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

Cheeding Holdings Bhd, the utilities engineering solutions provider, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to repay bank borrowings, raise capital for capital expenditure and to be used for performance bonds for future projects.

Cheeding Holdings files draft prospectus for ACE Market listing

Logistics service provider Xin Hwa Holdings Bhd's (KL:XINHWA) cargo transport unit has resumed normal operations after the suspension of its goods vehicle operator licence, which was in place for over two months since November last year, was lifted.  

The company’s wholly owned Xin Hwa Trading & Transport Sdn Bhd (XHTT) is now fully operational under its reinstated licence, Xin Hwa said in a filing with Bursa Malaysia on Monday.

Xin Hwa’s cargo transport unit resumes ops after two-month suspension

A1 AK Koh Group Bhd, the Johor-based processed food and beverage (F&B) manufacturer best known for its premix soup spices or meat ribs soup, is looking to raise fresh capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Premix soup maker A1 AK Koh Group files draft prospectus for ACE Market listing

Solarvest Holdings Bhd (KL:SLVEST)  is acquiring three plots of land in Kedah for RM19.99 million cash to secure strategic land for renewable energy asset development projects.

The solar photovoltaic provider's subsidiary Atlantic Blue Sdn Bhd has entered into two separate sale and purchase agreements with Aziho Trading Sdn Bhd to purchase the plots measuring 48.86ha in total in Mukim Gurun in Kuala Muda.

Solarvest buys land for RE projects in Kedah for RM19.9 mil

BENGALURU (Jan 13): India's Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country's nascent private space sector, Pixxel's chief told Reuters.

The satellites will be pla...

Pixxel to launch India’s first private satellite network, eyes US$19 bil market

Apex Equity Holdings Bhd (KL:APEX) said its executive chairman, Datuk Wira Farhash Wafa Salvador, is seeking a court order to get the company to replace its memorandum and articles of association (M&A) with a new constitution, to comply with Bursa Malaysia's listing requirements.

Farshah said the lawsuit at the High Court is brought in the best interest of Apex, according to the stockbroker and property developer in an exchange filing on Monday.

Apex Equity chairman Farhash Wafa seeks court order to get company to amend constitution

YTL Power International Bhd (KL:YTLPOWR), which is in the midst of setting up its own artificial intelligence (AI) data centres using the latest chips by US chip giant Nvidia Corp, does not expect to be impacted by the proposed US rules on advanced chip exports into countries like Malaysia.

YTL Power ‘confident’ not affected by US chip export curbs amid Nvidia partnership

Guan Chong Bhd (KL:GCB), the fourth largest cocoa grinder in the world, has signed an agreement to acquire a 25% stake in Ivory Coast-based cocoa manufacturing outfit Transcao Côte d'Ivoire (Transcao CI) for €28.08 million (RM130.1 million) cash.

Guan Chong firms deal to acquire stake in Ivory Coast cocoa firm for RM130 mil cash

MNRB Holdings Bhd (KL:MNRB), a provider of reinsurance, retakaful and takaful services, has appointed Wan Ahmad Najib Wan Ahmad Lotfi as the president and chief executive officer of its family takaful subsidiary, effective from Tuesday (Jan 14).

MNRB names Wan Ahmad Najib as president, CEO of family takaful subsidiary

Sapura Energy Bhd (KL:SAPNRG), which has been in Practice Note 17 (PN17) status since end-May 2022, is a step closer to revive its financial health. 

The oil & gas (O&G) giant said it has secured approval-in-principle from at least 75% of its financiers for the proposed restructuring of its multi-currency financing facilities.

Sapura Energy secures second approval-in-principle for debt restructuring exercise

Prospect Medical Holdings Inc, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Private hospital owner Prospect Medical files for bankruptcy

Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit (LRT) project.

Gamuda gets first package worth over RM8 bil of Penang LRT project

Malaysian stocks were broadly lower on Monday led by construction and property companies, while the country’s benchmark index fell to a five-month low.

Investors in Asia reacted poorly to the latest jobs data in the US that pointed to a robust economy, threatening the prospects of rate cuts by the Federal Reserve. The ringgit also depreciated along with other emerging Asian currencies under pressure from a strengthening US dollar.

Malaysian stocks broadly lower as KLCI falls to five-month low, ringgit weakens

City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).

