Business

The Edge Markets:

EVENING 5: Five things you need to know today

EVENING 5: US ban shakes Supermax Dirty dealings.

Malay Mail:

American Airlines bullish on holidays after Delta variant hit

NEW YORK, Oct 21 — American Airlines said today that the latest surge in Covid-19 hit profitability in the latest quarter, but that it was bullish on the upcoming holiday season.

The Star:

ViTrox posts RM42mil profit in Q3

KUALA LUMPUR (Bernama) -- ViTrox Corp Bhd’s net profit for the third quarter ended Sept 30, 2021 (Q3 2021) rose to RM42.2 million from RM29.7 million in the same quarter last year.

The Star:

Bursa Malaysia publicly reprimands London Biscuits, fines ex-CEO

KUALA LUMPUR (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded London Biscuits Bhd (in liquidation) and its former chief executive officer (CEO) and executive director (ED) Datuk Seri Liew Yew Chung for contravening the exchange’s Main Market listing requirements (Main LRs).

The Edge Markets:

Covid-19 hospital admissions in Selangor and Putrajaya rise after interstate...

KUALA LUMPUR (Oct 21): Public hospitals as well as quarantine and low-risk treatment centres in Selangor and Putrajaya are seeing more Covid-19 admissions after the lifting of the interstate travel ba...

The Edge Markets:

CapitaLand's 3Q NPI more than halved to RM18.57m, dragged by lockdown

KUALA LUMPUR (Oct 21): CapitaLand Malaysia Trust (CLMT) (formerly known as Capitaland Malaysia Mall Trust) saw its net property income (NPI) for the third quarter ended Sept 30, 2021 (3QFY21) contract...

The Edge Markets:

Govt looking at project cooperation opportunities in Afghanistan's...

KUALA LUMPUR (Oct 21): The Government is looking at cooperation opportunities with some countries including in infrastructure development and capacity building in the reconstruction of Afghanistan.

The Edge Markets:

Malaysia studying UAE's foreign worker salary payment system

PUTRAJAYA (Oct 21): The foreign worker salary payment system implemented in the United Arab Emirates (UAE) is one of the systems that Malaysia is studying to improve the management of foreign workers ...

The Star:

KPS units Aqua-Flo bags RM91.6mil Air Selangor water chemical supply job

KUALA LUMPUR (Bernama) -- Kumpulan Peransang Selangor Bhd’s (KPS) subsidiary Aqua-Flo Sdn Bhd has secured a supply contract worth RM91.6 million from Pengurusan Air Selangor Sdn Bhd (Air Selangor) for supply, transport, and deliver water chemicals to water treatment locations.

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The Edge Markets:

CEO Abdul Karim disposes of entire holding of Serba Dinamik warrants

KUALA LUMPUR (Oct 21): Serba Dinamik Holdings Bhd group managing director and chief executive officer (CEO) Datuk Dr Mohd Abdul Karim Abdullah disposed of his entire holding of 55.9 million of the gro...

The Edge Markets:

Kossan 3Q earnings plunge 50% q-o-q to RM528m

KUALA LUMPUR (Oct 21): Kossan Rubber Industries Bhd's net profit plunged 50.4% to RM528.2 million for the third quarter ended Sept 30, 2021 (3QFY21), from RM1.06 billion in 2QFY21, on the back of lo...

The Edge Markets:

Anti-vaxxers will not enjoy same freedom as fully vaccinated, Dewan Negara told

KUALA LUMPUR (Oct 21): The Ministry of Health (MoH) has taken the approach of not allowing anti-vaccine groups to enjoy certain freedoms given to fully vaccinated individuals, the Dewan Negara was tol...

The Star:

KLK extends IJM Plantations MGO to Nov 18

KUALA LUMPUR: Planter Kuala Lumpur Kepong Bhd (KLK) has extended the deadline for minority shareholders in IJM Plantations Bhd to accept its takeover offer to Nov 18.

The Star:

Supermax seeks details from US over forced labour allegations

KUALA LUMPUR, Oct 21 (Bernama) -- Supermax Corporation Bhd’s representatives in the United States are currently in touch in the US Customs and Border Protection (CBP) to obtain more clarity and information on the Withhold Release Order (WRO) issued and the required measures going forward.

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The Edge Markets:

Khairy: Fully vaccinated Sinovac recipients to get booster shots of Pfizer...

KUALA LUMPUR (Oct 21): The Ministry of Health (MoH) has decided to administer Covid-19 vaccine booster shots to individuals who have completed two-dose vaccinations of Sinovac vaccine at least three m...

The Edge Markets:

Willowglen bags RM5.84m contract for installation of security, communications...

KUALA LUMPUR (Oct 21): Willowglen MSC Bhd's wholly-owned subsidiary Willowglen Services Pte Ltd has been awarded a RM5.84 million contract for works relating to the installation of a public address em...

The Edge Markets:

KLCI retraces gains on profit-taking, news of US crackdown on Supermax

KUALA LUMPUR (Oct 21): The FBM KLCI on Thursday retraced gains over the last three sessions on profit taking, with investor sentiment also hit by news of the US crackdown on glove maker Supermax Corp ...

The Edge Markets:

Govt studying best mechanism to implement digital economy tax — deputy minister

KUALA LUMPUR (Oct 21): The government is studying the mechanisms to implement taxation on digital economy businesses that have recorded billions of ringgit in profit in the country.

The Edge Markets:

Jaycorp announces 1-for-1 bonus issue

KUALA LUMPUR (Oct 21): Jaycorp Bhd has proposed to undertake a bonus issue of 137.25 million new shares on the basis of one bonus share for every one share held.

The Edge Markets:

Pantech’s 2Q net profit rises 42.76% to RM15m, declares one sen dividend

KUALA LUMPUR (Oct 21): Pantech Group Holdings Bhd’s net profit rose 42.76% to RM15.31 million for the second quarter ended Aug 31, 2021 (2QFY22), from RM10.72 million a year ago, mainly due to optim...

The Edge Markets:

Vitrox’s 3Q net profit gains 42% to RM42m, in tandem with revenue increase

KUALA LUMPUR (Oct 21): Vitrox Corporation Bhd saw its net profit for the third quarter ended Sept 30, 2021 (3QFY21) increased by 42% to RM42.21 million from RM29.71 million in the previous year.

Malay Mail:

Ringgit continues to close higher against US dollar

KUALA LUMPUR, Oct 21 — The ringgit continued to close higher against the US dollar as it has been experiencing correction and very much aligned with the overbought condition as signalled by the tech...

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Malay Mail:

Evergrande shares plunge on market return as deal falls through

BEIJING, Oct 21 — Chinese property giant Evergrande’s shares plunged today after resuming trading in Hong Kong, with the failure of a unit sale deal deepening fears the indebted firm will collaps...

