<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 21): Inix Technologies Holdings Bhd will change its name to Zen Tech International Bhd effective Thursday (June 23).</p></div>

<div class=newsTextDataWrapInner><p>The new stock short name will be Zentech, the glovemaker and e-commerce specialist said in a Bursa Malaysia filing.</p></div>

<div class=newsTextDataWrapInner><p>The stock number, however, will remain unchanged.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Shares in Inix closed 0.5 sen or 7.69% higher at seven sen on Tuesday, giving the group a market capitalisation of RM33.36 million.</p></div>


Inix Technologies Holdings Bhd will change its name to Zen Tech International Bhd effective Thursday (June 23).

Inix Technologies changes name to Zen Tech International

China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media The Economic Observer reported on Thursday.

China Vanke's CEO detained by authorities, state media reports

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

Alliance Bank, Hextar Industries, Jati Tinggi, Ancom Nylex, Sarawak Oil Palms, Sedania, Tanco, Silver Ridge

Prime Minister Datuk Seri Anwar Ibrahim on Thursday visited the Battersea Power Station, which is Malaysia's largest investment involving public funds in Europe.

Anwar, who is here on a five-day working visit to the UK, was received upon arrival by Tan Sri Shahril Ridza Ridzuan, chairman of Battersea Project Holding Company Ltd, and Permodalan Nasional Bhd (PNB) president and group chief executive Datuk Abdul Rahman Ahmad.

Anwar pays a visit to iconic Battersea Power Station

A witness in the sexual harassment trial involving preacher Ebit Irawan Ibrahim Lew, or Ebit Lew, told the Magistrate's Court here that the WhatsApp messages exchanged between the complainant and the preacher had been deleted and could not be retrieved.

WhatsApp messages between complainant and Ebit Lew deleted, irretrievable, says witness

Malaysia’s RM4 trillion equity and debt capital market is well-positioned to support the country’s growth, enabling businesses and investors to leverage and benefit from emerging opportunities, Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar said on Thursday.

Malaysia’s RM4 tril capital market propels growth for businesses, investors — Wahid Omar

Singapore-based steel firm Green Esteel Pte Ltd has emerged as Southern Steel Bhd's (KL:SSTEEL) new controlling shareholder with a 50.1% stake in the company.

Singapore's Green Esteel emerges as Southern Steel's new controlling shareholder

Irish budget airline Ryanair said on Thursday it would cut flights at seven regional airports in Spain this summer due to what it called "excessive fees" levied by state-controlled airport operator Aena.

The airline will stop operating in the cities of Jerez and Valladolid and will reduce the number of flights to and from Vigo, Santiago de Compostela, Zaragoza, Santander and the airport of Asturias.

High airport fees forcing Ryanair to slash summer flights in Spain

Wall Street's main indexes took a pause on Thursday following strong gains in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year.

Wall Street subdued after strong session; focus on earnings

Israel airstrikes killed at least 77 people in Gaza overnight on Thursday, residents and authorities in the enclave said, hours after a ceasefire and hostage release deal was announced to bring an end to 15 months of war between Israel and Hamas.

Death toll in Israeli strikes on Gaza rises to 77 since ceasefire deal, residents say

UnitedHealth Group Inc shares fell after elevated medical costs persisted in the fourth quarter (4Q) and revenue missed estimates.

The stock fell as much as 3% at the New York market open on Thursday, and other insurers including Elevance Health Inc and Humana Inc also declined.

UnitedHealth patient care costs, revenue disappoint street

<p>Universiti Utara Malaysia lecturer Dr Kamarul Zaman Yusoff told the High Court on Thursday that he is aware that the book, <em>Becoming Hannah: A Personal Journey</em>&nbsp;by Youth and Sports Minister Hannah Yeoh, has been vetted by the National Library of Malaysia and is not categorised as a religious book.</p>

<p>Kamarul Zaman said this when questioned by lawyer Sangeet Kaur Deo, representing Hannah, at the trial of a defamation suit filed by the minister over two Facebook posts he made in May 2017.</p>


'Becoming Hannah' vetted by National Library, not a religious book — court heard

<p>Malaysia’s property market has entered an upcycle, driven by rising business and consumer confidence, according to the Real Estate and Housing Developers' Association (Rehda) Institute chairman Datuk Jeffrey Ng Tiong Lip.</p>


Property market now on upcycle, says Rehda Institute chairman

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


<p><span style="tab-stops:179.25pt">Property developer Tanco Holdings Bhd, whose share price surged to a 27-year high of RM2.13 on Thursday, has proposed a bonus issue of up to 3.85 billion new shares — on the basis of seven bonus shares for every five Tanco shares held — to reward shareholders.</span></p>


