Malaysia is not new to the rare earth industry. Historically, the country has been a significant player, exporting rare earths produced from monazite. However, the industry faced setbacks due to environmental concerns, most notably the closure of Asian Rare Earth due to the high concentration of ...

My Say: Rare earth industry: Challenges, opportunities and the path forward

THE award of the second 5G network to U Mobile on Nov 1 has kicked up a storm. Four bids were submitted, from CelcomDigi, Maxis, U Mobile and TM. Maxis, for instance, once widely seen as the frontrunner, is seeking to talk to the Malaysian Communications and Multimedia Commission (MCMC) on what e...

Cover Story: Will the second 5G network benefit Malaysians with lower prices and better service?

EIGHTEEN months after its decision to abandon the single wholesale network (SWN) structure and transition to a dual 5G network, Malaysia sprang yet another surprise by selecting U Mobile Sdn Bhd, the third and smallest of the three bidders that qualified, for the coveted second 5G spectrum bid on...

Cover Story: Untangling the second 5G network puzzler 

When discussing quantitative investments, names like Renaissance Technologies, Citadel and Millennium often dominate the conversation. However, this Western-centric view may overlook innovative developments closer to home, particularly in the realm of Islamic finance.

Recent advancement...

My Say: The evolution of quantitative investing in Islamic finance

On April 4, the Ministry of Health (MoH) implemented the Guideline on Natural Products with Modern Claim, bolstering the regulatory framework for natural products in the country. This initiative is poised to stimulate growth in the natural products industry, leveraging Malaysia’s rich biodiversit...

My Say: The role of natural medicine in shaping next-generation research

AS soon as I walked out of Phoenix Sky Harbor International Airport’s Terminal 3, I spotted a young woman trying to open the boot of a driverless Waymo and get her luggage out. You can’t open the doors or trunk of a robotaxi without pressing the right button on your smartphone app. The Google-con...

Tech: My day in Phoenix in driverless Waymo robotaxis

A growing number of local companies are plugged into the global medical technology (medtech) supply chain.

The Association of Malaysian Medical Industries (AMMI) Economic Impact Survey 2023/24 found that among its members, a total of RM4.1 billion was spent on the local sourcing of mate...

Local companies increasingly integrated into medtech global supply chain

TNG Digital Sdn Bhd, which operates TNG eWallet, is set to turn in its first full-year profit next year amid aggressive plans to leverage its broader range of products to strengthen its market share.

Speaking to The Edge in an exclusive interview at its headquarters in Kuala Lumpur, CEO...

TNG Digital foresees first full-year profit in 2025 amid plans to deepen user relationship

HOMEGROWN fertility care specialist Alpha IVF Group Bhd (KL:ALPHA) is embarking on an ambitious expansion in Asia, setting its sights on Indonesia, China and the Philippines, after establishing its presence in Malaysia and Singapore.

Following its recent listing on the ACE Market of Bur...

Alpha IVF not putting all eggs in one basket, eyes regional expansion

"It’s the economy, stupid!” This famous mantra, coined by the political strategist James Carville, helped Bill Clinton unseat President George H W Bush in 1992, and now it explains another election. The economy played a critical role in the 2024 presidential race, creating the conditions not only...

The Risk Factor: Once again, it was the economy, stupid

As we enter the final two months of 2024, what are the expectations for the semiconductor industry? TechInsights’ 2025 semiconductor manufacturing outlook estimated that integrated circuit (IC) sales will witness increases of 17% and 14% in silicon demand and semiconductor capital expenditure res...

Condivergence: Outlook for semiconductor manufacturing equipment market remains fair

LAST Monday, Datasonic Group Bhd (KL:DSONIC) announced that it had bought 51% equity interest in Innov8tif Holdings Sdn Bhd for RM40 million in cash from Revenue Group Bhd (KL:REVENUE).

Innov8tif Holdings and its subsidiaries Innov8tif Solutions Sdn Bhd, Xendity Sdn Bhd and Innov8tif So...

