THE Covid-19 pandemic has caused many companies to be in financial distress, forcing some to temporarily shut down factories and operations for at least two months from mid-March in 2020 and experiencing lower demand after that.

With numerous firms seeing a decline in earnings, and many...

Cover Story 2: How much did Malaysia’s top guns take home in 2020?

KUALA LUMPUR (May 18): Jardine Cycle & Carriage Ltd (Jardine CCL) is further extending –  for one last time – the deadline of its takeover offer for Cycle & Carriage Bintang Bhd (CCB) shares it does not already own.

Cycle & Carriage announces final deadline extension for takeover offer

KUALA LUMPUR (May 18): AirAsia Group Bhd has appointed Amanda Woo as the Chief Executive Officer of airasia super app, or previously known as airasia.com, with effect tomorrow (May 19).

She is replacing Karen Chan, who will be assuming a board position with the super app business, according to a statement released today. Prior to this, Woo was promoted in early-2019 to Chief Commercial Officer, whereby she was part of the founding team of the airasia super app. In her new role,  Woo will be reporting to Aireen Omar, President (airasia Digital) AirAsia Group.

AirAsia appoints Amanda Woo as CEO for its super app biz

Dagang NeXchange Bhd said its Indonesian consortium has bagged a three-year contract, with an option to extend for a further three years, to supply installation and maintenance support services of submarine cable communications system via the group's vessel.

DNeX's Indonesian consortium secures three-year submarine job with estimated revenue of RM186m

GHL Systems Bhd announced today that PayLater by Grab will be made available to selected online GHL merchants that are utilising the eGHL Payment Gateway.

GHL enables Grab’s PayLater for selected online merchants

The Malaysian Employers Federation said it supports the proposal for a more stringent Movement Control Order in states whch report a surge in Covid-19 infections, but is against a blanket lockdown.

MEF supports call for stricter MCO, but says no to full lockdown that disrupts economic recovery

The steep climb in commodity prices to multi-year high levels, if not record high, is inflating companies' input costs at a time many businesses are struggling with low sales volumes brought about by the Covid-19 pandemic.

Margin squeeze inevitable amid commodity boom

Pesona Metro Holdings Bhd has bagged a mixed development project worth RM319 million for the construction and M&E (mechanical and engineering) works for a 44-storey office tower in Kuala Lumpur.

Pesona Metro bags RM319m job to build office tower in KL

FURNITURE manufacturer Jaycorp Bhd is one of the companies that are thriving in the Covid-19 economy. Tightening international border controls and a ban on interstate travel in response to the pandemic have led to a reversal in the company’s fortunes as people spend more time in their homes and m...

Jaycorp sees fortunes turning amid Covid-19 pandemic 

KUALA LUMPUR (May 6): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (May 7) include: Inari Amertron Bhd, Sime Darby Property Bhd, Malayan Banking Bhd, IHH Healthcare Bhd, AirAsia Group Bhd, MISC Bhd, Berjaya Food Bhd, Sentral REIT, Cahya Mata Sarawak Bhd, My EG Services Bhd, Genting Malaysia Bhd, Seni Jaya Corp Bhd and Velesto Energy Bhd.

Inari, Sime Darby Property, Maybank, IHH Healthcare, AirAsia, MISC, Berjaya Food, Sentral REIT, Cahya Mata Sarawak, MyEG, Genting Malaysia, Seni Jaya and Velesto

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 0.10% to 1,602.41 on Jan 10, 2025

Growing demand for cash saw use of the Bank of England’s (BOE) liquidity programme rise to a record this week, in a move that likely reflects the central bank shrinking its balance sheet rather than a recent market selloff.

Banks borrow record £51.4 billion in cash from BOE repo programme

(Jan 10): A handful of companies have held back on selling high-grade corporate bonds in the US after yields have climbed in the last week close to their highest levels since the middle of last year, boosting potential borrowing costs.

Sales have generally been relatively active in...

US bond yield surge prompts some companies to delay debt sales

India's federal investigating agency has accused liquor giant Diageo and Sequoia Capital of making suspicious payments to a politician's firm to seek favourable government decisions, it said in a document Reuters reviewed on Friday.

India names Diageo, Sequoia Capital in case alleging suspicious payments

Global stocks were under pressure on Friday ahead of a US jobs report later on that could exacerbate or ease the sell-off in the global bond market, while the pound headed for a fourth daily drop, after British debt yields soared to 16-year highs.

Stocks wobble ahead of US jobs data; bonds in the spotlight 

The secretariat for the Federal Territories Pardons Board has denied the existence of any additional document or royal addendum in its official files or records that purportedly allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

No royal addendum for Najib's house arrest in Pardons Board's records, says secretariat

Germany recorded the highest number of company insolvencies since 2009 in the last quarter of last year, a study from the Halle Institute for Economic Research (IWH) showed on Thursday, reflecting high interest rates and increased prices.

Germany records highest company insolvencies since financial crisis

Kuala Lumpur, Malaysia – January 10, 2025 – Arte Corp Malaysia, a leading name in iconic property development, has announced a strategic partnership with COBNB Malaysia, a luxury short-term stay operator, to manage serviced apartments at its iconic Arte Solaris development in Mont Kiara.

Arte Corp Partners with COBNB to Manage Short-Term Stays at Arte Solaris, Mont Kiara

Seventeen individuals, including seven civil servants from a Land and Mines Office in Selangor have been arrested to assist investigations into illegal land transfer activities.

Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the individuals, aged between 33 and 57, are being investigated.

17 arrested in illegal land transfer case in Selangor

Mercedes-Benz Group AG car sales dipped last year as the German luxury-auto maker struggled with weak demand for pricey models in China and electric vehicles (EVs) in Europe.

Mercedes-Benz car sales drop as China, EV slump take toll

Malaysia’s benchmark FBM KLCI registered a strong 12.58% gain in 2024 — marking its best performance in 14 years — as the country saw a sharp recovery in investor sentiment after a prolonged period of political uncertainties, lifted by strong investment activity and trade activities.

2025 outlook: The key sectors to watch

Former prime minister Datuk Seri Najib Razak was visibly shaken on Friday as the prosecution attacked his defence testimony with an onslaught of questions on the infamous ‘donation’ from Saudi royalty.

Najib visibly shaken as prosecution attacks his inconsistencies over 'donation' details

Oriental Kopi Holdings Bhd (KL:KOPI) could deliver a strong share price gain with above-peer valuations backed by robust earnings growth, according to two research houses starting coverage of the soon-to-be-listed café operator.

Oriental Kopi may deliver strong share price gain after IPO; Apex, Tradeview start coverage with ‘buy’

Berjaya Group is seeking a new partner as it bids for a proposed multibillion-dollar high-speed rail (HSR) line between Kuala Lumpur and Singapore, after Malaysian Resources Corp Bhd (KL:MRCB) withdrew from the consortium, Berjaya Corporation Bhd (KL:BJCORP)&nbsp;founder Tan Sri Vincent Tan Chee Yioun Chiun said.

Berjaya's Vincent Tan seeks new partner in KL-Singapore HSR bid

Shares of Gamuda Bhd (KL:GAMUDA) could potentially climb as much as 62% from the last price if its market value catches up with the size of its order book, CGS International said on Friday.

Gamuda share price could trade over RM8 if market value catches up with order book — CGS

Tenaga Nasional Bhd or TNB (KL:TENAGA) said its indirectly wholly owned unit TNB Western Energy Bhd (TNB WE) has been slapped with an income tax bill amounting to RM291.55 million for the year of assessment 2018 from the Inland Revenue Board (IRB).

Tenaga Nasional unit gets additional RM292m tax bill

Gamuda Land and Public Bank Bhd (KL:PBBANK) have introduced Malaysia’s first flexible 120% home financing package, the PB SmartLiving scheme, offering new levels of accessibility and affordability for homebuyers.

Gamuda Land, Public Bank unveil Malaysia's first 120% home financing plan

The US restriction of artificial intelligence (AI) chip exports may lead to a sector-wide slowdown, affecting the entire supply chain in the semiconductor industry, according to RHB Investment Bank.

US AI chip export curbs may lead to sector-wide slowdown — analysts

Nvidia Corp criticised new chip export restrictions that are expected to be announced soon, saying the White House was trying to undercut the incoming Trump administration by imposing last-minute rules.

Nvidia slams Biden for trying to ‘pre-empt’ Trump with policy

U Mobile Sdn Bhd, the nation’s newly selected second 5G network access provider, is set to deploy between 5,000 and 7,000 5G sites across Malaysia, according to industry sources cited by RHB Research.

U Mobile set to deploy up to 7,000 5G sites across Malaysia, RHB says, citing sources

Risks are building up towards an earlier rate hike due to Malaysia's removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year.

BMI says Malaysia's planned RON95 subsidy removal heightens rate hike risk, but keeps OPR target at 3%

Despite being known as a consummate gentleman, Datuk Seri Najib Razak told the High Court here on Friday that he didn't send thank-you notes or express any gesture of gratitude after receiving donations from the Arab royalty.

1MDB-Tanore: Why no thank-you note to Saudi donors? Prosecution takes aim at consummate gentleman Najib's 'bad manners'

Malaysia’s national oil and gas company Petroliam Nasional Bhd (Petronas) has reached the final investment decision for the development of the Hidayah field offshore East Java, Indonesia.

Petronas reaches final investment decision to develop Hidayah field off Indonesia

Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million.

Sime Darby Property fully acquires Bandar Bukit Raja warehouses for RM232 mil

The secretariat for the Federal Territories&nbsp;Pardons Board has denied the existence of any additional document or royal addendum in its official files or records that purportedly allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

Despite the anticipation of incoming personal donations of substantial amounts, former prime minister Datuk Seri Najib Razak told the High Court here on Friday that he did not know how the Saudi royalty had obtained his personal bank account details.

1MDB-Tanore: Najib says unaware how Saudi donors got his account details or knew of account change

For the full story, click <a href="http://theedgemalaysia.com/node/740535" target="_blank">here</a>.
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Japan to be involved with REE processing in Malaysia — Anwar

Japan's Prime Minister Shigeru Ishiba, currently on a two-day official visit to Malaysia, was accorded a formal welcoming ceremony at the Perdana Putra Complex on Friday.

Japanese PM accorded official welcome at Perdana Putra

Global stocks were under pressure on Friday ahead of a US jobs report later on that could exacerbate or ease the sell-off in the global bond market, while the pound headed for a fourth daily drop, after British debt yields soared to 16-year highs.

Prime Minister Datuk Seri Anwar Ibrahim has expressed hope that the clean hydrogen energy collaboration project between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) could be facilitated by May this year.

Wong Ee Lin

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