Tanco plans 7-for-5 bonus issue as share price hits 27-year high

<p>Although the ceasefire deal to end the war in Gaza is viewed as positive for Nestlé (Malaysia) Bhd (KL:NESTLE) and Berjaya Food Bhd (KL:BJFOOD), analysts caution that earnings recovery may take time due to shifting consumer sentiment, competition from local brands, and rising costs.</p>


Gaza ceasefire positive for Nestlé and Berjaya Food but earnings recovery hindered by competition, costs, say analysts

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EVENING 5: Five things you need to know today

<p>Indonesia&nbsp;is temporarily freezing the distribution of subsidies for mandatory palm oil biodiesel and replanting programmes, due to a reorganisation at its palm oil fund agency, an official said on Thursday.</p>


Indonesia pauses subsidies for palm oil biodiesel and replanting

<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday visited the Battersea Power Station, which is Malaysia's largest investment involving public funds in Europe.</p>

<p>Anwar, who is here on a five-day working visit to the UK, was received upon arrival by Tan Sri Shahril Ridza Ridzuan, chairman of Battersea Project Holding Company Ltd, and Permodalan Nasional Bhd (PNB) president and group chief executive Datuk Abdul Rahman Ahmad.</p>


<p>Infrastructure and engineering company Jati Tinggi Group Bhd has won the tender for a RM25.5 million contract from Tenaga Nasional Bhd (TNB) to lay underground double-circuit cables for a data centre in Selangor.</p>

<p>Jati Tinggi secured the project via its wholly owned Jati Tinggi Holding Sdn Bhd.</p>


Jati Tinggi bags RM25.5 mil job from TNB to lay cables for data centre

<p>Integrated chemical group Ancom Nylex Bhd (KL:ANCOMNY) reported a 31% decline in net profit for the second financial quarter ended Nov 30, 2024 (2QFY2025) to RM15.16 million, from RM22.12 million a year earlier, on elevated freight cost and sharp foreign exchange (forex) fluctuations that affected its gross profit margin.</p>


Ancom Nylex's 2Q net profit down 31% on elevated freight cost, sharp forex fluctuations

<p>The Federation of Malaysian Manufacturers (FMM) on Thursday urged the government to refine its new intern hiring policy, and also called for the lifting of the freeze on foreign workers.</p>

<p>In a statement, FMM acknowledged that the decision to mandate companies to hire up to three interns for every expatriate employed was aimed at addressing graduate and youth underemployment, but said the implementation of the policy poses practical challenges for the manufacturing sector.</p>


FMM says implementing new intern hiring policy poses practical challenges

<p>China Vanke CEO Zhu Jiusheng was detained by public security authorities on Wednesday and a Shenzhen government task force has stepped in to oversee the property developer's operation, state media <i>The Economic Observer</i> reported on Thursday.</p>


<p><span style="tab-stops:179.25pt">The Securities Commission Malaysia (SC) has expressed its support for Prime Minister Datuk Seri Anwar Ibrahim’s commitment to exploring a digital finance policy embracing cryptocurrency and blockchain technology.</span></p>


SC backs PM’s push for digital finance policy on cryptocurrency, blockchain

<p>Malaysia’s RM4 trillion equity and debt capital market is well-positioned to support the country’s growth, enabling businesses and investors to leverage and benefit from emerging opportunities, Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar said on Thursday.</p>


<p>The government is open to considering applications for foreign workers, specifically for the&nbsp;oil palm plantation sector, Home Minister Datuk Seri Saifuddin Nasution Ismail said.&nbsp;</p>


Govt to consider opening foreign worker applications for oil palm sector — home minister

<p>Singapore-based steel firm Green Esteel Pte Ltd has emerged as Southern Steel Bhd's (KL:SSTEEL) new controlling shareholder with a 50.1% stake in the company.</p>


<p>The Thai government has expressed interest in collaborating with Malaysia on digital governance to enhance the quality of life for its citizens.</p>

<p>Deputy Prime Minister and Minister of Digital Economy and Society of Thailand, Prasert Jantararuangtong, said Thailand is keen to work with Asean member states to further elevate the standard of living in the region.</p>


Thailand seeks digital collaboration with Malaysia

<p>A witness in the sexual harassment trial involving preacher Ebit Irawan Ibrahim Lew, or Ebit Lew, told the Magistrate's Court here that the WhatsApp messages exchanged between the complainant and the preacher had been deleted and could not be retrieved.</p>


<p><span style="tab-stops:179.25pt">Wall Street's main indexes took a pause on Thursday following strong gains in the previous session, helped by a batch of bumper earnings from major banks, while investors assessed data to gauge the outlook for interest rate cuts this year.</span></p>


<p><span style="tab-stops:179.25pt">Nintendo Co said it will reveal the next-generation Switch 2 on April 2, setting in motion the retirement of the nearly eight-year-old flagship model. </span></p>
