MyNews Holdings Bhd has redesignated its chief executive officer (CEO) for retail Low Chooi Hoon as a consultant to the convenience chain operator, effective April 1 to Aug 31, 2022.

MyNews redesignates retail unit’s CEO as consultant, no reasons provided for change

Heineken Malaysia Bhd kicked off financial year 2022 (FY22) strongly as net profit jumped 54% to RM113.38 million in the first quarter of FY22 ended March 31, 2022 versus RM73.54 million in the same period last year.

Heineken's 1Q profit leaps 54% to RM113.4m to kick off FY22

KUALA LUMPUR (May 10): Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (May 11) may include: Advanced Packaging Technology (M) Bhd, Jadi Imaging Holdings Bhd, CSH Alliance Bhd, Frontken Corp Bhd, GIIB Holdings Bhd, Hartalega Holdings Bhd, Mesiniaga Bhd, Serba Dinamik Holdings Bhd, SLP Resources Bhd and Xin Hwa Holdings Bhd.

Advanced Packaging Technology, Jadi Imaging, CSH Alliance, Frontken, GIIB, Hartalega, Mesiniaga, Serba Dinamik, SLP and Xin Hwa

KUALA LUMPUR (May 10): EA Technique (M) Bhd said it has sold off its vessel Nautica Renggam (NRG) to a Korean company for a cash consideration of US$5.05 million, equivalent to RM21.39 million.

EA Technique sells tanker to Korean company for RM21.39m

KUALA LUMPUR (May 10): Integrated logistics service provider Xin Hwa Holdings Bhd plans to diversify into the precision machining business after acquiring a 79% stake in Micron Metal Engineering Sdn Bhd (Micron) for RM19.75 million in a cash plus shares deal.

Xin Hwa to diversify into precision machining business by acquiring 79% stake in Micron

KUALA LUMPUR (May 10): CSH Alliance Bhd’s (formerly known as KTG Bhd) electric vehicle (EV) unit has inked a sale and purchase agreement(SPA) on Tuesday (May 10) to acquire three adjoining plots of industrial land measuring 55.32 acres in Tanjung Malim, Perak for RM12 million from Minetech Resources Bhd to build an EV assembly plant.

CSH Alliance’s EV unit to acquire land in Perak from Minetech for RM12m to build EV assembly plant

Willowglen MSC Bhd has been awarded a RM23.97 million contract by Majubina Resources Sdn Bhd.

Willowglen MSC bags RM23.97m telecom tower infrastructure contract in Sabah

Malaysia's number of employed persons rose to a record high of 15.77 million in March 2022 from 15.73 million in the preceding month (February 2022) and 15.33 million a year earlier (March 2021) as more people got employed in the services, manufacturing and construction sectors in line with the country's Covid-19 vaccine-driven resumption of economic activities, according to the Department of Statistics Malaysia and economists.

Malaysia's number of employed persons rises to record high

KUALA LUMPUR (May 9): Based on corporate announcements and news flow on Monday, companies in focus on Tuesday (May 10) may include: Affin Bank Bhd, G Capital Bhd, GIIB Holdings Bhd, Econpile Holdings Bhd, JF Technology Bhd, MPHB Capital Bhd, OCK Group Bhd, Pensonic Holdings Bhd, SCGM Bhd, Serba Dinamik Holdings Bhd and Uzma Bhd.

Affin Bank, G Capital, GIIB, Econpile, JF Tech, MPHB, OCK, Pensonic, SCGM, Serba Dinamik and Uzma

Econpile Holdings Bhd said it has bagged a contract worth RM37.36 million for substructure works in Pantai Dalam, Kuala Lumpur, in a bourse filing on Monday (May 9).

Econpile bags RM37.36m contract for substructure works in Pantai Dalam development

Monster Beverage Corp shares fell as much as 8.2% on Friday, the biggest decline in over two years, after the energy drink giant’s weaker-than-expected margins underscored the impact of soaring costs in the beverage industry.

