Transport Minister Anthony Loke announced that the redevelopment of the Kuala Lumpur Sentral Station (KL Sentral) will begin later this year.

KL Sentral Station redevelopment project to commence by year end — Loke

South Korea's foreign minister Cho Tae-yul will visit China between Monday and Tuesday next week at the invitation of his Chinese counterpart Wang Yi, Seoul's foreign ministry said on Friday.

South Korea's foreign minister to visit China next week

PKR vice-president Nik Nazmi Nik Ahmad has urged PAS secretary-general Datuk Seri Takiyuddin Hassan to refrain from resorting to cheap politics, such as spreading slander about Prime Minister Datuk Seri Anwar Ibrahim in an attempt to woo the people.

Nik Nazmi tells PAS sec-gen to stop resorting to cheap politics 

KUALA LUMPUR (May 10): The Malaysian Anti-Corruption Commission (MACC)said on Friday that the King has consented to the extension of Tan Sri Azam Baki’s contract as chief commissioner at the agency for another one year, beginning May 12, 2024.

More to come
...

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

Britain bounced back strongly from a shallow recession, providing some relief for Prime Minister Rishi Sunak who has so far struggled to deliver on his promise to grow the economy.

UK recession ends with strongest growth since end of lockdown

The Ministry of Education (MOE) is willing to consider proposals from all parties, including the National Union of Teaching Profession (NUTP), to release the 2023 Sijil Pelajaran Malaysia (SPM) results earlier than the scheduled date of May 27.

MOE to consider proposals to release SPM results earlier — Wong

Japan's Honda Motor Co forecast a 2.8% rise in operating profit for this financial year, after it exceeded analysts' estimates in the fourth quarter as strong sales growth in the US offset a decline in China.

Honda sees full-year profit rising 2.8%

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

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

Supermax Corp Bhd’s (KL:SUPERMX) plan to take full control of its loss-making Canadian unit will drag on its balance sheet and income statement, Kenanga Investment Bank flagged.

Supermax's full acquisition of Canadian unit will drag on earnings — Kenanga

As India’s general election nears the halfway mark, falling voter turnout is prompting concerns about voter disengagement in the world’s largest poll.

India’s lower voter turnout raises questions of BJP fatigue

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

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

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

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

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 

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

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

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

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

The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major US indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.

Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

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

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 

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

World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in US weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.

Asia stocks rally on renewed global rate cut optimism

Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year.

Singapore's OCBC posts record 1Q profit, lifts margin guidance for 2024

Apple Inc issued a rare apology for an advertisement touting its latest iPad Pro that upset many creatives and other customers. The company also said it won’t air the ad on television as planned.

Apple apologises for iPad Pro ad, scraps plan to air it on TV

<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

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

Entities are expected to submit a declaration of compliance to the Securities Commission on the Guidelines on Technology Risk Management (GTRM) by the first quarter of 2025, as part of the regulator's commitment to promote cyber hygiene practices.

Entities to submit compliance declaration on SC's Technology Risk Management Guidelines by 1Q 2025

KUALA LUMPUR (May 10): The Malaysian Anti-Corruption Commission (MACC)said on Friday that the King has consented to the extension of Tan Sri Azam Baki’s contract as chief commissioner at the agency for another one year, beginning May 12, 2024.

More to come...

KUALA LUMPUR: Crest Builder Holdings Bhd's subsidiary Crest Builder Sdn Bhd (CBSB) has bagged a RM155.1 million contract for the construction of a proposed plaza within a Kelana Jaya mixed commercial development in Jalan SS7/13A in Petaling Jaya.

In a filing with Bursa Malaysia yesterda...

Crest Builder secures RM155.1m contract from Glomac Segar

KUALA LUMPUR: Puncak Niaga Holdings Bhd has appointed Datuk Abdul Jalil Abdul Karim as its new managing director effective immediately.

Abdul Jalil, 55, takes over the reins from Datuk Zainal Abidin Salleh, who resigned due to health reasons. Abdul Jalil was previously the chief executi...

Puncak Niaga appoints ex-Merge Energy CEO as new managing director

KUALA LUMPUR: Advancecon Holdings Bhd has bagged two contracts worth a combined value of RM50.49 million for subcontract works in Sarawak and Seremban.

In a filing with Bursa Malaysia yesterday, Advancecon said its unit Advancecon Infra Sdn Bhd (AISB) had accepted a letter of award (LoA...

Advancecon bags RM50.5m worth of jobs

KUALA LUMPUR: Seremban Engineering Bhd's (SEB) new controlling shareholder MIE Industrial Sdn Bhd has raised its stake in the company to 72.67% or 57.9 million shares, from 69.72%, after the close of a mandatory general offer (MGO).

According to a filing to Bursa Malaysia, UOB Kay Hian ...

MIE owns 72.7% in Seremban Engineering at close of MGO

KUALA LUMPUR: GD Express Carrier Bhd (GDEX), which has been on the hunt for a last mile delivery partner in Vietnam for the past three years, is taking up a 50% stake in Vietnamese courier and logistics service provider, Noi Bai Express and Trading Joint Stock company (Netco), for 76.73 billion d...

GDEX takes up 50% stake in Vietnamese logistics player

KUALA LUMPUR: LPI Capital Bhd's net profit fell 4.35% year-on-year (y-o-y) to RM87.82 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM91.81 million, mainly due to higher claims incurred and lower interest income received. The weaker earnings came despite higher revenue achieved.<...

LPI's 3Q net profit slips on higher claims, lower interest income

PUTRAJAYA: Lawmaker Tony Pua yesterday succeeded in setting aside the injunction imposed on him by Datuk Seri Najib Razak in a suit filed by the former prime minister (PM) against the DAP politician in relation to 1Malaysia Development Bhd (1MDB) and the proposed amendment to the Syariah Courts (...

Ex-PM's suit stays withdrawn, but Pua entitled to damages

PUTRAJAYA: Former premier Datuk Seri Najib Razak and lawyer Tan Sri Muhammad Shafee Abdullah (pic) have been allowed to continue challenging the appointment of former Federal Court judge Datuk Seri Gopal Sri Ram as the prosecutor in their cases in the High Court.

A three-member Federal ...

Najib, Shafee can continue challenging Sri Ram's appointment as prosecutor

KUALA LUMPUR: The oil royalty will be given in cash payment form to oil-producing states such as Kelantan, Terengganu, Sabah and Sarawak, said Economic Affairs Minister Datuk Seri Mohamed Azmin Ali.

Petroliam Nasional Bhd (Petronas) will first pay the royalty to the ministry of finance,...

Azmin: Oil royalty to be given in cash payment form

KUALA LUMPUR: The government is conducting a study on the petrol subsidy mechanism for the middle 40% (M40) income group, with the outcome paving the way for the M40's inclusion in the government's targeted fuel subsidy programme (PSP).

"For the M40, it will be ready by March 2020, and ...

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