A former accounts clerk with a local law firm claimed trial on Thursday (June 1) to nine charges of criminal breach of trust (CBT) for withdrawing money from the firm's accounts amounting to almost RM1 million for his own personal use.

Former accounts clerk with local law firm claims trial to nine CBT charges 

OCBC Bank (Malaysia) Bhd has arranged a syndicated term facility of up to US$700 million (about RM3.23 billion) for Edotco Group’s subsidiary Edotco Investments (Labuan) Ltd.

OCBC Bank arranges Edotco Group's US$700m loan syndication

KUALA LUMPUR (June 1): The termination of Prof Dr Md Nasir Ibrahim’s service as the chief executive officer of the Malaysian National Film Development Corporation (Finas) effective Thursday (June 1) is a decision by its board of directors (BOD), said Minister of Communications and Digital Fahmi Fadzil.

Fahmi: Termination of Md Nasir Ibrahim as Finas CEO was board of directors’ decision

Bursa Malaysia’s main index pared losses at midday as banking stocks were lifted by bargain hunters and the slightly improved sentiment following the passage of the US debt ceiling bill by a wide margin.

Gains in banking stocks trim FBM KLCI's losses at midday

KUALA LUMPUR (June 1): Analysts are mixed on IHH Healthcare Bhd’s prospects for the full financial year 2023, despite the healthcare group posting robust performance in the first quarter ended March 31, 2023 (1QFY2023).

Analysts mixed on IHH’s prospects despite robust 1QFY2023 performance

theedgemalaysia.com highlighted two stocks with negative momentum and three stocks with positive momentum at Bursa Malaysia’s afternoon break on Thursday (June 1).

Acme, SCIB, UCrest, SSBB, YTL Corp

CGS-CIMB expects Hong Leong Bank Bhd (HLB) to post a weaker performance for the fourth quarter ending June 30, 2023 (4QFY2023), amid a lower net interest margin estimated for the quarter.

CGS-CIMB reaffirms 'add' call on Hong Leong Bank despite 9M net profit below expectations

KUALA LUMPUR (June 1): Telekom Malaysia Bhd (TM) has inked a memorandum of understanding (MOU) with ZTE Malaysia Corporation Sdn Bhd to collaborate on a range of research and development (R&D) innovations under its latest strategic partnership programme.

TM, ZTE ink MOU to collaborate on R&D innovation

KUALA LUMPUR (June 1): The National Film Development Corporation (Finas) deputy director-general (Management) Rozita Waty Ridzuan is discharging the duty of the agency’s chief executive officer (CEO), effective Thursday (June 1), pending the appointment of a candidate for the post.

Rozita Waty discharges duty as Finas CEO

Synergy House Bhd, a cross-border e-commerce seller and furniture exporter of ready-to-assemble home furniture, opened at 38 sen on Thursday (June 1) on its debut on the ACE Market of Bursa Malaysia, 11% lower than its initial price offering (IPO) price of 43 sen.

Synergy House opens 11% lower at 38 sen on ACE Market debut

Former Green Packet Bhd group managing director Puan Chan Cheong, more familiarly known as CC Puan, has been declared bankrupt by the Kuala Lumpur High Court after failing to meet the requirements of bankruptcy notices filed on May 24 last year.

CC Puan declared bankrupt for failing to settle RM31m owed to Medinis, Everegion

KUALA LUMPUR (June 1): Bahvest Resources Bhd’s share price was actively traded in Thursday (June 1) morning trade, after the gold mining company announced the resignation of its managing director and chief executive officer (CEO) Datuk Lo Fui Ming and his son Lo Teck Yong from its board.

Bahvest shares traded actively, share price rises on boardroom changes

NCT Alliance Bhd posted a net profit of RM7 million for its first quarter ended March 31, 2023.

In a statement on May 31, the developer said the figure was lower than the RM8 million it recorded a year earlier, primarily due to the expense of RM3.5 million incurred from the group’s employee share scheme.

NCT Alliance posts RM7m net profit in 1Q

BRUSSELS (June 1): Malaysia’s Deputy Prime Minister Datuk Seri Fadillah Yusof visited the Port of Antwerp-Bruges International (PoABI) as part of his official visit to Belgium on Wednesday (May 31).

Malaysia

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