Monster shares fall as weaker margins highlight cost burden

Pakatan Harapan's (PH) track record as a key component of the federal government should serve as a yardstick for Melaka voters to assess the coalition's capabilities ahead of the 16th Melaka state election on Nov 14, said Pasir Gudang Member of Parliament Hassan Abdul Karim.

Melaka voters urged to judge PH by federal govt's performance — Hassan Karim

Collaboration between plantation companies and oil palm smallholders to increase both parties’ yields and income will be raised at the Cabinet meeting next week, said Prime Minister Datuk Seri Anwar Ibrahim.

Plantation companies-oil palm smallholders collaboration to be raised in Cabinet next week — Anwar

US consumer sentiment rose in November to a three-month high, bolstered by modest improvements in Americans' views of their personal finances and the economic outlook.

US consumer sentiment unexpectedly rises, fuelled by independents

The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher artificial intelligence (AI) regulation, even as the jobs report raised interest-rate hike concerns.

Nasdaq pares losses as chips recover, rate-hike fears linger

Treasuries dipped after an unexpected surge in US job growth led traders to add to wagers that the Federal Reserve (Fed) will raise interest rates when officials next meet in December.

US Treasuries stumble as strong jobs data backs Fed-hike bets

TikTok moved one step closer to a new European Union fine after regulators found its video-recommendation algorithm pushes users down “rabbit holes” of potentially harmful content, escalating an almost three-year probe into the video-sharing app.

EU escalates TikTok probe over algorithmic ‘rabbit holes’

US job growth surged in October and the unemployment rate edged lower, a sign of labour-market strength in an expanding economy.

US adds 165,000 jobs, topping all forecasts in broad advance

The Attorney General's Chambers has no basis to delay Datuk Seri Najib Razak's house arrest as the former prime minister has met all the condition set by the king, said lead defense counsel Tan Sri Muhammad Shafee Abdullah.

Shafee: AGC has no legal basis to delay Najib's house arrest

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

Unisem, Frontken, Public Bank, Maxis, Zetrix AI, TRC Synergy, IOI Corp, IOI Property, MISC,  Yinson, Microlink, APB Resources & Nestcon

Imprisoned former prime minister Datuk Seri Najib Razak has paid the RM50 million fine, paving the way to him serving the remainder of his prison term in the confinement of his home.

Najib settles RM50m fine, paving way for house arrest in SRC case

Authorities should investigate the source of the money raised to pay former prime minister Datuk Seri Najib Razak’s fine, said DAP’s Tony Pua.

Investigate source of money raised to pay Najib’s fine, says Tony Pua

Public Bank Bhd (KL:PBBANK) saw its net profit drop 3.8% year-on-year in the third quarter ended Sept 30, 2026 (3QFY2026) on higher loans or financing impairment allowances.

Public Bank 3Q net profit slips 3.8% on higher loan loss charges

Imprisoned former prime minister Datuk Seri Najib Razak's legal team has confirmed that the RM50 million fine has been paid and the court has subsequently issued an order for house arrest.

Court has issued Najib's order for house arrest

The grounds of judgement, for the decision that allows for the additional testimony of one of the prosecution’s star witnesses in Datin Seri Rosmah Mansor's completed graft case, are still pending.

Grounds of judgement not ready, delaying additional testimony of key witness in Rosmah's completed graft case

Datuk Seri Najib Razak should remain in prison until the conditional pardon order on his house arrest is clarified, the Attorney General's Chambers said on Friday.

Attorney General: Najib should remain in jail until house arrest order clarified

Datuk Lee Yeow Seng has stepped down from the board of IOI Corp Bhd (KL:IOICORP) to focus on the conglomerate’s property arm, IOI Properties Group Bhd (KL:IOIPG), which is in the midst of listing IOIPG Malaysia Real Estate Investment Trust on Bursa Malaysia.

