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 prosecution succeeded in its appeal at the Federal Court on Wednesday to forfeit RM1,112,700 from 79 investors involved in an illegal deposit-taking scheme.

Apex court allows forfeiture of RM1.11m belonging to investors of illegal deposit-taking scheme

EVENING 5: Five things you need to know today

The Nasdaq outpaced Wall Street peers on Wednesday, with Tesla leading gains among megacap stocks after its quarterly results, while upbeat earnings reports across other sectors also offered support.

Nasdaq outshines Wall Street peers on tech boost, earnings glee 

BERLIN (April 24): Germany said on Wednesday that it plans to resume cooperation with the United Nations agency for Palestinian refugees (UNRWA), signalling a resumption of funding that was frozen after Israel accused 12 UNRWA staff of participating in the Hamas-led Oct 7, 2023 attack.

Germany signals it will resume funding UN agency for Palestinians

Hasbro reported a smaller-than-expected drop in first-quarter sales and handily beat profit estimates on Wednesday, helped by leaner inventories and steady digital gaming revenue, sending its shares up 12%in early trading.

Toymaker Hasbro's turnaround efforts help first-quarter profit beat

Carlsberg Malaysia’s MD Stefano Clini says that while there might be an impact in the short-term from the price increases for its products, it will work out in the long run.

NEWS: Carlsberg M’sia protects its margins

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)

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Malaysian automotive companies may see earnings decline this year as sales dip and operating costs rise amid the emergence of several Chinese brands offering attractive pricing, analysts cautioned.

M'sian automakers expected to feel pinch from lower sales, higher costs, and rise of Chinese OEMs

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

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

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

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

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 said on Wednesday it had signed two agreements to develop two separate residential projects in Kuala Lumpur worth RM1.08 billion in combined gross development value (GDV).&nbsp;

Chin Hin Group Property to develop two residential projects worth RM1.08 bil

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Tan Sri Muhammad Ikmal Opat Abdullah, founder and controlling shareholder of Widad Group Bhd, has continued to trim his stake in the construction company as well as in IT products and services firm Dataprep Holdings Bhd.

Muhammad Ikmal continues to trim stake in loss-making Widad, Dataprep 

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

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

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

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

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

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

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

Malaysian Pacific Industries Bhd
(March 13, RM6.28)
Maintain buy call with higher target price of RM7.69 from RM6.96: The recent weakness of the ringgit against the US dollar could help to propel MPI’s earnings growth come the release of its third-q...

MPI riding on ringgit weakness

Matrix Concepts Holdings Bhd
(March 13, RM2.88)
Maintain buy with a higher target price of RM3.48 from RM3.36: Matrix Concepts announced its acquisition last Thursday of 79 acres (31.97ha) of freehold agricultural land for a total consideration of R...

Matrix Concepts replenishing Sendayan TechValley land

Telecommunications sector
Maintain neutral: Telecommunication companies (telcos) booked a mixed performance for the December 2014 reporting season, which is typically a seasonal high.

Axiata Group Bhd and Maxis Bhd both underperformed during the quarter, with the...

Mixed performance by telcos

MISC Bhd
(Feb 9, RM7.80)
Maintain buy call and raised sum-of-parts (SoP)-based target price (TP) to RM9.38. MISC posted core earnings of RM1.9 billion, in line with our estimates. Maintain “buy” as we lift our SoP-based TP to RM9.38 (21% upside) from RM8.15, on the ...

FPSO contribution may lift MISC’s earnings further

IOI Corp Bhd
(Jan 23, RM4.74)
Maintain neutral with a higher target price (TP) of RM4.40 from RM4.35: At our recent Asean Corporate Day Conference, investor interest was aplenty for IOI Corp. Topics discussed included expansion plans for its downstream division, its...

Maintain ‘neutral’ recommendation for IOI Corp

Malaysian Aviation
Maintain overweight: The government has announced a visa fee waiver for tourists from China in an attempt to stimulate the tourism industry. It also intends to increase the frequency and duration of mega sales and intensify domestic tour...

Visa fee waiver to boost tourist arrivals

TAS Offshore Bhd
(Jan 19, RM0.745)
Downgrade to neutral with a lower target price (TP) of 81 sen from RM1.42:  For TAS Offshore’s (TAS) first half of financial year 2015 (1HFY15) ending May, revenue surged 62% year-on-year (y-o-y) to reach 45% of our full-year ...

Lower FY15 to FY17 net profit expected for TAS

Felda Global Ventures Holdings Bhd
(Jan 9, RM2.18)
Upgrade to neutral from sell with a lower target price (TP) of RM2.20 from RM2.80: Though we believe FGV’s outlook will remain bleak unless the company is able to boost earnings via earnings-accretive acquisitions a...

No catalysts, but FGV fairly valued

Caring Pharmacy Group Bhd
(Jan 8, RM1.19)
Upgrade to neutral from sell with a target price of RM1.27: We view Caring Pharmacy Group’s commitment to 10 new outlets in 2015 and increasing retail presence vis-à-vis its peers as positive for the long run. We upgrade our...

Caring increasing retail presence with 10 new outlets

Puncak Niaga Holdings Bhd
(Jan 7, RM2.80)
Maintain “buy” with a target price (TP) of RM4.01: Puncak Niaga Holdings’ (Puncak) extraordinary general meeting (EGM) to decide on the proposed disposal of its water assets and operations was to have been held yesterday. Ma...

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