Business

The Edge Markets:

Why Malaysia, MCMC must prevail against piracy, network abuse

MALAYSIA is likely to join many developed countries in introducing new laws and updating existing ones to combat online piracy.

The Edge Markets:

The State of the Nation: Loan growth seen weakening this year

GIVEN a host of challenges at home and abroad, banking sector loans are expected to grow at a slower pace of about 5% this year after expanding 5.6% last year, their fastest pace in three years.

The Edge Markets:

Frankly Speaking: EAC a welcome initiative but…

The Economic Action Council (EAC) was officially unveiled last week, together with the full list of its 16 members.

Economic Action Council | Inland Revenue Board | Malaysia

The Edge Markets:

Khazanah to pay over RM 1 billion dividend payout for 2019, says CEO

KUALA LUMPUR (Feb 18): Khazanah Nasional Bhd expected to declare more than RM 1 billion of dividend to the government for 2019, said its chief executive officer Datuk Seri Sharil Ridza Ridzuan Sharil...

The Edge Markets:

Genting Singapore kept at 'buy' with S$1.23 target by RHB on stable earnings,...

SINGAPORE (Feb 18): RHB Research is maintaining Genting Singapore at “buy” with target price of S$1.23 on the back of stable casino earnings, market share gains and the company’s potential to ta...

The Edge Markets:

Petronas sets March crude price factor at US$5.40/bbl

SINGAPORE (Feb 18): State oil firm Petronas has set the price factor for Malaysian Crude Oil (MCO) for March at US$5.40 per barrel, unchanged from the previous month, the company said on Monday.

The Edge Markets:

TSH says Ekowood's factory in Gopeng catches fire

KUALA LUMPUR (Feb 18): TSH Resources Bhd informed today that a fire occurred at a factory owned by its wholly-owned subsidiary Ekowood International Bhd at around 5am.

The Edge Markets:

TRX Lifestyle Quarter sponsor Lendlease advised by Herbert Smith Freehills

KUALA LUMPUR (Feb 18): Law firm Herbert Smith Freehills said today it advised Lendlease Corp Ltd on its role as sponsor in relation to the RM2.15 billion financing of the Tun Razak Exchange (TRX) Life...

The Star:

Tadmax denies termination of Pulau Indah power plant project

KUALA LUMPUR: Tadmax Resources Bhd has refuted a news report that the government has cancelled its power plant project in Pulah Indah, Selangor.

Tadmax Resources Bhd | KUALA LUMPUR | Pulah Indah | Selangor | Pakatan Harapan

The Star:

Hyflux unveils survival plan as Singapore bondholders watch

SINGAPORE: Cash-strapped Singapore water-treatment company Hyflux Ltd. unveiled a restructuring plan that’s been highly anticipated by retail investors in the city-state, who own millions worth of the firm’s debt.

Hyflux Ltd. | SINGAPORE

The Star:

Axiata’s sale of M1 stake will lower debt, S&P says

KUALA LUMPUR: Axiata Group Bhd’s sale of its ts 28.67% stake in Singapore's M1 Ltd has improved its financial headroom and the sale proceeds will help cut debt, S&P Global Ratings says in a report.

Axiata Group Bhd | KUALA LUMPUR | S&P Global Ratings | M1 Ltd | Singapore

The Edge Markets:

Palm rises on stronger related oils, weaker output

KUALA LUMPUR (Feb 18): Malaysian palm oil futures edged higher in early trade on Monday, in line for a second session of gains in three days, bolstered by stronger related edible oils and on expectati...

The Edge Markets:

Equities, main contributor of income in 2018 - EPF

KUALA LUMPUR (Feb 18): The Employees Provident Fund (EPF), which declared its 2018 dividends on Saturday, said equities continued to be the main contributor of income with 57.55 per cent amounting to ...

