The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

KUALA LUMPUR: Revenue Group Bhd has partnered with Grab Malaysia to enable its in-application (in-app) GrabPay’s mobile QR payment to be made available at all its merchant payment touchpoints.

The ACE Market-listed cashless payment solutions provider said in a statement yesterday that t...

Revenue adds GrabPay to merchant payment touchpoints

CYBERJAYA: Prestariang Bhd, whose independent auditor recently raised concern about its going-concern ability following continued losses and negative cash flow after it lost the RM3.5 billion National Immigration Control System (SKIN) project, wants to put the termination of the project behind it...

Prestariang prepares for reboot post-SKIN termination

The move is part of a revised fee structure okayed by the shareholders

FGV chairman takes 50% pay cut to keep shareholders happy

The benchmark FBM KLCI is expected to recover next year with GLCs bearing fruit

Stronger yuan to make 2020 better year for equities

KUALA LUMPUR: The Malaysian Employers Federation (MEF) said executives will likely see lower salary increases in 2020, while non-executives are expected to see higher pay increments on average, based on the 2019 MEF Salary Surveys for Executives and Non-Executives.

At the launch of the ...

Lower increments for execs in 2020 — MEF surveys

KUALA LUMPUR: Genting Plantations Bhd reported a 23.6% drop in its third-quarter (3QFY19) net profit to RM17.96 million, from RM23.51 million for the corresponding quarter last year, dragged mainly by weaker palm product prices, lower contributions from its property business, and losses in its bi...

Genting Plantations reports 24% drop in 3Q earnings

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) posted a 17.4% year-on-year (y-o-y) rise in net profit for the third quarter ended Sept 30, 2019 to RM197.87 million from RM168.49 million, on the back of higher revenue.

In a filing yesterday, MAHB said revenue for the quarter grew 10...

MAHB posts 17.4% rise in 3Q net profit on the back of higher revenue

The better results were largely due to lower operating expenses, fuel costs

TNB 3Q net profit more than doubles to RM1.2b

KUALA LUMPUR: Mah Sing Group Bhd’s net profit for the third quarter ended Sept 30, 2019 (3QFY19) declined 22% to RM50.02 million from RM64.23 million a year ago on lower revenue from its property development segment.

Revenue decreased 18% during the quarter, citing sales from new projec...

Mah Sing nears RM1.5b sales target but posts lower 3Q earnings

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) reported a net profit of RM688.58 million or 33.65 sen per share for the first fiscal quarter ended Sept 30 (1QFY20), a marginal 2.6% decline from RM706.92 million or 34.55 sen per share for the year-ago quarter.

Revenue came in at RM1.22 billion,...

The Edge Financial Daily

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

The Edge Financial Daily

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