The Edge Billion Ringgit Club (BRC) Awards — which started out in 2010 to recognise, honour and celebrate the biggest and the best of Corporate Malaysia — turns Sweet 16 this year, an age often seen to bring the promise of certain new freedom as one transitions from childhood to young adulthood. As adults, we know increased independence comes with added responsibility.

Reaping the fruits as excellence becomes an ingrained practice

The 2024 chapter of The Edge Billion Ringgit Club (BRC) Awards is especially memorable, not only because it is the 15th year for the awards — that started in 2010 as an initiative by The Edge Malaysia to recognise, honour and celebrate the biggest and best of Corporate Malaysia — but also the year in which The Edge Malaysia celebrates its 30th anniversary of reporting news that matters.

Making excellence a habit

I bid you a warm welcome to the 2023 chapter of The Edge Billion Ringgit Club (BRC) Awards. This once-a-year gala dinner started in 2010 as an initiative by The Edge Malaysia to recognise, honour and celebrate the biggest and best of Corporate Malaysia — we believe this is possibly the only time in the year that top executives of companies across all sectors listed on Bursa Malaysia are gathered together for an evening like this.

Building value that lasts beyond quarterly performances

Handshakes were back at The Edge Billion Ringgit Club (BRC) as Corporate Malaysia returned in full force to honour its best performers without Covid-19 restrictions in Kuala Lumpur on Oct 31.

Good to meet face to face again

There were no handshakes as winners of this year’s The Edge Billion Ringgit Club (BRC) gathered once again to honour Corporate Malaysia’s best performers in Kuala Lumpur on Dec 13. 

Last year, for the first time since the awards began in 2010, we had to do without a physical awards...

Tough times will not last, tough businesses will

For the first time since the inception of The Edge Billion Ringgit Club (BRC) 11 years ago, the much-anticipated annual gala dinner to honour Corporate Malaysia’s crème de la crème could not be held due to the ongoing Conditional Movement Control Order in Kuala Lumpur and Selangor to once again f...

Stay resilient, Corporate Malaysia!

The Edge Billion Ringgit Club (BRC) annual gala dinner held on Sept 19 saw 42 companies picking up 55 awards for being the best performers on Bursa Malaysia based on their financial performances from FY2015 to FY2018.

This year, based on the March 31, 2019, cut-off date, there were 168 ...

Strive on, Corporate Malaysia strive on

Oil steadied after its biggest drop in more than a week on signs supply from the Middle East has risen to near pre-war levels as Saudi Arabia resumed flows through a pipeline that avoids the Strait of Hormuz.  West Texas Intermediate slipped toward US$89 a barrel after dropping 3.5% in the previous session, while Brent settled near US$103.

Oil holds loss as Middle East exports seen near pre-war level

Stocks joined bonds lower as a drop in oil prices did little to allay Wall Street’s concerns that still-elevated energy costs could fuel inflation and spur Federal Reserve rate hikes.

Stocks fall as long-term yields hit 24-year high

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

Yinson, Gamuda, SD Guthrie, AEON Credit, UMS Integration, Kelington, Vantris, Supermax, Apollo, VS Industry, Sern Kou

Kim Loong Resources Bhd’s (KL:KMLOONG) second-quarter net profit dropped 5%, weighed down by lower fresh fruit bunch (FFB) production and reduced crude palm oil (CPO) sales volume.

Kim Loong's 2Q profit drops 5% on lower FFB, palm oil sales

The benchmark S&P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.

S&P 500 flat as higher bond yields counter tech optimism

OpenAI's annual recurring revenue is nearing US$70 billion (RM285.4 billion) as enterprise sales more than doubled since July, Axios reported on Tuesday, citing sources familiar with the financials of the start-up.

OpenAI's annual recurring revenue nears US$70b — report

US President Donald Trump will meet on Tuesday with tech executives including Meta CEO Mark Zuckerberg, Google's Sundar Pichai and Anthropic's Dario Amodei to discuss AI, as calls ramp up for more regulation of the fast-developing technology.

Trump to host Anthropic's Amodei, Nvidia's Huang, other AI execs, as fears mount

US job openings fell in August, but layoffs remained low, pointing to a stable labour market.

US job openings fall in August; layoffs remain low

US consumer confidence fell in September to the lowest level since 2014 as pessimism grew about the economy and the labour market.

US consumer confidence plunges to lowest level since 2014

The interim report on the implementation of the Felda Group Strategic Roadmap 2025–2030 was submitted to Prime Minister Datuk Seri Anwar Ibrahim on Sept 25.

Interim report on Felda’s strategic roadmap submitted to PM on Sept 25 

The High Court has granted an interim (temporary) stay sought by businessman Datuk Seri Mahmud Abu Bekir Taib, over an order to pay RM41.8 million in additional assessments and penalty imposed by the Inland Revenue Board (IRB) for the years 2021 to 2024 that had been issued on him in June this year.