The Edge Markets:

TAS, VSolar, Insas, Asianpac, JTiasa, TRC, Cypark, BIMB, KFima

KUALA LUMPUR (Feb 18): theedgemarkets.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close today.

The Edge Markets:

UOB Kay Hian downgrades Astro Malaysia to 'hold'; price target RM1.54

(Feb 18): UOB Kay Hian downgraded the recommendation on Astro Malaysia Holdings Bhd to hold from buy.

Malay Mail:

Sabah's ASB to unveil blueprint to tackle challenges in next decade

LABUAN, Feb 18 — Sabah government's linked-company Asian Supply Base Sdn Bhd (ASB) will unveil a blueprint next month as it braces itself against challenges in the next decade.

The Star:

Malaysia-China trade volume at record high of RM443b

UALA LUMPUR: Total trade volume between Malaysia and China reached a record high of US$108.6bil (RM443bil) in 2018, with the number of Chinese visitors into Malaysia increasing 29% to 2.94 million last year.

The Star:

DBS profit driven by loans as turmoil hurts wealth, trading

SINGAPORE: DBS Group Holdings Ltd. relied on lending to boost fourth-quarter profit as financial-market turbulence hit its trading, wealth and investment banking operations.

DBS Group Holdings Ltd. | SINGAPORE | Bloomberg

The Star:

Equity, overseas investments main drivers for EPF income

KUALA LUMPUR: The Employees Provident Fund has recorded RM50.88bil in gross investment income last year, registering a 10-year compound annual growth rate (CAGR) of 10.26%.

More:

The Star:

KLCI posts conservative gains as Asian equities rally

KUALA LUMPUR: The FBM KLCI retraced some of its earlier gains by midday but remained ahead of the previous close as global equities surged on renewed optimism.

More:

KUALA LUMPUR | FBM KLCI | China | US

The Edge Markets:

The Week Ahead: Corporate earnings, Saudi crown prince’s KL visit to take...

Corporate earnings and Saudi Arabian Crown Prince Mohammed Salman’s maiden visit to Malaysia on Feb 17 will take centre stage this week.

The Edge Markets:

Newsbreak: Putrajaya pulls the plug on Tadmax’s power plant

The fate of Tadmax Resources Bhd’s RM3.5 billion power plant project in Pulau Indah has been decided, and it is a big no.

The Edge Markets:

KLCI erases most gains, stays marginally up

KUALA LUMPUR (Feb 18): The FBM KLCI erased most of its earlier gains in the morning session today, despite the firmer regional markets.

The Edge Markets:

TSH says fire occurred at factory owned by subsidiary Ekowood at around 5 am...

TSH says fire occurred at factory owned by subsidiary Ekowood at around 5 am today

TSH | Ekowood

The Edge Markets:

Malaysian palm oil prices seen steady in 2019 — MPOC

KUALA LUMPUR (Feb 18): Malaysian palm oil prices are set to hold steady in 2019 at an average of RM2,303 (US$565) a tonne, according to estimates by the Malaysian Palm Oil Council (MPOC), while global...

The Edge Markets:

Luxchem upgraded to buy at RHB Research Institute; price target 62 sen

KUALA LUMPUR (Feb 18): RHB Research Institute analyst Chiong Tong Chai upgraded the recommendation on Luxchem Corp Bhd to buy from neutral.

The Edge Markets:

Malaysia Airlines offers great discounts via Travelganza Deals

KUALA LUMPUR (Feb 18): Malaysia Airlines is offering great discounts via its Travelganza Deals with up to 25% off on airfares to all destinations on Malaysia Airlines’ network from today until Feb 2...

The Edge Markets:

BAT down 1.48% on downgrade

KUALA LUMPUR (Feb 18): Shares of British American Tobacco (M) Bhd (BAT) fell 1.48% this morning after CIMB IB Research downgraded the stock and said it was no longer affordable.

More:

Malay Mail:

US agency submits auto tariff probe report to White House

WASHINGTON, Feb 18 — The US Commerce Department sent a report yesterday to US President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from...

