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Garuda gets new CEO
Jakarta: Garuda Indonesia picked former telecom executive Irfan Setiaputra as its new president director, after the airline’s previous chief executive was fired for allegedly smuggling a classic Harley-Davidson motorcycle on a flight to Jakarta.
Ringgit opens almost flat against greenback
KUALA LUMPUR (Jan 23): The ringgit opened almost flat today after Bank Negara Malaysia’s (BNM) Monetary Policy Committee slashed the overnight policy rate (OPR) to 2.75 per cent from 3.0 per cent as...
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Ringgit opens almost flat against US dollar
KUALA LUMPUR, Jan 23 ― The ringgit opened almost flat today after Bank Negara Malaysia’s (BNM) Monetary Policy Committee slashed the overnight policy rate (OPR) to 2.75 per cent from 3.0 per cent ...
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KLCI edges lower, Tenaga weighs
KUALA LUMPUR: Bursa Malaysia fell in early Thursday trade, mirroring the cautious key Asian markets, as investors worried about the new spread of the flu-like virus in China.
Trading ideas: Rimbunan Sawit, WTK, Leader Steel, LBS, TSR Capital, CMMT
KUALA LUMPUR: Stocks to watch on Thursday include Rimbunan Sawit Bhd, WTK Holdings Bhd, Leader Steel Holdings Bhd, LBS Bina Group Bhd, TSR Capital Bhd and CapitaLand Malaysia Mall Trust (CMMT), according to JF Apex Research.
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This US$1.6 trillion fund says short selling is wrong
JAPAN’S Government Pension Investment Fund (GPIF) has been a trailblazer in promoting the need to incorporate environmental, social and governance issues into the day-to-day job of portfolio construction. With US$1.6 trillion under management, it has a lot of firepower in the investing world.
Libra spurs central banks
TOKYO: The challenge posed by Facebook’s Libra cryptocurrency likely prodded major central banks to set up a new group to study the potential for issuing their own digital currencies, according to a former Bank of Japan (BoJ) executive.
Iron output uncertain on Vale charges
RIO DE JANEIRO: Vale SA was dealt back-to-back blows on Tuesday as Brazilian officials announced criminal charges including for homicide in the wake of last year’s deadly dam collapse, while a prosecutor indicated additional output cuts may be on the horizon.
Hedge fund goes climate radical
LONDON: The hedge fund industry’s British billionaire Chris Hohn is bringing his hardball tactics to the fight against global warming.
OPR cut to nine-year low
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) move to cut the overnight policy rate or OPR by 25 basis points (bps) yesterday to 2.75%, while a surprise to many going by poll results prior to the annou...
Powerwell aces its debut
PETALING JAYA: Electricity distribution product manufacturer Powerwell Holdings Bhd ended its debut day on the Ace Market with a 14% increase to 28.5 sen, from its initial public offering (IPO) price of 25 sen per share.
Bursa Malaysia and Maybank join Bloomberg Gender-Equality Index
KUALA LUMPUR: Bloomberg has announced that Bursa Malaysia Bhd and Malayan Banking Bhd joined the 2020 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
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Digi Q4 profit at RM343mil
PETALING JAYA: Digi.Com Bhd’s net profit for the fourth quarter ended Dec 31,2019 fell by 9.23% year-on-year (y-o-y) to RM342.92mil from RM377.80mil in the same period a year ago.
Boeing's new CEO orders rethink on key jetliner project
LONDON/CHICAGO: Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth US$15 billion-$20 billion that had been overtaken by the 737 MAX crisis
Volvo records highest delivery
PETALING JAYA: Despite a tough year, premium carmaker Volvo Car Malaysia (VCM) recorded its highest delivery to date for 2019 with a total of 1,883 units and saw a growth of up to 36.1%
Air France-KLM not involved in MAS sale talks
DUBLIN: Air France-KLM said it had previously held talks with the owners of Malaysia Airlines Bhd (MAS), but was not engaged in current efforts to find new investors for the carrier.
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Inflation up 1% in Dec, within forecast
KUALA LUMPUR: Malaysia’s inflation rose by 1% in December last year, in line with a Bloomberg forecast, underpinned by higher food prices, with Kuala Lumpur exceeding the national average.
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China will keep buying palm oil from M’sia, says minister
SINGAPORE: Malaysia is unlikely to suffer any loss in its palm oil business from China, despite Beijing pledging to boost soybean purchases from the US amid the trade war, according to International Trade and Industry Minister Darell Leiking.
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BNM's OPR cut surprises the market — Economists
KUALA LUMPUR (Jan 22): Bank Negara Malaysia's (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 2.75 percent — a level not seen since March 11, 2011 — has surprised the m...
