<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 1): Kim Teck Cheong Consolidated Bhd (KTC) has been appointed by Procter &amp; Gamble (M) Sdn Bhd as its distributor in Sarawak, effective Oct 1.</p></div>

<div class=newsTextDataWrapInner><p>The consumer packaged goods distributor in East Malaysia said its wholly-owned subsidiary, Kim Teck Cheong (Borneo) Sdn Bhd (formerly known as AMDA Marketing (Sabah) Sdn Bhd), has received the appointment letter from Procter &amp; Gamble.</p></div>

<div class=newsTextDataWrapInner><p>Further details will be announced upon the signing of the distribution agreement at a later stage, it said in a filing today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KTC shares closed unchanged at 34.5 sen today for a market capitalisation of RM510.28 million.</p></div>

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KUALA LUMPUR (Aug 1): Kim Teck Cheong Consolidated Bhd (KTC) has been appointed by Procter & Gamble (M) Sdn Bhd as its distributor in Sarawak, effective Oct 1.

The consumer packaged goods distributor in East Malaysia said its wholly-owned subsidiary, Kim Teck Cheong (Borneo) Sdn Bhd...

Procter & Gamble appoints Kim Teck Cheong as distributor in Sarawak

US stocks dropped sharply on Monday, led by technology shares, as surging interest in Chinese startup DeepSeek's low-cost artificial intelligence model raised doubts over the sector's lofty valuations.

Tumbling global equities prompted a widespread flight to safety, with US government bonds rising and safe-haven currencies — the yen and Swiss franc — surging.

Tech tailspin on China's AI drive hammers Wall Street

Policymakers around the globe should not react in haste to announcements by US President Donald Trump's administration, and be prepared to argue their case, World Bank president Ajay Banga told Reuters.

Trump's first week in office has seen a flurry of executive orders and policy plans, ranging from tariffs on Canada, Mexico and China to a review on all existing foreign assistance.

World Bank president cautions against hasty reaction to Trump policies

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng.

He said that as demand for CPO increases, buyers would compete for the limited supply, leading to higher prices.

CPO futures end mostly higher on weak output expectations

The proxies to artificial intelligence (AI) on Bursa Malaysia are not spared from the global selldown triggered by Chinese AI startup DeepSeek that has prompted investors to rethink the exuberant valuations in the equity markets.

No lucky escape for Bursa AI proxies from DeepSeek-triggered selldown

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

SCIB denies developer's allegations over debt repayment, demands debt settlement

Co-founder of Cocoaland Holdings Bhd Lau Pak Lam has raised his stake in loss-making digital payment solutions provider PUC Bhd (KL:PUC) to 5.041% from 4.26%.

Lau acquired 8.1 million shares in the ACE Market-listed company on the open market last Thursday (Jan 23), bringing his total shareholding to 140.1 million shares, according to PUC’s filing with Bursa Malaysia.

Cocoaland co-founder Lau Pak Lam raises stake in PUC to 5.04%

A financial consultancy firm suspected of orchestrating a personal loan fraud syndicate manipulated the turnaround time during the loan approval process by banks.

Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki explained that banks typically take three to five days to approve personal loans.

Ops Sky: Personal loans approved by manipulating turnaround time — Azam Baki

Malaysia has become the first country to enable telecommunications companies (telcos) to collaborate in implementing the 6-Way Multi Operator Core Network (6-Way MOCN), says Communications Minister Fahmi Fadzil.

He said the implementation of the 6-Way MOCN aimed to improve connectivity, particularly in areas with limited internet coverage.

Malaysia first to implement 6-Way Multi Operator Core Network

Property developer Symphony Life Bhd (KL:SYMLIFE) has emerged as the largest shareholder of Vizione Holdings Bhd (KL:VIZIONE) with a 25.88% stake, after subscribing to the entire private placement by Vizione.

Symphony Life emerges as Vizione’s largest shareholder in RM12m deal

Salutica Bhd (KL:SALUTE) plans to raise up to RM11.94 million via a private placement exercise to third-party investors to fund its capital expenditure for new jobs and working capital requirements.

Salutica plans RM11.9m private placement to fund capex, working capital

<p>Chinese artificial intelligence (AI) startup DeepSeek’s latest AI model sparked a US$1 trillion (RM4.38 trillion) rout in US and European technology stocks, as investors questioned bloated valuations of&nbsp;some of America’s biggest companies.</p>


China's DeepSeek buzz puts US, European tech shares on track for US$1 tril drop

<p>KUALA LUMPUR (Jan 27): Bursa Malaysia Bhd (KL:BURSA) announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective March 1, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019.</p>


Bursa names RHB wholesale banking MD Fad’l Mohamed as new CEO as Umar Swift retires

<p>SOME of the big construction names have trained their sights on the balance of the works — estimated to be worth about RM9 billion — left to be done in the Penang light rail transit (LRT) project.</p>

<p>Among those that have attended briefings by MRT Corp are MMC Engineering Sdn Bhd, Malaysia...

