Banking

MARKET WEIGHT

UOB KAY HIAN RESEARCH (APRIL 15): As the five digital banks prepare to commence operations in the coming months, we anticipate a f...

Brokers Digest: Local Equities: Solarvest Holdings Bhd, Press Metal Aluminium Holdings Bhd, Lee Swee Kiat Group Bhd

MALAYSIA is “sticking” to plans to trim blanket petrol subsidies this year in favour of targeted aid to better cater for those who need the subsidies while bolstering investor confidence by reining in the government’s fiscal deficit, Economy Minister Rafizi Ramli is reported to have said.

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The State of the Nation: Ensuring higher oil price does not become a double whammy for Malaysia and the rakyat 

FROM confidence of an interest rate cut as early as March at the start of the year, market expectations on when the US Federal Reserve will begin trimming interest rates have changed so drastically that hardly anyone expects a rate cut when the Federal Open Market Committee (FOMC) next decides on...

The State of the Nation: Watching the ringgit as markets adjust to possible near-zero Fed cuts in 2024 

THERE is “no reason” Malaysia cannot “break through the middle-income trap and become a high-income economy by the end of the decade”, says Asean+3 Macroeconomic Research Office (Amro) chief economist Khor Hoe Ee.

“We are optimistic that as long as [Malaysia] maintains fiscal and moneta...

The State of the Nation: Malaysia’s marathon towards high-income status faces rising headwinds

THAILAND’S March 28 decision to legalise casinos housing large entertainment complexes naturally cast a spotlight on the Genting Group and its hilltop casino resort — Genting Highlands outside Kuala Lumpur — that opened its first hotel in 1971. The indoor and outdoor theme parks were added in the...

Spotlight on Genting as Thailand eyes tourism dollars with casinos

Notable filings

Notable filings of shareholding changes for the period week of March 25 to 29 include share purchases by several company leaders.

Yinson Holdings Bhd group exe­cutive chairman Lim Han Weng took over a controlling stake in offshore support vessel (OSV) provide...

Insider Moves: Icon Offshore Bhd, Berjaya Corp Bhd, NTPM Holdings Bhd, Ancom Nylex Bhd , Econpile Holdings Bhd, NCT Alliance Bhd

IN the week when it became clear that Malaysia will not implement the so-called “luxury tax” now known as the High Value Goods Tax (HVGT) on May 1, Economy Minister Rafizi Ramli gained ammunition to counter a renewed barrage of criticism on the Central Database Hub (Padu) — with registrations sur...

The State of the Nation: Is pick-up in Padu registrations enough?

PUTRAJAYA and Bank Negara Malaysia seem to be going on a verbal offensive against naysayers of the ringgit, which briefly slipped past 4.8 against the greenback before closing at a 26-year low of 4.79 about a month ago on Feb 20.

When releasing the central bank’s 2023 annual report, alo...

The State of the Nation: Structural reforms key to ensure enduring support for ‘undervalued’ ringgit

IT was no small feat for the Employees Provident Fund (EPF) as it declared its highest-ever total dividend payout of RM57.81 billion for 2023 with higher year-on-year dividends for both conventional savings and shariah savings for its 16.1 million members. Yet, the spotlight seems to have fallen ...

The State of the Nation: The ‘shariah surprise’ and gap in expectations despite EPF’s record dividend payout

KPJ Healthcare Bhd

Target price: RM1.86 OVERWEIGHT

Brokers Digest: Local Equities - KPJ Healthcare Bhd, IHH Healthcare Bhd, Dialog Group Bhd, PPB Group Bhd

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive