The secret to getting the most out of your investments is identifying the right kind of investments and diversification, say market experts and presenters of Standard Chartered Bank’s “Global Market Outlook Forum 2020”.</div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: The lowdown on investing

Singapore's first prime minister in 20 years held an initial cabinet meeting on Thursday after taking office with a pledge to sustain what he called the miracle of the wealthy city state amid an uncertain global environment.

Singapore's first new PM in 20 years holds inaugural cabinet meeting 

The benchmark S&P 500 and tech-heavy Nasdaqrose marginally on Thursday, setting fresh all-time highs a day after tepid inflation data bolstered hopes of interest-rate cuts.

S&P 500, Nasdaq extend record streak on renewed rate-cut hopes

Nine people have been charged in Britain for promoting unauthorised foreign exchange trading schemes on Instagram in the first crackdown on "finfluencers", the UK Financial Conduct Authority (FCA) said on Thursday.

UK charges nine in crackdown on 'finfluencers'

Iconic Medicare Sdn Bhd (IMED), a wholly-owned unit of Iconic Worldwide Bhd (KL:ICONIC), is suing Jovian Apparel Sdn Bhd over an alleged outstanding sum of RM4.96 million in unpaid face masks supplied by the company to the fashion retailer.

Iconic Worldwide unit sues Jovian Apparel over unpaid face masks totalling RM4.96m

EVENING 5: Five things you need to know today

In today’s edition of Evening 5: 00:00 TNB need not pay RM1.8 bil additional taxes 01:42 KRI: Students should work abroad for better pay 03:14 S P Setia 1Q earnings jump 40%, sales remain on track 04:25 Tomei anticipates retail boost from new EPF Account 3 05:31 Hup Seng posts best quarterly earnings in six years

EVENING 5: TNB need not pay RM1.8 bil additional taxes

Tomei Consolidated Bhd’s net profit jumped 76.38% to RM20.94 million in the first quarter ended March 31, 2024 (1QFY2024), from 11.87 million a year before, led by higher sales during the festive seasons — Chinese New Year and Hari Raya.

Tomei books 76% net profit in 1Q, highest since 2QFY2022

On May 7, a 50-year-old tree fell on Jalan Sultan Ismail, Kuala Lumpur, due to sudden heavy rain and strong winds. Sadly, this led to a loss of life, several injuries, and significant property damage. WWF-Malaysia extends our heartfelt sympathy to the affected families and expresses profound sorrow over this event.

The root of resilient cities

Plastic packaging manufacturer Thong Guan Industries Bhd (KL:TGUAN) is teaming up with the Kedah State Development Corporation (PKNK) to jointly develop 221 units of shop and office lots with an estimated gross development value (GDV) of RM200 million.

Thong Guan teams up with Kedah agency to develop RM200m GDV property project

China’s government plans to hold a meeting with key officials on Friday morning to discuss the property market, including a proposal to clear excess housing inventory, according to people with knowledge of the matter.

China to discuss property aid with banks, regulators on Friday, Bloomberg reports

KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday, as analysts advised investors to remain vigilant over emerging concerns on US tariffs on Chinese goods, which will not take effect for another two years.

Glove counters surrender gains as analysts advise investors to stay vigilant

A three-member Court of Appeal bench on Thursday upheld a High Court decision given two years ago, which had dismissed an Inland Revenue Board (IRB) claim of taxes amounting to RM1.8 billion against Tenaga Nasional Bhd (KL:TENAGA).

TNB need not pay RM1.8b additional taxes as appellate court upholds High Court's decision

Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare well on Thursday, folllowing news of a privatisation offer at RM11 per share led by a consortium of its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF).&nbsp;

MAHB shares fall as investors are cautious about privatisation deal

KUALA LUMPUR (May 16): The Malaysian Aviation Commission (Mavcom) has revoked the Air Service Licence (ASL) of scheduled air cargo operator My Jet Xpress Airlines Sdn Bhd.

Mavcom revokes Air Service Licence of My Jet Xpress Airlines

(May 16):&nbsp;Singapore Airlines Ltd&nbsp;will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.

