Boustead Holdings Bhd has clarified that it has not entered into any agreement to sell its 57% stake in Boustead Plantations Bhd.

No agreement on sale of plantation arm, says Boustead Holdings

Malaysia’s economy, as measured by gross domestic product (GDP), grew 5.6% year-on-year (y-o-y) in the first quarter of 2023 (1Q2023), driven by further expansion of household spending, strong growth in employment as well as continued expansion, which have supported private consumption spending.

Malaysia’s economy grew 5.6% y-o-y in 1Q2023, says BNM

AmanahRaya Investment Management Sdn Bhd announced that it has temporarily suspended dealings in three funds under its management with immediate effect, citing liquidity constraints.

AmanahRaya Investment Management suspends redemptions in three funds on liquidity constraints

Apple Inc introduced a new device called the HomeView, a US$299 (RM1,221) display that serves as the centrepiece of its push to challenge Amazon.com Inc and Alphabet Inc’s Google in the smart home market.

Apple unveils US$299 HomeView Hub as part of new smart home push

Eleven sailors were missing at sea on Tuesday from a ship sunk by a drone attack off the coast of Bulgaria, possibly the second deadly sinking of a cargo vessel in the area in a week, prompting Bulgaria to summon Russia's ambassador.

Eleven sailors missing after drone sinks ship off Bulgaria

German Chancellor Friedrich Merz and Ukrainian President Volodymyr Zelenskyy regard an “energy truce” announced by Donald Trump covering Russian oil refineries as too narrow and want Moscow to accept a broader ceasefire in the power sector, according to people familiar with the matter.

Germany and Ukraine want Putin to join full energy-sector truce — Bloomberg

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Sime Darby, Kelington Group, Critical Holdings, Censof Holdings, Liamson Fleet, Pantech Global, Mentiga Corp, Binasat Communications & CTOS Digital 

The founder of a well-known wellness centre chain has been charged with misappropriating RM60,000 from the company for personal use, according to a charge sheet sighted by theedgemarkets.com.

Chuah Seong Keat, or better known as Leon Chuah, was charged at the Magistrate’s Court in Petaling Jaya on Thursday (Jan 5) for allegedly committing the offence in January 2018.

Founder of wellness chain charged with misappropriating RM60,000 for personal use

India's "cockroach" youth movement leaders were detained on Tuesday after they jumped barricades to enter a historic Delhi site popular for protests, demanding that the chief election commissioner resign over a revision of voter lists.

Indian police detain 'cockroach' movement leaders demanding election chief stand down

The government is still seeking to recover funds from National Feedlot Corporation Sdn Bhd (NFC), three years after the High Court ordered the company to make payment over an outstanding loan.

Finance Ministry: Govt still pursuing RM33.74m from National Feedlot Corporation three years after court ruling  

Wall Street's main indices were muted in choppy trading on Tuesday as chip stocks came under selling pressure again while investors parsed a mixed bag of quarterly results, including those from big US banks.

Wall Street subdued in choppy trade after big bank earnings, chips slide

Long-term Treasuries advanced as oil prices snapped a three-day rally, aiding the US inflation outlook ahead of Wednesday’s release of September consumer prices data.

Long-term Treasuries hold gains as oil snaps three-day rally

Genting Bhd (KL:GENTING) CEO Datuk Seri Tan Kong Han bought 400,000 shares in the group on Monday, when its stock fell to a near two-decade low.

Genting CEO buys shares as stock nears two-decade low

The Malaysian Anti-Corruption Commission (MACC), which received a complaint on MyEG Sdn Bhd and its parent company Zetrix AI Bhd (KL:ZETRIX) last week, said investigations into the two companies are currently being handled by the police.

MACC says police investigating MyEG and Zetrix AI, will act if corruption suspected

Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) fell sharply on Tuesday, having more than doubled its value since the year began.

Jati Tinggi flirts with limit-down as shares down 29%

CXMT Corp declared it achieved a breakthrough in chip technology that rivals like Samsung Electronics Co had pursued for years, an unsubstantiated claim that jolted stocks and reflects China’s aggressive push into a critical sphere.

China’s CXMT claims memory advances ahead of Samsung, Hynix

MALAYSIA Aviation Group Bhd (MAG) is weighing the future of its low-cost arm FlyFirefly Sdn Bhd (Firefly) as persistent technical problems, an ageing fleet and weak financial performance raise questions over whether the airline can remain viable in its current form.

Firefly currently op...

