Here is a brief recap of some corporate announcements that made news on Friday: PJBumi Bhd, Joe Holding Bhd, Nylex (Malaysia) Bhd, PUC Bhd, Binasat Communications Bhd, L&P Global Bhd, Sarawak Consolidated Industries Bhd (SCIB), Malaysian Resources Corp Bhd (MRCB), Berjaya Land Bhd (BJLand), Nova MSC Bhd, Ahmad Zaki Sdn Bhd (AZSB), G Capital Bhd, KLCC Property Holdings Bhd (KLCCP), Tropicana Corp Bhd, Johor Plantations Group Bhd, Dataprep Holdings Bhd, KJTS Group Bhd, AGX Bhd, Tenaga Nasional Bhd.

PJBumi, Joe Holding, Nylex, Binasat, L&P Global, SCIB, MRCB, BJLand, Nova MSC, AZRB, G Capital, KLCC Property, Tropicana Corp, Johor Plantations, Dataprep, KJTS, AGX, TNB

Proven Venture Capital Ltd has disposed of its entire stake in PUC Bhd and ceased to be a substantial shareholder of the group, its Bursa Malaysia filing showed on Friday.

Proven Venture disposes of entire stake in PUC

Tropicana Corp Bhd has proposed to sell its Courtyard by Marriott Penang Hotel for a total cash consideration of RM165 million, to a unit of IOI Properties Group Bhd, confirming The Edge report last month.

Tropicana Corp sells its hotel in Penang to IOI Properties unit for RM165 mil 

Johor Plantations Group Bhd has inked a venture agreement with Fuji Oil Asia Pte Ltd, a subsidiary of Japan's Fuji Oil Group, to develop a specialty oils and fats refinery operating on renewable energy.

Johor Plantations inks deal with Fuji Oil Asia to develop specialty oils and fats refinery

Minetech Resources Bhd on Wednesday announced the departure of two executive directors — Azlan Shah Zainal Arif and Chin Leong Choy — from its boardroom.

Minetech Resources sees departure of two executive directors

DXN Holdings Bhd posted a 16.47% rise in net profit to RM78.36 million in the third quarter ended on Nov 30, 2024 (3QFY2024) from RM67.28 million a year ago, underpinned by higher revenue.

DXN's 3Q net profit rises 16% to RM78.36m, declares 0.9 sen dividend

Here is a brief recap of some corporate announcements that made news on Wednesday: Green Packet Bhd, Jade Marvel Group Bhd, DXN Holdings Bhd, Pavilion Real Estate Investment Trust (Pavilion REIT), Wasco Bhd, Maju Offshore Capital Sdn Bhd, Alam Maritim Resources Bhd, Malaysia Building Society Bhd (MBSB), Fajarbaru Builder Group Bhd, MISC Bhd, IHH Healthcare Bhd, Barakah Offshore Petroleum Bhd, Wentel Engineering Holdings Bhd, Betamek Bhd.

Green Packet, Jade Marvel, DXN Holdings, PavREIT, Wasco, Maju Offshore, Alam Maritim, MBSB, Fajarbaru Builder, MISC, IHH Healthcare, Barakah Offshore, Wentel Engineering, Betamek 

EVD Bhd has received a written requisition from a suspended director, Mah Seong Huak, to convene an extraordinary general meeting to remove four other company directors, its Bursa Malaysia filing showed on Wednesday.

EVD’s suspended director seeks EGM to remove four directors and appoint three others

The Shah Alam High Court has set March 27 as the auction date for five plots of land in Shah Alam belonging to Serba Dinamik Holdings Bhd.

In a filing to Bursa Malaysia on Wednesday, the troubled oil and gas services company said the auction sale of its Johor property on Jan 2 was unsuccessful, but did not elaborate.

High Court sets March 27 as auction date for Serba Dinamik’s five plots of land in Shah Alam

Malaysia Building Society Bhd (MBSB) has appointed former Kumpulan Wang Persaraan (Diperbadankan) (KWAP) CEO Datuk Wan Kamaruzzaman Wan Ahmad as its chairman with immediate effect.

His appointment confirms an earlier report by The Edge Weekly.

Former KWAP CEO Wan Kamaruzzaman appointed MBSB chairman

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

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 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.

US averts govt shutdown as Senate passes GOP spending bill

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

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) if he reaches targets over the coming years.

Intel’s new 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

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;

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.

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

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.

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 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.

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 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 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.

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.

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Sulhi Khalid

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Sulhi Khalid

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