AT the time of writing, the 2019 novel coronavirus (Covid-19) had affected 100,257 people across the globe and claimed 3,408 lives. In Malaysia alone, the number of cases had risen from 22 to 83 last week.

China, the world’s second-largest economy and the origin of the outbreak, has the...

The State of the Nation: Covid-19 and the spectre of recession  

AFTER Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak) announced a proposal that would see the companies monetise their investments in four highways in the city, the spotlight is now on other concessionaires.

Heading the list is IJM Corp Bhd, which has two highways operating in...

Cover Story 2: More concessionaires likely to monetise highways 

IT was not a secret that a corporate exercise involving highways under Gamuda Bhd was in the offing. Nevertheless, the timing and the structure of the corporate exercise that was put in place caught the market by surprise.

Until early last Monday, nobody knew of the existence of an enti...

Cover Story 2: A reboot for toll highways 

WHILE perpetual bonds are hybrid in nature, sharing both the characteristics of bonds and equities, more often than not, they are classified as a type of equity rather than debt on the balance sheet of issuers.

As there is no contractual obligation from the issuer to redeem the instrume...

Perpetual bonds: The good and the bad

MISC Bhd’s maiden foray into the deep-water floating production, storage and offloading (FPSO) segment of the oil and gas (O&G) industry in Brazil will be closely watched this year.

According to S&P Global Ratings, any potential delays and cost overruns on the Mero 3 FPSO projec...

MISC’s Brazil FPSO project closely watched

GIVEN the worldwide interest in electric vehicles (EV), Bursa Malaysia-listed Ta Win Holdings Bhd is scouting for opportunities in the EV space by leveraging on the capabilities of its subsidiary, Cyprium Wire Technology Sdn Bhd (CWT).

Ta Win group managing director Datuk Seri Ngu Tieng...

Ta Win scouts for viable opportunities in global EV space

Notable filings

For the week of March 14 to 18, notable shareholding changes at Bursa Malaysia-listed companies included those at electronics contract manufacturer BSL Corp Bhd.

On March 4, Arena Evolusi Sdn Bhd acquired 28.99 million BSL shares, representin...

Insider Moves: BSL Corp Bhd, Fitters Diversified Bhd, Jerasia Capital Bhd, Wong Engineering Corp Bhd, TWL Holdings Bhd, Pertama Digital Bhd, Country Heights Holdings Bhd 

On April 1, Malaysia entered a new phase and transitioned to the endemic phase of Covid-19, where we all can pretty much return to an almost-normal life after two years of living with the pandemic.

Of course, this is a great relief, as the economy can fire up again, and our healthcare s...

Coffee Break: Things I will not miss about the pandemic

MALAYSIA’s ratification of the International Labour Organization’s (ILO) Protocol of 2014 to the Forced Labour Convention 1930 (No 29) is a good start in the road to combating forced labour in the country, say labour industry experts.

Malaysia became the 58th country in the world and th...

The State of the Nation: Malaysia’s ratification of ILO Protocol of 2014 a good start in combating forced labour

IHH Healthcare Bhd managing director and CEO Dr Kelvin Loh Chi-Keon is clearly striking while the iron is hot. Fresh from delivering strong numbers for financial year 2021, the company is looking to build on the momentum by revving up what Loh calls five growth engines — recovering from Covid-19;...

IHH ready for ‘heavy lifting’ with five growth engines

Here is a brief recap of some corporate announcements that made news on Monday.

IJM, RHB Bank, Affin Bank, Mr DIY, PetDag, KLCCP Stapled Group, S P Setia, IOI Properties, MPI, Hong Leong Industries, Gas Malaysia, Solarvest, Ho Hup Construction, Haily

The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.

Tajuddin reinstated as Umno member after suspension lifted

SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

Dyson supplier SKP Resources says it's seeking to diversify customer base as 2Q profit jumps 

Funds managed by Blackstone Inc agreed to invest US$3.5 billion (RM15.63 billion) to create a joint venture with EQT Corp, enabling the US natural gas producer to reduce its debt.

Blackstone, EQT form US$3.5 bil gas pipeline venture

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

S&P 500, Dow touch record highs as markets cheer Trump's Treasury pick

Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.

Taliworks’ 3Q net profit up 79% on growth across board, toll compensation; pays two sen dividend

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

Is KLCI inclusion on the cards for 99 Speed Mart?

The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.

The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).

Economy Ministry says govt will not allow non-citizen vehicles to enjoy RON95 subsidy 

The flood situation in Terengganu has continued to improve, with the number of evacuees declining, while figures in Johor and Kelantan remain unchanged as of 8pm on Monday.

