The urgency of climate change is becoming increasingly apparent, with Malaysia experiencing more frequent and intense weather-related disasters, food insecurity and water scarcity. The effects of climate change are accelerating faster than predicted. Certainly, there is a need for an emergency re...

Trust In Resilience: Accelerating carbon capture adoption in Malaysia

Spain celebrated; England wept. But contrasting emotions at the end of the European Championships were not confined to one nation’s swift reclamation of the podium and the other’s perennial pain. The tournament’s joyous return to party mood after the pandemic was a welcome distraction from politi...

Business Of Sports: Football is becoming more of an entertainment than a sport

In the wake of the Great Recession of 2008-2009, practically everyone seemed convinced that China’s economy would surpass that of the US by 2030. Today, China is facing a range of crises that could spell doom for its economic “miracle”. In an effort to get back on track — and strengthen its strat...

The New Global Economy: The US needs a techno-industrial strategy

It is now fashionable in education marketing to add “A” to “STEM”, as a means to extend and deepen the range of topics a school covers. While teaching science, technology, engineering and mathematics (STEM) to the young has been commendable in many ways, albeit mainly in providing talent to corpo...

Picking On The Present: Making the most of the promising epistemological shift from STEM to STEAM

There are growing calls to rethink the dominant paradigm in economic policymaking, which is the pursuit of continued economic growth. The argument for “degrowth” is usually applied to developed economies on the basis that, beyond a point, economic growth does not improve social welfare and in fac...

My Say: Balanced economic growth is the way ahead

Proponents of freedom of expression and the press believe that they can be self-regulated and be responsible enough to ensure that what they say, write, critique and post on the internet is always right. It is also within their democratic rights. After all, this is the age of digital democracy.

My Say: From digital democracy to anarchy

Some years ago, the management of a manufacturing company proposed to expand beyond its core business of producing plastic moulds. The management’s logic was to utilise the asset-rich balance sheet to diversify the business.

The proposal was promptly shot down by the board. The reason w...

Alternative Views: Review HRD Corp levy or return surplus funds

Nominee directors are common in Malaysia. Section 217 of the Companies Act 2016 (CA 2016) expressly lays down that a nominee director is one who is appointed to the company by virtue of being an employee of the nominator, or as a representative of a member, employer or debenture holder, and he ha...

My Say: Duties and potential liabilities of nominee directors and their appointors

Today, environmental, social and governance (ESG) considerations have transcended to vital importance in corporate strategy. This shift in significance is a result of growing recognition that long-term business success is hinged on sustainable practices. As a result, ESG factors have started yiel...

My Say: Embracing tax governance in ESG

Malaysia’s recent foreign direct investment (FDI) data for 2023 reveals a significant year-on-year drop to RM40.4 billion, down from RM75.4 billion in 2022. When the news broke, I was repeatedly asked, “Is this true?” Yes, the data is accurate. This headline figure has understandably raised conce...

ECONtemplation: Malaysia’s FDI inflow still strong in 2023, but will it last?

In today’s complex financial landscape, digitalisation is more relevant than ever. Financial institutions are always looking to optimise operations while cutting costs, and with the advent of blockchain technology, tokenisation holds the possibility of delivering value by addressing some common p...

My Say: Tokenisation and the national capital market

The tech business is investment-intensive and also cyclical in nature, requiring large investments in expensive equipment, as well as high-cost talent to produce products or software that may or may not achieve commercial success.

As former McKinsey analyst Eric Beinhocker observed in h...

Condivergence: How tech companies should finance their operations

Walking through the Chow Kit Road maze, one can’t miss Koperasi Pasar Chow Kit Road Bhd. Inside this wet market, it is a visually captivating scene. One is confronted by the vibrant and colourful mosaic of the food trade in the wide range of produce and products being sold. It is an experience fo...

My Say: A model cooperative for social integration: Koperasi Pasar Chow Kit Road Bhd

For some time, most multilateral financial institutions have urged developing countries to borrow commercially, but not from China. Now, borrowers are stuck in debt traps with little prospect of escape.

More debt, less growth since 2008

The last decade and a half has seen pr...

My Say:  US Fed-induced world stagnation deepens debt distress

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

A new recruitment of 3,950 staff, comprising 3,200 medical officers, 350 dental officers and 400 pharmacy officers, will be made through contract (interim) appointments, the Ministry of Health (MOH) said.

More than 3,900 contract officers to be appointed in latest recruitment — MOH

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

The government will now determine the locations for distributing subsidised cooking oil packets to retail outlets to prevent further leakage of controlled goods, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.

KPDN to set subsidised cooking oil distribution locations to curb leakage — Armizan

Digital Penang has announced the Market Access Thailand programme, which aims to propel Penang’s startups into Thailand’s market and create opportunities for exponential growth and innovation.

Digital Penang announces cross-border startup collaboration with Thailand

Apollo Global Management Inc has agreed to buy International Game Technology plc’s (IGT) gaming division and the gambling machines company Everi Holdings Inc in a US$6.3 billion (RM29.38 billion), all-cash deal that will see the two businesses merged.

Apollo funds to buy IGT’s gaming, Everi in US$6.3 bil deal

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

（吉隆坡26日讯）德信控股（DXN Holdings Bhd）（KL:DXN）首季净利按年增长10.26%，得益于整体营运业务营业额上涨。&nbsp;

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