Business

The Edge Markets:

Hajiji reveals his secret for staying relevant in Sulaman

KOTA KINABALU (Sept 21): Datuk Hajiji Noor, 65, is a household name especially in the Sulaman constituency for being a humble leader who keeps his cool and is always ready with a smile.

Malay Mail:

Wall St falls on virus fears, stimulus uncertainty

SEPT 21 — Wall Street’s main indexes slipped at the open today as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears abou...

Malay Mail:

HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows

HONG KONG, Sept 21 — HSBC’s shares in Hong Kong and Standard Chartered’s in London fell today to their lowest since at least 1998 after media reports that they and other banks, including Barclay...

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Malay Mail:

EU gives post-Brexit reprieve to London clearing houses

BRUSSELS, Sept 21 — The EU today adopted a crucial emergency measure to safeguard the stability of financial markets after the Brexit transition period ends on December 31.

The Star:

Shanghai warns investors against plotting on STAR IPO prices

SHANGHAI (Reuters): China's Shanghai Stock Exchange warned investors on Monday against colluding to suppress the price of initial public offerings on its Nasdaq-style market.

The Star:

Leweko proposes rights issue

KUALA LUMPUR (Bernama) -- Leweko Resources Bhd's proposed rights issue will allow the company to preserve funds for its construction division as the management expects its construction activities to increase in the near term.

The Edge Markets:

Green Packet partners with MMAG to venture into foreign worker e-wallet

KUALA LUMPUR (Sept 21): Green Packet Bhd has teamed up with MMAG Holdings Bhd, whose share price shot up 29.37% today, to set up a digital payment system for migrant workers.

The Edge Markets:

Ahmad Zahid undergoes COVID-19 screening, tomorrow's trial postponed

KUALA LUMPUR (Sept 21): The High Court here today allowed an application by Datuk Seri Dr Ahmad Zahid Hamidi to have his trial scheduled this afternoon and tomorrow postponed, as the former Deputy Pri...

The Edge Markets:

EVENING 5: Five things you need to know today

Dirty dealings. Corporate battles.

The Edge Markets:

Gabungan AQRS sues ex-CFO for over RM13m loss

KUALA LUMPUR (Sept 21): Gabungan AQRS Bhd is suing its former executive director and group chief financial officer (CFO) Bernard Lim Soon Chiang for alleged negligence in the loss of more than RM13 mi...

Malay Mail:

Airbus aims for hydrogen-powered plane by 2035

PARIS, Sept 21 — Airbus is aiming to put the world’s first hydrogen-powered commercial plane into service by 2035, the European aircraft maker’s boss said in remarks published today.

Malay Mail:

Bailout will keep Air France-KLM afloat for less than year, says CEO

PARIS, Sept 21 — Bailouts provided to Air France-KLM by the French and Dutch governments will keep the airline flying less than a year, its CEO Benjamin Smith said today and evoked the possibility o...

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The Edge Markets:

Belittling security forces an act of betrayal — Azmin

KOTA KINABALU (Sept 21): Malaysians have a responsibility to defend the country’s sovereignty and territorial integrity and any action to the contrary is unpatriotic and amounts to betraying the cou...

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The Edge Markets:

Sabah polls: Sabahans want solution to lack of employment opportunities

KUALA LUMPUR (Sept 21): Any party wishing to form the new Sabah State Government needs to offer a solution to the lack of employment opportunities that has prompted many young Sabahans to move to the ...

Malay Mail:

Sapura Energy founder to pass torch to Mohd Anuar Taib in March

KUALA LUMPUR, Sept 21 — Oil and gas magnate Tan Sri Shahril Shamsuddin will be retiring from Sapura Energy Bhd next year.

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The Edge Markets:

Superlon posts RM3.8m net profit in 1Q, declares 0.75 sen dividend

KUALA LUMPUR (Sept 21): Superlon Holdings Bhd’s net profit jumped 52.72% to RM3.79 million in the first quarter ended July 31, 2020 (1QFY21) versus RM2.48 million a year ago, thanks to a net impairm...

The Edge Markets:

DNeX appoints former PetDag CEO and MD Syed Zainal Abidin as new MD

KUALA LUMPUR (Sept 21): Dagang NeXchange Bhd (DNeX) has appointed Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as its new managing director (MD) effective Oct 1 as part of its efforts to drive the...

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The Edge Markets:

Scientex to buy 202-acre land in Pulai for RM185m

KUALA LUMPUR (Sept 21): Scientex Bhd is acquiring 202 acres of land in Pulai, Johor, for RM185 million, bringing its total landbank to more than 5,700 acres.

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The Edge Markets:

KPPK cooperates with stakeholders in commercial development of bamboo

KUALA LUMPUR (Sept 21): The Ministry of Plantation Industries and Commodities (KPPK) through the Malaysian Timber Industry Board (MTIB) says it will continue to cooperate with stakeholders especial...

The Edge Markets:

Sabah election: Ghulam rides on humbling tune of 'Jomo Bioso' to defend Kawang

PAPAR (Sept 21): The humbling lyrics of Bajau song ‘Jomo Bioso’ (Ordinary People) have been embedded in the heart of four-term Kawang state assemblyman Datuk Ghulam Haidar Khan Bahadar sin...

The Edge Markets:

Muhyiddin to make UNGA debut as Malaysia's prime minister today

PUTRAJAYA (Sept 21): Tan Sri Muhyiddin Yassin is set to make his maiden address, virtually, at the United Nations General Assembly (UNGA) in New York as Malaysia's Prime Minister later today.

The Edge Markets:

Ex-counselling teacher's seven years' jail for supporting Daesh upheld

PUTRAJAYA (Sept 21): The Court of Appeal has upheld the seven years' jail sentence imposed on a former secondary school counselling teacher for supporting Daesh and keeping pictures of the terror gro...

The Edge Markets:

MATTA Fair to be held online from Sept 23-30

KUALA LUMPUR (Sept 21): The Malaysian Association of Tour and Travel Agents (MATTA) has announced its first-ever online MATTA Fair that will take place from Sept 23-30 featuring domestic and future in...