High Court grants Mahmud Abu Bekir stay from paying RM41.8m additional taxes, penalty

UMS Integration Ltd (KL:UMSINT) is seeking to raise up to RM450 million through a placement representing 5.63% of its enlarged share capital, to fund projects in Penang, Malaysia, as well as expansion in Vietnam and Singapore.

UMS Integration seeks to raise RM450m via placement for Penang, Vietnam and Singapore expansion

VS Industry Bhd (KL:VS) posted its first full-year loss since it was listed in 1998, dragged down by lower orders placed by key customers amid weak global consumer sentiment.

VS Industry records first full year loss on lower orders

Here is a brief recap of some business news and corporate announcements that made&nbsp;headlines on Tuesday.

Crescendo Corp Bhd's (KL:CRESNDO) net profit more than quadrupled in the second quarter due to the sale of two parcels of land in Johor to data centre developers.&nbsp;

Crescendo’s 2Q net profit surges over fourfold to RM70.6m, declares 2 sen dividend  

SNS Network Technology Bhd's (KL:SNS) second-quarter net profit declined 37.3%, weighed down by lower sales and higher expenses.

SNS Network's 2Q profit down 37% on higher costs and delivery delays, declares  0.25 sen dividend

Scientex Bhd (KL:SCIENTX) is acquiring a 70% stake in Hunan Changcheng Mint New Material Technology Co Ltd (Mintpack), a plastic packaging manufacturer in China’s Hunan province, for 167.3 million yuan (RM101.5 million), as it seeks to expand its footprint in China.

Scientex to acquire 70% stake in China plastic packaging maker for RM101.5m

A witness on Tuesday denied that changing the term “advisory fee” in a project advisory agreement&nbsp;to “commission” in his witness statement was intended to enable the case involving Sayed Amir Muzzakkir Al Sayed Mohamad to be brought under the Malaysian Anti-Corruption Commission (MACC) Act.

Witness denies changing 'advisory fee' to 'commission' to bring case of Hamzah's former secretary under MACC Act

On Sept 28, Malaysia said goodbye to Tun Dr Siti Hasmah Mohd Ali.

Opinion: The quiet place beside history — Remembering Tun Dr Siti Hasmah Mohd Ali, 1926–2026

China announced several steps to encourage banks to lend to targeted sectors including infrastructure and technology, in an attempt to juice growth after a months-long slowdown in the economy.

China expands targeted lending to bolster economy, cuts PSL rate

Fifty residents of Taman Sri Muda on Tuesday won a lawsuit against the government and several public authorities over the devastating floods that struck the area in December 2021.

Taman Sri Muda residents win flood lawsuit against govt, several authorities

Anthropic is making a massive bet that AI will transform the global economy more profoundly than industrialisation, electricity and the internet, according to its IPO prospectus seen by Reuters.

Anthropic's IPO prospectus shows sweeping AI vision, surging costs

MNC Wireless Bhd (KL:MNC) said on Tuesday it is terminating the services of its advisers for its proposed capital reduction exercise of RM83 million.

MNC Wireless switches out advisers for RM83m capital reduction exercise

AEON Credit Service (M) Bhd (KL:AEONCR) reported a 18% drop in its net profit for the second quarter amid higher impairment losses on financing receivables.

AEON Credit 2Q net profit drops 18% on higher impairment losses

Careplus Group Bhd (KL:CAREPLS) plans to raise up to RM29.78 million through a rights issue to help fund the ongoing construction of the group's energy vehicle manufacturing hub in Chembong, Negeri Sembilan.

Careplus plans rights issue to raise up to RM30 mil to fund energy vehicle hub

Jefferies Financial Group Inc’s asset-management unit revenue slumped more than 50% in the fiscal third quarter, sending shares down as the bank grapples with fallout from tumultuous investments.

Jefferies stung by soured bets at asset-management unit

Kim Loong Resources Bhd’s (KL:KMLOONG) second-quarter net profit dropped 5%, weighed down by lower fresh fruit bunch (FFB) production and reduced crude palm oil (CPO) sales volume.

The Canadian economy is tracking for weaker growth in the third quarter after roaring back to life between April and June.

Canada’s economy shows third quarter slowdown after spring surge

Southeast Asia could reduce recurring fossil fuel imports with one-off investments in renewable energy as a bulwark against macroeconomic and energy security risks, a US think tank said.

Southeast Asia renewable energy investments can pay off, generate savings, says US think tank

The benchmark S&amp;P 500 was flat on Tuesday, as rising government bond yields hurt risk sentiment and offset gains in AI-related stocks driven by optimism about Anthropic's plan to go public.

Datuk Ho Kay Tat

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Datuk Ho Kay Tat

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