<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 27): CIMB IB Research has upgraded Berjaya Food Bhd to an “Add” at RM1.67 with a higher target price of RM1.96 and said BFood announced it is selling off its 99.9% stake in PT Boga for a nominal cash consideration of 32 sen and to settle part of an inter-company loan of RM3.1 million.</p></div>

<div class=newsTextDataWrapInner><p>In a note today, the research house said it was not surprised by this development as management had indicated that it was looking to rationalise its overseas loss-making businesses.</p></div>

<div class=newsTextDataWrapInner><p>“This is a long-term positive for the group as KRR Indonesia has been a major drag on its earnings for the past few years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“We upgrade our FY18-20F EPS by 6-12% as we remove the losses from KRR Indonesia and lower our interest expenses and effective tax rate assumptions.</p></div>

<div class=newsTextDataWrapInner><p>“Upgrade to an Add with a higher target price of RM1.96.</p></div>


KUALA LUMPUR (Nov 27): CIMB IB Research has upgraded Berjaya Food Bhd to an “Add” at RM1.67 with a higher target price of RM1.96 and said BFood announced it is selling off its 99.9% stake in PT Boga for a nominal cash consideration of 32 sen and to settle part of an inter-company loan of RM3.1 mi...

CIMB IB Research upgrades Berjaya Food, raises target to RM1.96

The Perak government is expected to once again turn a projected deficit of RM95.5 million into a financial surplus this year, marking five consecutive years of surplus.

Perak MB says state’s financial position strong, sees RM95.5m deficit turning into surplus

DAP's success in retaining all four seats it contested in the Melaka state election reflects the confidence of voters from various ethnic backgrounds in the service and track record of its elected representatives.

DAP's four Melaka seats reflect multi-ethnic voters' confidence — Teo

Prime Minister Datuk Seri Anwar Ibrahim has called on Asean member states to diversify their sources of food and medicines while strengthening regional production capacity to reduce reliance on external suppliers amid growing global uncertainties.

Anwar urges Asean to diversify food, medicine supplies

Sirens sounded in Bahrain and authorities told residents to seek shelter on Sunday as Iran's Guards said they had attacked a military base in the Gulf nation.

Sirens blare in Bahrain as Iran's Guards claim drone attack on US base

A US federal judge on Saturday ruled a park in the heart of Washington must remain open to the public, after President Donald Trump's administration sought to close it for a planned renovation of a golf course.

US judge orders park in Trump golf course project to remain open to public

The Malaysian economy is expected to record growth of more than 5% for the third consecutive year, driven by consistently strong economic performance, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah sees Malaysian economy growing over 5% for third consecutive year

Bank of Thailand chairman Somchai Sujjapongse criticised the central bank’s slow progress on regulatory reform and called for action to reverse a prolonged contraction in lending to smaller businesses.

Thai central bank chairman rebukes slow reform, SME credit slump

Cryptocurrencies tumbled over the weekend, with bitcoin slumping to a three-month low of just above US$63,000 (RM257,424) as leveraged long positions were liquidated.

Bitcoin tumbles to three-month low as liquidations accelerate

When a company announces a rise in “adjusted earnings”, investors may welcome the headline. But what exactly has been adjusted, which costs have been excluded and how does that figure compare with the profit reported in its financial statements? These questions go to the heart of corporate transparency. A new accounting standard will demand clearer answers from 2027.

Opinion: Can accounting standard MFRS 18 curb corporate earnings spin?

Malaysia’s business landscape is dominated by micro, small and medium enterprises (MSMEs), which accounted for 96.2% of all business establishments in 2025, according to the latest figures from the Department of Statistics Malaysia (DOSM). Their prevalence underscores the importance for an enabling ecosystem to support MSMEs and mechanisms that can help viable businesses survive commercial disputes and financial distress that threatens their continued operations. As the engine of growth for entrepreneurship to thrive, MSMEs occupy a special place as the backbone of corporate Malaysia, acting as the primary engine for economic growth, innovation and widespread employment. MSMEs keeps the Malaysian economy resilient and dynamic, contributing significantly to Malaysia’s GDP.

