Petronas Chemicals Group Bhd (KL:PCHEM) has won the silver award in the industrial products and services category at The Edge Malaysia ESG Awards 2024.

PetChem drives innovations in plastics circularity

Press Metal Aluminium Holdings Bhd (KL:PMETAL) secured the gold award in the industrial products and services category at The Edge Malaysia ESG Awards 2024.

Press Metal guides suppliers to adopt ESG

Mah Sing Group Bhd (KL:MAHSING) won the silver award in the property sector at The Edge Malaysia ESG Awards 2024.

Mah Sing sets new standards

Frontken Corp Bhd (KL:FRONTKN) has bagged the silver award in the most improved ESG performance over three years category at The Edge Malaysia ESG Awards 2024.

Frontken transitions to greener production

Malaysia’s emergence as a data centre hub brings significant environmental challenges, particularly since the country relies on electricity generated from fossil fuels.

“Data centres are significant consumers of energy. Managing this consumption efficiently is vital to both operational ...

Sustainability: Balancing growth with green innovations

Colocation data centres are rapidly gaining popularity, owing largely to the growing need for secure, scalable and cost-effective IT infrastructure. These may also prove to be a boon for small and medium enterprises (SMEs) that want their IT needs reliably and efficiently met. In a nutshell, a co...

Guide: Colocation: A game changer for SMEs

Findings of a recent study by Prudential Malaysia show that only 48% of Malaysians are actually satisfied with their financial well-being. Out of that number, 43% are concerned about securing their retirement comfortably due to stagnant wages and the rising cost of living.

It is not all...

Money Matters: Financial advisory gets an AI boost

Data literacy among businesses in Malaysia is gaining significance against the backdrop of a booming big data analytics (BDA) market projected to reach US$1.9 billion (RM7.85 billion) by 2025. Yet, local businesses continue to grapple with data literacy challenges, impeding their capacity to leve...

Data Fluency: Data literacy to empower informed decision-making and innovation

A troubling trend in Malaysia’s housing ownership landscape has emerged in recent times. The declining rate of home ownership is juxtaposed against a surge in unsold properties, painting a complex picture of the housing market.

This scenario can be particularly daunting for prospective ...

Asset Awareness: Redefining property investment with data

Education technology, or edutech, in Malaysia is experiencing a dynamic phase, characterised by both rapid growth and the need for continuous adaptation. The burgeoning landscape of edutech has propelled advancements, yet new trends are steering this sector towards innovative transformations. As ...

Edutech: Accessible, dynamic learning for all

Sales of previously owned US homes rose in October by the most since earlier this year, as buyers took advantage of a dip in mortgage rates in the previous month.

Contract closings increased 3.4% from a month earlier — the most since February — to a 3.96 million annualised rate, according to data released on Thursday by the National Association of Realtors (NAR).

US existing-home sales rose in October after mortgage-rate drop

Europe will suffer in case of a fresh trade war with the US, and could face a recession coupled with high inflation, Cypriot central bank Governor Christodoulos Patsalides said on Thursday.

Trade war could leave Europe in recession with high inflation, ECB policymaker warns

(Nov 21): Target Corp. investors are losing patience with the retailer’s turnaround plan.

Target cut its full-year profit outlook Wednesday after a disappointing quarter, sending shares down more than 20%. Executives said shoppers are spending less on nonessential items like clothe...

Target’s slow rebound frustrates investors

Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company said in a stock exchange filing on Thursday.

Alibaba combines e-commerce arms to tackle growing competition

Ukraine said Russia fired what appeared to be an intercontinental ballistic missile (ICBM) at the city of Dnipro on Thursday, in what would be the first use in war of a weapon designed to deliver long-distance nuclear strikes.

Russia fires what appears to be intercontinental ballistic missile at Ukraine, says Kyiv 

Wall Street's main stock indexes were mixed in choppy trading on Thursday as Alphabet weighed on the market, while investors also focussed on AI-heavyweight Nvidia's upbeat quarterly results and forecast.

Wall Street mixed after Nvidia results; Alphabet weighs

PDD Holdings Inc’s shares plunged after warning that its profitability will trend downwards over time because of intensifying competition in its home market of China.

PDD, which competes with Alibaba Group Holding Ltd, said its team was struggling to catch up with unspecified rivals because of a lack of expertise.

Temu-owner PDD’s shares dive after company warns of worsening profit

(Nov 21): Two Sigma Investments will dismiss roughly 200 employees after the firm’s new co-chief executive officers conducted a wide-ranging review of the hedge fund’s business.

No portfolio managers were included in the dismissals, according to a person familiar with the matter, who as...

Hedge fund Two Sigma cuts 200 staff after strategic review

Oil climbed more than 1% on Thursday after Russia and Ukraine launched missiles at each other, overshadowing the impact of a bigger-than-expected increase in US crude inventories.

