<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 19): RHB Retail Research said Petron Malaysia Refining &amp; Marketing Bhd is attempting to cross above the resistance level.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said as trading volume has risen of late, the stock is poised to challenge the immediate resistance level marked at RM5.35.</p></div>

<div class=newsTextDataWrapInner><p>“If it breaches the resistance, it may move higher to test the next resistance level of RM5.80, followed by RM6.25.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“This positive expectation should remain valid, provided the RM4.90 support is not breached,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Petron Malaysia Refining & Marketing Bhd is attempting to cross above the resistance level.

Petron Malaysia attempting to cross above resistance level, says RHB Retail Research

The Edge Malaysia ESG Awards 2024 was significant, thanks to the wider range of public listed companies (PLCs) in the fray and new award categories.

Editor’s note

As the pressure for businesses to adopt ESG continues, the private sector and investors play a crucial role in the transition towards a low carbon economy, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said at The Edge Malaysia ESG Awards 2024.

Driving decarbonisation through innovation and resilience

The biggest winner in the PLC category was Vitrox Corporation Bhd (KL:VITROX), which took home two gold awards for being the best performer in the technology sector and for the most improved ESG performance over a three-year period for companies with a market capitalisation of over RM5 billion.

Emerging star award introduced to recognise best new performers

George Kent (M) Bhd’s (KL:GKENT) dedication to sustainability has been rewarded with a gold win in the construction category of The Edge Malaysia ESG Awards 2024.

George Kent bags gold in construction sector

MGB Bhd (KL: MGB) has won the silver award in the construction category for the second year in a row at The Edge Malaysia ESG Awards 2024.

MGB Bhd wins silver award two years in a row

The Edge Malaysia ESG Awards 2024 sees first-time winner Karex Bhd (KL:KAREX) taking home gold for being the best performer in the consumer products and services sector. Its CEO Goh Miah Kiat attributes the win to the company shifting away from its reliance on migrant workers, having frozen the hiring of new migrant workers since 2019.

Karex Bhd focuses on hiring and retaining local talent

Nestlé (M) Bhd (KL:NESTLE), which emerged as a silver award winner in the consumer products and services sector at The Edge Malaysia ESG Awards 2024, has been championing initiatives such as its Project Save that manage post-consumer waste, emphasise plastic neutrality and drive the transition towards a circular economy.

Nestlé Malaysia champions the circular economy

For the second year running, Deleum Bhd (KL:DELEUM) has emerged as the gold winner in the energy sector at The Edge Mal...

Deleum prioritises ESG principles to drive operational efficiency

Wasco Bhd (KL:WASCO) has won two silver awards in The Edge Malaysia ESG Awards 2024, for best  performer in the energy sector and most improved ESG performance over three years for companies with a market cap between RM800 million and RM5 billion.

Wasco aims for responsible and sustainable practices

CIMB Group (KL:CIMB) took home the gold award in the financial services category at The Edge Malaysia ESG Awards 2024. The company attributed the win to its focus on finding ways to systematically create synergy across its value chain.

CIMB sees sustainable finance from an ecosystem perspective

<p>KUALA KANGSAR (Oct 27): Malaysia’s application to become a BRICS partner has received strong and solid support from all BRICS members, including Russia, China and India, during a meeting of the eight founding members of the bloc.</p>


PM: Malaysia’s application to join BRICS gets solid support from bloc members including India, China

<p>TEMERLOH (Oct 27): Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi said the appointment of Datuk Seri Dr Wee Ka Siong as the investment advisor for the Chinese community in Malaysia does not affect Wee's image or position as MCA president.</p>


Ahmad Zahid: Wee’s position as MCA president won’t be affected by appointment as investment advisor

<p>IPOH (Oct 27): The government has yet to finalise the income classification for the T15 group (the top 15% income bracket) concerning the rationalisation of petrol subsidies, as the matter is still under review, Prime Minister Datuk Seri Anwar Ibrahim said.&nbsp;</p>


PM: Final decision on T15 income classification for petrol subsidies still pending

<p>JOHOR BAHRU (Oct 27): Prime Minister Datuk Seri Anwar Ibrahim is expected to launch the National Artificial Intelligence Office (NAIO) in Kuala Lumpur on Dec 12 this year.</p>


