This article first appeared in The Edge Financial Daily, on January 20, 2016.

 

KUALA LUMPUR: Palm oil prices are expected to rise between US$50 (RM218) and US$100 in the next five months due to shrinking stocks as consumption exceeds production, while growth in ...

‘Palm oil prices to rise US$50-US$100’ 

KUALA LUMPUR (Aug 17): After the 2% shock devaluation of the yuan last week that sent global markets into a frenzy, the Chinese currency may be adjusted further going forward, banking firm HSBC warned today.

The adjustment may or may not be in the form of direct changes to the reference...

Brace yourself for more yuan uncertainties, says HSBC

KUALA LUMPUR (Aug 11): Audit firm KPMG Malaysia has not received any update from the Public Accounts Committee (PAC) on its slated appearance before the Parliamentary body since PAC's investigation into 1Malaysia Development Bhd (1MDB) was temporarily suspended.

KPMG managing partner Da...

KPMG: No word from PAC on 1MDB investigations

KUALA LUMPUR (Apr 28): Icon Offshore Bhd has granted chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (COO) Rahman Yusof a six-month leave of absence to focus on assisting ongoing investigations by the Malaysian Anti-Corruption Commission (MACC).

In a filing with...

Icon Offshore CEO and COO granted leave of absence for six months

This article first appeared in The Edge Financial Daily, on August 22, 2016.

 

KUALA LUMPUR: Electronic payment solutions provider ManagePay Systems Bhd is bracing for a hard landing in the current financial year ending Dec 31, 2016 (FY16) brought on by ...

ManagePay braces for worst-ever revenue this year

This article first appeared in The Edge Financial Daily, on August 19, 2016.

 

KUALA LUMPUR: Sunsuria Bhd is tying up with Oride (M) Sdn Bhd to operate and manage a public bicycle-renting business, which it terms a bicycle-sharing programme, in its flags...

Sunsuria to set up bike-renting service in Sunsuria City

This article first appeared in The Edge Financial Daily, on August 19, 2016.

 

KUALA LUMPUR: Damansara Realty Bhd’s unit has clinched a RM124 million contract to cater food for employees working at the Rapid Temporary Executive Village and Rapid Temporary Managem...

Damansara Realty unit clinches RM124m catering job at Rapid

This article first appeared in The Edge Financial Daily, on August 19, 2016.

 

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has divested its 20% stake in Alliance Cosmetics Sdn Bhd to private equity firm Navis Capital Partners for RM61.8 million, generati...

Ekuinas completes stake sale of cosmetic firm for RM61.8m

This article first appeared in The Edge Financial Daily, on August 19, 2016.

 

KUALA LUMPUR: Alignments and station locations for the Kuala Lumpur-Singapore high-speed rail (HSR) project are yet to be finalised, except for the location of HSR Terminus in Kuala Lu...

Alignments, stations for KL-S’pore HSR yet to be finalised

KUALA LUMPUR (Aug 18): Marriott International Inc will continue to manage Renaissance Kuala Lumpur Hotel for another decade.

In a statement, IGB Corp Bhd said its executive director Tan Boon Lee and Marriott International asset management vice president Daphne Tan have inked a managemen...

Marriott to manage Renaissance KL for another 10 years

ISF Group Bhd (KL:ISF) has secured four contracts worth a combined RM83.23 million for a hyperscale data centre in Port Dickson, Negeri Sembilan, the largest amount it has announced to date.

ISF Group grows order book to RM225.5m with data centre contracts worth RM83.2m 

E5: Govt to reject new manufacturing licences premised on heavy foreign labour reliance.

Several Penang state assemblymen have called for a State Commission of Inquiry (SCI) to investigate the fatal landslide at Taman Seri Rambai, Paya Terubong last week.

Penang assemblymen call for inquiry into fatal landslide in Paya Terubong

Ahold Delhaize and Colruyt said on Monday that an IT incident overnight hit fridges and freezers in dozens of stores in Belgium and Luxembourg, while Swedish grocers ICA and Coop reported similar temperature spikes, with one store blaming a cyberattack.

European supermarkets hit by new fridge cyber attack

Estee Lauder Cos reported better-than-expected earnings and raised its outlook, the latest sign the beauty conglomerate’s turnaround effort is winning over consumers.

Estee Lauder raises outlook, buoyed by fragrance demand

Barisan Nasional (BN) has pledged to provide improved toilet facilities for 24 homes across four Orang Asli villages in Asahan if it retains the state seat in the upcoming Melaka election.

Melaka polls: BN promises better toilet facilities for Orang Asli in Asahan

Global manufacturing activity remained solid in October but factories are increasingly showing strain from rising energy costs while supply-chain disruptions squeezed margins, surveys showed on Monday.

Manufacturing solid but strain of energy costs, supply disruptions starts to show

Binance's customers have withdrawn almost US$5 billion (RM20.3 billion) from the world's biggest cryptocurrency exchange since it reopened after a hack that saw US$6.3 billion of crypto stolen from the platform in what could be the largest financial heist in history.

Binance says customers pulled net US$4.7b after hack as crypto world weighs risk

Signature Alliance Group Bhd (KL:SAG) said it has secured a RM51.56 million contract to undertake the redevelopment  of  the Underwater World Langkawi aquarium on the island.

