DURING the Covid-19 lockdown, Datuk Seri Andrew Tan Jun Suan, managing director and 53.86% shareholder of Tanco Holdings Bhd (KL:TANCO), was at his beachside resort in Port Dickson, pondering over a long-standing plan to build an integrated resort city that required a large investment.

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From beach resort to seaport — is Tanco for real?

Notable filings

Over the week of Sept 28 to Oct 2, notable filings on shareholding changes among Bursa Malaysia-listed companies included those at Avangaad Bhd (KL:AVANGAAD).

Sindora Bhd and Kulim (M) Bhd, both controlled by Johor Corp Bhd, the investment ar...

Insider Moves: Avangaad Bhd, Greatech Technology Bhd, Inari Amertron Bhd, Johor Plantations Group Bhd, Southern Cable Group Bhd, IJM Corp Bhd

THE situation at Zetrix AI Bhd (KL:ZETRIX) appears to be deteriorating, with more issues emerging. Late last Friday (Oct 2), Zetrix and its wholly-owned unit MyEG Sdn Bhd had their roles as collection agents for the Road Transport Department (JPJ) suspended, effective from 12.01am on Oct 5.
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Cover Story 2: Heading deeper into the woods

IN September 2022, CGS International Securities Sdn Bhd (then CGS CIMB) granted a RM60 million margin trading account facility to Wong Thean Soon, co-founder and largest shareholder of MyEG Services Bhd, now known as Zetrix AI Bhd (KL:ZETRIX).

The facility came with a price cap on Zetri...

Cover Story 2: Insights into margin calls on Zetrix’s Wong

Technology

NEUTRAL

MBSB INVESTMENT BANK (SEPT 29): The global semiconductor sales for the month of July grew by 135.1% year on year (y-o-y) and 6.4% month on month (m-o-...

Brokers Digest: Local Equities - Technology, Southern Cable Group Bhd, Yinson Holdings Bhd, AWC Bhd

THE ongoing issues at digital services and technology infrastructure provider Zetrix AI Bhd (KL:ZETRIX) could be a long-drawn affair, with managing director Wong Thean Soon, better known as TS Wong, likely to seek legal recourse after recent developments at the company ravaged its share price.

TS Wong could seek legal recourse over issues at Zetrix

TALKS of a potential corporate exercise at property developer MK Land Holdings Bhd (KL:MKLAND) have resurfaced, with a source familiar with the matter saying an adviser has been appointed to explore possible options.

The source spoke on condition of anonymity because the discussions are...

Talks of major corporate exercise at MK Land resurface 

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

Built for growth

Stock market regulator and operator Bursa Malaysia Bhd (KL:BURSA) is a regular feature at The Edge Billion Ringgit Club Awards. This year, it again bagged the award for Highest return on equity (ROE) in the financial services (non-banks) category for companies below RM10 billion in market capitalisation.

Sixth win in a row on sustained trading activity

Diversified conglomerate YTL Corp Bhd (KL:YTL) has pursued an aggressive expansion strategy in recent years across power, water, data centres and cement — moves that have put the group firmly back on investors’ radar, with the results to show for it.

A sterling earnings growth performance

SEOUL (Oct 25): North Korean leader Kim Jong Un returned from a surprise one-day trip to the Chinese border city of Dandong, where he visited a historic Korean War memorial, North Korean state media said on Sunday.

North Korea's Kim Jong Un returns from China after war memorial visit, state media says

KYIV (Oct 25): Tech tycoon Elon Musk accused Ukraine on Saturday (Oct 24) of violating Starlink's terms of service by using it for "drone strikes to kill people", after tension between Washington and Kyiv over disruptions to the SpaceX-made network crucial to the Ukrainian army's operations.

Musk accuses Ukraine of violating Starlink's terms of service

BENGALURU (Oct 25): A shooting near a Florida university campus in Tallahassee on Saturday night left 11 people with gunshot wounds and another injured, authorities said.