Malay Mail:

Sime Darby Plantation to develop two new biogas power plants with Cenergi

KUALA LUMPUR, Oct 21 — Sime Darby Plantation Bhd’s (SDP) subsidiary SDP Renewable Energy Sdn Bhd (SDPRE) plans to develop two new biogas power plants with the largest grid-connected Palm Oil Mill ...

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The Star:

Profit taking weighs on Bursa

KUALA LUMPUR, Oct 21 (Bernama) -- Bursa Malaysia closed lower today on profit-taking in most index-linked counters led by stocks in the FBM Ace, healthcare and telecommunications, analysts said.

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The Edge Markets:

CIMB seeking better Indonesia deal with AIA Group, Sun Life — sources

(Oct 21): CIMB Group Holdings Bhd is considering renegotiating terms of its bancassurance partnerships in Indonesia, according to people familiar with the matter, amid increasing interest from insurer...

The Edge Markets:

Supermax volume spikes to highest in five months as price plunges on US...

Supermax volume spikes to highest in five months as price plunges on US withhold release order

The Edge Markets:

Lotte Chemical Titan to proceed with Indonesian project as economies open up

KUALA LUMPUR (Oct 21): Lotte Chemical Titan Holding Bhd (LCT) has decided to proceed with the construction of an RM18 billion integrated petrochemical project in Indonesia, in view of the increase in ...

The Edge Markets:

Senate members can now wear batik shirts on Thursdays

KUALA LUMPUR (Oct 21): The Dewan Negara has allowed all members of the Senate and officials to wear batik shirts on Thursdays, announced its President Tan Sri Dr Rais Yatim.

The Edge Markets:

Bursa says no immediate plans to launch cryptocurrency-based derivatives...

KUALA LUMPUR (Oct 21): Bursa Malaysia Bhd said on Thursday (Oct 21) the bourse regulator and operator does not have any immediate plans to launch cryptocurrency-based derivatives products.

The Edge Markets:

Criminal proceedings against lawyer Sreesanthan dropped after settlement...

KUALA LUMPUR (Oct 21): The Securities Commission Malaysia (SC) said lawyer Datuk Sreesanthan Eliathamby has agreed to pay RM900,000 disgorgement of profits as part of a regulatory settlement agreement...

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The Edge Markets:

No meeting on dissolution of Sarawak state assembly — Chief Minister's Office

KUCHING (Oct 21): No meeting will be called by Sarawak Chief Minister Datuk Patinggi Abang Johari Tun Openg on the dissolution of the Sarawak State Legislative Assembly on Thursday (Oct 21) or Friday...

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The Edge Markets:

Johor Ruler briefed on Pulau Batu Puteh issue

JOHOR BARU (Oct 21): Sultan of Johor Sultan Ibrahim Sultan Iskandar on Thursday (Oct 21) granted an audience to Minister in the Prime Minister's Department (Parliament and Law) Datuk Seri Dr Wan Junai...

The Edge Markets:

Nov 26 fixed for decision on Puad Zarkashi’s bid to set aside Muhyiddin’s...

KUALA LUMPUR (Oct 21): The High Court has fixed Nov 26 to deliver its decision on Umno Supreme Council member Datuk Dr Mohd Puad Zarkashi’s bid to set aside the interim injunction obtained against h...

The Edge Markets:

88% of developers continued to face end-financing issues in 1H21 — REHDA

KUALA LUMPUR (Oct 21): About 88% of developers polled by the Real Estate and Housing Developers’ Association Malaysia (REHDA) said they continued to face end-financing issues in the first half of ...

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Malay Mail:

Bursa Malaysia remains in the red at mid-afternoon

KUALA LUMPUR, Oct 21 — Bursa Malaysia remained in the negative territory at mid-afternoon due to persistent selling in selected blue chips, led by telco, healthcare and finance-linked counters.

Malay Mail:

Digi.com posts lower Q3 profit of RM312.82m

KUALA LUMPUR, Oct 21 — Digi.com Bhd registered a lower net profit of RM312.82 million in the third quarter (Q3) ended Sept 30, 2021, compared with RM320.76 million a year earlier mainly due to highe...

The Edge Markets:

PNB committed to raising financial literacy via Minggu Saham Digital

KUALA LUMPUR (Oct 21): Permodalan Nasional Bhd (PNB) president and group chief executive Ahmad Zulqarnain Onn said on Thursday (Oct 21) the Malaysian government-owned fund management entity's focus on...

The Edge Markets:

Material and labour cost tops list of factors affecting developers' cash flow...

KUALA LUMPUR (Oct 21): Developers have cited material and labour as the top cost component that affected their cash flow in the first half of 2021 (1H21), according to the Real Estate & Housing Develo...

The Edge Markets:

US import ban expected to have significant impact on Supermax's earnings, say...

KUALA LUMPUR (Oct 21): The US Customs and Border Protection's (CBP) move to ban imports from glove maker Supermax Corp Bhd over alleged forced labour at the company is expected to have a significant i...

The Edge Markets:

Construction group Ageson to sell portion of industrial land in Perak for RM279m

KUALA LUMPUR (Oct 21): Construction company Ageson Bhd is selling a piece of industrial land measuring approximately 168 acres in Batang Padang, Perak for a purchase consideration of RM278.78 million.

The Star:

Supermax shares fall to low of RM2 over alleged labour abuses

KUALA LUMPUR: Share price of Supermax Corporation Bhd fell to a low of RM2 -- lowest since May 2020 during the onset of the Covid-19 pandemic -- on Thursday on news the United States has barred imports.

The Star:

Oil falls as investors take profits, but fuel switching caps losses

TOKYO: Oil prices fell on Thursday as some investors scooped up profits from the recent rally, though solid demand in the United States and a switch to fuel oil from coal and gas amid surging prices capped losses.

The Star:

Birkin bag maker Hermes shrugs off China slowdown, sales beat forecasts

PARIS: Sales at Birkin bag maker Hermes grew by 31% in the third quarter, beating market expectations even as the pace of the rebound from the fallout of the coronavirus pandemic slowed down from the previous three months.

The Edge Markets:

Rosmah's Solar Trial: Targeted from all sides, Rosmah cries ‘scapegoat’

WITH her back seemingly against the wall, Datin Seri Rosmah Mansor last week asserted that several prosecution witnesses were making her the “fall guy” in a bid to hide their own transgressions in...

The Edge Markets:

Cover Story: Record container rates keep the good times rolling for logistics...

RIDING the wave of rising container shipping rates, local integrated logistics service providers have seen year-on-year (y-o-y) improvement in profitability in the past year.