Singapore Air staff get eight months' salary bonus after record profits

KUALA LUMPUR (May 16): IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM Corp)(KL:IJM), said on Thursday that it has secured eight central London sites for development with its partner Network Rail Property.

IJM, partner secure eight central London sites for development

Sarawak Cable Bhd (KL:SCABLE) on Thursday said that the High Court has allowed the winding-up petition by OCBC Bank (Malaysia) Bhd on its subsidiaries Universal Cable (M) Bhd and Leader Cable Industry Bhd.

High Court gives nod for OCBC to wind up Sarawak Cable’s subsidiaries

National oil firm Petroliam Nasional Bhd’s (Petronas) subsidiary Suriname E&amp;P BV&nbsp;(Petronas Suriname E&amp;P) has made a third hydrocarbon discovery in Suriname’s Block 52 at the Fusaea-1 exploration well, located about 170km offshore and 9km east from Roystonea-1.

Petronas makes oil and gas discovery at Suriname's offshore Block 52

Property developer UEM Sunrise Bhd (KL:UEMS) and its partners plan to develop a 40-acre renewable energy industrial park in Iskandar Puteri, Johor.

UEM Sunrise, partners to develop renewable energy park in Johor

Gold and jewellery brand Tomei Consolidated Bhd (KL:TOMEI) anticipates that the newly introduced Employees Provident Fund's (EPF) Account 3 will enhance consumers' spending power, potentially boosting its retail sales.

Tomei anticipates retail boost from new EPF Account 3

The government should encourage more graduates to work abroad for better salaries to service their student debt, as Malaysia is experiencing wage stagnation and an erosion of living standards, according to the Khazanah Research Institute (KRI).

Encourage graduates to work abroad for better salaries to service student debt, Khazanah Research tells Putrajaya

Industrial paint and coating manufacturer Smart Asia Chemical Bhd (KL:SMART), which is set to be listed on the ACE Market of Bursa Malaysia on May 28, said its initial public offering (IPO), priced at 40 sen apiece, has been oversubscribed by 33.8 times.

Smart Asia Chemical oversubscribed by 33.8 times ahead of ACE Market listing

Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Datuk Seri Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.

Meta restores Facebook posts by Malaysian media on Anwar's meeting with Hamas

theedgemalaysia.com&nbsp;highlighted three stocks with positive momentum and 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday. &nbsp;

Straits Energy, Revenue, AEON Co, Notion VTec, L&P Global, MBSB, Hume Cement, VSTECS, ELK-Desa, Icon Offshore, Dancomech, WMG, SCGM, Jiankun International, Mitrajaya

Ekuiti Nasional Bhd (Ekuinas) is investing RM37 million in local Bumiputera company Mizou Holdings Sdn Bhd, which is mainly involved research and development, sales, distribution and support services of specialised agricultural machinery designed for the upstream palm oil sector.

Ekuinas invests RM37m in industrial machinery developer Mizou

Norway’s US$1.7 trillion (RM7.96 trillion) sovereign wealth fund has decided to exclude Adani Ports &amp; Special Economic Zone Ltd&nbsp;from its portfolio, citing 'unacceptable'&nbsp;risks that the company is tied to human rights violations in war and conflict zones.

Norway's wealth fund blacklists Adani Ports citing ties to war

Those spongy lumps of uncertain origin in instant cup noodles? Turns out consumers in Japan love them just as much as the main attraction.

‘Mystery meat’ in cup noodles sells out in Japan as solo product

KUALA LUMPUR (May 16): Malaysia is taking steps to strengthen its regime on anti-money laundering, and the countering of financing terrorism and the proliferation of weapons of mass destruction (AML/CFT/CPF), the central bank said.

BNM: Malaysia taking steps to strengthen anti-money laundering, counter-terror laws

The Ministry of Human Resources has announced that the progressive wage pilot project, scheduled to commence in June, will encompass five key sectors.

Human Resources Ministry unveils progressive wage pilot project for five key sectors

COME May 11, the Employees Provident Fund’s (EPF) flexible account (or Account 3) will go “live”, giving pre-retirement account holders the liberty to withdraw up to 10% of their balances for any purpose — a scenario that will be closely monitored for its potential impact on consumption.&nbsp;</p...