AFTER achieving yet another record earnings in the financial year ended Dec 31, 2020 (FY2020), Frontken Corp Bhd remains optimistic about its prospects and expects to do the same in the current financial year, as it eyes double-digit growth to its bottom line.

“Our focus is not on lumpy...

Frontken aims for sustainable growth with expansion plans

LOCAL elevator manufacturer EITA Resources Bhd is accelerating the use of technology and articial intelligence (AI) in its lifts to widen their market appeal amid the Covid-19 pandemic.

EITA’s solution involves just a few taps of one’s smartphone to send the lift up or down. It is worki...

EITA Resources leverages tech to lift profile 

AMONG the top 100 companies on Bursa Malaysia by market capitalisation, 55 achieved earnings growth year on year in the quarter ended Dec 31, 2020 (4Q2020).

Other than earnings performance, The Edge takes a look at other financial indicators based on the companies’ accounts as at Dec 31...

What do the accounts of Bursa’s top 100 companies tell us? 

WHILE it is known that the rubber glove makers are the main beneficiaries of the global pandemic, furniture makers — including Latitude Tree Holdings Bhd — have benefited too.

Its finance director Yeoh Joe Son tells The Edge in an interview that the company has orders to fulfil up to ne...

Latitude Tree continues to benefit from stay-at-home orders

THE Covid-19 pandemic heavily influenced the movement of share prices on Bursa Malaysia in 2020. Despite a rough patch in the earlier part of the year, the FBM KLCI recorded the fastest V-shaped recovery compared with during other major events such as the global financial crisis and the Asian fin...

Best & Worst Performers: Pandemic plays dominate in 2020

THE federal government’s debt is projected to increase to about 61% of GDP, with the statutory debt to remain at around 58% in 2021, as a result of the higher borrowing needed to stimulate economic growth. In contrast, the total debt in 2019 stood at RM792.99 billion or 52.5% of GDP.

Fe...

Economic Report: Federal government debt to increase to about 61% of GDP in 2021

MALAYSIA’s gross domestic product (GDP) is expected to grow between 6.5% and 7.5% in 2021, after a 4.5% contraction in 2020 owing to the Covid-19 pandemic.

The strong rebound in GDP growth will be driven by the anticipated improvement in global growth and international trade.

...

Economic Report: Malaysia’s economy to grow 6.5% to 7.5% in 2021 after contracting 4.5% in 2020

THE government expects its fiscal deficit to swell to 6% of GDP in 2020 — the largest gap since the global financial crisis (GFC) in 2009 — owing to the additional stimulus packages to lift the country’s economy out of the doldrums as well as lower GDP as a result of the Covid-19 outbreak, accord...

Economic Report: Fiscal deficit rises to 6% of GDP — highest since GFC 

AS the US-China trade war intensifies, electrical and electronics (E&E) firms in Malaysia are carefully navigating the divergence of technology and supply chains in the semiconductor space. While the impact of the trade war is significant, it is not the only factor that will determine the fut...

Cover Story: In their own words

Panasonic Malaysia Sdn Bhd has allocated RM120,000 worth of e-vouchers of RM500 each to 240 families affected by the recent gas pipeline fire in Putra Heights, enabling them to purchase new home appliances.

Panasonic donates RM120,000 in e-vouchers to support Putra Heights victims

Top Opec+ ministers stressed the need for full compliance with oil output targets and plans to compensate for pumping too much, after the group's surprise decision this week to raise output further helped send prices crashing to pandemic-level lows.

Opec+ panel stresses compliance after surprise oil output hike

Homestay management company Airbnb has agreed to offer 78 units as temporary accommodation for a period of two months for victims affected by the Putra Heights gas pipeline fire in Subang Jaya.

Putra Heights fire: Airbnb offers 78 temporary homes for victims — Amirudin

Indonesia’s central bank pledged to intervene in domestic markets to ensure rupiah stability as global market volatility surges amid an escalating US-led trade war.

Indonesia's central bank vows to support rupiah amid trade tariffs threat

Forty-two of the 145 victims of the gas pipeline fire in Putra Heights, Subang Jaya, on Tuesday (April 1) are still receiving treatment at hospitals, according to the Ministry of Health (MOH).

