<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 22):&nbsp;They range from a company with a market capitalisation (cap) of only RM50 million to one valued at a whopping RM5 billion!</p></div>

<div class=newsTextDataWrapInner><p>Few of these 21 companies make a profit but their share prices have surged in heavy trading in recent months.</p></div>

<div class=newsTextDataWrapInner><p>It (the companies) is all linked to the same person; usually, the most actively traded list on a daily basis involves these counters,” one source says when asked which are the companies that are linked.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Edge’s investigation shows how they are linked through a group of common shareholders and directors, with one person believed to be behind it all.</p></div>

<div class=newsTextDataWrapInner><p>Get the full story in this week’s issue of <em>The Edge Malaysia</em>.</p></div>

<div class="mt-4 embed-left"><a class="mobx embedimg-icon imgw-600" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pictures/Fintech Global Bhd penny stocks chart.png"><img alt="" src="https://assets.theedgemarkets.com/pictures/Fintech Global Bhd penny stocks chart.png" /></a>

<div class="thumb-cap">Some of the names behind the penny stocks. See the full chart in the Sept 21-Sept 27, 2020 issue of The Edge Malaysia weekly.</div>
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They range from a company with a market capitalisation (cap) of only RM50 million to one valued at a whopping RM5 billion!

Hidden hands behind penny stock surge

SYDNEY (Nov 13): Australian wages rose at the slowest annual pace since late 2022 in the third quarter (3Q2024), amid an influx of new workers and an easing in inflation, adding marginally to the case for an eventual cut in interest rates.

Australia’s 3Q wages rise at slowest pace since late 2022

China is marketing dollar bonds in Saudi Arabia, marking the country’s first debt sale in the US currency since 2021.

It is offering the three-year and five-year securities with initial price guidance of about 25 basis points and 30 basis points over the respective US Treasury yields, according to people familiar with the matter.

China begins to market its first dollar bonds in three years

Tan Sri Wan Zaki Wan Muda, the founder of Ahmad Zaki Sdn Bhd (AZSB) and group adviser to Ahmad Zaki Resources Bhd (KL:AZRB), passed away on Tuesday evening at the age of 75.

Ahmad Zaki founder Wan Zaki passes on

KUALA LUMPUR (Nov 13): BIMB Securities has downgraded Hartalega Holdings Bhd (KL:HARTA) to a “sell” call, from a “hold”, after a share price rally.

BIMB Securities downgrades Hartalega to ‘sell’ after price rally

BANDAR SRI BEGAWAN (Nov 13): The Asian aviation industry is still grappling with ongoing supply chain disruptions, even as demand remains resilient, according to a regional airlines association.

Supply chain mishaps cloud otherwise rosy Asian aviation prospects, says airline association

A new government beckons in Germany after the implosion of its ruling coalition, but it will face the same question: whether to allow higher public borrowing to prop up the flagging economy.

Is reform of Germany's debt brake on the cards?

SYDNEY (Nov 13): Australia's Prime Minister Anthony Albanese said he told US President-elect Donald Trump that the United States has a trade surplus with Australia, and it was in Washington's interest to "trade fairly" with its ally, while the defence minister highlighted Australia's record spending on security.

Australia raised fair trade in Trump phone call, says PM Albanese

Nissan Motor Co’s rapid decline has drawn the attention of one of the most influential activist investors in Japan, adding a fresh dose of uncertainty to the automaker’s turnaround plans.

Nissan enters new era of turmoil as Effissimo takes stake

Automotive financing provider Vroom Inc plans to file a prepackaged reorganisation under Chapter 11 in US bankruptcy court, according to a statement on Tuesday.

Car financing firm Vroom plans to file Chapter 11 to revamp debt

Shares of Life Water Bhd (KL:LWSABAH) surged 18% in their trading debut on Wednesday, after the beverage manufacturer’s initial public offering (IPO) raised over RM82 million on the back of strong investor demand.

Life Water surges 18% on Main Market debut

<p>Former finance minister&nbsp;Tun Daim Zainuddin has passed away at the age of 86, marking the end of an era for a figure who left a significant imprint on Malaysia's political and economic landscape.</p>

<p>One of his lawyers, Datuk Dr Gurdial Singh Nijar, confirmed the matter when contacted by<em> The Edge.</em></p>


Former finance minister Daim passes away

<p>Shares of Life Water Bhd (KL:LWSABAH) surged 18% in their trading debut on Wednesday, after the beverage manufacturer’s initial public offering (IPO) raised over RM82 million on the back of strong investor demand.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim said that any form of protectionism will affect countries in terms of trade and investment.</p>

<p>Speaking to Richard Quest on CNN recently, Anwar cited an example whereby a huge number of Malaysia’s microchips were exported to United States (US), which accounted for 26%.</p>


Any form of protectionism will affect trade and investment — Anwar

<p>Billionaire Elon Musk and entrepreneur Vivek Ramaswamy will lead a new Department of Government Efficiency tasked to “dismantle government bureaucracy, slash excess regulations, cut wasteful expenditures, and restructure federal agencies”, US President-elect Donald Trump announced on Tuesday.</p>


