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ON April 2, 2007 a US real estate investment trust that specialised in subprime mortgage, New Century Financial Corp, filed for bankruptcy — an event that was little noticed around the world.

A month later on May 22, The Edge Media Group, which by then had establ...

FD says goodbye after 13 years

But the firm confirms none of its employees in the area tested positive for Covid-19

MCO: FGV ceases ops of five palm oil mills in Sabah’s Sahabat region

KUALA LUMPUR: Tropicana Corp Bhd has proposed a RM1.5 billion Islamic medium-term notes programme (sukuk wakalah) to repay borrowings to unencumbered secured properties.

In a filing with Bursa Malaysia, the group said the proceeds will also be used for capital expenditure, investments a...

Tropicana to raise RM1.5b via sukuk to repay borrowings

KUALA LUMPUR: The Edge Covid-19 Equipment Fund will be delivering another batch of personal protective equipment (PPE) to public hospitals in the country over the next two weeks.

The Edge Media Group publisher and group chief executive officer Datuk Ho Kay Tat said this in response to t...

The Edge: More PPE on the way to hospitals

KUALA LUMPUR: With the government calling out for support in the fight against Covid-19, S P Setia Bhd, through its charity arm S P Setia Foundation, has stepped up and donated RM500,000 worth of medical equipment and supplies to local hospitals and frontliners.

This is in addition to t...

Covid-19: S P Setia Foundation donates medical supplies

KUALA LUMPUR: More than half of the 1,120 manufacturers surveyed by the Federation of Malaysian Manufacturers (FMM) expect to incur at least RM500,000 in losses due to the movement control order (MCO).

FMM said the survey showed that 55.4% of these manufacturers estimated losses of RM1 ...

Manufacturers project at least RM500,000 MCO losses

KUALA LUMPUR: Proton Holdings Bhd’s car sales volume improved 20.4% to 21,757 units in the first quarter of 2020 (1Q20) from a year earlier. The sales growth was mainly driven by higher sales for its Iriz, Persona, Saga and Exora models.

“A total of 21,757 units were sold in the first t...

Proton sales up 20.4% in 1Q20, market share expands further

KUALA LUMPUR: Some 25 million jobs in aviation and related sectors could be lost with plummeting air travel demand amid the Covid-19 crisis, according to the International Air Transport Association’s (IATA) latest study.

This is based on a scenario of severe travel restrictions lasting ...

25 million jobs at risk due three months of severe travel restrictions — IATA

KUALA LUMPUR: The extra assistance for small and medium enterprises (SMEs) to be announced by the government must come with adequate conditions to ensure the SMEs do not retrench workers or cut their salaries and leave, the Malaysian Trades Union Congress (MTUC) said yesterday.

MTUC ack...

Aid to SMEs must come with worker protection conditions — MTUC

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) says its analysis shows that banks operating in Malaysia are well positioned to weather looming asset quality challenges arising from the Covid-19 pandemic and plunging oil prices.

This is based on its Banking Scoreboard, which serves ...

Banks in Malaysia well capitalised to withstand asset quality stress

Ringgit rises against US dollar in early session on June 2

Bursa Malaysia rebounds in early session, lifted by bargain hunters

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

Australia raises minimum wage by 5.75% as living costs surge

HLIB Research says Velesto's valuations have become inflated

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Russia accuses US intelligence of hacking thousands of iPhones

Apple plans major retail push with new stores across China, US

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

The Edge Financial Daily

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The Edge Financial Daily

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