THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.

With numerous firms seeing a decline in earnings, and many...

Cover Story 2: How much did Malaysia’s top guns take home in 2020?

KUALA LUMPUR (May 18): Jardine Cycle & Carriage Ltd (Jardine CCL) is further extending –  for one last time – the deadline of its takeover offer for Cycle & Carriage Bintang Bhd (CCB) shares it does not already own.

Cycle & Carriage announces final deadline extension for takeover offer

KUALA LUMPUR (May 18): AirAsia Group Bhd has appointed Amanda Woo as the Chief Executive Officer of airasia super app, or previously known as airasia.com, with effect tomorrow (May 19).

She is replacing Karen Chan, who will be assuming a board position with the super app business, according to a statement released today. Prior to this, Woo was promoted in early-2019 to Chief Commercial Officer, whereby she was part of the founding team of the airasia super app. In her new role,  Woo will be reporting to Aireen Omar, President (airasia Digital) AirAsia Group.

AirAsia appoints Amanda Woo as CEO for its super app biz

Dagang NeXchange Bhd said its Indonesian consortium has bagged a three-year contract, with an option to extend for a further three years, to supply installation and maintenance support services of submarine cable communications system via the group's vessel.

DNeX's Indonesian consortium secures three-year submarine job with estimated revenue of RM186m

GHL Systems Bhd announced today that PayLater by Grab will be made available to selected online GHL merchants that are utilising the eGHL Payment Gateway.

GHL enables Grab’s PayLater for selected online merchants

The Malaysian Employers Federation said it supports the proposal for a more stringent Movement Control Order in states whch report a surge in Covid-19 infections, but is against a blanket lockdown.

MEF supports call for stricter MCO, but says no to full lockdown that disrupts economic recovery

The steep climb in commodity prices to multi-year high levels, if not record high, is inflating companies' input costs at a time many businesses are struggling with low sales volumes brought about by the Covid-19 pandemic.

Margin squeeze inevitable amid commodity boom

Pesona Metro Holdings Bhd has bagged a mixed development project worth RM319 million for the construction and M&E (mechanical and engineering) works for a 44-storey office tower in Kuala Lumpur.

Pesona Metro bags RM319m job to build office tower in KL

FURNITURE manufacturer Jaycorp Bhd is one of the companies that are thriving in the Covid-19 economy. Tightening international border controls and a ban on interstate travel in response to the pandemic have led to a reversal in the company’s fortunes as people spend more time in their homes and m...

Jaycorp sees fortunes turning amid Covid-19 pandemic 

KUALA LUMPUR (May 6): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (May 7) include: Inari Amertron Bhd, Sime Darby Property Bhd, Malayan Banking Bhd, IHH Healthcare Bhd, AirAsia Group Bhd, MISC Bhd, Berjaya Food Bhd, Sentral REIT, Cahya Mata Sarawak Bhd, My EG Services Bhd, Genting Malaysia Bhd, Seni Jaya Corp Bhd and Velesto Energy Bhd.

Inari, Sime Darby Property, Maybank, IHH Healthcare, AirAsia, MISC, Berjaya Food, Sentral REIT, Cahya Mata Sarawak, MyEG, Genting Malaysia, Seni Jaya and Velesto

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’

The implementation of the conditional pardon granted to Datuk Seri Najib Razak, allowing the former prime minister to serve the remainder of his prison sentence under house arrest, must be respected in keeping with the principles of constitutional monarchy and the rule of law.

King: Najib’s conditional pardon order must be respected

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

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

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

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

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

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

PDRM shuffles 19 senior officers in major leadership changes

The Attorney General's Chambers (AGC) has denied challenging the validity of the conditional royal pardon granted to former prime minister Datuk Seri Najib Razak, stressing that it is merely seeking legal clarity on the implementation of the pardon alongside existing court orders.

AGC denies defying King in clarifying Najib's conditional pardon

The Investment, Trade and Industry Ministry (Miti) has imposed provisional anti-dumping duties ranging from 4.41% to 35.06% on imports of flat-rolled products&nbsp;from China, Taiwan and Vietnam, effective Saturday.

Miti imposes anti-dumping duties on flat-rolled imports from China, Taiwan, Vietnam

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

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

Schroders plc is planning to sell off some of its real estate assets in Singapore, having appointed a pair of brokers to raise around S$220 million (US$172 million or RM697 million) from the sale of a mall, according to people familiar with the matter.

Schroders said to seek mall sale in bid to offload Singapore properties

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

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

The number of flood victims in Selangor and Perak continued to rise on Saturday morning, with 1,404 people from 374 families housed at temporary relief centres (PPS) in the two states, compared with 1,269 people on Friday.

Flood victims in Selangor and Perak rise to over 1,400

The Gig Workers Tribunal (TPG) has ruled on three disputes involving e-hailing drivers and GrabCar Sdn Bhd, including awarding RM2,000 in compensation to one driver while upholding the deactivation of another driver's account over misconduct involving passengers.

HR Ministry: Gig Workers Tribunal has ruled on three disputes involving GrabCar

A stronger-than-expected US jobs report bolstered the case for further Federal Reserve (Fed) interest rate hikes, which had lost some momentum amid a post-election stock market sell-off and growing fears that weaker artificial intelligence (AI)-driven demand could undercut the economy.

Fed policymakers consider rate hike after strong jobs report

OpenAI has closed on new funding of roughly US$11 billion (RM44.7 billion), the initial part of a round that values the company at US$1.25 trillion, according to people familiar with the matter.

OpenAI completes US$11 bil portion of funding at US$1.25 tril value

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 ...

Wong Ee Lin

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Wong Ee Lin

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