<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 23): SAM Engineering &amp; Equipment (M) Bhd rose as much 5.16% or 26 sen today following its announcement yesterday that it plans to pay total dividends of 32.2 sen per share.</p></div>

<div class=newsTextDataWrapInner><p>As at 10.35am, SAM rose 23 sen to RM5.27, making it the largest gainer in today’s morning trade session.</p></div>

<div class=newsTextDataWrapInner><p>Yesterday, SAM (fundamental: 2.5; valuation: 2.6) said the single-tier dividends will comprise an interim dividend of 11.94 sen and a special portion of 20.26 sen, after reporting higher profit for its financial year 2015 (FY15).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group’s cumulative net profit for FY15 was higher at RM34.63 million compared with RM28.32 million in FY14.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>


KUALA LUMPUR (June 23): SAM Engineering & Equipment (M) Bhd rose as much 5.16% or 26 sen today following its announcement yesterday that it plans to pay total dividends of 32.2 sen per share.

As at 10.35am, SAM rose 23 sen to RM5.27, making it the largest gainer in today’s morning t...

SAM rises 5.16% after proposing interim, special dividend

Prime Minister Datuk Seri Anwar Ibrahim challenged the Opposition to file a motion for a vote of no-confidence against him at the Dewan Rakyat session this October.

Anwar challenges Opposition to file no-confidence vote in Parliament

The European Central Bank (ECB) must think hard about how it deals with risks and uncertainty in an era of more-volatile inflation and less clarity about monetary-policy transmission, President Christine Lagarde said.

ECB must prepare for more-volatile inflation era, says Lagarde 

The overdue salaries of employees at a Ninja Van Vietnamese unit ECRM Nobita have been processed and will be paid, according to Ninja Van.

On Friday, the Straits Times reported that ECRM Nobita’s operations had been halted, as it seeks to settle matters over delayed salary and social insurance payments to employees.

Ninja Van: Overdue salaries at halted Vietnam unit will be paid

Digital investment totalling RM185.3 billion had been approved from 2021 to June 2024, including projects from leading companies such as Nvidia Corp and Amazon Web Services, Prime Minister Datuk Seri Anwar Ibrahim said.

RM185.3b in digital investments greenlit from 2021 to June 2024 — Anwar 

The Negeri Sembilan government hopes that the religious authorities at federal level will make a clear ruling on all matters related to Global Ikhwan Service and Business Holdings (GISBH) Sdn Bhd.

Negeri Sembilan wants clear ruling on GISBH — Aminuddin

The Ministry of National Unity supports the resolution made at the National History and Unity Convention 2024 in finding the best methods to deal with unity-related issues and challenges in the country.

Unity ministry backs resolution of National History and Unity Convention

Construction outfit and property development and hospitality management group NCT Alliance Bhd (KL:NCT) plans to acquire a 51% equity interest in Setara Juara Sdn Bhd, which holds the development rights to about 101.037ha or 249.67 acres of land in Putatan, Sabah.

NCT Alliance plans to take up 51% interest in 101ha Sabah plot

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

TNB, Top Glove, Sunzen Biotech, NCT Alliance

Johnson & Johnson (J&J) has boosted to more than US$8.2 billion (RM34.63 billion) its offer to settle thousands of lawsuits by people who say its baby powder gave them cancer, according to people familiar with the matter.

J&J lifts baby powder settlement bid to more than US$8.2 bil

Wall Street's main indexes slipped on Friday as investors held back after a rally in the previous session that was sparked by an oversized interest rate cut by the Federal Reserve.

