Q&M Dental Group is proposing to seek a secondary listing on the Main Market of Bursa Malaysia Securities Bhd.

Q&M to seek secondary listing on Bursa Malaysia’s Main Market

THE two statements issued by City Development’s (CDL) executive chairman Kwek Leng Beng “do not present the full picture”, says his son Sherman Kwek.

The elder Kwek issued statements on Feb 26, first accusing his son, Philip Lee, Wong Ai Ai and a group of directors acting with them of t...

Primary reason behind CDL’s dispute is related to M&C board adviser Catherine Wu, says Sherman Kwek 

The “serious lapses” of corporate governance at City Developments (CDL) have been halted, according to a second statement issued by CDL’s executive chairman Kwek Leng Beng.

CDL board fight cools with undertaking from two new independent directors

US companies like Nvidia are expected to comply with US export controls and Singapore’s domestic legislation, said the city state's Ministry of Trade and Industry (MTI) in a statement on Saturday.

Singapore expects US companies like Nvidia to comply with its legislation, US export controls

DBS Group Holdings on Monday announced that it had increased its stake in Shenzhen Rural Commercial Bank to 19.4% from 16.69%.

DBS increases stake in Shenzhen Rural Commercial Bank to 19.4% for 1.6 bil yuan

Great Eastern Holdings has been given till May 25 to comply with the free float rule, following a previous extension that would have put the insurance company’s deadline at Jan 24.

Great Eastern given till May 25 to comply with free float rule

DBS Bank made two transactions in shares of Singapore Post (SingPost) nearly a week after the company terminated three of its top executives over the handling of whistle-blowing reports on Dec 22, 2024.

DBS bought and sold shares in SingPost nearly a week after termination announcement

Oversea-Chinese Banking Corporation (OCBC) has launched the sale of bespoke tokenised bonds to corporate accredited investors, becoming the first bank in Singapore to do so. Corporate accredited investors refer to corporations with net assets exceeding S$10 million (RM33 million).

OCBC first bank in Singapore to sell bespoke tokenised bonds

SINGAPORE (Jan 2): Singapore Post (SingPost) has appointed Neo Su Yin as its group chief operating officer,  effective Thursday. The newly created role will see Neo overseeing the group’s Singapore and international business units and property.

SingPost appoints former Singapore CEO Neo Su Yin as group COO

SINGAPORE (Nov 19): Shares in Oiltek International Ltd rose to 90.5 Singaporean cents as at 9.46am on Tuesday, 5.23% higher than the 86-cent close the day before, after the company reported a surge in its results in its 3QFY2024 and 9MFY2024 ended Sept 30.

Oiltek’s shares rise after 83.2% y-o-y surge in 3QFY2024 profit after tax

The Trump administration is proposing an overhaul of the US State Department that would eliminate more than 100 offices including some working on war crimes and rights advocacy to ensure Washington's premier diplomatic agency is in line with President Donald Trump's "America First" priorities.

Trump administration proposes shake-up of US State Department

A slew of mergers and acquisitions among finance-related firms is defying the global slump in dealmaking amid market turmoil triggered by US President Donald Trump’s tariff war.

US$50 bil finance deals defy global M&A gloom

Alphabet Inc pays Samsung Electronics Co an “enormous sum of money” every month to pre-install Google generative AI app, Gemini, on its phones and devices, according to court testimony, even though the company’s practice of paying for installations has twice been found to violate the law.

Google paid Samsung ‘enormous sums’ for Gemini AI app installs

The treasurers of eight US states have written an open letter to Tesla Inc’s board of directors questioning the direction of the company and the level of attention Elon Musk is paying to its mounting challenges.

Tesla board gets an earful from state treasurers over Musk’s focus

United States (US) tech giants Intel and Oracle have raised concerns about the impact of the United States’ (US) tariffs on their operations in Malaysia, said Investment, Trade and Industry (Miti) Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Intel, Oracle raise concerns over US tariffs with PM — Zafrul 

Prime Minister Pedro Sanchez said Spain will boost defence spending to 2% of economic output in 2025, or four years earlier than previously planned, as Nato nations come under growing US pressure to invest more in their security.

Spain plans to hike defense spending to 2% of GDP this year

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

MGB, Scanwolf, DPS Resources, Petronas Chemicals, Alpha IVF, Pentamaster, Southern Steel

Northrop Grumman Corp reported first-quarter profit that missed analysts’ expectations and cut its earnings forecast for the year as costs mounted for its next-generation B-21 stealth bomber.

Northrop Grumman cuts earnings outlook on B-21 Bomber costs

Solar photovoltaic (PV) module manufacturers in Malaysia owned by China-based players could face the risk of being phased out due to the latest US-imposed duties on solar imports from the country, an industry group representing the sector said.

New US tariffs on solar imports threaten to phase out Chinese solar panel makers in Malaysia

Thailand’s Prime Minister Paetongtarn Shinawatra has ruled out an imminent cabinet shakeup amid reports of a growing rift between her ruling party and its biggest coalition partner.

Thai PM rules out cabinet shakeup amid signs of coalition rift

Malaysia should brace for potential US recession and slowdown of China that will drag on the global economy this year, OCBC warned on Tuesday.

