MALAYSIA’s push towards digitalisation is drawing keen interest from global tech giants, with Amazon Web Services Inc (AWS), Microsoft Corp, Google and Oracle Corp committing a combined investment of US$16.9 billion (RM75 billion) through to 2038.

These investments reflect Malaysia’s po...

Oracle: US$6.5 bil investment in Malaysia ‘more than a data centre’

SDS Group Bhd (KL:SDS), a Johor-based manufacturer and retailer of bakery products, is on a roll with its financial performance.

Buoyed by a steady expansion of its retail outlets and wholesale distribution network, the homegrown confectionary specialist’s net profit has grown steadily ...

SDS Group rolls out record profits

THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.

At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

MEGA Fortris Bhd (KL:MEGAFB), a security seals specialist that is scheduled to list on the Main Market of Bursa Malaysia on Monday (Nov 11), is moving forward with two major expansion plans. The group plans to put up a new plant in the UK to enhance its support of e-commerce giant Amazon.com Inc ...

IPO Watch: Mega Fortris to seal business opportunities with UK, Macau ventures

With the US presidential election around the corner, Rakuten Trade chief executive officer Kazumasa Mise opined that the race between Donald Trump and Kamala Harris could shape the outlook for major sectors on Wall Street.

US election could trigger major sectoral shifts on Wall Street, says Rakuten Trade CEO

MBI Group, founded by Tedy Teow Wooi Huat 15 years ago, was initially presented as a legitimate “members-only” investment programme and loyalty scheme promising investors exceptionally high returns. Unfortunately, it turned out to be a money game, allegedly involving fraud, scams and operating as...

Cover Story: 400 Chinese investors demand RM170 mil in class action against MBI

BUDGET 2025 has sparked mixed reactions within the country’s semiconductor sector, with some industry leaders hailing the initiatives as a significant step forward, while others say they lack the depth and focus needed to truly elevate Malaysia to the status of a global semiconductor hub.

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Cover Story: 'Best budget ever’ or a major let-down for the semiconductor industry?

THE acronym MBI if spelt backwards is IBM, the US-based computer main frame technology company with a global reach.

Tedy Teow Wooi Huat, the prime figure behind the disgraced MBI, wanted a global reach similar to IBM. In his talks to members, he would always drive home the point why the...

Cover Story: Picking up the pieces from MBI’s collapse

Sunsuria Bhd (KL:SUNSURIA) has launched Concord College International School Malaysia (CCIS) in Sunsuria City, Sepang, Selangor.

Sunsuria unveils Concord College International School Malaysia

HOVID Bhd’s flagship Ho Yan Hor tea may help cool the body and soothe “heatiness”, but it appears the temperature is rising in the boardroom of the Ipoh-based pharmaceutical company.

A tussle is brewing between two major shareholders — Hovid managing director and chairman David Ho Sue S...

Shareholder fight brewing at herbal tea purveyor Hovid

Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter.

Intel evaluating outsiders for CEO role, including Malaysia-born Lip-Bu Tan — Reuters

KUALA LUMPUR (Dec 4): A total of 13% of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

MOF: 13% of AKPK borrowers fully settled RM3.2b debt

KUALA LUMPUR (Dec 4): theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Two stocks showed positive momentum, while four stocks showed negative momentum.

Stocks with momentum on Dec 4, 2024: Homeritz, Magni-Tech, Privasia, Reservoir Link, TH Plantations and Top Glove

Former prime minister Datuk Seri Najib Razak said that Datuk Shahrol Azral Ibrahim Halmi should be facing criminal charges like he is, instead of being the star prosecution witness in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, as Shahrol, as the then chief executive officer of 1MDB, was the one who took steps to transfer US$700 million in 1MDB funds to a sham entity.

Najib: Shahrol, too, should be in the dock for 1MDB-Tanore

IN September, Ekuiti Nasional Bhd (Ekuinas) finally received all the necessary approvals to start providing private credit (PC) to companies, almost a year after talks surfaced that the state-owned private equity firm was exploring other programmes on top of its private equity (PE) mandate.
...

Ekuinas eyes first private credit disbursement by the end of the year

Tiffany & Co. heralds Christmas in style

South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later, triggering a political crisis in Asia's fourth-largest economy.

The surprise declaration late on Tuesday ignited a standoff with parliament which rejected his attempt to ban political activity and censor the media, as armed troops forced their way into the National Assembly building in Seoul.

South Korean president faces impeachment calls after martial law debacle

The Kuala Lumpur International Airport (KLIA) has been ranked first among 355 airports in the Airport Service Quality (ASQ) global performance rankings.

KLIA tops Airports Council International's rankings for service quality

During a whirlwind few hours in South Korean politics, President Yoon Suk Yeol placed the country under martial law on Dec 3, 2024, only to lift it just a short while later.

