PENANG-headquartered Critical Holdings Bhd (KL:CHB), which was listed on the ACE Market of Bursa Malaysia last December, appears to be in a good position to ride the nation’s data centre (DC) boom. Having strengthened its core businesses over the last decade, the mechanical, electrical and proces...

Critical Holdings sets sight on data centre boom

Sunway Construction Group Bhd

Target price: RM6 ADD

Brokers Digest: Local Equities - Sunway Construction Group Bhd, Dialog Group Bhd, Heineken Malaysia Bhd, Swift Haulage Bhd 

AS Putrajaya seeks to shore up the national coffers and reduce its fiscal deficit while balancing the needs of businesses and the public in an environment of high inflation, most tax experts are expecting the Ministry of Finance (MoF) to expand the scope of several taxes that were introduced earl...

The State of the Nation: Tax experts: Budget 2025 to see expanded tax scope, new taxes unlikely

Over at The Reserve Bank of Australia, the minutes for its September policy meeting will be released on Tuesday.

The Week Ahead: Central banks’ monetary policy decisions, inflation data in focus

THE spectacular performance of Malaysian equities thus far this year in response to major developments locally and abroad may well be a prelude to even better days to follow, should the projections of fund managers and heads of research hold true.

The FBM KLCI and FBM Top 100 Index have...

Cover Story: 4 factors investors should watch in 4Q

MALAYSIA’s exports are likely to grow at a modest pace in 2025 following a rebound in April this year, as global growth remains stable. Economists say potential wild cards that may knock everything off course include the outcome of the US presidential election in November, China’s tackling of its...

The State of the Nation: Economists: Exports to stay moderately strong in 2025

IF history serves as a precursor for investors on what to expect for equity markets should the much-anticipated cutting of interest rates by the US Federal Reserve be initiated this Wednesday (Sept 18), fund managers are predicting the following — short-term volatility and opportunities for accum...

Staying invested in coming months, amid market volatility, say fund managers

COME Monday, Sept 9, Bursa Malaysia will see the listing of 99 Speed Mart Retail Holdings Bhd (KL:99SMART) on the Main Market. The initial public offering (IPO) is the largest on the local bourse in seven years.

Priced at a finalised RM1.65 a share, the IPO exercise entails the public i...

IPO Watch: Minimarket chain 99 Speed Mart’s IPO anything but small

TO investors who have not followed the growth story of Padini Holdings Bhd (KL:PADINI), it may come as a surprise that the garment manufacturer’s current market capitalisation stands at above the RM2 billion mark, putting it in the same league as big-cap heavy industry players like WCE Holdings B...

Market contemplates Padini’s position as ‘value investment’

Ideal Capital Bhd

Ideal Capital Bhd (KL:IDEAL) has witnessed a phenomenal 251% rise in its sh...

Remarkable share price gains

The political stability currently enjoyed by the country allows the government to implement necessary changes to enhance well-being and revive the national economy, says Datuk Seri Anwar Ibrahim.

Political stability enables necessary changes, key to economic recovery — Anwar

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday held a bilateral meeting with his Timor-Leste counterpart, Xanana Gusmao.

Among the matters discussed during the meeting at the National Convention Centre (NCC) was Timor-Leste's application for full membership in the Asean bloc.

Timor-Leste's Asean membership application discussed in bilateral meeting between Anwar, Xanana

Even with markets rallying for months, the pace of traditional initial public offerings (IPOs) is behind what bankers expected. JPMorgan Chase & Co chief executive officer Jamie Dimon called the lack of deals “odd” before blaming costs and red tape.

Wall Street’s SPAC machine picks up despite ‘odd’ lack of IPOs

A push into metals trading by several giants of the energy markets has spurred a hiring spree and driven up salaries, with some senior executives saying they’ve never seen such a frenzied competition.

Metal trader hiring frenzy sends bonuses soaring

Long after the winds subside and the hard work of rebuilding begins, scientists responsible for predicting hurricanes will continue to replay Hurricane Milton over and over again. They’ll focus on how they failed to predict Milton’s sudden strengthening.

Hurricane Milton has reshaped storm science even before making landfall

Aircraft delivery delays at Boeing Co and its European rival Airbus SE are forcing some carriers to furlough crews and review expansion plans, according to the head of airline industry’s main lobby group.

Aircraft delays force airlines to furlough crew, says IATA head 

BMC Software, a KKR & Co-owned technology provider for businesses, is breaking up into two standalone companies.

KKR-owned BMC to separate into two private software companies

Two right-wing former ministers will go head-to-head to win votes from members of the Conservative Party and become its next leader after making it through to the final round of a contest set to shape the future of Britain's once dominant party.

Two right-wing former ministers left in race to be UK Conservative leader

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

Sapura Resources, HeiTech Padu, Guan Chong, Berjaya Food, Petron, Tropicana, SkyWorld, Kumpulan Kitakon, S P Setia, Ecomate, SWS Capital,  LBS Bina, Solarvest and Atlan 

The main indexes were mixed in choppy trading on Wednesday as investors awaited the minutes of the Federal Reserve's (Fed) latest meeting, while Alphabet shares dipped after the US said it was considering breaking up Google.

Wall Street mixed with Fed minutes, inflation data in focus

KUALA LUMPUR (Oct 9): Poultry stocks on Bursa Malaysia fell in active trade on Wednesday, after the government said it was considering removing subsidies for eggs.