Lee Yeow Seng steps down from IOI Corp board to focus on leading IOI Properties

SoftBank Group Corp&nbsp;founder Masayoshi Son and other tycoons across Asia saw billions erased from their fortunes as a global tech sell-off rippled through their companies on Friday.

AI elite lose US$18 bil as chip stock rout spreads to Asia

A consortium comprising MISC Bhd (KL:MISC), Yinson Holdings Bhd's (KL:YINSON) founding Lim family and the Employees Provident Fund (EPF) has submitted a formal proposal to privatise Yinson at RM2.50 per share, valuing the energy infrastructure group at RM7.31 billion. 
&nbsp;

MISC, Lim family, EPF make RM4 bil offer to take Yinson private at RM2.50 a share

Former prime minister Datuk Seri Najib Razak's house arrest has yet to start despite paying the RM50 million fine required by the Federal Territories Pardons Board, Transport Minister Anthony Loke Siew Fook said on Friday.

Loke says Najib at hospital for checks, to quit as soon as ex-PM's house arrest starts

Bursa Securities has directed Zetrix AI Bhd (KL:ZETRIX) to pay its delayed final dividend for the &nbsp;year ended Dec 31, 2025 (FY2025) by Nov 23. The bourse regulator also asked the company to disclose material information on its financial condition and several other developments which it views with serious concern. 
&nbsp;

Bursa directs Zetrix to pay FY2025 final dividend by Nov 23, disclose info on financial condition

The ringgit could possibly strengthen towards the 4.00 threshold against the greenback by year-end, CIMB Treasury and Markets Research opines, as it foresees electronics exports widen Malaysia’s trade surplus and exporters convert more of their overseas earnings into ringgit.&nbsp; 
&nbsp;

Ringgit could strengthen towards 4.00 per US dollar by year-end, says CIMB

Malaysia’s push to become a regional data centre hub is putting pressure on its energy infrastructure, as new power generation and grid capacity take much longer to build than the facilities they are meant to support, according to experts.

Energy capacity struggles to keep pace with Malaysia’s data centre ambitions

Bank Negara Malaysia’s (BNM) international reserves rose&nbsp;to US$132.6&nbsp;billion as at Oct 30, 2026, from US$132.1&nbsp;billion as at Oct 15.

BNM international reserves hit US$132.6b as at Oct 30

Maxis Bhd (KL:MAXIS) on Friday reported a 8.5% increase in its net profit in the third quarter from a year earlier thanks to higher service revenue as well as lower costs.

Maxis earnings grow by 8.5% in 3Q, declares 4.5 sen per share dividend

South Korea’s government turned the world’s hottest stock market into a political trophy. Now, a reversal that’s wiped out more than a trillion dollars in value is stirring a retail investor backlash and testing public faith in its leaders.

South Korea’s US$1.7 tril rout burns day traders, challenges Lee

KUALA LUMPUR (Nov 6): Semiconductor assembly and test services provider Unisem (M) Bhd (KL:UNISEM) saw its net profit jump 59% in the third quarter, thanks to higher sales volume and other operating income.

Unisem's 3Q net profit jumps 59%; declares one sen interim dividend

Prime Minister Datuk Seri Anwar Ibrahim has expressed disagreement with Umno’s decision to pay the RM50 million fine on behalf of former prime minister Datuk Seri Najib Razak, stressing that corruption and abuse of power must not be taken lightly in the name of friendship.

Anwar disagrees with Umno paying Najib's RM50 mil fine

(Nov 6):&nbsp;The hackers who stole US$6.3 billion from Binance last week found a way to take 40% of the stolen cryptocurrency in one hit, reducing their chances of being caught in the act, and it cost them just US$15.

Hackers paid US$15 to drain US$2.5 billion from Binance in one hit

Semiconductor support services firm Frontken Corporation Bhd (KL:FRONTKN) posted record earnings in the third quarter ended Sept 30, 2026 (3QFY2026), driven by stronger performance across its core businesses and effective cost controls.

Seah Eu Hen

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