Sapura Energy Bhd (KL:SAPNRG) has granted chairman Datuk Mohammad Azlan Abdullah leave of absence with immediate effect to allow the 56-year-old to focus on ongoing investigations by the Malaysian Anti-Corruption Commission (MACC) regarding a matter unrelated to the oil and gas engineering group.

Sapura Energy grants chairman leave of absence amid unrelated MACC probe

Permodalan Nasional Bhd’s (PNB) said on Tuesday that its net income grew by 26% last year as the country’s largest fund manager raised investments in fixed income, real estate, private markets and foreign assets.

PNB net income grows 26% in FY2023, optimistic on equity

TEN years since Southern Capital privatised HELP International Corp Bhd (HIC) in 2014, the private equity firm has decided to exit, and the buyer is none other than a consortium of shareholders led by the education group’s founding Chan family.

The family’s private vehicle — CL Heritage...

HELP University founding Chan family buys back controlling stake from Southern Capital 

The government has directed the Malaysian Communications and Multimedia Commission (MCMC) to initiate the process of selecting mobile network operators (MNOs) to develop the country's second 5G network.

Putrajaya instructs MCMC to start process of identifying second 5G network developer

Waz Lian Group founder Tan Sri Ta Kin Yan passed away in his sleep in the afternoon on Sunday at the age of 72, according to various news reports.

Waz Lian founder Ta Kin Yan passes away in sleep — reports

Destini Bhd (KL:DESTINI) said on Friday its indirect subsidiary was served with a winding-up petition for purportedly failing to pay RM18.55 million owed to the tax authority.

Destini's indirect unit served winding-up petition over RM18.55 mil tax owed

A rally in construction stocks has lifted the Bursa Malaysia Construction Index to a six-year high amid the hype surrounding data centres, fuelled by an increasing number of contracts given out to build such facilities, to meet the growing demand of computing power for generative artificial intelligence (AI).

More upside seen for construction sector, a proxy to data centre craze

Malaysia Airports Holdings Bhd (MAHB) said it was notified on Wednesday that one of the four pre-conditions for the RM10.79 billion proposal to privatise the airports operator has been fulfilled.

MAHB privatisation: consortium fulfils one of four pre-conditions

Shares of ViTrox Corp Bhd (KL:VITROX) climbed as much as 19% on Tuesday, extending a rally after being associated with Nvidia Corp and Foxconn Industrial Internet Co Ltd.

ViTrox surges to two-year high post-bonus issue, after being associated with Nvidia and Foxconn

A slew of businesses announced price hikes for their goods and services on Monday (June 10), with some ascribing the move to the removal of diesel subsidies in Peninsular Malaysia.

Businesses seen raising prices after partial rationalisation of diesel subsidy

KUALA LUMPUR (June 28): Shares of Kim Loong Resources Bhd (KL:KMLOONG) rose to their highest in more than a month on Friday, after the palm oil producer reported better-than-expected first quarter results.

Kim Loong shares climb over one-month high after 1Q beat

The number of people sleeping on the streets of London has hit a record high of nearly 12,000.

Citing the latest figures, Qatar-based newspaper The Peninsula on Thursday said the data was a result of the impact of the UK's cost-of-living crisis.

Record number of people sleeping on streets of London — report

TOKYO (June 28): Japan's Topix stock index climbed to a 34-year high on Friday, as banks gained amid a gradual rise in domestic bond yields, and technology shares rebounded from a sell-off in the previous day.

Japan's Topix hits 34-year peak as banks advance, tech rebounds

Japan is getting a new currency czar, just as the yen trades near its weakest levels in almost four decades, the nation’s finance minister said.

The Finance Ministry (MOF) appointed Atsushi Mimura as its new vice finance minister for international affairs, making him the face of official efforts to manage the yen as Masato Kanda steps down, Shunichi Suzuki told reporters at a press conference on Friday.

