In The Edge Malaysia this week — Sabah has emerged as the country’s battleground for Covid-19. Why is it struggling and what needs to be done? The answers and more in the latest edition of The Edge. </div><div class=inPageAd id=div-gpt-ad-inpage>

EDGE WEEKLY: The long road ahead

Pos Malaysia Bhd (KL:POS) is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Pos Malaysia to sell non-core shipping unit for RM123m

Tun Dr Mahathir Mohamad has demanded that he or his lawyers be allowed to attend the proceedings of the Royal Commission of Inquiry (RCI) on the sovereignty of Pulau Batu Puteh and two other islets.

After threatening to boycott, Mahathir now demands to attend RCI proceedings on Pulau Batu Puteh

The International Monetary Fund (IMF) warned Britain's government on Tuesday that it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future.

IMF warns Britain against more pre-election tax cuts

One person has died and several more passengers have been injured after a Singapore Airlines Ltd flight encountered severe turbulence in the skies over Asia.

One dead after Singapore Air flight hit by severe turbulence

Pharmaceutical company YSP Southeast Asia Holding Bhd (KL:YSPSAH) has reported its highest quarterly net profit and revenue since its listing in 2004, attributing the impressive first-quarter performance to improved operating efficiency and increased sales.

YSP registers best quarter since listing 20 years ago, boosted by higher sales

SL Innovation Capital Bhd (KL:SLIC) announced on Tuesday that it has appointed KAF Investment Bank Bhd (KAF IB) as the principal adviser and sponsor for its listing transfer to the ACE Market from the LEAP Market.

SL Innovation appoints KAF IB as new adviser, sponsor for ACE Market listing transfer

Former Malaysian Merchant Marine Bhd (MMM) executive deputy chairman Datuk Ramesh Rajaratnam is applying for a stay of his criminal trial at the High Court here for insider trading.

Former Malaysian Merchant Marine deputy chair seeks to stay his insider trading trial

Thailand is working on a supplementary budget that seeks to lift state spending by as much as 122 billion baht (RM15.77 billion) as Prime Minister Srettha Thavisin presses ahead with a plan to stimulate the nation’s economy through a cash handout.

Thailand mulls up to US$3.4 bil extra budget to finance cash handout plan

There is little evidence that big fee hikes imposed by US duo Visa and Mastercard on retailers have led to a major improvement in service, Britain's Payment Systems Regulator (PSR) said on Tuesday, flagging concerns competition was not working.

Britain seeks to rein in Mastercard and Visa fees on retailers

Microsoft on Monday debuted a new category of personal computers with artificial intelligence (AI) features as it rushes to build the emerging technology into products across its business and compete with Alphabet and Apple.

Microsoft debuts 'Copilot+' PCs with AI features

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Hartalega returns to the black for 4QFY2024

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB offers Apple Pay to its customers in Malaysia

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

Shares in Menang Corp (M) Bhd (KL:MENANG) rose to their highest in nearly nine months after the property development and management company declared a special dividend amid six-year-high quarterly earnings.

Menang shares close in on nine-month high on special dividend, earnings

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) ended its maiden trading day on Bursa Malaysia's Main Market with a 37.5% gain on Tuesday.

Feytech ends maiden trading day with 37.5% gain on Main Market

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Bersatu Information Chief Datuk Wan Saiful Wan Jan was never involved in any of the government committees that had awarded the ‘Central Spine Road: Sertik to East Coast Highway Intersection’ contract to Nepturis Sdn Bhd, the Sessions Court was told on Tuesday.

Wan Saiful not involved in committees awarding Jana Wibawa contracts, says witness

KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Affin Bank Bhd (KL:AFFIN), the financial services arm of the Armed Forces Fund&nbsp;Board (LTAT), said on Tuesday its net profit down was 26% lower year-on-year (y-o-y) in the first quarter, on lower net interest income and other income.

Affin Bank's 1Q net profit down 26% as net interest income falls

Sunway Construction Group Bhd (KL:SUNCON) retreated on Tuesday from its all-time high amid weaker-than-expected results and growing market concerns that its shares may have peaked after beating the consensus target price.

SunCon shares off record high after below-view 1Q amid analyst downgrades

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

Bahvest poised for potential bullish breakout, says Rakuten Trade 

Shares in Pintaras Jaya Bhd (KL:PTARAS) rose to their highest in 14&nbsp;months, though analysts remained doubtful of further gains, as the earthworks company homed in on the consensus target price.

Pintaras Jaya rises to 14-month high after announcing 3Q results

Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Pos Malaysia Bhd (KL:POS) is selling its ship chartering unit that mainly deals with bulk cargoes for RM123.21 million as part of a move to shed non-core businesses.

Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.81 million in the third quarter ended March 31, 2024 (3QFY2024), from RM71.51 million a year ago, driven by strong oil and condensate prices of over US$90 (RM421.68) per barrel.

Hibiscus' 3Q net profit climbs 42%, driven by strong oil and condensate prices

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares log worst day in 15 months after below-view 1Q

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.