The Edge Markets:

Dewan Negara approves appointment of select committee members

KUALA LUMPUR (Sept 21): The Dewan Negara today approved a motion to appoint five Select Committee members for the Third Session of the 14th Parliament.

Malay Mail:

Ringgit falls against US dollar at close

KUALA LUMPUR, Sept 21 — The ringgit fell under profit-taking today as the dollar improved on safe-haven demand, economists said.

Malay Mail:

Banks and second national lockdown threat push sterling down

LONDON, Sept 21 — Sterling was under pressure today as headwinds in the banking sector hit investors’ risk appetite, while rising Covid-19 cases prompted Britain to consider a second national lock...

Malay Mail:

Digi teams up with Allo to expand home broadband service in Melaka, Perak, Cyberjaya

KUALA LUMPUR, Sept 21 — Digi Telecommunications Sdn Bhd is collaborating with Tenaga Nasional Bhd’s wholly-owned unit, Allo Technology Sdn Bhd (Allo), to expand its home broadband footprint to app...

The Edge Markets:

Tasco stock rides the Covid-19 vaccine wave

AFTER staging a turnaround in its first financial quarter ended June 30, 2020 (1QFY2021), Tasco Bhd has seen its shares run up rapidly.

The Edge Markets:

Covid-19 calls for some sensibility and humanity

Nothing is permanent. We saw this in every crisis.

The Edge Markets:

YPNM calls on PM to address alleged leakage in oil palm industry

PUTRAJAYA (Sept 21): The National Consumer Foundation or Yayasan Pengguna Negara Malaysia (YPNM) today submitted a memorandum to Prime Minister Tan Sri Muhyiddin Yassin, calling for action on the al...

The Edge Markets:

Safiey Ilias fined RM23,000 for owning, selling unregistered health product

KUALA LUMPUR (Sept 21): A company owned by cosmetic entrepreneur Safiey Ilias was fined RM23,000 by the Magistrate Court today, for possessing and selling a health product not registered under th...

The Edge Markets:

Forecast: Generally fine weather in Sabah tomorrow

KOTA KINABALU (Sept 21): The weather on the early voting day for the 16th Sabah state election tomorrow has been forecasted to be generally fine with the temperature of between 22 to 34 degree ...

The Edge Markets:

Malaysia's exports to benefit from improving Chinese import demand — ICAEW

KUALA LUMPUR (Sept 21): Malaysia’s exports are set to benefit from improving Chinese import demand and the electronics cycle, according to the Global Economic Outlook report from Oxford Economics.

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The Edge Markets:

Many still flouting RMCO, nightclub activities top offences — Ismail Sabri

KUALA LUMPUR (Sept 21): Action was taken against 293 individuals yesterday for flouting Recovery Movement Control Order (RMCO) directives.

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The Edge Markets:

Queen Elizabeth II conveys condolences to Awang Raweng's family

KUCHING (Sept 21): Queen Elizabeth II, the ruler of Great Britain and her government today conveyed their condolences to the family of Malaysian war hero, the late Datuk Awang Raweng, who passed awa...

The Edge Markets:

Covid-19: Malaysia reports 57 new cases, 49 of them in Sabah

KUALA LUMPUR (Sept 21): Malaysia reported 57 new Covid-19 cases today, of which 49 were in Sabah.

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Malay Mail:

Bursa Malaysia ends in the red

KUALA LUMPUR, Sept 21 — Bursa Malaysia ended the day in the red with the key index falling below the 1,500-level on lack of catalysts and in line with most regional markets amid the resurgence of Co...

Malay Mail:

How to interpret Tesla’s Battery Day lingo

SEPT 21 — Confused by kilowatts?

Malay Mail:

Tesla traders bet on Musk battery pitch to spark rally

SEPT 21 — Fasten your seatbelt, because tomorrow is Tesla’s “Battery Day”, and some investors expect Chief Executive Elon Musk’s pitch on the electric car maker’s energy storage advances t...

Malay Mail:

Investors show increased interest in sustainable investing, says Stanchart

KUALA LUMPUR, Sept 21 — Investors are showing increased interest in socially responsible investments amid market disruptions due to Covid-19, according to Standard Chartered Private Bank’s (StanCh...

The Star:

HK shares slump as banks reel from illicit fund movement reports

HONG KONG: Hong Kong shares fell on Monday, dragged by financials after reports said HSBC and Standard Chartered were among banks moving allegedly illicit funds over the past two decades and as Sino-U.S. tensions hit index heavyweight Tencent.

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The Star:

Britain plans law to safeguard City of London's global standing

LONDON: Britain plans to buttress the City of London's global competitiveness and openness once it moves outside the European Union with new financial services sector legislation.

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The Star:

QES Group buys factory for RM21m to double production capacity

KUALA LUMPUR: QES Group Bhd is buying a factory building with a five-storey office in Glenmarie, Selangor for RM21mil cash to expand its office and production area.

The Star:

KLCI closes below 1,500-level; broad selling across Bursa Malaysia

KUALA LUMPUR: The FBM KLCI pared some of its earlier losses but remained in the red, closing below the 1,500-mark.

The Edge Markets:

Despite U-turn on travel ban, business community remains uneasy

IN a corner of the warehouse floor at Boston Scientific’s manufacturing facility in Batu Kawan, Penang, several pallet boxes lie unopened.

The Edge Markets:

Newsbreak: New airline SKS Airways delays launch, aims for 4Q take-off

THE launch of a new local airline has been delayed again.

The Edge Markets:

FBM KLCI closes down 7.2 points at 1,499.43

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The Edge Markets:

Inter-Pacific starts coverage on Serba Dinamik with 'buy' call

KUALA LUMPUR (Sept 21): Inter-Pacific Research Sdn Bhd said today it initiated coverage on Serba Dinamik Holdings Bhd shares with a "buy" recommendation and target price of RM2.72 after taking into ac...

The Edge Markets:

Petronas appoints Shearwater GeoServices for 3D seismic survey offshore Suriname

KUALA LUMPUR (Sept 21): Petroliam Nasional Bhd (Petronas)’s subsidiary Petronas Suriname E&P BV (PSEPBV) has awarded Shearwater GeoServices Holding AS a contract for a 3D seismic survey for Block 52...