Gobind: PM expected to launch National AI Office on Dec 12 this year

<p>NEW DELHI (Oct 27): Indian food delivery giant Swiggy&nbsp;has slashed its initial public offering (IPO) valuation again, to US$11.3 billion (RM49.04 billion), 25% below the initial goal of US$15 billion, as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday.</p>


Swiggy cuts IPO valuation again, to US$11.3b, BlackRock and CPPIB to invest — Reuters

<p>(Oct 27):&nbsp;Saudi Aramco’s venture arm has earmarked US$100 million (RM434.02 million) to invest in artificial intelligence (AI) start-ups, as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI.</p>


Aramco’s venture arm allocates US$100m for AI investments

<p>George Kent (M) Bhd’s (KL:GKENT) dedication to sustainability has been rewarded with a gold win in the construction category of The Edge Malaysia ESG Awards 2024.</p>


<p>IPOH (Oct 27): Datuk Seri Anwar Ibrahim has underscored the urgency for Parti Keadilan Rakyat (PKR) to hold party elections without further delays.</p>


Anwar: Swift PKR elections needed to bridge generational gap

<p>(Oct 27):&nbsp;China said it filed a diplomatic complaint with the US and reserved the right to retaliate after the latest American weapons sales to Taiwan, escalating tensions in their dispute over the archipelago.</p>


China warns US it will respond to latest Taiwan weapons sales

<p>SEOUL (Oct 27): South Korea is experiencing minimal economic impact following Israel's retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volatility increases, President Yoon Suk Yeol's office said on Sunday.</p>


South Korea says it may consider additional oil tax cut

<p>ALOR SETAR (Oct 27): The Greater Kedah blueprint, a roadmap to be achieved by 2050, is aimed at bringing prosperity to Kedahans, promote economic growth and ensure environmental sustainability in the state, Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said.</p>


MB: Greater Kedah roadmap to be acheved by 2050

<p>CAIRO (Oct 27): Israeli military strikes killed at least 45 Palestinians across the Gaza Strip on Sunday, most of them in the north of the enclave, Palestinian health officials said, as efforts to secure a ceasefire in the more than year-long war resumed in Qatar.</p>


Israeli strikes kill dozens in north Gaza, medics say, as ceasefire talks resume

<p>KYIV (Oct 27): Ukraine's air defences downed 41 of 80 Russian drones launched overnight, the Ukrainian military said on Sunday.</p>


Ukraine's air defence downed 41 of 80 Russian drones, military says

<p>As the pressure for businesses to adopt ESG continues, the private sector and investors play a crucial role in the transition towards a low carbon economy, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said at <em>The Edge Malaysia</em> ESG Awards 2024.</p>


<p>Maybank Asset Management Sdn Bhd’s (Maybank AM) Maybank Global Sustainable Technology Fund has won silver in the new best ESG performance and returns category at The Edge Malaysia ESG Awards 2024.</p>


Maybank AM maintains ESG commitment amid AI exuberance

<p>MGB Bhd (KL: MGB) has won the silver award in the construction category for the second year in a row at The Edge Malaysia ESG Awards 2024.</p>


<p><em style="font-weight: bold;">The Edge Malaysia</em> ESG Awards 2024 was significant, thanks to the wider range of public listed companies (PLCs) in the fray and new award categories.</p>


<p>(Oct 27):&nbsp;India is shaping up to be a destination for investors seeking a relative shelter from financial volatility linked to the US election.</p>


Global funds look to India as financial market jitters pick up

<p>Healthcare organisations are seeing a gradual increase in ransomware attacks. This year, 67% of organisations were attacked compared with the reported 60% in 2023, says cybersecurity company Sophos in its fifth annual The State of Ransomware in Healthcare 2024 study on the impact and journey organisations face in a ransomware attack, from the root cause and financial impact to recovery time.</p>


The state of ransomware in healthcare 2024

<p>The biggest winner in the PLC category was Vitrox Corporation Bhd (KL:VITROX), which took home two gold awards for being the best performer in the technology sector and for the most improved ESG performance over a three-year period for companies with a market capitalisation of over RM5 billion.</p>