Signature Alliance bags RM52 mil contract to redevelop Langkawi aquarium

Singapore has denied investigating a Chinese executive reportedly close to Nvidia chief Jensen Huang, rejecting claims made in a Wall Street Journal report that authorities were "concerned" about possible Chinese espionage.

Singapore denies probe into reported Chinese spy plot linked to Nvidia boss

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•&nbsp;&nbsp; &nbsp;JCorp and CVC, together with the EPF, are shareholders of the fast-food businesses through Massive Equity Sdn Bhd

•&nbsp;&nbsp; &nbsp;Massive Equity wholly owns...

JCorp, CVC said to eye exit from KFC and Pizza Hut

KUALA LUMPUR (Nov 2): The government will reject applications for new manufacturing licences that perpetuate heavy reliance on low-skilled foreign labour, according to Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Govt to reject new manufacturing licences premised on heavy foreign labour reliance — trade minister

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•&nbsp;&nbsp; &nbsp;Menara Tun Perak’s listed book value is around RM65.87 million. The building is currently on a 10-year triple-net lease deal with PNB, which generates a minimum rental in...

Menara Tun Perak, Maybank’s former KL headquarters, up for sale, sources say

Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.

BananaBro, Boat Noodle founder Tony Lim dies at 47 

RHB Bank Bhd's (KL:RHBBANK) dividend payout appears secure for the year with the fourth-largest bank by assets unfazed by rising bond yields, an analyst said on Monday.

RHB Bank’s dividends intact, not swayed by rising bond yields — analyst

KUALA LUMPUR (Nov 2): Lawmakers have called for reforms to the Malaysian Anti-Corruption Commission (MACC) Act 2009 and urged the government to make the findings of investigations involving former MACC chief commissioner Tan Sri Azam Baki public to prevent future abuse of power.

Lawmakers urge MACC reforms, renew call for public release of Azam Baki probe findings

PETRONAS has signed farm-out agreements with French energy giant TotalEnergies and national oil companies of Kuwait and Thailand for two gas fields offshore Sarawak.

PETRONAS signs farm-out agreements for fields offshore Sarawak

Ray-Ban heir Leonardo Maria Del Vecchio proposed buying out his family members from their shared investment vehicle, in a bid to keep the EssilorLuxottica SA eyewear fortune from Czech arms billionare Michal Strnad.

Ray-Ban heir proposes family buyout after €31 bil Czech bid

The mass exit of Zetrix AI Bhd’s (KL:ZETRIX) three independent directors last week marks the total departure of all four of the group’s independent directors in less than three weeks, leaving behind only three executive directors on its once seven-member board.

Frankly Speaking: An exodus that leaves Zetrix without independent oversight

The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.

High Court dismisses Negeri Sembilan excos objection against private lawyers representing state govt, state secretary   

The Sabah portion of the Pan Borneo Highway (PBH) will go down in the Malaysian record books as one of the costliest road infrastructure projects in the region.

Frankly Speaking: The mind-boggling cost of Sabah’s Pan Borneo Highway

CTOS Digital Bhd (KL:CTOS) said on Monday that all credit reporting services affected by a cybersecurity breach have been restored following the implementation of remediation measures and enhanced security controls.

CTOS fully restores services following cybersecurity breach

KUALA LUMPUR (Nov 2): Pekat Group Bhd (KL:PEKAT) is acquiring six adjoining freehold industrial plots in Nilai, Negeri Sembilan, from Sime Darby Property Bhd (KL:SIMEPROP) for RM30.58 million.

Pekat buys six industrial land plots in Nilai from Sime Darby Property for RM31 mil

Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain returned to work on Monday after taking a week’s leave following his court charge over allegations of assaulting two junior officers.

Border Control DG Shuhaily returns to duty

The Malaysian passport renewal service through the MyOnline passport system will offer a choice of five- or 10-year validity periods starting from Monday.

Five- and 10-year passport renewal options available from Monday via MyOnline system

The Penang government has received no fresh request from Consortium Zenith Construction Sdn Bhd (CZC) to reauction a six-acre (2.42-hectare) plot of land near Gurney Drive after an earlier auction failed to attract bidders.

CZC no longer cash-strapped, no request for reauction of land near Gurney Drive, says Penang CM

Malaysia's strong export performance and foreign direct investment (FDI) inflows may not translate into equivalent gains for the ringgit, as profit repatriation by multinational companies and growing investments abroad offset some of the benefits, according to HSBC Malaysia.

Profit repatriation, AI investment risks could limit ringgit gains — HSBC

CelcomDigi Bhd’s (KL:CDB) core earnings for the financial year ending Dec 31, 2026 (FY2026) to FY2028 are expected to take a small hit, between 1% to 4%, following an assignment to boost its network capacity and coverage, according to CIMB Securities.

CIMB Securities trims CelcomDigi’s FY2026-FY2028 earnings forecasts on spectrum cost

KUALA LUMPUR (Nov 2): Malaysia Aviation Group (MAG) is actively advancing key strategic projects to build capacity and accelerate commercial expansion.

Malaysia Aviation Group advances strategic projects to drive commercial expansion

HSBC expects the ringgit to weaken in 2027, as a resilient greenback and widening interest rate differentials weigh on the local currency.

Meena Lakshana

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