RETAILERS are still forecasting growth in sales this year, albeit at a slower pace than initially projected. However, they expect margins to be hit by reduced purchasing power and the higher cost of doing business.

In addition, any boost to retail sales from higher foreign tourist arriv...

Retailers may achieve higher sales, but not necessarily better margins 

D&O Green Technologies Bhd

Target price: RM4.80 BUY

Brokers Digest: Local Equities - D&O Green Technologies Bhd, MI Technovation Bhd, ECA Integrated Solution Bhd, Glomac Bhd

By now, you would have heard that after seven months of pre-wedding events and parties, Ananth Ambani and Radhika Merchant finally tied the knot on July 12 in Mumbai, India. If you haven’t, well, I wish my sleep could be that deep.

Coffee Break: Hankering for a slice of ‘Ambaninomics’

THE decision to sell the 160-year-old Penang Turf Club (PTC) — which sits on the largest undeveloped tract of land in George Town — has generated “overwhelming interest” among local and international companies looking to bag the valuable parcel for redevelopment, including at least two prominent ...

The race is on for Penang Turf Club

GROCER TFP Retail Sdn Bhd — which operates the Village Grocer, Ben’s Independent Grocer (BIG) and The Food Merchant chain — is projecting robust growth in the current financial year ending Oct 31, 2024 (FY2024), driven by store expansion, limited competition and rising disposable income among the...

Village Grocer poised to outpace overall retail growth

WHILE two prominent hospital operators — IHH Healthcare Bhd (KL:IHH) and Sunway Healthcare — have emerged as potential suitors for the 600-bed Island Hospital in Penang in a deal said to be worth between RM3.76 billion and RM4.7 billion, the question arises as to whether such a price is justified...

Are IHH and Sunway prepared to pay more than RM4 billion for Island Hospital?

THE mall at Empire City Damansara, which has had multiple false starts over the past decade, is set to finally open in June 2025, 14 years after the project was first launched. Ahead of its opening, the owners of the mall — which will be renamed Hextar World at Empire City — have scheduled a laun...

Hextar World at Empire City to finally open in a year’s time 

THE government is making what appears to be the third attempt in nine years to dispose of a large tract in Pulau Indah in Klang, Selangor. The 1Malaysia Development Bhd (1MDB)-owned land, which has been designated as a free trade zone (FTZ), may be able to fetch as much as RM559 million.

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MoF makes third attempt to sell 1MDB’s land in Pulau Indah, hopes to fetch 50% more

RUSSIA-based Svetofor Group, which operates a chain of grocers in Russia and across Europe is planning to make its entry into Malaysia, possibly its first Southeast Asian destination. The group, known for its hard discount stores/budget supermarkets, is understood to be awaiting the green light f...

Russian grocery retailer Svetofor gears up for Malaysian debut

SINGAPORE-based Allgreen Properties Ltd, a company controlled by Malaysia’s richest man Robert Kuok, has bought back the stake in Johor Bahru City Square (JBCS) mall that it sold to Singapore sovereign wealth fund’s GIC Real Estate Pte Ltd — the real estate investment arm of the Government of Sin...

Kuok Group buys back Johor mall it sold two decades ago to Singapore’s sovereign fund

Malaysia must accelerate the modernisation of its agricultural sector and improve production efficiency to strengthen food security amid growing challenges, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

Agricultural modernisation key to strengthening food security — Mohamad Sabu

Anthropic PBC’s initial public offering (IPO) plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation.

Anthropic IPO buyers see valuation as low as US$1.1 tril

A seafarer on a Greek-owned oil tanker was killed in an apparent missile attack in the Gulf, its owner said on Friday.

Company says sailor killed in Gulf tanker attack

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’

While the public were focused on the plantation sector’s culpability in causing the haze hanging over the region in the last three months, Malaysian planters have been struggling with tight labour conditions in their estates, along with a high level of palm oil inventories.

Double cover: Malaysian planters brace for migrant worker shortage + Hong Leong Bank closes in on industry leadership across key metrics

Anthropic PBC’s initial public offering (IPO) plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation.

Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US regulations for the artificial intelligence (AI) industry.

US stocks rally after heavy AI-related sell-off; oil steady

Sarawak Premier&nbsp;Tan Sri Abang Johari Tun Openg is looking beyond Malaysian shores and politics. He is mapping out strategies to make Sarawak an investment destination for technology-intensive industries.

Abang Jo on how clean energy will draw tech investments

Months of unease over Wall Street’s artificial-intelligence (AI) boom erupted into a global market convulsion this week, opening a dangerous new chapter for the investment frenzy that has helped power stock prices, corporate spending and economic growth.

Wall Street grapples with US$5.7 tril rout as AI bets unwind

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.

Malaysia must accelerate the modernisation of its agricultural sector and improve production efficiency to strengthen food security amid growing challenges, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

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.

Real estate developers SKS Group and MB World Group Bhd have acquired the hotel block and four residential blocks situated above Capital City Mall in Tampoi, Johor Bahru, for approximately RM50 million, according to a press statement and supplementary comments on Friday.

SKS Group and MB World acquire hotel and serviced apartments above Capital City Mall in Johor for RM50m

A seafarer on a Greek-owned oil tanker was killed in an apparent missile attack in the Gulf, its owner said on Friday.

Taiwan Semiconductor Manufacturing Co (TSMC) is considering broadening its business to include advanced memory chip manufacturing, The Information reported, a move that would give the world’s largest chipmaker an even bigger share of the artificial intelligence (AI) hardware supply chain.

TSMC said to mull making advanced AI memory chips

US intelligence officials told the Trump administration that a woman who had become close to Nvidia Corp chief executive officer Jensen Huang was working for a Chinese spy agency, which recruited her to collect information on him, The New York Times reported on Friday.&nbsp;

US believes woman close to Nvidia CEO a China spy — report

The continuation of Human Resources Minister Datuk Seri R&nbsp;Ramanan's appeal in the dispute between the National Union of Bank Employees (NUBE) and the Malaysian Commercial Banks’ Association (MCBA) is aimed at obtaining a Court of Appeal ruling on legal issues arising from the High Court's decision, the ministry said on Saturday.

NUBE-MCBA dispute: HR minister to continue appeal for court ruling on legal issues

Bank Negara Malaysia (BNM) has taken enforcement action against Najmuldin Exchanger and Nusantara Global Network over suspected contraventions of the Financial Services Act 2013 (FSA).

Foreign currency services: BNM takes action against two entities for unapproved advertising

Much of the world has been bemused by US President Donald Trump’s expectation of the Nobel Peace Prize. While aggressive towards most of the world, friend and foe alike, he has treated hostile nuclear powers more respectfully.

<h3>War is peace!</h3>

One needs more than George Orwell ...

My Say: Why Trump expects the Nobel Peace Prize

There’s something rotten in the state of Denmark. For Manchester United fans, the scale and all-encompassing nature of the club’s decline is becoming Shakespearean. For the rest of football, it may be a welcome diversion from the very different demise of neighbours, Manchester City, but for ABUs ...

Business Of Sports: Even Fergie cannot escape blame for United’s doom loop

The Royal Malaysian Police (PDRM) on Saturday announced the transfer of 19 senior officers to several strategic positions at the state, departmental, and force levels.

Vasantha Ganesan

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Vasantha Ganesan

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