The Star:

SMART SOLUTION TO SAVING WATER

Compact Pipe® improves efficiency of water pipeline distribution networks

Pipe

The Edge Markets:

Palm oil targets RM2,316

SINGAPORE (Feb 18): Palm oil is biased to break a resistance at RM2,285 per tonne and rise towards the next resistance at RM2,316. These resistances are identified as the 14.6% and the 7% retracements...

Palm oil | Wang Tao | SINGAPORE | 940 | 14.6% | RM2 | C | Chances | Reuters

The Edge Markets:

Dewan Negara to establish Reform Working Committee

KUALA LUMPUR (Feb 18): Dewan Negara announced that it will form a Reform Working Committee to study various aspects of the institutions that require improvement.

The Edge Markets:

WHO must take some responsibility for anti-palm oil article — MEOA

KUALA LUMPUR (Feb 18): The Malaysian Estate Owners Association (MEOA) says the World Health Organisation (WHO) must take some responsibility for the publication of a "deeply flawed and biased" anti-pa...

The Edge Markets:

Dr Mahathir says Malaysians losing patience over election promises

KUALA LUMPUR (Feb 18): Malaysians are losing patience and are starting to criticize the current government over its unfulfilled election promises, Prime Minister Tun Dr Mahathir Mohamad said in Kuala ...

Malay Mail:

Special RM2b government guarantee scheme for SMEs

KUALA LUMPUR, Feb 18 — Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) today launched RM2 billion special government guarantee scheme to help the small and medium enterprises (SMEs) leap towards I...

Malay Mail:

Bursa remains higher at mid-morning

KUALA LUMPUR, Feb 18 — Shares on Bursa Malaysia remained higher at mid-morning today, lifted by gains in selected blue chips.

Malay Mail:

Coffee farmers betting on blockchain to boost business

ADDIS ABABA, Feb 18 — On a bustling street near the shiny new international airport in Ethiopia's capital is a small coffee roastery with big dreams.

The Edge Markets:

身负重任的男人

The Edge Markets:

Trading in Tadmax shares halted pending announcement

KUALA LUMPUR (Feb 18): Trading in the shares of Tadmax Resources Bhd was suspended from 9:00am today pending an announcement from the company.

The Edge Markets:

MIDF Research downgrades Maxis on back of lower-than-expected FY18 profit

KUALA LUMPUR (Feb 18): MIDF Amanah Investment Bank Bhd Research has downgraded Maxis Bhd to "sell" (from "neutral") with a lower target price of RM4.73 (previously RM5.67), on the back of lower-than-e...

Maxis Bhd | MIDF Amanah Investment Bank Bhd Research | KUALA LUMPUR | 87.7% | 90.8% | MIDF Research | 4QFY18 | PER | EPS

The Edge Markets:

Mahathir : Tolerance is key to development, peace in Malaysia

SEREMBAN (Feb 18): Tolerance as practised by all Malaysians is the key to development and peace in the country, Prime Minister Tun Dr Mahathir Mohamad said.

The Edge Markets:

Malaysia keeps March crude palm oil export duty at 0%

KUALA LUMPUR (Feb 18): Malaysia kept its export duty on crude palm oil for March at 0%, according to a circular on the Malaysian Palm Oil Board's website on Monday that cited the national customs depa...

KUALA LUMPUR | Malaysian Palm Oil Board | Malaysia | US

The Edge Markets:

Ringgit climbs on rising oil and trade progress

KUALA LUMPUR (Feb 18): Ringgit approaches its strongest level in more than six months as Brent crude extends gains and traders applaud signs of progress in US-China trade talks.

The Edge Markets:

KLCI pares gains, struggles to breach 1,700 threshold

KUALA LUMPUR (Feb 18): The FBM KLCI pared some of its gains at mid-morning today and appeared to be struggling to cross the 1,700 threshold.