Wall Street slips as investors pause after rate cut-fuelled rally

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>The upcoming increase in US tariffs on China-made gloves provides an opportunity for Malaysian players to increase production, said Top Glove Corp Bhd (KL:TOPGLOV) managing director Lim Cheong Guan.</p>


US tariff hike on Chinese gloves an 'opportunity' for Malaysian glove makers, says Top Glove

<p>Malaysia Aviation Group (MAG) announced on Friday the resignation of its group chairman Tan Sri Wan Zulkiflee Wan Ariffin effective immediately.</p>


Wan Zulkiflee retires as Malaysia Airlines chairman, confirms The Edge report

<p>Malaysia's largest fintech company TNG Digital is looking at a potential domestic initial public offering over the next two to three years that could raise over US$300 million (RM1.26 billion), two sources with knowledge of the matter said.</p>


TNG Digital eyes Malaysian IPO in next two to three years — Reuters

<p>Glovemaker Top Glove Corp Bhd (KL:TOPGLOV) said it is looking at further raising its water recycling capacity by 50% by 2025, from 2024 levels, as part of its active efforts on conservation of natural resources.</p>


Top Glove first to comply with Selangor’s new water management zero discharge policy regulation, to expand water recycling capacity

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


<p>PUCHONG (Sept 20): All projects, trips and tasks abroad involving government ministries, companies and agencies must be referred to their respective ministry secretaries general and department heads and approved by the ministers, said Datuk Seri Anwar Ibrahim.</p>

<p>The prime minister said th...

Anwar: Ministerial approval required for all overseas travel involving govt personnel

<p>The late Egyptian billionaire Mohamed Al Fayed sexually abused female staff at his London department store Harrods, forced them to have medical screenings and threatened consequences if they tried to complain, lawyers for alleged victims said on Friday.</p>


Harrods' ex-owner Al Fayed raped, assaulted staff for decades, lawyers say

<p>Sime Darby Property Bhd (KL:SIMEPROP) has topped out its transit-oriented development Serasi Residences at Putra Heights Sentral on Sept 9, according to a press statement on Sept 20.</p>


Sime Darby Property tops out transit-oriented development Serasi Residences at Putra Heights Sentral

<p>The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp’s Michael Hartnett.</p>


Buy bonds and gold as bubble risk returns — BofA strategist Hartnett

<p>Malaysia's domestic tourism sector continued its strong resurgence in the second quarter of this year, with 68.4 million visitors, up 23.8% from the same period last year, according to the Department of Statistics Malaysia (DOSM).</p>


Malaysia records 23.8% jump in domestic tourists in 2Q2024

<p>KUALA LUMPUR (Sept 20): Lim Guan Eng’s lawyers informed the Sessions Court in his Penang undersea tunnel graft trial that Lim suspected there had been intimidation attempts by the authorities on other parties, which seemed to want to implicate the former Penang chief minister.</p>


Court informed of report lodged by Guan Eng on possible intimidation

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/1Jav76p1pxk?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>The Sessions Court in Shah Alam has granted a winding-up petition to a creditor of defunct airline MyAirline Sdn Bhd for non-payment of more than RM241,000 owed.</p>


Court gives nod to travel company’s petition to wind up defunct MyAirline 

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.</p>


FBM KLCI up 0.19% to 1,668.82 on Sept 20, 2024

<p>Three prominent China-based heavy industry companies are set to expand their operations to Labuan, recognising the island’s strategic potential as a key economic hub.</p>


Three major Chinese heavy industry firms set to establish operations in Labuan

<p>&nbsp;European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry's problems has driven valuations close to record lows, which would normally be a big incentive for would-be buyers.</p>


Investors shun European car stocks despite rock bottom valuations

<p>China Minsheng Bank has cut pay by up to 50% for its Beijing branch employees, two people with direct knowledge of the matter said, in the biggest such move by a major commercial bank, in line with the country's austerity drive.</p>


China Minsheng Bank cut Beijing staff pay by up to 50% in austerity drive 

<p>PBA Holdings Bhd (KL:PBA) said the group is undertaking three major pipeline projects in Penang, scheduled for completion in 2025 or 2026 at a total cost of RM189 million.</p>


PBA Holdings to complete three water pipeline projects over next two years

<p>Sugar prices are surging as fires and drought slam fields in top grower Brazil, threatening higher costs for sweets and desserts.</p>
