East West Horizon Plantation Bhd, which manages oil palm plantation schemes, and its officers Dr Jessie Tang and Terrence Mark, were charged in the Sessions Court on Friday for alleged trust deed violation.

East West Horizon Plantation charged for alleged trust deed violation

theedgemalaysia.com highlighted two stocks with momentum at Bursa Malaysia’s noon market break on Friday. One stock showed positive momentum and one stock displayed negative momentum.

Media Prima, GDEX

Shares of Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to an 11-month low on Friday, after the furniture company reported weaker-than-expected quarterly results.

Poh Huat declined four sen or 3% to RM1.29, its lowest since Oct 19, 2023. At that price, the company had a market capitalisation of RM359 million. Trading volume, however, was thin at 9.30am, with 61,700 million shares changing hands.

Poh Huat shares down to 11-month low after disappointing quarterly results

A proposed minimum wage increase will raise the Malaysian plantation sector’s operating cost and push the companies to spend more on automation, Public Investment Bank said.

Proposed minimum wage hike could raise palm oil companies' costs, spur automation push

KUALA LUMPUR (Sept 12): Invest Selangor Bhd said its highly anticipated fourth edition of the Selangor Aviation Show (SAS 2024), which was launched on Thursday, is expected to welcome some 25,000 visitors from over 45 countries.

Selangor Aviation Show 2024 set to welcome 25,000 visitors, says Invest Selangor

theedgemalaysia.com highlighted three stocks with positive momentum at Bursa Malaysia's afternoon close on Thursday. There were no stocks with negative momentum.

GDEX, Seal, Malakoff

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.

BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) hailed the enhancements of Malaysia's public-private partnership (PPP) framework under the newly launched PPP Master Plan 2030 (Pikas 2030) as "timely and necessary" to address global and domestic economic shifts.

Public-private partnership classifications, framework revision ‘timely and necessary’ — UOB

The plantation sector is facing increasing pressure, as crude palm oil (CPO) loses its traditional price edge over soybean oil, raising concerns about palm oil's future competitiveness, analysts said.

Palm oil sector faces headwinds as CPO's edge over soybean oil seen narrowing

KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.

PM: Uplifting rural, impoverished urban areas a key federal priority

KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.

Bank Rakyat assures its system remains secure after attempted data breach on Sept 3

(Sept 16): Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd to Temu, who are already struggling to cope with a consumer crisis back home.

US crackdown on cheap Chinese goods adds to Temu, Shein woes

GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.

India gets US$386b funding for renewables target; Reliance, Adani pledge commitments

PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.

Central Europe factories and retailers shut in flood-hit areas

KUALA LUMPUR (Sept 16): The Unity Government released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).

Govt releases MOU drafts on allocations for Opposition MPs

KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.

Death of Lahad Datu doctor must be thoroughly investigated — health minister

(Sept 16): Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.

Singapore ready to make ‘bold changes’ to revive stock market

KUANTAN (Sept 16): The Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.

Don’t let deviant teachings gain foothold in Pahang — Al-Sultan Abdullah

(Sept 16): The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.

Yen strengthens beyond 140 per dollar for first time since 2023

JOHOR BAHRU (Sept 16): Forest City’s special financial zone (SFZ) will be launched this Friday (Sept 20), with various incentives and packages to stimulate investment, growth and economic activities in Johor.

Forest City’s special financial zone to be launched on Friday, incentives to be introduced — Johor state exco

ALOR SETAR (Sept 16): Dozens of Malaysian holiday-goers wishing to go to Thailand over the long weekend had their dreams crashed at the border gate due to passport issues, income tax arrears, customs tax, and unresolved old criminal cases.

Dozens of Malaysian holiday-goers can’t cross to Thailand due to passport issues, tax arrears — Kedah Immigration director

(Sept 16):&nbsp;Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.

(Sept 16):&nbsp;A brief recovery in Singapore new home-sales ran out of steam, as transactions fell to its lowest level since February.

Singapore home sales plunge again due to lack of supply

SINCE 2021, Malaysia has experienced a significant surge in total approved investments, mainly driven by foreign direct investment (FDI).

The escalation of the US-China trade war and shifts in the global supply chain have positioned Malaysia as a strategic hub, attracting increasing lev...

The State of the Nation: After a strong start, can Malaysia keep the investment flowing in 2H2024?

KUALA LUMPUR (Sept 16): The Unity Government&nbsp;released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).

PUTRAJAYA (Sept 16): The report on the proposal for mandatory halal certification is nearing completion and is set to be presented to the Cabinet this Wednesday, according to the Minister in the Prime Minister's Department (Religious Affairs) Datuk Dr Mohd Na'im Mokhtar.

Halal certification report to be presented to Cabinet this Wednesday — minister

AFTER four years of serving on the boards of directors of Malaysia Airlines Bhd (MAB) and its parent Malaysia Aviation Group Bhd (MAG), Tan Sri Wan Zulkiflee Wan Ariffin is retiring as non-executive group chairman, people familiar with the matter say. He is leaving the group as early as the middl...

Wan Zulkiflee said to be retiring as Malaysia Airlines chairman in mid-September 

KUANTAN (Sept 16): The Sultan of Pahang&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.

(Sept 16):&nbsp;Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd&nbsp;to Temu, who are already struggling to cope with a consumer crisis back home.

(Sept 16):&nbsp;The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.

KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.

GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.

PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.

KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.

Recent rumours of buyers being required to sign sales and purchase agreements (SPAs) at the land office are just that, rumours. According to property consultants, there is no such requirement and SPAs can continue to be signed as per the normal practice.

Nevertheless, for property — inc...

No requirement to sign SPA at land office

KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.

Sankita Jayanandan

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Sankita Jayanandan

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