Trump picks Musk, entrepreneur Ramaswamy for govt efficiency effort

<p>BOSTON (Nov 12): The US Senate's Democratic majority began a crusade on Tuesday to confirm as many new federal judges nominated by President&nbsp;Joe Biden&nbsp;as possible, to avoid leaving vacancies that Republican&nbsp;Donald Trump&nbsp;could fill after taking office on Jan&nbsp;20, 2025.</p>


US Senate Democrats rush to confirm judges nominated by Biden before Trump takes office

<p>The government is strengthening ties with developed countries and leading multinational companies in the semiconductor industry in an effort to increase technological collaboration, said the Ministry of Investment, Trade and Industry (Miti).</p>


Govt expands collaboration with global semiconductor players — Miti

<p>A breakneck rally in stocks ran out of steam, with&nbsp;Treasury yields&nbsp;soaring and the dollar hitting the highest level in two years ahead of a key inflation report.</p>

<p>Equities edged lower after the S&amp;P 500’s biggest five-day run in a year. Following sizeable post-election gains, small caps and banks lost ground. Tesla Inc&nbsp;dropped after an almost 45% surge.&nbsp;</p>


S&P 500 rally hits a wall as treasury yields spike

<p>The Ministry of Investment, Trade and Industry (Miti) through its agency the Malaysian Investment Development Authority (Mida) has identified 12 leading Egyptian manufacturing companies interested in exploring investment opportunities in Malaysia.</p>

<p>Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the companies were interested in exploring investments in the pharmaceutical, medical device, aerospace and petrochemical sectors.</p>


Mida identifies 12 Egyptian companies interested in investing in Malaysia — Tengku Zafrul

<p>After a rapid cooling in Chinese tech stocks on cloudy domestic macro prospects and rising geopolitical risk, investors are looking to major earnings reports due this week for a second wind.</p>


Chinese tech stocks need earnings boost amid Trump, macro threats

<p>Malaysia aims to maintain its strong economic growth momentum while prioritising the sustainable development goals (SDGs), with a particular focus on climate change, renewable energy and emerging technologies — areas where China has demonstrated significant strength.</p>


Malaysia seeks to sustain economic growth with China, focusing on sustainable development goals

<p>Public-listed companies (PLCs) showed progress in the adoption of the Malaysian Code on Corporate Governance (MCGG), according to the Securities Commission Malaysia’s Corporate Governance Monitor (CG Monitor) 2024, which was published last Monday. However, the report highlighted three critical areas in need of improvement. The CG Monitor pointed to (i) the need to refresh board composition; (ii) enhancing shareholder participation through physical or hybrid annual general meetings (AGMs); and &nbsp;(iii) a deeper integration of sustainability governance practices.</p>


SC CG Monitor: 3 critical areas of improvement needed for PLCs

<p>Asian stocks fell to the lowest level in almost two months on Wednesday, before US inflation data that may further sap confidence in the pace of Federal Reserve (Fed) interest-rate cuts.&nbsp;</p>


Asian stocks drop to two-month low before US CPI

<p>Elon Musk surfaced once more in a round of phone calls US President-elect Donald Trump is making with world leaders, driving home the billionaire’s outsized influence in the next administration. &nbsp;</p>


Musk is making a habit of joining Trump’s calls with leaders

<p>（吉隆坡13日讯）前财政部长敦达因逝世，标志着这位在大马政治和经济领域留下重要印记的人物时代落幕。</p>


前财长敦达因逝世

<p>Nissan Motor Co’s rapid decline has drawn the attention of one of the most influential activist investors in Japan, adding a fresh dose of uncertainty to the automaker’s turnaround plans.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim stressed that anyone involved in corruption must be prosecuted in line with the Madani Government's policy stance.</p>

<p>However, Anwar stressed that the action taken must be based on transparency and justice.</p>


Anyone involved in corruption must be prosecuted — Anwar

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim has criticised what he views as Western media bias in their coverage of the Israel-Palestine conflict, calling for a consistent global stance on human rights.</p>


Anwar condemns Western bias in Gaza discourse, calls for consistency on human rights issues

<p>Seven &amp; i Holdings Co&nbsp;is considering a management buyout to take itself private with funding from banks, Itochu Corp, and the founding Ito family in a transaction that could be worth ¥9 trillion (US$58 billion or RM258.63 billion), people with knowledge of the matter said.</p>


Seven & I mulling US$58b management buyout, Bloomberg reports

<p>ValueAct Capital has built a US$1 billion stake in Meta Platforms but is not currently pushing for big changes at the Facebook and Instagram parent, a source familiar with the matter told Reuters on Tuesday.</p>


ValueAct takes US$1 billion stake in Meta, source says

<p>WASHINGTON (Nov 12): US&nbsp;President-elect Donald Trump said on Tuesday that he has picked as his secretary of defence, Pete Hegseth, a <em>Fox News </em>commentator and veteran who has expressed disdain for the so-called "woke" policies of Pentagon leaders, including its top military officer.</p>