The Edge Markets:

Tadmax securities trade suspended between 9am and 5pm today pending...

Tadmax securities trade suspended between 9am and 5pm today pending clarification on Edge Malaysia article

Tadmax | Edge Malaysia

The Edge Markets:

Carlsberg rises 5.66% on positive technicals

KUALA LUMPUR (Feb 18): Carlsberg Brewery Malaysia Bhd rose 5.66% this morning following a positive technical outlook on the stock.

More:

Carlsberg Brewery Malaysia Bhd | KUALA LUMPUR | RHB Retail Research

Malay Mail:

Trade war boogeyman hangs over giant US toy show

NEW YORK, Feb 18 — The US-China trade war has dealt a glancing blow to American toys, hitting putty and arts and crafts items, while sparing superhero action figures, toy cars and most best-selling ...

Malay Mail:

Bursa opens higher

KUALA LUMPUR, Feb 18 — Shares on Bursa Malaysia opened higher due to better buying demand across-the-board as market sentiment was lifted by strong gains in US stocks.

The Star:

Trading in Tadmax suspended pending clarification on news article

KUALA LUMPUR: Trading in the shares of Tadmax Resources Bhd has been suspended for the duration of Monday trading as per the group's request, pending an announcement to clarify on a news article.

The Star:

Foreign investors turn net sellers again

KUALA LUMPUR: Foreign funds turned net sellers on Bursa last week, snapping the five-week buying spree on Bursa.

Bursa | KUALA LUMPUR | MIDF Research

The Star:

Ringgit gets lift from higher oil prices

KUALA LUMPUR: The ringgit was higher against the US dollar in early session today on better demand for the local note, said a dealer.

More:

The Star:

Quick take: Maxis stock drops on lower profit

KUALA LUMPUR: Maxis Bhd shares are sitting marginally lower on Monday morning after announcing a lower earnings in the fourth quarter ended Dec 31, 2018.

KUALA LUMPUR | Maxis Bhd

The Edge Markets:

Axiata up 1.27% on plan to sell stake in Singapore-listed M1

KUALA LUMPUR (Feb 18): Axiata Group Bhd shares rose 1.27% this morning after the group decided to sell its 28.7% stake in Singapore-listed M1 Ltd to Keppel Corp Ltd and Singapore Press Holdings Ltd (S...

The Edge Markets:

Foreign funds withdrew RM369.2m last from local equity last week, says MIDF...

KUALA LUMPUR (Feb 18): Foreign funds withdrew RM369.2 million from Malaysian equity on Bursa Malaysia, compared to a net inflow of RM163.2 million the prior week, according to MIDF Amanah Investment B...

The Edge Markets:

KLCI gets lift from Public Bank and Genting

KUALA LUMPUR (Feb 18): The FBM KLCI ticked up in early trade this morning, tracking gains at regional markets, lifted by key index-linked stocks including Public Bank Bhd and Genting Bhd.

Malay Mail:

Europe's food makers find green palm oil hard to stomach

KUALA LUMPUR, Feb 18 — Europe, the world's second-biggest buyer of palm oil, is set to miss a 2020 target backed by about 10 countries, as well as big companies, to use 100-per cent sustainable supp...

The Star:

Quick take: Luxchem shares up despite lower Q4 net profit

KUALA LUMPUR: Shares of Luxchem Corp Bhd edged up this morning, despite announcing a lower net profit for the fourth quarter ended Dec 31, 2018.

Shares | KUALA LUMPUR | Luxchem Corp Bhd

The Star:

Asia shares up on optimism over trade talks, stimulus

SYDNEY: Asian share markets firmed on Monday as investors dared to hope for both progress at Sino-U.S. trade talks in Washington this week and more policy stimulus from major central banks.

The Star:

Malaysian palm oil/Vegoils: Market factors to watch Monday Feb 18

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Monday Feb 18.

