SD Guthrie Bhd (KL:SDG) has won the silver award at The Edge Malaysia ESG Awards 2024 in the plantation sector, a recognition attributed to its robust ESG strategy rooted in long-term sustainability.

ESG strategies drive SD Guthrie’s long-term sustainability success

Tenaga Nasional Bhd (KL:TENAGA) won the silver award at The Edge Malaysia ESG Awards 2024 in the utilities category, thanks to its comprehensive ESG initiatives, says president and CEO Datuk Megat Jalaluddin Megat Hassan. He emphasises that the company’s carbon management strategy, alongside a robust governance framework, is essential for achieving its ambitious sustainability goals.

Tenaga driven by its comprehensive ESG strategies

Malaysian Resources Corp Bhd (MRCB) (KL:MRCB) has won the gold award at The Edge Malaysia ESG Awards 2024 in the most consistent performer over five years category.

MRCB’s ESG strategies yield promising results

Hektar Real Estate Investment Trust (Hektar REIT) (KL: HEKTAR) has won the gold award at The Edge Malaysia ESG Awards 2024 in the outstanding ESG performance and dividend return category, showcasing its ability to balance occupancy growth with sustainability initiatives.

Hektar REIT balances occupancy growth with sustainability initiatives

KPJ Healthcare Bhd (KL:KPJ) has won the silver award at The Edge Malaysia ESG Awards 2024 in the outstanding ESG performance and dividend return category. Its president and managing director Chin Keat Chyuan attributes the win to KPJ Healthcare’s future-focused and innovative Green Healthcare framework, which centres on both human and planetary health.

KPJ Healthcare innovates with ESG

Hong Leong Bank Bhd (HLB) said Monday (May 30) that its net profit for the third quarter ended March 31, 2022 (3QFY22) rose 1.73% to RM784.8 million from RM771.47 million a year ago due to lower allowance for impairment losses on loans, advances and financing as well as higher share of profit from an associated company.

Hong Leong Bank’s 3Q net profit up marginally by 1.73% to RM784.8m on lower allowance for impairment losses

PublicInvest Research said on Monday (May 30) that it had derived a fair value of 34 sen for Unitrade Industries Bhd based on an 11 times price-earnings multiple to its 2023 forecast earnings per share of 3.1 sen. Unitrade Industries is en route for an ACE Market listing on June 14 with an initial public offering (IPO) price of 32 sen.

PublicInvest Research derives fair value of 34 sen for Unitrade Industries, 6% above IPO price

British American Tobacco (Malaysia) Bhd (BAT Malaysia) emerged as the top loser on Monday morning (May 30), falling as much as 58 sen or 4.54% to RM12.20, after its net profit for the first quarter ended March 31, 2022 (1QFY22) missed analysts' expectations.

BAT Malaysia emerges as top loser after 1Q net profit missed expectations

Pestech International Bhd said Friday that its net profit for the third quarter ended March 31, 2022 (3QFY22) fell 54.5% to RM6.52 million from RM14.33 million in the same quarter last year, as revenue dropped on lower contribution from the rail division as most active projects are at their tail end while new ones are just starting.

The group’s revenue for 3QFY22 fell 16.26% to RM192.63 million from RM230.03 million in 3QFY21, its bourse filing showed.

Pestech’s 3Q net profit halves as revenue drops with active rail jobs nearing completion

Bursa Malaysia said on Friday (May 27) the proprietary day traders short selling and intraday short selling of Power Root Bhd shares have been suspended as the instant coffee maker's share price dropped more than 15 sen or 15% from the reference price, which refers to the stock's closing price of RM1.69 on Thursday (May 26).

Bursa suspends Power Root short selling after price slump

The Semiconductor Industry Association (SIA) and Nvidia Corp, two prominent voices in the global chip industry, have criticised the US government’s new export curbs on artificial intelligence (AI) chips.

Semiconductor Industry Association and Nvidia slam Biden administration’ new export controls on AI chips

The Malaysia Digital Economy Corporation (MDEC) has embarked on an initiative to accelerate small and medium-sized enterprises' (SMEs) digital transformation nationwide, starting with the northern state of Penang.

