Four-cornered fight for Kuala Kubu Baharu state constituency — EC

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

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Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

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Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

More to come
...

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Ajinomoto (Malaysia) Bhd
(Aug 14, RM17.48)
Maintain buy with a lower target price (TP) of RM21.80: Ajinomoto (Malaysia) Bhd has announced it had started construction of its new plant and office at the newly acquired land in Techpark@Enstek, Bandar Baru Enstek, Serem...

New plant seen to improve Ajinomoto’s export outlook

Axis Real Estate Investment Trust
(Aug 14, RM1.87)
Maintain buy with a higher target price (TP) of RM2.05: Axis Real Estate Investment Trust (Axis REIT) has announced another acquisition of two assets in Taman Teknologi Nusajaya, Iskandar Puteri, Johor, making up fo...

Defensive, stable earnings growth expected for Axis REIT

Petronas Chemicals Group Bhd
(Aug 14, RM7.31)
Maintain market perform with an unchanged target price (TP) of RM7.70: At 55% and 48% of house and street’s financial year ending 2019 (FY19) estimates, Petronas Chemicals Group Bhd’s (PetChem) first half of FY19 (1HFY19...

Petronas Chemicals 2QFY19 profit within expectations

Petronas Dagangan Bhd
(Aug 14, RM22.88)
Maintain hold with a lower target price (TP) of RM25: We maintain our “hold” recommendation for Petronas Dagangan Bhd (PDB) with a lower TP of RM25. We remain concerned over growth prospects for the industry, particularly for ...

Petronas Dagangan expected to face industry growth challenges

Plantation sector
Maintain neutral: Malaysian palm oil inventories posted a surprise drop in July, bringing the inventory level to its lowest in a year, boosted by stronger-than-expected export demand, while imports halved from the previous month. Meanwhile, palm oil futur...

Upcoming quarterly results for plantation firms seen weak

Malaysia Airports Holdings Bhd
(Aug 14, RM8.33)
Maintain buy with an unchanged target price of RM9.43: July 2019 passenger traffic for Malaysia Airports Holdings Bhd (MAHB) airports (excluding the Istanbul Sabiha Gokcen International Airport [ISGA]) increased by +7....

MAHB seen to maintain passenger growth trajectory

PUTRAJAYA: Two federal ministers raised the issue of the presence of Zakir Naik in Malaysia and statements made by him deemed controversial in the cabinet yesterday and with Prime Minister Tun Dr Mahathir Mohamad.

Communications and Multimedia Minister Gobind Singh Deo and Human Resourc...

Cabinet discusses Zakir Naik’s stay in the country

KUALA LUMPUR: The Malay Chamber of Commerce Malaysia (DPMM) has been suspended by the Registrar of Societies (RoS) over questions surrounding its annual general meeting (AGM).

A representative of the office of DPMM president Rizal Faris Mohideen Abdul Kadir, when contacted, confirmed th...

Malay Chamber of Commerce suspended by RoS over AGM

KUALA LUMPUR: The High Court has agreed to award an additional RM500,000 in exemplary damages — in addition to its deputy registrar’s earlier decision to award RM11.26 million in general damages for loss of revenue — to The Edge Communications Sdn Bhd over the three-month suspension of its public...

Court rejects AGC’s appeal, upholds RM11.26m compensation to The Edge

KUALA LUMPUR: Property developer Country Garden Malaysia yesterday unveiled its first integrated transit-oriented development project — named Lake City @ KL North — here.

The project is set to follow the concept of HOPSCA, which stands for hotel, office, park, shopping mall, connectivit...

The Edge Financial Daily

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The Edge Financial Daily

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