City Motors Group officially opens Alfa Bangsar and Holiday Inn Kuala Lumpur Bangsar

The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.

Govt wants gag order on addendum

CAPE EMS Bhd (KL:CEB), which started its Bursa Malaysia journey on a high note in 2023, has found itself in the midst of a corporate storm this year.

A sequence of financial missteps, margin calls and declining investor confidence has left the electronics manufacturing services (EMS) pr...

Turkeys Of The Year: Cape EMS’ dramatic fall from grace

Europe’s largest pension fund sold its entire €571 million (US$585 million or RM2.63 billion) stake in Tesla Inc&nbsp;in the third quarter, partly due to disagreement with Elon Musk’s remuneration package.

Europe’s largest pension fund sold Tesla stake over Musk’s pay

The Joe Biden administration's plans to introduce new export restrictions on artificial intelligence (AI) chips under a three-tiered system by country have sparked concerns in Malaysia.

How will restricted AI chip access impact Malaysia?

Allianz Malaysia Bhd’s (KL:ALLIANZ) earnings outlook is clouded by uncertainties over future premium increases, Maybank Investment Bank said and downgraded the country’s largest general insurer.

Allianz Malaysia's earnings outlook clouded by premium uncertainties, Maybank says in downgrade to 'hold'

KUALA LUMPUR (Jan 13): Rising production and delays in implementing biodiesel mandates in Indonesia may weaken palm oil prices beyond the first quarter of 2025, even as latest data show a 19-month low stockpile, analysts say.

Rising production, Indonesia’s biodiesel delays likely to weaken CPO prices — analysts

KUALA LUMPUR (Jan 13): Tun Dr Mahathir Mohamad failed in his judicial review application to challenge the Pulau Batu Puteh Royal Commission of Inquiry’s decision not to allow the presence of his lawyers during the proceedings.

Court dismisses Dr M’s bid to challenge decision to not allow his lawyers to be at Batu Puteh RCI

Bursa Malaysia Bhd (KL:BURSA) has introduced a new renewable energy (RE) subsector within its energy and utilities sector classification. This move aims to provide more focused classification for public listed companies (PLCs) operating in the RE space.

The new RE classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources.&nbsp;

Bursa reclassifies 13 companies as it introduces new renewable energy subsector

Local institutions supported Bursa Malaysia for the 12th consecutive week, with net purchases of RM281.9 million, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 12th straight week

KUALA LUMPUR (Jan 13): Former prime minister Datuk Seri Najib Razak said that he returned the purported Arab donation, because the 13th general elections were over and he didn’t need a large sum of money.

1MDB-Tanore: Najib says GE13 over, no need for such large sum, returned monies

Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed.

Malaysia's wholesale and retail trade growth slows in November, official data show

Eden Inc Bhd (KL:EDEN) said on Monday that it has been selected to develop a 29.99-megawatt (MW) large-scale solar photovoltaic plant in Gebeng, Kuantan.

Eden picked to develop 29.99MW solar plant in Kuantan

Former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy told the High Court on Monday that there was no merit to the allegations made by his former company, that he had failed to inquire, investigate or ascertain, and recover the investments the company had lost.

Testifying in his defence to 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general and former 1MDB board of advisors chairman Tan Sri Mohd Irwan Serigar Abdullah, before judge Datuk Raja Ahmad Mohzanuddin Raja Mohzan, Arul Kanda also disagreed that he had acted against 1MDB’s interests.

Arul Kanda: 1MDB loss inquiry was not my job

Al-Salam Real Estate Investment Trust (KL:ALSREIT) will see “significant” rental growth from this year onwards thanks to higher occupancy at its most valuable property, BIMB Securities said.

Al-Salam REIT to see significant rental growth in 2025 onwards, BIMB says in starting coverage with 'buy' call

The Malaysian ringgit could face downward pressure due to the possibility of new US tariffs on China and uncertainties over the direction of the US Federal Reserve's (Fed) terminal rate, economists cautioned.

US interest rate cut uncertainty, China tariffs pose risks to ringgit — economists

Thailand’s Cabinet approved in principle a bill seeking to legalise casinos, with the government pitching the initiative as a major step to boost tourism and tackle rampant illegal gambling in the Southeast Asian nation.

Hazel Vincent De Paul

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