There needs to be better engagement between the creative economy and those who fund it if the arts in Malaysia are to grow in an effective and meaningful way, says Izan Satrina Mohd Sallehuddin, the founder of the Cultural Economy Development Agency (Cendana).

Facilitating conversations between the arts and business

Failure is part and parcel of the entrepreneurial game, but not many entrepreneurs are able to bounce back after they have experienced their first defeat, a case of “once bitten, twice shy”.

Jimmy Lee, co-founder and CEO of Foodie Box Group and an angel investor, is not one of those peo...

Entrepreneurship: The price of integrity, the value of kindness

Here’s a funny farming fable: An officer from the income tax department pays a visit to an old farmer in a rural community. “Show me the list of all your employees and how much you pay them,” he demands.

“There are four employees,” the farmer says. “One is a plant picker and cleaner; he...

Econ 4.0: Why focus on farming?

Vaults. These expansive metal chambers are arguably the most recognisable trope of any self-respecting crime caper. And yet, for all the intrigue their imagery stirs, big screen bank vaults do not exactly inspire a sense of security as they seem to be constantly broken into with unerring ease.

Family Businesses: Safekeeping keepsakes

The future of agriculture will not only involve farmers but technology players as well. This will be essential especially in urban areas, where space is scarce but demand for fresh food is high.

To accelerate this revolution, Sunway Innovation Labs (iLabs) is launching Sunway FutureX Fa...

Agritech: Creating an innovative ecosystem for urban farming

In March, Aemulus Holdings Bhd was at its lowest ebb. The company, which specialises in semiconductor testing equipment, had a problem collecting payments from its customers in China and it was running out of money.

“Back in November 2019, the first thing I told my chief financial offic...

Cover Story: Coming out of the dark

The Musang King durian had its genome sequenced for the first time in 2017. The findings, which also identified the genes responsible for the fruit’s pungent odour, were published in a leading international journal and covered by news portals globally.

The research was done out of Singa...

Cutting Edge: Genome sequencing for all

The potential of artificial intelligence (AI) and machine learning (ML) is endless. Inference Tech Sdn Bhd CEO Izad Che Muda discovered this during his time as chief technology officer of Aerodyne Group, a provider of drone-based enterprise solutions.

This is because at Aerodyne, he was...

AI: Using AI to address worker safety, potholes and prescriptions

The movement control order (MCO) saw a lot of people losing their jobs. The publishing industry was not spared. But what Sean Teoh, the founder and chief executive officer (CEO) of Monster Alliance Bhd (MOPress), realised was that while a lot of companies were moving to digital, publishing platforms were looking for content other than articles.

MOPress to diversify into voice and video content to suit present demand

Fintech firm Juris Technologies (JurisTech) has acquired personal finance company Intelligent Money Sdn Bhd (iMoney) in an effort to develop end-to-end solutions for its enterprise clients.

JurisTech acquires financial comparison site iMoney

Here is an atypical Covid-19 story. After finishing online classes for a bunch of business management students, the professor announced on the day of the exam: “Although I did not see you in person, I believe you attended my online classes regularly, took notes diligently and worked on projects h...

Econ 4.0: What hath Covid-19 wrought?

The once controversial Goods and Services Tax (GST) could be making a return. Multiple sources have informed Enterprise that the tax regime could be announced during the tabling of Budget 2021, slated for November.

“In fact, the reason the announcement was moved from its traditional Oct...

Taxation: GST on the horizon?

Like most companies linked to the tourism industry, Flexiroam Sdn Bhd — a company founded in Malaysia and listed on the Australian Securities Exchange that provides mobile roaming packages for travellers in 150 countries — saw its business decimated in the face of the Covid-19 pandemic, when trav...

Entrepreneurship: Love and connection

In the past, the customising or personalising of products was reserved for high-end luxury brands. Having your name engraved on a journal or lipstick, along with a handmade label, represented prestige and class.

However, general manufacturing costs have gone down due to economies of sca...

Cover Story: Getting personal

KUALA LUMPUR (May 10): The Securities Commission Malaysia (SC) has brought charges against two companies and one individual for offences relating to unlicensed capital market activities.

SC charges Pixelvest, Infinity Trustee and a former director with unlicensed capital market offences

Honda Motor Co forecast another year of record profit on solid demand for hybrids in the US and two wheelers in Asia.

Honda to boost buybacks, sees another record profit on hybrids

(May 10): China is selling more and buying less from Asia, raising the prospect of the mainland exporting deflation to the region, according to economists at Nomura Holdings Inc.

China’s mounting Asia exports increase regional deflation risks — Nomura

Ares Management Corp and Tor Investment Management won a Singaporean court ruling that found an Indonesian borrower in contempt over a US$200 million (RM947.78 million) private credit loan, marking a rare win for direct lenders grappling with legal complexities in Asia.

