Business

The Edge Markets:

Internet connectivity to be listed as utility — Gobind

KUALA LUMPUR (April 22): The Communications and Multimedia Ministry is in the process of proposing that Internet connectivity be listed as utility, just like water and electricity supplies.

The Edge Markets:

74 percent of country's land border with neighbouring nations finalised — Dr...

BANGI (April 22): Malaysia finalised 74 percent of its land border distance with Thailand, Indonesia and Brunei last year, said Water, Land and Natural Resources Minister Dr Xavier Jayakumar.

Xavier Jayakumar | BANGI | Malaysia | Land | Water | Indonesia | Thailand | Brunei | Negotiations | Negotiations | North Kalimantan | West Kalimantan | Sarawak | Sabah | Bukit Jeli | South China Sea | Sulawesi Sea | Straits of Melaka | Jupem | Minister | The Department of Survey | Government | 854 | 26 | 5 | 749 | 69 | 2018 | 2 | 431 | 22 | 74 | 3 | 990 | 3 | 257 | 826 | 2018 | April 22

The Edge Markets:

Sabah PKR rep denies claim 75 percent of members will leave party

KOTA KINABALU (April 22): Sabah Parti Keadilan Rakyat (PKR) Leadership Council deputy chairman Mustapha Sakmud has denied allegations that 75 percent of its members are on the verge of leaving the par...

The Edge Markets:

Airasia keen to buy digital platforms to boost digital business

SEPANG (April 22): Airasia Group Bhd is keen to acquire digital platforms abroad to boost its digital business segment.

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The Edge Markets:

BN not fielding candidate for Sandakan by-election

KUALA LUMPUR (April 22): Barisan Nasional (BN) will not field any candidate in the Sandakan Parliamentary by-election to be held on May 11, said its acting chairman Datuk Seri Mohamad Hasan.

Barisan Nasional | Sandakan | Datuk Seri Mohamad Hasan | Parliamentary | KUALA LUMPUR | Datuk Stephen Wong Tien Fatt | Well-being Minister | Sabah | MIC | MCA | UMNO | People | Sabah Health | DAP | Election Commission | April 22 | May 11 | March 28 | April 27 | May 11 | May 7 | 27 | 7 | 22 | 11 | 11 | 28

The Edge Markets:

Audio recording criticising Perak MB strengthens ties among Exco members

IPOH (April 22): The audio recording criticising Menteri Besar Datuk Seri Ahmad Faizal Azumu and linking him with another State Executive Councillor will never weaken or split the State leadership.

The Edge Markets:

PH report card for May 3 presidential council meeting

PUTRAJAYA (April 22): The performance of Pakatan Harapan (PH) after one year in power will be discussed at the coalition’s presidential council meeting on May 3, said PKR secretary-general Datuk Ser...

The Edge Markets:

Implementation of targeted petrol subsidy depends on latest Bantuan Sara Hidup...

PUTRAJAYA (April 22): The implementation of the targeted petrol subsidy will depend on how quickly the Bantuan Sara Hidup (BSH) Secretariat can submit the latest updated list of those eligible Bottom ...

Sara Hidup | Saifuddin Nasution Ismail | BSH | BSH Secretariat | Bantuan | PUTRAJAYA | Bottom 40 | Domestic Trade and Consumer Affairs Ministry | Domestic Trade | B40 | Government | M40 | April 22 | 40 | 40 | 10 | 22 | 90 | 4.1 million

The Edge Markets:

Bina Puri, Seacera, Gadang, IWC, Ekovest, Sinotop, CCM, Axiata, Velesto and TDM

KUALA LUMPUR (April 22): Based on corporate announcements and news flow today, stocks in focus on Tuesday (April 23) may include: Bina Puri Holdings Bhd, Seacera Group Bhd, Gadang Holdings Bhd, Iskand...

The Edge Markets:

Three new work packages for Pan Borneo Sabah to be up for tender

KUALA LUMPUR (April 22): The Government will tender out three additional work packages under the Sabah portion of the Pan Borneo highway project “in the near future”, according to the Works Minist...

Malay Mail:

Riyadh to ‘stabilise’ oil market after US move to end Iran waivers, says minister

RIYADH, April 22 — Riyadh is committed to “stabilise” the oil market after a US decision to end sanction exemptions for Iran’s customers, Saudi Arabia’s Energy Minister Khalid al-Falih said...

The Edge Markets:

Ideal United Bintang sees 13.1% stake traded off-market

KUALA LUMPUR: Ideal United Bintang International Bhd (IUBI) saw 184.02 million of its shares, or a 13.1% stake, crossed in direct business transactions off-market today.

KUALA LUMPUR | IUBI | Ideal United Bintang International Bhd | IUBI | RM1.11 | RM1.15 | RM1.17 | RM215.31 million | 184.02 million | 17 | 1.74 | 31 million | 13.1 | 11 | 15

The Edge Markets:

Prasarana introduces special MyCity passes for travellers

KUALA LUMPUR (April 22): Prasarana Malaysia Berhad (Prasarana) today introduced special MyCity 1-day and 3-day passes for unlimited travel on the Mass Rapid Transit (MRT), Light Rail Transit (LRT), Mo...

Prasarana Malaysia Berhad | Light Rail Transit | Mass Rapid Transit | KUALA LUMPUR | Monorail | Customers | MyCity | Muhammad Nizam Alias | Bus Rapid Transit | LRT | Sunway Line | My100 | Selangor | RM5 purse value | Rapid KL | MyCity | Muhammad Nizam | RM45 | 1 | 22 | 3 | 3 | 3 | 1 | 3 | 30 | 1 | 1 | RM5 | RM45 | RM15 | April 22

Malay Mail:

Trump says Opec can step up output after Iran waivers

WASHINGTON, April 22 — US President Donald Trump said today that Saudi Arabia and other Opec nations could “more than make up” for any drop in Iranian oil supplies to global markets now that his...

The Edge Markets:

TDM sells land in Terengganu for RM12m

KUALA LUMPUR (April 22): TDM Bhd is disposing of a piece of leasehold land in Besut, Terengganu, to Lembaga Tabung Amanah Warisan Negeri Terengganu (LTAW) for RM12 million.

The Edge Markets:

List of duty-free items in Pangkor will be finalised — MB

IPOH (April 22): The Perak State Government together with the Finance Ministry is detailing the list of items that would benefit from the duty-free status of Pangkor before the proclamation of the isl...

Malay Mail:

Oil prices gain as US ends waivers for Iranian crude

NEW YORK, April 22 — Oil prices gained today as the Trump administration ended waivers for countries that had been importing Iranian crude in spite of US sanctions.

Donald Trump | US | Oil prices | Iranian | NEW YORK | Oil prices | West Texas Intermediate | GMT | White House | Saudi Arabia | London | Brent | AFP | United Arab Emirates | April 22 | 2018 | US$65.39 | RM270.5 | US$73.78 | 1250 | 5 | 2.2 | 73.78 | 22 | 65.39 | 2.5 | 2018

The Edge Markets:

Velesto bags four contracts worth US$104.68m from Petronas Carigali

KUALA LUMPUR (April 22): Velesto Energy Bhd’s earnings prospects are expected to turn rosier after having secured fresh contracts for its four jack up drilling rigs.

Velesto Energy Bhd | Velesto | NAGA 2 | KUALA LUMPUR | Velesto Malaysia Ventures Sdn Bhd | NAGA 3 | NAGA 6 | NAGA 5 | Petronas Carigali Sdn Bhd | NAGA 6 | NAGA 5 | NAGA 2 | Bursa Malaysia | Letters of Awards | US | Bloomberg | 07 million | 30 | 000 | 5 | 30 | 000 | 22 | 31 | 30 | 000 | 3 | 2019 | 2 | 6 | 350 | 31 | 3 | 400 | 6 | 2 | April 22 | Dec 31 | 2019 | 3 | NAGA 5 | US$104.68 million | RM433.07 million | 2 | 5 | 375 | 104.68 million | 17.5 | 69.4 | 31 | 5 | 6 | 3

The Edge Markets:

Visa On Arrival requirements for China, India tourists may be relaxed — Minister

PUTRAJAYA (April 22): The Visa On Arrival (VOA) requirements for tourists from China and India may be relaxed in a bid to increase the number of visitors from the two countries in conjunction with Vis...

The Edge Markets:

Maxis launches superfast speed plans for consumers, businesses

KUALA LUMPUR (April 22): Maxis Bhd today introduced three new superfast Internet speed packages of 300Mbps, 500Mbps and 800Mbps for homes and businesses.

Customers | Maxis Bhd | Internet speed packages | KUALA LUMPUR | ONEBusiness Voice | Dushyan Vaithiyanathan | WiFi device | PABX | Paul McManus | Internet experts | WiFi experience | Internet security | Fibrenation | Maxperts | High speed connectivity | IP | Internet Protocol | OneBusiness Voice | Digital Enhanced Cordless Telecommunications | 500 | 22 | 800 | 800 | 40 | 300 | 500 | RM459 | RM379 | RM309 | RM349 | RM269 | RM199 | RM299 | RM219 | RM149 | April 22

The Edge Markets:

Govt plans to add more AWAS cameras at accident-prone areas

KUALA LUMPUR (April 22): The Government intends to add more Automated Awareness Safety System (AWAS) cameras at accident-prone locations to improve road safety and reduce accident rate.

Datuk Kamarudin Jaffar | Government | Automated Awareness Safety System | AWAS | KUALA LUMPUR | Razali Idris | Dewan Negara | Automated Enforcement System | Kamaruddin | AES | April 22 | Sept 1 | April 17 | RM5 | 726 | 400 | 400 | 163 | 986 | 22 | 726 | 17 | 1

Malay Mail:

Futures pull back ahead of earnings; oil stocks jump

NEW YORK, April 22 — US stock index futures dipped today as investors returned from their Easter break and took a cautious stance at the beginning of what is expected to be the busiest week of the f...