Eleven shot near Florida A&M University in Tallahassee

KUALA TERENGGANU (Oct 25): The Sessions Court here on Sunday discharged and acquitted a retired Rubber Industry Smallholders Development Authority (Risda) employee of six charges of misappropriating RM15,350 in association funds about 10 years ago.

Court acquits retired Risda employee of six charges of misappropriating RM15,350

KOTA KINABALU (Oct 25): The people of Sabah and Sarawak remain firmly committed to upholding Malaysia's sovereignty and reject any provocation involving the disrespectful display of the Jalur Gemilang by irresponsible parties overseas, Minister in the Prime Minister's Department (Sabah and Sarawak) Datuk Mustapha Sakmud said.

Sabah, Sarawak people uphold Malaysia’s sovereignty — Mustapha

KLANG (Oct 25): Orang Besar Istana Engku Maharaja Lela Setia Paduka Datuk Syed Budriz Putra Jamalullail Syed Amir Abidin Jamalullail topped the list of six recipients of Selangor state honours conferred in conjunction with the Silver Jubilee marking the 25th year of the reign of the Sultan of Selangor, Sultan Sharafuddin Idris Shah, on Sunday.

Orang Besar Istana Syed Budriz Putra Jamalullail leads six Selangor honours recipients

(Oct 25): British Columbia is set to elect its first Conservative Party majority in 98 years, according to Canadian broadcasters, swinging Canada’s third most populous province to the political right.

British Columbia’s left-wing leader loses to Conservatives in vote he called

BAGAN DATUK (Oct 25): Malaysia remains committed to its offer of assistance to Indonesia to address the transboundary haze affecting the country, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Malaysia remains committed to offer of aid to Indonesia to tackle haze — Ahmad Zahid

BENGALURU (Oct 25): British Prime Minister Andy Burnham has opened the door to the country readopting the European Union’s (EU) free-movement rules, the Sunday Times reported on Saturday.

British PM Burnham open to adopting EU free movement, Sunday Times reports

KUALA LUMPUR (Oct 25): Prime Minister Datuk Seri Anwar Ibrahim on Sunday extended his congratulations to the Sultan of Selangor, Sultan Sharafuddin Idris Shah, in conjunction with the Silver Jubilee marking 25 years of His Royal Highness' reign.

Anwar congratulates Sultan of Selangor on Silver Jubilee of reign

MELAKA (Oct 24): MCA will not recognise any of its candidates announced by Barisan Nasional (BN) for the 16th Melaka state election without the approval of the party’s top leadership.

Melaka polls: MCA will not recognise candidates announced without party’s approval — Wee

KUALA LUMPUR (Oct 25): The Sultan of Selangor,&nbsp;Sultan Sharafuddin Idris Shah, has expressed disappointment over the mismanagement of Tabung Haji, stressing that funds entrusted for religious purposes must be managed with accountability and responsibility.

Keep race and religion out of politics, says Sultan Sharafuddin

(Oct 25):&nbsp;Pessimism has gripped Chinese stocks, with no end in sight for a deepening selloff as investors confront the realities of an economy that’s weak enough to erode corporate profits but not to trigger forceful new stimulus.

Sinking profits turn China’s US$3.5 tril stock rout into trap

KUALA LUMPUR (Oct 25): This week’s City &amp; Country cover story looks at Astaka Padu Sdn Bhd, which is set to unveil Amora Parks, an 11.76-acre freehold integrated development in Johor Bahru with a gross development value of RM930 million. CEO Allen Khong discusses the mixed-use development, which will comprise four components — commercial development Amora Boulevard, Amora Serviced Residence, Amora Wellness Mall and an education hub.

New lifestyle offering in Tampoi

KUALA LUMPUR (Oct 25): As the umbrella body for five major voluntary organisations, the National Council for the Blind, Malaysia (NCBM) has created a common platform for blind and visually impaired individuals in the country to discuss key concerns before escalating them to relevant authorities.

To be seen + heard

TOKYO (Oct 25):&nbsp;An earthquake with a preliminary magnitude of 7.0 on Sunday struck waters near the Ogasawara Islands in the Pacific Ocean, south of Tokyo, with no tsunami warnings issued, the Japan Meteorological Agency (JMA) said, reported Xinhua.

