Polling for the Kuala Kubu Baharu (KKB) by-election is seeing 55.79% voter turnout at 4pm, as observers keep an eye on whether it could breach the 68.3% turnout seen in the 2023 Selangor state polls.

Kuala Kubu Baharu by-election: 55.79% turnout at 4pm

The country's unemployment rate is expected to come within the official forecast of 3.3% in 2024, thanks to a strong domestic economy and recovering external trade, according to economists.

Malaysia's labour market to come within expectations for 2024, say economists

Tan Sri Abdul Ghani Salleh, the chairman of the Election Commission (EC), retired from his position on May 9 after four years.

Election Commission chairman Abdul Ghani retires after four years

Shares of MCE Holdings Bhd (KL:MCEHLDG) rose to their highest in at least two decades after the automotive parts manufacturer said Brahmal Vasudevan of private equity firm Creador is its newest substantial shareholder.

MCE Holdings surges to highest in at least two decades

AwanBiru Technology Bhd (Awantec) reported a net profit of RM2.14 million for its third quarter ended March 31, 2024 (3QFY2024), a significant turnaround from the net loss of RM1.99 million it incurred a year ago, as its software and services segment secured major contracts with higher revenue.

Awantec reports profit in 3Q as revenue jumps on new contracts

Insurance comparison platform BJAK says it acknowledges the "issues" raised by the Road Transport Department (JPJ) and is actively working with the authority to address them.

BJAK acknowledges issues raised by JPJ, says actively working to address them

KUALA LUMPUR (May 7): Shares of construction crane manufacturer Favelle Favco Bhd closed at its all time high on Tuesday, after the group clinched four contracts for the supply of offshore and tower cranes.

Favelle Favco shares hit new high on RM39.2 mil contract wins

Building construction services provider Siab Holdings Bhd has signed an underwriting agreement with M&A Securities and NewParadigm Securities Sdn Bhd for the group's rights issue with warrant exercise, aiming to raise RM91.98 million.

M&A Securities and Newparadigm underwrites Siab’s rights issue with warrants

CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.

Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

THE prize in the Kuala Kubu Bharu (KKB) by-election is just a single Selangor state assembly seat, but the contest here has drawn much attention as the Pakatan Harapan (PH)-led unity government strives to retain its support in the state that was once known as a PH stronghold. Perikatan Nasional (...

Run-Up To KKB By-election: More than a contest for one state seat

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.

China's Country Garden repays onshore coupons within grace period

Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity market since early this year.

Bursa's average daily trading value jumps 42% to RM2.9b in 4M2024

The Ministry of Transport (MOT) has never allowed any e-hailing service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

Loke says e-hailing price bidding system never approved by MOT

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

Anwar to undertake official visit to Qatar from Sunday to Tuesday

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

Viral message of US imposing sanctions on Malaysia is fake, says Fahmi

A news report attributed to Reuters that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.

Reuters says report on Malaysia listed as state sponsor of terror is false

Residents of Kuala Kubu exercised their democratic right today at 18 polling stations, with voting starting at 8 am. A total of 40,226 voters are eligible to participate in the by-election. It is a four-way contest between Pang Sock Tao (PH), Khairul Azhari Saut (PN), Hafizah Zainuddin (PRM), and Nyau Ke Xin (independent). Notably, none of the candidates will be voting as they are not registered voters in the constituency.

NEWS: KKB goes to the polls

The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.

Kuala Kubu Baharu by-election results expected to be known as early as 9pm

KUALA LUMPUR (May 10): Paramount Corp Bhd (KL:PARAMON) bought a 21.54% stake in Eco World International Bhd (EWI)(KL:EWINT) for RM170.61 million in cash.

Paramount buys 21.5% stake in Eco World International from Quek Leng Chan for RM170.61m cash

Long considered a tech hinterland, Southeast Asia is fast emerging as a centre of gravity for the industry.

Tech giants starting to treat Southeast Asia like next big thing, Bloomberg reports

A news report attributed to Reuters that Malaysia is the first country in Southeast Asia to be listed by the US as a state sponsor of terror is false.&nbsp;

Digital business solutions provider Cuscapi Bhd (KL:CUSCAPI) said Securities Commission Malaysia has approved its associate company MX Global Sdn Bhd to facilitate the trading of the Worldcoin (WLD) token on digital asset exchanges recognised by the SC.

Cuscapi says SC has okayed trading of Worldcoin on digital asset exchanges in Malaysia

RHB Bank Bhd (KL:RHBBANK) had gone through a challenging year in 2023, as the banking industry was busy defending narrowing net interest margins amid high funding costs as lenders competed fiercely for deposits.

RHB pushes hard for desired growth

Polling for the Kuala Kubu Baharu (KKB) by-election is seeing 55.79% voter turnout at 4pm, as observers keep an eye on whether it could breach the 68.3% turnout seen in the 2023 Selangor state polls.

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

Invest Selangor Bhd is eyeing up to RM7 billion in potential transaction value from the Selangor International Business Summit (SIBS) this year.

Invest Selangor eyes RM7b transaction value from SIBS 2024

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.

Soyoil jumps on bets US tariffs to include Chinese cooking oil

A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.

Global stocks rally, Europe at record highs, dollar gains

The Ministry of Transport (MOT) has never allowed any e-hailing&nbsp;service provider to use the price bidding system for passengers in the country, said Minister Anthony Loke Siew Fook.

A viral message claiming that Malaysia is the first Asean member country sanctioned by the US is fake, according to Communications Minister Fahmi Fadzil.

Bursa Malaysia’s average daily trading value (ADTV) jumped 42% to RM2.9 billion in the first four months of 2024 (4M2024), showing the vibrancy of the local equity&nbsp;market since early this year.

The Kuala Kubu Baharu by-election results will be known as early as 9pm on Saturday, said Election Commission (EC) deputy chairman Dr Azmi Sharom.

No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Apple says no major app developers accept new outside payments

China’s consumer inflation quickened in April, holding above zero for a third month, while industrial prices extended a long decline that highlights weak demand in the economy. &nbsp;

China's consumer inflation edges up, factory prices extend slump

A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.

Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

Prime Minister Datuk Seri Anwar Ibrahim will undertake an official visit to Qatar from Sunday to Tuesday aimed at strengthening&nbsp;the long-standing relations and multifaceted cooperation between Malaysia and Qatar, said the Foreign Ministry.

Embattled Chinese property developer Country Garden said in a statement on Saturday it had repaid two onshore bond coupons before the expiry of a five-day grace period, following missed payments last week.

Once again, US economic and market forecasters are having a difficult time. Worse, while 2023 surprised on the upside, the deviation from projections in 2024 could be much less favorable.

Recall the start of 2023. Forecasters had overwhelmingly anticipated a difficult year for economic ...

Choy Nyen Yiau

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Choy Nyen Yiau

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