This article first appeared in The Edge Financial Daily, on March 23, 2017.

 

KUALA LUMPUR: Malaysia’s tabling of a supplementary supply bill seeking an additional RM3.08 billion for 2016 yesterday is a sign that the government is expecting additional re...

Signs of more govt revenues in 2017

This article first appeared in The Edge Financial Daily, on November 8, 2016.

 

KUALA LUMPUR: VADS Bhd, the wholly-owned information and communications technology solutions unit of Telekom Malaysia Bhd (TM), said it targets to complete its Klang Valley Core D...

VADS to complete KVDC by 1H18

US President Donald Trump's administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials.

US may exclude sector-specific tariffs on April 2, reports say, but situation fluid

US business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.

US business activity rises in March, but sentiment deteriorates further

Capital A Bhd (KL:CAPITALA) on Monday said the cut-off date to dispose of its short-haul aviation business worth RM6.8 billion to its sister company AirAsia X Bhd (KL:AAX) has been extended for the second time, to May 30.

Cut-off date for AAX's takeover of Capital A’s aviation assets extended again, to May 30

The Indonesian government confirmed a US$20 billion (RM88.67 billion) commitment from rich nations to help it shut polluting coal plants and transition to cleaner energy sources remains in place, despite the US exit from the agreement.

Indonesia confirms US$20 bil climate deal despite US exit

The government is drafting a robust national strategy to face any eventualities, including the establishment of the National Geoeconomic Command Centre (NGCC), said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: Govt drafting national strategy, including establishment of geoeconomic command centre to strengthen economy 

Kawan Renergy Bhd (KL:KENERGY) reported a 17.3% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025), rising to RM4.93 million from RM4.2 million last year, mainly driven by higher gross margins in its industrial process plants.

Kawan Renergy kicks off FY2025 with 17% net profit growth on improved margins

London homes are the most affordable they’ve been for a decade but remain out of reach for many people, highlighting the challenge facing the Labour government to fix Britain’s housing crisis.

London house prices become cheaper but are still unaffordable

The US Treasury department is preparing recommendations for streamlining some banking regulators, Semafor reported on Monday, as it seeks a stronger role in the oversight of the country's biggest lenders.

US Treasury department preparing to streamline banking regulators — report

Chinese Premier Li Qiang has signed an order to implement new rules for strengthening China's countermeasures to foreign sanctions, the Chinese government said on Monday.

China rolls out new rules to step up countermeasures to foreign sanctions

Construction outfit Nestcon Bhd (KL:NESTCON), through its wholly owned subsidiary Nestcon Infra Sdn Bhd, has secured a RM100 million contract from Alam Casana Sdn Bhd for earthworks covering an area of 242 acres in Mukim Kerling, Hulu Selangor, Selangor.

Nestcon wins RM100 mil earthworks job in Beringin High-Tech Auto Valley

Ge-Shen Corp Bhd (KL:GESHEN) and Tex Cycle Technology (M) Bhd (KL:TEXCYCL) were among top losers in Monday’s morning session.

Counters related to businessman Keh Chuan Seng under selling pressure

Bank Negara Malaysia (BNM) is set to pay a record RM5.25 billion dividend to the government this year, following a surge in net profit to RM13.16 billion for the financial year ended Dec&nbsp;31, 2024 — the highest on record since 1997.

BNM to pay record RM5.25b dividend to govt as profits hit 27-year high in 2024

Shares in Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings Ltd&nbsp;rallied after one of his sons was invited to a high-profile summit in Beijing over the weekend amid the company’s controversial sale of its ports in Panama.&nbsp;

CK Hutchison stock jumps as Li Ka-shing’s son gets China invite

Shares of Zensho Holdings Co, which operates Japanese restaurant chain Sukiya, fell as much as 7.1% on Monday, the most since Feb&nbsp;13, after the firm said a customer had found a dead rodent in its miso soup.

Rodent found in miso soup prompts plunge in Sukiya owner’s stock in Japan

Malaysia is planning to tighten regulations on semiconductors under pressure from the US, the Financial Times reported citing Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia to tighten semiconductor trade regulations under US pressure, Zafrul says in FT interview

IJM Corp Bhd (KL:IJM) remains positive about its business outlook and the potential to secure tendered projects, according to its chief financial officer (CFO) Datuk Edward Chong Sin Kiat, despite recent online allegations casting a pall over the company.

IJM remains confident in project prospects despite online allegations, says CFO

Shares of MMAG Holdings Bhd (KL:MMAG) tumbled as much as 17.5 sen or 22.44% to 60.5 sen in evening trade on Monday, triggering Bursa Malaysia Securities' suspension of intraday short selling for the remainder of the day.

MMAG's share price plunges more than 15%, intraday short selling suspended

PENANG Turf Club (PTC) — the largest piece of prime real estate on the island — is to be broken into several parcels and sold separately to make it more feasible, as well as to attract a bigger pool of potential purchasers, sources tell The Edge.

A previous bid to sell PTC via a call fo...

Penang Turf Club to be sold in parcels — sources

Jack Ma-backed Ant Group Co&nbsp;used Chinese-made semiconductors to develop techniques for training artificial intelligence (AI)&nbsp;models that would cut costs by 20%, according to people familiar with the matter.

Jack Ma-backed Ant touts AI breakthrough on Chinese chips, Bloomberg reports

Analysts are positive&nbsp;that Resorts World Las Vegas (RWLV), a subsidiary of Genting Bhd (KL:GENTING), will retain its non-restricted gaming licence after paying a hefty fine&nbsp;to the Nevada Gaming Control Board (NGCB).

Analysts positive on Resorts World Las Vegas retaining licence despite hefty Nevada fine

Malaysia may face heightened and recurring supply shocks going forward, the central bank warned, but argued that any monetary policy response is only needed if the risks worsen or intensify.

Malaysia may face heightened and recurring supply shocks, BNM flags

Malaysian retail group Macrovalue is set to acquire all Cold Storage and Giant supermarkets in Singapore in a deal valued at S$125 million (RM414 million).

Malaysia's Macrovalue to acquire Cold Storage and Giant supermarkets in Singapore for RM414 mil

The Court of Appeal on Monday has recorded a consent judgment between the federal government and AwanBiru Technology Bhd’s unit Prestariang Skin Sdn Bhd, where the government has agreed to pay Prestariang a sum of RM201.477 million within three months and withdraw its appeal for a stay of the Kuala Lumpur High Court’s decision last year that ordered it to pay RM231.55 million.

Government settles with Awantec subsidiary Prestariang Skin, agrees to pay RM201m over termination of immigration control system project

Artificial intelligence (AI) advances are fuelling a funding frenzy for data centres in Asia, spawning a series of record-breaking loans and filling the pipeline with even more potential deals.&nbsp;

AI boom turns Asian data centres into magnets for loan deals

DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking.

DBS' new CEO Tan open to 'bolt-on' acquisitions

VS Industry Bhd’s (KL:VS) earnings are likely to decline this year amid subdued consumer electronics demand, which is expected to persist, and delays in earnings contributions from its Philippines venture, analysts flagged.

VS Industry faces earnings decline amid weak demand and delays in contributions from Philippine venture — analysts

KUALA LUMPUR (March 24): Moody’s Ratings has assigned an A2 rating to Petronas Capital Ltd’s proposed US dollar-denominated senior unsecured notes under its medium-term note (MTN) programme, which is guaranteed by national oil company Petroliam Nasional Bhd (Petronas).

Moody’s assigns A2 rating to Petronas Capital’s US dollar notes, citing strong credit profile

Former director general of Public Service (KPPA) Tan Sri Mohd Khairul Adib Abd Rahman has emerged as a substantial shareholder in NexG Bhd (KL:NEXG) — formerly Datasonic Group Bhd — with a 6.11% indirect stake.

Former Public Service DG emerges as substantial shareholder in NexG, chairman Hanifah now largest shareholder

Borneo Oil Bhd (KL:BORNOIL) said its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd (BOS) has secured a licence from Petroliam Nasional Bhd (Petronas) as a Sabahan vendor.

Borneo Oil chosen as Petronas’ Sabah vendor, teams up with Chinese firm to bid for drilling projects

The Federal Court has allowed Attorney General Datuk Mohd Dusuki Mokhtar to go ahead with his&nbsp;application to ask the seven questions of law posed by the Attorney General's Chambers (AGC) in its quest to overturn Datuk Seri Najib Razak’s successful attempt to have the justifications of his addendum challenge to be heard.

Ahmad Naqib Idris & Anette Appaduray