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

The US Department of Energy (DOE) has designated ally South Korea a "sensitive" country, a spokesperson said on Friday, after the South Korean president briefly imposed martial law and amid talk of Seoul potentially developing nuclear weapons.

US has designated South Korea a 'sensitive' country amid nuclear concerns

OpenAI and billionaire Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a grudge match between the world's richest person and OpenAI chief executive officer Sam Altman playing out publicly in court.

OpenAI and Musk agree to fast-track trial over for-profit shift

At the first cabinet meeting of his second term, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union. But before opening a European front in his trade war, Trump might want to consider the continent’s economic malaise: the German...

After The Storm: Trump could Trigger a Eurozone Debt Crisis

A total of 112 online fraud cases, resulting in losses of approximately RM1.03 million, were reported in Melaka between Jan 1 and March 13 this year.

RM1.03m lost to online scams in Melaka year-to-date — exco

The Home Ministry, through the Immigration Department, is in the process of extending the Migrant Repatriation Programme, which is set to conclude on March 31.

Home Ministry to extend migrant repatriation initiative

The Trump administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the matter and an internal memo seen by Reuters.

Trump administration weighs travel ban on dozens of countries, memo says

It is now clear that US President Donald Trump’s administration will betray Ukraine in its fight to resist Russian aggression. Trump himself is either a victim of disinformation, or he is a willing participant in an effort to deceive Americans about the causes and consequences of the war.

...

Unconventional Economic Wisdom: Europe’s Powerful Tool Against Russia

Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

New Canadian PM Carney says there’s progress in US trade talks

US Vice President JD Vance said he expected President Donald Trump to wrap up a deal for TikTok and keep the popular video-sharing app operating in the US ahead of a deadline next month.

Vance tells NBC ‘high-level’ TikTok deal expected by April deadline

EDGE WEEKLY: Dispelling aspersons surrounding EPF’s 6.3% dividend for 2024

Ailing oil and gas player&nbsp;Sapura Energy Bhd (KL:SAPNRG) has been in the news over the past week, but none of the flashes seem to paint a rosy picture of the company.

Rescue mission for Sapura Energy

Incoming Intel Corp chief executive officer Lip-Bu Tan, who was named to the position this week, will receive compensation valued at about US$69 million (RM306.71 million)&nbsp;if he reaches targets over the coming years.&nbsp;

Intel’s Malaysian-born CEO gets pay package valued at about US$69m

Trade wars, tariffs and sanctions have been transformed from economic tools into weapons in a broader struggle for dominance, fostering an atmosphere of suspicion and distrust that is eroding the foundations of international cooperation, according to Prime Minister Datuk Seri Anwar Ibrahim.

Trade wars, tariffs and sanctions weaponised in broader struggle for dominance, says Anwar

Apple Inc’s top executive overseeing its Siri virtual assistant told staff that delays to key features had been ugly and embarrassing, and a decision to publicly promote the technology before it was ready made matters worse.

Apple’s Siri chief calls AI delays ugly and embarrassing, promises fixes

US&nbsp;equities followed European stocks higher on Friday to end a bumpy week on a positive note, although safe-haven gold hit a record high, with investors still showing some signs of anxiety about the economic impact of tariffs.

Stocks rebound after S&P 500 correction; safe-haven gold touches record

Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive trade war with the US.

The&nbsp;Trump&nbsp;administration is considering issuing sweeping travel restrictions for the citizens of dozens of countries as part of a new ban, according to sources familiar with the matter and an internal memo seen by Reuters.

The Trump administration said it was optimistic about the possibility of a ceasefire in Ukraine, even as President Vladimir Putin appeared to reject US calls for immediate halt to the violence.

Trump optimistic about Ukraine ceasefire even as Putin balks

The US&nbsp;Department of Energy (DOE) has designated ally South Korea a "sensitive" country, a spokesperson said on Friday, after the South Korean president briefly imposed martial law and amid talk of Seoul potentially developing nuclear weapons.

The Senate passed a Republican spending plan on Friday, averting a US government shutdown hours before a midnight deadline while exacerbating a furious struggle within the Democratic party over how to confront President Donald Trump.&nbsp;

US averts govt shutdown as Senate passes GOP spending bill

US Vice President JD Vance said he expected President Donald Trump to wrap up a deal for TikTok and keep the popular video-sharing app operating in the US ahead of a deadline next month.

The Home Ministry, through the Immigration Department, is in the process of extending the Migrant Repatriation Programme, which is set to conclude on March 31.

At the first cabinet meeting of his second term, US President Donald Trump declared his intention to impose a sweeping 25% tariff on all imports from the European Union. But before opening a European front in his trade war, Trump might want to consider the continent’s economic malaise: the German...

A total of 112 online fraud cases, resulting in losses of approximately RM1.03 million, were reported in Melaka between Jan 1 and March 13&nbsp;this year.

It is now clear that US President Donald Trump’s administration will betray Ukraine in its fight to resist Russian aggression. Trump himself is either a victim of disinformation, or he is a willing participant in an effort to deceive Americans about the causes and consequences of the war.

...

OpenAI and billionaire Elon Musk have agreed to fast-track a trial over OpenAI's for-profit shift, the latest turn in a&nbsp;grudge match&nbsp;between the world's richest person and OpenAI chief executive officer Sam Altman playing out publicly in court.

Priyatharisiny Vasu

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