Malay Mail:

IJM plantations cautiously optimistic of 2021 outlook

KUALA LUMPUR, Sept 21 — IJM Plantations Bhd (IJMP) is cautiously optimistic of its 2021 outlook due to lingering uncertainties in the palm oil global market.

Malay Mail:

Rolls-Royce shares hit 2004 low over mooted US$3b equity raise

LONDON, Sept 21 — Shares in Rolls-Royce sunk to their lowest level since 2004 after the British aero-engine company confirmed it was considering a rights issue of up to £2.5 billion (RM13.2 billion...

The Edge Markets:

The State of the Nation: Will quantitative measures follow Bank Negara’s dovish...

BANK Negara Malaysia’s use of the words “appropriate and accommodative” in describing its current monetary policy stance last Thursday has more economists convinced that it is done trimming its ...

The Edge Markets:

Tighter supply and higher demand to push up CPO prices — IJM Plantations

KUALA LUMPUR (Sept 21): Tighter supply and higher demand for crude palm oil (CPO) are likely to push prices of the edible oil up in favour of producers, according to IJM Plantations Bhd.

The Edge Markets:

Lagenda Properties and Majuperak Holdings to develop Tapah affordable housing...

SITIAWAN (Sept 21): Lagenda Properties Bhd's (formerly known as DBE Gurney Resources Bhd) wholly-owned subsidiary Taraf Nusantara Sdn Bhd (TNSB) has signed a joint-venture (JV) agreement with Tenag...

Malay Mail:

Bursa Malaysia remains in negative territory at mid-afternoon

KUALA LUMPUR, Sept 21 — Bursa Malaysia remained in the negative territory at mid-afternoon, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) inching down 0.23 of-a-point to 1,506.4 at 3.0...

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Malay Mail:

Russian landlords feel the pinch as Covid-19 hits incomes and rents

MOSCOW, Sept 21 — Before the coronavirus pandemic hit Russia, pensioner Elena rented out her one-bedroom apartment in the Moscow suburbs to help make ends meet.

The Star:

China needs first mover advantage in digital currency race

SHANGHAI: China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commentary published by the country's central bank said.

The Star:

Malaysia’s GDP to shrink 6% this year, rebound next year

KUALA LUMPUR: Malaysia’s economy is forecast to shrink by 6% this year due to the impact of the Covid-19 pandemic, but it will rebound 6.6% next year, according to the Global Economic Outlook report from Oxford Economics.

The Edge Markets:

Bintai Kinden to be licensee of Covid-19 vaccine compounds in Malaysia

KUALA LUMPUR (Sept 21): Bintai Kinden Corp Bhd has entered into a licensing agreement with US-based firm Generex Biotechnology Corp for Covid-19 vaccine compounds in Malaysia.

The Edge Markets:

Dark horse Parti Cinta Sabah going full tilt in state polls

BONGAWAN (Sept 21): Some 90 per cent of its candidates are in their 40s, it champions the rights of Sabahans, and none of its candidates are among the much-maligned “political frogs”.

The Edge Markets:

Sabah east coast safe, under control, says ESSCom commander

The Edge Markets:

Anwar fails to strike out suit over sodomy conviction pardon

KUALA LUMPUR (Sept 21): PKR president Datuk Seri Anwar Ibrahim failed in his bid to strike out an originating summons filed by lawyer Mohd Khairul Azam Abdul Aziz over the full pardon granted to him o...

Malay Mail:

Shell launches major cost-cutting drive to prepare for energy transition

LONDON, Sept 21 — Royal Dutch Shell is looking to slash up to 40 per cent off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on renewa...

Malay Mail:

HSBC shares hit 25-year low on report of China ‘unreliable list’

HONG KONG, Sept 21 — Shares in banking giant HSBC plunged to a 25-year low today on fears it could be added to a Chinese list of firms deemed a threat to national security and following news it had ...

The Star:

OCBC to open over the weekend to facilitate post-moratorium assistance

KUALA LUMPUR: OCBC Bank (M) Bhd will hold a second consecutive post-moratorium loan and financing support weekend on September 26-27.

The Star:

Jack Ma’s Ant said to lift IPO funding target to US$35b

JACK Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech giant on track for a record debut sale.

The Edge Markets:

Analysts: Market correction not alarming

LAST week, global markets were in a sea of red, led by the slump in US stocks.

The Edge Markets:

Supermax subsidiary buys land from S P Setia unit

KUALA LUMPUR (Sept 21): Supermax Corp Bhd's wholly-owned subsidiary Maxter Glove Manufacturing Sdn Bhd is buying two pieces of land in Selangor from S P Setia Bhd's subsidiary Bandar Setia Alam Sdn Bh...

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The Edge Markets:

Scientex surges to all-time high on record earnings

KUALA LUMPUR (Sept 17): Scientex Bhd's share price surged to an all-time high of RM10.38 this morning after it posted a record high annual profit for its financial year ended July 31, 2020 (FY20). The...

The Edge Markets:

26,572 Malaysians stranded in 94 countries brought home — deputy minister

KUALA LUMPUR (Sept 21): The Foreign Ministry has facilitated 26,572 Malaysians stranded abroad to return home following the spread of the COVID-19 pandemic, said its Deputy Minister Datuk Kamarudin J...

The Edge Markets:

Senate updated on cyberbullying, fake social media accounts

KUALA LUMPUR (Sept 21): Cyberbullying and fake social media accounts came under the spotlight in the Dewan Negara today.

The Edge Markets:

Perak Corp says not under liquidation, winding-up

KUALA LUMPUR (Sept 21): Perak Corp Bhd is not under liquidation or winding-up.

The Edge Markets:

JTiasa, Scope, DGSB, Macpie, THPlant, BPlant, Ablegrp, Natwide

KUALA LUMPUR (Sept 21): theedgemarkets.com highlighted eight stocks at Bursa Malaysia’s afternoon close today.

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The Star:

Lagenda Properties and Majuperak units to collaborate on mixed development in Perak

KUALA LUMPUR: A sub-subsidiary of Majuperak Holdings Bhd has entered into an agreement with a unit of Lagenda Properties Bhd to jointly develop four parcels of land measuring 229.73 acres in Mukim Batang Padang in Perak.

