DURING the holiday-shortened week, Destini Bhd saw 20 million shares or a 1.73% stake change hands in direct deals for RM12 million in total. The shares crossed in two blocks — of four million shares on Feb 14 and 16 million shares on Feb 20 — at 60 sen apiece.

Accordin...

Off-Market Trades: Destini Bhd, Hartalega Holdings Bhd, PUC Bhd, SMTrack Bhd, UMW Oil & Gas Corp Bhd, S P Setia Bhd

BETWEEN Proton Holdings Bhd’s move to overhaul its vendor ecosystem and Pos Malaysia Bhd’s ongoing negotiation of a collective agreement (CA), DRB-Hicom Bhd will certainly be hoping for the general election to be over as soon as possible.

While the management has to worry about walking ...

Tale of two DRB-Hicom subsidiaries

MERE days before the Chinese New Year break, Alliance Bank Malaysia Bhd served a summons on AMMB Holdings Bhd (AmBank), taking the latter to court for allegedly misappropriating sensitive information via ex-employees of Alliance Bank.

The suit is said to name key personnel within AmBank...

Newsbreak: Alliance takes AmBank to court for data theft  

PETALING JAYA: Alliance Bank Malaysia Bhd has been quick to respond to news of a suit it has filed against AMMB Holdings Bhd (AmBank).

“With reference to the recent article in The Edge Malaysia [weekly], this issue arose from the actions of certain individuals. We have reached out to Am...

After filing suit, Alliance seeks to ‘resolve’ the matter with AmBank

YOUNG investors are just not interested in trading stocks these days, but who can fault them?

The main goal of investing is to make money, and there are plenty of attractive alternatives to the stock market. Cryptocurrency, property and small businesses are just a few examples.

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Cover Story: When the stock market can’t compete

FOR the holiday-shortened week, the minimum block size was reduced to 400,000 shares from the usual 500,000 shares in order to capture more trades.

By value, Malayan Banking Bhd (Maybank) stood out with RM468.6 million worth of shares changing hands off market. A total ...

Off-Market Trades: Malayan Banking Bhd, SKH Consortium Bhd, Industronics Bhd, PDZ Holdings Bhd

COME July, Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF) will come into effect, effectively dropping the barriers that previously kept non-bank e-payment players out of the established banking ecosystem.

The measures themselves should not catch banks and non-bank...

Can e-payment players capitalise on lifting of barriers?

HAVING started developing its Indonesian estates almost eight years ago, IJM Plantations Bhd is now reaping the benefits as its oil palm trees mature. But in a sector weighed down by back-to-back El Niño dry spells, the company stands out as one of the worst-performing planters. The counter touch...

IJM Plantations — a laggard worth watching 

D’NONCE Technology Bhd, which makes industrial tapes for the electrical and electronics sector, saw 53.97 million shares, or 29.25% equity interest, worth RM22.13 million traded off market on Jan 23.

Managing director — and the single largest shareholder — Law Kim Choon...

Off-Market Trades: D'Nonce Technology Bhd, ATTA Global Group Bhd, Tatt Giap Group Bhd, JMR Conglomeration Bhd, Malayan Banking Bhd  

IT finally happened. It has taken slightly over a year, but one Malaysian industry has found itself in the sights of US President Donald Trump’s administration, which took protectionist trade action by imposing a 30% import tax on solar panels.

Last week, the president approved two Sect...

US solar panel tax casts a faint shadow on Malaysian manufacturers 

The tech-heavy Nasdaq fell more than 1% on Thursday as Alphabet's results rekindled worries about ballooning artificial intelligence (AI) costs, outweighing strength in other sectors, including financials and healthcare, as earnings continued to dominate investor focus.

Nasdaq falls as Alphabet set for record loss amid AI spending woes

Perikatan Nasional (PN) has postponed announcing its candidate for one remaining state seat allocated to the coalition under an understanding with Barisan Nasional (BN) for the 16th Melaka state election.

Perikatan delays announcement of one Melaka state seat candidate

Perikatan Nasional (PN) has announced five candidates for the 16th Melaka state election next month.

Perikatan names five candidates for Melaka polls

Parti Pribumi Bersatu Malaysia (Bersatu) announced eight candidates who will contest in the 16th Melaka state election on Nov 14.

Melaka polls: Bersatu announces candidates for eight seats

Parti Pribumi Bersatu Malaysia (Bersatu) will use its official party logo in the 16th Melaka state election on Nov 14, said its secretary general Datuk Seri Mohamed Azmin Ali.

Bersatu confirms use of own logo in Melaka polls

Cuscapi Bhd (KL:CUSCAPI) saw boardroom changes on Thursday, including the resignation of businessman Datuk Jayakumar Panneer Selvam.

Cuscapi sees boardroom changes as businessman Jayakumar resigns

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday

Big Caring, Zetrix AI, Heitech Padu, SD Guthrie, YTL Power, Mega Fortris, GIIB, JF Technology, TSH Resources, BAT Malaysia, Mi Technovation, Axis REIT, Chin Teck Plantations, Taghill &SLGC 

The cost of insuring against losses on Alphabet Inc’s debt rose on Thursday as its shares plummeted, after disappointing results intensified fears that its massive bet on debt-funded artificial intelligence (AI) spending may fail to pay off.

