MOHAMMAD Ashraf Md Radzi, the chief executive of Lembaga Tabung Angkatan Tentera (LTAT), sees Pharmaniaga Bhd (KL:PHARMA) as one of the few gems the pension fund has in its stable.

LTAT owns a 54.9% stake in the company, with some 47.12% of it held via Boustead Holdings Bhd. The maker o...

Cover Story: Healing old wounds and growing new income streams at Pharmaniaga

WHAT comes to mind when you hear “Lembaga Tabung Angkatan Tentera”?

Some may view the Armed Forces Fund Board (LTAT) as a retirement fund akin to the Employees Provident Fund (EPF) but one that’s bespoke for the Malaysian armed forces. While not entirely incorrect, this school of though...

Cover Story: LTAT: A retirement fund like no other in Malaysia

SHORTLY before Hari Raya Aidilfitri, Lembaga Tabung Angkatan Tentera (LTAT) announced a dividend of 5.25% for 2024 — the highest it has paid out in seven years. The total distribution of RM514.2 million made up 87.5% of the armed forces fund’s net profit for the year.

While the dividend...

Cover Story: LTAT moves forward despite challenges

MALAYSIA imposed a movement control order (MCO), or Perintah Kawalan Pergerakan, on March 18, 2020 — a week after the World Health Organization declared the Covid-19 outbreak a global pandemic. The measure was taken to curb the spread of the SARS-CoV-2 virus that causes Covid-19.

Initia...

Special Report: Covid-19 pandemic and lockdowns: 5 years on

DESPITE the difficulties some Malaysian companies have faced in the continent, Bidco Africa chairman Vimal Shah believes Malaysian palm oil players should consider expanding in Africa, given the scarcity of land for oil palm planting Malaysia, where the cap on the land allotted for the crop has b...

Revisiting Africa as an option for Malaysian oil palm expansion

DOWNSTREAM steel products manufacturer Colform Group Bhd, (KL:COLFORM) which is debuting on Bursa Malaysia’s ACE Market on Monday, Feb 10, joins the growing list of Sabah-based companies listing on the local bourse.

Last year, companies from Sabah that were listed on the local bourse in...

IPO Watch: Another Sabah-based company Colform debuts on Bursa Malaysia

TWO months after Johor Plantations Group Bhd’s (KL:JPG) debut on the Main Market of Bursa Malaysia in July, it issued the first sustainability-linked sukuk wakalah by a plantation company, with a total nominal value of RM1.35 billion from its RM3 billion sukuk wakalah programme (a combination of ...

Deals Of 2024: Best Fund Raising (Non-IPO) - Johor Plantations’ RM1.35 bil sustainability-linked sukuk wakalah marks industry milestone

OF the 55 initial public offerings (IPOs) on Bursa Malaysia this year, only 11 were listed on the Main Market. Of these, one stood out as the largest IPO on the local bourse in the last seven years and also the biggest retail IPO in Asean since 2020.

The bragging rights belonged to 99 S...

Deals Of 2024: Best Initial Public Offering | Main Market - 99 Speed Mart becomes FBM KLCI constituent after robust growth in market value

THE Malaysian Palm Oil Board (MPOB), a government agency under the Ministry of Plantation and Commodities, is entrusted to promote and develop national objectives, policies and priorities for the health of the country’s palm oil sector. The Edge recently asked MPOB’s director-general Datuk Dr Ahm...

MPOB on future-proofing palm oil

THE palm oil industry, which generates export earnings of about RM100 billion annually, has been the backbone of Malaysia’s economy for the last 50-odd years. In recent years, it has been overshadowed by developments in other sectors such as electrical and electronics,...

Cover Story 1: A survey of the palm oil sector

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 threatens 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

Wall Street's main indexes recovered some ground on Tuesday as investors focused on corporate earnings after President Donald Trump's mounting criticism of Federal Reserve chair Jerome Powell led to a sharp sell-off in the previous session.

Wall Street bounces back after sell-off as investors focus on earnings

West River Bhd, slated for listing on the ACE Market of Bursa Malaysia on May 5, saw 0.26 times oversubscription for the public portion of its new shares in its initial public offering.

