MyNews Holdings Bhd has redesignated its chief executive officer (CEO) for retail Low Chooi Hoon as a consultant to the convenience chain operator, effective April 1 to Aug 31, 2022.

MyNews redesignates retail unit’s CEO as consultant, no reasons provided for change

Heineken Malaysia Bhd kicked off financial year 2022 (FY22) strongly as net profit jumped 54% to RM113.38 million in the first quarter of FY22 ended March 31, 2022 versus RM73.54 million in the same period last year.

Heineken's 1Q profit leaps 54% to RM113.4m to kick off FY22

KUALA LUMPUR (May 10): Based on corporate announcements and news flow on Tuesday, companies in focus on Wednesday (May 11) may include: Advanced Packaging Technology (M) Bhd, Jadi Imaging Holdings Bhd, CSH Alliance Bhd, Frontken Corp Bhd, GIIB Holdings Bhd, Hartalega Holdings Bhd, Mesiniaga Bhd, Serba Dinamik Holdings Bhd, SLP Resources Bhd and Xin Hwa Holdings Bhd.

Advanced Packaging Technology, Jadi Imaging, CSH Alliance, Frontken, GIIB, Hartalega, Mesiniaga, Serba Dinamik, SLP and Xin Hwa

KUALA LUMPUR (May 10): EA Technique (M) Bhd said it has sold off its vessel Nautica Renggam (NRG) to a Korean company for a cash consideration of US$5.05 million, equivalent to RM21.39 million.

EA Technique sells tanker to Korean company for RM21.39m

KUALA LUMPUR (May 10): Integrated logistics service provider Xin Hwa Holdings Bhd plans to diversify into the precision machining business after acquiring a 79% stake in Micron Metal Engineering Sdn Bhd (Micron) for RM19.75 million in a cash plus shares deal.

Xin Hwa to diversify into precision machining business by acquiring 79% stake in Micron

KUALA LUMPUR (May 10): CSH Alliance Bhd’s (formerly known as KTG Bhd) electric vehicle (EV) unit has inked a sale and purchase agreement(SPA) on Tuesday (May 10) to acquire three adjoining plots of industrial land measuring 55.32 acres in Tanjung Malim, Perak for RM12 million from Minetech Resources Bhd to build an EV assembly plant.

CSH Alliance’s EV unit to acquire land in Perak from Minetech for RM12m to build EV assembly plant

Willowglen MSC Bhd has been awarded a RM23.97 million contract by Majubina Resources Sdn Bhd.

Willowglen MSC bags RM23.97m telecom tower infrastructure contract in Sabah

Malaysia's number of employed persons rose to a record high of 15.77 million in March 2022 from 15.73 million in the preceding month (February 2022) and 15.33 million a year earlier (March 2021) as more people got employed in the services, manufacturing and construction sectors in line with the country's Covid-19 vaccine-driven resumption of economic activities, according to the Department of Statistics Malaysia and economists.

Malaysia's number of employed persons rises to record high

KUALA LUMPUR (May 9): Based on corporate announcements and news flow on Monday, companies in focus on Tuesday (May 10) may include: Affin Bank Bhd, G Capital Bhd, GIIB Holdings Bhd, Econpile Holdings Bhd, JF Technology Bhd, MPHB Capital Bhd, OCK Group Bhd, Pensonic Holdings Bhd, SCGM Bhd, Serba Dinamik Holdings Bhd and Uzma Bhd.

Affin Bank, G Capital, GIIB, Econpile, JF Tech, MPHB, OCK, Pensonic, SCGM, Serba Dinamik and Uzma

Econpile Holdings Bhd said it has bagged a contract worth RM37.36 million for substructure works in Pantai Dalam, Kuala Lumpur, in a bourse filing on Monday (May 9).

Econpile bags RM37.36m contract for substructure works in Pantai Dalam development

SRC International Sdn Bhd’s former director Datuk Suboh Md Yasin told the High Court on Wednesday that he signed four blank cheques that led to RM19.5 million going to Umno and Umno Selangor.

Former SRC director says he signed blank cheques, didn’t know payments were to Umno

Malaysia's currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a central bank policy decision, while a gauge of emerging Asian equities reversed course weighed by China on US tariff plans.

Ringgit extends gains as BNM holds rates; China stocks drag 

Malaysia’s international reserves fell by US$700 million by mid-January this year, from a fortnight earlier, according to Bank Negara Malaysia (BNM).

BNM: Malaysia’s international reserves down to US$115.5b as at mid-January

KUALA LUMPUR (Jan 22): The risk of overbuilding of residential properties would become more apparent in the coming years, particularly in high-growth cities, according to JLL Properties Services (Malaysia) Sdn Bhd (JLL Malaysia).

JLL Malaysia: Risk of overbuilding as market sentiment improves

Johor Bahru’s residential sector remained active in the third quarter of last year (3Q2024) with transaction volume and value on an upward trend, says Olive Tree Property Consultants (Johor) Sdn Bhd CEO Samuel Tan when presenting The Edge Malaysia | Olive Tree Property Consultants Johor ...