It marked the first time that a South Korean leader has imposed the emergency power since 1979. And although short-lived, the measure provoked concerns of the country backsliding into authoritarian rule.

What short-lived martial law says about South Korean democracy and the position of President Yoon

The Sexual Offences Against Children and Evidence of Child Witnesses (SOAC & ECWA) Advocacy Group has demanded the immediate withdrawal or postponement of the proposed amendments to the Communications and Multimedia Act (CMA), arguing that the current draft “misses the mark” in protecting children.

In a statement on Wednesday, the group flagged that “we are unable to support the CMA amendments tabled by the government, and we urge MPs to push for a postponement of the debate on the bill, or a withdrawal of the bill, so that thorough consultation can be conducted and improvements can be made to the bill”.

Child rights group slams multimedia law amendments for failing to protect children

South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later, triggering a political crisis in Asia's fourth-largest economy.

The surprise declaration late on Tuesday ignited a standoff with parliament which rejected his attempt to ban political activity and censor the media, as armed troops forced their way into the National Assembly building in Seoul.

Shares of Pentamaster Corporation Bhd (KL:PENTA) shot up as much as 22.6% to RM4.23 — a three-month&nbsp;high — after its 63.9%-owned subsidiary Pentamaster International Ltd voluntarily suspended trading of its shares on the Hong Kong Stock Exchange.&nbsp;

Pentamaster shares jump 23% on trading halt of HK unit

A Singaporean couple wanted in connection with a corruption case in Singapore, and who had been on the run for 19 years, were arrested by the Malaysian Anti-Corruption Commission (MACC) on Tuesday.

MACC arrests Singaporean couple who spent 19 years on the run

KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim announced that the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement on Dec 9 this year, has been postponed to January 2025.

PM: Signing of Johor SEZ agreement with Singapore likely postponed to January next year

KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion transaction involving a&nbsp;listed company in the 1990s, according to a statement&nbsp;released by the tycoon to the media on Wednesday.

Halim Saad says he has been cleared by MACC concerning RM2.3b transaction probe from over two decades ago

In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.

Rise of the family office

The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.

Construction sector on track for best year since 2016 — RHB

South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;

South Korea’s whirlwind stint in martial law jolts markets

Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.

JF Tech shares break out from four-year lows on US sales prospects

Asian equities stumbled on Wednesday, while currencies were volatile, as traders scrambled to contend with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later.

Asian stocks slip, rattled by South Korean political unrest

Jailed former prime minister Datuk Seri Najib Razak denied on Wednesday he had any personal interests in the PetroSaudi International Ltd (PSI) joint venture (JV), maintaining that what was done in 2009 was for national interests.

Najib: I don’t have personal interests in PSI deals, quizzed Bakke and board over opening of JV account before approval

Former prime minister Datuk Seri Najib Razak has denied ever telling then second finance minister Datuk Seri Ahmad Husni Hanadzlah to “not interfere” in matters of 1Malaysia Development Bhd (1MDB), refuting Husni’s claims that he had advised Najib against a US$1 billion joint venture (JV) with PetroSaudi International (PSI).

1MDB-Tanore: Najib expresses disappointment in former second finance minister Husni's testimony against him

Analysts are looking past VS Industry Bhd’s (KL:VS) weak first-quarter results, amid expectations of new sales orders, on top of the RM1.2 billion worth of orders at hand currently.

Analysts look past VS Industry’s 1Q miss on optimism towards new orders

KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.

Magni-Tech shares jump in early trade on special dividends after 2Q came within expectations

KUALA LUMPUR (Dec 4): Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer (CEO) Pete Chareonwongsak.&nbsp;

Capital A’s Teleport foresees record top line in FY2024 as daily parcels volume doubles from 1H

Mitsubishi Corp&nbsp;has suffered a loss of more than US$90 million (RM402.10 million) in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter.

Mitsubishi Corp lost US$90m in suspected copper fraud in China — Bloomberg

KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.

1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims&nbsp;to produce 500 units per month of an electric vehicle (EV) called eMO-II starting next year.

Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV

Malaysians residing in or visiting South Korea are advised to exercise caution, and stay informed by adhering to any guidance issued by local authorities, said the Foreign Ministry.

M'sians in S Korea advised to exercise caution, register presence via e-Konsular, despite lifting of martial law

We refer to the Bill to amend the Communications and Multimedia Act 1998 that was tabled for a first reading in the Dewan Rakyat on Monday.

New amendments to Communications and Multimedia Act a backdoor attempt to legislate fake news law, utter betrayal of promise to repeal — Lawyers for Liberty

Liew Jia Teng

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Liew Jia Teng

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