The Edge Markets:

Malaysia’s new Covid-19 cases rise to 6,210 on Oct 21

KUALA LUMPUR (Oct 21): Malaysia’s new Covid-19 cases rose to 6,210 on Oct 21 (Thursday) — up 12.58% from 5,516 infections reported on Wednesday — after staying below the 6,000 mark for three con...

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The Edge Markets:

REHDA: Developers more optimistic about outlook for property industry in 1H22

KUALA LUMPUR (Oct 21): Malaysian developers showed increased optimism about the outlook for the property industry and economic environment in the first half of 2022 (1H22), according to the Real Estat...

The Edge Markets:

High Court allows prosecution to start impeachment bid on Rosmah

KUALA LUMPUR (Oct 21): The High Court on Thursday (Oct 21) allowed the prosecution to commence impeachment proceedings against Datin Seri Rosmah Mansor, which will see them using her statement to the ...

The Edge Markets:

CIMB Thai's 9MFY21 net profit rises 16% y-o-y on lower operating expenses,...

KUALA LUMPUR (Oct 21): CIMB Group Holdings Bhd’s 94.8%-owned subsidiary CIMB Thai Bank PCL saw its net profit rise 16.4% year-on-year (y-o-y) for the nine-month period ended Sept 30, 2021 (9MFY21) t...

The Edge Markets:

ASEAN should rethink non-interference policy amid Myanmar crisis, Saifuddin says

KUALA LUMPUR (Oct 21): The Association of Southeast Asian Nations (ASEAN) should rethink its decades-long policy of non-interference in the affairs of member states, amid a worsening human rights cris...

Malay Mail:

IGB unit sells 50pc stake in UK-based real estate firm for £104.4m

KUALA LUMPUR, Oct 21 — IGB Bhd’s indirect wholly-owned unit, Verokey Sdn Bhd, has sold its entire 50 per cent stake and shareholder debt in the UK-based Black Pearl Ltd (BPL) to HNG Blackfriars 1...

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The Star:

Thai PTT Global Chemical plans US$22b investment by 2050 to decarbonise

BANGKOK: Thai chemical firm, PTT Global Chemical Pcl on Thursday said it plans to invest over $22 billion in the next three decades to achieve net zero carbon emissions by 2050.

The Star:

Australia shares end almost flat as Evergrande worries weigh on miners

AUSTRALIAN shares closed little changed on Thursday as the lifting of restrictions in Melbourne later in the night helped investor sentiment and offset worries about China Evergrande Group's potential debt default.

The Star:

Digi posts 3Q net profit of RM312.8m, dividend 4 sen a share

KUALA LUMPUR: Digi.com Bhd delivered a resilient third quarter ended Sept 30, 2021 with improved net profit at RM312.81mil on a quarter-on-quarter basis.

The Star:

Mnuchin is investing in blockchain – not crypto

WASHINGTON: Former United States Treasury Secretary Steven Mnuchin said at the Milken Institute Global Conference that he’s investing in blockchain companies but not cryptocurrencies.

The Edge Markets:

Cover Story: Regulatory uncertainties clogging up economic arteries

Latest 51% bumiputera equity requirement adds to the uncertainty COUNTRIES are increasingly investing heavily in logistical infrastructure to provide public services, beef up national defence and faci...

The Edge Markets:

MALAYSIAN-MADE FACE MASK BRAND - EMPRO TO INCREASE PRODUCTION RATES AFTER BEING...

As the leading Malaysia-based surgical face mask manufacturer, EMPRO becomes the first face mask brand in Southeast Asia to ace the Viral Filtration Efficiency (VFE) test by world-renowned German expe...

The Edge Markets:

Ancom, Nylex, TH Plantations, Bina Darulaman, Opensys, SKB Shutters

KUALA LUMPUR (Oct 21): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Thursday.

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The Edge Markets:

Digi.Com 3Q net profit down at RM313m from RM321m a year earlier

KUALA LUMPUR (Oct 21): Digi.Com Bhd reported on Thursday that third quarter net profit fell to RM312.82 million from RM320.76 million a year earlier despite a rise in the mobile telecommunication netw...

The Edge Markets:

Renewed optimism on earnings recovery expected to attract interest towards...

KUALA LUMPUR (Oct 21): The renewed optimism on the prospects of an earnings recovery as broader economic reopening commenced, alongside policy clarity and various domestic reform initiatives, is expec...

The Star:

CIMB Thai posts improved 9M21 net profit of THB1.71bil

KUALA LUMPUR: CIMB Thai Bank PLC recorded a net profit of THB1.71bil (RM212.65mil) in the nine months ended Sept 30, 2021, a 16.4% year-on-year (y-o-y) increase over the previous corresponding period due to better cost control.

The Star:

China stocks rise as property and coal shares boost; HK down

SHANGHAI: China stocks rose on Thursday as property and coal shares rebounded, after assurances from officials eased worries over the real estate sector.

The Edge Markets:

Bursa Malaysia remains lower at midday

KUALA LUMPUR (Oct 21): Bursa Malaysia remained lower at midday on Thursday as profit-taking accelerated in most index-linked counters, led by the healthcare and small-capitalisation stocks, analysts s...

The Edge Markets:

National Disaster Risk Reduction Policy to strengthen nation's preparedness...

KUALA LUMPUR (Oct 21): The National Disaster Risk Reduction Policy being formulated by the National Disaster Management Agency (NADMA) can strengthen management and intensify the nation's disaster ris...

The Edge Markets:

Research firms positive on TNB's RE expansion in UK

KUALA LUMPUR (Oct 21): Tenaga Nasional Bhd’s (TNB) move to expand its renewable energy (RE) portfolio has received a positive response from research houses.

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The Edge Markets:

A wise ruler needs no additional power — Sultan Nazrin

KUALA LUMPUR (Oct 21): Deputy Yang di-Pertuan Agong Sultan Nazrin Muizzuddin Shah on Thursday said a wise ruler does not need any additional power if the three rights of a Constitutional Monarch are h...

The Edge Markets:

Malaysia must seize digital transformation opportunities, says Mustapa

KUALA LUMPUR (Oct 21): Malaysia must seize digital transformation opportunities, as not only are they critical for the nation’s economic recovery efforts, but they also enhance the country's future ...

The Star:

China Evergrande secures extension on defaulted US$260m bond

HONG KONG/SHANGHAI: China Evergrande Group has secured an extension on a defaulted bond, financial provider REDD reported on Thursday, offering rare respite to the developer a day after a deal to sell...

The Star:

Singapore charges two people for corrupt marine fuel trading practices

SINGAPORE, Oct 21 (Reuters) - Singapore authorities have charged two individuals for alleged corruption in relation to the trade and supply of marine fuels, the Corrupt Practices Investigation Bureau (CPIB) said in a statement.

