Yet another feather in United Plantations Bhd’s (UP) hat. The Perak-based planter has won The Edge Billion Ringgit Club (BRC) 2023 corporate award for the highest return on equity (ROE) over three years in the plantation sector. This is the fifth BRC award that the company has won over the years. It bagged two CR Awards as well in 2013 and 2016.

HIGHEST RETURN ON EQUITY OVER THREE YEARS: PLANTATION: United Plantations Bhd - Three consecutive years of record profits

KUALA LUMPUR (Sept 29): Bank Negara Malaysia expects the country’s export growth to remain in contraction in the near term, albeit at a milder pace as downside risks remain, stemming from weaker external demand.

BNM: Exports to continue to contract in near term

KUALA LUMPUR (Sept 28): Tenaga Nasional Bhd (TNB) plans to generate a total of 3,000 megawatts (MW) of renewable energy by 2040, within the ambit of its National Energy Transition Roadmap (NETR) flagship projects.

TNB to generate 3,000MW renewable energy by 2040

Hong Leong Investment Bank (HLIB) Research said it is neutral on VS Industry Bhd (VSI)’s additional 11% stake acquisition in HT Press Work Sdn Bhd (HTPW) for RM2.6 million, as it will take a while for this to have meaningful contributions.

HLIB neutral on VS Industry's 11% stake acquisition in HT Press Work and flattish overall orders

Targeted fuel subsidies could hit the middle-income group (M40s) the hardest, as the top 20% income earners (T20) will be better able to absorb the higher fuel costs while the bottom 40% households (B40) will be eligible for handouts to buffer the resulting higher inflation, said an analyst and economist.

Targeted fuel subsidy could squeeze M40s hardest, say experts

theedgemalaysia.com highlighted two stocks with positive momentum and seven stocks with negative momentum during Bursa Malaysia’s afternoon session on Wednesday.

Ocean Vantage, Sealink, Catcha, Swift Haulage, Spring Art, Puncak Niaga, United U-Li, SWS Capital, Formosa Prosonic

KUALA LUMPUR (Sept 27): The Joint Committee on Climate Change (JC3) said there needs to be improvements towards more consistent and credible reporting by financial institutions under the Climate Change and Principle-based Taxonomy (CCPT).

Joint committee encourages financial institutions on consistent reporting under Climate Change and Principle-based Taxonomy

PublicInvest Research has derived a fair value of 28 sen for ACE market-bound SSF Home Group Bhd, which is slated to be listed on Oct 10, based on a 12 times price-earnings multiple to its financial year 2025 (FY2025) earnings per share forecast of 2.3 sen.

ACE market-bound SSF Home seen expanding retail outlets post-listing

Poh Kong Holdings Bhd’s net profit plummeted 83.3% to RM4.98 million or 1.21 sen per share in the fourth quarter ended July 31, 2023 (4QFY2023), from RM29.84 million or 7.27 sen per share a year ago, due to a fall in sales volume and increased operating expenses.

Poh Kong 4Q net profit down 83% on lower demand, high operating expenses 

Foreign appetite for emerging markets including Malaysia is expected to remain strong for the remainder of the year as investors are looking to diversify funds in light of the widening risk-reward ratio on Wall Street as another Federal Reserve rate hike looms.

Cheaper valuation of emerging market stocks set to attract strong foreign investment, says Rakuten Trade

Barisan Nasional (BN) successfully retained the Ayer Kuning state seat in the by-election on Saturday, after its candidate, Dr Mohamad Yusri Bakir, secured victory in a three-cornered fight with a 5,006-vote majority.

BN retains Ayer Kuning state seat as Ustaz Yusri secures victory with 5,006-vote majority

Ukrainian President Volodymyr Zelenskiy hailed the potential for “reliable and lasting peace” after speaking with US President Donald Trump at the Vatican.

Trump, after talks with Zelenskiy, says Putin may face banking or secondary sanctions

Singapore has ordered Facebook parent Meta to block Singaporeans' access to posts made by three foreigners accused of trying to influence a national election early next month on racial and religious lines.

Singapore orders Meta to block posts by Malaysian PAS politicians under new election rules

The European Central Bank (ECB) may have to lower interest rates further, as US tariffs weigh on economic growth and inflation continues to slow, according to Governing Council member Gediminas Simkus.

ECB’s Simkus says two more cuts possible as trade hurts economy

Billionaire hedge fund manager Bill Ackman said China will need to strike a trade deal with the US quickly as it can’t win a drawn-out trade war that will do severe damage to its economy.

Billionaire Ackman says time is friend of US, enemy of China in trade war

The Kuala Lumpur Traffic Investigation and Enforcement Department (JSPT) will implement road closures and diversions on several routes, in conjunction with the 2025 Kuala Lumpur OCBC Cycle, starting from 6am on Sunday.

Road closures, diversions for KL OCBC Cycle from 6am on Sunday

The chief executives of UK banks HSBC Holdings, Lloyds Banking Group, NatWest Group and Santander UK have written to Finance Minister Rachel Reeves asking her to abolish bank ring-fencing, Sky News reported on Saturday.