MDEC launches initiative to speed up SME digital transformation across Malaysia

Malaysia is keen to position Pakistan as a strategic distribution hub for palm oil exports to Central Asia, capitalising on the country's strategic location and its proximity to emerging high-growth markets, the Malaysian Palm Oil Board (MPOB) said.

Malaysia to position Pakistan as palm oil hub for Central Asia — MPOB

Minister in the Prime Minister’s Department (Religious Affairs) Datuk Dr Mohd Na’im Mokhtar has instructed the Department of Islamic Development Malaysia (Jakim) to collaborate with the Ministry of Domestic Trade and Cost of Living (KPDN) to enforce actions and prosecute those misusing the halal logo.

Jakim directed to collaborate with KPDN to take action against misuse of halal logo

Selgate Corp Sdn Bhd, through its healthcare arm, Selgate Healthcare Sdn Bhd, has signed a Memorandum of Understanding (MOU) with MTT Properties and Development Sdn Bhd to build a private specialist hospital in Balik Pulau, Penang.

Selgate Corp group chief executive officer Datuk Noor Hisham Mohd Ghouth said the Selgate Specialist Hospital Pulau Pinang is targeted to be ready by 2028 and would add about 172 beds and offer 31 specialities to its healthcare operations.

Selgate, MTT to develop Balik Pulau's maiden private specialist hospital

Cheeding Holdings Bhd, the utilities engineering solutions provider, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to repay bank borrowings, raise capital for capital expenditure and to be used for performance bonds for future projects.

Cheeding Holdings files draft prospectus for ACE Market listing

Logistics service provider Xin Hwa Holdings Bhd's (KL:XINHWA) cargo transport unit has resumed normal operations after the suspension of its goods vehicle operator licence, which was in place for over two months since November last year, was lifted.  

The company’s wholly owned Xin Hwa Trading & Transport Sdn Bhd (XHTT) is now fully operational under its reinstated licence, Xin Hwa said in a filing with Bursa Malaysia on Monday.

Xin Hwa’s cargo transport unit resumes ops after two-month suspension

A1 AK Koh Group Bhd, the Johor-based processed food and beverage (F&B) manufacturer best known for its premix soup spices or meat ribs soup, is looking to raise fresh capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Premix soup maker A1 AK Koh Group files draft prospectus for ACE Market listing

Solarvest Holdings Bhd (KL:SLVEST)  is acquiring three plots of land in Kedah for RM19.99 million cash to secure strategic land for renewable energy asset development projects.

The solar photovoltaic provider's subsidiary Atlantic Blue Sdn Bhd has entered into two separate sale and purchase agreements with Aziho Trading Sdn Bhd to purchase the plots measuring 48.86ha in total in Mukim Gurun in Kuala Muda.

Solarvest buys land for RE projects in Kedah for RM19.9 mil

BENGALURU (Jan 13): India's Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country's nascent private space sector, Pixxel's chief told Reuters.

The satellites will be pla...

Pixxel to launch India’s first private satellite network, eyes US$19 bil market

Prospect Medical Holdings Inc, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Private hospital owner Prospect Medical files for bankruptcy

Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit (LRT) project.

Gamuda gets first package worth over RM8 bil of Penang LRT project

Malaysian stocks were broadly lower on Monday led by construction and property companies, while the country’s benchmark index fell to a five-month low.

Investors in Asia reacted poorly to the latest jobs data in the US that pointed to a robust economy, threatening the prospects of rate cuts by the Federal Reserve. The ringgit also depreciated along with other emerging Asian currencies under pressure from a strengthening US dollar.

Malaysian stocks broadly lower as KLCI falls to five-month low, ringgit weakens

City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).

City Motors Group officially opens Alfa Bangsar and Holiday Inn Kuala Lumpur Bangsar

The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.

Govt wants gag order on addendum

CAPE EMS Bhd (KL:CEB), which started its Bursa Malaysia journey on a high note in 2023, has found itself in the midst of a corporate storm this year.