The Star:

Rehda: Govt intervention crucial if material cost problem serious

KUALA LUMPUR: Government intervention may be necessary if the material cost problem is prolonged and becomes too serious, said the Real Estate and Housing Developers' Association Malaysia (REHDA).

The Star:

FBM KLCI slips below 1,600 as bank weigh

KUALA LUMPUR: The FBM KLCI slid just below the 1,600 psychological support as it entered midday amid profit-taking activity following the recent rally.

The Star:

CIMB to provide property financing to Juwai IQI customers in Malaysia

KUALA LUMPUR: CIMB Bank Bhd and CIMB Islamic Bank Bhd have teamed up with Juwai IQI, Asia’s largest proptech group, to provide property financing to the latter’s customers in Malaysia.

The Edge Markets:

Stethoscope: Tackling urban poverty in Malaysia

The ability to eradicate poverty is the single biggest predictor of good health.

The Edge Markets:

Najib, Nazifuddin granted interim stay of execution in tax arrears suit

PUTRAJAYA (Oct 21): Datuk Seri Najib Tun Razak and his son Datuk Mohd Nazifuddin were granted an interim stay of execution pending their bid for leave to appeal at the Federal Court against the summar...

The Edge Markets:

Swiss Watch’s Art of Time returns to KL in time for economic reopening

KUALA LUMPUR (Oct 21): Swiss Watch’s signature timepiece event Art of Time has returned to Pavilion Kuala Lumpur for its seventh edition to enthrall Malaysian watch lovers once again.

The Edge Markets:

KAF Equities raises target price for Ipmuda to RM2.32

KUALA LUMPUR (Oct 21): KAF Equities Sdn Bhd has maintained its "buy" rating of Ipmuda Bhd at RM1.55, with a higher target price of RM2.32 (from RM1.60), following the completion of the disposal of lan...

The Star:

Etiqa General Insurance wins top motor insurance award

KUALA LUMPUR: Etiqa General Insurance Bhd took the top award at this year’s Motor Insurance Award 2021/22, an annual honour accorded to top motor insurance companies in the country.

The Edge Markets:

MoH ramping up surveillance as Klang Valley and Sarawak hospital admissions...

KUALA LUMPUR (Oct 21): COVIDNOW data showed that hospital admissions in the Klang Valley and Sarawak increased over the last seven days, Health Minister Khairy Jamaluddin highlighted on Thursday (O...

The Edge Markets:

IGB Bhd subsidiary sells 50% stake in property investment firm for nearly RM600m

The Edge Markets:

Malaysia's consumer spending to begin recovery in 2022, says Fitch

KUALA LUMPUR (Oct 21): Fitch Solutions Country Risk & Industry Research has forecast household spending in Malaysia to grow by a real rate of 5.1% over 2022 as consumers recover from two years of co...

Malay Mail:

Ringgit opens higher on strong performance of commodities

KUALA LUMPUR, Oct 21 — The ringgit opened higher on Thursday, buoyed by the positive sentiment following the strong commodities performance.

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The Star:

Trading ideas: Tenaga, Pestech, Bintai Kinden, Daya and SKB

KUALA LUMPUR: Tenaga Nasional, Pestech, Bintai Kinden, Daya Materials and SKB Shutters are among the stocks which could see trading interest after the overnight corporate news, JF Apex Research says.

The Star:

Trafigura plays key role in draining LME copper inventories

LONDON: Trafigura Group withdrew a significant proportion of copper that’s been pulled from London Metal Exchange (LME) warehouses, contributing to wild swings in prices, according to sources.

The Star:

Lower-income Americans opt out of holiday spending

NEW YORK: This Christmas season will be marked by a growing divide between high and low earners, according to a study from Deloitte LLP.

The Star:

CEO boosts JPMorgan wealth advisers’ pay

LONDON: Jamie Dimon had a pair of surprises when he dialled into a conference call with a group of JPMorgan Chase & Co’s wealth advisers: He was at Windsor Castle, and oh, he’s boosting their compensation.

The Star:

UK industries from food to trucking warn of inflation pressures

LONDON: UK industries from hospitality to haulage are facing double-digit inflation pressures as the supply-chain crisis in the country escalates.

The Star:

Canadian National Railway CEO to retire amid pressure

MONTREAL: Canadian National Railway Co (CN) said chief executive officer Jean-Jacques Ruest plans to retire by the end of January, handing an apparent victory to a major shareholder that had been pressuring him to step down.

The Star:

Opec+ role to ease natural-gas crisis limited

RIYADH: Saudi Arabia says any extra oil from the Organisation of the Petroleum Exporting Countries (OPEC+) cartel would do little to bring down surging natural gas prices.

The Star:

Gucci growth slows on virus restrictions

NEW YORK: Gucci’s sales growth slowed in the third quarter after the coronavirus resurged in parts of Asia, putting more pressure on the label’s new collection to deliver a strong holiday season.

The Star:

Japan exports hit by supply snags

TOKYO: Supply chain snags crimping global trade weighed on Japan’s exports last month as auto shipments plunged, weakening a key pillar of the country’s economic recovery.

The Edge Markets:

Bursa opens higher but retreats thereafter

KUALA LUMPUR (Oct 21): Bursa Malaysia opened higher on Thursday (Oct 21) but retreated thereafter as profit taking emerged for selected heavyweights following recent gains, dealers said.

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The Edge Markets:

94.2% of Malaysian adults fully vaccinated against Covid-19 as of Oct 20

KUALA LUMPUR (Oct 21): A total of 22,047,448 individuals or 94.2% of the adult population of the country had completed their Covid-19 vaccination as of Wednesday (Oct 20), according to the Minist...

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The Star:

FBM KLCI pauses on mild profit-taking

KUALA LUMPUR: Barring a slight dip in early morning trade, the FBM KLCI held firm to its recent gains amid the ongoing positive investor sentiment over the economy and commodity prices.

The Star:

Another developer defaults amid Evergrande contagion

BEIJING: Sinic Holdings Group Co became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc will meet overdue interest payments on dollar bonds this week.

The Star:

CDPQ to return to euro issuance after decade-long absence

OTTAWA: Caisse de Depot et Placement du Quebec (CDPQ) last week sold its first Canadian dollar bond in a decade. Now it’s looking to establish itself as a regular issuer in the euro market.

The Star:

J&J wants talc suits on hold after bankruptcy filing

NEW JERSEY: Johnson & Johnson (J&J) wants a bankruptcy judge to immediately halt all lawsuits targeting the company over its talc-based powders in the wake of its controversial decision to put a newly created unit into bankruptcy to deal with the litigation.

The Star:

Gas squeeze has India requesting expensive LNG

NEW DELHI: The global energy shortage has prompted India to ask Qatar, the world’s biggest supplier of liquefied natural gas (LNG), for around 50 cargoes it deemed too expensive six years ago.