The Edge Markets:

KLCI claws back to positive territory as CPO holds above RM3,000 level,...

KUALA LUMPUR (Sept 21): The FBM KLCI clawed back to positive territory at the midday break Monday, as crude palm oil held above the RM3,000 level and index-linked plantation stocks lifted.

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The Edge Markets:

Lendlease, TRX City launch the second tower of TRX Residences

KUALA LUMPUR (Sept 21): The second tower — Tower B — of TRX Residences, part of The Exchange TRX, has been officially launched after the positive response to Tower A with all non-Bumiputera units ...

The Edge Markets:

Khalid Samad files defamation suit against FMT journalist

KUALA LUMPUR (Sept 21): Former federal territories minister Khalid Abdul Samad has filed a defamation suit against journalist Abdar Rahman Koya and online news portal Free Malaysia Today (FMT). Th...

The Edge Markets:

CGS-CIMB upgrades banking sector to 'overweight' on 2021 earnings recovery...

KUALA LUMPUR (Sept 21): CGS-CIMB Research has upgraded Malaysian banks to "overweight" (from "neutral" previously) as it believes earnings may have bottomed in the June quarter this year (2Q20) and th...

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The Edge Markets:

BNM adds three entities to alert list

KUALA LUMPUR (Sept 21): Bank Negara Malaysia (BNM) has included Fincorp, Mesra Capital Group and World Trade Center Investment Ltd in the central bank's updated financial consumer alert list for com...

Malay Mail:

Bursa Malaysia mixed at mid-day

KUALA LUMPUR, Sept 21 — Bursa Malaysia ended the morning session mixed as the key index stood 0.07 per cent higher on buying momentum in selected heavyweights.

Malay Mail:

SMEs still need financial assistance to stay afloat, says RAM

KUALA LUMPUR, Sept 21 — Small and medium enterprises (SMEs) and micro businesses need more supportive policies to stay afloat, says RAM Ratings.

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The Star:

KLCI rises slightly amid slowing investor interest

KUALA LUMPUR: The FBM KLCI eked out a small gain on Monday morning amid slowing trading activity on the market.

The Edge Markets:

Correct upload speed for 500Mbps package is 100Mbps, not 200Mbps — TM

KUALA LUMPUR (Sept 21): Telekom Malaysia Bhd (TM) has clarified that the correct upload speed configuration for its 500Mbps package is 100Mbps and not 200Mbps as stated in the earlier version of the ...

The Edge Markets:

Analysts raise TP for Sapura Energy after second quarterly net profit in FY21

KUALA LUMPUR (Sept 21): Analysts covering Sapura Energy Bhd have raised their target prices (TP) for the oil and gas (O&G) group after it posted a second consecutive quarterly net profit for the fina...

The Star:

UOB Kay Hian Research upgrades Sapura Energy to Hold, TP 13c

KUALA LUMPUR: UOB Kay Hian Malaysia Research has upgraded Sapura Energy to Hold and sum-of-parts target price to 13 sen from 10 sen after profit upgrades, and this assumes a refinancing scenario.

The Edge Markets:

Frankly Speaking: An unusual declaration

In an exclusive interview with 8TV’s Money Matters on Sept 11, Top Glove Corp Bhd major shareholder and executive chairman Tan Sri Dr Lim Wee Chai indicated that the group would be reporting “pret...

The Edge Markets:

Former Terengganu MB Wan Mokhtar dies

KUALA LUMPUR (Sept 21): Former Terengganu Menteri Besar Tan Sri Wan Mokhtar Ahmad died at 6.20 am this morning at Prince Court Medical Centre, Kuala Lumpur due to heart complications.

The Edge Markets:

16,877 police, military personnel and spouses in early voting tomorrow

KOTA KINABALU (Sept 21): Early voting for the 16th Sabah state election involving 16,877 security forces personnel and their spouses will be held at 55 polling centres tomorrow, the Election Commissi...

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The Edge Markets:

AHP unit price hits limit up on planned privatisation by PNB

KUALA LUMPUR (Sept 21): Amanah Harta Tanah PNB's (AHP) unit price rose as much as 30 sen or 45.11% to hit limit up during morning trade on Bursa Malaysia today after Permodalan Nasional Bhd (PNB) v...

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Malay Mail:

China’s ByteDance says TikTok will be its subsidiary under deal with Trump

NEW YORK, Sept 21 — China’s ByteDance said today that TikTok’s global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and US investors wo...

Malay Mail:

Ringgit opens slightly lower against US dollar on profit-taking

KUALA LUMPUR, Sept 21 — The ringgit traded slightly lower at the opening today on profit-taking after it closed at a seven-month high last Friday against the US dollar while tracking the movement...

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The Star:

Quick take: MMAG jumps 22% on emergence of new shareholder

KUALA LUMPUR: Shares in MMAG Holdings Bhd jumped over 22% in early trade Monday following the emergence of a new shareholder.

The Star:

Parents shouldn’t wait to pass down their wealth

IN the coming decades, a Great Wealth Transfer will be upon us. Gen Xers and Millennials are expected to inherit trillions of dollars. Some estimates say as much as US$68 trillion will be passed down from Baby Boomers.

The Edge Markets:

YTD outflow at level not seen since 2015, says Bank Islam

KUALA LUMPUR (Sept 21): The year-to-date (YTD) disposal of Malaysian equities on Bursa Malaysia is at a level of outflows not seen since 2015.

The Edge Markets:

KLCI drifts higher as regional markets start soft

KUALA LUMPUR (Sept 21): The FBM KLCI drifted higher in early trade Monday, against the backdrop of softer regional markets.

The Star:

Cautious start for Bursa as Hartalega weighs, AHP surges

KUALA LUMPUR: Bursa Malaysia started Monday on a cautious note in the absence of strong positive leads on the local and external front while foreign selling has kept the key FBM KLCI under check.

The Star:

Quick take: Scientex shares hit highest in 4 years

KUALA LUMPUR: Shares in Scientex Bhd rose to its highest in four years in early trade Monday after posting a record profit in the financial year ended July 31, 2020 (FY20).