The tale of Innov8tif and five public-listed companies

DISCRETIONARY consumer businesses are likely to be the most affected by the impending rise in operating costs next year as they have less leeway to pass on the increase compared with those supplying basic necessities, analysts say.

Looming ahead in 2025 are the hike in the minimum wage ...

Discretionary consumer stocks under spotlight on expected rise in operating costs  

THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.

At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

Canadian retail sales rose for the fourth straight month, the longest growth streak since early 2022, signalling the central bank’s interest-rate cuts are boosting consumer spending.

An advanced estimate suggests receipts for retailers jumped 0.7% in October, the strongest pace since July, following a 0.4% gain in September, Statistics Canada said on Friday.

Canada retail rebound accelerates into start of 4Q

Apple Inc and Alphabet Inc risk a formal UK investigation over their dominance of web browsers on mobile phones, according to a provisional decision targeting the tech giants’ stranglehold on mobile operating systems.

Apple, Google risk UK probe over mobile browser dominance

EVENING 5: MACC will continue to investigate Daim and family

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

EVENING 5: Five things you need to know today

Gold prices rose over 1% to hit a two-week peak on Friday, heading for the best weekly performance in more than a year, buoyed by safe-haven demand as Russia-Ukraine tensions intensified.

Gold jumps, on track for best week in over a year on safe-haven demand

Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.

Icon Offshore signs definitive agreements for previously announced acquisitions worth over RM400m

Environmental engineering consultancy firm Progressive Impact Corp Bhd (KL:PICORP) has bagged a RM14.74 million contract from water utility company Pengurusan Air Selangor Sdn Bhd (Air Selangor) to provide water quality control service in Selangor.

Progressive Impact bags RM14.7 mil contract from Air Selangor  

Cradle Fund Sdn Bhd, the focal agency for Malaysia’s startup ecosystem, has partnered with digital securities exchange platform Kapital DX Sdn Bhd (KLDX) to provide Malaysian startups with an alternative avenue for fundraising.

Cradle Fund partners KLDX to introduce alternative fundraising platform for startups

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

Affin Bank Bhd (KL:AFFIN) on Friday cut some of its key financial expectations for the full year even as net profit surged in the third quarter, as the company continues efforts to improve profitability.

Affin Bank cuts key expectations even as 3Q net profit surges

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.

CapitaLand warns of China losses as Singapore property investor cuts exposure

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.

Penang welcomes HK Express’ inaugural flight from Hong Kong

Gold looked set for its largest weekly gain in over 13 months on Friday as escalating geopolitical tensions drove investors to safe assets, while a tech rebound led Asian equities higher after worries over Nvidia's sales growth eased.

Gold surges over broader Ukraine war fears; tech stocks rebound

KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;

Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.

Inflation in Malaysia picks up slightly in October, official data shows

Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week. &nbsp;

Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

Malaysia's international reserves rebounded and added about US$400 million (RM1.79 billion) by the middle of November.

Malaysia's foreign exchange reserves rebounded to US$118b in mid-November, BNM data show

KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook for homeowners, said MBAM president Oliver HC Wee.&nbsp;

MBAM supports CIDB’s decision to retract quality guidebook for homeowners

Mah Sing Group Bhd's (KL:MAHSING) M Luna condominium development in Kepong has achieved a Qlassic score of 86%, the highest for an M Series project, according to a press statement on Friday.

Mah Sing's M Luna condo in Kepong achieves 86% Qlassic score

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

Analysts are projecting a stronger showing from Sunway Construction Group Berhad (KL: SUNCON) in 4Q2024, driven by significant job progress, especially data centre (DC)-led projects.

Analysts expect stronger 4Q for Sunway Construction

Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.

Top Glove in JV for high density polyethylene glove biz

The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.

We have no information on Jho Low's whereabouts, says IGP

Buyout firm Affinity Equity Partners is in talks to acquire Malaysian seafood supplier Golden Fresh Sdn Bhd, according to people familiar with the matter.

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