The Star:

Falling home prices in China add strain on economy

BEIJING: China’s home prices fell for the first time in six years in September, the latest sign that a deepening property slump is slowing the world’s second-largest economy.

The Star:

Currency surge risk derailing growth

BEIJING: China’s central bank set the reference rate for the yuan at a weaker-than-expected level as the currency’s surge threatens to derail growth in the world’s second-largest economy. It also boosted short-term liquidity.

The Star:

Strategic tie-up set to boost Inari’s revenue stream

PETALING JAYA: Inari Amerton Bhd is set to further expand its operations in China and boost revenue stream, given its latest strategic partnership with a venture capital group there.

The Star:

Major coal miners to boost output, cap prices

BEIJING: Some of China’s major coal producers have vowed to cap thermal coal prices this winter and next spring, after the government asked state-backed firms to ensure stable coal and power supply “regardless of costs”.

The Star:

Ranhill to grow clean energy capacity for LSS5 auction

PETALING JAYA: Ranhill Utilities Bhd appears to be putting more emphasis on growing its renewable energy (RE) portfolio, moving forward.

The Star:

China refiners may turn to Russia and Iran oil

BEIJING: China’s independent refiners are set for crude buying frenzy as they seek to use import quotas before they expire in less than three months.

The Star:

SoftBank weighs stake in Ampere, values firm at US$8bil

TOKYO: SoftBank Group Corp has held talks with Ampere Computing LLC about investing in the maker of server-computer processors, an attempt to diversify its bet on the booming chip sector, according to sources.

The Star:

Thai AirAsia parent seeks to raise US$540mil in fresh capital

BANGKOK: Asia Aviation Pcl, the operator of Thailand’s biggest budget carrier Thai AirAsia Co, plans to raise as much as 17.9 billion baht (US$535mil or RM2.23bil) from new loans, share sales and convertible-debt offerings as it attempts to restock coffers depleted by the worst crisis in aviation history.

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The Star:

Viet PM pledges economy will rebound from Covid-19

HANOI: Vietnam’s exports are likely to rise 10.7% in 2021, with annual inflation expected below 4%, the prime minister said yesterday, promising lawmakers that economic revival lay ahead.

The Star:

Tech-fuelled microlenders replace loan sharks

BANGKOK: Thailand’s household debt has spiralled to almost equal the size of its US$472bil (RM1.96 trillion) economy, yet millions of individual borrowers still struggle to access credit. For tech-driven microfinance companies, that crunch represents a multi-billion dollar opportunity.

The Star:

Family who exited De Beers for US$5bil seeks out Asia’s rich

SINGAPORE: The family office for Nicky Oppenheimer and his son Jonathan has set up an outpost in Singapore to boost its Asia exposure and partner with the region’s wealthy.

The Edge Markets:

After the recent climb, which are the laggards of the recovery theme play?

KUALA LUMPUR (Oct 21): Investors are looking for proxies to the rebound on consumer spending as more Malaysians have started leaving homes for work, social gatherings, shopping and holiday trips as a ...

The Edge Markets:

Equity market undertone remains upbeat with economic re-opening, says Inter-...

KUALA LUMPUR (Oct 21): Inter-Pacific Securities Sdn Bhd said despite the slightly wobbly market conditions, the equity market undertone remains upbeat with the economic re-opening theme still in play ...

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The Edge Markets:

N.Sembilan State Assembly sitting scheduled on Nov 26 - MB

SEREMBAN (Oct 21): The Negeri Sembilan State Legislative Assembly sitting is scheduled to be held this Nov 26, said Menteri Besar Datuk Seri Aminuddin Harun.

Malay Mail:

Britain, New Zealand agree trade deal, including haka clause

LONDON, Oct 21 — Britain and New Zealand have unveiled a comprehensive free trade deal, including a commitment aimed at preventing the revered Maori cultural tradition of the haka, famously perfome...

The Star:

Finding the best path for SMEs

KUALA LUMPUR: The recent Star Outstanding Business Awards (SOBA) 2021 #SOS: Save Our SMEs webinar revealed that small and medium enterprises (SMEs) are still seeking a sustainable path forward post-Covid-19.

The Star:

CIMB, StanChart in landmark SLD transaction deal

KUALA LUMPUR: CIMB Bank has entered into a sustainability-linked derivative (SLD) transaction with Standard Chartered Malaysia in the form of an interest rate swap with a notional value of RM2.45bil for hedging purposes.

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The Star:

Dune is the sci-fi epic commodities traders have always wanted

THE ribald rivalries that define the business world have long served as fodder for prestige television dramas such as Billions and Succession.

The Star:

Remote working: Track me if you can

WITH technology advancement and innovation as well as generational shift, accelerated by the pandemic, many organisations are prepared to embrace remote working as a permanent employment feature.

The Star:

Bioalpha buys Guizhou for RM13mil

PETALING JAYA: Bioalpha Holdings Bhd has completed its acquisition of China-based supply chain management services provider Guizhou Hongbo Supply Chain Co Ltd for RM12.85mil.

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The Star:

Mitec reopens facilities for SMEs

KUALA LUMPUR: The Malaysia International Trade and Exhibition Centre (Mitec) is reopening its facilities to offer a platform that can act as a springboard for Malaysian businesses to fast track their recovery.

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The Star:

Digital investment app MYTHEO launches ESG-themed portfolio

KUALA LUMPUR: Digital investment management platform MYTHEO has launched the country’s first fully AI-based environment, social and corporate governance (ESG)-themed portfolio, called MYTHEO Global ESG.

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The Star:

George Kent to focus on regional railway sector

KUALA LUMPUR: Following its exit from the Light Rail Transit 3 (LRT3) project, George Kent (M) Bhd is focusing on new opportunities in the domestic and regional railway space under the 12th Malaysia Plan’s (12MP) policy enabler of enhancing connectivity and transport infrastructure.

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The Star:

MAHB upbeat about improving air travel

PETALING JAYA: The rise in air travel activities with the introduction of the Langkawi travel bubble and the ease of interstate movement is expected to spur domestic traffic at all Malaysian airports.

The Star:

UK inflation remains above target ahead of BoE decision

LONDON: Britain’s consumer prices accelerated well beyond the Bank of England’s (BoE) target for a second month, propelled by the global disruption in supply chains that pushed up transport costs.

The Star:

KIP REIT plans to diversify asset portfolios

Trust eyes different classes in commercial, industrial

The Star:

Supportline : Greatech, MI Technovation, Frontken

Greatech Technology Bhd made a crossing of the immediate resistance of RM7.12 yesterday, which marked the end of the sideways trading.The stock was range-bound in recent days although the pick-up in p...

