The Toyota Eco Youth (TEY) 2022/2023 edition concluded today on a high note with the Ministry of Education Malaysia (MOE) and UMW Toyota Motor representatives attending the closing ceremony and exhibition at Concorde Hotel, Shah Alam. Themed ‘Championing Mobility’, the TEY programme targeted at secondary school students is among UMW Toyota Motor’s ongoing efforts to cultivate awareness and a sense of responsibility for people and the planet by encouraging the youth to take climate action through the development of sustainable innovations.

Toyota Eco Youth Participants Champion Mobility For All Through Sustainable Innovations

To us, every child is different. At Epsom, we take our responsibility as educators and mentors to nurture and guide each and every child to reach their full potential in their academic journey and beyond.

The Epsom Advantage

Less than a year ago, the global investment environment was awash with positive sentiment.  Technology stocks were the darlings of the fund management industry, and seemingly everyone wanted a piece of premium tech equity. Malaysia’s own stock market was rosy; for a while in the 2017 investm...

The importance of having goals

THE proof of the pudding lies in the eating, so goes the old saying and this is especially true in the case of Universiti Teknologi PETRONAS’ Research, Innovation and Commercialisation (RIC) Unit.

UTP’S RIC rakes in RM109mil in 2022

Inspiration comes in many shapes and forms. For renowned Scotch whisky maker The Macallan, it has consistently raised the bar with new whisky expressions inspired by elements from far beyond the world of Scotch whiskies. Its latest expressions may well be among the most unique as they take inspiration from the world of coffee.

The worlds of coffee and single malt whiskies come together in The Macallan Harmony Collection

If you have been a parent who had to find accommodation in London or elsewhere in the UK in recent months, you would find the competition fierce and rents hitting all time high as demand far outstrips supply.

An Opportunistic UK Property Market Ahead?

Since commencing operations as a construction company in 1974, Low Yat Group has grown in leaps and bounds. The group is popularly known for developing Malaysia's first international hotel, The Federal Hotel in Bukit Bintang, back in 1957 as well as Plaza Low Yat, which was recognised as the country's largest IT lifestyle centre by the Malaysia Book of Records in 2009.

Low Yat Group offers exclusive homes at BTP with Amaya

2022 was an unforgiving year for the markets as the effects of the Covid-19 pandemic lingered, geopolitical tensions reared their head and inflation spiked around the world, followed by an aggressive tightening campaign by the US Federal Reserve and other central banks.

Hop into abundance this Year of the Rabbit

Philip Morris Malaysia (PMM) has redesigned its environmental, social, and governance (ESG) framework recognizing two distinct forms of issues: Those that relate to our products (what we produce), and those related to our business operations (how we produce).

Transforming for good

OCBC Premier Banking aims to deliver banking services through not only conventional platforms but also across a diverse range of digital channels so clients can have the flexibility to choose the way they want to do banking. The multichannel experience marks the beginning of a refreshed suite of OCBC Premier Banking propositions, developed based on insights gained from clients.

The Multichannel Experience of OCBC Premier Banking

Various industry commentators have hailed 5G as a true game changer, one that will transform the way we live and do business. Cloud robotics and autonomous vehicles aside, much of the hype around 5G has centred on mobile connectivity for consumers, with the promise of lightning-fast network speeds at ultra-low latency.

Beyond the hype, here's how 5G will herald a new era of innovative growth for Malaysia

Lo-hei is a fun, festive activity for the Lunar New Year. This vibrant custom involves the communal tossing of ingredients comprising raw fish slices, shredded vegetables and condiments as one hollers auspicious phrases to welcome good fortune.

Holler for good investment fortune this Lunar New Year

With sustainability challenges increasingly confronting the world, Sime Darby Property, which turned 50 last ...

Going Further in the ESG Journey

It is estimated that working Malaysians waste about a million hours a year in traffic jams. That time could have been used more productively, such as spending another hour at work or catching up on social activities. The wasted hours also come at a cost, which economists call an opportunity cost.

Long-awaited Klang Valley expressways cut Malaysians’ time in traffic

Goldman Sachs Group Inc President John Waldron warned that out-of-control spending could expose the US to serious risk in the event of a political crisis.

Goldman’s Waldron sounds alarm over US debt jolt to markets

The head of the International Monetary Fund warned the US that the global economy is closely watching interest rates and industrial policies given the potential spillovers from the world’s biggest economy and reserve currency.

“All eyes are on the US,” Kristalina Georgieva said in an interview on Bloomberg’s Surveillance on Thursday.