S&P 500 | US | NEW YORK | Easter | Halliburton Co | China | Boeing Co | Exxon Mobil Corp | Refinitiv | Amazon.com Inc and Facebook Inc | Iranian | New York Times | South Carolina | Tesla Inc | 787 Dreamliner | Tesla Model S | Chinese | Schlumberger NV | Dow | Nasdaq 100 | ET | 1.2 | 1.7 | 60 | 3.8 | 7.75 | 2016 | 7 | 2.4 | 100 | 0.31 | 22 | 500 | 23.75 | 0.23 | 0.6 | 0.27 | 500 | 21 | 1 | 500 | 1.5 | 787 | 500 | 2016 | April 22

The Star:

IWCity, Ekovest say not involved in reinstated Bandar Malaysia project

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, two listed firms controlled by Tan Sri Lim Kang Hoo, have issued separate statements to Bursa Malaysia to clarify that they are not involved in the revived Bandar Malaysia project.

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Ekovest Bhd | Lim Kang Hoo | Bandar Malaysia | Bursa Malaysia | Iskandar Waterfront City Bhd | IWCity | KUALA LUMPUR | CREC Sdn Bhd | Government to Restate Bandar Malaysia Project | Investors | Shares | IWH | Prime Minister's Office | Bandar Malaysia Sdn Bhd | Ekovest | China Railway Engineering Corp Sdn Bhd | IWH-CREC | RM140bil | 19 | 29 | 60 | 60 | 45 | 60 | 2017 | 32 | 30 | 30 | 282 million | 40 | 97 | RM1.32 | RM741mil | RM500mil | RM140bil | May 2017 | April 19

The Edge Markets:

Axiata unit appeals Nepal’s RM1.45b capital gains tax demand

KUALA LUMPUR (April 22): Axiata Group Bhd’s 80%-owned unit Ncell Private Ltd is challenging the decision by the Nepali tax authorities to charge 39.06 billion Nepalese rupees (RM1.45 billion) as cap...

The Edge Markets:

Sabah Railway deputy director and his two wives claim trial to bribery, money...

KOTA KINABALU (April 22): The deputy director of the Sabah Railway Department and his two wives pleaded not guilty at the Sessions Court here today to bribery and money laundering charges involving RM...

Ismail Ahmad | KOTA KINABALU | Sabah Railway Department | Sessions Court | Runtiah Rais | Masniah Buaya | Abu Bakar Manaf | Wontti Junius | Twenty-one | Proceeds of Unlawful Activities Act 2001 | Section | Mohd Farez Rahman | Mahadi Abdul Jumaat | Malaysian Anti-Corruption Commission | Anti-Money Laundering | Anti-Terrorism Financing | 23 | 24 | 2018 | 000 | 2018 | 000 | 42 | 29 | 59 | 739 | 2018 | Twenty-one | 29 | 58 | 22 | 2001 | 4 | RM50 | 000 | April 22 | Jan 23 | 2018 | Aug 29 | 2018 | Jan 23 | 2018 | Jan 24 | 2018 | Aug 29 | 2018 | 2001 | June 19 | RM2 | 199 | 739 | RM100 | 000 | 2018 | 199 | 23 | 23 | 23 | 2018 | 1 | 19

The Edge Markets:

CCM secures RM351.9m job from Petronas to supply caustic soda

KUALA LUMPUR (April 22): Chemical Company of Malaysia Bhd (CCM) has accepted a Letter of Award from Petroliam Nasional Bhd (Petronas) to supply up to 351,000 tonnes of caustic soda to the latter’s s...

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Letter | Award | LoA | Petroliam Nasional Bhd | Chemical Company of Malaysia Bhd | KUALA LUMPUR | CCM | CCM Chemicals Sdn Bhd | 2019 | 22 | 31 | 2022 | 351 | 000 | 284 | 800 | 39 million | 03 | 1.5 | 14 | 15 | 9 million | RM335.39 million | RM2.03 | RM351.9 million | Dec 31 | 2019 | April 14 | 2022 | April 15 | April 22

The Edge Markets:

Sinotop shares to be suspended tomorrow pending announcement

KUALA LUMPUR (Apr 22): Trading in the shares of Sinotop Holdings Bhd will be suspended tomorrow pending an announcement relating to a "very substantial acqusition" to be made by the company.

Trading | KUALA LUMPUR | Bursa Malaysia | Sinotop Holdings Bhd | Sinotop | Shares | Apr 22 | RM108.6 million | 6 million | 1.79 | 9 | 5 | 27.5 | 0.5 | 22

The Edge Markets:

BNM investigating officer submits email conversations of AmBank staff

KUALA LUMPUR (April 22): Bank Negara Malaysia investigating officer Ahmad Farhan Shariffudin today submitted documents detailing the email conversations between AmBank staff Joanna Yu, Krystale Yap an...

The Edge Markets:

High Court rejects Shafee’s bid to recuse Sri Ram from prosecuting him

KUALA LUMPUR (April 22): Lawyer Tan Sri Muhammad Shafee Abdullah today failed in his bid to recuse former Federal Court judge Datuk Seri Gopal Sri Ram from leading the prosecution in his RM9.5 million...

Tan Sri Muhammad Shafee Abdullah | Datuk Seri Gopal Sri Ram | Najib Razak | Collin Lawrence Sequerah | Federal Court | KUALA LUMPUR | High Court | Datuk Seri Anwar Ibrahim | 1MDB | Court of Appeal | Prime Minister | Tommy Thomas | PKR | Hearing | Barisan Nasional | Umno | Tun Mahathir | 2013 | 5 million | 14 | 1 | 21 | 8 | 5 million | 1 | 22 | 20 | 1 | 1 | 2014 | 1 | 15 | 28 billion | Sept 20 | April 22 | March 1 | July 8 | 11 | July 15 | 18 | Sept 13 | 2013 | 2014 | 11 | May 14 | RM9.5 million | RM9.5 million | RM9.5 million | RM2.28 billion | 13 | 5 million | 18

The Edge Markets:

New Johor Exco told to reduce politicking, stay focused

ISKANDAR PUTERI (April 22): The newly appointed Johor State Executive Council (Exco) members have been reminded to reduce politicking and stay focused on their job of administering the state in the in...

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Malay Mail:

Ringgit unchanged against US dollar

KUALA LUMPUR, April 22 — The ringgit was unchanged against the US dollar at today’s close on lack of demand for the local note, amid weaker Asian currencies after the Easter holidays, a dealer sai...

KUALA LUMPUR | US | Asian | Easter | Bank Negara | British | Bernama | Singapore | 3.6898 | 6946 | 6506 | 5.3649 | 3726 | 1350 | 4.1300 | 6949 | 4.6454 | 22 | 4.1300 | 0490 | 3.6898 | 3792 | 3.0442 | 0514 | 1350 | 3.0473 | 6506 | 4.6446 | 5.3707 | 6 | April 22

The Edge Markets:

Petronas among firms Thailand's EGAT considers for LNG imports

BANGKOK (April 22): State-owned Electricity Generating Authority of Thailand has narrowed its list of potential liquefied natural gas sources to 12 companies, for importing up to 1.5 million metric to...

The Edge Markets:

Gadang says it has yet to submit any official bid for ECRL jobs

KUALA LUMPUR (April 22): Gadang Holdings Bhd clarified today that it has not submitted any official tender for the East Coast Rail Link (ECRL) project at this juncture.

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The Edge Markets:

KLCI flat, Bursa volume swells as Ekovest tops builders

KUALA LUMPUR (April 22): The FBM KLCI closed 0.01 point down at 1,622.06 on profit taking while volume across Bursa Malaysia swelled to 4.77 billion shares as construction stocks' and crude oil price ...

FBM KLCI | Bursa Malaysia | KUALA LUMPUR | Danny Wong | Malaysia | Reuters | Ekovest Bhd | Prime Minister's Office | GDP | Government | Bandar Malaysia | Areca Capital Sdn Bhd | US | Iranian | Brent | 2017 | 3.3 | 16.52 | 1 | 630.91 | 282 million | 69 billion | 8.15 | 30 | 4.77 billion | 219.2 | 74 | 4.77 billion | 74.31 | 97 | 0.01 | 3 | 74 | 22 | April 22 | May 2017 | Nov 1 | RM3.18 billion | RM1.69 billion | US$74 | US$74 | US$74.31 | 2.52 billion | 44.78 | 49 | 1 | 622.06 | 1 | 5 | 18 billion | 1 | 622.06

The Edge Markets:

Seacera to partner OCR for RM10 bil Semenyih development

KUALA LUMPUR (April 22): Seacera Group Bhd’s unit Duta Skyline Sdn Bhd has entered into a joint venture agreement (JV) with Amazing Symphony Sdn Bhd, a subsidiary of OCR Group Bhd, for a mixed devel...

The Edge Markets:

Bina Puri wins arbitration case in Pakistan over termination of highway...

KUALA LUMPUR (April 22): Bina Puri Holdings Bhd has won an arbitration case against the Pakistan National Highway Authority (NHA) in a dispute relating to the termination of a RM864 million highway co...

Malay Mail:

Bursa Malaysia ends almost flat

KUALA LUMPUR, April 22 — Bursa Malaysia ended almost unchanged today as news on the revival of the Bandar Malaysia mega project last Friday drove optimism in the market with buying support mainly se...

