Axis Real Estate Investment Trust (Axis REIT), which has a dominant position in the industrial/warehousing space, has continued to uphold its status as an investment s...

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: REIT: Axis REIT - Still defensive in face of headwind

D&O Green Technologies Bhd started attracting interest during the first Movement Control Order in March 2020, when fears of the Covid-19 pandemic spread globally.

Highest growth in profit after tax over three years (joint winner): Technology: D&O Green Technologies Bhd - Pushed by green trend into strong growth era

Public Bank Bhd has scored another home run in the RM10 billion and above market capitalisation-financial services category despite prevailing challenges in the operating environment due to the Covid-19 pandemic.

Highest return on equity over three years, Super Big Cap ­— Above RM40 Bil Market Capitalisation: Financial Services — RM10 Bil And Above Market Capitalisation: Public Bank Bhd - Another home run despite challenges

It has been a tough three years for Petronas Chemicals Group Bhd (PetChem), the leading petrochemical group in Southeast Asia. 

The group...

Highest Returns to Shareholders over three years: Super Big Cap — Above RM40 bil market capitalisation: Petronas Chemicals Group Bhd  - Inherent resilience enables it to withstand industry downcycle

It is almost becoming a habit. Johor-based Guan Chong Bhd again takes home two awards at this year’s The Edge Billion Ringgit Club (BRC). The world’s fourth-largest c...

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: Consumer Products & Services: Guan Chong Bhd - Sweet taste of double success

It is difficult to write about local oil-and-gas (O&G) stalwart Dialog Group Bhd and not come across as sounding overly bullish on its prospects.

With...

Highest growth in profit after tax over three years, Highest return on equity over three years: Energy: Dialog Group Bhd - Thriving despite harsh environment

It is certainly not hard to fathom why Kossan Rubber Industries Bhd, one of the big four glove makers in the country, has clinched two The Edge Billion ...

Highest return on equity over three years, Highest growth in profit after tax over three years: Healthcare: Kossan Rubber Industries Bhd - Earnings continue to scale new highs on pandemic-induced demand for gloves

United Plantations Bhd made its debut on The Edge Billion Ringgit Club (BRC) in 2016 when its sustainable initiatives saw it bagging the Best CR Initiatives: ...

Highest return on equity over three years, Highest growth in profit after tax over three years: Plantations: United Plantations Bhd - Highest ROE and profit growth cultivated in Jendarata

While the outbreak of Covid-19 has affected many industries over the past two years, Frontken Corp Bhd has not been fazed by the headwinds brought about by the pandemic, as demand for its services grew amid the push for digitalisation.

Highest growth in profit after tax over three years  (joint winner), Highest Returns to Shareholders over three years: Technology: Frontken Corp Bhd - Riding the digitalisation wave for greater growth

If there is such a thing as a serial winner, Matrix Concepts Holdings Bhd probably fits the bill. The Seremban-based property developer, which has since 20...

Highest return on equity over three years, Highest growth in profit after tax over three years: Property — below RM3 bil market capitalisation: Matrix Concepts Holdings Bhd - The incumbent award winner for a reason

Mega First Corp Bhd is no stranger to The Edge Billion Ringgit Club. This year, the company bags two awards — the highest growth in profit after tax over three years and the highest returns to shareholders over the past three years from 2018 to 2020.

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: Utilities: Mega First Corp Bhd - Bringing in mega profits and returns for shareholders

Despite cut-throat competition, tighter regulation and many other challenges over the last few years, not least of which is the Covid-19 pandemic, Time...

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: Telecommunications & Media: Time dotCom Bhd - Delivering speed, connectivity and stellar returns

MMC Corp Bhd achieved continuous earnings growth in The Edge Billion Ringgit Club’s (BRC) three-year review period between 2018 and 2020. Its revenue, however, was on a reverse trend.

Highest growth in profit after tax over three years: Transportation & Logistics: MMC Corp Bhd - Group with long history taken private

Lingkaran Trans Kota Holdings Bhd (Litrak) has managed to outdo rivals with its solid return on equity (ROE) to shareholders over the last three financial years.

...

Highest return on equity over three years: Transportation & Logistics: Lingkaran Trans Kota Holdings Bhd - Driving premium returns

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

Chin Hin Group Property Bhd on Wednesday announced that troubled developer YNH Property Bhd has appointed it to develop a 6.49-acre plot of land in Segambut, featuring a potential gross development value (GDV) of RM685.1 million.