The Star:

Trading ideas: Icon Offshore, Sapura Energy, Amanah Harta PNB,Ta Win, Scientex, HWGB

KUALA LUMPUR: Stocks to watch on Monday include Icon Offshore Bhd, Sapura Energy Bhd, Amanah Harta Tanah PNB (AHP), Scientex Bhd and Ho Wah Genting Bhd, according to JF Apex Research.

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The Star:

Is investing through asset managers a good bet?

PEOPLE who don’t want to decide on whether to buy, hold or sell their stocks can consider investing through asset management companies.

The Star:

Australia eyes employment bounce-back as cases drop

SDYNEY: Australian Prime Minister Scott Morrison says he is expecting to see a jobs bounce-back in the nation as its worst-hit state prepares for a cautious reopening.

The Star:

Philippines central bank warms up to digital money

MANILA: The Philippines central bank governor Benjamin Diokno says the technology behind digital tokens can improve delivery of financial services, as the regulator proceeds to study the feasibility of its own digital currency.

The Star:

China continues support for SOEs, private businesses

BEIJING: China is ready to give continued, unswerving support for the reform and development of State-owned enterprises (SOEs) and private businesses, the state council’s executive meeting, chaired by Premier Li Keqiang, announced recently.

The Star:

Oil patch short-seller profits from crash

NEW YORK: A hedge fund betting on the decline of fossil fuels has made a 25% gain this year after oil’s historic crash sent energy stocks plummeting. Now it expects them to fall further if Joe Biden wins the US presidential election.

The Star:

Unity’s debut win ends IPO spree on high note

SAN FRANCISCO: Unity Software Inc, which makes software to design video games, jumped 31% in its trading debut, capping a week of big successes for newly public companies in the sector.

The Star:

More stimulus needed to help last of recovery

NEW YORK: Bank of America Corp chief executive Brian Moynihan called for another round of federal stimulus to help the United States reach a full economic recovery from the coronavirus pandemic.

The Star:

Thailand sees economy shrinking less than forecast

Country banks on cash handouts to pandemic-hit citizens

The Star:

Toyota or pakora? India must choose

NARENDRA Modi says, “Make in India.” Toyota Motor Corp says, stop treating cars as though they were drugs or alcohol.

The Star:

MAA re-elects president and vice-president for new term

PETALING JAYA: Mohamed Kadri Mohamed Taib has been re-elected as the president of the Malaysian Advertisers Association (MAA) for a new 2020-2022 term at its AGM in Petaling Jaya recently.

The Star:

Corporate debt frenzy rolls on as market worries loom

NEW YORK: Investors are gearing up for the year’s record-breaking pace of corporate bond issuance to continue in the coming week, even after the US Federal Reserve rattled nerves at its September meeting with a gloomier-than-expected economic outlook.

The Star:

Singapore Airlines pilots agree to deeper pay cuts

SINGAPORE: Singapore Airlines Ltd pilots have agreed to further pay cuts to remain in employment, the carrier said.

Malay Mail:

Dollar clings on, yen creeps higher as Fed speakers in focus

SINGAPORE, Sept 21 — The dollar clung to late-week gains today, while the yen and yuan each edged higher, as investors looked ahead to a slew of US Federal Reserve speakers this week and to a decisi...

Malay Mail:

Shares, currencies tentative as attention shifts to US election, stimulus

SYDNEY, Sept 21 — Asian shares held to tight ranges today, as did currencies, as investors awaited developments on US fiscal stimulus and coronavirus vaccines amid a resurgence of infections in Euro...

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The Star:

Boustead Plantation a prime privatisation target

KUALA LUMPUR: Boustead Plantation is a prime privatisation target by its immediate holding company, Boustead Holdings Bhd, which will result in an “acquisition gain” for the latter.

The Star:

Kenanga lifts earnings outlook on Scientex

KUALA LUMPUR: Kenanga Investment Bank Research has raised its earnings projection on Scientex Bhd on the back of core earnings that beat expectations in FY20.

The Star:

Online boost for local businesses

RHB Banking Group has taken an innovative approach to promote small and medium enterprises (SMEs) to consumers through the RHB #JomSapot campaign.

The Star:

Sunway malls see 90% sales normalising in Q4

Year-end turnover usually the best for the year

The Star:

Higher earnings forecast for Daibochi

KUALA LUMPUR: MIDF Research is revising higher its earnings estimates for Daibochi Bhd as it takes into account the resilient demand for flexible plastic packaging from the group’s customers coupled with the expected increase in production capacity.

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The Star:

Insight - ‘Green’ recovery as companies restrategise

AS companies restrategise their business models and operations, following the Covid-19 attack, a “green” recovery should be their top priority.

The Star:

Insight: Malaysia 5.0 – Digital transformation for businesses

THE aspirations for the Malaysia Digital Economy Corp (MDEC) is to firmly establish Malaysia as the heart of digital Asean, a regional digital powerhouse and industry trailblazer. In this role, it had launched global champions to lead the Fourth Industrial Revolution (4IR).

The Star:

Plywood import from China up 97% in first half

KUCHING: Malaysia, once a major supplier of plywood to China, has now become a key importer of China-made plywood.

The Star:

Facebook taken down a peg

Social media operator’s move to use threat on Australia comes under fire

The Edge Markets:

Bonds remain relevant amid uncertain times

As the number of reported Covid-19 cases worldwide breaches the 26 million mark and deaths total close to 900,000 (at the point of writing), the trade-off between economic cost and reducing the spread...

The Edge Markets:

Olympia Industries may be in process of extending rebound, says RHB Retail...

KUALA LUMPUR (Sept 21): RHB Retail Research said Olympia Industries Bhd may be in the process of extending its rebound after it recently tested the 8.5 sen support mark.

The Edge Markets:

U.S. stock-index futures slip; yuan ticks higher

(Sept 21): U.S. stock futures opened with declines, while equities in Asia were set for a softer start after a dip on Wall Street on Friday.

Malay Mail:

You can now Setel at Petronas directly from your credit card, no Wallet top up required

KUALA LUMPUR, Sept 21 — Setel has introduced CardTerus, a new feature which allows you to pay for petrol directly from your payment cards without the need of topping up the Setel Wallet.