Magnitude-7.0 earthquake strikes waters near Japan’s Ogasawara Islands

BAGAN DATUK (Oct 25): The issue of MCA’s dissatisfaction over the announcement of Barisan Nasional (BN) candidates for the 16th Melaka State Election will be discussed and resolved collectively before nomination day&nbsp;on&nbsp;Oct 31, said&nbsp;BN chairman Datuk Seri Dr Ahmad Zahid Hamidi.

Melaka polls: BN to discuss MCA candidate issue before Oct 31 — Ahmad Zahid

KUALA LUMPUR (Oct 25): The Federation of Malaysian Manufacturing (FMM) is urging the government to provide stronger tax incentives, easier financing and technology support to help small and medium enterprises (SMEs) grow and compete globally, in a statement on Sunday.

FMM urges stronger push to grow Malaysian SMEs through more capital, technology and support

KUALA LUMPUR (Oct 25): Twelve areas recorded unhealthy air pollutant index (API) readings as of 10am on Sunday, with Serian&nbsp;in Sarawak recording the highest reading at 194.

Haze: 12 areas record unhealthy API readings at 10am, Serian highest

ZURICH (Oct 24): Lindt &amp; Sprüngli has struggled because it misjudged how consumers would respond to price increases, the chair of the Swiss chocolate maker said, days after the company ousted its CEO over concerns about its performance.

Lindt got chocolate price hikes wrong, chairman says after CEO's ouster

(Oct 25):&nbsp;At a shipyard in northern Singapore, a yellow platform towers over a maze of scaffolding and cranes. Resembling a 15-story building, the piece will be shipped halfway around the world to Europe to be installed into an offshore wind farm.

Singapore yards chase profit from Europe’s offshore wind push

BAGAN DATUK (Oct 25): Malaysia remains committed to its offer of assistance to Indonesia to address the transboundary haze affecting the country, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

MELAKA (Oct 24): The government is taking into account national security and sovereignty concerns in considering a restriction on the use of the Waze navigation application among civil servants, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Waze ban for civil servants takes into account security risks, sovereignty

SEOUL (Oct 25): North Korean leader Kim Jong Un returned from a surprise one-day trip to the Chinese border city of Dandong, where he visited a historic Korean War memorial, North Korean state media said on Sunday.

KUALA LUMPUR (Oct 25): Prime Minister Datuk Seri Anwar Ibrahim on Sunday extended his congratulations to the Sultan of Selangor, Sultan Sharafuddin Idris Shah, in conjunction with the Silver Jubilee marking 25 years of His Royal Highness'&nbsp;reign.

(Oct 25):&nbsp;British Columbia is set to elect its first Conservative Party majority in 98 years, according to Canadian broadcasters, swinging Canada’s third most populous province to the political right.

SEATTLE (Oct 24): US President Donald Trump has been telling voters to view the midterm elections as if he were on the ballot, and on Saturday one of his Democratic predecessors did just that.

Obama unloads on Trump while stumping for Democrats ahead of midterms

KLANG (Oct 25): Orang Besar Istana Engku Maharaja Lela Setia Paduka Datuk Syed Budriz Putra Jamalullail Syed Amir Abidin Jamalullail topped the list of six recipients of Selangor state honours conferred in conjunction with the Silver Jubilee marking the 25th year of the reign of the Sultan of Selangor, Sultan Sharafuddin Idris Shah, on Sunday.

(Oct 25): US President Donald Trump defended his decision to wield tariffs during a campaign rally in Georgia, saying they’ve made the US richer as he announced that Volkswagen AG agreed to build a new US$4.2 billion Audi plant in the state.

Trump defends tariffs at rally as he touts new US Audi plant

(Oct 25): Yemen's Iran-aligned Houthis on Sunday renewed their warning against using Riyadh's King Khalid International Airport, hours after the airport announced it will designate two terminals for flights following a suspension earlier this month.

Jose Barrock

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Jose Barrock

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