Opinion: A second chance for businesses worth saving

<p>Cryptocurrencies tumbled over the weekend, with bitcoin slumping to a three-month low of just above US$63,000 (RM257,424) as leveraged long positions were liquidated.</p>


<p>When a company announces a rise in “adjusted earnings”, investors may welcome the headline. But what exactly has been adjusted, which costs have been excluded and how does that figure compare with the profit reported in its financial statements? These questions go to the heart of corporate transparency. A new accounting standard will demand clearer answers from 2027.</p>


<p>This week, <em>City &amp; Country</em>'s cover story is on Sime Darby Property Bhd's (KL:SIMEPROP) venture into Melbourne’s property market with the A$1.08 billion (RM3 billion) Aurum Melbourne. According to group managing director and CEO Datuk Seri Azmir Merican, the 65-storey mixed-use project will combine private residences and purpose-built student accommodation in the city’s central business district.</p>


Maiden venture Down Under

<p>For his latest hospitality venture, veteran hotelier James Low unveiled a new boutique heritage guesthouse concept in Bhutan. Tshomen Paro, the inaugural property of his SoulStays brand, revolves around a concept deeply rooted in local history and folklore. It is housed in an authentic sixth-generation ancestral home and takes its design cues from the Tashi Tagye, or the Eight Auspicious Symbols of Tibetan Buddhism.</p>


Druk ‘n’ roll

<p>Malaysia’s business landscape is dominated by micro, small and medium enterprises (MSMEs), which accounted for 96.2% of all business establishments in 2025, according to the latest figures from the Department of Statistics Malaysia (DOSM). Their prevalence underscores the importance for an enabling ecosystem to support MSMEs and mechanisms that can help viable businesses survive commercial disputes and financial distress that threatens their continued operations. As the engine of growth for entrepreneurship to thrive, MSMEs occupy a special place as the backbone of corporate Malaysia, acting as the primary engine for economic growth, innovation and widespread employment. MSMEs keeps the Malaysian economy resilient and dynamic, contributing significantly to Malaysia’s GDP.</p>


<p>Elon Musk's SpaceX on Saturday carried out the first-ever recovery of a spaceship, pulling off a successful "catch" of its Starship vessel as it returned to its launch site after a day in orbit.</p>


SpaceX pulls off first-ever spaceship 'catch'

<p>UK data in the coming days may show a stabilising jobs market and inflation at a one-year high, piling pressure on the Bank of England to raise interest rates again.</p>


BOE’s case to raise rates again may strengthen on UK price data

<p>The Malaysian economy is expected to record growth of more than 5% for the third consecutive year, driven by consistently strong economic performance, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


<p>The British government announced on Saturday that it would expand a programme to provide guaranteed jobs to young people and extend it nationwide as part of measures to address the problem of youth unemployment.</p>


UK to expand jobs guarantee scheme for young people

<p>Bank of Thailand chairman Somchai Sujjapongse criticised the central bank’s slow progress on regulatory reform and called for action to reverse a prolonged contraction in lending to smaller businesses.</p>


<p>A US federal judge on Saturday ruled a park in the heart of Washington must remain open to the public, after President Donald Trump's administration sought to close it for a planned renovation of a golf course.</p>


<p>Sirens sounded in Bahrain and authorities told residents to seek shelter on Sunday as Iran's Guards said they had attacked a military base in the Gulf nation.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has called on Asean member states to diversify their sources of food and medicines while strengthening regional production capacity to reduce reliance on external suppliers amid growing global uncertainties.</p>


<p>DAP's success in retaining all four seats it contested in the Melaka state election reflects the confidence of voters from various ethnic backgrounds in the service and track record of its elected representatives.</p>


<p>The Perak government is expected to once again turn a projected deficit of RM95.5 million into a financial surplus this year, marking five consecutive years of surplus.</p>
