<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on October 2, 2015.</p></div>

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<div class=newsTextDataWrapInner><p>SHAH ALAM: Menteri Besar Selangor Incorporated (MBI) and state investment firm Darul Ehsan Investment Group Sdn Bhd are demanding a public apology and a retraction of articles from three Umno-linked companies, which they said were defamatory and had tarnished their reputation.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MBI has served letters of demand last Friday to broadcaster Sistem Televisyen Malaysia Bhd, and newspaper publishers Utusan Melayu (M) Bhd and the New Straits Times Press (M) Bhd, which publishes Malay daily Utusan Malaysia and English daily the New Straits Times&nbsp;respectively.</p></div>

<div class=newsTextDataWrapInner><p>“MBI demands a full and unequivocal public retraction of the damaging allegations and a proper public apology, to be published in terms to be approved by MBI within seven days from the date of the letters of demand issued failing which, MBI will commence legal proceedings without any notice,” MBI said in a statement yesterday.— The Malaysian Insider</p></div>


This article first appeared in The Edge Financial Daily, on October 2, 2015.

 

SHAH ALAM: Menteri Besar Selangor Incorporated (MBI) and state investment firm Darul Ehsan Investment Group Sdn Bhd are demanding a public apology and a retraction of articles from thr...

MBI demands apology, retraction of articles from Utusan, NST and TV3

E-commerce giant Amazon has developed new generative artificial intelligence (GenAI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday.

Amazon developing GenAI model for video, The Information reports

Capital A Bhd (KL:CAPITALA) recorded net profit of RM1.64 billion in the third quarter of the financial year, as opposed to a net loss last year, as the group recognises over RM2 billion in foreign exchange (forex) gains during the quarter.

Capital A registers RM1.64 bil in 3Q net profit, boosted by forex gains 

PMB Technology Bhd (KL:PMBTECH) saw its net profit more than quadruple to RM7.89 million in the third quarter, from RM1.64 million a year earlier, on higher earnings from its manufacturing and trading segment.

PMB Technology records over fourfold rise in 3Q net profit despite drop in revenue

Tenaga Nasional Bhd (KL:TENAGA) posted an 85% rise in net profit to RM1.58 billion for its third quarter ended Sept 30, 2024 (3QFY2024) thanks to hefty foreign exchange (forex) gains, against RM856.2 million in the same quarter last year, according to the utility giant’s bourse filing on Thursday.

TNB 3Q profit up 85% on RM1.12b forex gain

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

Hong Leong Bank Bhd’s (KL:HLBANK) first-quarter net profit grew 5.8% year-on-year (y-o-y), boosted by strong growth in both net interest income (NII) and non-interest income (NOII).

Hong Leong Bank earnings up 6% in 1Q, driven by higher net interest income

KUCHING (Nov 28): Sarawak Metro Sdn Bhd is inviting the Malaysian Anti-Corruption Commission (MACC) and the Sarawak Integrity and Ombudsman Unit to witness its upcoming audit by the National Audit Department Malaysia.

Sarawak Metro invites MACC, state integrity unit to witness upcoming audit

The second 5G network will not be permitted to roll out until the mobile network operators (MNOs) in Digital Nasional Bhd (DNB) repay all government funding provided to the company, said Digital Minister Gobind Singh.

No rollout of second 5G network until DNB repays govt funding, says Gobind

T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.

Billionaire tycoon Ananda Krishnan passes away — statement

Israeli tank fire hit six areas in southern Lebanon on Thursday and the Israeli military said its ceasefire with Hezbollah was breached after what it called suspects, some in vehicles, arrived at several areas in the southern zone.

Israel says ceasefire with Hezbollah violated, fires on south Lebanon

<p>T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.</p>


<p>Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.</p>


Daim’s wife gets unconditional return of her passport from Court of Appeal

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.</p>


NationGate shares slide in early trade after 3Q results miss expectations

<p>CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, said its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).</p>


CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

<p>Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.</p>


Tech counters decline in early trade on Bursa Malaysia

<p>KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.</p>


Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

<p>Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.</p>


Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

<p>Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.</p>


Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

<p>Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.</p>


<p>TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.</p>


TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

<p>Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.</p>


Farm Fresh declares dividend of one sen as 2Q earnings double

<p>The total cost of the expansion of the Penang International Airport (LTAPP) is estimated at RM1.55 billion, with almost all of it to be financed through a private financing initiative by Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).</p>


Penang airport expansion estimated at RM1.55b, almost fully funded by MAHB — exco

<p>IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.</p>


Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

<p>Genting Malaysia Bhd's (KL:GENM)&nbsp;third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.&nbsp;</p>


Genting Malaysia's 3Q profit highest in nearly six years on forex gains

<p>Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.</p>


PM defends RM16b leasing arrangement of helicopters for country's security forces

<p>KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.</p>


Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

<p>China's ByteDance is suing a former intern for US$1.1 million (RM4.9 million), alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race.</p>


ByteDance seeking US$1.1m damages from intern in AI breach case, report says

<p>The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.</p>


US preps China chip curbs that stop short of early proposals — Bloomberg

<p>Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.</p>


Axiata returns to the black in 3Q as one-off gains offset lower operating income

<p>Alliance Bank Malaysia Bhd (KL:ABMB) said its second-quarter net profit increased marginally by 2.47% year-on-year (y-o-y), mainly driven by revenue growth which was offset by higher allowances for expected credit losses and operating expenses.</p>
