In efforts to secure financial resilience, Malaysians often opt for more traditional savings methods and calculated budgeting to weather rainy days. The Malaysia Deposit Insurance Corporation (MDIC) reports that nearly half of Malaysians are without insurance coverage, suggesting that insurance h...

Inclusivity: Bridging the insurance gap through a digital approach

Quietly, gradually, our ways of consuming information and entertainment have completely shifted. The old Hollywood model of entertainment, and the old system of news cycles via massive media conglomerates, are essentially and fundamentally outdated.

Long past are the days where the powe...

Creator Economy: What do online creators and electric vehicles have in common?

Concert tickets, especially for popular artistes with a large fan base, often cost a lot. But even if one were to have the funds to purchase the tickets, securing them is another matter altogether.

Despite saving up a substantial amount of money, I had not been able to attend any concer...

Geek Speak: Get up close and virtual

With the pressure rising for businesses to migrate and modernise their mainframe applications, they need to start crafting a clear goal towards digital modernisation. Simultaneously, they should ensure that their infrastructure possesses the necessary maturity to sustain the present demands for d...

Solutions: Setting a clear path in digital modernisation

Funding, regulatory reform and capacity building are the three biggest challenges in the venture capital (VC) ecosystem, making them the main areas that the government needs to address to position the country as the preferred regional VC hub by 2030.

The Ministry of Science, Technology ...

Cover Story: Making Malaysia a preferred venture capital hub

Employees are not motivated to perform mundane and repetitive tasks even though it is necessary for an organisation to operate, says Hew Wee Choong, head of the Asean team at Cyclone Robotics (Cyclone).

“Many companies are finding a lot of opportunities and growth now despite the challe...

Robotics: Automating tasks to ensure continuity

In an era where digital platforms play an ever-growing role, the fusion of art and technology has given rise to initiatives like Love and Support Art. This independent and self-funded project, which has an estimated valuation of RM2 million, serves as a curated space dedicated to uplifting artist...

Culture: Where technology empowers creativity

NEWS

Study: Companies’ inability to gain visibility leads to wasted cloud spend

A study by Forrester Consulting, commissioned by intelligent integration company Boomi, has revealed that companies experienced uncontrolled and wasteful clo...

Bits + Bytes: A Miscellany of Technology

Over the years, Malaysia’s gaming landscape has consisted mostly of independent, or “indie”, gaming studios. Raw creative and technical gaming talent is said to be abundant in Malaysia and the reason many large, global gaming companies, such as PlayStation and Virtuous, decided to set up shop her...

Gaming: Indie studios: Heart and soul of the gaming industry

KUALA LUMPUR (April 18): Global video game commerce company Xsolla, Inc has collaborated with Curine Ventures to launch the Xsolla Curine Academy (XCA) in KL Eco City.

Xsolla Curine Academy launched to foster growth in game development industry

Wherever you stand on the development of AI one thing is certain — in its various forms, AI will have the single biggest impact across industries not witnessed since the emergence of the internet. It will define modernisation, becoming a de facto tool for everything from research and development through to production and post-sales services. It will, as the International Monetary Fund recently suggested, “transform the global economy”.

Lowering barriers to entry: Why an affordable open cloud infrastructure is key to AI-driven innovation

Qrator Labs, a provider of distributed denial-of-service (DdoS) attack mitigation services, found that in 1Q2023, cyberattacks grew by 22% compared to the previous quarter. In addition, searches for cyber defence solutions doubled during Ramadan.

The recent research underscores a concer...

Red Alert: Significant increase in cyberattacks during Ramadan

The internet has evolved into a breeding ground for various nefarious activities, including misinformation, hate speech and cyberbullying.

In light of this, how can we ensure our safety and security online? Are there viable means to hold offenders accountable or report scams and problem...

Listicle: Safeguarding netizens

When the Inland Revenue Board (IRB) announced last year its intention to introduce mandatory e-invoicing for local companies by July 2025, it meant that Malaysia would join 40 countries around the world in implementing e-invoicing as part of the country’s measures to modernise and digitalise its ...

Accounting: Navigating the road to e-invoicing

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Honda Motor Co will spend C$15 billion (US$11 billion or RM52.54 billion) to build out its electric vehicle (EV) supply chain in Canada, with billions of dollars of financial aid from government, as the Japanese automaker seeks to tap long-term demand in the region.

