NEWS of the Malaysian Anti-Corruption Commission’s (MACC) probe into an unlawful subdivision of Malay reserve land in Sitiawan, Manjung, Perak, related to a senior personnel at Lagenda Properties Bhd (KL:LAGENDA) has cast a shadow on the company and its indirect affiliate, construction outfit Epi...

Epicon faces collateral damage from MACC probe on Lagenda official 

All eyes will be on the US Federal Reserve at the Federal Open Market Committee meeting on June 13 (Thursday) on whether it will keep interest rates on hold at 5.25% to 5.5% or make the surprise move of cutting it earlier than expected.

The Week Ahead: Attention on US Fed monetary policy decision, CPI data

Syarikat Takaful Malaysia Keluarga Bhd

Target price: RM4.97 BUY

Brokers Digest: Local Equities - Syarikat Takaful Malaysia Keluarga Bhd, Hartalega Holdings Bhd, Deleum Bhd, Dialog Group Bhd

DUTCH Lady Milk Industries Bhd (Dutch Lady Malaysia) (KL:DLADY), known for its attractive dividend payout, has garnered market interest with the completion of its new plant at Bandar Enstek in Negeri Sembilan. Year to date, the counter has risen 40% and closed at RM32.42 last Friday on expectatio...

Completion of Dutch Lady’s new facility sparks anticipation of higher dividend

FRESH from a demerger from CIMB Group Holdings Bhd (KL:CIMB) late last year, CGS International Securities Malaysia Sdn Bhd will now focus on its fledgling asset management and corporate finance arms amid an exercise to rebrand itself as CGS International and establish itself as a standalone name ...

CGS International’s new focus on asset management and corporate finance to boost revenue

COME May 11, the Employees Provident Fund’s (EPF) flexible account (or Account 3) will go “live”, giving pre-retirement account holders the liberty to withdraw up to 10% of their balances for any purpose — a scenario that will be closely monitored for its potential impact on consumption.

Cover Story: EPF Account 3 withdrawals expected to have muted impact on consumption

LICENSED pawnbrokers, whose loans are collateralised against gold in the form of gold jewellery, gold bars and gold coins, are benefiting from the rise in the price of the precious metal, as pawn value and the number of transactions increase.

Year to date, gold has risen 12.7% to US$2,3...

How gold price movement influences pawnbroking activities 

MAIN Market-listed Kelington Group Bhd — seeing early signs of development amid the recovery of the semiconductor industry and intending to capitalise on potential demand for its ultra-high purity (UHP) gas solution from technology players — has positioned itself in Hong Kong and Germany to meet ...

Kelington positions itself to capture new markets via Hong Kong and Germany

Late last year, a Chinese carrier accidentally sold flight tickets at about US$1.30 each during a two-hour technical glitch in its mobile phone app and some ticket booking platforms. Naturally, consumers started sharing the great deal on social media until the airline company rectified the glitch.

Coffee Break: A matter of honour?

ALTHOUGH Indonesia’s central bank last Wednesday surprised with a rate hike of 25 basis points to 6.25% — the nation’s highest — to shore up the rupiah, Malaysia does not face any pressure to do the same, as economic growth remains a priority of Bank Negara Malaysia, economists say.

Fur...

The State of the Nation: No pressure for Malaysia to follow suit after Indonesia’s surprise rate hike, economists say

Sabah’s first woman Deputy Chief Minister Datuk Ariah Tengku Ahmad passed away in her sleep at her residence here Sunday at the age of 86, said her son Tengku Datuk Fuad Tengku Ahmad.

Sabah’s first woman deputy chief minister dies at 86

Adidas has launched an investigation into allegations of large-scale bribery in China after the company received a whistleblower complaint that accused senior staff of embezzling "millions of euros", the Financial Times reported on Sunday.

Adidas investigates bribery allegations in China — FT 

Western powers and other nations sought a consensus on the second day of a summit in Switzerland on Sunday on condemning Russia's invasion of Ukraine and underscoring the war's human cost.

Ukraine summit strives for broad consensus to lean on Russia to end war

The Israeli military says it has started a daily 11-hour ‘tactical pause’ along a key route in southern Gaza to increase the delivery of humanitarian aid.

Israel starts combat pause on road in Gaza for aid delivery

An oil spill off southern Singapore has spread to other areas of the island's coast and is threatening a marine reserve, government agencies said, adding that authorities were intensifying efforts to mop up the fuel.

Singapore intensifies oil spill cleanup after it spreads along coast

China Premier Li Qiang kicked off his four-day visit to Australia on Sunday by announcing Beijing would provide a new pair of pandas to Australia's Adelaide Zoo after the current pair returns to China later this year.

China Premier Li starts Australia trip with Adelaide panda announcement

Perikatan Nasional (PN) has announced Nibong Tebal PAS vice chairman Abidin Ismail, 56, as its candidate for the July 6 Sungai Bakap state by-election.

Perikatan names Nibong Tebal PAS vice chairman Abidin Ismail as Sg Bakap candidate 

The targeted diesel subsidy should not result in an increase in the price of goods, said Mydin Mohamed Holdings Bhd managing director Datuk Dr Ameer Ali Mydin.

Targeted diesel subsidy not expected to result in price hikes, says Mydin MD

Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.

Global rate-cut juggernaut struggling to start

The ranks of the double-haters — voters who say they don’t like either major party presidential candidate — are at a historic high and make up one-quarter of the electorate, according to a new analysis from Pew Research Center.

One in four voters are double-haters, rejecting Trump and Biden

Central banks cagey about joining the global interest-rate cutting cycle may reveal themselves this week with a quartet of decisions in advanced economies.

Three British opinion polls released late on Saturday presented a grim picture for Prime Minister Rishi Sunak's Conservative Party, and one pollster warned that the party faced "electoral extinction" in July 4's election.

UK polls point to 'electoral extinction' for Prime Minister Sunak's Conservatives

The targeted diesel subsidy should not result in an increase in the price of goods, said Mydin Mohamed Holdings Bhd managing director Datuk Dr Ameer Ali Mydin.

After a major transformation and rebranding exercise last year, Avaland Bhd (KL:AVALAND) — formerly MCT Bhd — intends to expand by doubling its launches in the Klang Valley within the next three years. Its new CEO Apollo Bello Tanco said the company is in the process of stabilising the business and achieving sustainable growth. To do that, it will focus primarily on five locations in the Klang Valley — Bangi, Seputeh, Cyberjaya, Damansara and Subang Jaya.

Aiming for sustainable growth

Crypto startups have drawn in roughly US$100 billion (RM471.8 billion) of venture funding since the industry’s inception, after a recent pick-up in investment that coincided with a rally in bitcoin and other major tokens.

Crypto startup funding overcomes blow-ups to hit US$100b

Kristie Lu Stout has had an illustrious career as a CNN anchor, news trailblazer and mentor since joining the Atlanta-headquartered network in 2001. Covering Hong Kong, China and Asia on the global stage, she reports from both the newsroom and the field on major news stories, including US-China relations, the rise of artificial intelligence and the aftermath of extreme climate events.

Taking the lead