Companies in Malaysia are decreasing recruitment budget while prioritising employee engagement and support initiatives to cope with the impact of the Covid 19 pandemic, human resource consulting firm Mercer LLC said.

Companies in Malaysia focus on employee support despite Covid-19-induced cost pressure — survey

Malaysia Airlines is introducing enhanced economy class flexible fare options across its entire network for all passengers to enjoy, offering unparalleled safety, security, flexibility and a complete hassle-free, premium experience based on the needs of each customer. 

In a statement today, Malaysia Airlines said the option which was previously limited to domestic, Asean and South Asian destinations, will now see passengers have access to three unique fare options (Lite, Basic and Flex) for all destinations except Malaysia to Japan to Malaysia, Jeddah and Madinah, beginning June 22, 2020.

Malaysia Airlines introduces enhanced economy fare options

AllianceDBS Research has maintained its "buy" recommendations for both Berjaya Sports Toto Bhd (BToto) with a target price (TP) of RM2.95 and Magnum Bhd with a TP of RM3.

In a note today, AllianceDBS Research's Cheah King Yoong said the three numbers forecast operators (NFOs), namely BToto, Magnum and Pan Malaysia Pools Sdn Bhd, resumed their operations today.

Growth prospects of NFOs remain bright — AllianceDBS Research

HSBC Malaysia recently won its first Omni Channel partnership with Sports Direct delivering a simple "one-stop" collection solution to increase efficiencies of businesses. 

In a statement today, HSBC Malaysia said Omni Channel is a “one-stop” collection solution that combines services by its partner, leading Asean payment service provider GHL Systems Bhd, and HSBC’s product development.

HSBC wins Omni Channel partnership with Sports Direct

Pizza Hut Malaysia has launched Nasi Lemak Pizza to celebrate Malaysia's ethnic diversity by mixing and merging various cultural influences to create a new Malaysian fusion food that is uniquely delicious.

In a statement today, Pizza Hut Malaysia said the campaign tag line of "Rasa Campur, Lagi Bes Bersama" is a special homage to Malaysia's rich and unified cultural diversity.

Pizza Hut Malaysia launches Nasi Lemak Pizza

PricewaterhouseCoopers (PwC) Malaysia has appointed Soo Hoo Khoon Yean as the managing partner of the firm with effect from July 1, 2020.

This confirmed a report last Friday by theedgemarkets.com.

In a statement today, PwC Malaysia said he succeeds Sridharan Nair, who has served as managing partner for the past eight years.

PwC Malaysia appoints Soo Hoo Khoon Yean as managing partner, confirms theedgemarkets.com report

Hong Leong Investment Bank Research (HLIB) has maintained its 'buy' rating on Rohas Tecnic Bhd at 44 sen with a lower target price (TP) of 50 sen (from 51 sen previously).

In a note today, the research house said the infrastructure engineering firm reported 1QFY20 results with revenue of RM109.8 million (down 17% quarter-on-quarter [q-o-q], up 17% year-on-year [y-o-y]), and the core earnings of RM1.6 million (down 80% q-o-q, down 40% y-o-y) accounted for 7% of its full year forecast which fell short of expectations mainly due to the movement control order (MCO) in Malaysia.

HLIB cuts Rohas Tecnic's FY20-22 earnings by 3-23%, lowers target price to 50 sen

Volvo Car Malaysia today released its new price list for all Volvo completely knocked-down models which exclude sales tax, effective June 15 to Dec 31, 2020.

Volvo Car Malaysia releases new price list for all Volvo CKD models

Volkswagen Passenger Cars Malaysia is reducing the prices of its models by up to RM9,484, following the announcement on the sales tax exemption.

Volkswagen Malaysia to reduce car prices by up to RM9,484

Boustead Heavy Industries Corporation Bhd (BHIC) announced that Izaddeen Daud has joined its board of directors as a non-independent non-executive director, effective today. 

In a statement today, BHIC said Izaddeen, 51, started his career as an auditor at Earnst and Young.

BHIC names Izaddeen Daud as director

With December so far delivering Scrooge-like returns in an otherwise stellar year for US stocks, investors hope the tail end of 2024 offers some holiday cheer, but warn of potential headwinds.

Investors hope for 'Santa Claus' rally as stocks lose steam

The hawkish pivot by the Federal Reserve combined with uber-bullish sentiment among stock investors has caused risk appetite to be “suddenly twitchy,” according to Bank of America Corp strategist Michael Hartnett.

BofA strategist Hartnett sees shaky sentiment as US Fed pivot rattles bulls

Mega First Corp Bhd (KL:MFCB) announced that its executive director, Goh Nan Yang, will step down from his position effective Dec 31, upon the expiry of his employment contract.

Goh Nan Kioh's brother resigns as Mega First executive director after two decades 

Johor Plantations Group Bh (KL:JPG) has appointed Tg Langsat Development Sdn Bhd (TLD) as an earthwork and main infrastructure contractor for its Integrated Sustainable Palm Oil Complex (iSPOC) project in Johor for RM39.04 million.

Johor Plantations appoints JCorp unit as main infra contractor for Kota Tinggi palm oil project

The Malaysian Communications and Multimedia Commission (MCMC) on Friday published a code of conduct aimed at ensuring that internet messaging and social media service providers uphold online safety and security, particularly for children and vulnerable groups.

