Gamuda Land has opened the new RM150mil Gamuda Cove Interchange, providing direct access from the ELITE Highway to the 1,530-acre township.</div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: ELITE interchange to Gamuda Cove opens

A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve out his prison term under house arrest.

Supporters turn up to Najib solidarity rally

PIE Industrial Bhd (KL:PIE) is seen as a major beneficiary of global supply chain shifts and technological trends, according to Maybank Investment Bank.

The house noted that as an EMS provider, PIE is poised to benefit from new sources of earnings growth.

Maybank initiates a 'buy' on PIE on trade diversion, data centre boom

A three-member Court of Appeal bench on Monday ruled to allow former prime minister Datuk Seri Najib Razak’s appeal, to have the merits of his challenge over the existence of an addendum, purportedly issued by the 16th Yang di-Pertuan Agong for him to serve the remainder of his jail sentence under house arrest, to be heard at the High Court.

Najib's addendum appeal allowed via majority decision, case reverted to High Court

KUALA LUMPUR (Jan 6): Shares of NationGate Holdings Bhd (KL:NATGATE) hit a fresh high on Monday, after gaining 23 sen or 9.1% at RM2.75, becoming the fifth biggest gainer on Bursa Malaysia.

NationGate hits new record high on first mover advantage, deliveries of AI GPU servers

AUTOMOTIVE and industrial equipment player Sime Darby Bhd (KL:SIME) is understood to be in talks to acquire a chunk of the retail and after-sales business of Ingress Corp Bhd, sources familiar with the matter tell The Edge.

They say the talks are at an advanced stage and involve Sime Da...

Sime Darby to buy Ingress’ BMW and Mini operations, say sources

KUALA LUMPUR (Jan 6): Iconic Penang Sdn Bhd (Iconic Group) has soft launched Iconic Marjorie Hotel, a Marriott International Tribute Portfolio Hotel brand, in Sungai Nibong, Bayan Lepas on Dec 28, 2024. It was developed at a cost of RM180 million and is the first hotel in Penang with the Green Building Index (GBI) rating,

Iconic Group opens Penang’s first GBI Gold-standard hotel

(Jan 6): Shares in Nippon Steel Corp dipped on Monday, the first day of trading since US President Joe Biden blocked the Japanese company’s planned US$14.1 billion (RM63.68 billion) takeover of United States Steel Corp.

Nippon Steel slides after Biden blocks US Steel takeover

PETROLIAM Nasional Bhd’s (Petronas) wholly-owned KLCC Property Holdings Bhd (KLCCP) is believed to be in the midst of taking over Bandar Malaysia, the land near Sungai Besi on which the former Royal Malaysian Air Force (RMAF) base was located, from the Ministry of Finance (MoF) in a deal estimate...

KLCC Property said to be buying Bandar Malaysia for over RM10 bil

KUALA LUMPUR (Jan 6): The High Court has set Aug 13 and 14, and Aug 18 to Aug 21 this year for the defamation suit of former prime minister Tun Dr Mahathir Mohamad against current Prime Minister Datuk Seri Anwar Ibrahim.

Mahathir’s RM150m defamation suit against Anwar to begin on Aug 13

KUALA LUMPUR (Jan 6): Shares of glove manufacturers rallied on Monday in active trade amid reports of new virus infections in China, though authorities have downplayed the infections as seasonal winter peak.

Glove stocks rally amid reports of new virus infections in China, MIDF shrugs off potential demand spike

A three-member Court of Appeal bench on Monday ruled to allow former prime minister Datuk Seri Najib Razak’s appeal, to have the merits of his challenge over the existence of an addendum, purportedly issued by the 16th Yang di-Pertuan Agong for him to serve the remainder of his jail sentence under house arrest, to be heard at the High Court.

Cafe chain operator Oriental Kopi Holdings Bhd set its initial public offering (IPO) price at 44 sen apiece in a share sale that would raise RM183.96 million ahead of its listing on the ACE Market.

ACE Market-bound Oriental Kopi to raise RM184 mil, sets IPO price at 44 sen

A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve out his prison term under house arrest.

Pahang exco member Datuk Nizar Najib has produced a letter from the Royal Pahang Household, purportedly verifying the existence of the Jan 29, 2024, addendum that allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.