Top British bank chiefs urge finance minister to scrap ring-fencing in letter

North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multipurpose destroyer", state media KCNA reported on Saturday.

North Korea unveils new 'Kim Jong Un style' 5,000-tonne warship

EDGE WEEKLY: Taking flight

PKR vice-president Nik Nazmi Nik Ahmad confirmed he had sent a protest letter to the party’s Central Election Committee (JPP) regarding several issues related to the Setiawangsa division head election results.

Nik Nazmi sends protest letter to PKR committee over Setiawangsa divisional election results

Reference is made to the publication in The Edge of an article entitled “Maybank CFO’s sacking-the allegations and rebuttals” of April 28, 2025.

Maybank: Information in The Edge article on CFO dismissal incomplete

Ukrainian President Volodymyr Zelenskiy hailed the potential for “reliable and lasting peace” after speaking with US President Donald Trump at the Vatican.

Singapore has ordered Facebook parent Meta to block Singaporeans' access to posts made by three foreigners accused of trying to influence a national election early next month on racial and religious lines.

Citadel founder Ken Griffin extended his&nbsp;criticism&nbsp;of the Trump administration’s trade policy, saying that tariffs won’t bring back American manufacturing jobs the way that the US president anticipates, and the country should play to its strengths instead.&nbsp;

Citadel founder criticises Trump tariffs: 'These jobs are not coming back’ 

Billionaire hedge fund manager Bill Ackman said China will need to strike a trade deal with the US quickly as it can’t win a drawn-out trade war that will do severe damage to its economy.&nbsp;

Elon Musk’s xAI Holdings is in talks with investors to raise roughly US$20 billion (RM87.48 billion) in funding for his newly combined artificial intelligence (AI) start-up and social media business, according to people familiar with the matter.&nbsp;

Musk’s xAI Holdings in talks to raise US$20b, Bloomberg reports

The Kuala Lumpur Traffic Investigation and Enforcement Department (JSPT) will implement road closures and diversions on several routes, in conjunction with the 2025 Kuala Lumpur OCBC Cycle, starting from 6am on Sunday.

Royalty, presidents, prime ministers and a legion of faithful arrived in St&nbsp;Peter's Square on Saturday to pay their last respects to&nbsp;Pope&nbsp;Francis&nbsp;at a&nbsp;funeral mass&nbsp;to honour his sometimes turbulent papacy.

Royalty and presidents join multitude of mourners at Pope Francis' funeral

PKR vice-president Nik Nazmi Nik Ahmad confirmed he had sent a&nbsp;protest letter to the party’s&nbsp;Central Election Committee (JPP) regarding several issues related to the Setiawangsa division head&nbsp;election results.

Google is the only company that can offer the level of features and functionality that its popular Chrome web browser has today, given its “interdependencies” on other parts of the Alphabet Inc&nbsp;unit, the head of Chrome testified.&nbsp;

Only Google can run Chrome, company’s browser chief tells judge

There will be road closures and diversions around the Bukit Jalil National Stadium from 2pm on Saturday, in conjunction with the 2024-2025 Malaysia Cup final between Johor Darul Ta'zim and Sri Pahang FC.

Road closures, diversions for Malaysia Cup final

US President Donald Trump’s administration is putting pressure on Europe to ditch a rulebook that would compel developers of advanced artificial intelligence (AI) to follow stricter standards of transparency, risk-mitigation and copyright rules.

Trump administration pressures Europe to ditch AI rulebook

A Jeff Bezos-backed start-up aims to appeal to American car buyers’ patriotism and pocketbooks.&nbsp;

Bezos-backed start-up launches cheap, US-made electric pickup

The&nbsp;Health Ministry (MOH) is closely monitoring two key issues following the tariffs imposed by US President Donald Trump, particularly those affecting medical devices and pharmaceutical products.

MOH closely monitoring new US tariffs, focusing on medical devices, pharmaceutical products

North Korean leader Kim Jong Un attended a ceremony for the launch of a "new multipurpose destroyer", state media KCNA reported on Saturday.

Nissan&nbsp;Motor wants to end vehicle production at its Wuhan plant in China by March 31, 2026, two sources with knowledge of the plan said.

Nissan wants to end vehicle production at Wuhan plant, Reuters reports

ByteDance, the Chinese parent company of&nbsp;TikTok, is weighing a major investment in a data centre in Brazil, three people familiar with the matter told Reuters, tapping abundant wind energy on the country's northeast coast.

TikTok owner could invest in data centre in Brazil — Reuters

The Asean&nbsp;Power Grid (APG) is a pillar that can strengthen&nbsp;cooperation among&nbsp;the bloc’s member states, according to Deputy Prime Minister Datuk Seri Fadillah Yusof.

Asean Power Grid set to strengthen regional cooperation, says Fadillah

China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this week.&nbsp;

China reiterates hitting 2025 growth target amid trade tension

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has expressed satisfaction with the strong collaboration between BN and Pakatan Harapan (PH) throughout the 14-day campaign for the Ayer Kuning state by-election.

Priyatharisiny Vasu

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