IMF boss says ‘all eyes’ on US amid risks to global economy

KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.

Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

Oil prices were broadly steady on Thursday, as investors weighed US sanctions on Venezuela and Iran, and robust US jobs data against the wider backdrop of demand concerns and easing Middle East tensions that had pushed prices 3% lower on Wednesday.

Brent futures LCOc1 were up 10 cents, or 0.11%, to US$87.39 a barrel at 1358 GMT, while US crude futures CLc1 were 26 cents higher, or 0.31%, at US$82.95 a barrel.

Oil steadies as new sanctions interrupt easing tensions

Safe-haven gold gained on Thursday as persistent tensions in the Middle East added to the metal's appeal despite robust economic data from the US that raised prospects of fewer interest rate cuts.

Spot gold firmed 0.8% at US$2,378.53 per ounce at 9.44am ET (1344 GMT). Prices touched an all-time high of US$2,431.29 last Friday.

Gold surges as escalating Middle East tensions bolster demand

New York Federal Reserve President John Williams said on Thursday the strong state of the U economy means there's no pressing case to lower interest rates right now.

"I definitely don't feel urgency to cut interest rates" given the current strength of the economy, Williams said at the Semafor's World Economy Summit in Washington.

Fed's Williams doesn't see urgent need to cut interest rates

Nord Stream's insurers have denied that their policies provide cover for gas pipelines damaged by blasts in 2022 because the damage was caused by war, in their written defence to a lawsuit filed at London's High Court.

Nord Stream is seeking more than 400 million euros (US$427 million) from its insurers over the explosions which ruptured pipelines designed to transport Russian gas to Germany.

Nord Stream insurers deny policies covered war risks in UK lawsuit

In today’s edition of Evening 5: 00:00 Ant International to set up new business centre, create over 500 jobs 01:34 Axiata and India’s Bharti Airtel to combine Sri Lankan ops 02:58 RHB sees more opportunities in sustainable finance 04:39 ACE Market-bound Sin-Kung expects demand for trucking to hold 05:46 Ex-political aide Farhash ceases to be HeiTech Padu substantial shareholder

EVENING 5: Ant International to set up new business centre, creating over 500 jobs

EVENING 5: Five things you need to know today

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia and Batik Air cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiTech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

Amid controversy over govt contracts, Farhash ceases to be HeiTech Padu substantial shareholder after one month

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on Thursday.

MBSB proposes 3.5 sen dividend for FY2023

Digital payment and financial technology provider Ant International is going to establish what it calls a new digital business centre in Malaysia, creating more than 500 job opportunities in the first year, with more hirings in the next four years until 2028.

Ant International to set up new business centre in Malaysia, creating over 500 jobs

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates on June 25

When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.

Israel caught between hitting Iran and heeding allies

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Bursa closes higher on improved sentiment, bargain hunting

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Malaysian Bar: Legal challenge against AG's decision to drop charges against Zahid is not academic

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

KUALA LUMPUR (April 18): IT services firm Systech Bhd said on Thursday that shareholders have approved several proposals, including an acquisition and bonus shares issue.

Systech gets shareholders’ nod for acquisition, bonus shares issue

The concessionaire of the Petaling Jaya Dispersal Link (PJD Link) highway believes the project remains viable and will continue to pursue its realisation.&nbsp;

PJD Link concessionaire says project remains viable, studying realignment

RHB Bank, Malaysia’s fourth-largest bank by assets, said on Thursday it views sustainable financing as presenting more opportunities than challenges, rather than affecting its overall profit from financing activities.

RHB sees opportunities in sustainability finance, aims to provide RM50 bil by 2026

KUALA LUMPUR (April 18): AwanBiru Technology Bhd (Awantec) said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe.

Awantec faces trading suspension from April 26 after failing to submit regularisation plan

After spending over two years in court due to a suit from Empire Holdings Ltd, MAA Group Bhd, its major shareholder Tunku Datuk Yaacob Khyra and Turiya Bhd have been dropped as parties in the suit over MAA’s purchase of Turiya shares from a Bahrain-based bank. &nbsp;

MAA Group exits legal bout over 2021 Turiya share acquisition under settlement deal

KUALA LUMPUR (April 18): Malaysian civil society group Bersih, or the Coalition for Clean and Fair Elections, has slammed the deputy public prosecutor (DPP)’s office, which&nbsp;falls under the&nbsp;Attorney General’s Chambers (AGC), for not objecting to former prime minister Datuk Seri Najib Razak’s application to bar the media from covering his judicial review application, as he sought to be placed under house arrest for the duration of his jail sentence.

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