Bursa Malaysia | KUALA LUMPUR | Kenny Yee | Bandar Malaysia | FBM KLCI | IWH | Market breadth | Volume | CREC Sdn Bhd | Shares | Rakuten Trade Sdn Bhd | Petronas Dagangan | IWCity | Iskandar Waterfront City | Petronas Chemicals | Ekovest | Bernama | 610 | 2018 | 18 billion | 1 | 630.91 | 15.35 million | 0.01 | 44.78 | 97 | 4.77 billion | 2.52 billion | 22 | 322 | 30 | 0.001 | 32 | 29.41 | 37.72 | April 22 | March 2018 | RM3.18 billion | RM1.69 billion | RM1.32 | 30 | 1 | 622.07 | 1 | 622.56 | 0.49 | 361 | 60 | 1 | 621.16 | 38 | 1 | 622.06 | 69 billion | 621

The Star:

Axiata's Ncell files appeal against RM1.45b payment demanded by Nepal

KUALA LUMPUR: Axiata Group Bhd's subsidiary Ncell Pte Ltd has appealed against Nepal's Large Taxpayer Office's (LTPO) demand of 39.06 billion Nepalese rupees (RM1.45bil) as capital gains tax (CGT).

The Edge Markets:

Public Bank to approve RM50b mortgage, RM40b SME loans in 3 years

KUALA LUMPUR (April 22): Public Bank Group aims to approve RM50 billion in mortgage loans and RM40 billion small and medium enterprise (SME) loans in three years.

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The Edge Markets:

Johor Port to provide marine services at Petronas LNG's Pengerang terminal

KUALA LUMPUR (April 22): Johor Port Bhd, a member of MMC Corp Bhd, has inked an agreement with Petronas LNG Ltd (PLL) to provide marine services at attractive tariff for vessels that receive gassing u...

The Edge Markets:

Court dismisses Islamic Renaissance Front's challenge on book ban

KUALA LUMPUR (April 22): The High Court here has upheld the book ban imposed two years ago by the Home Ministry on Islamic Renaissance Front Bhd's (IRF's) three books by dismissing the judicial review...

Malay Mail:

Malaysia says ready to establish business network with Bosnia and Herzegovina

KUALA LUMPUR, April 22 — Minister of Entrepreneur Development (MED) Datuk Seri Mohd Redzuan Yusof reiterated Malaysia’s readiness to establish business networks and linkages with Bosnia and He...

Mohd Redzuan Yusof | Bosnia and Herzegovina | MED | Malaysia | KUALA LUMPUR | MEHC 2019 | Prospects | Nemanja Vasić | MEHC 2019 | Business | Topics | MBA | Halal Market and Entrepreneurship | Sarajevo | Malaysia Entrepreneur Halal Carnival | University of Sarajevo | Bosnia and Herzegovina Foreign Trade Chamber | Masters of Business Administration | School of Economics | Bernama | 2019 | 53 | 1 million | 22 | 20 | 18 | 21 | 2019 | 2019 | 19 | 34 | RM25 million | RM1.1 million | 20 | April 18 | 2019 | 2019 | 2019 | 21 | April 19 | April 22

The Star:

KLCI gives up all its gains to close in the red

KUALA LUMPUR: The FBM KLCI gave up all its hard-earned gains to close in the red on Monday, weighed down by losses in Petronas-linked stocks and telcos despite a stronger broader market.

FBM KLCI | KUALA LUMPUR | Petronas | Reuters | Axiata | Advancers | US | Turnover | Sentiment | CSI300 index | Maybank | RM3.18bil | Chinese | China | Shanghai Composite Index | Nikkei 225 | Japan | Taiwan | TAIEX | Singapore | STI | Bursa | Beijing | Nepalese | RM1.45bil | Nepal | IHH | Petronas Dagangan | GentingM | Petronas Gas | RM17.64 | Diloh | Genting | CIMB | Sime Darby | Digi | Ncell Pte Ltd | Maxis | Brent | 2.51 | 79 | 52 | 16 | 88 | 18bil. | 1.65 | 2.3 | 12 | 39.06 billion | 12 | 0.01 | 17 | 1 | 622.06 | 10 | 225 | 22 | 217.90 | 0.3 | 21 | 2.43 | 323 | 64 | 35 | 3 | 215.04 | 18 | 1.75 | 15 | 0.18 | 90 | 50 | 65.43 | 4 | 025.61 | US$1.75 | RM2.35 | RM6.79 | RM3.21 | RM5.52 | RM3.18 | RM17.64 | RM8.90 | RM24.22 | US$73.72 | RM5.17 | US$65.43 | US$1.43 | RM5.38 | RM4.53 | RM1.45bil | RM3.88 | RM3.18bil. | Feb 15 | March 25 | 0.08 | 73.72 | 38 | 45bil | 1.43 | 1.61 | 360 | 25 | 53 | 13 | 22 | 2.23 | 4.77 billion | 1.7 | 621

The Edge Markets:

Newsbreak: DRB-Hicom, Sime Darby front runners for government fleet contract

DRB-Hicom Bhd and Sime Darby Bhd are the front runners in the bid for the supply, repair, maintenance and management of the government’s vehicle fleet for a concession period of 15 years, according ...

Sime Darby Bhd | DRB-Hicom Bhd | Proton | EZ-Drive Sdn Bhd | Naza Group | Spanco | Spanco Sdn Bhd | Samling Group | Rent A Car Sdn Bhd | Toyota Vellfire | Toyota | UMW Toyota Motor Sdn Bhd | Hertz International | Rent-a-Car | Malaysia | Avis | The Edge | Altis | X70 | Persona and Saga | Honda Accord | 10 | 28 | One | 16 | 000 | 10 | 000 | 000 | 12 | 500 | 20 | 15 | RM362 | 000 | Feb 28

The Edge Markets:

Coffee Break: What’s in an airport name?

One Monday morning, at a Malaysia Airlines booking office in Chennai.

The Edge Markets:

Newsbreak: Scomi Group close to securing investor, say sources

SCOMI Group Bhd (SGB) is understood to have narrowed its search for an investor down to two parties.

SGB | SCOMI Group Bhd | The Edge | SGB | Hong Kong | Shah Hakim @ Shahzanim Zain | CEO | Sammy Tse Kwok Fai | 2023 | 18 | 1.09 billion | One | 21 | 2018 | 491.28 million | 20 | 18 | RM120 million | RM80 million | Feb 18 | 2023 | June 2018

The Edge Markets:

FBM KLCI closes down 0.01 point at 1,622.06

FBM KLCI | 0.01 | 1 | 622.06

The Edge Markets:

Malaysia's March CPI seen rebounding to 0.3% y-o-y

KUALA LUMPUR (April 22): Malaysia's consumer prices are expected to edge higher in March, rebounding after two months in deflationary territory, a Reuters poll showed on Monday.

Malaysia | KUALA LUMPUR | Headline inflation | Reuters | Price pressures | Bank Negara Malaysia | SST | 1 | 0.4 | 13 | 0.7 | 0.3 | 22 | 2018 | 2018 | 2009 | 2018 | June 2018 | November 2009 | April 22

The Edge Markets:

Bintulu Port handles 48 mil tonnes of cargo in 2018

KUCHING (April 22): Bintulu Port handled a total throughput of 48.34 million tonnes of cargo last year compared with 50.28 million tonnes in 2017.

KUCHING | Bintulu Port | Tan Sri Ali Hamsa | Medan Abdullah | Samalaju Port | LNG | Datuk Mohammed | Sabah | Sarawak | Malaysia | LNG cargoes | BPHB Group | 2018 | 59.7 | 22 | 0.93 | 2018 | 50.28 million | 23 | 2017 | 48.34 million | 2017 | 31 | 14 million | 51 | 54 | 82 million | 32 million | RM679.82 million | RM6.32 million | RM686.14 million | Dec 31 | 2018 | 2017 | 2018 | 2017 | April 22

The Edge Markets:

Trial dates for JJ's mother's claim of RM1.3b in shares against grandkids fixed

KUALA LUMPUR (April 22): Aminah Abdullah, the 85-year-old mother of the late Rompin MP Tan Sri Jamaluddin Jarjis, will have her day in court from Aug 13 to 17, and Sept 10 to 12, over her legal claim ...

The Edge Markets:

Maybank IB cuts Malaysia Airports target price to RM9

KUALA LUMPUR (April 22): Maybank Investment Bank Bhd (Maybank IB) is maintaining its "buy" call on Malaysia Airports Holdings Bhd (MAHB) but reduced its target price to RM9.00 from RM10.90 previously ...

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Maybank Investment Bank Bhd | Malaysia Airports Holdings Bhd | KUALA LUMPUR | Maybank IB | Quality of Service | Regulatory Asset Base | FBM KLCI | 27 | 4.53 million | 08 | 22 | 31 | 4.03 | 00 | 35 | 2019 | 90 | RM7.08 | RM10.90 | RM9.00 | May 27 | 2019 | April 22

The Edge Markets:

S&P assigns Resorts World Las Vegas BBB+ rating; outlook stable

SEOUL (April 22): Resorts World Las Vegas’ stable outlook reflects parent company Genting Bhd’s stable outlook, expecting strong support from co., S&P says.

The Edge Markets:

Construction, building materials and even an aspiring durian producer benefit...

KUALA LUMPUR (April 22): The revival of the Bandar Malaysia project is not only breathing new life into the share prices of big construction companies, but also building material players and even a du...