Oil jumps as Russia-Ukraine missile exchange outweighs US crude stocks

FGV Bhd (KL:FGV), which is currently embroiled in a lawsuit over an alleged breach of a palm kernel shell supply agreement, has been directed by the High Court of Kuala Lumpur to file its statement of defence by Dec 4, 2024.

FGV directed to file defence against company's suit by Dec 4

Petronas Chemicals Group Bhd (KL:PCHEM) may be in for tougher days ahead following a massive paper loss that sent the company into the red for the first time ever and prompted analysts to cut their forecasts.

Petronas Chemicals' outlook gloomy, analysts warn amid mounting joint venture losses

IOI Properties Group Bhd (KL:IOIPG) has officially relaunched the Putrajaya Marriott Hotel in IOI Resort City last week after completing a RM100 million renovation.

Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from Feb 2023 till Nov 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa.

IOI Properties relaunches Putrajaya Marriott Hotel after RM100m renovation

Sime Darby Property Bhd (KL:SIMEPROP) is working urgently with authorities to help resolve the recurring flood incidents in Bandar Bukit Raja, said managing director Datuk Seri Azmir Merican.

Tackling floods in Bandar Bukit Raja a top priority, says Sime Darby Property

Globetronics Technology Bhd (KL:GTRONIC) has inked an agreement valued at RM145 million to provide integrated circuit (IC) product packaging, testing and backend services to Taiwan-based ChipMOS Technologies Inc.

Globetronics secures RM145 mil contract to provide assembly and test services to Taiwan’s ChipMOS

KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).&nbsp;

Mah Sing unveils M Aspira sales gallery in Taman Desa

Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.

Starbucks said to consider selling stake in Chinese business

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

Huawei aims to mass-produce newest AI chip in early 2025, despite US curbs

Sime Darby Property Bhd (KL:SIMEPROP) on Thursday said that the company is seeking more assets that would generate recurring income for the real estate developer.

Sime Darby Property seeks more assets generating recurring income

The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

Bestinet's contract extension for foreign worker system could cost govt at least RM3.2b — PAC

Shares of Adani Group companies lost about US$28 billion (RM125.3 billion) in market value in morning trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.

India's Adani Group sees US$30b in value wiped off after US indictments 

Northern Solar Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

All in all, the listing would offer investors up to a 26% stake in the company.

Northern Solar Holdings signs underwriting agreement with M&A Securities

EIGHTEEN months after its decision to abandon the single wholesale network (SWN) structure and transition to a dual 5G network, Malaysia sprang yet another surprise by selecting U Mobile Sdn Bhd, the third and smallest of the three bidders that qualified, for the coveted second 5G spectrum bid on...

Cover Story: Untangling the second 5G network puzzler 

KUALA LUMPUR (Nov 21): E-services provider MyEG Services Bhd’s (KL:MYEG) earnings are expected to continue to be boosted by contributions from its Zetrix-related applications, prompting an earnings upgrade from at least one analyst.&nbsp;

Zetrix-related services to continue to boost MyEG’s earnings — analysts

China has found gold reserves worth 600 billion yuan (US$82.9 billion or RM370.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.

China finds US$83b worth of gold reserves in Hunan 

Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that about 70% to 80% of the costs of his official trips to five countries over the past two weeks were paid by private companies.

Private firms paid up to 80% of costs for recent official trips abroad, Anwar tells Dewan Rakyat

THE award of the second 5G network to U Mobile on Nov 1 has kicked up a storm. Four bids were submitted, from CelcomDigi, Maxis, U Mobile and TM. Maxis, for instance, once widely seen as the frontrunner, is seeking to talk to the Malaysian Communications and Multimedia Commission (MCMC) on what e...

Cover Story: Will the second 5G network benefit Malaysians with lower prices and better service?

KUALA LUMPUR (Nov 21): Analysts have raised their earnings forecasts and target prices on Hap Seng Plantations Holdings Bhd (KL:HSPLANT), after the plantation group outperformed market expectations in its latest quarterly results.

Analysts raise forecasts after Hap Seng Plantations’ quarterly results beat expectations

The High Court here has ordered the Royal Malaysian Police (PDRM) to complete investigations on the death of Teoh Beng Hock within six months from Thursday.

Police given six months to complete probe into Beng Hock’s death

In his first global meetings since Donald Trump was reelected to lead the US, Chinese President Xi Jinping went on a diplomatic offensive, hedging against expected new tariffs and preparing to exploit potential future rifts between Washington and its allies.

Bracing for Trump tariffs, China's Xi makes diplomatic push at global summits

Sugar producer MSM Malaysia Holdings Bhd (KL:MSM) continued to record losses for the second consecutive quarter, after the group reported a RM49.75 million net loss for the third quarter ended Sept 30, 2024 (3QFY2024).

Hazel Vincent De Paul

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