A sequence of financial missteps, margin calls and declining investor confidence has left the electronics manufacturing services (EMS) pr...

Turkeys Of The Year: Cape EMS’ dramatic fall from grace

The Joe Biden administration's plans to introduce new export restrictions on artificial intelligence (AI) chips under a three-tiered system by country have sparked concerns in Malaysia.

How will restricted AI chip access impact Malaysia?

Europe’s largest pension fund sold its entire €571 million (US$585 million or RM2.63 billion) stake in Tesla Inc&nbsp;in the third quarter, partly due to disagreement with Elon Musk’s remuneration package.

Europe’s largest pension fund sold Tesla stake over Musk’s pay

YTL Power International Bhd (KL:YTLPOWR), which is in the midst of setting up its own artificial intelligence (AI) data centres using the latest chips by US chip giant Nvidia Corp, does not expect to be impacted by the proposed US rules on advanced chip&nbsp;exports into countries like Malaysia.

YTL Power ‘confident’ not affected by potential US chip export curbs amid Nvidia partnership

Allianz Malaysia Bhd’s (KL:ALLIANZ) earnings outlook is clouded by uncertainties over future premium increases, Maybank Investment Bank said and downgraded the country’s largest general insurer.

Allianz Malaysia's earnings outlook clouded by premium uncertainties, Maybank says in downgrade to 'hold'

KUALA LUMPUR (Jan 13): Rising production and delays in implementing biodiesel mandates in Indonesia may weaken palm oil prices beyond the first quarter of 2025, even as latest data show a 19-month low stockpile, analysts say.

Rising production, Indonesia’s biodiesel delays likely to weaken CPO prices — analysts

Bursa Malaysia Bhd (KL:BURSA) has introduced a new renewable energy (RE) subsector within its energy and utilities sector classification. This move aims to provide more focused classification for public listed companies (PLCs) operating in the RE space.

The new RE classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources.&nbsp;

Bursa reclassifies 13 companies as it introduces new renewable energy subsector

Former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy told the High Court on Monday that there was no merit to the allegations made by his former company, that he had failed to inquire, investigate or ascertain, and recover the investments the company had lost.

Testifying in his defence to 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general and former 1MDB board of advisors chairman Tan Sri Mohd Irwan Serigar Abdullah, before judge Datuk Raja Ahmad Mohzanuddin Raja Mohzan, Arul Kanda also disagreed that he had acted against 1MDB’s interests.

Arul Kanda: 1MDB loss inquiry was not my job

Local institutions supported Bursa Malaysia for the 12th consecutive week, with net purchases of RM281.9 million, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 12th straight week

Energy infrastructure firm Yinson Holdings Bhd (KL:YINSON)&nbsp;is close to signing up investors for a funding round in its unit that makes equipment used by the offshore oil and gas industry, according to people with knowledge of the matter.

Yinson close to deal with investors including Abu Dhabi for US$1b funding — Bloomberg

KUALA LUMPUR (Jan 13): Former prime minister Datuk Seri Najib Razak said that he returned the purported Arab donation, because the 13th general elections were over and he didn’t need a large sum of money.

1MDB-Tanore: Najib says GE13 over, no need for such large sum, returned monies

Eden Inc Bhd (KL:EDEN) said on Monday that it has been selected to develop a 29.99-megawatt (MW) large-scale solar photovoltaic plant in Gebeng, Kuantan.

Eden picked to develop 29.99MW solar plant in Kuantan

Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed.

Malaysia's wholesale and retail trade growth slows in November, official data show

The Malaysian ringgit could face downward pressure due to the possibility of new US tariffs on China and uncertainties over the direction of the US Federal Reserve's (Fed) terminal rate, economists cautioned.

US interest rate cut uncertainty, China tariffs pose risks to ringgit — economists

The Islamic digital bank consortium led by KAF Investment Bank Bhd (KAF IB) has received approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations, effective from Dec 20, 2024.

Tan Siew Mung

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