Poultry stocks fall as govt considers ending egg subsidy

Fuel retailer Petron Malaysia Refining &amp; Marketing Bhd (KL:PETRONM) said on Wednesday that its Port Dickson refinery in Negeri Sembilan will undergo an eight-week maintenance shutdown for furnace repairs, according to a filing with Bursa Malaysia.

Petron Malaysia shuts down Port Dickson refinery for eight weeks for furnace repairs

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

Property developer Tropicana Corp Bhd (KL:TROP) has inked an agreement to dispose of 38.527 acres of freehold land in Johor to a data centre company for RM239.99 million, marking its second land sale for such development in the region this year.

Tropicana Corp sells another land in Johor to data centre operator for RM240 mil

Leader Energy Group Bhd, which operates power plants, said on Wednesday it has secured an investment of over US$100 million (RM429 million) from a China-backed private equity fund.

Leader Energy gets over US$100 mil investment from China-backed fund

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Sapura Resources Bhd (KL:SAPRES) is extending the leave of absence placed on its managing director Datuk Shahriman Shamsuddin for another month, according to sources.

Sapura Resources to extend managing director Shahriman’s leave of absence for another month — sources

Guan Chong Bhd (KL:GCB) is seeking to take up a 25% stake in Ivory Coast-based cocoa manufacturing outfit Transcao Côte d'Ivoire (Transcao CI).

Guan Chong’s unit GB Cocoa Singapore Pte Ltd has inked a Memorandum of Understanding with Transcao CI’s shareholders — Conseil Du Café (CCC) and its subsidiary Transcao Negoce, which underline exclusive negotiation rights for three months.

Guan Chong in exclusive talks to buy 25% stake in Ivory Coast cocoa outfit

Property developer LBS Bina Group Bhd (KL:LBS) has awarded renewable energy company Solarvest Holdings Bhd (KL:SLVEST) a contract to build a 43-MWp solar farm in Senawang, Negeri Sembilan, valued at RM104 million.

LBS Bina awards RM104 mil solar farm construction to Solarvest

SkyWorld Development Bhd (KL:SKYWORLD) and Perbadanan PR1MA Malaysia (PR1MA) has signed a joint development agreement (JDA) to build PR1MA homes in Brickfields, Kuala Lumpur. &nbsp;

SkyWorld partners PR1MA to build 491 units of affordable homes in Brickfields

Home furniture specialist Ecomate Holdings Bhd (KL:ECOMATE) has proposed to acquire a single-storey factory in Muar, Johor, along with machinery and components, from SWS Capital Bhd (KL:SWSCAP).

Ecomate to acquire factory, machinery in Muar to expand operations

Tesla Inc enjoyed its best-ever quarter for China shipments, as vehicles delivered from its Shanghai factory rose for a third consecutive month.

Tesla sees record quarterly China shipments on EV subsidy boost

Key ASIC Bhd (KL:KEYASIC) has entered into a five-year collaboration agreement with Japanese system solution developer NSW Inc to develop the application-specific integrated circuit design business.

Key ASIC to collaborate with Japan’s NSW to develop application-specific integrated circuit design business

The progress of the East Coast Rail Link (ECRL) project, which connects the Klang Valley to the East Coast, has reached 72.93% as of September.

Transport Minister Anthony Loke said the encouraging progress achieved was in line with the Dec 2026 completion schedule for the ECRL track from Kota Bharu to the Gombak Integrated Transport Terminal.

He said the rail line from Gombak to Port Klang, meanwhile, is expected to be completed in December 2027.

ECRL project on schedule, 72.93% completed — Loke

Property developer Kuchai Development Bhd (KL:KUCHAI) has proposed a 20 sen per share dividend for the financial year ended June 30, 2024 (FY2024).

The proposed dividend was recommended by its board of directors and is subject to shareholders’ approval at the upcoming annual general meeting.

Kuchai Development proposes 20 sen dividend for FY2024

Ratan Tata, chairman emeritus of one of India's biggest conglomerates, Tata Sons, is in critical condition in intensive care at a Mumbai hospital, two sources with direct knowledge of the matter told Reuters on Wednesday.

Ratan Tata in hospital intensive care — Reuters

Amazon, in its quest for greater efficiency, has developed new systems to shave seconds off each package delivery and to help customers make faster buying choices, even for new product types that they may know little about.

Amazon targets faster deliveries and buying with new tech

The Asia International Exchange (AIX) marked a significant milestone on Wednesday with the soft launch of its digital asset platform, positioning Labuan as a key financial technology (fintech) hub in the region.

AIX Investment Group Company Ltd chief executive officer Roslan Ahmad said the digital platform showcased AIX’s commitment to revolutionising financial markets with secure, transparent and efficient trading through advanced technologies.

Labuan’s Asia International Exchange launches revolutionary digital asset platform

Bintang Capital Partners Bhd (Bintang) became the first Southeast Asian winner at the United Nations-support Principles for Responsible Investment (PRI) Awards on Wednesday, and the first Asian investment firm to win the Private Markets special award.

Bintang Capital wins UN Principles for Responsible Investment award

Atlan Holdings Bhd's (KL:ATLAN) net profit rose 5.27% for the second quarter ended Aug 31, 2024 (2QFY2025), driven by higher revenue contributions from all business segments.

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