Betamek Bhd, which is slated to be listed on the Bursa Malaysia’s ACE Market on Oct 26, aims to raise RM33.8 million from its initial public offering (IPO) exercise.

Under the listing exercise, Betamek is issuing 67.5 million new shares, representing 15% of the enlarged share capital at an issue price of 50 sen per share.

ACE Market-bound Betamek aims to raise RM34m from IPO

KUALA LUMPUR (Sept 15): Township builder Boustead Properties Bhd said the plan for the redevelopment of eCurve shopping mall in Mutiara Damansara will be announced next year.

“[The plan to redevelop] eCurve is progressing well and we hope to announce it by next year. We are currently pr...

eCurve redevelopment plan to be announced next year, says Boustead Properties CEO

Malaysia Aviation Group Bhd (MAG) has placed a firm order for 30 Boeing 737 aircraft, comprising 18 Boeing 737-8 and 12 Boeing 737-10 models and powered by CFM LEAP-1B engines, said Prime Minister Datuk Seri Anwar Ibrahim.

MAG's order of new aircraft reaffirms its commitment to growth, says Anwar

HSBC has promoted Chito Jeyarajah as its head of investment banking in Asia, the latest key appointment at the Asia-focused bank amid its global investment banking overhaul.

Jeyarajah, currently HSBC's head of equity capital markets (ECM) in Asia Pacific, will take up the new role from April 1, a company spokesperson confirmed with Reuters on Friday.

HSBC names Chito Jeyarajah Asia head of investment banking

Luxury retailer Bonia Corporation Bhd (KL:BONIA) said it is raising its stakes in a property investment subsidiary and an associate operating seafood restaurant for a combined RM13.16 million.

Bonia to raise stakes in property investment subsidiary, restaurant associate for combined RM13m

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Lim Seong Hai Capital opens 17% lower on ACE Market debut

Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.

Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

VS Industry Bhd’s (KL:VS) net profit fell nearly 4% to RM15.38 million for its second quarter ended Jan 31, 2025 (2QFY2025) from RM16 million a year ago, mainly due to a sharp contraction of foreign exchange (forex) gains, which fell to RM915,000 from RM12.79 million a year earlier.

VS Industry net profit drops 4% in 2QFY2025 amid less favourable forex, declares 0.4 sen dividend

Unique Fire Holdings Bhd (KL:UNIQUE) has received approval from the Securities Commission Malaysia (SC) to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia.

Unique Fire secures SC approval for transfer to Main Market

Hotayi Electronic (M) Sdn Bhd, a Taiwanese electronics manufacturing services company, has launched the third phase of its expansion in Batu Kawan, Penang, with an investment of RM500 million in a manufacturing facility.

Taiwanese firm Hotayi Electronic launches RM500 mil smart factory expansion in Penang

A multi-storey school initiative will be introduced in collaboration with the corporate sector, to address overcrowding in urban schools, said Prime Minister Datuk Seri Anwar Ibrahim.

Multi-storey school initiative to be introduced to address overcrowding — PM

South Korean opposition parties raised a motion to impeach acting President Choi Sang-mok on Friday, the majority Democratic Party said, in a move likely to escalate recent political strife in the country.

Although the motion starts a process that would lead to a vote by parliament to pass it by a simple majority, the timetable was not immediately clear.

South Korea opposition brings motion to impeach acting president

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.

Top Glove faces rising risks from Chinese rivals, analysts flag after weaker-than-expected 2Q

Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.

Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

Asian stocks inched lower on Friday in a subdued end to the week as deepening geopolitical worries and fears over US tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs.

Asian stocks slip as growth, tariff worries weigh

The Bank of Thailand, which has long resisted interest-rate cuts despite immense political pressure, may end up having to embark on the region’s most aggressive easing cycle as a sluggish economy takes a turn for the worse, according to analysts.

Thailand may yet embark on Southeast Asia's most aggressive rate cuts

Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.

Tabung Haji declares 3.25% profit distribution for FY2024

Read more in the March 24 edition of The Edge Malaysia Weekly.

Trumpianomics: The Art of Coercion

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market.

South Korean plastics giants struggle as China becomes a rival

Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord.

Oil advances as US ramps up sanctions against Iranian crude

GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.

GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.

The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.

Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

A fresh bout of instability gripped the stock market as concern around the potential impacts of a trade war outweighed the latest housing and jobs data showing the world’s largest economy is still holding up.

US stocks halt Fed-fuelled rally as trade fear lingers

For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.

Prabowo faces investor revolt over Indonesia’s economic path

MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.

Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.

Malaysia's February inflation slows as housing, utilities costs moderate, official data show

Chinese consumer giants dominate next week’s earnings after a survey showed consumers are&nbsp;feeling&nbsp;increasingly optimistic and Beijing&nbsp;outlined plans&nbsp;to revive consumption by boosting incomes.

Pop Mart, Haidilao, Nongfu Spring to set tone for China consumption

Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

Trump says people that get caught sabotaging Teslas will stand a very good chance of going to jail for up to 20 years, and that includes the funders — Truth Social post

Micron Technology forecast third-quarter revenue above Wall Street estimates on Thursday, signaling strong demand for its high-bandwidth memory (HBM) chips used in AI models, sending its shares up 2% in after-hours trading.

Micron forecasts upbeat quarterly revenue on strong AI memory chip demand

Britain's Heathrow Airport said it would be closed all of Friday after a huge fire at a nearby electrical substation wiped out power, disrupting flight schedules around the world.

The London Fire Brigade said around 70 firefighters were tackling the blaze in the west of London, which caused a mass power outage at Heathrow, Europe's busiest and the world's fifth-busiest airport.

Huge fire closes UK's Heathrow Airport, global flight schedules disrupted

Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.

Syafiqah Salim & Dilpreet Kaur