Big guns eye another RM9 bil in Penang LRT works

<p>Last Thursday, YTL Power International Bhd (KL:YTLPOWR) announced a proposal for a bonus issue of warrants on the basis of one warrant for every five existing shares held. The exercise price of the warrants, which have a three-year tenure, has been fixed at RM2.45 — a 44% discount to its five-day volume-weighted average price.</p>


Frankly Speaking: Multi-billion cash call at YTL group

<p>Bursa Malaysia Bhd's (KL:BURSA) net profit for the fourth quarter ended Dec 31, 2024 (4QFY2024) rose 15.7% on improved performance in its securities and derivatives markets.</p>


Bursa Malaysia's profit jumps 16% in 4Q, declares 26 sen dividend

<p>ES Sunlogy Bhd, a provider of mechanical and electrical (M&amp;E) engineering services as well as renewable energy, has launched its prospectus for an initial public offering (IPO) on the ACE Market, as it seeks to raise up to RM63 million to partly fund its expansion plans.</p>


Engineering firm ES Sunlogy launches ACE Market IPO prospectus, aims to raise RM63m

<p>KUALA LUMPUR (Jan 27): Sabah-based steel products manufacturer Colform Group Bhd's initial public offering (IPO) has seen strong investor interest, attracting RM462.46 million worth of retail subscriptions, more than 10 times the RM41.19 million it was looking to raise from the issuance of new shares via its IPO. &nbsp;</p>


Colform's ACE Market IPO attracts over RM462 mil retail interest

<p>The deadline for AirAsia X Bhd’s (KL:AAX) proposed RM6.8 billion acquisition of Capital A Bhd’s (KL:CAPITALA) short-haul aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — has been extended by two months.</p>


Deadline for AAX takeover of Capital A’s aviation biz extended by two months to March 24

<p>UEM Group Bhd acquired 1.5 million shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) at RM10.96 per share on Friday, Jan 24.</p>

<p>In a note on Monday, AmInvestment Bank Bhd, on behalf of Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd (joint offerors), said the transaction is part of the ongoing takeover process initiated by the joint offerors to acquire all remaining ordinary shares in MAHB that they have not already held.</p>


UEM acquires 1.5 mil MAHB shares at RM10.96 per share

<p>KUALA LUMPUR (Jan 27): YNH Property Bhd (KL:YNHPROP) announced on Monday that the independent review of its joint venture (JV) and turnkey contracts, conducted by Messrs UHY, is expected to be completed and issued by Feb 15, 2025.</p>


YNH Property expects independent review of JV and turnkey contracts to be completed by Feb 15

<p>Stock exchange operator Bursa Malaysia Bhd (KL:BURSA) expects a total of 60 new listings this year, exceeding 55 initial public offering (IPOs) recorded in 2024.&nbsp;</p>


Bursa eyes 60 IPOs for FY2025 including MMC Port, but marginally lower PBT growth amid global uncertainty

<p>THE Ace Market-bound café operator Oriental Kopi Holdings Bhd (KL:KOPI) has garnered significant attention within the investing community due to its robust financial performance in the first four years of operation.</p>

<p>Since the opening of its outlet in Johor in 2020, the food and beverage...

IPO Watch: Oriental Kopi’s listing — the talk of the town 

<p>China pledged to accept the return of undocumented Chinese citizens in the US, after President Donald Trump threatened to hit Colombia with tariffs of up to 50% for refusing to take back deported migrants.</p>


China promises to take back illegal migrants after Trump threats

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) plunged to their lowest level in three months on Monday, as investors weighed on the implications of Chinese startup DeepSeek’s launch of a free open-source artificial intelligence (AI) model.</p>


NationGate hits three-month low as investors weigh China’s AI push

<p>Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of America’s lead in AI.</p>


China’s DeepSeek tops iPhone downloads and spurs Asia stocks

<p>Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.</p>


Genting Plantations to get earnings boost from RM334m Melaka land sale — Kenanga 

<p>Bank Negara Malaysia (BNM) has announced the appointment of Madelena Mohamed as an assistant governor, effective Feb 1, 2025, to oversee its newly formed strategy and sustainability sector.</p>


BNM promotes Madelena Mohamed to assistant governor

<p>A summary of how key Bursa Malaysia indices and the ringgit&nbsp;performed on Monday.</p>


FBM KLCI down 0.94% to 1,558.97 on Jan 27, 2025

<p>MMAG Holdings Bhd (KL:MMAG) announced on Monday that it is acquiring a second Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd (JPA) for US$6.55 million (RM29.12 million) in cash.</p>


MMAG buys another aircraft from Japan-based JPA for RM29.12m 

<p>ES Sunlogy Bhd, set to list on the ACE Market of Bursa Malaysia on Feb 20, is participating in the large-scale solar 5+ programme (LSS5+) to expand its renewable energy (RE) portfolio.</p>