The Star:

Dash for bigger homes pushes up September asking prices in Britain

LONDON: Surging activity in Britain's housing market nudged up asking prices for homes in September, as buyers sought larger properties following the coronavirus lockdown, a survey showed on Monday.

The Star:

Sukuk Prihatin oversubscribed, demand hitting RM666mil

KUALA LUMPUR: Sukuk Prihatin, a government initiative under the National Economic Recovery Plan (Penjana), has been oversubscribed, registering a total subscription of more than RM666mil.

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The Star:

RHB launches digital FX service for corporate and SME customers

KUALA LUMPUR: RHB Banking Group has launched RHB Live FX @ Reflex, a holistic digital foreign exchange (FX) service for both its corporate and SME customers which provide innovative FX services that revitalise cross border payments.

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The Star:

GUH seeks approval for solar farm in Taiwan

Large-scale project to involve Taiwanese partner

The Star:

The week ahead - Inflation figures, rate decisions, Singapore IPI

INFLATION is in focus during this relative light week for economic data. The Statistics Department is expected to announce the August consumer price index (CPI) on Wednesday.

The Star:

Budget 2021 expected to be expansionary

Economists projecting deficit of 4% to 6% next year

The Star:

TikTok owner seeking US$60bil valuation in US transaction

HONG KONG: China’s ByteDance Ltd is seeking a valuation of US$60bil for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to address US security concerns, according to a person familiar with the matter.

The Star:

The Star Exclusive - Green Packet in e-wallet deal

PETALING JAYA: Green Packet Bhd will provide its e-wallet services to MMAG Holdings Bhd following the move by the Human Resources Ministry to make it mandatory for salaries of foreign workers to be credited into an e-wallet or a bank account

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The Star:

Boeing books two 737-800BCF orders, says new freighter conversion lines opening

SYDNEY: Boeing Co said on Sunday a customer had ordered two converted 737-800BCF freighters and that it had signed agreements to open additional cargo conversion lines in Guangzhou, China, and Singapore to meet demand for express traffic and e-commerce.

The Star:

UK at critical point in COVID pandemic

LONDON: Britain is at a critical point in the COVID-19 pandemic and faces a very challenging winter, one of the government's top medical advisers will warn at a public briefing on Monday.

The Star:

UK to extend business support loans

LONDON: British finance minister Rishi Sunak is set to extend the Treasury's UK-wide programme of business support loans to help companies affected by the coronavirus pandemic, the Financial Times reported late on Sunday.

The Star:

World's top companies urge action on nature loss ahead of UN talks

LONDON: Some of the world's biggest companies on Monday backed growing calls for governments to do more to reverse the accelerating destruction of the natural world and support broader efforts to fight climate change.

The Edge Markets:

TRX Residences breaks the mould with a digital launch

Leading international property and infrastructure developer Lendlease together with joint venture partner, TRX City Sdn Bhd, will be hosting a Digital Launch for the much anticipated unveiling of TRX ...

The Edge Markets:

Sabah election: Police on high alert over influx of illegal immigrants

LAHAD DATU (Sept 20): Police urge anyone with information on the influx of illegal immigrants or any form of outside threat to Sabah, to immediately report it to the authorities.

The Edge Markets:

Six bodies wash up on shore near Bandar Penawar

JOHOR BAHRU (Sept 20): The bodies of two men and four women believed to be illegal immigrants from Indonesia were found washed up on the Pantai Teluk C, Bandar Penawar near Kota Tinggi today.

The Edge Markets:

LPNM teams up with FGV to develop animal feed pellets from pineapple waste

MUAR (Sept 20): The Malaysian Pineapple Industry Board (LPNM) is currently working with FGV Holdings Bhd to develop ruminant animal feed pellets produced from the pineapple waste as a new downstream p...

The Edge Markets:

SUKE incident: Works Ministry says stern action will be taken

KUALA LUMPUR (Sept 20): The Works Ministry has ordered stern action to be taken against those responsible for the incident in which a parapet wall slab from the ongoing Sungai Besi-Ulu Klang Elevated ...

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The Edge Markets:

Men claim to witness plane crash in Tanjung Bungah — police

GEORGE TOWN (Sept 20): Police have confirmed receiving a report from witnesses claiming that he and his friend saw a light aircraft believed to have crashed into the sea near Tanjung Bungah, here toda...

The Edge Markets:

Foreigners planning to enter Sabah and cause trouble during polling — police...

KOTA KINABALU (Sept 20): Police have received intelligence that certain elements from a neighbouring country are planning to enter Sabah in big numbers to create trouble during polling on Saturday, sa...

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The Edge Markets:

19,167 residents in Kota Setar EMCO area screened for Covid-19

ALOR SETAR (Sept 20): A total of 19,167 residents under the administrative Enhanced Movement Control Order (EMCO) in Kota Setar district have undergone the Covid-19 screening test from Sept 11 until y...

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The Edge Markets:

Thunderstorm warning in several areas nationwide until 9pm

KUALA LUMPUR (Sept 20): The Meteorological Department (MetMalaysia) has issued a thunderstorm warning in several areas throughout the country, with heavy rain and strong winds until 9pm.

Malay Mail:

Bloomberg News: China’s ByteDance seeks US$60b TikTok valuation in US deal

NEW YORK, Sept 20 — China’s ByteDance Ltd is seeking a valuation of US$60 billion (RM2.4 trillion) for TikTok as Oracle Corp and Walmart Inc take stakes in the short-video app’s business to addr...

The Edge Markets:

Covid-19: Malaysia reports 52 new cases and a new cluster in Penang

KUALA LUMPUR (Sept 20): Malaysia reported 52 new Covid-19 cases as of noon today, comprising 40 domestic transmissions and 12 imported cases.

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The Edge Markets:

Standardisation of regulations, taxes for hotels and Airbnb to be finalised by...

ALOR GAJAH (Sept 20): The standardisation of several issues including regulations, licensing and taxes involving the hotel sector and global online accommodation service provider, Airbnb will be final...

The Edge Markets:

IWK denies claims of polluting Sungai Gong

KUALA LUMPUR (Sept 20): Indah Water Consortium Sdn Bhd (IWK) today said the incident of black coloured water found in Sungai Gong, Rawang, was not due to effluent discharge from the Rawang Integrated ...