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Bandar Malaysia | PLS Plantations Bhd | KUALA LUMPUR | Tan Sri Lim Kang Hoo | Bursa Malaysia | IWCity | Ekovest Bhd | Lafarge Malaysia Bhd | Iskandar Waterfront City Bhd | Ekovest | PLS Plantations | Malaysian Resources Corp Bhd | Gamuda Bhd | WCT Holdings Bhd | Building materials providers | IJM Corp Bhd | Econpile Holdings Bhd | Gadang Holdings Bhd | DWL Resources Bhd | Rail Link | East Coast | Shares | 66 | 2.34 million | 30.3 | 3.49 | 20 | 30 | 29.5 | 33 | 44.8 | 29.4 | 97 | 231.19 million | 27 | 04 | 30 | 14.2 | 34 | 8 | 22 | 15 million | 32 | RM2.66 | RM1.04 | RM3.34 | RM1.27 | RM160 billion | RM1.32 | April 22

The Edge Markets:

Perak proposes to construct O&G processing centre in Manjung

IPOH (April 22): Perak has proposed to build oil and gas (O&G) processing centres in Teluk Senangin and Tanjung Hantu, in Manjung district, over the next four years.

Malay Mail:

Malaysia on right track to become global Islamic finance hub

KUALA LUMPUR, April 22 — Malaysia is on track to become the world’s leading global Islamic Finance Hub, says Deputy Finance Minister Datuk Ir Amiruddin Hamzah.

Malay Mail:

China stocks suffer in thin holiday trade

TOKYO, April 22 — Chinese stocks closed lower today on speculation authorities would limit monetary policy easing after signs of stabilisation in Asia’s top economy but trade was lacklustre with ...

The Star:

China stocks fall most in nearly 4 weeks on worries Beijing may slow policy easing

SHANGHAI: China stocks fell from a 13-month high on Monday, posting their worst session in nearly four weeks, as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some signs of stabilisation in the world's second-largest economy.

China | Beijing | SHANGHAI | CSI300 index | Corrections | Shanghai Composite Index | Communist Party | Investors | Shanxi Securities | March 25 | 2.3 | 4 | 025.61 | 1.7 | 25 | 6.4 | 13 | 3 | 215.04

The Star:

GuocoLand to spend US$1.8b on mixed-use Singapore project

SINGAPORE; Singapore developer GuocoLand Ltd. plans to spend S$2.4 billion ($1.8 billion) on a new mixed-use development on the fringe of the central business district.

The Star:

Petronas opens Malaysia's first auto expert centre

SHAH ALAM: Petronas Lubricants Marketing Malaysia (PLMM), together with Petronas Lubricants International (PLI), has launched Malaysia's first Petronas auto expert service centre, offering top-end products and high quality car maintenance services to customers.

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The Star:

Huawei Q1 revenue grows 39% to US$27b amid heightened US pressure

HONG KONG: Huawei Technologies said on Monday its first-quarter revenue jumped 39 percent to 179.7 billion yuan ($26.81 billion), in the Chinese technology firm's first-ever quarterly results.

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Huawei Technologies | HONG KONG | Ren Zhengfei | Chinese | Shenzhen | Guo Ping | U.S. | 5G contracts | 5G base stations | 5G telecoms gear | Washington | CNBC | 39 | 5 | 70 | 70 | 000 | 40 | 26.81 billion | 179.7 billion | 5 | 5 | 3 | 5 | 2018 | 100 | 000 | 15 | 8 | 59 million | 179.7 billion yuan | 2018

The Edge Markets:

The Week Ahead: Mahathir-Chinese leaders’ meeting, SRC trial in focus

This coming week, the focus will be on the meeting between Prime Minister Tun Dr Mahathir Mohamad and Chinese President Xi Jinping and Premier Li Keqiang in Beijing on Friday.

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The Edge Markets:

Sutera Mall scores double wins at EdgeProp Msia's Best Managed Property Awards...

PETALING JAYA (April 21): Tanah Sutera Development’s Sutera Mall in Skudai, Johor was honoured as the winner of two awards at EdgeProp Malaysia’s Best Managed Property Awards 2019.

The Edge Markets:

Sunway Property and Jeffrey Cheah recognised for commitment to sustainability

PETALING JAYA (April 21): Sunway Group founder and chairman Tan Sri Jeffrey Cheah and Sunway Property was honoured by the EdgeProp Malaysia’s Best Managed Awards 2019 for their commitment to sustain...

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The Edge Markets:

Deepak suit: High Court fixes May 10 for hearing of discovery application by...

KUALA LUMPUR (April 22): The High Court has fixed May 10 to hear the applications filed by the former premier Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor and one other to get 28 document...

Deepak Jaikishan | Datin Seri Rosmah Mansor | Abdul Azeez Abdul Rahim | Najib Razak | Datuk Azimah Omar | KUALA LUMPUR | The High Court | Baling | J. Rajesh | Inland Revenue Board | Carpet Raya Sdn Bhd | 45 | 31 | 2010 | 10 | 15 | 46 | 28 | 2004 | 22 | 22 | 2010 | 2004 | Nov 15 | Jan 22 | Dec 31 | May 10 | April 22

The Edge Markets:

Bank Negara int'l reserves rises to US$103.5 bil as at April 15

KUALA LUMPUR (April 22): Bank Negara Malaysia (BNM) recorded a US$500 million or 0.49% increase in its international reserves to US$103.5 billion as at April 15, 2019, compared to the US$103 billion i...

The Edge Markets:

Palm futures drop on profit-taking, bearish data

KUALA LUMPUR (April 22): Malaysian palm oil futures shed previous session's rally to edge lower on Monday as traders locked in gains and sold on technical data reflecting a bearish outlook.

KUALA LUMPUR | Malaysian | Palm | Palm oil prices | AmSpec Agri Malaysia | Palm prices | US | Bursa Malaysia Derivatives Exchange | Palm oil prices | Dalian | Crude | Chinese | Indian | India | RBD | Dalian Commodity Exchange | Chicago | 1 | 69.8360 | 0.4 | 22 | 2.5 million | 0.2 | 1350 | 20 | 10 | 181 | 1 | 0.3 | 1 | 0.3 | 6.7130 | 0.5 | US$1 | April 22 | April 1 | 20 | RM2 | 181 | US$527.45 | RM2 | 200 | US$1 | RM4.1350 | 527.45 | US$1 | 69.8360 Indian rupees | 1 | 0.3 | 1.8 | 200 | 0456

Malay Mail:

Malaysia on track to becoming global Islamic finance hub, says deputy minister

KUALA LUMPUR, April 22 — Malaysia is on the right track towards becoming a leading global Islamic finance hub in the near future, said Deputy Finance Minister Datuk Ir. Amiruddin Hamzah.

Malay Mail:

Bursa remains higher at mid-afternoon

KUALA LUMPUR, April 22 — Bursa Malaysia remained higher at mid-afternoon today on continued buying support, mostly in lower liners and the broader market shares, dealers said.

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Bursa Malaysia | KUALA LUMPUR | FBM KLCI | Turnover | Construction | Bandar Malaysia | Econpile | FBMT 100 Index | FBM Emas Shariah Index | Petronas Chemicals | Public Bank | ECRL | East Coast Rail Link | Bumi Armada | Ekovest | Plantation Index | Tenaga | Maybank | Industrial Products & Services Index | FBM 70 | FBM Ace | Financial Services Index | Bernama | FBM Emas Index | DWL | IHH | Malaysia Airports | Tasek | 15 | 4 | 697.69 | 55 | 297 | 554 | 76.57 | 1 | 627.93 | 70 | 97 | 3.21 billion | 69 | 344 | 30 | 3.06 | 08 | 0.49 | 39 | 11 | 402.04 | 74.5 | 1 | 622.07 | 70 | 11 | 798.08 | 719 | 100 | 0.91 | 7 | 229.82 | 16 | 821.83 | 19.5 | 09 billion | 90.22 | 0.79 | April 22 | RM2.09 billion | RM9.15 | RM22.54 | RM12.24 | RM8.93 | RM5.55 | RM5.69 | RM1.70 | RM7.08 | 108.06 | 4.84 | 14 | 626.88 | 24 | 22 | 77.16 | 244.37 | 16 | 93 | 54 | 31 | 31 | 169.09 | 1 | 622.56 | 5.86 | 54 | 11 | 587.46

Malay Mail:

Bank Negara international reserves up to US$103.5b as of April 15

KUALA LUMPUR, April 22 — Bank Negara Malaysia’s (BNM) international reserves increased to US$103.5 billion as at April 15, 2019 from US$103 billion as of March 29, 2019.

The Star:

CIMB allocates extra RM400m for IT, bank ops in 2019

KUALA LUMPUR: CIMB Bank Bhd says it will be more aggressive in investing in information and technology (IT) and bank operations in the 2019 financial year (FY19), allocating an additional RM400 million on top of its business-as-usual (BAU) allocation valued at RM500 million.

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KUALA LUMPUR | Zafrul Aziz | IT | CIMB Bank Bhd | BAU | Data segment | Technology | Bank Negara Malaysia | IPO launches | IPO | Performance | Forward23 | FTSE Russell | ROE | Bursa Malaysia | Bandar Malaysia | FY19 | East Coast Rail Link | ECRL | Malaysian | World Government Bond Index | 2018 | 2018 | 12 | 62 | 2019 | RM2 billion | RM500 million | RM400 million | 2018 | 2018 | 2019

The Star:

China, Japan a step closer to cross list exchange-traded funds

BEIJING: China and Japan made key progress on a program that will allow cross-listing of exchange-traded funds and make it easier for investors to buy shares in each other’s nations.

The Star:

Bank Negara foreign reserves up US$500mil mid-April

KUALA LUMPUR: Bank Negara Malaysia's international reserves rose by US$500mil to US$103.50bil as at April 15, 2019 from two weeks ago.