Honda to spend US$11 bil on EV strategy in Canada

Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.

PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

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

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, Treasury Secretary Janet Yellen told Reuters on Thursday after a clutch of "peculiar" factors held the economy to its weakest showing in nearly two years.

US growth may get revised up, inflation will ebb

EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.

EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

CGS International has cut its earnings estimate for Inari Amertron Bhd as recent data flagged weakened smartphone demand, according to its research note on Thursday.

CGS International cuts Inari Amertron earnings forecast on weak smartphone demand

AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

AirAsia X to buy Capital A's aviation business for RM6.8b via share and debt deal 

In today’s edition of Evening 5: 00:00 EPF unveils the details of flexible Account 3 02:07 AAX to buy Capital A’s airline business for RM6.8 bil 03:47 DNB adds five new members to its board 04:58 PM denies claims about a Forest City casino 05:51 Pantech mulls listing two subsidiaries

EVENING 5: EPF unveils the details of flexible Account 3

AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.

Chin Teck’s 2Q net profit up sevenfold

MKH Oil Palm (East Kalimantan) Bhd (MKHOP), the plantation arm of property developer MKH Bhd, reported RM16.02 million net profit on the back of RM86.05 million revenue for the second quarter ended March 31, 2024 (2QFY2024), ahead of its listing on Bursa Malaysia’s Main Market.

MKH Oil Palm posts RM16 mil net profit in 2Q, q-o-q up 44% ahead of Main Market listing

Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.

CapitaLand Malaysia Trust surges to near four-year high after strong 1Q

Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.

Nasdaq-listed TTM Technologies invests RM958 mil for manufacturing plant in Penang

The Council of Palm Oil Producing Countries (CPOPC) has called on the European Union to delay the implementation of deforestation rules by at least a year for small businesses, its secretary general said on Thursday.

Palm oil producers urges EU to delay deforestation rules for small businesses

Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless &amp; Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

Plans for this are still at the preliminary stage and extensive preparatory work needs to be carried out, Pantech said in a bourse filing on Thursday.

Pantech mulls listing two subsidiaries on Main Market via SPV

Practice Note 17 (PN17) company Khee San Bhd will increase the allotment underwritten in its proposed rights issue after Ng Meng Kee ceased to be a substantial shareholder and requested to discharge his undertaking.&nbsp;

Khee San revises underwriting of rights issue after substantial shareholder ceases to be, withdraws undertaking

ViTrox Corp Bhd saw its net profit nearly halved for the financial quarter ended March 31, 2024 (1QFY2024), primarily due to unfavourable product mix and higher research and development (R&amp;D) expenditures to support the introduction of new products.

ViTrox 1Q’s net profit nearly halved, extending declining profits to five quarters

Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.

Inta Bina bags RM224.8m job to build business serviced apartments in Subang Jaya

The newly constituted board of Digital Nasional Bhd (DNB) will convene a meeting soon to review due diligence findings and address the remaining conditions precedent in the share subscription agreements (SSAs), said Digital Minister Gobind Singh Deo.

DNB's new board to review due diligence findings, finalise share subscription agreements soon — Gobind

While March’s headline inflation of 1.8% year-on-year (y-o-y) came in slightly lower than consensus expectations of 2%, economists are maintaining their projection that Malaysia's headline inflation will progressively accelerate towards the end of the year on account of the government's fuel subsidy rationalisation plan, utility tariff hikes, and its recent adjustments of the service tax.

Inflation to pick up soon on fiscal consolidation measures after weaker-than-expected March print — economists

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

Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.

PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.

US economic growth slows more than expected in first quarter

KUALA LUMPUR (April 25): The Companies Commission of Malaysia (SSM) expects more companies to utilise the new corporate rehabilitation framework introduced by the Companies (Amendment) Act 2024, which came into force on April 1.

SSM expects more companies to utilise new corporate rehabilitation framework

The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.

Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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EVENING 5: Five things you need to know today

KUALA LUMPUR (April 25): HeiTech Padu Bhd targets&nbsp;stronger earnings growth after returning to profitability for the financial year ending Dec&nbsp;31, 2023 (FY2023), amid greater competition.

HeiTech Padu targets stronger earnings growth after returning to black in 2023

TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the financial quarter ended Feb 29, 2024 (3QFY2024) due to more vessels delivered.

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