MCMC publishes code of conduct for social media service providers to address harmful content

Bank Negara Malaysia (BNM) has announced a series of interim measures to address the burden of rising medical insurance premiums on policyholders. These measures include spreading out premium increases over the next three years, effective until the end of 2026, and pausing certain premium adjustments for individuals aged 60 and above.

Medical insurance premium hike to be staggered and kept below 10% yearly, says BNM

Bank Negara Malaysia announced that the government, together with insurers, takaful operators (ITOs) and private hospitals, will contribute a total of RM60 million to speed up health reforms in the country.

BNM announces RM60 mil boost for healthcare reforms, including rollout of new payment model for private hospitals

Top Glove Corp Bhd (KL:TOPGLOV) expects further sales recovery and projects its glove sales volume in FY2025 to grow 60% to 43 billion pieces, on industry stock replenishment and increase in sales flow from the US as a result of the 50% tariff on China-made gloves set to start on Jan 1, 2025.

Top Glove flags 'start of comeback' as sales volume seen growing 60% in FY2025

The Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark inquiry into last year’s collapse of Credit Suisse.

Report finds Swiss bank watchdog blundered on Credit Suisse 

KUALA LUMPUR (Dec 20): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI slips 0.54% to 1,591.41 on Dec 20, 2024

KUALA LUMPUR (Dec 20): Hong Leong Investment Bank (HLIB) has concluded that the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) from the consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF) is not fair.

MAHB takeover: Adviser recommends acceptance but independent directors disagree

Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

YTL Power, YTL Corp continue to climb after MACC clearance

KUALA LUMPUR (Dec 20): Top Glove Corp Bhd (KL:TOPGLOV) returned to black with a net profit of RM5.47 million for its first quarter ended Nov 30, 2024 (1QFY2025), from a net loss of RM57.71 million in the corresponding quarter a year ago, thanks to higher sales volumes and increased foreign exchange gains.

Top Glove returns to profitability in 1Q on stronger sales

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

Southeast Asia has US$60b AI boom, but its own startups are missing out

KUALA LUMPUR (Dec 20): Malaysia’s inflation rate dipped to 1.8% in November this year, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia (DOSM) on Friday.&nbsp;

Inflation eases to 1.8% in November from 1.9% in October, driven by lower tech and clothing costs

KUALA LUMPUR (Dec 20): Crude palm oil (CPO) prices are expected to climb to a higher average of RM4,600 per tonne in 2025, from the projected average of RM4,200 per tonne this year, due to supply-side challenges, including weather disruptions and slow replanting progress.

Palm oil prices set to rise further in 2025 amid supply concerns, says MARC Ratings

KUALA LUMPUR (Dec 20): Mechanical and electrical (M&amp;E) engineering services provider CBH Engineering Holding Bhd (KL:CBH) has begun taking orders from its investors for its initial public offering (IPO) on Friday, to raise up to RM83.44 million on the ACE Market.

ACE-bound CBH Engineering starts taking orders for RM83m IPO

Bank Negara Malaysia (BNM) has announced a series of interim measures to address the burden of rising medical insurance premiums on policyholders. These measures include spreading out premium increases over the next three years, effective until the end of 2026, and pausing certain premium adjustments for individuals aged 60 and above.

KUALA LUMPUR (Dec 20): Analysts cut Aeon Credit Service (M) Bhd’s (KL:AEONCR) earnings projections due to elevated credit costs.

Analysts cut Aeon Credit’s earnings, TPs, on higher credit costs

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

Jury deliberates in Arm, Qualcomm trial after closing arguments wrap

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

Imperio Group partners Accor Group to open first international hotel in Alor Setar

There will be no increase in electricity tariff for all users in Peninsular Malaysia from Jan 1 to June 30, 2025, the Ministry of Energy Transition and Water Transformation announced on Friday.&nbsp;

Electricity tariff unchanged in 1H2025, but new tariff structure from 2H onwards — energy ministry

Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.

Singapore’s V Medical Aesthetics is said to mull IPO in Malaysia — Bloomberg

theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

Stocks with momentum on Dec 20, 2024: YTL Power, Ranhill and Bertam Alliance

Global stocks slid on Friday ahead of a possible US government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of US oil and gas.

Stocks slide as US govt shutdown looms, Trump targets Europe

Malaysia has agreed to resume the search for the wreckage of missing Malaysia Airlines Flight MH370, its transport minister said on Friday, more than 10 years after it disappeared in one of the world's greatest aviation mysteries.

Malaysia agrees to resume search for wreckage of missing Flight MH370

Catcha Digital Bhd (KL:CATCHA), formerly known as Rev Asia Bhd, is acquiring a 60% stake in Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million, cash, marking its entry into the automotive digital media sector, with a focus on Chinese and Malay language automotive content.

Catcha Digital expands into automotive digital media by investing in Drive 2 Digital 

China’s aggressive drive to replace brand-name foreign drugs with dirt-cheap homegrown generics has already taken a toll on global pharmaceutical companies’ local business. Now they’re almost nowhere to be found on the latest list of companies winning contracts to sell commonly used drugs to Chinese hospitals.

Chinese aspirin costing under a cent shuts out foreign firms

Tencent Holdings Ltd and stocks linked to the company rallied on Friday, fuelled by investor enthusiasm over a new gifting function on its popular WeChat platform.

Tencent, related stocks jump as WeChat gifting tool fuels rally

President-elect Donald Trump has threatened the European Union with tariffs if its member countries don’t buy more American oil and gas.

Yasmin Syazwina

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