Bank Negara Malaysia | KUALA LUMPUR | IMF | 1.1bil | 2.4bil | 2019 | 15 | 29 | 103bil | 1.60bil | 1.1bil | 97.30bil | 7.7 | 103.50bil | 500mil | US$103bil | US$2.4bil | US$1.60bil | US$1.1bil | US$1.1bil | US$97.30bil | US$103.50bil | US$500mil | March 29 | April 15 | 2019

The Edge Markets:

The State of the Nation: The digital tax conundrum

THE 6% digital service tax, announced by the government last week and coming into force on Jan 1 next year, may face hurdles in its execution given that the foreign service providers caught under this...

The Edge Markets:

Lead Story: New administration piques RRJ Capital’s interest in Malaysia

THE change in Malaysia’s government last year has piqued the interest of RRJ Capital, a top Asian private equity fund that has some US$12 billion in assets under management.

The Edge Markets:

Frankly Speaking: The new rail deal

The revival of the controversial East Coast Rail Link (ECRL) project should be viewed within the larger context of long-term bilateral relations while ensuring that such projects yield maximum benefit...

The Edge Markets:

Destini expands services in its rail unit

KUALA LUMPUR (April 22): Destini Bhd has expanded its future service offerings to include the provision of total engineering solutions and services, civil works, rolling stock, project and asset manag...

KUALA LUMPUR | Destini Bhd | Abdul Rahman Mohamed Rejab | Destini Rail Sdn Bhd | DLP Rail Sdn Bhd | Malaysia | Destini Rail | DLP Rail | Bursa Malaysia | 29.5 | 19 | 5.41 million | 100 | 000 | 22 | 000 | 1.7 | 0.5 | RM100 | 000 | April 19 | April 22

The Edge Markets:

Digi 1Q net profit slides 11.6% on-year, declares 4.3 sen dividend

KUALA LUMPUR (April 22): Digi.Com Bhd's net profit fell 11.6% to RM341.5 million in the first quarter ended March 31, 2019 (1QFY19) from RM386.11 million a year earlier, as prepaid service revenue and...

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Digi | 1QFY19 | Digi.Com Bhd | KUALA LUMPUR | Bursa Malaysia | 5 million | 2019 | 8.4 million | 28 | 22 | 11.6 | 13.5 | 4.3 | 1 | 11 million | 9.19 million | 51 billion | 63 billion | 1 | 0.6 | 4.8 | 30 | RM1.63 billion | April 22 | March 31 | 2019 | May 30 | June 28 | 2019 | 2019 | 2018 | RM341.5 million | RM386.11 million | RM1.51 billion | 2019 | RM769 million | RM891 million | RM671 million | RM461 million | 25.3 | 2018 | 2019 | 31

The Edge Markets:

CIMB Group allocates RM900m capex for FY19

KUALA LUMPUR (April 22): CIMB Group Holdings Bhd is allotting RM900 million capital expenditure (capex) for the financial year ending Dec 31, 2019 (FY19), which will be used to enhance its information...

CIMB Group Holdings Bhd | IT | Datuk Seri Zafrul Aziz | FY19 | KUALA LUMPUR | ROE | BAU | Forward23 | BAU | Malaysia | IPOs | 1 | 7 | 2018 | 17 | 31 | 60 | 22 | 6 | 12 | 10 | 13 | 64 billion | 2019 | 4 | 45 | 1.97 | 4.5 | RM49.64 billion | RM5.17 | RM500 million | RM400 million | RM500 million | RM900 million | 2018 | Dec 31 | 2019 | April 22

The Edge Markets:

Power plants not affected by fire, says Malakoff

KUALA LUMPUR (April 22): Malakoff Corp Bhd says its Tanjung Bin Energy Power Plant (TBE) in Pontian, Johor, is not affected by a fire there early this morning.

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Tanjung Bin Energy Power Plant | KUALA LUMPUR | TBE | Malakoff Corp Bhd | Pontian | Johor | Fire and Rescue Department | Tanjung Bin Power Plant | TBE | April 22 | March 30 | June 9 | 1.13 million | 2 | 100 | 6 | 9 | 22 | 90 | 30

The Star:

Sudden rush to raise cash in China is burning stock investors

BEIJING: China’s cash-strapped companies are going to new lengths to raise money from the booming stock market, even if it comes at a cost to existing shareholders.

The Star:

Public Bank: Minimal impact if OPR is cut

KUALA LUMPUR: There will only be a minimal impact upon Public Bank Bhd should Bank Negara decide to lower the overnight policy rate (OPR), said its MD and CEO Tan Sri Tay Ah Lek.

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Tan Sri Tay Ah Lek | Bank Negara | Public Bank Bhd | KUALA LUMPUR | OPR | CEO | AGM

The Star:

Digi Q1 earnings drop 11.5% to RM341.5mil, 4.3 sen dividend declared

KUALA LUMPUR: Digi.com Bhd's net profit for the first quarter ended March 31 came in at RM341.5mil, 11.5% lower than in the previous corresponding quarter on the back of lower revenue.

ARPU | Digi.com Bhd | RM341.5mil | KUALA LUMPUR | Digi | Albern Murty | Ebitda | Internet subscribers | 1QFY19 | 80% | 61.9% | PF365 | Opex | 6.7 | 2.9 million | 13.5 | 13.7 | 31 | 2.8 | 4.3 | 450 | 000 | 1 | 44bil | 13.3 | 5mil | 4.9 | 0.4 | 11.3 million | 50 | 000 | 11.5 | RM1 | March 31 | RM341.5mil | RM671mil | RM71 | RM1 | RM29 | RM1.44bil | RM862mil | 19.1 | RM39 | RM490mil | RM723mil | 61.9 | 80 | 8.4 million | 1

The Edge Markets:

Bandar Malaysia resuscitation is positive for the local construction sector

KUALA LUMPUR (April 22): Hong Leong Investment Bank Research (HLIB) sees the revival of the Bandar Malaysia as positive to the local construction industry.

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The Edge Markets:

Two-month-old baby dies on AirAsia KL-Perth flight

KUALA LUMPUR (April 22): A two-month-old baby died on an AirAsia flight from Kuala Lumpur to Perth on Monday morning, The Sydney Morning Herald reported, citing the Western Australia Police Force's (W...

The Edge Markets:

No more uploading of court videos on social media, High Court judge rules

KUALA LUMPUR (April 22): The High Court has barred any uploading of court recordings on social media, following a clip of Datuk Seri Najib Razak's SRC International Sdn Bhd trial that was uploaded by ...

Najib Razak | SRC International Sdn Bhd | The High Court | Mohd Nazlan Mohd Ghazali | Isham Jalil | Muhammad Shafee Abdullah | KUALA LUMPUR | Datuk V Sithambaram | CRT | Islamic | AmBank | 1MDB | April 22 | April 19 | 20 | 2015 | RM42 million | 20 | 1 | 22 | 19 | 2015

The Edge Markets:

Efforts to enhance Orang Asli education main govt agenda - Mahathir

PUTRAJAYA (April 22): Efforts to improve the level of education among Orang Asli students remain a top agenda of the government, said Prime Minister Tun Dr Mahathir Mohamad today.

The Edge Markets:

AirAsia's Teleport making cross-border delivery possible in less than 24 hours...

KUALA LUMPUR (April 22): AirAsia Group Bhd group chief executive Tan Sri Tony Fernandes says the low-cost carrier group's Teleport team is making cross-border delivery/fulfilment like KL-Singapore pos...

The Edge Markets:

Benalec, DWL, Econpile, Ekovest, Gadang, Gromutual, Ho Hup, Kimlun, Malton, OCR

KUALA LUMPUR (April 22): theedgemarkets.com highlighted ten stocks with momentum at Bursa Malaysia's noon market close today. One stock displayed positive momentum while nine stocks showed negat...

Bursa Malaysia | KUALA LUMPUR | Gadang Holdings Bhd | Benalec Holdings Bhd | DWL Resources Bhd | Econpile Holdings Bhd | OCR Group Bhd | Malton Bhd | Gromutual Bhd | KimLun Corporation Bhd | Ho Hup Construction Company Bhd | Ekovest Bhd | 38 | 0.5 | One | 21.5 | 6.5 | 12 | 17 | 50 | 22 | 75.5 | 43 | 69 | 32.5 | 30 | 32 | 97 | 0.5 | 83.5 | 64 | 0.5 | RM1.43 | RM1.69 | April 22

The Edge Markets:

KLCI pares gains, stays up 0.34%

KUALA LUMPUR (April 22): The FBM KLCI pared some of its gains at the midday break today, but stayed up 0.34% after briefly breaching the 1,630-point level.

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KUALA LUMPUR | FBM KLCI | Lafarge Malaysia Bhd | Gainers | DWL Resources Bhd | Tasek Corp Bhd | Volume | Malaysian Resources Corp Bhd | Gadang Holdings Bhd | Bumi Armada Bhd | Petronas Dagangan Bhd | Kuala Lumpur Kepong Bhd | Rapid Synergy Bhd | Hong Leong Industries Bhd | Nestle (M) Bhd | Hengyuan Refining Company Bhd | Malaysia Airports Holdings Bhd | Iskandar Waterfront City Bhd | Ekovest Bhd | Gamuda Bhd | PLS Plantations Bhd | Sapura Energy Bhd | Econpile Holdings Bhd | Iris Corp Bhd | Prices | US | Ekovest | Indonesia | Southeast Asian | Reuters | Wall Street | Affin Hwang Capital Research | 22 | 0.1 | 1 | 627.59 | 2.56 billion | 71 billion | 1 | 609.83 | 0.34 | 1 | 615 | 12.30 | 1 | 630.91 | 409 | 223 | 5.52 | 1 | 615 | 1 | 630 | 1 | 622.07 | 1 | 630 | 491 | 2.34 | 1 | RM1.71 billion | April 22

Malay Mail:

Kenanga maintains ‘neutral’ call on automotive sector

KUALA LUMPUR, April 22 — Kenanga Research has maintained its “neutral” call on the automotive sector, despite the industry experiencing an increase in sales growth.

