Petronas Dagangan Bhd (PetDag) reported a 16% increase in its net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM275.71 million or 27.80 sen per share, from RM237.68 million or 23.90 sen per share a year ago.

PetDag 2Q net profit rises 16%, declares 18 sen dividend

KUALA LUMPUR (March 23): Fitters Diversified Bhd saw Datuk Ho Shu Keong, its independent non-executive director appointed in July 2019, emerge as substantial shareholder in the fire-fighting systems specialist, after he acquired 10 million shares representing a 2.3% stake on March 20.

Fitters Diversified, PRG

KUALA LUMPUR (Sept 28) Two new substantial shareholders — Kenny Khow Chuan Wah and Chong Koon Meng — have emerged in business ICT solutions provider MMAG Holdings Bhd.

It is worth noting that the company's managing director Wong Eng Su has also recently emerged as a substantial sharehol...

New substantial shareholders emerge in MMAG

KUALA LUMPUR (June 7): O&C Resources Bhd saw a 4.19% equity stake worth RM4.5 million traded off market at 50 sen per share.

The transactions are done in two blocks of 4.99 million and 3.99 million shares.

For comparison, a total of 4.8 million O&C Resources shares wer...

O&C Resources, Magni-Tech see substantial stakes traded off market

KUALA LUMPUR (May 27): Mexter Technology Bhd, which saw its share price hit a one-year high today, saw a substantial 31.28% of its shares traded off market today.

According to Bloomberg data, the 61.55 million shares were transacted in three blocks, ranging from 4.29 million to...

Mexter sees 31.28% stake traded off market; former ED sells off his shares

KUALA LUMPUR (May 9): DBE Gurney Resources Bhd's managing director Datuk Ding Seng Huat has raised his direct shareholding in the integrated poultry company to 13.08%, from 9.9% previously.

In a filing with Bursa Malaysia today, DBE Gurney said Ding made an off-market acquisition of 25 ...

DBE Gurney MD ups stake to 13%, chairman ceases to be substantial shareholder

KUALA LUMPUR (May 4): Property investment and investment holdings company Pan Malaysian Industries Bhd (PMIB) has ceased being a substantial shareholder in four companies, including its associate Malayan United Industries Bhd (MUIB).

In separate filings to Bursa Malaysia today, MUIB, Pa...

Pan Malaysian Industries ceases to be substantial shareholder in four listed companies

KUALA LUMPUR (May 3): Integrated health supplements manufacturer Bioalpha Holdings Bhd saw 3.9% of its shares traded off market today, for a total value of RM6.38 million.

According to Bloomberg data, the transaction prices were between 32.5 sen to 35 sen per share, represents discount ...

Bioalpha sees 3.9% of its shares traded off-market

KUALA LUMPUR (April 29): Berjaya Corp Bhd (BCorp) saw nearly 3.6% of its shares traded off market today, for a total of RM61.29 million.

According to Bloomberg data, the shares moved in four blocks, ranging from 353,600 shares to 160 million per block, for a value of between RM...

Berjaya-related stocks see substantial stake traded off market

KUALA LUMPUR (April 22): Timber products manufacturer NWP Holdings Bhd and geotechnical engineering firm Emas Kiara Industries Bhd saw notable off-market trade today.

According to Bloomberg data, NWP Holdings saw 5.09% or 16.3 million shares traded off market.

The tra...

NWP Holdings, Emas Kiara see notable off-market trade

KUALA LUMPUR (April 12): Geosynthetic engineering specialist Emas Kiara Industries Bhd and automated equipment developer cum manufacturing solutions provider Pentamaster Corp Bhd saw notable off-market trade today.

According to Bloomberg data, 4.35% or four million shares in Em...

Emas Kiara, Pentamaster see notable off-market trade

KUALA LUMPUR (Dec 16): Lembaga Tabung Haji (LTH) has ceased to be a substantial shareholder in Y.S.P. Southeast Asia Holdings Bhd (YSPSAH), after disposing of 4 million shares or a 2.9% stake in the company.

In a filing with Bursa Malaysia today, the pharmaceutical firm said the Islamic...

Tabung Haji ceases to be substantial shareholder in YSP Southeast Asia

KUALA LUMPUR (Dec 9): Berjaya Corp Bhd founder Tan Sri Vincent Tan cut his stake in Stemlife Bhd to 8.99% following a take-over offer for the stem-cell specialist.

Cordlife Group Ltd is offering to buy the remaining shares in Stemlife for 45 sen a share. The offer turned unconditional l...