The Edge Markets:

Tighter health checks in Labuan for travellers from certain parts of Sabah

LABUAN (Sept 20): Travellers from certain parts of Sabah will be subjected to stricter health checks on entering Labuan because of the surge in Covid-19 cases on mainland Sabah, said Labuan Health Dep...

Malay Mail:

Some Libyan oil facilities restart operations, say companies, engineers

BENGHAZI, Libya, Sept 20 — Workers at Libya’s major Sharara field have restarted operations, two engineers working there said, after National Oil Corporation (NOC) announced a partial lifting of f...

Malay Mail:

Agriculture Ministry offers financing to 82 entrepreneurs nationwide, says deputy minister

TANAH MERAH, Sept 20 — The Ministry of Agriculture and Food Industry (Mafi) has offered financing amounting to RM5 million to 82 entrepreneurs nationwide this year through the Farmers’ Organisatio...

The Edge Markets:

Kedah Medical Centre resumes services

ALOR SETAR (Sept 20): The Kedah Medical Centre (KMC) has resumed its services including the Accident and Emergency Unit, Outpatient Clinics, Inpatient Admissions and Operation Theatres.

The Edge Markets:

Vote PN for better development, says Tawau incumbent

TAWAU (Sept 20): Sabah voters should give the mandate to Perikatan Nasional (PN) because it has been proven that a state administration aligned with the federal government can bring greater developmen...

The Star:

China's ByteDance gets Trump nod to avoid TikTok shutdown

WASHINGTON/NEW YORK: U.S. President Donald Trump said on Saturday he supported a deal in principle that would allow TikTok to continue to operate in the United States, even as it appeared to conflict with his earlier order for China's ByteDance to divest the video app.

The Edge Markets:

HKL fire extinguished, services unaffected — hospital director

KUALA LUMPUR (Sept 20): The fire that broke out at the storeroom in Kuala Lumpur Hospital (HKL) has been extinguished and medical services are operating as usual, said hospital director Datuk Dr Heric...

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The Edge Markets:

Malaysia's Sept 1-20 palm oil exports rise 9.4% — ITS

KUALA LUMPUR (Sept 20): Exports of Malaysian palm oil products for Sept 1-20 rose 9.4% to 1,035,041 tonnes from 946,338 tonnes shipped Aug 1-20, cargo surveyor Intertek Testing Services said on Sunday...

Malay Mail:

China does not have a timetable for ‘unreliable entities list’

NINGBO, Sept 20 — China said it did not have a timetable or pre-set names of companies on its ‘unreliable entities list’ but if foreign firms violate Chinese laws or commit “illegal acts” th...

Malay Mail:

Palantir listing may shine light on secretive Big Data firm

WASHINGTON, Sept 20 — Perhaps the most secretive firm to emerge from Silicon Valley, Palantir Technologies is set for a stock market debut this month that may shed light on the Big Data firm special...

The Edge Markets:

Jeffrey Kitingan: Giant killer, kingmaker never takes Sabah election lightly

TAMBUNAN (Sept 20): He is known as the giant killer and a kingmaker, but this Harvard University graduate knows that he must not take the 16th Sabah state election lightly, especially in defending his...

The Edge Markets:

EDUnation: What our education system needs

The members of Majlis Penasihat Pendidikan Malaysia 2018-2020 (MPPK), or National Education Advisory Council, selected by the then minister of education Dr Maszlee Malik, officially ended their two-ye...

The Edge Markets:

MCMC investigates complaints on TM's package

KUALA LUMPUR (Sept 20): The Malaysian Communications and Multimedia Commission (MCMC) has commenced investigation into consumer complaints regarding the reduction of the upload speed for Unifi 500Mbps...

Malay Mail:

Trump touts ‘fantastic’ TikTok deal with Walmart and Oracle

WASHINGTON, Sept 20 — Popular video app TikTok announced yesterday it has proposed an agreement with Oracle as its US technology provider and Walmart as a commercial partner, a potential deal US Pre...

The Edge Markets:

Abdul Karim replaces Abang Johari as Saberkas president

MIRI (Sept 19): Sarawak Minister of Tourism, Art, Culture, Youth and Sports Datuk Abdul Karim Rahman Hamzah was appointed the new president of the Sarawak United National Youth Organisation (SABERK...

The Edge Markets:

Iban war hero Awang Raweng to be accorded state funeral

KUCHING (Sept 19): Iban war hero Datuk Awang Raweng, 104, a former member of the elite Iban trackers during the British colonial era who died at about 2.15 pm yesterday at his son’s residence in T...

The Star:

EPF approves RM3.79b in 2Q under i-Lestari

KUALA LUMPUR: The Employees Provident Fund (EPF) approved 4.35 million applications with a cumulative withdrawal between April and June 2020 worth RM3.79bil under the i-Lestari withdrawal facility.

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The Edge Markets:

Malaysia to join COVAX vaccine plan

PUTRAJAYA (Sept 19): Malaysia will be joining 172 countries to participate in the COVID-19 vaccine global access (COVAX) to obtain access to the supply of COVID-19 vaccine, said the Ministry of ...

The Edge Markets:

Sole survivor of carbon monoxide poisoning in stable condition — police

BUKIT MERTAJAM (Sept 19): The sole survivor in the carbon monoxide poisoning case, in which four friends fell asleep in a car at a petrol station parking lot in Sama Gagah, Butterworth near here thre...

The Edge Markets:

Sabah election: BN's Balung candidate upbeat after meeting over 50% of voters

TAWAU (Sept 19): Barisan Nasional’s (BN) Hamild Awang is optimistic of his chances of winning the Balung seat after meeting more than 50 per cent of the voters in the constituency.

The Edge Markets:

Jimmy Palikat finds inspiration in Pairin Kitingan

KOTA KINABALU (Sept 19): Inspired by the victory of Tan Sri Joseph Pairin Kitingan in the Tambunan by-election as an independent candidate in 1984, local singer Jimmy Palikat who is contesting in t...

The Edge Markets:

Controlling shareholder TS Wong mops up more shares in MyEG

KUALA LUMPUR (Sept 19): Wong Thean Soon, better known as TS Wong, bought an additional 1.31 million shares in MyEG Services Bhd yesterday, according to the company’s filing with Bursa Malaysia.