Number of flood victims drops in Terengganu, unchanged in Johor and Kelantan

The Ministry of Energy Transition and Water Transformation (Petra) said it is open to exploring the use of new technologies for electricity generation to achieve the target of net zero carbon emissions as early as 2050.

Petra says ready to explore new technologies to generate electricity

EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports rele...

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

PUTRAJAYA (Nov 25): The Court of Appeal (COA) here on Monday allowed the liquidator of Crest Worldwide Resources Sdn Bhd to adduce fresh evidence in SKN Land &amp; Development Sdn Bhd’s (SKN L&amp;D) appeal against the High Court’s decision to dismiss an application to terminate Crest’s winding-u...

COA allows admission of RM525m property sale evidence in Crest winding-up termination appeal

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Mi Technovation shares extend rally as results beat estimates

Hyundai Motor will open its first plant in Malaysia next year with an investment valued at RM2.16 billion.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said it will be the South Korean automaker’s largest investment in Malaysia and provide many job opportunities.

Hyundai to invest RM2.16 bil to set up plant in Kulim

IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for £50 million (RM283 million) to expand into the UK and strengthen its core construction capabilities.

IJM Corp announces RM283m deal to buy 50% stake in UK-based JRL

Some 647.13 million shares in Affin Bank Bhd (KL:AFFIN) representing a 26.96% stake were traded off-market on Monday.

Bloomberg data showed that the shares were sold in eight tranches for RM1.78 billion. The blocks of shares were transacted between RM2.46 and RM2.84 per share, representing a discount of between 17% and 4.05% over Affin Bank’s last closing price of RM2.96 in the open market on Monday.

Affin Bank sees 27% stake traded at a discount in off-market deals valued at RM1.78 bil

Property developer S P Setia Bhd (KL:SPSETIA) reported a 93% year-on-year surge in its third-quarter net profit, driven by higher profit from land sales which&nbsp;offset losses from the Battersea Power Station project and lower contributions from its Australian operations.

S P Setia posts 93% jump in 3Q profit on land sale boost, plans RM1.97b more launches by year end

Radium Development Bhd (KL:RADIUM) said it is acquiring 13 acres of&nbsp; leasehold land in Cheras — which will be used for mixed development — for RM458 million.

Radium Development buys 13-acre land in Cheras for RM458m

RHB Bank Bhd (KL:RHBBANK) will be divesting its entire 99.95% stake in RHB Securities (Thailand) Public Company Ltd to Singapore-based stock brokerage firm Phillip Brokerage Pte Ltd for THB1,253.77 million (RM161.81 million), marking its exit from Thailand's stockbroking and securities market.

RHB exits Thai securities market with RM161.81m divestment to Phillip Brokerage  

Petronas Dagangan Bhd's (KL:PETDAG)&nbsp;net profit jumped 81.4% year-on-year&nbsp;to RM335.13 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM184.72 million previously, on the back of strong margins supported by favourable price&nbsp;trends, coupled with a decrease in overall product costs due to lower purchase premium.

PetDag's 3Q net profit jumps 81% on strong margins amid favourable MOPS price, pays 24 sen dividend

Scott Bessent, the veteran hedge fund manager who Donald Trump picked to become the next Treasury secretary, wants tariffs, a shadow chair for the Federal Reserve and maybe a weaker dollar.

Trump’s Treasury pick wants shadow Fed chair, maybe weak dollar

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EVENING 5: Five things you need to know today

President-elect Donald Trump’s pick of Scott Bessent as the treasury secretary may give Beijing room to negotiate with the US over their trade tensions, in part due to Bessent's&nbsp;moderate stance on tariffs.

Bessent at Treasury may give China breathing room over US tariffs

KPJ Healthcare Bhd (KL:KPJ) reported a 6.24% dip in its third quarter net profit from a year ago, despite revenue breaching RM1 billion for the first time, following the disposal of its Indonesian operations.

KPJ reports record revenue but lower 3Q profit after disposal of Indonesian ops

Philippine President Ferdinand Marcos on Monday vowed to fight back against what he called reckless and troubling threats against him, speaking out after his estranged vice-president said he would be assassinated if she herself were killed.

Philippines' Marcos vows to fight back after estranged VP's assassination threat

Here is a brief recap of some corporate announcements that made news on Monday.

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the US coast and on federal lands, according to two sources familiar with the plans.

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling — Reuters

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI up 0.48% to 1,597.45 on Nov 25, 2024

KLCCP Stapled Group (KL:KLCC) said its third-quarter net profit rose 11.44% year-on-year, driven by strong performances across its business segments, particularly the retail and hotel division. &nbsp;

Supriya Surendran

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Supriya Surendran

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