Private credit lender Ares wins Singaporean court ruling on Indonesia debtor

Global shares rose to one-month highs on Friday while the dollar held steady, giving commodities a boost, after softer US jobs data gave investors confidence that interest rates will start to decline this year.

Stocks enjoy bounce from rate-cut fever 

Speaking at the launch of CIMB Securities, MoF II Datuk Seri Amir Hamzah Azizan said that its participation in the capital market scene will increase the vigour of the Malaysian financial market

NEWS: MOF II: CIMB Securities will add vigour to the market

CIMB Securities, which had its launch today, says that it is targeting “high” single-digit growth in market share by the end of this year

NEWS: CIMB Securities eyes single-digit growth in market share

Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) rose as much as 76 sen or 15.29% to a new record high on Friday, following news a privatisation bid for Great Eastern Holdings Ltd, in which it owns a 1% stake.

Sg Bagan shares jump 15% to record high on Great Eastern privatisation bid

Lim Oon Kuin, founder of collapsed oil firm Hin Leong Trading Pte., has been convicted of three criminal charges after a lengthy trial in Singapore, the Business Times reported.

Singapore’s oil veteran OK Lim convicted of criminal charges

KUALA LUMPUR (May 10): Property developer Paramount Corp Bhd (KL:PARAMON) said on Friday that it has acquired a 21.54% stake in rival Eco World International Bhd (KL:EWINT) for RM170.61 million in cash, to accelerate its overseas expansion and diversification plan.

Paramount acquires 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m, cash

Hong Leong Investment Bank (HLIB) Research has a “trading buy” rating on Genting Bhd (KL:GENTING) at RM4.52 with a target price of RM7.12 and said it continues to like Genting for its well-established operational presence across diverse regions, mitigating regulatory and country risks.

HLIB says Genting is undervalued, target price RM7.12

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were allegedly obtained through misappropriated funds.

1MDB, SRC file fresh civil suit against Rosmah over US$350 mil luxury goods

With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.

No settlement in sight, Semantan Estate’s appeal to resume in September

Shares of MCE Holdings Bhd (KL:MCEHLDG) rose to their highest in at least two decades after the automotive parts manufacturer said Brahmal Vasudevan of private equity firm Creador is its newest substantial shareholder.

MCE Holdings surges to highest in at least two decades

CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.

CIMB Securities eyes single-digit growth in market share by year end

SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.

Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

TA Securities has valued ACE Market-bound Smart Asia Chemical Bhd (SAC) at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 54 sen.

TA Securities values ACE Market-bound Smart Asia Chemical at 54 sen 

KUALA LUMPUR (May 10):&nbsp; <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday. &nbsp;

Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;

Globetronics surges to one-month high as analysts project strong outlook for 2HFY2024

Tan Sri Azam Baki's contract as chief commissioner of the Malaysian Anti-Corruption Commission has been extended for another year, starting&nbsp;this Sunday (May 12).

Azam Baki’s contract as MACC chief commissioner extended for another year

Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.

Malaysia's industrial output grows faster-than-expected in March, official data shows

KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.

Malaysia’s palm oil stocks surge as output jumps despite weak exports

Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.

KLCI seen hovering between 1,600 and 1,610 on Friday

Bank Negara Malaysia (BNM) imposed a RM96,250 compound on Habib Jewels Sdn Bhd for non-compliance with the law on anti-money laundering and counter-terror financing.

BNM slaps Habib Jewels with RM96,250 compound for failing to report suspicious transactions

<h3>Directors’ duties with respect to&nbsp;financial statements</h3>

In 2011, in the case of Australian Securities and Investments Commission v Healy &amp; Ors, the Federal Court of Australia delivered an important ruling and laid down important principles of law on the standard of care for th...

My Say: Court rulings on chairperson’s and directors’ duties raise cautions for holders of these posts

Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) rose as much as 76 sen or 15.29% to a new record high on Friday, following news a privatisation bid for Great Eastern Holdings Ltd, in which it owns a 1% stake.

KUALA LUMPUR (May 10): Bursa Malaysia’s&nbsp;all-time high indicates that measures under the Madani framework are building investor&nbsp;confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.&nbsp;

Bursa’s all-time high indicates Madani Framework is building investor confidence — Amir Hamzah

Phillip Capital has maintained its “buy” rating on Pentamaster Corp Bhd (KL:PENTA) at RM4.44 with a higher target price of RM6.23 (from RM5.65) and said Pentamaster’s first quarter of 2024 (1Q2024) core net profit of RM24 million was in line with its and consensus forecasts.

Phillip Capital raises target price for Pentamaster to RM6.23 

CelcomDigi Bhd has completed 44% of its nationwide network integration and modernisation&nbsp;programme as it modernised over 7,200 sites as at end-April, leading to improved download speeds of 20% to 26% and better signal strength of 13% to 16% in post-consolidation areas.

Enterprise

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