The Edge Markets:

US Customs issues seize order on Supermax products on forced labour finding

KUALA LUMPUR (Oct 21): Disposable gloves produced by Supermax Corporation Bhd units Maxter Glove Manufacturing Sdn Bhd, Maxwell Glove Manufacturing Bhd, and Supermax Glove Manufacturing will be detain...

The Edge Markets:

Solarvest has renewed its bullish momentum, says RHB Retail Research

KUALA LUMPUR (Oct 21): RHB Retail Research said Solarvest Holdings Bhd has renewed its bullish momentum to move northwards after bouncing off from the recent pullback and breaching the immediate resis...

The Edge Markets:

Formosa Prosonic poised for a technical breakout, says RHB Retail Research

KUALA LUMPUR (Oct 21): RHB Retail Research said Formosa Prosonic Industries Bhd is poised for a technical breakout, after it bounced off the 21-day average line.

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Malay Mail:

White House tells Democrats corporate tax hike unlikely in current bill, says source

WASHINGTON, Oct 21 — The White House told Democratic lawmakers on Wednesday that a proposed hike in US corporate taxes is unlikely to make it into their signature social spending bill, according to ...

The Star:

Evergrande's US$2.6b unit stake sale fails as Chinese officials seek to calm nerves

HONG KONG/SHANGHAI: Teetering Chinese property giant China Evergrande formally abandoned plans to sell a $2.6 billion stake in one of its key units on Wednesday, as Beijing officials went out in force to say the problems would not spin out of control.

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The Star:

Stocks gain, Dow touches record; oil rises on EIA data

NEW YORK: Most stock indexes worldwide rose on Wednesday and the Dow Jones Industrial Average touched a record intraday high as more companies reported earnings that beat analysts' expectations, while oil prices jumped.

The Star:

Tesla beats 3Q revenue forecasts but supply-chain problems hit plants

SAN FRANCISCO: Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.

Malay Mail:

PayPal in US$45b bid for Pinterest, say sources

NEW YORK, Oct 21 — PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for US$45 billion (RM187.2 billion), people familiar with the matter said on Wednesday, a combination th...

Malay Mail:

Over 20 ‘exit’ gaming giant Activision Blizzard after harassment accusations

WASHINGTON, Oct 21 — More than 20 employees of Call of Duty maker Activision Blizzard have “exited” the gaming giant, the company said in a staff email, following accusations of sexual harassmen...

Malay Mail:

US, trading partners urge China to liberalise further

GENEVA, Oct 21 — The United States said on Wednesday that China’s industrial policies “skew the playing field” against imported goods and services, as well as their foreign providers, and that...

Malay Mail:

Tesla Q3 profit more than quadruples to US$1.6b

NEW YORK, Oct 21 — Tesla’s third-quarter profits more than quadrupled on sharply higher sales despite a global semiconductor shortage that has plagued the auto industry, according to results relea...

Malay Mail:

Spotify teams up with Shopify to allow in-app merch purchases

LONDON, Oct 21 — Canadian e-commerce giant Shopify announced Wednesday a partnership with music streaming giant Spotify that will allow in-app sales of artists’ merchandise.

Malay Mail:

Wall Street closes higher as earnings reports soothe investor fears

NEW YORK, Oct 21 — The S&P 500 and the Dow climbed on Wednesday with the Dow hitting an intraday record high as investors eyed better than expected third-quarter earnings from US companies.

Malay Mail:

Alibaba founder Ma spotted in Mallorca in rare trip abroad after China scrutiny

MALLORCA, Oct 21 — Alibaba Group founder Jack Ma was on the Spanish island of Mallorca where his luxury yacht is anchored, two Spanish newspapers said on Wednesday, on his first trip abroad since he...

The Edge Markets:

Govt to enhance EV technology through NESTI

KUALA LUMPUR (Oct 20): The Government has taken early steps towards strengthening the development, validation and commercialisation of local electric vehicle (EV) technology development through the Na...

The Edge Markets:

Over RM1 bil to improve communications infrastructure in Kelantan — Annuar

KUALA LUMPUR (Oct 20): The government has agreed to increase the total investments to be spent on improving telecommunications infrastructure in Kelantan to more than RM1 billion from an initial RM700...

The Edge Markets:

CIMB, George Kent, Bintai, TNB, Daya Materials, Hua Yang, Classic Scenic,...

KUALA LUMPUR (Oct 20): Based on corporate announcements and news flow on Wednesday, companies in focus on Thursday (Oct 21) may include: CIMB Group Holdings Bhd, George Kent (Malaysia) Bhd, Bintai Kin...

Malay Mail:

Futures flat on worries over supply chain disruptions; Netflix falls

NEW YORK, Oct 20 — US stock index futures struggled for direction today as investors weighed the impact of supply chain constraints and inflation on corporate earnings, while Netflix shares remained...

Malay Mail:

Supply chain chaos set to extend further, port operator ICTSI says

LONDON, Oct 20 — The world faces “very prolonged” disruptions to shipping cargo flows, an executive at leading ports operator ICTSI said, as logistical headaches such as truck shortages weigh on...

The Edge Markets:

Evening 5: Five things you need to know today

EVENING 5: 1MDB report the only one requested by Najib Dirty dealings.

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The Edge Markets:

Ageson aborts rights issue of ICULS

KUALA LUMPUR (Oct 20): Ageson Bhd (formerly known as Prinsiptek Corp Bhd) has decided to scrap its proposed rights issue of irredeemable convertible unsecured loan stocks (ICULS). This is due to the "...

The Edge Markets:

Melaka polls: UMNO yet to decide on electoral pact — Mohamad Hasan

SEREMBAN (Oct 20): UMNO has yet to make a decision on whether to go solo or form a pact with other parties when contesting the Melaka State Election on Nov 20, its deputy president Datuk Seri Mohamad ...

The Edge Markets:

CPO futures hit all-time high of RM5,071 a tonne

KUALA LUMPUR (Oct 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high today as concerns over weak production in coming weeks continued to lift senti...

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The Edge Markets:

MySejahtera security level improved — MOH

PUTRAJAYA (Oct 20): The security level of MySejahtera's application and website has been improved following complaints regarding the issue of OTP (One Time Password) messages and spam e-mails, said th...

The Edge Markets:

Tengku Zafrul: Budget 2022 will contain economic sector recovery strategies

PUTRAJAYA (Oct 20): The economic sector recovery strategies will be realised through Budget 2022 that have been formulated based on the country's current scenario, said Finance Minister Tengku Datuk S...

The Edge Markets:

FGV hopes to finalise independent auditor appointment by November

KUALA LUMPUR (Oct 20): FGV Holdings Bhd said it hopes to formalise the appointment of an independent auditor by November in its effort to remove the US ban on its palm oil products.