Google debt-risk gauge rises as earnings revive AI debt jitters

Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.

Mi Technovation 3Q profit surges 85% on strong semiconductor demand

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

SD Guthrie to join hands with YTL Power, Bumi Assets to develop 1,623-acre Klang industrial park

Zetrix AI Bhd (KL:ZETRIX) told Bursa Malaysia in response to its queries that a dissolution event for its RM2 billion sukuk was triggered after it breached a covenant requiring managing director Wong Thean Soon to remain its largest shareholder.

Zetrix AI tells Bursa dissolution event for RM2 bil sukuk triggered but no immediate repayment of RM2.16 bil required

SD Guthrie Bhd (KL:SDG) has partnered with YTL Power International Bhd (KL:YTLPOWR) and Bumi Assets Sdn Bhd to develop a 1,623-acre industrial park in Bukit Kerayong, Selangor.

Zetrix AI Bhd's (KL:ZETRIX) wholly owned unit MyEG Sdn Bhd has received a RM353.13 million tax bill from the Inland Revenue Board (IRB) over transfer pricing matters for the years of assessment 2021 to 2023.

Zetrix AI’s MyEG unit hit with RM353.13 mil tax bill, govt files suit

HeiTech Padu Bhd (KL:HTPADU) said it is no longer collaborating with Zetrix AI Bhd (KL:ZETRIX) on the RM1.05 billion National Integrated Immigration System (NIISe) project, after both parties mutually agreed not to extend their teaming agreement.

HeiTech Padu says no longer working with Zetrix AI on NIISe, assures no impact on project

Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday

One of the three Court of Appeal (COA) judges hearing the federal government’s appeal over the Sabah revenue issue on Thursday quizzed parties as to what had transpired between the federal and Sabah governments between 1969 to 2021 that had resulted in them not agreeing to a review between them to increase the state’s revenue.

What happened during 'the lost years', asks COA judge on decades-delayed Sabah-federal revenue review

Indonesian police are investigating 97 corporations, including 22 foreign-linked companies, over forest and land fire cases across the country, with 20 companies already named as suspects.

Indonesian police probing 97 corporations over forest fires, 20 named as suspects

The tech-heavy Nasdaq fell more than 1% on Thursday as Alphabet's results rekindled worries about ballooning artificial intelligence (AI) costs, outweighing strength in other sectors, including financials and healthcare, as earnings continued to dominate investor focus.

The Dewan Rakyat passed the Supply Bill 2027, or Budget 2027, at the policy stage on Thursday after it received majority support from Members of Parliament in a voice vote.

Dewan Rakyat passes Budget 2027 at policy stage

Two local companies licensed to extract rare earth elements (REE) in Kelantan are expected to begin mining next year.

Rare earth elements: Two Kelantan companies expected to begin mining next year

Mi Technovation Bhd (KL:MI) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by higher sales volume, improved average selling prices and optimised product mix.

JF Technology Bhd (KL:JFTECH) has proposed issuing up to 388.01 million free warrants to existing shareholders, giving them the option to buy more shares in the semiconductor test equipment maker over the next five years.

JF Technology proposes up to 388 mil free warrants to reward shareholders

Main Market-bound Big Caring Group Bhd supports calls to allow Malaysians to use their government issued cashless aid credits in retail pharmacies.

Big Caring Group supports proposal on expanding SARA cashless aid to retail pharmacies in Budget 2027

The Malaysian Anti-Corruption Commission (MACC) issued asset declaration notices to businessman&nbsp;Datuk Seri Nazir Hussin&nbsp;Akhtar Hussin and his brother,&nbsp;Datuk Mubarak Hussain, on Oct 20.

MACC issues asset declaration notices to Nazir Hussin and his brother 

Alphabet Inc’s shares fell about 10% in early trading, setting the stock up for its biggest-ever market value wipeout, after the company reported disappointing search and advertising sales that reinforced investor concerns about artificial intelligence’s (AI) threat to its core business.

Google shares drop after 3Q sales miss reignites fears over AI

TSH Resources Bhd (KL:TSH) said its review of records to date has not identified any business relationship with any of the 10 companies named by Singapore’s National Environment Agency (NEA) regarding forest and peatland fires in Indonesia. 
&nbsp;

TSH Resources finds no business links to 10 Indonesian firms named by Singapore's NEA

Ahmad Syahazan Yaacob has been elected as the new president of the Malaysian Institute of Accountants (MIA) and Datuk Muhamad Umar Swift as its vice president, with both positions effective Thursday, said MIA.

Ahmad Syahazan elected MIA president, Muhamad Umar as vice president

Newly-listed SLGC Bhd (KL:SLG) on Thursday secured a RM50.24 million contract to undertake the construction of detached industrial factories and related infrastructure works in Telok Panglima Garang, Selangor. 
&nbsp;

SLGC bags RM50 mil construction contract, first win after listing

The government will from next year disclose more details of its projects, including the contractors undertaking them and their contract values, Finance Minister II Datuk Seri Amir Hamzah Azizan said on Thursday.

Govt to disclose contractors, contract value of its projects under new law in 2027 — Amir Hamzah

European Central Bank (ECB) president Christine Lagarde played down the danger that inflation will spread beyond energy after news that she will step down early overshadowed Thursday’s decision to leave interest rates untouched.

Ben Shane Lim

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