KUALA LUMPUR (June 9): Cypark Resources Bhd is claiming RM61.34 million from the government for loss and expenses arising from various instructions that caused delays in the completion of a job through arbitration.

Cypark claims RM61m from govt for loss and expenses through arbitration

Kenanga Research reiterated its "overweight" call on the automotive sector, after seeing better earnings during the recently concluded results season for the January-March period (1Q2023).

Kenanga stays ‘overweight’ on autos after 1Q earnings accelerated

The Employees Provident Fund (EPF) recorded a 3% year-on-year (y-o-y) increase in investment income to RM15.16 billion for the first quarter ended March 31, 2023 (1QFY2023), from RM14.77 billion previously.

EPF records RM15b investment income for 1QFY2023, up 3% y-o-y

KUALA LUMPUR (June 9): Universiti Tenaga Nasional (Uniten) signed a memorandum of understanding (MOU) with HeiTech Padu Bhd on Thursday (June 8) to develop and engage in the CARES (Cybersecurity Advanced Research for the Energy Sector) programme.

Uniten, Heitech Padu inks collaboration on cybersecurity research, education

(June 9): ByteDance Ltd. is testing an artificial intelligence-powered chatbot among employees, joining rival Chinese internet conglomerates from Alibaba Group Holding Ltd. to Baidu Inc. in a race to create a local version of ChatGPT.

TikTok’s owner has code-named the project “Grac...

TikTok-owner tests ChatGPT-style bot after joining China AI race

MIDF Research maintained its positive view on the consumer sector, following the removal of chicken and egg price caps from July 1, as poultry players would have greater price flexibility in response to changes in input costs.

MIDF positive on consumer sector on end of chicken, egg price controls from July

It is premature to conclude that the ringgit/Singapore dollar (MYR/SGD) cross rate has started a new downtrend, after the ringgit depreciated to a fresh lifetime low of 0.2905 against the Singapore dollar on Thursday (June 8), said DBS Group Research.

DBS: Premature to conclude one-way fall in ringgit against Singapore dollar after fresh lifetime low

RAM Rating Services Bhd (RAM Ratings) has maintained its "stable" outlook for the Malaysian insurance and takaful sector, expecting the sector to stay resilient in the face of a changing landscape, market volatilities, and the normalisation of claims towards pre-pandemic levels.

RAM Ratings maintains 'stable' outlook on insurance, takaful sector

A total of RM83 million, derived from assets seized due to the misappropriation of 1Malaysia Development Bhd (1MDB) funds, has been allocated mostly to a special trust account under the Ministry of Finance (MOF), and the remainder in the government's revenue account.

RM83m in seized 1MDB assets safeguarded in special trust account by MOF and govt’s revenue account, says Azalina

KUALA LUMPUR (June 9): Sapura Energy Holdings Bhd shares were heavily traded during early session on Friday (June 9) with 235 million shares changing hands, more than six times its average daily trading volume, after it announced that it has secured 10 contracts worth RM1.4 billion.

Sapura Energy top active on RM1.4b wins, but analyst cautions against liquidity constraints to execute jobs

KUALA LUMPUR (June 9): Bursa Malaysia rebounded to open higher on Friday (June 9), taking its cue from Wall Street’s strong overnight performance ahead of the United States (US) Federal Reserve (Fed) interest rate decision next week.

Bursa Malaysia rebounds on stronger Wall Street

KUALA LUMPUR (June 9): MSM Holdings Bhd aims to advocate for structural changes in its discussions with the government during the third quarter of this year, to tackle the country’s largest sugar refinery issue of negative margins, which the imposition of retail prices has caused.

MSM: Structural changes in refined sugar prices important to address issue of negative margins

KUALA LUMPUR (June 9): RHB Investment Bank upgraded Gamuda Bhd to “buy” from “neutral”, with a new RM4.95 target price (TP) from RM4.35, as the research house views the stock as a strategic hedge towards downside risks from the local construction sector, given its sizeable overseas footprint.

RHB upgrades Gamuda to ‘buy’ with higher TP of RM4.95

While retail trade continued its double-digit growth trend for the first three months of this year, it was in stark contrast to the drop in consumer sentiment recorded in the same period, and the largely disappointing corporate earnings reported by consumer-related companies on Bursa Malaysia.

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