Japan replaces currency czar as yen continues its slide, Nikkei reports

SoftBank Group Corp raised about US$1.86 billion (RM8.78 billion) via dollar and euro bond sales in its first foreign currency debt deal since 2021, as the Japanese tech firm moves to jump-start investment in artificial intelligence (AI).

SoftBank raises almost US$1.9b overseas as it boosts AI bets

BENGALURU (June 28): Copper prices in London firmed on Friday, but were on track for their biggest monthly decline since May 2023, amid patchy economic growth in top consumer China and higher inventories.

London copper set for biggest monthly fall since May 2023

Nokia Oyj has agreed to acquire Infinera Corp in a transaction valuing the maker of optical telecommunications equipment at US$2.3 billion (RM10.85 billion) including debt.

Nokia to buy networking company Infinera in US$2.3b deal

ATLANTA (June 27): Democratic President Joe Biden delivered a shaky performance at Thursday's debate, while his Republican rival Donald Trump battered him with a series of often false attacks, as the two oldest presidential candidates ever, exchanged deeply personal insults ahead of November's US election.

Biden delivers uneven performance under Trump's barrage of falsehoods at first debate

Football needed a break and the current European Championship in Germany is the tournament that might just save it from itself — for a month at least. That’s how long this glorious throwback has to divert attention from a club game embroiled in litigation and remind head honchos what football is ...

Business Of Sports: The Euros may be what the tired old game needed

Wide-ranging economic data illustrates a downshift in US growth over the first half of the year tied to both the Federal Reserve’s (Fed) higher-for-longer borrowing costs policy and sting of lingering inflation.

US economy shows further signs of slowing under high rates

KUALA LUMPUR (June 27): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Sapura Energy Bhd’s (KL:SAPNRG) net profit shrank nearly 44% to RM82.13 million for 1QFY2025 from RM146.09 million the year before, no th...

Sapura, Crescendo, United Malacca, YNH Property,  Dataprep, EA Technique and MyEG

Nike Inc&nbsp;fell after the world’s largest sportswear company issued a full-year outlook that missed expectations, reinforcing investor concerns about waning demand for the brand’s sneakers and apparel.

Nike tumbles after warning that sales slump is getting worse

Shares in CelcomDigi Bhd (KL:CDB) snapped a six-day losing streak on Friday, as Maybank Investment Bank (Maybank IB) flagged improving risk-reward, and told investors to now buy the stock.

CelcomDigi shares snap six-day losing streak as Maybank IB upgrades to 'buy'

Rakuten Trade said MN Holdings Bhd (KL:MNHLDG) is back on the radar, after it pushed out from the bullish flag pattern with a long white candle on Thursday. An improving trading volume also sent its share price to hit a new all-time high, suggesting the bullish momentum is picking up.

MN Holdings back on radar, says Rakuten Trade

Fitch Ratings on Friday affirmed Malaysia’s sovereign rating at BBB+ with a ‘stable’ outlook, citing strong medium-term growth prospects, but flagged high public debt, low government revenue, and near-term political challenges.

Fitch affirms Malaysia's credit rating at BBB+, outlook 'stable'

Asian stocks are headed for a fifth straight month of gains on Friday, bolstered by the growing view that cooling US&nbsp;inflation will allow the Federal Reserve (Fed) to ease interest rates this year.

Asian shares eye five-month winning streak; yen slumps

The ringgit has 'significant potential'&nbsp;to appreciate and be among the top beneficiaries of any US interest rate cuts, Bank Negara Malaysia’s (BNM) Financial Markets Committee said on Friday.

Ringgit has 'significant potential' to strengthen further, says BNM's Financial Markets Committee

A hot new online game is refuelling investor optimism for Tencent Holdings Ltd, driving China’s biggest stock boost of 2024.

Its shares have rallied 28% so far this year with help from the strong debut of&nbsp;Dungeon &amp; Fighter Mobile, adding US$91 billion (RM429.54 billion) in market value, more than any other Chinese company. Improved regulatory and business climates in the company’s key markets are also helping drive expectations.