KUALA LUMPUR | Kenanga Research | YoY | TIV | MoM | MoM sales growth | Malaysian Automotive Association | MAA | Kenanga Research | TIV | Bernama | 22 | 2019 | 143 | 064 | 2019 | 2019 | 24 | 2019 | 2019 | 54 | 776 | 2019 | 600 | 000 | 31 | March 2019 | April 2019 | 2019 | 2019 | March 31 | 2019 | March 2019 | April 22

The Star:

This world-beating stock may just be everyone’s cup of cocoa

KUALA LUMPUR: Chocolate demand in Asia is booming, and this Malaysian company sits at the epicenter.

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The Star:

AmBank bags a ‘double’ at CGC SME awards

KUALA LUMPUR: AmBank (M) Bhd bagged the Top Financial Institution (FI) Partner Award for Commercial category and Top FI Award for the Bumiputera category at the recent CGC SME Awards 2018.

The Star:

Alliance Bank, Zurich Malaysia ink bancassurance and bancatakaful agreement

KUALA LUMPUR: Alliance Bank Malaysia Bhd and its unit, Alliance Islamic Bank Bhd, have inked a 15-year bancassurance and bancatakaful agreement with Zurich General Insurance Malaysia Bhd and Zurich General Takaful Malaysia Bhd which will see a partnership value of RM200 million.

The Star:

Carlos Ghosn indicted on new charges by Tokyo prosecutors

TOKYO: Carlos Ghosn was indicted on new charges of misdirecting company money for his personal use, the most serious allegations yet against the former chairman of Nissan Motor Co.

The Edge Markets:

Digi says 1Q net profit at RM342m versus RM386m a year earlier

Digi | RM342m | RM386m | 1

The Edge Markets:

S P Setia gets the Gold award for its beautiful landscape at Lepironia Garden

PETALING JAYA (April 19): S P Setia’s Lepironia Garden project is one of the Gold winners for EdgeProp-ILAM Malaysia’s Sustainable Landscape Award 2019.

The Edge Markets:

Ringgit, bonds extend drop as outflow fears persist

KUALA LUMPUR (April 22): Malaysia’s ringgit falls and bonds extend losses as fears of a capital flight from the nation persist, with even the revival of a $34b property and transport hub failing to ...

MYR | Malaysia | KUALA LUMPUR | Qi Gao | Resistance | Scotiabank | Rate Cut | FTSE Russell | Ringgit Bond Rally | Iran | U.S. | Singapore | Govt | Foreign-exchange reserves data | Bandar Malaysia | 1MDB | Nik Mukharriz | Sentiment | Index Outflow Looms | Mahathir Mohamad | CIMB | 4.0545 | 22 | 10 | 0.1 | 4.1785 | 1 | 3 | 7 | 4.0930 | 103 | 0.5 | 4.0740 | 4.1500 | 3.95 | 3 | 4.1363 | 34 | 4.20 | 4.15 | 4.1925 | April 22

The Edge Markets:

Encore Melaka recognised for its contribution to the nation

PETALING JAYA (April 21): Encore Melaka, a state-of-the-art theatre built by Yong Tai Bhd’s ambitious Impression City development in Melaka received the EdgeProp Editor’s Choice Award: Exemplary R...

The Edge Markets:

Court sets May 6 to hear application to transfer Musa Aman's cases to High Court

KUALA LUMPUR (April 22): The court has set May 6 as the date for the hearing of the application to transfer Tan Sri Musa Aman's corruption and money laundering cases to the High Court.

Tan Sri Musa Aman | Datuk Raja Rozela Raja Toran | High Court | KUALA LUMPUR | Francis Ng Aik Guan | Richard Christopher Barnes | Mohamed Zaini Mazlan | Sabah | Hong Kong | UBS AG | Bank account | Singapore | Barnes | 2.5 million | 37.8 million | 16 | 0/231 | 2006 | 21 | 16 | 22 | 6 | 117/01 | 25 | 63 million | 35 | 35 | 9 | 14 | 21 | 0/231 | 6 | 3 | US$63 million | April 22 | May 6 | April 9 | April 29 | May 3 | May 6 | Nov 5 | June 21 | 2006 | June 21 | 2006 | March 25 | 2008 | 00 | US$37.8 million | S$2.5 million | 29 | 2006 | 16 | 2008 | 5 | 117/01 | 00

Malay Mail:

Report: Ex-Nissan boss Ghosn hit with fresh charge

TOKYO, April 22 — Former Nissan boss Carlos Ghosn was reportedly charged today with financial misconduct, the fourth set of formal charges against the former auto sector tycoon.

The Star:

Construction plays keep gains headed into midday, oil prices on a tear

KUALA LUMPUR: Construction stocks were in the spotlight in the morning section as counters seen to benefit from the resumption of the Bandar Malaysia project rocketed on the news of its revival.

Iskandar Waterfront City | Ekovest | Bandar Malaysia | KUALA LUMPUR | Construction stocks | FBM KLCI | Banks | Trading volume | Oil prices | IWCity | Tasek | Public Bank | Hong Leong Bank | Malaysia | RM1.71bil | Maybank | Econpile | DWL | Lafarge | Gamuda | CIMB | RHB | Nikkei Index | US | Japan | Iran | Brent | Singapore | CSI300 Index | Shanghai Composite Index | Ambank | Asian | Easter | 5.52 | 04 | 12.30 | 54 | 61 | 1.4 | 330 | 17 | 69 | 84 | 17 | 75.5 | 69 | 30 | 81 | 71 | 26 | 10 | 45 | 2 | 48 | 34 | 54 | 1 | 627.59 | 3.0490 | 5.3751 | 97 | 32 | RM1.84 | RM1.32 | RM5.69 | RM1.69 | RM2.71 | RM3.34 | RM1.71bil. | RM9.16 | RM5.17 | RM22.54 | RM5.81 | RM20.04 | RM4.45 | RM1.61 | RM65.61 | 534 | RM73.81 | 4.1368 | 61 | 81 | 30 | 0.1 | 259 | 38 | 2.56 billion | 71bil. | 16

The Star:

Inova Solutions, Inova Care form regional alliance with UCrest

KUALA LUMPUR: Inova Solutions Limited, Inova Care LLC and UCrest Bhd have executed a collaboration agreement to develop and distribute UCrest’s portfolio of innovative and technology-driven health care products and services in North America and Asia on a mass and niche basis using multiple distribution channels.

The Edge Markets:

Tan Wei Lian has not engaged Seacera on RM30m injection plan, co says

KUALA LUMPUR (April 22): Seacera Group Bhd says today it is unable to confirm the veracity of a news article which claimed Datuk William Tan Wei Lian pledged to inject at least RM30 million into the t...

Reference | Datuk William Tan Wei Lian | Seacera Group Bhd | KUALA LUMPUR | Tan | Bursa Malaysia | The Star Online | 2019 | 47 million | 2019 | 22 | 18 | 19 | 2018 | 16.4 | 31 | RM30 million | RM5.47 million | RM100 million | RM30mil | RM30mil | RM30 million | April 18 | 2019 | Dec 31 | 2018 | April 19 | 2019 | April 22

The Edge Markets:

King condemns Sri Lanka attacks

KUALA LUMPUR (April 22): The Yang di-Pertuan Agong, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah, today strongly condemned the devastating multiple explosions in Sri Lanka on Easter Sunday y...

The Edge Markets:

Public Bank aims to approve RM50b in mortgage loans, RM40b SME loans in three...

Public Bank aims to approve RM50b in mortgage loans, RM40b SME loans in three years

Public Bank | SME | RM50 | RM40

The Edge Markets:

Henry Butcher Malaysia’s hard work pays off, takes home multiple awards

PETALING JAYA (April 21): Henry Butcher Malaysia (Mont Kiara) Sdn Bhd’s dedication and hard work has paid off as the property and facility management firm bagged three awards at EdgeProp Malaysia’...

The Edge Markets:

Malaysia's Apr 1-20 palm oil exports fall 1.8% — Amspec Malaysia

(April 22): Malaysia's Apr 1-20 palm oil exports seen at 892,477 tonnes versus Mar 1-20 at 908,718 tonnes, says Amspec Malaysia.

Malaysia | Amspec | April 22 | Apr 1 | 20 | Mar 1 | 20 | 1 | 892 | 477 | 20 | 22 | 908 | 718 | 1 | 20

The Edge Markets:

Perdana ParkCity takes home two Awards for EdgeProp Malaysia’s Best Managed...

PETALING JAYA (April 21): For Perdana ParkCity Sdn Bhd, the master developer of Desa ParkCity and a unit of Sarawak-based Samling Strategic Group, building a sustainable township is to create a “lov...

The Edge Markets:

Tan Sri Jeffrey Cheah named Malaysia’s Exemplary Leader of Sustainable...

PETALING JAYA (April 19): Tan Sri Jeffrey Cheah of Sunway Group took the centre stage at EdgeProp Malaysia’s Best Managed Property Awards 2019’s gala dinner when he received the only personality a...

The Edge Markets:

IOI Properties' value emerges, says RHB Research

KUALA LUMPUR (April 22): RHB Research Institute Sdn Bhd has upgraded IOI Properties Bhd to "buy" from "neutral", with an unchanged target price of RM1.76, which offers 36% upside plus 5% yields.