YNH aborts sale of Segambut land, appoints Chin Hin Group Property to develop it instead

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

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'

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%

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

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 Sepangar 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

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

KUALA LUMPUR (April 24): A meeting with 70 financial fund investors and corporate members at the recently concluded joint investors meeting in London has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Ministry of Finance (MOF).

MOF: Meeting with 70 fund investors highlights Madani govt’s action to spur strategic investments

In today’s edition of Evening 5: 00:00 MYAirline loses licence to operate 01:41 New developments, new board to be announced for DNB 02:59 Fernandes to be CEO of Capital A for five more years 04:09 ACE Market-bound Farm Price eyes Singapore expansion05:33 Suria KLCC shrugs off the competition

EVENING 5: MYAirline runs out of time, loses licence to operate

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

Chin Hin Group Property Bhd on Wednesday announced that troubled developer YNH Property Bhd has appointed it to develop a 6.49-acre plot of land in Segambut, featuring a potential gross development value (GDV) of RM685.1 million.

Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;

Bursa races to two-year high as investors turn bullish

OYO plans to add 100 self-operated hotels in Malaysia in 2024 and will be looking to secure annual to long-term management contracts on a revenue-sharing basis for these properties. This is part of OYO's programme aimed at fostering economic growth in communities via partnerships.&nbsp;

OYO plans to launch 100 self-operated hotels in Malaysia for 2024, with the first in Kota Damansara

The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore, adding to the list of wealthy people seizing buying opportunities during the market lull.

Xiang Yangyang, the daughter of Xiang Guangda, who owns Tsingshan Holding Group Co, the world’s largest nickel and stainless steelmaker, agreed to buy the 2,612 sq m (28,111 sq ft) house in the country’s Bin Tong Park enclave, according to a property record seen by Bloomberg News.

Chinese metal tycoon’s heir buys US$62m Singapore mansion

Mah Sing Group Bhd's land acquisition for its third development in Setapak,&nbsp;Kuala Lumpur, namely M Azura, has become unconditional. The developer has three months to pay the balance purchase price of about RM59 million. The land for M Azura was acquired on Dec 8, 2023 for a total cost of RM74.3 million.

Mah Sing's land acquisition for M Azura has become unconditional

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

Some of the world’s biggest energy trading companies are returning to metals, years after getting burnt in the notoriously difficult markets.

World’s biggest energy traders are returning to metals

KUALA LUMPUR (April 24): Construction outfit Fajarbaru Builder Group Bhd has bagged a RM252.26 million contract from WCT Holdings Bhd to undertake Phase 1 of a two-phase development of two blocks of serviced apartments in Johor Bahru.

Fajarbaru Builder bags RM252m construction job in Johor Bahru from WCT

The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

MB's son among six remanded over document forgery, false claims involving RM600,000

Perlis Menteri Besar&nbsp;Mohd Shukri Ramli confirmed that he knew about his son being arrested by the Malaysian Anti-Corruption Commission (MACC),&nbsp;and will leave it to the authorities to complete their investigation.

Perlis MB knows about son's arrest, leaves it to MACC to investigate

KUALA LUMPUR (April 24): A meeting with 70 financial fund investors and corporate members at the recently concluded joint investors meeting in London&nbsp;has touched on the Madani government’s immediate action to stimulate strategic investment in important technologies, according to the Ministry of Finance (MOF).

KUALA LUMPUR (April 24):&nbsp;Petronas&nbsp;Chemicals Group Bhd&nbsp;is focused on advancing its growth initiatives and strengthening its operational performance, despite the expectation that 2024 will continue&nbsp;to be a challenging year.

Petronas Chemicals to focus on advancing growth initiatives, strengthening operational performance

KLCCP Stapled Group, controlled by national oil and gas company Petroliam Nasional Bhd, said on Wednesday that it is still actively pursuing and exploring opportunities.

KLCCP Stapled Group on active lookout to expand portfolio

Hibiscus Petroleum Bhd said it has completed the drilling of the Bunga Aster-1 exploration well and is expecting its first oil production to begin in May.

Hibiscus Petroleum completes drilling at Bunga Aster-1 well, first oil production set for next month

More than a year since China reopened its borders, some 63% of its residents say they’re ready to return to exploring the world, according to a survey published on Wednesday, which Bloomberg previewed. They plan to venture farther afield than previously, with just 10% spurning international travel altogether— a significant shift from a year ago, when more than half of China’s consumers said they had no plans to go abroad and 31% said they weren’t even interested.

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