Malaysia should brace for potential US recession, China slowdown, says OCBC

The Royal Malaysian Police (PDRM) plans to nab&nbsp;another ‘Tan Sri’ for questioning&nbsp;in connection with the MBI ponzi scheme, following a second round of arrests from April 18 to 21 and the seizure of RM347 million in assets, according to sources.

Police to nab third ‘Tan Sri’ for questioning, following fresh arrests and RM347m seizure in MBI case — sources

The Visa Liberalisation Plan (PLV) for Chinese visitors has been extended for another five years, as the initiative has shown immediate positive impact on the country’s economy, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Visa exemption for Chinese tourists extended for five years to boost economy — home minister

Solar photovoltaic (PV) module manufacturers in Malaysia owned by China-based players could face the risk of being phased out due to the latest US-imposed duties on solar imports from the country, an industry group representing the sector said.

KUALA LUMPUR (April 22): Reach Ten Holdings Bhd’s initial public offering (IPO) shares were oversubscribed less than two times by the public investors ahead of its Main Market listing.

Reach Ten’s Main Market IPO shares oversubscribed by 1.85 times

The High Court has postponed the Sapura Holdings Sdn Bhd winding-up petition, involving feuding brothers Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsudin, to Wednesday at 9am, as both sides are negotiating a settlement.

Sapura Holdings winding-up case postponed to Wednesday as brothers seek settlement

Petronas Chemicals Group Bhd (KL: PCHEM), or PCG, announced on Tuesday that its Pengerang Petrochemicals Complex in Johor — the group’s largest growth project under its olefins and derivatives segment in partnership with Saudi Aramco — commenced commercial operations in November 2024

Petronas Chemicals says commercial ops at Pengerang site commenced in November 2024

Norges Bank, which manages Norway’s government pension fund, has emerged as a substantial shareholder in automated test equipment (ATE) maker Pentamaster Corp Bhd (KL:PENTA) with a 5.26% stake.

Norges Bank emerges as substantial shareholder of Pentamaster

THE recent Putra Heights gas pipeline explosion has affected the livelihood of 469 families and disrupted the operations of nearly 300 companies whose gas supply has been cut.

While the cause of the April 1 blaze is being investigated, a number of firms have been forced to halt producti...

Putra Heights gas blast leaves its mark on businesses

<h2>Notable filings</h2>

During the holiday-shortened week of April 2 to 4, notable shareholding changes at Bursa Malaysia-­listed companies included those at Hong Leong Financial Group Bhd (KL:HLFG), which saw the Employees Provident Fund (EPF) resurface as its substantial sh...

Insider Moves: Hong Leong Financial Group Bhd, NexG Bhd, MMAG Holdings Bhd, Propel Global Bhd, MCE Holdings Bhd, CPE Technology Bhd

The Ministry of Transport (MOT) is studying a more structured mechanism regarding port charges to ensure the sustainability of the country's ports as well as a balance between market needs and capacity development.

Transport Ministry floats plan for phased 30% increase in port tariff

Shares of TMD Energy Ltd, a 66.39% subsidiary of Straits Energy Resources Bhd (KL:STRAITS), rose by as much as 26.76% on its first day of trading on the New York Stock Exchange (NYSE) American.

TMD Energy opened at US$3.26 on Monday (April 21), and hit an intraday high of US$4.12, before it pared its gains to close at US$3.63, an 11.69% premium over the initial public offering (IPO) price of US$3.25 per share.

Straits Energy’s TMD ends NYSE American debut at 12% premium to IPO price

The cargo division of Malaysia Aviation Group, MAB Kargo Sdn Bhd (MASkargo), together with Qatar Airways Cargo and IAG Cargo, plan to launch a global cargo joint business to improve service, speed, connectivity, routes, efficiency and safety in air freight.

MASkargo, Qatar Airways Cargo and IAG Cargo plan joint cargo business

Global paper manufacturer Zhejiang Jingxing Paper Joint Stock Co Ltd is set to expand its manufacturing operations in Banting, Selangor, with a RM1.9 billion investment.

Shenzhen-listed Zhejiang Jingxing Paper invests RM1.9 bil to expand Malaysian operations

The dragon carving souvenir recently presented to Chinese President Xi Jinping was a personal gift and not an official government representation, Transport Minister Anthony Loke Siew Fook said.&nbsp;

Loke: Dragon souvenir for Xi a personal gift, should not be blown out of proportion

The escalation of US-China trade tensions, marked by aggressive tariff measures by US President Donald Trump, is likely to reinforce Asean's attractiveness as a neutral production and investment base, according to OCBC chief economist Selena Ling.

Trump tariffs reinforce Asean as neutral hub for rest of world — OCBC economist

Wong &amp; Partners, the legal firm which had advised 1Malaysia Development Bhd (1MDB), did not play a role in the controversial transfer of the US$1 billion meant for a joint venture with PetroSaudi International Ltd (PSI), but which was then misappropriated, the court heard on Tuesday.

1MDB legal adviser Wong & Partners played no role in controversial US$1b remittance, court told

The treasurers of eight US states have written an open letter to Tesla Inc’s board of directors questioning the direction of the company and the level of attention Elon Musk is paying to its mounting challenges.

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

DESPITE volatile market conditions, telecommunications infrastructure provider Reach Ten Holdings Bhd is pushing ahead with its initial public offering in May — the first Main Market IPO of a Sarawak-based company in 15 years.

Managing director Leo Chin Yu Lay says the primary objective...

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