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IOI Properties Bhd | China | RHB Research Institute Sdn Bhd | KUALA LUMPUR | RHB Research | Xiamen 2 | RHB Research | Xiamen 3 | Xiamen 1 | Xiang An | South Beach Residences | Singapore | GDV | East Coast Rail Link | ECRL | FY20 | FY19 | 2019 | 1 | 20 | 20 | 80 | 76 | 36 | 2018 | 30 | 22 | 10 | 3 | 2 | 2 | 15 | 1 billion | S$1 billion | RM400 million | RM1.76 | December 2018 | April 22

Malay Mail:

Bursa stays higher at mid-morning

KUALA LUMPUR, April 22 — Bursa Malaysia stayed higher at mid-morning today, spurred by buying momentum mainly in financial and construction stocks, dealers said.

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Bursa Malaysia | AmInvestment Bank | KUALA LUMPUR | East Coast Rail Link | FBM KLCI | GE14 | Turnover | Chinese | Bandar Malaysia | Malaysia | China | Equity Research | China Communications Construction Company Ltd | Putrajaya | Iris | Econpile | FBMT 100 Index | Ekovest | Tasek | FBM Emas Shariah Index | FBM Emas Index | DWL | Nestle | IHH | Public Bank | Petronas Chemicals | Tenaga | Maybank | 5 billion | 11 | 398.34 | 73.46 | 1 | 629.14 | 39 | 71.5 | 1 | 820 | 1.64 billion | 93.5 | 233 | 45 | 22 | 18 | 80.76 | 11 | 577.99 | 335 | 5 billion | 13 | 70 | 87.83 | 446 | 11.00 | 1 | 622.56 | 17 | 2019 | 14 | 58 | April 22 | RM1.07 billion | RM21.5 billion | RM44 billion | RM65.5 billion | RM9.18 | RM22.58 | RM12.26 | RM5.58 | RM8.94 | RM5.60 | RM1.70 | RM146.90 | 26.5 | 26 | 58 | 60 | 900 | 30 | 31 | 90 | 100 | 1 | 622.07 | 94 | 12 | 7.07 | 0.49 | 07 billion

Malay Mail:

MRCB’s shares up following revival of Bandar Malaysia project

KUALA LUMPUR, April 22 — Malaysian Resources Corporation Bhd’s (MRCB) shares were on an uptrend today following the revival of the Bandar Malaysia project.

MRCB | MIDF Research | Bandar Malaysia | Mahathir Mohamad | KUALA LUMPUR | TP | PJ Sentral | GDV | MIDF Research | KL Sentral | GDV | Bumiputera | Sungai Besi | Wondrous Vista Development Sdn Bhd | TRX City Sdn Bhd | Bandar Malaysia TOD | TOD | Bernama | 196.677 | 05 | 36.42 million | 2017 | 15 | 8.33 | 04 | 11.42 | 90 | 486 | 2017 | 22 | 25 | 25 | RM1.04 | RM200 billion | RM140 billion | RM1.05 | May 2017 | January 2017 | April 22

The Edge Markets:

Foreign selling rose to RM433.4m last week, says MIDF Research

KUALA LUMPUR (April 22): Foreign selling of local equity on Bursa Malaysia rose to RM433.4 million last week from RM289.3 million the prior week, according to MIDF Amanah Investment Bank Bhd Research.

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The Edge Markets:

Palm oil may retest resistance RM2,227

SINGAPORE (April 22): Palm oil may retest a resistance at RM2,227, as it has stabilised around a support at RM2,191 per tonne.

Palm oil | Wang Tao | SINGAPORE | RM2 | 50% | Reuters | 321 | 50 | 22 | 246 | 2018 | 940 | 038 | 344 | 227 | 86.4 | 191 | 038 | 896 | 61.8 | 27 | RM2 | 321 | RM2 | 896 | RM2 | 246 | RM1 | 940 | RM2 | 038 | RM2 | 038 | RM2 | 344 | RM2 | 191 | RM2 | 227 | Nov 27 | 2018 | April 22

The Edge Markets:

Rate cut may not save ringgit bond rally as index outflow looms

KUALA LUMPUR (April 22): A storm is brewing for Malaysian bonds, as the threat of an US$8 billion outflow and a falling ringgit erode sentiment, even in the face of a likely interest-rate cut.

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Malay Mail:

Dual-screen smartphone maker YotaPhone declared bankrupt

KUALA LUMPUR, April 22 — More than five years ago, YotaPhone was one of the first smartphone makers to come out with a dual-display device.

YotaPhone | YotaPhone 2 | KUALA LUMPUR | Snapdragon | HD | Cayman Islands Supreme Court | Hi-P Singapore | Malaysia | Russian | Pro 7 | Meizu | Nubia X | Huawei Mate X | 32GB | 2GB RAM | Vivo NEX Dual-Display Edition | Samsung Galaxy Fold | SoyaCincau | Snapdragon 800 | 126 million | 22 | 7 | 32 | 5 | 2 | 800 | 2.2 | 7 million | 400 | 75 | 000 | 2 | 2 | 4.7 | 699 | RM1 | 699 | RM520.7 million | US$126 million | April 22

Malay Mail:

Asia stocks firm, oil hits five-month peak on Iran sanctions report

TOKYO, April 22 — Asian shares were steady today as investors took stock of recent data suggesting global growth may be stabilising, while oil prices spiked on a report the US is likely to ask all i...

Malay Mail:

Miti vows to attract quality investments in country

KUALA LUMPUR, April 22 — A year has almost passed since last May’s watershed general election which saw a historic change, not only in government, but Malaysia’s entire political landscape wh...

The Star:

China names Chen Siqing to head world's largest bank

SHANGHAI: China has named a new chief for Industrial & Commercial Bank of China Ltd., the world’s largest lender by assets, people with knowledge of the matter said.

The Star:

AmInvest Research positive on Bandar Malaysia, firm Malaysia-China ties

KUALA LUMPUR: AmInvestment Bank Research is maintaining its end-2019 FBM KLCI target of 1,820 and sees the market already at the bottom.

The Star:

Qatar fund buys Manhattan assets

NEW YORK: Qatar is betting big on some prime retail on Fifth Avenue and Times Square.

The Star:

PeoplExperience launches new-age digital marketing in Malaysia

KUALA LUMPUR: PeoplExperience, the digital marketing consultancy arm of People ‘n Rich-H group of companies, is officially launched with the appointment of Karan Tyagi as its CEO and Naveen Thomas as director, digital and analytics.

The Edge Markets:

Haris能让FGV复苏吗？

FGV Holdings Bhd | Datuk Haris Fadzilah Hassan | FELDA | FGV股价跌至 | FGV制定了前进的方向.他并没有掩饰手头任务的困难 | Haris上任 | FGV员工举行 | The Edge | Google Play | Android | Town Hall Meeting | 2018 | 2018 | 10 | 1 | 63.5 | 13 | 31 | 1 | 12 | 100 | 12 | 22

The Edge Markets:

Iskandar Waterfront City jumps 29% climbing the most in 2019

KUALA LUMPUR (April 22): Iskandar Waterfront City Bhd shares rose 29 percent, more than any full-day gain since July 19.

Iskandar Waterfront City Bhd | KUALA LUMPUR | Market Metrics | Trading volume | Market Insights | RM1.02 | 32 | 20 | 2018 | 40 | 19 | 29 | 22 | 02 | 23 | RM1.02 | RM1.32 | April 23 | 2018 | July 19 | April 22

The Edge Markets:

KNM dips 3.12% on private placement plan

KUALA LUMPUR (April 22): Shares in KNM Group Bhd fell 3.12% this morning after it proposed to raise up to RM36.36 million via a private placement to third party investors to be identified later, to fi...

KUALA LUMPUR | Shares | KNM Group Bhd | Chachoengsao | Thailand | 10% | April 22 | RM36.36 million | RM36.36 million | 9.22 | 963 | 500 | 36 million | 36 million | 234.61 million | 0.5 | 15.5 | 22 | 3.12 | 10

The Edge Markets:

Market to re-rate as Malaysia-China ties warm, says AmInvestment

KUALA LUMPUR (April 22): AmInvestment Bank Research has maintained its our end-2019 FBM KLCI target of 1,820 points.

The Edge Markets:

KLCI starts week on positive note, IWCity & Ekovest in focus

KUALA LUMPUR (April 22): The FBM KLCI started the week on a positive note this morning, as regional markets were steady, while Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd were in focus follo...

FBM KLCI | Ekovest Bhd | IWCity | KUALA LUMPUR | Iskandar Waterfront City Bhd | Bandar Malaysia | Mike Pompeo | DWL Resources Bhd | Gamuda Bhd | PLS Plantations Bhd | U.S. | Asian | Brent futures | Lafarge Malaysia Bhd | Iranian | Good Friday | Reuters | Washington Post | State Department | Kenanga IB Research | S1 | S2 | 1 | 600 | 1.41 | 1 | 615 | 1 | 700 | 1 | 660 | 1 | 623.48 | 0.4 | 2.34 | 1 | 622.07 | 9.05 | 22 | 2 | May 2 | April 22

The Edge Markets:

Bursa battered on several fronts

KUALA LUMPUR: Not even a month into the second quarter of the year (2Q19), Bursa Malaysia has been tagged as the “worst performing major stock market of the year”.

FBM KLCI | Bursa Malaysia | KUALA LUMPUR | 1Q19 | FTSE Russell | Bandar Malaysia | Ang Kok Heng | East Coast Rail Link | Putrajaya | Edge Financial Daily | World Government Bond Index | Fears | Morgan Stanley | Maybank Kim Eng | Malaysian | Phillip Capital Management Sdn Bhd | April 12 | US$8 billion | RM33 billion | 12 | 1 | 622.07 | 1 | 619.73 | 1 | 2 | 1628.66 | 1 | 12 | 4.05 | 8 billion | 1 | 895.18

The Edge Markets:

Gadang casts eye on ECRL jobs

KUALA LUMPUR: Gadang Holdings Bhd could be back in action soon.