Tencent rides hit game for China’s biggest gain in market value

US&nbsp;stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a slight gain after data showed a continued slowdown in economic activity, raising investors' hope for rate cuts.

Wall Street closes subdued as investors sit, wait for inflation data

Kenanga Research has maintained its end-calendar year 2024 (CY2024)&nbsp;FBM KLCI target of 1,700 points, based on 16 times CY2024 earnings (+16.2%).

In a market strategy note on Friday, the research house projected KLCI’s earnings growth to moderate to 8.1% in CY2025.

KLCI earnings growth to moderate to 8.1% in 2025, says Kenanga

Wide-ranging economic data illustrates a downshift in US growth over the first half of the year tied to both the Federal Reserve’s (Fed) higher-for-longer borrowing costs policy and sting of lingering inflation.

KUALA LUMPUR (June 28): Property developer NCT Group’s unit NCT Smart Management Sdn Bhd (NCT Smart Management) has inked memorandums of understanding (MOU) with KDEB Waste Management (KDEBWM) and Mentari Alam EKO (M) Sdn Bhd (MAEKO) to bolster the offerings and capabilities of the NCT Smart Industrial Park (NSIP).

NCT Group inks deals with KDEB Waste Management, Mentari Alam EKO to bolster offerings at smart industrial park

The International Monetary Fund (IMF) said on Thursday that the US is running deficits that are too big and is weighed down by too much debt, and it warned of dangers from increasingly aggressive trade policies.

IMF blasts US for risky deficits, debt, trade and bank rules

Microsoft Corp&nbsp;is informing additional customers that emails they exchanged with the technology giant were accessed by a Russian state-sponsored hacking group, and it’s providing previously notified clients with details of what was taken, according to a company spokesperson.

Microsoft tells more clients Russian hackers viewed emails

Israel stormed a neighbourhood in Gaza City on Thursday, ordering Palestinians to move south as tanks rolled in and bombing the southern city of Rafah in what it says are the final stages of an operation against Hamas militants there.

Israel storms Gaza City neighbourhood, orders Palestinians to go south

Tencent Cloud has partnered with Nokia to help businesses in Asia-Pacific harness the potential of artificial intelligence (AI).

Tencent Cloud partners with Nokia to support Asia-Pacific businesses' AI ambitions

A panel of outside experts to the US&nbsp;Centers for Disease Control and Prevention (CDC) has voted unanimously to recommend the use of updated Covid-19 vaccines, as authorised or approved by the Food and Drug Administration&nbsp;(FDA), in those aged six months and older for the 2024-25 immunisation campaign.

US CDC advisers recommend updated Covid vaccines for ages six months and older

US stock indexes were flat on Thursday, as investors assessed a string of economic data ahead of the Federal Reserve's closely watched inflation report, while Micron and pharmacy chain Walgreens Boots Alliance slumped on disappointing forecasts.

Data showed new orders for key US-manufactured capital goods unexpectedly fell in May, while core durable goods orders fell 0.1% versus forecasts for a 0.2% rise, boosting hopes that a weaker economy could prompt the Federal Reserve to cut interest rates in September.

Wall St listless as eyes on crucial inflation data; Micron, Walgreens slump

So far, 2024 is shaping up as a not-so-shabby year for robotics start-up funding.

In a report on Thursday, Crunchbase, which tracks trends, investments and news of global companies from start-ups to the Fortune 1000, said developers of workplace robots, robotic surgery technologies, and even humanoid models had all raised large rounds in the past six months.

Robotics start-ups on the rise in 2024, reports Crunchbase

The Bolivian government had intelligence that a coup attempt could occur before the country's top military commander and his troops forced their way into the presidential palace, a senior government minister said on Thursday.

The failed coup on Wednesday happened over a few hours and provoked swift condemnations from world leaders, raising fears that democracy in the Andean nation remains at risk.

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