Nizar Najib produces letter purportedly from Pahang comptroller, allegedly verifying addendum

KUALA LUMPUR (Jan 6): Shares of glove manufacturers rallied on Monday in active trade amid reports of new virus infections in China, though authorities have downplayed the infections as&nbsp;seasonal winter peak.

KUALA LUMPUR (Jan 6): Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.

Binastra may be preferred contractor for property projects worth RM10b, Mercury starts coverage on 'buy'

KUALA LUMPUR (Jan 6): Shares of NationGate Holdings Bhd (KL:NATGATE) hit a fresh high on Monday, after gaining 23 sen or 9.1% at RM2.75, becoming the fifth biggest gainer on Bursa Malaysia.

Senior federal counsel Shamsul Bolhassan, representing the government and other respondents in Datuk Seri Najib Razak’s appeal over a purported addendum, told the Court of Appeal on Monday that the addendum was never discussed or brought up during the Federal Territory Pardons Board’s 61st meeting on Jan 29 last year.

AGC claims no due diligence on Najib’s part to produce additional evidence on purported addendum, maintains February release as main order

Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that should underline the relative outperformance of the US and support the dollar's ongoing bull run.

Shares patchy in Asia, Canadian dollar up on Trudeau report

(Jan 6): The Australian dollar slid the most in six years in 2024 but its decline looks far from over — there’s every prospect it will fall below 60 US cents (RM2.70)&nbsp;in coming months.

Bears see Aussie dollar drop to 60 cents as Trump readies China tariffs

PUTRAJAYA (Jan 6): Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Dr Mohd Irwan Serigar Abdullah, who is former treasury secretary general, will bring in two former 1MDB board members as third parties in a US$6.59 billion suit filed by the strategic development company against him and former 1MDB president Arul Kanda Kandasamy. This follows the Federal Court’s ruling to dismiss their application for leave to reverse an earlier Court of Appeal’s (COA) decision that had allowed Irwan to bring in the two former board members as third parties.

Two ex-directors to be included as third parties in US$6.59b 1MDB suit after Apex court denies them leave to appeal

Justin Trudeau is expected to announce his resignation as leader of Canada’s Liberal Party this week, the Globe and Mail reported, a move that would trigger a race to replace him as prime minister.

Canada’s Trudeau is likely to resign this week — report

(Jan 6): The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.

Singapore hospital operator Perennial targets wealthy boomers in China

Demand for Malaysia’s palm oil could rise if Indonesia goes through with its plan to raise export levy to support the higher biodiesel mandate, TA Securities said on Monday.

Raising the export levy to 10% would add US$26.49 per tonne, making Indonesian crude palm oil (CPO) even more expensive than Malaysia’s product, the research house said. The price of Indonesia’s palm oil is already at a premium of US$146.30 per tonne above that of Malaysia, it noted.

Demand for Malaysian palm oil could rise if Indonesia raises exports levy — TA Securities

theedgemalaysia.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close on Monday. 13 stocks showed negative momentum, while only one stock showed positive momentum.

Stocks with momentum on Jan 6, 2025: Kumpulan Fima, Eurospan, Velocity Capital, Inta Bina, Radiant Globaltech, Ramssol, Evergreen Max Cash, Minox, Carlsberg, Lien Hoe, Southern Steel, Aeon Co, Xin Synergy and Wong Engineering

Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd. &nbsp;

MIDF: Local institutions back Bursa Malaysia for 11th straight week

KUALA LUMPUR (Jan 6): U Mobile has signed an agreement with the Federal Land Development Authority (Felda), in which&nbsp;the telco will play a critical role in supporting the group in its digital transformation drive.&nbsp;

U Mobile, Felda ink agreement to support digital transformation

SINGAPORE (Jan 6): Singapore-headquartered data-centre company Digital Edge said on Monday that it had raised over US$1.6 billion (RM7.21 billion) in new capital via a combination of equity and debt financing, to fund its next phase of growth.

Singaporean data-centre firm Digital Edge raises over US$1.6b

KUALA LUMPUR (Jan 6): Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern &amp; Oriental Express Sdn Bhd (E&amp;OE) to undertake construction works in Elmina West, Shah Alam, Selangor.

Kerjaya Prospek wins first job in 2025 — RM256m contract in Shah Alam for E&O’s unit

（吉隆坡6日讯）华阳（Oriental Kopi Holdings Bhd）将在创业板上市，首次公开募股（IPO）发售价定为每股44仙，预计可筹集1亿8396万令吉。