Malay Mail:

CGS-CIMB expects upward reversal in CCR 17-24pc potential growth for Aug 2021-Dec 2022 period

KUALA LUMPUR, Oct 20 — CGS-CIMB Securities Sdn Bhd is expecting an upward reversal in the growth of credit card receivables (CCR) starting from October 2021 with potential growth of 17 per cent to 2...

Malay Mail:

UK fines Facebook £50.5m over Giphy takeover breach

LONDON, Oct 20 — Britain’s competition watchdog said today it had fined the social network giant Facebook more than £50 million (RM287 million) for failing to supply information linked to its tak...

The Edge Markets:

Melaka polls: PN to finalise seat allocation this week

MELAKA (Oct 20): The allocation of seats among Perikatan Nasional (PN) component parties for the upcoming Melaka state election is expected to be finalised this week.

The Edge Markets:

Mah Sing concludes RM300m sukuk issuance

KUALA LUMPUR (Oct 20): Property developer Mah Sing Group Bhd announced via a bourse filing that it has completed the issuance of secured and unrated Sukuk Murabahah of RM300 million on Wednesday.

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The Edge Markets:

Infectivity rate increase: Negeri Sembilan residents urged to obey SOPs

SEREMBAN (Oct 20): Menteri Besar Datuk Seri Aminuddin Harun has reminded Negeri Sembilan residents and tourists to always adhere to standard operating procedures (SOPs), to reduce the spread of Covid-...

The Edge Markets:

SKB Shutters announces 2-for-1 bonus issue, free warrants

KUALA LUMPUR (Oct 20): SKB Shutters Corp Bhd has proposed to undertake a bonus issue of two new shares for every one share held.

The Edge Markets:

Sabah begins administering Covid-19 vaccine booster doses

KOTA KINABALU (Oct 20): Sabah on Wednesday began administering Covid-19 vaccine booster doses under the National Covid-19 Immunisation Programme (PICK), which will cover frontliners, senior citizens a...

The Edge Markets:

RON95, RON97 and diesel prices unchanged

KUALA LUMPUR (Oct 20): The retail prices of RON95, RON97 and diesel will remain unchanged from Thursday (Oct 21) until Oct 27, the Ministry of Finance (MoF) said on Wednesday.

The Edge Markets:

KIP REIT's 1Q NPI dips 2.3% to RM13.7m, declares 1.55 sen distribution

KUALA LUMPUR (Oct 20): KIP Real Estate Investment Trust's (REIT) net property income (NPI) fell 2.34% to RM13.67 million for the first quarter ended Sept 30, 2021 (1QFY22), from RM14 million a year ea...

The Edge Markets:

KLCI extends gains on more foreign fund inflows

KUALA LUMPUR (Oct 20): The FBM KLCI continued trending upwards to close above its previous month's high of 1,604.95, buoyed by elevated crude oil and FCPO prices as well as continued buying interest i...

Malay Mail:

Ringgit ends higher against greenback

KUALA LUMPUR, Oct 20 — The ringgit closed higher and constructive against the US dollar today following the elevated levels of commodity prices as well as the gradual reopening of the economy which ...

The Edge Markets:

Carimin announces five sen special dividend

KUALA LUMPUR (Oct 20): Carimin Petroleum Bhd has declared a special dividend of five sen for the financial year ended June 30, 2021 (FY21) to reward its shareholders.

The Edge Markets:

Sime Darby to gear up luxury car ops in China

KUALA LUMPUR (Oct 20): Noting that China has the highest growth potential in the luxury car market, Sime Darby Bhd said it plans to grow its luxury vehicle presence in the country by establishing a fo...

The Edge Markets:

Pestech signs MoU with UK-Sweden operating firm to develop Waste-2-Energy...

KUALA LUMPUR (Oct 20): Pestech International Bhd has entered into a memorandum of understanding (MoU) with Gartena Holdings Ltd to explore the opportunity to cooperate in proposing and developing Wast...

The Edge Markets:

Maybank Kim Eng Group CEO Ami Moris appointed as 30% Club Malaysia chairperson

KUALA LUMPUR (Oct 20): Malayan Banking Berhad (Maybank)’s investment banking arm Maybank Kim Eng Group chief executive officer (CEO) Ami Moris has been appointed as chairperson of the 30% Club Malay...

The Edge Markets:

Classic Scenic buys industrial land, factory in Perak for RM12.5 million

KUALA LUMPUR (Oct 20): Classic Scenic Bhd’s wholly-owned subsidiary Finesse Moulding (M) Sdn Bhd has acquired a piece of industrial land and a factory on it in Bidor, Perak for a total of RM12.5 mil...

The Edge Markets:

No MySejahtera user data leak as fake emails and SMS are due to misuse of...

KUALA LUMPUR (Oct 20): Following complaints from several MySejahtera users about receiving troll emails and spam SMS messages with one-time passwords (OTPs) from the Covid-19 app's helpdesk, the Minis...

The Edge Markets:

Hua Yang’s 2Q net loss widens to RM8.65m, dragged by slower sales and...

KUALA LUMPUR (Oct 20): Hua Yang Bhd’s net loss widened to RM8.65 million for the second quarter ended Sept 30, 2021 (2QFY22), from RM5.76 million a year ago, dragged by slower sales and construction...

The Edge Markets:

Zahid's defence: Prosecution’s claim RM18m in charity funds used to buy Bali...

KUALA LUMPUR (Oct 20): At the High Court on Wednesday, Datuk Seri Ahmad Zahid Hamidi’s lawyer argued the prosecution’s claim that RM17.9 million in fixed deposit withdrawals from Yayasan Akalbudi ...

The Edge Markets:

Umrah: Malaysia still discussing with Saudi Arabia on vaccine discrimination,...

PUTRAJAYA (Oct 20): Malaysia is still discussing with the Saudi Arabian government on not to impose vaccine discrimination against its individuals wanting to perform the umrah pilgrimage in the kingdo...

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Malay Mail:

Bursa Malaysia ends marginally higher on late buying

KUALA LUMPUR, Oct 20 — Bursa Malaysia closed marginally higher following the emergence of late buying interest in selected heavyweights such as gloves, banking and oil and gas counters, said an anal...

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Malay Mail:

HSBC: New policies, institutional reforms needed to catalyse Malaysia’s economic growth

KUALA LUMPUR, Oct 20 — As Malaysia emerges from the aftermath of Covid-19 pandemic, a different set of policies as well as institutional reforms will be required to improve economic growth in the fu...

Malay Mail:

Alibaba shares soar after Jack Ma reported on Europe trip

HONG KONG, Oct 20 — Alibaba shares surged more than six per cent today after billionaire founder Jack Ma was reported to be in Europe, fuelling investor hopes that the worst of China’s regulatory ...

