KUALA LUMPUR (Oct 18): Malaysia Airports Holdings Bhd (MAHB) said it is looking at ways to ensure better services will be provided at its airports.

In a statement today, MAHB said klia2 experienced an unusually long arrival immigration queue time yesterday, reaching nearly two hours which caused dissatisfaction among passengers and airlines.

MAHB will upgrade klia2’s immigration area to enhance customer satisfaction

KUALA LUMPUR (Oct 17): International sukuk issuance from major Islamic finance markets were almost unchanged in the first nine months of 2019 year-on-year (y-o-y), Fitch Ratings said.

In a statement today, Fitch said sukuk issuance with a maturity of more than 18 months from the Gulf Co...

International Sukuk Issuance volumes expected to grow in coming years - Fitch

KUALA LUMPUR: An Empire Resorts Ltd minority shareholder is suing the company, its board members and the company’s controlling shareholders — Genting Malaysia Bhd (GenM) and Kien Huat Realty III — for steering the company to go private against other shareholders’ interests.

According to...

Genting Malaysia sued over Empire Resorts’ privatisation

A minority shareholder is suing Empire Resorts Ltd, its board members and the controlling shareholders — Genting Malaysia Bhd (GENM) and Kien Huat Realty III, for the unfair offer to take the US-based casino operator private.

According to Times Herald-Record's website, minority shareholder David Mullen from New Jersey made the claim in a suit filed Tuesday in Supreme Court in Sullivan County.

Empire Resorts’ minority shareholder sues Genting Malaysia, Kien Huat Realty for unfair privatisation deal  

KUALA LUMPUR: The government is conducting a study on the petrol subsidy mechanism for the middle 40% (M40) income group, with the outcome paving the way for the M40's inclusion in the government's targeted fuel subsidy programme (PSP).

"For the M40, it will be ready by March 2020, and ...

Guan Eng: Govt studying fuel subsidy mechanism for M40 group

KUALA LUMPUR: The sales and service tax (SST) coverage could be widened on the condition it does not raise the cost of living and burden Malaysians, said Finance Minister Lim Guan Eng.

"That (widening the SST scope), we will surely consider, but on the condition it does not weigh on the...

Widening of SST scope a possibility

KUALA LUMPUR: Stronger whistle-blowing protections are needed, including the setting up of a special office, to better protect and support individuals who identify corruption or illegalities within corporate entities.

Speaking at the inaugural International Directors Summit 2019 here ye...

Whistle-blower protection key to upholding good corporate governance

The government is doing a study on the petrol subsidy mechanism for the M40 middle income group and the outcome of the study could be ready as early as March next year, which will pave the way for the inclusion of the M40 group in the government's targeted fuel subsidy programme or PSP.

Govt studying fuel subsidy mechanism for M40 group — Guan Eng

The sales and services tax (SST) coverage could be widened on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the Ministry of Finance.

MoF: SST scope widening a possibility

KUALA LUMPUR: Corporates should look at other aspects of diversity such as age and skill when considering their boards of directors’ composition, given demands of today’s reality, amid technological disruptions, according to the Institute of Corporate Directors Malaysia (ICDM).

ICDM cha...

Age, skill diversity crucial in 21st century corporate boards

VENICE (April 25): Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.

Any visitor who is not staying the night must pay a 5 euro ($5.35) entry fee online...

Overcrowded Venice introduces first payment charge for tourists

Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.

Zuckerberg asks for patience after Meta’s AI push irks investors

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

Synergy House may trend higher, says Rakuten Trade

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Singapore's Keppel profit rises on strong infra, connectivity performance

Germany is waging a charm offensive inside the Republican Party. Japan is lining up its own Trump whisperer. Mexican government officials are talking to Camp Trump. And Australia is busy making laws to help Trump-proof its US defence ties.

How US allies are preparing for a possible second Trump term

Apex Research says Ramssol is kicking off the year with a blast

MORNING CALL: 25/4/24

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Friends, family, royalty seek mercy for crypto’s richest man

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

Meta’s miss sparks fear in tech world with big earnings looming

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.

KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.

Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

KUALA LUMPUR (April 24): Suria Capital Holdings Bhd’s wholly owned Sabah Ports Sdn Bhd has roped in DP World, an Emirati multinational logistics company based in Dubai, to manage Sapangar Bay Container Port (SBCP), in a bid to cement the port’s position as a regional trade hub for the East Asean growth area spanning Brunei, Indonesia, Malaysia and the Philippines (BIMP-EAGA).

Suria Capital’s Sabah Ports ropes in Dubai’s DP World to manage Sapangar Bay Container Port

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EVENING 5: Five things you need to know today

TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.

TikTok CEO expects to defeat US restrictions: 'We aren't going anywhere'

The High Court here on Wednesday dismissed a judicial review application by Musang King durian planters around Raub to challenge the Pahang government's decision to issue eviction notices against them.

High Court bins Musang King farmers’ bid to challenge land eviction notice in Pahang

The prosecution succeeded in its appeal at the Federal Court on Wednesday to forfeit RM1,112,700 from 79 investors involved in an illegal deposit-taking scheme.

Apex court allows forfeiture of RM1.11m belonging to investors of illegal deposit-taking scheme

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

S&P 500 ends higher as markets weigh rising yields, upbeat corporate results

CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.

CLMT’s 1Q net property income jumps 63% to RM64m, DPU up 37%

The strategic collaboration between Sabah Ports Sdn Bhd (SPSB) and DP World, a global port terminal operator, will be a boon to Sabah’s aspiration to promote the Sapangar Bay Container Port (SBCP) as a key transshipment hub in the region, said Chief Minister Datuk Seri Hajiji Noor.

Hajiji: Tie-up between Sabah Ports, DP World to boost state’s aim to become transshipment hub

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

The Nasdaq outpaced Wall Street peers on Wednesday, with Tesla leading gains among megacap stocks after its quarterly results, while upbeat earnings reports across other sectors also offered support.

Nasdaq outshines Wall Street peers on tech boost, earnings glee 

US and European shares finished mixed on Wednesday ahead of more corporate earnings this week, and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan.

Equities mixed as investors eye earnings; yen on intervention watch

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.

Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, helped by leaner inventories and steady digital gaming revenue, sending its shares up 12%in early trading.

Toymaker Hasbro's turnaround efforts help first-quarter profit beat

Russia vetoed a United Nations Security Council resolution that would have reaffirmed a global commitment against deploying nuclear weapons in space, rebuffing US efforts to shine a spotlight on Moscow’s reported plans to do so.

Wong Swee May

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Wong Swee May

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