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Selangor targets RM12 bil investments this year
SHAH ALAM (Jan 22): Selangor targets to achieve investments worth RM12 billion in 2020 compared with RM10 billion last year, said State Investment, Industry and Commerce, and Small and Medium Enterpri...
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Don't blame others for Warisan's loss in Kimanis
KOTA KINABALU (Jan 22): Parti Warisan Sabah (Warisan) president Datuk Seri Mohd Shafie Apdal does not want other quarters blamed for the party candidate's defeat in the Kimanis Parliamentary by-electi...
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10% toll discount on second Penang Bridge for CNY
BATU KAWAN (Jan 22): Jambatan Kedua Sdn Bhd (JKSB), the concessionaire for the Sultan Abdul Halim Mu'adzam Shah Bridge (JSAHMS), is offering a 10 percent discount on toll for motorists using the bridg...
US stocks bounce led by IBM, Tesla
NEW YORK, Jan 22 — Wall Street stocks bounced early today, boosted by a strong earnings report from IBM while Tesla surged above US$100 billion (RM406.6 billion) in market capitalisation.
Developments in online-only bank licensing in Asia
HONG KONG/SEOUL (Jan 22): Financial regulators across Asia are creating new rules for online-only banks, as they seek to shake up often staid markets, helped by technology companies which can operate...
Trump relaunches trade battle with Europe
DAVOS, Jan 22 — US President Donald Trump relaunched a major trade offensive against Europe today, threatening to hit the EU with damaging auto tariffs if Europeans failed to agree a long-delaye...
Trump calls Boeing a ‘big, big disappointment’
DAVOS, Jan 22 — President Donald Trump today criticised Boeing as a “very disappointing company” because of the aerospace giant’s recent problems after the grounding of the 737 MAX plane, whic...
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The Edge Court Judgments Report
This monthly report is compiled and briefly summarised by a group of lawyers on a voluntary basis for the benefit of readers of The Edge.
Banks fall on surprise OPR cut, glove makers rally
KUALA LUMPUR: Bank Negara Malaysia's suprise move to cut the overnight policy rate (OPR) by 25 basis points to 2.75% – the lowest since 2011 – prompted investors to cut their holdings in banks and sent the FBM KLCI into the red.
Berjaya Corp teams up with govt to promote palm oil
KUALA LUMPUR (Jan 22): As part of the ongoing Love MY Palm Oil campaign, the Ministry of Primary Industries (MPI), Malaysian Palm Oil Council and Berjaya Corp Bhd have teamed up to boost palm oil awar...
Digi posts net profit of RM1.43b in FY19
KUALA LUMPUR, Jan 22 — Digi.com Bhd posted a net profit of RM1.43 billion in its financial year ended December 31, 2019 (FY19) compared with RM1.54 billion recorded in the previous year.
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New low-cost iPhone to enter mass production in February
TAIPEI: Apple Inc. suppliers plan to begin assembling a new low-cost iPhone in February, people familiar with the plan said, as the company looks to address a wider swath of the global smartphone market ahead of its 5G handsets later this year.
KLCI dips as investors weigh China virus outbreak
KUALA LUMPUR (Jan 22): The FBM KLCI settled down 0.8 point or 0.05% at Bursa Malaysia's afternoon break today as a global outbreak of a pneumonia-causing virus, which started in China, dictated world ...
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Mix calls on Malaysia’s glove sector outlook
KUALA LUMPUR, Jan 22 — Maybank IB Research has upgraded its outlook on Malaysia’s gloves sector to “positive” following expectations of a strong global demand for the product.
Wuhan virus compounds Hong Kong’s economic woes
HONG KONG, Jan 22 — The emergence of a SARS-like virus in China is the last thing Hong Kong’s struggling economy needs, analysts say, as the city reels from the twin storms of the global trade war...
Petronas allocates 5% of capex for renewable energy: CEO
KLCI falls 0.26% as flu-like virus keeps regional markets on tenterhooks
Bargain hunters eye Malaysian assets after a terrible 2019
Former Malaysia Airlines MD Abdul Aziz dies
EU auto market set for first drop in seven years, say carmakers
PG&E strikes deal with creditors over restructuring
Economists run numbers on China as virus spreads
Kim Teck Cheong jumps 16% on getting exclusive right to use Gardenia trademark...
MIDF Research lowers target price for Digi to RM4.30
KESM rises 2.48% on positive technical outlook
KLCI extends loss as index-linked stocks weigh in line with tentative regional...