Putra Heights fire: 42 victims still warded — MOH

China said on Saturday "the market has spoken" in rejecting US President Donald Trump's tariffs, and called on Washington for "equal-footed consultation" after global markets plunged in reaction to the trade levies that drew Chinese retaliation.

China to US: 'Market has spoken' after tariffs spur selloff

(April 5): European Central Bank (ECB) Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.

Speaking on Saturday to a conference of business leaders in Cernobbio, on the banks...

ECB’s Schnabel says Trump’s onslaught may mark end of free trade

Traffic along the federal road in the Gua Musang district was congested for up to 20km on Saturday due to the surge in vehicles as people returned to the federal capital after the Hari Raya Aidilfitri holidays.

20km crawl in Gua Musang as Aidilfitri holidaymakers head back to KL

The Selangor government has assured that the investigation into the Putra Heights gas pipeline fire in Subang Jaya will be carried out transparently, with no parties being protected.

Putra Heights inferno: Selangor assures transparent probe, no cover-ups — MB

Victims of the gas pipeline fire incident in Putra Heights, Subang Jaya, who have yet to register at the temporary evacuation centre (PPS) are advised to do so before the registration closes completely at noon on Sunday.

Putra Heights fire: Victim registration to close at noon tomorrow — Amirudin

The Federation of Malaysian Manufacturers (FMM) has flagged significant operational and business continuity challenges for about 200 companies whose gas supply is disrupted for 20 days in the aftermath of the Putra Heights gas pipeline fire.

FMM flags significant challenge for 200 businesses amid 20-day gas disruption after Putra Heights fire

Prime Minister Datuk Seri Anwar Ibrahim said the country’s planned economic growth may be slightly affected by the tariff rates recently announced by US President Donald Trump.

Anwar: Malaysia's economic growth may face setback due to US tariff hike

(April 5): When US President Donald Trump slapped bigger-than-expected tariffs on imports from around the world, Americans lamented pending price hikes for Champagne, Parmesan and Ferraris.

But the impact on pockets goes far beyond things like luxury cars and specialist foods. As the ne...

From Ray-Bans to wigs, US buyers may see unexpected price hikes

The Selangor state-level Madani Aidilfitri Open House 2025, scheduled to be held on Sunday, has been cancelled following a directive from the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Selangor Sultan calls off Aidilfitri open house

Several corporate companies have come forward on Saturday to offer assistance to those affected by the recent gas pipeline fire and explosion in Putra Heights.

Corporate companies step forward to assist Putra Heights fire victims

The second group of 30 victims affected by the Putra Heights gas pipeline blaze in Subang Jaya received cars for temporary use from automotive company Carro on Saturday.

Second batch of Putra Heights fire victims get temporary vehicles

Taiwan's Foxconn, the world's largest contract electronics maker, posted its highest first-quarter revenue ever on strong demand for artificial intelligence (AI) products but said it would need to closely watch global politics.

Foxconn reports record 1Q revenue, says it must closely watch global politics

The gas pipeline explosion and fire incident in Putra Heights, Subang Jaya, Selangor on Tuesday (April 1) has caught the attention of the King, Sultan Ibrahim Sultan Iskandar, as he spent time engaging with and enquiring about the well-being of the victims.

Putra Heights disaster: King visits victims, provides assistance

The government has agreed to hold the Visit Malaysia 2026 (VM 2026) Launching Ceremony in Melaka, said Prime Minister Datuk Seri Anwar Ibrahim.

Melaka to host Visit Malaysia 2026 launching ceremony, says Anwar

The Philippines expressed alarm on Saturday over the arrest of three Filipinos in China on suspicion of espionage, saying they were ordinary citizens and the arrests could be retaliation for Manila's crackdown against alleged Chinese spies.

Philippines alarmed over China arrest of alleged Filipino spies

Panasonic Malaysia Sdn Bhd has allocated RM120,000 worth of e-vouchers of RM500 each to 240 families affected by the recent gas pipeline fire in Putra Heights, enabling them to purchase new home appliances.

Homestay management company Airbnb has agreed to offer 78 units as temporary accommodation for a period of two months for victims affected by the Putra Heights gas pipeline fire in Subang Jaya.

(April 5): European Central Bank (ECB) Executive Board member Isabel Schnabel suggested that US President Donald Trump’s tariff onslaught may signify that the era of free-flowing global commerce is over.

Speaking on Saturday to a conference of business leaders in Cernobbio, on the banks...