KUALA LUMPUR (Feb 17): XOX Bhd said its unit is partnering Advance Tech Communication Sdn Bhd (ATC) to launch 4G and 5G smartphones, with additional satellite communication capabilities termed XPLORE.

The smartphone, equipped with satellite connectivity and digital mobile radio, will be launched by ATC to XOX users, whereby XOX will be the first telecommunication service provider to market and distribute the products to its users across Southeast Asia, XOX said in an exchange filing today.

XOX partners ATC to launch 4G, 5G satellite smartphones

KUALA LUMPUR (Feb 17): NWP Holdings Bhd has received an extraordinary general meeting (EGM) requisition from its shareholders to remove executive director Wong See Ming from its board.

The notice was served by Tan Su Haw and Chew Kah Eng, the two shareholders who claimed they have jointly held 12.1% equity stake, the timber company announced to Bursa Malaysia this evening.

NWP receives EGM requisition to remove an exec director

Sinmah Capital Bhd has scrapped plans to acquire two pieces of land together with a three-star hotel and a six-storey commercial building sited on them in Bandar Nilai Utama, Seremban, for a combined RM27 million.

Sinmah scraps plans to buy Seremban land, eyes Sungai Buloh land for RM33m

Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG Ltd has signed a 12-year time charter party (TCP) with Japanese shipowner Kawasaki Kisen Kaisha Ltd (K Line) for two mid-sized new build liquefied natural gas (LNG) vessels.

Petronas signs long-term time charter with Japan shipbuilder K Line

The MUI group, owned by Tan Sri Khoo Kay Peng, is reportedly in talks with its lenders to secure a fresh drawdown to keep its fashion and homeware retail chain Laura Ashley afloat, according to news reports.

MUI in talks with lenders for fresh drawdown to save Laura Ashley — report

*The headline of this article has been amended for accuracy*

KUALA LUMPUR (Feb 11): Eka Noodles Bhd's subsidiaries have been sued for allegedly forging and altering documents to confuse the public on the ownership of a noodles brand, Nayati.

The Practice Note 17 ...

Eka Noodles units sued for alleged involvement in seeking to confuse public over brand ownership

*The headline of this article has been amended for accuracy*

KUALA LUMPUR: EKA Noodles Bhd’s subsidiaries have been sued for allegedly forging and altering documents to confuse the public on the ownership of a noodles brand, Nayati.

The Practice Note 17 firm said...

Based on corporate announcements and news flow today, stocks in focus on Monday (Feb 17) may include: FGV Holdings Bhd, Carlsberg Brewery Malaysia Bhd, Minda Global Bhd, Dolomite Corp Bhd and Gunung Capital Bhd.

FGV Holdings Bhd is diversifying into the business of dairy farming and fresh milk processing, a step towards becoming an integrated agrifood company

FGV, Carlsberg, Minda Global, Dolomite and Gunung Capital

Gunung Capital Bhd’s group managing director-cum-chief executive officer Datuk Syed Abu Hussin Hafiz Syed Abdul Fasal has ceased to be its substantial shareholder, confirming a recent report by The Edge Malaysia.

Gunung Capital, in an exchange filing today, revealed that Syed Abu Hussin disposed of 7.45 million shares representing a 3.117% direct stake in the company at 58.24 sen per share, in a combination of open and off-market disposals on Feb 12

Gunung Capital CEO exits loss-making group

A former unit trust consultant has been charged by the Securities Commission Malaysia (SC) for deceiving four individuals of their investments amounting to RM50,000 between August 2015 and November 2016.

Former unit trust consultant charged with deceiving investors

Cocoa resumed gains in New York, with prices the most volatile in almost five decades amid uncertainty over a historic crunch and as traders pull out of the market.

Cocoa price swings are the craziest since the 1970s

Farm Price’s managing director Dr Lawrence Tiong Lee Chian says that it has plans to expand in Singapore given the growing demand.

NEWS: Farm Price eyes S’pore expansion

KUALA LUMPUR (April 24): Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.

Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

Revenues at Italian luxury group Prada rose 16% at constant exchange rates in the first quarter, driven by a jump in Miu Miu sales and continued growth in Asia.

Prada's sales up 16% in first quarter as Miu Miu shines

Security at the Kuala Lumpur International Airport (KLIA) here is set to be enhanced with the use of e-scooters.

Selangor Menteri Besar Datuk Seri Amirudin Shari said the use of the micromobility vehicles would speed up police patrols, thus increasing public confidence in security at the country's main entry point.

Security at KLIA terminals set to be enhanced with use of e-scooters, says Selangor MB

The yen fell on Wednesday to its weakest levels against the dollar since 1990, with markets alert to any signs of intervention from the Japanese authorities to prop up their currency.

Japan's yen hits 155 per dollar, weakest since 1990

Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.

Hibiscus Petroleum completes drilling at Bunga Aster-1 well, first oil production set for next month

Suria KLCC's established reputation as a premier shopping destination has set it apart from other malls in the same vicinity, which provided it an effective buffer against new competition, according to KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.

Suria KLCC shrugs off competition from new malls, with occupancy rate hitting 98% at end-2023

Malaysian automotive companies may see earnings decline this year as sales dip and operating costs rise amid the emergence of several Chinese brands offering attractive pricing, analysts cautioned.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

KUALA LUMPUR (April 24): Sapura Industrial Bhd plans to collaborate with Mili Tech Sdn Bhd on feasibility studies for electrified vehicle (EV) products and potentially establish a joint venture (JV) business in Malaysia.

Sapura Industrial inks MOU with Mili Tech for feasibility studies on EVs

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

Malaysian automotive companies may see earnings decline this year as sales dip and operating costs rise amid the emergence of several Chinese brands offering attractive pricing, analysts cautioned.

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Chin Hin Group Property Bhd said on Wednesday it had signed two agreements to develop two separate residential projects in Kuala Lumpur worth RM1.08 billion in combined gross development value (GDV).&nbsp;

Chin Hin Group Property to develop two residential projects worth RM1.08 bil

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

Muhammad Ikmal of Widad ceases to be Dataprep’s substantial shareholder as shares sale continues

Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;

Bursa races to two-year high as investors turn bullish

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Tan Xue Ying

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