Malay Mail:

Tesla says investigating incident of parked car exploding in Shanghai

SHANGHAI, April 22 — US electric vehicle maker Tesla Inc today said it had sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding.

Malay Mail:

Ringgit opens lower as demand slows

KUALA LUMPUR, April 22 — The ringgit traded slightly lower against the US dollar in early trade today, despite better crude oil prices.

US | KUALA LUMPUR | Brent | British | Singapore | Bernama | Japanese Yen | 3792 | 3.0473 | 0.97 | 9.05 | 3.6896 | 4.6452 | 6502 | 6506 | 1350 | 5.3666 | 4.6446 | 3710 | 4.1300 | 22 | 5.3707 | 0541 | 1350 | 0514 | 6933 | 72.64 | 4.1320 | 6949 | 3.0481 | 3.6898 | US$72.64 | April 22

The Star:

Construction stocks to the fore on Bandar Malaysia revival

KUALA LUMPUR: Construction stocks advanced on Monday with Ekovest and Iskandar Waterfront City (IWC) taking the lead after the government revived the Bandar Malaysia development.

Ekovest | Construction stocks | Iskandar Waterfront City | KUALA LUMPUR | Turnover | Bandar Malaysia | Advancers | KLCI | DWL | Equities markets | Good Friday | RM491.93mil | Asian | Bursa Malaysia | Malaysia | CEO | GDV | Chinese | IWCity | Iranian | Asia-Pacific | MSCI | Japan | WB | CT | DWL Resources | Reuters | Gadang | Prime Minister's Office | Lafarge | Datuk Seri Shahril Mokhtar | Mass Rapid Transit Corporation Sdn Bhd | Cement players | Gadang Holdings | Gamuda | MRCB | Air Force | Sungai Besi | Tasek | 9.44 | 39 | 0.33 | 18 | 93mil. | 26 | 32 | 42 | 30 | 51 | 1 | 627.49 | 5.42 | 21.5 | 04 | 914.35 million | 256 | RM491.93mil. | RM1.32 | RM140bil | RM5.44 | RM2.51 | RM1.70 | RM3.26 | RM1.04 | 29 | 483 | 70 | 24 | 92.5 | 44 | 178 | 18 | 338 | 14.5 | 25.5 | 79.5

The Star:

Trading ideas: Maybank, PetDag, TM, UEM Sunrise, KNM, DWL

KUALA LUMPUR: JF Apex Research expects Malayan Banking Bhd (Maybank), Petronas Dagangan Bhd, Telekom Malaysia Bhd, UEM Sunrise Bhd, KNM Group Bhd and DWL Resources Bhd to be among the stocks to watch on Monday.

The Star:

Earnings deluge could make or break sentiment

NEW YORK: This week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by US companies.

US | NEW YORK | 35% | S&P 500 | Ken Polcari | Kim Forrest | Amazon | Facebook | Refinitiv | 76% | Butcher Joseph Asset Management | United Technologies | Dow | Exxon Mobil | Microsoft | Coca-Cola | Pittsburgh | Bokeh Capital Partners | 77 | 35 | 9.2 | 1 | 76 | 1994 | 77.9 | 2016 | 6.5 | 500 | 65 | 9 trillion | 155 | 500 | 1.7 | 2.1 | US$9 trillion | 1994 | Oct 1 | 2016

The Edge Markets:

Focus Lumber may rebound higher, says RHB Retail Research

KUALA LUMPUR (April 22): RHB Retail Research said Focus Lumber Bhd may rebound higher after it continued holding above the RM1.52 support.

Focus Lumber Bhd | RHB Retail Research | KUALA LUMPUR | April 22 | RM1.52 | RM1.59 | RM1.52 | RM1.70 | RM1.78 | 78 | 52 | 22 | 59 | 52 | 70

The Edge Markets:

Kimlun may rise higher, says RHB Retail Research

KUALA LUMPUR (April 22): RHB Retail Research said Kimlun Corp Bhd may rise higher after it breached above the RM1.33 threshold.

Kimlun Corp Bhd | RHB Retail Research | KUALA LUMPUR | April 22 | RM1.33 | RM1.33 | RM1.27 | RM1.46 | RM1.58 | 22 | 58 | 33 | 46 | 27 | 33

The Edge Markets:

Govt mulls equity swap for KWAP, Tabung Haji’s 1MDB bonds

KUALA LUMPUR: 1Malaysia Development Bhd’s (1MDB) debt woes are far from over as far as Malaysians are concerned.

The Edge Markets:

Day 6 of Najib's SRC trial

KUALA LUMPUR (April 22): Datuk Seri Najib Razak's SRC trial enters its sixth day today amidst controversy over the former premier's aide uploading a court video recording on his Facebook account, wh...

The Edge Markets:

AllianceDBS Research downgrades Axiata, lowers target to RM4.30

KUALA LUMPUR (April 22): AllianceDBS Research has downgraded Axiata Group Bhd to “Hold” at RM4.04 with a lower target price of RM4.30 (from RM4.70) and said Axiata’s share price has recovered by...

RM4.04 | AllianceDBS Research | KUALA LUMPUR | Axiata Group Bhd | RM4.70 | Celcom | TP | Downgrade | Malaysian | Indonesian | XL | RM4.30 | Bangladesh | EV/EBITDA | Sri Lanka | Nepal | 2018 | 24 | 70 | 4 | 3 | 22 | 04 | 30 | 6.3 | 30 | RM4.30 | RM4.70 | RM4.30 | RM4.04 | 2018 | April 22

The Star:

Telco investors should watch for timing of spectrum allocation, fees and capex, says Affin Hwang

KUALA LUMPUR: The current newsflow on 5G is not expected to affect the telcos' near-term share price performance, says Affin Hwang research.

5G | KUALA LUMPUR | Affin Hwang Capital | Mahathir Mohamad | Al-Ishsal Ishak | 5G rollout | 5G rollout | 700MHz spectrum | South Korea | 5G technology | Malaysian | 5G growth | MCMC | 5G specrum | National Fiberisation and Connectivity Plan | NFCP | National 5G Task Force | Affin Hwang | 2019 | 5 | 5 | 5 | 700 | 5 | 5 | 5 | 3.5 | 5 | 5

The Star:

Firmer China economy, US-China trade deal to shore up ringgit

KUALA LUMPUR: Firmer China economic data and a possible US-China trade deal should help shore up the ringgit over the longer term though the local unit could face some headwinds over the shorter term.

The Star:

Success Transformer seen benefiting from LED street lights plan

PETALING JAYA: Industrial lighting manufacturer Success Transformer Corp Bhd (STC) is expected to benefit from the government’s plan to replace street lights nationwide with light-emitting diodes (LED) street lighting.

STC | Success Transformer Corp Bhd | LED | PETALING JAYA | Trimax | Internet of Things | Zuraida Kamaruddin | CGS | 80% | Housing | CGS-CIMB | IoT | Malaysia | 78% | OEM manufacturer | SES | QPS | Nikkon | Southeast Asia | June 30 | 2018 | 31.5 | 80 | 872 | 269 | 30 | 2018 | 78

The Star:

No oversupply fear

PETALING JAYA: The building of 10,000 units of affordable housing in the revived Bandar Malaysia will not result in an oversupply because there is a lack of them in the city, property consultants, an economist and government housing agency PR1MA said.

The Star:

Independence of central banks in question

RUMBLINGS of concern over central bank independence have erupted into full-blown debates on attempts by populist leaders to influence decision-making at central banks.

The Star:

Payment woes for contractors

PETALING JAYA: The weak property market in recent years has resulted in a competitive tendering environment for building construction jobs, with some contractors willing to cut prices in their efforts to secure new jobs, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee.

The Star:

Spritzer to spend RM25mil on PET plant and solar projects

GEORGE TOWN: Bottled water company Spritzer Bhd will spend about RM25mil over the next two years to expand its PET (polyethylene terephthalate) plant, water-processing capacity and solar power projects to keep up with the group’s enlarged customer base and enhance its competitive edge.

The Star:

Maybank expects to record over RM120mil in ASB investments at MSAM 2019

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects to record a 15% increase in ASB unit trust investments at the week-long Minggu Saham Amanah Malaysia (MSAM 2019) in Sungai Petani, Kedah, totalling some RM120mil compared with RM104mil at the previous MSAM last year.

The Star:

Khazanah closes London office

PETALING JAYA: A US$33bil Malaysian sovereign wealth fund has shut down its London office to focus on investments in Asia in the wake of an investment scandal that implicated the country’s former prime minister, says UK-based The Sunday Times.

The Star:

Keep close watch on household debt

PETALING JAYA: The household debt level in the country still needs to be monitored closely as it could pose risks despite a steady decline after hitting its peak in 2015.

GDP | GDP | PETALING JAYA | Anthony Dass | Economists | GDP trend | AmBank Group | Malaysia | Bank Negara | Estimation | StarBiz | Moody's Investors Service | GDP growth forecast | International Monetary Fund | 1.1 | 83 | 2018 | 2019 | 88.4 | 4.7 | 2015 | 4.4 | 5 | 4.7 | 2019 | 2015 | 4.3 | 4.8 | 2019 | 2018 | 2019 | 2015 | 2015

The Star:

More meaningful brands

PETALING JAYA: In the wake of global economic uncertainties, consumers are using their buying power to make a stand. And the power of consumers to impact change is greater than ever.

Brands | PETALING JAYA | Andreas Vogiatzakis | Malaysia | Meaningful Brands 2019 | 63% | 90% | Havas Group | Havas Media | KPIs | StarBiz | YouTube | 2019 | 2019 | 63 | 72 | 473 | 000 | 10 | 90 | 4m | 55

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