The Edge Malaysia | Olive Tree Property Consultants Johor Bahru Housing Property Monitor 3Q2024: Property market maintains stable performance

The industrial subsector is expected to continue its positive trend in 2025, according to Henry Butcher Malaysia chief operating officer Tang Chee Meng. The Henry Butcher Perspective — Malaysia Property Outlook 2025 report, which was launched on Wednesday, noted that the volume of industrial transactions in the first nine months of 2024 (9M2024) increased by 6.5%, while the value rose 22.8%.

Henry Butcher: Malaysia's industrial subsector to continue strong performance

Debt costs pushed up UK government borrowing more than forecast last month, highlighting the fiscal challenges facing Chancellor of the Exchequer Rachel Reeves.

UK budget deficit soars more than forecast on debt costs

Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.

Stocks get tech boost, tariff uncertainty weighs on dollar 

Datuk Seri Najib Razak denies seeking royalties from the Middle East to help stepson Riza Aziz over his alleged entanglement with 1Malaysia Development Bhd (1MDB) funds, the court heard on Wednesday.

Najib says stepson was already servicing loan from Emerati prince, phone call only to formalise agreement

EDGE WEEKLY: Decoding Malaysia’s new electricity tariff plan

Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told The Edge.

Maybank Investment Bank Bhd and AmInvestment Bank Bhd are said to be the front-runners as principal advisers for the IPO of Sunway Healthcare Group, the sources said.

Sunway shortlists bankers for healthcare unit's IPO 

MIDF Research said&nbsp;the recent selldown of data centre-linked construction stocks&nbsp;may have been overdone as it sees the US’ AI chip export restrictions having minimal impact on data centre operations here.

In a note, MIDF Research said this prompted&nbsp;its upgrade on&nbsp;Sunway Construction Group Berhad (KL:SUNCON) to a “buy”, from “neutral”.

MIDF says selldown on data centre-related stocks overdone, upgrades SunCon

Malaysia's currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a central bank policy decision, while a gauge of emerging Asian equities reversed course weighed by China on US tariff plans.

KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.

CIMB Securities: Malaysian property market now showing signs of improvement that will lift banking stocks

(Jan 22): US&nbsp;President Donald&nbsp;Trump&nbsp;on Tuesday announced&nbsp;a&nbsp;private&nbsp;sector&nbsp;investment&nbsp;of up to US$500&nbsp;billion (RM2.23 trillion) to fund&nbsp;infrastructure&nbsp;for artificial intelligence (AI),&nbsp;aiming to outpace rival nations in the business-critical technology.

Trump announces private-sector US$500 bil investment in AI infrastructure

Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB), belonging to the company.

FashionValet founders claim trial to alternative charges of fund misappropriation

KUALA LUMPUR (Jan 22): TechStore Bhd, which provides hardware and software to businesses, has fixed its initial public offering (IPO) price at 20 sen per share ahead of its listing on the ACE Market of Bursa Malaysia.

Enterprise hardware and software firm TechStore sets IPO price at 20 sen

US President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the US via Mexico and Canada.

Trump stirs tariff pot with fresh threats on EU, Feb 1 China deadline

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

Trump says he’s open to Elon Musk or Larry Ellison purchasing TikTok

Analysts are positive on Sunway Real Estate Investment Trust’s (KL:SUNREIT) acquisition of AEON Mall Seri Manjung in Perak, prompting revisions of their earnings forecasts.

Analysts raise Sunway REIT earnings forecasts after AEON Mall acquisition in Perak

Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.

SRC International Sdn Bhd’s former director Datuk Suboh Md Yasin told the High Court on Wednesday that he signed four blank cheques that led to RM19.5 million going to Umno and Umno Selangor.

Indonesia's antitrust agency on Tuesday ordered Google to pay fines about 202 billion rupiah (US$12.4 million or RM55.3 million) for unfair business practices related to its payment system services for Google Play Store, its software distribution platform.

Indonesia fines Google US$12.4m for unfair business practices

KUALA LUMPUR (Jan 22): Bank Negara Malaysia (BNM) on Wednesday kept the benchmark interest rate unchanged as widely expected, comfortable with its outlook for sustained economic growth and manageable inflation.

BNM keeps OPR steady, takes comfort in sustained growth

DAVOS, Switzerland (Jan 21): Prime Minister Datuk Seri Anwar Ibrahim said digitalisation is a "missing component" in all of Malaysia's previous free trade agreements (FTAs).

PM: Malaysia seeks to upgrade its free trade agreements to cover digitalisation

Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.

Trump pushes to make US an AI superpower, with fewer guardrails 

President Donald Trump faces a host of headwinds that could thwart his ability to generate a boom for the US economy, according to Harvard University professor Ken Rogoff.

Trump’s plan to trigger boom risks coming undone, Rogoff warns

Inflation in Malaysia eased slightly and was marginally slower than expected in December as prices of non-food items and services rose at a more moderate pace, official data released on Wednesday showed.

Malaysia’s inflation in December slows as non-food price pressure eases, official data shows

Datuk Seri Najib Razak denies seeking royalties from the Middle East to help stepson Riza Aziz over his alleged entanglement with 1Malaysia Development Bhd (1MDB) funds, the court heard on Wednesday.

Lawmakers in some of Asia’s key digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region.

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