Making Firefly worth flying

It was a Wednesday evening in late September and analysts covering New World Development Co were getting antsy. The cash-strapped Hong Kong developer was late to report its earnings and executives had not shown up to a scheduled briefing.

Hong Kong lifeline buys Cheng family time to save New World

Seputeh MP Teresa Kok has urged the government to suspend registration and any earthworks for the Bandar Madani Bukit Jalil housing project pending the completion of planning studies.

Seputeh MP urges halt to Bandar Madani Bukit Jalil registration pending planning reviews

Sime Darby Bhd’s (KL:SIME) wholly owned subsidiary, Sime Darby Holdings Bhd (SDHB), has been slapped with a RM150.18 million tax bill from the Inland Revenue Board (IRB) for the 2017 to 2023 assessment years.

Sime Darby hit with RM150.2 mil tax bill, plans to appeal

KUALA LUMPUR (Oct 13): Perikatan Nasional (PN) will continue to be grounded following a court decision on Tuesday, though the coalition has been allowed to challenge the suspension.

High Court keeps Perikatan Nasional suspended for now

AmanahRaya Investment Management Sdn Bhd announced that it has temporarily suspended dealings in three funds under its management with immediate effect, citing liquidity constraints.

The Royal Malaysian Police (PDRM) have opened an investigation paper regarding allegations of a failure to remit government revenue collections amounting to RM230.9 million, involving electronic service provider companies My EG Sdn Bhd (MyEG) and Zetrix AI Bhd (KL:ZETRIX).

Police say six witnesses questioned in probe into MyEG, Zetrix AI

The Malaysian Bar has defended its support for e-Jamin in May 2024, saying it was unaware that the bail payment system operated without a formal contract between the government and its operator, Dapat Vista (M) Sdn Bhd.

Malaysian Bar says it was unaware e-Jamin had no contract when it defended the system in 2024

KUALA LUMPUR (Oct 13): Refugees who entered Malaysia after January 2023 will not be eligible for consideration under the Refugee Registration Document (DPP) programme, to prevent it from becoming a pull factor for new arrivals, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

He...

Refugees who entered Malaysia after January 2023 not eligible for Refugee Registration Document, says minister

CTOS Digital Bhd (KL:CTOS), whose shares fell to a record low on Tuesday, expects its recent cybersecurity breach to reduce its financial year ending Dec 31, 2026 (FY2026) profit after tax and minority interests (Patami) by RM12 million and revenue by RM16 million.

CTOS estimates RM12m FY2026 profit hit from cyber breach as stock falls to record low

A member of the Terengganu royal family has filed a civil suit against two banking institutions, alleging negligence that led to the loss of RM1.99 million from his savings accounts.

Terengganu royal family member sues two banks over RM1.99 mil loss

<h2>Notable filings</h2>

Filings of note at Bursa Malaysia-listed companies for the period between Sept 21 and 25 included that at Pavilion Real Estate Investment Trust (KL:PAVREIT), in which pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) ceased to be a substantia...

Insider Moves: Pavilion Real Estate Investment Trust, Talam Transform Bhd, Sunway Healthcare Holdings Bhd, Malayan Banking Bhd

Integrated engineering solutions provider Kelington Group Bhd (KL:KGB) said on Tuesday that it has secured a RM128 million contract from an existing customer to design and build water generation and wastewater treatment systems for a data storage manufacturing facility in Kuching, Sarawak.

Kelington wins RM128 mil contract for Kuching data storage plant, its third in two weeks

HIS TIZA Pahang Sdn Bhd, a company linked to the Pahang crown prince, has entered into a share sale agreement&nbsp;with state government-owned Amanah Saham Pahang Bhd (ASPA) to acquire a 30% stake in Mentiga Corp Bhd (KL: MENTIGA) for RM21 million cash.

Pahang crown prince-linked firm to buy 30% stake in planter Mentiga for RM21m 

PENANG-based precision engineering solutions provider Coraza Integrated Technology Bhd (KL:CORAZA) has already been through the global semiconductor industry’s boom and bust cycle in the five years since its debut on Bursa Malaysia’s ACE Market in January 2022. And now, it is riding another up cy...

Coraza riding capex wave in semicon equipment

Plastic packaging maker Ekonusa Bhd has refiled the draft prospectus for its initial public offering for an ACE Market listing, replacing Affin Hwang Investment Bank Bhd with Mercury Securities Sdn Bhd as its principal adviser and sponsor.

Syafiqah Salim & Priyatharisiny Vasu

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Syafiqah Salim & Priyatharisiny Vasu

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