The Edge Markets:

Heineken may move higher, says RHB Retail Research

KUALA LUMPUR (Feb 18): RHB Retail Research said Heineken Malaysia Bhd may move higher after it tested the RM20.68 support recently.

The Edge Markets:

Single-digit corporate earnings growth seen for 2019

KUALA LUMPUR: Corporate earnings in Malaysia are expected to remain low in 2019, albeit slightly better than 2018, say analysts.

Malay Mail:

US dollar eases as trade deal prospects bolster risk, sterling gains

SINGAPORE, Feb 18 — The US dollar was marginally weaker today, as increasing expectations of a US-Sino trade deal led investors to shift away from the safety of the greenback into riskier assets.

Malay Mail:

Asia shares up on optimism over trade talks, stimulus

SYDNEY, Feb 18 — Asian share markets firmed today as investors dared to hope for both progress at Sino-US trade talks in Washington this week and more policy stimulus from major central banks.

Malay Mail:

UK plans to make plastic packaging producers pay for waste disposal

LONDON, Feb 18 — Britain is to set out plans to overhaul its recycling system today, including making plastic packaging producers pay the full cost of dealing with their waste and introducing a depo...

The Star:

Trading ideas: Axiata, Luxchem, London Biscuits, APFT

KUALA LUMPUR: JF Apex Research expects Axiata Group Bhd, Luxchem Corp Bhd, London Biscuits Bhd and APFT to see trading interest following its latest corporate news.

The Star:

London Biscuits to see strong growth in potato chip segment

KUALA LUMPUR: PublicInvest research remains optimistic over London Biscuits Bhd following the announcement of another private placement exercise, given the strong growth anticipated in the potato chip segment coupled with the interest expense savings which it will help mitigate.

KUALA LUMPUR | PublicInvest | London Biscuits Bhd | Group

The Star:

Oil hits 2019-high on Opec supply cuts, US sanctions on Iran and Venezuela

SINGAPORE: Oil prices rose to their highest levels in 2019 on Monday, lifted by OPEC-led supply cuts and by U.S. sanctions on Iran and Venezuela.

The Star:

Axiata's M1 sale provides timely capital for future investment

KUALA LUMPUR: Axiata Group Bhd's exit from M1 Ltd for RM1.65bil to Konnevtivity Pte Ltd will allow the group to make a profit and redeploy the capital to fund its capex.

KUALA LUMPUR | Axiata Group Bhd | M1 Ltd | Konnevtivity Pte Ltd | Affin Hwang Capital

The Star:

CIMB Research retains Reduce, unchanged TP for Maxis

KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call for Maxis Bhd and unchanged target price at RM5.10.

The Edge Markets:

Global semicon sales crossed 1 trillion mark in 2018, says SIA

KUALA LUMPUR (Feb 18): Global sales of semiconductors surpassed one trillion units for the first time ever in 2018, according to the US-based Semiconductor Industry Association (SIA). In a startement ...

Malay Mail:

Saudi crown prince begins Asia tour with US$20b Pakistan investment pledge

ISLAMABAD, Feb 18 — Crown Prince Mohammed bin Salman yesterday said Saudi Arabia has signed investment agreements worth US$20 billion (RM81.6 billion) during his high-profile visit to Pakistan, wher...

Malay Mail:

European car imports no threat to US national security, says German group

FRANKFURT, Feb 18 — Car imports from Europe do not endanger US national security, German car lobby the VDA said yesterday, echoing comments by Chancellor Angela Merkel a day earlier.

Malay Mail:

Russia's Gazprombank freezes accounts of Venezuela's PDVSA, says source

MOSCOW, Feb 18 — Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling unde...

The Star:

Philippine tax agency sets sights on online casinos for Chinese

MANILA: The Philippines’ tax agency is setting its sights on more than 50 companies operating online casinos catering to Chinese punters, and their thousands of Chinese workers.