Berjaya founder Vincent Tan cuts Stemlife stake 

Defence Minister Datuk Seri Mohamed Khaled Nordin said the government had no plans to temporarily suspend the service of Fennec and HOM helicopters.

Govt not suspending service of Fennec and HOM helicopters, says minister

It will be a four-way fight in the upcoming Kuala Kubu Bahru by-election between Pakatan Harapan’s pick Pang Sock Tao, Hulu Selangor Bersatu action division head Khairul Azhari, Parti Rakyat Malaysia’s Hafizah Zainudin and independent Nyau Ke Xin.

NEWS: Four-cornered fight in KKB by-election

Parti Rakyar Malaysia’s Hafizah Zainudin says that if elected, PRM will stand on a platform of increased transparency in government.

NEWS: Parti Rakyat Malaysia will run on more transparency

The Malaysian Palm Oil Association (MPOA) said there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.

Ageing oil palm trees: MPOA calls for govt incentives to speed up replanting

Pakatan Harapan’s Pang Sock Tau, who will be representing her party in the Kuala Kubu Bahru by-elections, says that amid all the noise, her focus will be on the rakyat’s issues, especially those concerning the youth and women.

NEWS: PH campaign to focus on core issues

Former prime minister Datuk Seri Najib Razak was never confronted by the Malaysian Anti-Corruption Commission (MACC) on whether Blackstone Asia Real Estate Partners — which received millions from 1Malaysia Development Bhd (1MDB) and transferred it to his private banking account — was controlled or owned by fugitive Eric Tan Kim Loong, an alleged associate of Low Taek Jho or Jho Low.

Court told MACC never asked Najib if he knew who owned shell company that transferred US$30 mil to his account

PN chairman Tan Sri Muhyiddin Yassin is confident of the coalition’s odds in the Kuala Kubu Bahru by-election, and says the experience of its candidate, Khairul Azhari Saut, gives him an edge over the others.

NEWS: PN confident of wresting KKB seat

BN chairman Datuk Seri Dr Ahmad Zahid Hamidi said it is time to repay PH’s favour in the Kuala Kubu Bahru by-election. He is also hopeful that MCA will still join the unity coalition's campaign.

NEWS: Time for BN to repay PH’s favour, says Zahid

Bank of Singapore Ltd, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, according to a CNA report.

Singapore bank fires workers over misuse of medical claims — CNA

The Kuala Kubu Baharu (KKB) state by-election is the time for Barisan Nasional (BN) to return Pakatan Harapan’s (PH) favour in assisting Umno candidates in the previous elections, said Datuk Seri Dr Ahmad Zahid Hamidi.

Time for BN to return PH's favour in Kuala Kubu Baharu by-election, says Zahid

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

The Kuala Kubu Baharu (KKB) state by-election will see a four-cornered fight between the candidates of Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.

A four-way bout in Kuala Kubu Baharu by-election

Former prime minister Datuk Seri Najib Razak was never confronted by the Malaysian Anti-Corruption Commission (MACC) on whether Blackstone Asia Real Estate Partners — which received millions from 1Malaysia Development Bhd (1MDB) and transferred it to his private banking account — was controlled or owned by fugitive Eric Tan Kim Loong, an alleged associate of Low Taek Jho or Jho Low.

Kuala Lumpur Kepong Bhd (KLK) is investigating allegations of unethical recruitment practices made against the sub-agents of SOS Manpower Service, its appointed agent to recruit Nepalese foreign workers for its subsidiary&nbsp;KL-Kepong Rubber Products Sdn Bhd.

The allegations, according to KLK, were made by Sajha Sabal Media, a news portal in Nepal.

KLK investigating allegations of unethical practice linked to its foreign worker recruitment agent

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Bank of Singapore Ltd, the private-banking arm of Oversea-Chinese Banking Corp (OCBC), has fired up to 40 employees over the misuse of medical benefits, according to a CNA report.

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

The Malaysian Palm Oil Association (MPOA) said&nbsp;there is an urgent need to accelerate replanting to address the issue of ageing oil palm trees, and urges the government to provide replanting tax incentives to support such efforts.

The Kuala Kubu Baharu (KKB) state by-election&nbsp;is the time for Barisan Nasional (BN) to return Pakatan Harapan’s (PH) favour in assisting Umno candidates in the previous elections, said&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

China's industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world's second-biggest economy.

China's first-quarter industrial profits rise at slower pace

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Apple intensifies talks with OpenAI for iPhone generative AI features

The Malaysian Anti-Corruption Commission (MACC) has opened an&nbsp;operations room for&nbsp;the public to channel information and complaints of corrupt acts and power abuse in the Kuala Kubu Baharu&nbsp;state by-election.

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