The Edge Markets:

Getting democracy to work again

Bersih 2.0, the coalition for clean and fair elections, recently launched its #Ketuanan Pengundi campaign aimed at restoring the supremacy of voters IN an email interview with The Edge, Bersih 2.0 cha...

The Edge Markets:

Melaka state election: Malaysian Medical Association urges EC to disallow face-...

KUALA LUMPUR (Oct 20): To prevent a surge in Covid-19 cases, the Election Commission (EC) should disallow "old norms", such as house visits, gatherings and ceramahs, during campaigning for the Melaka...

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The Edge Markets:

Malaysia’s Covid-19 tracking app reports ‘malicious script’ misuse

(Oct 20): Malaysia’s Covid-19 tracking application has been misused by “malicious scripts” to send unsolicited one-time passwords to random phone numbers.

The Edge Markets:

Warisan on track to expand to Peninsular Malaysia, says Shafie

KUALA LUMPUR (Oct 20): Parti Warisan Sabah's plans to expand to Peninsular Malaysia are well on track, said its president Datuk Seri Mohd Shafie Apdal.

The Edge Markets:

Daya Materials gets green light on regularisation plan

KUALA LUMPUR (Oct 20): Daya Materials Bhd announced on Wednesday that it has received Bursa Securities' approval for its regularisation plan.

Malay Mail:

Short-term rates close stable on Bank Negara’s intervention

KUALA LUMPUR, Oct 20 — Short-term interbank rates closed stable today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity from the financial system.

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The Edge Markets:

Tech: Penang Automation Cluster aims to build local supply chain and elevate...

BUILDING automated equipment systems is akin to the assembly and production of vehicles.

The Edge Markets:

Govt to intensify efforts to help MSMEs under 12MP, says Mustapa

KUALA LUMPUR (Oct 20): The government will intensify its efforts to help micro, small and medium enterprises (MSMEs), especially small business owners, by implementing income-raising and capacity-buil...

The Edge Markets:

Automated Awareness Safety System still in force, Dewan Negara told

KUALA LUMPUR (Oct 20): The Automated Awareness Safety System (AWAS), formerly known as the Automatic Enforcement System (AES), is still operating and enforced based on standard operating procedures an...

The Edge Markets:

'They'll have to pay', Malaysia's chip crunch triggers new era in supply deals

KUALA LUMPUR (Oct 20): Malaysian electronics firms central to the supply of basic chips that drive the world's cars, smartphones, and home devices have said big-name customers are beating on their doo...

The Edge Markets:

1MDB audit report the only special audit report Najib asked to see and amend...

KUALA LUMPUR (Oct 20): The 1Malaysia Development Bhd (1MDB) audit report was the only special audit report which Datuk Seri Najib Razak requested to see and amend prior to its presentation to the Publ...

Malay Mail:

UK inflation dips but rate rise still forecast

LONDON, Oct 20 — British annual inflation eased to 3.1 per cent in September, official data showed today, remaining close to a nine-year peak that still risks a UK interest rate rise next month.

The Star:

Vegetable oil production set to hit 4-year high leading to fall in prices

KUALA LUMPUR: The world production of four vegetable oils, namely palm oil, sunflower oil, soybean oil and rapeseed oil, is expected to increase by about seven million tonnes for the 2021/2022 period, the biggest growth in four years, according to Oil World.

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The Star:

Robust growth ahead for silicon wafer shipments until 2024

KUALA LUMPUR: Global silicon wafer shipments are projected to see robust growth through 2024, driven by strong secular demand for semiconductors across multiple end markets.

The Edge Markets:

Malaysia e-shopping king of the region, 9 out of 10 online by end-2021

MALAYSIANS love to shop. We love to window shop, we love our discounts and promotions and we love our malls.

The Edge Markets:

Tabling of Senior Citizens Bill scheduled for next year

KUALA LUMPUR (Oct 20): The Senior Citizens Bill is scheduled to be tabled in Parliament next year, said Deputy Women, Family and Community Development Minister Datuk Siti Zailah Mohd Yusoff.

The Edge Markets:

Prasarana expects 80% increase in ridership for rail, bus services in 2022

KUALA LUMPUR (Oct 20): Prasarana Malaysia Bhd is foreseeing an uptrend in ridership for both urban rail and bus services of up to 80% in 2022, better than since the beginning of the Covid-19 pandemi...

The Star:

Credit Suisse to pay at least US$400m in Mozambique scandal

CREDIT Suisse Group AG agreed to pay almost $475 million to resolve multiple investigations into its role in a fundraising scandal that saw hundreds of millions looted from Mozambique and tipped the country into economic crisis.

The Edge Markets:

CTOS hopeful access to CCRIS reinstated soon

CTOS Digital Bhd is hopeful that its access to Bank Negara Malaysia’s Central Credit Reference Information System (CCRIS) will be reinstated in the soonest possible time frame.

The Edge Markets:

Malaysia, US, EU ties strengthening despite Covid-19 challenges, says deputy...

KUALA LUMPUR (Oct 20): Malaysia’s ties with strategic partners such as the United States (US) and European Union (EU) have continued to strengthen despite challenges due to the Covid-19 pandemic, th...

The Edge Markets:

Bintai Kinden inks deal to distribute Scientillence hemodialyzer

KUALA LUMPUR (Oct 20): Bintai Kinden Corp Bhd has entered into a distribution agreement with Scientillence Sdn Bhd for the non-exclusive distribution of hemodialyzer in the private and commercial sect...

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The Edge Markets:

Ringgit leads gains, Thai bond outflows hit baht

BENGALURU (Oct 20): The Malaysian ringgit led gains in emerging Asia on Wednesday as signs China's policymakers were moving to contain the nation's property sector troubles supported sentiment, while ...

Malay Mail:

China new-home prices fall for first time in six years

BEIJING, Oct 20 — China’s new-home prices fell for the first time in six years last month, data showed today, as the property sector struggles after a government clampdown, while a default at seve...

Malay Mail:

Bursa Malaysia turns higher at midday on better buying support

KUALA LUMPUR, Oct 20 — Bursa Malaysia turned higher at midday on better buying support, led by technology and financed-linked counters, analysts said.

Malay Mail:

PUNB offers full moratorium, additional rental discounts to its eligible entrepreneur partners

KUALA LUMPUR, Oct 20 — Perbadanan Usahawan Nasional Bhd (PUNB) is offering a full moratorium on the principal and profit rate to its eligible entrepreneur partners as well as additional 20 to 70 per...

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The Edge Markets:

AstraZeneca delivers over half a million Covid-19 vaccine doses to Malaysia

KUALA LUMPUR (Oct 20): AstraZeneca has delivered an additional 604,100 doses of its Covid-19 vaccine for use in Malaysia to support the country’s ongoing battle against the pandemic.

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