The Star:

Uber posts US$50bil in annual bookings

SAN FRANCISCO: Uber Technologies Inc had US$50bil in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date.

Uber Technologies Inc | IPO | SAN FRANCISCO

The Star:

Cash-hoarding Japanese firms please investors as share buybacks hit record

TOKYO/HONG KONG: Japanese share buybacks have hit a record this fiscal year and are set to maintain the booming growth as cash-rich companies bow to pressure from investors and the government to boost returns and improve governance.

The Star:

Indonesian presidential hopefuls vow energy self-sufficiency through palm

JAKARTA: Indonesia's two presidential candidates pledged on Sunday to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by Southeast Asia's biggest economy.

JAKARTA | Indonesia | Southeast Asia

The Star:

Supporting short-stay industry growth Look into high-growth areas

THANKS to the popularity of short-term rentals, the market has seen the increase in number of property management agencies over the past few years.

Startup | THANKS

The Star:

Providing a conducive ecosystem

Policy needs to look into areas that will support the developmentof a strong network for SMEs

Policy | SMEs | 65% | GDP

The Star:

S’pore plans cautious budget with an eye on election

SINGAPORE: Singapore Finance Minister Heng Swee Keat will aim to strike a delicate balance in today’s budget: preaching fiscal prudence while doling out more social spending ahead of elections that could come as early as this year.

Heng Swee Keat | SINGAPORE | Infrastructure spending

The Star:

Aussie Lendlease seeks more projects in M'sia

PETALING JAYA: Australian-listed Lendlease, which is participating in a RM9bil mixed integrated development at the Tun Razak Exchange (TRX) project in Kuala Lumpur, is in talks with several developers to jointly develop other large-scale projects in the country.

The Star:

Thailand turns the tide on plastic

Startup producing water from air as a sustainable alternative to bottled water

Startup | Meghan Kerrigan | STAYING | Thai | Koh Samui

The Star:

UK’s social businesses develop taste for financial democracy

THE Bristol Wood Recycling Project (BWRP) built a solid business out of selling people used wood for their houses, but the 15-year-old shop has had trouble finding a permanent home of its own.

Bristol Wood Recycling Project | BWRP

The Star:

Mentors needed for Vietnam’s startups

VIETNAM’S startup ecosystem has a lot of potential and can be a prime market for investment, but many say the quality of startup projects have not met the potential due to these firms’ lack of market-oriented policies and development experience.

VIETNAM

The Star:

Health tech rolls in from across the straits

Caregiving services platform aims to sign on 1,000 caregivers in three years

Caregiving services platform | SINGAPORE | Malaysia

The Star:

Crowdfunded camera bag hits the big time

WHILE its products’ vintage designs are an ode to an ancient painting technique, local waxed canvas and leather goods manufacturer Gouache was established thanks to two modern business tools: crowdfunding and social media.

The Star:

Co-working space opens doors in Penang

HOMEGROWN co-working space Common Ground is looking to further expand in the country with the opening of its venue in Penang.

Common Ground | Penang | Moulmein Rise Shoppes | Pulau Tikus | Kuala Lumpur

The Star:

Social firm boosts Myanmar farmers with loans and technology

A SOCIAL venture in Myanmar is boosting farm outputs with customised technologies and giving loans for seasonal migration to raise incomes in one of the world’s poorest countries.

SOCIAL venture | Myanmar | Proximity Designs | Yangon

The Star:

Thai GDP could give baht rally further boost

SINGAPORE: The baht is looking to repeat its performance as one of Asia’s best currencies last year. Today’s growth data will shed light on a key pillar of its recent strength and may help it stay in pole position at least through the first quarter.

SINGAPORE | Asia | US | Thai

The Star:

BI mulls accumulating global sukuk as syariah buffer

JAKARTA: Bank Indonesia (BI) is weighing the use of sukuk issued by other countries in its monetary operations as demand for syariah-compliant securities surge among lenders in the world’s largest Muslim-majority country.