West River’s IPO oversubscribed by 0.26 times

Germany’s short-dated bonds jumped as investors sought havens in Europe due to US President Donald Trump’s combative stance toward the Federal Reserve.

US short-term yields climb with treasury auctions set to begin

Chinese Foreign Minister Wang Yi on Tuesday urged Britain and the European Union to safeguard multilateral trading systems, as Beijing seeks to rally support from trading partners to counter US tariff measures.

China urges UK and EU to uphold multilateral trade in face of US tariffs

Sarawak Consolidated Industries Bhd (KL:SCIB) has withdrawn one of its legal claims against housing developer Awana JV Suria Saga Sdn Bhd over the termination of a housing project for civil servants in Perak's Muallim district.

SCIB drops RM19.8 mil claim against developer over scrapped Perak housing project

Brazil and Argentina are emerging as early winners in the global trade war that’s upending agricultural markets.

From meat to grains, trade war is boon to Brazil, Argentina

Economic gains from artificial intelligence will boost global output by around 0.5% a year between 2025 and 2030, outweighing the costs of rising carbon emissions by the data centres needed to run AI models, the International Monetary Fund said on Tuesday.

AI economic gains likely to outweigh emissions cost, says IMF

US President Donald Trump’s policy shocks are tilting risk sentiment in favour of emerging-market equities, leading to their biggest outperformance in 16 years over US stocks as investors focus on local growth and earnings.

EM stocks extend lead over S&P 500 as Trump rattles US markets

KUALA LUMPUR (April 22): AmBank (M) Bhd&nbsp;is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho (Jho Low), to recover a housing loan of RM1.018 million.

AmBank seeks to auction off property of Jho Low’s former aide Kee over RM1m loan

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

KUALA LUMPUR (April 22): Malaysia’s ports-and-logistics sector could be hit by a sharp decline in global order volumes amid uncertainty over international trade, Maybank Investment Bank (Maybank IB) said in cutting the industry outlook.&nbsp;

Maybank IB turns neutral on Malaysia’s ports-and-logistics sector because of tariff uncertainties, despite signs of near-term front-loading by exporters

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

Inari Amertron Bhd (KL:INARI) is still in the early stages of its earnings downgrade cycle, even after the recent plunge in its share price, but investors should consider taking positions now, an analyst&nbsp;said on Tuesday.

Inari's earnings outlook still under risk; HLIB advises 'buy' before turnaround

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

KUALA LUMPUR (April 22): Demand for palm oil from top buyers China and India may rise from restocking ahead of summer and ongoing discount against soybean oil, the Malaysian Palm Oil Council (MPOC) said on Tuesday.

Palm oil demand from China, India may rise in next two months, support prices — MPOC

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

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.

The European Commission (EC) has been urged to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in order to promote greater acceptance of the European Union Deforestation Regulation (EUDR).

European Commission urged to recognise Malaysian Sustainable Palm Oil certification to enhance compliance with EU Deforestation Regulation

(April 21):&nbsp;Air India Ltd&nbsp;is looking to take Boeing Co&nbsp;planes rejected by Chinese carriers, people familiar with the matter said, joining the ranks of Asian airlines vying to benefit from the trade war between Washington and Beijing.

Air India keen to take Boeing jets refused by China airlines — Bloomberg

The High Court on Tuesday granted leave (permission) to Toh Puan Na'imah Abdul Khalid to challenge a RM313.82 million additional tax imposed on her by the Inland Revenue Board (IRB).

High Court allows Na'imah to challenge RM313.8m tax bill through judicial review

Nomura Holdings Inc&nbsp;agreed to purchase Macquarie Group Ltd’s US and European public asset management business for US$1.8 billion (RM7.9 billion), marking the Japanese brokerage’s most significant overseas acquisition since it bought Lehman Brothers assets in 2008.&nbsp;

Nomura’s biggest deal since Lehman forms unit with US$770b in assets under management

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

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

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

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

US President Donald Trump’s policy shocks are tilting risk sentiment in favour of emerging-market equities, leading to their biggest outperformance in 16 years over US stocks as investors focus on local growth and earnings.

Jenny Ng

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