Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

<p>Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).</p>


<p>Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.</p>


MBM Resources Bhd
(Aug 21, RM4)
Maintain buy with a target price (TP) of RM4.20: MBM Resources Bhd’s second quarter of financial year 2019 (2QFY19) results were broadly within our expectations, recording stronger core earnings of RM54.3 million (+35.4% year-on-year ...

MBM 2Q earnings broadly within expectations

Enra Group Bhd
(Aug 15, RM1.37)
Maintain hold with a lower fair value of RM1.28: Following an earnings revision, we cut our financial year 2020 (FY20) to FY22 net profit forecasts by 46%, 29% and 34% respectively after factoring in lower revenue and margins for Enra...

Enra’s UK retirement home project seen to start in 3Q

KUALA LUMPUR: An application by Asian International Arbitration Centre (AIAC) director Datuk A Sundra Rajoo, who is facing three counts of criminal breach of trust (CBT), for the courts to determine whether he is entitled to immunity from criminal charges, has been fixed for hearing at the High C...

Hearing for immunity for arbitration centre head fixed for Oct 15

KUALA LUMPUR: Negeri Sembilan-based property developer Matrix Concepts Holdings Bhd has lined up RM1.4 billion worth of new launches for its financial year ending March 31, 2020 (FY20), RM100 million more than the RM1.3 billion it initially targeted in May this year, to support its financial perf...

Matrix Concepts raises launch target to RM1.4b for FY20

KUALA LUMPUR: Sasbadi Holdings Bhd has inked a memorandum of understanding (MoU) with a publication under China’s ministry of education to develop Special Education Teaching Materials to be used in Malaysia and a Situational English Language Learning Programme to be used by learners in China....

Sasbadi ties up with Chinese publisher on education

KUALA LUMPUR: Amway (Malaysia) Holdings Bhd posted a 148% jump in net profit to RM18.49 million for the second quarter ended June 30, 2019 (2QFY19) against RM7.46 million in the same period last year, due to higher sales and lower import costs on the back of favourable foreign exchange impact.

Amway 2Q profit up 148%; group to pay 5 sen dividend

KUALA LUMPUR: Utusan Melayu (M) Bhd, which is on the verge of being delisted from the Main Market after 25 years on Bursa Malaysia, confirmed yesterday that it will raise the price of Utusan Malaysia from RM1.50 to RM2 a copy and Kosmo! from RM1 to RM1.50, to ensure business continuity.

Utusan’s Kosmo! price hike effective from Sunday

Guan Eng: The government expects GDP to expand between 4.5% and 5% this year

2Q FDI rose on sustained economic growth

KUALA LUMPUR: The ministry of human resources (MoHR) has commissioned a comprehensive study to look into the socioeconomic implications that arise from the employment of foreign interns and low-skilled workers, and will prepare a report on the study’s findings by February 2020.

In a sta...

Govt to study impact of foreign interns, low-skilled workers

KUALA LUMPUR: Berjaya Assets Bhd’s (BAssets) net loss widened significantly in the fourth quarter ended June 30, 2019 (4QFY19) to RM83.10 million, from RM30.20 million in the previous corresponding quarter as a result of higher deferred tax provision.

In a bourse filing, the group said ...

The Edge Financial Daily

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