The Star:

Bankers are sick of choosing sides between Qatar and Saudi Arabia

DUBAI: When Saudi Arabia cut ties with Qatar in mid-2017, many international bankers chose to chase a potential fee windfall in Riyadh over doing deals with its rich but isolated neighbour.

DUBAI | Saudi Arabia | Qatar | Riyadh

The Star:

India’s sleepwalking to trouble on builder debt

Five months. That’s how long it takes Country Garden Holdings Co to start selling apartments after acquiring land. A spate of fatal accidents forced the Chinese builder to slow things down a notch last year, but the pace of construction may pick up again when robots start plastering the walls.

Country Garden Holdings Co | Chinese | US

The Star:

Saudi crown prince's US$20bil Pakistan investment pledge

ISLAMABAD: Crown Prince Mohammed bin Salman on Sunday said Saudi Arabia has signed investment agreements worth US$20 billion during his high-profile visit to Pakistan, where tensions were flaring up with nuclear-armed rival India.

The Star:

US hedge fund Tiger Global sells entire US$1bil stake in Barclays

LONDON: U.S. hedge fund Tiger Global Management has sold its entire stake in Britain's Barclays Plc, the Financial Times reported on Sunday.

Tiger Global Management | LONDON | U.S. | Barclays Plc | Britain

The Star:

UK concludes it can mitigate risk from Huawei equipment use in 5G

LONDON: The British government has decided it can mitigate the risks arising from the use of Huawei Technologies Co Ltd in 5G networks, the Financial Times reported on Sunday, citing two sources familiar with the conclusion of Britain's National Cyber Security Centre (NCSC).

Malay Mail:

Madius: Sabah has identified several investors from China

KOTA KINABALU, Feb 17 — Sabah Deputy Chief Minister Datuk Seri Wilfred Madius Tangau says the state government has identified several investors from China and is planning a trade mission to the coun...

Malay Mail:

Wall St week ahead: Profit estimates may be adding in too much cost risk

NEW YORK, Feb 17 — As Wall Street braces for the first quarterly decline in earnings in nearly three years, some investors are wondering if the market is factoring in a bigger erosion in profit marg...

Malay Mail:

EcoWorld to unveil Malaysia’s first robot hotel

ISKANDAR PUTERI, Feb 17 — Eco World Development Group Bhd (EcoWorld Malaysia) is set to introduce the country’s first robot guest registration and food delivery system in the third quarter of this...

The Edge Markets:

Foreign Minister to lead team to revise raw water price, says Dr M

PUCHONG (Feb 17): Foreign Minister Datuk Saifuddin Abdullah will lead a group of Malaysian officials in negotiations for the revision of raw water prices sold to Singapore, said Tun Dr Mahathir Mohama...

The Edge Markets:

Healthy 2018 EPF dividend is proof economy is on positive growth path, says Lim

BUTTERWORTH (Feb 17): The announcement of a favourable set of dividends for conventional and Shariah savings for 2018 by the Employees Provident Fund (EPF) on Saturday proves that the country's econom...

The Edge Markets:

Companies make CSR commitments to enhance lives of PPR residents

KUALA LUMPUR (Feb 17): Residents of several People’s Housing Projects (PPR) in the country will soon benefit from various Corporate Social Responsibility (CSR) initiatives by private sector companie...

The Edge Markets:

Huge turnout at Dasar Komuniti Negara launch by PM

KUALA LUMPUR (Feb 17): More than 5,000 people witnessed the official launch of Dasar Komuniti Negara (DKN) or the National Community Policy today at Padang Puchong Indah, Selangor by Prime Minister Tu...

More:

Malay Mail:

High foreign outflow due to investment recalibration, says expert

KUALA LUMPUR, Feb 17 ― A high net foreign fund outflow of RM263.5 million was recorded between Monday to Thursday, a level last seen since the third week of December 2018, as investors recalibrated ...

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