The Edge Markets:

Sabah polls new normal of Malaysian politics, says Gerakan president

KUALA LUMPUR (Sept 19): The unprecedented number of multi-cornered contests in the 16th Sabah state election has heralded a new normal in Malaysian politics, said Gerakan president Datuk Dr Dom...

The Edge Markets:

PN govt to be more sensitive, responsive towards Islamic NGO concerns — PM

PUTRAJAYA (Sept 19): Prime Minister Tan Sri Muhyiddin Yassin in a meeting with Islamic non-governmental organisation (Islamic NGOs) leaders in Putrajaya today assured that the Perikatan Nasional go...

The Edge Markets:

Covid-19: 370 notifications on fake news issued, says Saifuddin

KOTA KINABALU (Sept 19): The Communications and Multimedia Ministry (KKMM) has issued 370 notifications on fake news related to the COVID-19 pandemic so far, said its minister Datuk Saifuddin Abdul...

The Edge Markets:

Tropicana Corp launches Edelweiss at Tropicana Gardens

PETALING JAYA (Sept 19): Tropicana Corp Bhd launched the fifth and final tower of its Tropicana Gardens development called Edelweiss SOFO and Serviced Residences today.

The Edge Markets:

MACC arrests ex-Armed Forces officer, company director over claims linked to...

KUALA LUMPUR (Sept 19): The Malaysian Anti-Corruption Commission (MACC) has detained two people, including a former senior officer of the Malaysian Armed Forces who holds a Datuk title, in connection...

The Star:

UOB to open branches on weekends to offer COVID-19 assistance

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd will open its branches nationwide on the upcoming weekends this month to offer its COVID-19 relief assistance programme.

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The Star:

CPO to extend gains on higher demand

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to continue a positive momentum next week driven by expectations of higher demand.

The Star:

Are stocks losing some of their liquidity momentum?

THE volatile market action over the past 24 hours shines a spotlight on an important question for investors: Have markets lost part of the liquidity anchor that not only allowed them to brush off a number of negative influences but also pulled stocks higher to one record after the other?

The Star:

S’pore exchange touts gold to the masses

FANCY owning your own gold bars that you can admire and take selfies with?

The Edge Markets:

SSM offers 90% compound reduction until Dec 31

KUALA LUMPUR (Sept 19): The Companies Commission of Malaysia (SSM) is offering 90 per cent reduction from the original compound value for applications to strike off the name of a company under Sec...

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Malay Mail:

China’s commerce ministry issues rules on ‘unreliable entities’ list

BEIJING, Sept 19 — China’s commerce ministry today issued rules on its proposed list of “unreliable entities,” part of an intensifying rift with the United States, saying it will target foreig...

The Edge Markets:

EverydayMatters: Inspirational leadership and how to have it

“The people who are crazy enough to think they can change the world are the ones who do.” — Apple’s “Think Different” commercial, 1997 Try as we might to find the secrets of leadership, th...

The Star:

Nordic malls creating online shop to solve ‘last mile’ dilemma

BRINGING shopping malls online could be the answer to a problem that’s gnawed at e-commerce for years, namely how to slash delivery costs for the “last mile” before a product reaches its buyer, according to the chief executive of Citycon Oyj.

The Star:

Better after Chinese New Year?

Observers say worst likely to be over by next year when people start buying

The Star:

No-frills retail experience

Making groceries worth their receipt through tech and membership

The Star:

ESG’s role in equity investing

THE merits of integrating ESG (environmental, social and governance) criteria and sustainability into an investment decision are clear, argues one fund manager.

Malay Mail:

Bursa Malaysia likely to trade in cautious mode next week

KUALA LUMPUR, Sept 19 — Bursa Malaysia is expected to trade at the current level next week, with the benchmark index hovering within a range of 1,510 to 1,540 ahead of the release of the August infl...

Malay Mail:

Ringgit set to rise in tandem with other Asian currencies next week

KUALA LUMPUR, Sept 19 — Asian currencies, including the ringgit, are expected to trend upwards next week, with the local note moving towards the 4.10 psychological level next week.

The Star:

Japan’s ‘Suganomics’ will target quick wins, not grand visions

Japan’s new prime minister will pursue economic structural reforms through a mixed bag of policies that target specific industries, rather than a grand strategy to reshape society and boost long-term growth.

The Star:

Meritocratic capitalism and sustainability

DURING the ravages of WWII, intellectuals were pessimistic about the future.

The Star:

Hedge funds can’t possibly survive the Nasdaq whale

THESE days, you don’t really need a professional to tell you how to make money. The rise of Big Tech alone has allowed investors in exchange-traded funds to recoup their March losses.

The Star:

Political instability to hit Thai economy

CONFIDENCE in Thailand – originally boosted by the country’s admirable management of its domestic Covid-19 outbreak – is waning as political chaos takes centre stage.

The Star:

Indonesia’s lawmakers call for caution over central bank reform

INDONESIAN lawmakers called for caution over proposals to reform the central bank amid investor worries the changes would erode its independence.

The Star:

Changing consumer trend a boon for online retailers

RETAILERS have been gradually moving online over the past few years, setting up e-stores and establishing some form of branding online through social media.

The Star:

Reactivating branding to remain relevant

THE time is now for Malaysian businesses to reactivate their branding activities, as the market gears up to enter the recovery phase.

The Edge Markets:

BusinessOfSports: It’s a Messi business

For once, Lionel Messi’s twinkling feet could not bamboozle an opponent — in this case, his own president.

The Edge Markets:

Driving AMMB forward in a time of crisis

KUALA LUMPUR (Sept 19): AMMB Holdings Bhd group chief executive officer (CEO) Datuk Sulaiman Mohd Tahir recalls the 1997/98 Asian Financial Crisis (AFC), when Malaysian banks were truly put to the ac...

The Star:

Future-proofing businesses for SMEs

JOHOR BARU: The upcoming SOBA LAB, which will be held on Sept 23 at Thistle Johor Baru, will see industry leaders and entrepreneurs share their take on strategies and solutions to future-proof businesses, especially small and medium entreprises (SMEs).

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