Bursa Malaysia opens lower amidst bearish regional markets
Tokyo stocks open lower as yen ticks up
Australia's troubled Westpac names ex-Barclays chief as new chairman
Yen firm over China virus concern, Aussie jumps on jobs data
Asian stocks fall, safe havens up as China virus fears grow
Quick take: Gadang shares slide after 36% profit fall
Quick take: Icon jumps 57% in heavy trading
Grab, Razer, AirAsia exploring bids for Malaysia digital bank licence
Goldman: Oil may drop US$3 if virus plays out like SARS
Indonesia set to tighten scrutiny of insurers as crisis lingers
PE managers to raise more funds in 2020
SRC Trial: Najib to complete cross-examination today
OPR cut likely to be negative for the KLCI, says CGS-CIMB Research
European shares drop from record high on threat of US auto tariffs
OPR cut negative for banks, CGS-CIMB Research says
Affin Hwang maintains 'Hold' on Digi, cuts TP to RM4.25
Anti-dumping duties on steel concrete from S’pore, Turkey
KTC gets regional licensing deal for Gardenia bakery
WTK buys Rimbunan Sawit land in Miri for RM85mil
RM5.7bil worth of palm oil ends in a crossfire
QL Resources may move higher, says RHB Retail Research
Revenue Group may rebound further, says RHB Retail Research
Asian Stocks Set for Losses Amid Virus Concern
Tech sector pushes the S&P 500 to slight gain
Global stocks edge up, oil drops as China virus worries abate
New CEO stands by 737 MAX, eyeing reset at troubled Boeing
Volkswagen in Canada ordered to pay C$196.5m over emissions scandal
Comintel signs MoU to explore railway jobs
Bank Negara surprises dropping interest rate to lowest in 9 years
Government postpones implementing new formula for CKD models
Oil priceslides 2% as glut forecast, China virus overshadow Libya disruption
e-Tunai: Consumers spend RM30 on groceries, transportation and food
Eleven Kelantan Exco, three ex-officio members get RM50,000 payout each
Egypt to reduce LNG cargoes for sale as gas prices plummet
Selangor Government has no plan to stop free water programme
Pahang reduces industrial category quit rent rates by 80%
Bus terminals to implement cashless ticket purchase
Toll reduction: Pakatan Harapan has made good where BN failed
Kedah attracts RM1.6 bil investment in green technology paper
Tun Mahathir receives courtesy call from Hamas leader Ismail Haniyeh
Big ocean polluters are raising rates to offload clean fuel cost
M N C Wireless inks MoU with Vision Works for feature films production
Rimbunan Sawit sells Sarawak plantation land to WTK for RM85mil cash
Saudi Arabia imposes new charge of SAR300 for haj visa
Leader Steel buys land in Klang for business expansion
Mercedes-Benz remains the top luxury car brand in Malaysia
LBS Bina disposes of stake in Chinese firm for RM86m
CIMB Bank lowers base and FD rates by 25bps, in line with OPR cut
New chief of Indonesia's Garuda urged to revamp work culture at state carrier
CMMT banks on new anchor tenants to reinvigorate Klang Valley Malls
TSR Capital sells unutilised land in Mutiara Damansara for RM48m
Country Garden clarifies 'job cuts' report, says restructuring aimed at...
MED now known as Entrepreneur Development and Cooperatives Ministry
CMMT FY19 net property income down 6%, pays 6.25 sen DPU
Gadang 2Q net profit falls 36.3%, mainly dragged by fair value loss on...
Comintel signs MoU with railway contractor Dhaya Maju in PN17 rescue plan
Icon Offshore surges as shares consolidation, rights go ex
KLCI closes down 0.59% as banking stocks fall following OPR cut
Finance Minister hails Moody’s A3 rating for Malaysia
Sessions Court strikes out CBT charges against Sundra Rajoo
Previndran: Unsold SOHOs and SOVOs will only take one year to clear, not five
Thailand’s delayed US$105b budget faces further hold up
Southeast Asian IPOs lose their shine in Hong Kong
Virus jitters spread to steel market as worker travel at risk
Ringgit shrugs off surprise OPR cut
Special Report: All eyes on potential winners in 5G race
Tech: Global games market to rebound in 2020 after multi-year slow growth
Digi 4Q net profit down 9% at RM343m as prepaid revenue drops
Bank Negara's int'l reserves up 0.1% to US$103.7b as at Jan 15
BNM international reserves grow to US$103.7bil as at Jan 15
China stocks rebound as Beijing calms jitters over virus outbreak
Bursa Malaysia, Maybank included in 2020 Bloomberg Gender-Equality Index
Gold stocks shining bright in the new year
MPHB's appeal over Pengerang refinery land acquisition dismissed
Malaysia CPI up 1% in Dec 2019, full-year inflation at 0.7%
Powerwell up 20% on Ace Market debut, eyes ECRL, MRT projects
Malaysia December 2019 inflation at 1% y-o-y
KLCI extends decline for third straight day, ringgit unchanged ahead of BNM decision
Refined solutions for growing businesses
Against the grain: The Malaysian state and constitutional monarchy
Reach Energy up on Kazakhstan O&G production contracts
EVENING 5: Five things you need to know today