The Securities Commission Malaysia (SC) said it is looking into a complaint filed by South Malaysia Industries Bhd (SMI), in which the group accused that some parties acting in concert violated the Capital Markets and Services Act 2007 (CMSA) in accumulating shares without making a mandatory general offer (MGO).

SC to look into SMI's complaint alleging breach of mandatory general offer requirements by parties acting in concert

KUALA LUMPUR (Sept 7): Boustead Naval Shipyard Sdn Bhd (BNS) has assured that there will be no major delays in the construction of littoral combat ships (LCS) despite its termination of two main contractors of the project.

No further delay in LCS project despite termination of contractors — BNS

KUALA LUMPUR (Sept 7): Malaysian semiconductors players’ latest quarterly results were largely mixed with growth of certain companies moderating, weighed by prolonged supply chain disruptions and the easing of consumer electronics demand from the pandemic high.

Malaysia’s semiconductor outlook turns cloudy after mixed 2Q earnings

KUALA LUMPUR (Sept 6): Boustead Heavy Industries Corp Bhd (BHIC) will not be penalised for mismanagement and irregularities related to the troubled littoral combat ship (LCS) project.

No penalty for BHIC over LCS mismanagement

KUALA LUMPUR (Sept 2): With the upsized dividend of RM50 billion from Petroliam Nasional Bhd (Petronas) this year, economists are optimistic that it will be sufficient to help fund the government’s subsidy bill, which is expected to eventually hit a whopping RM80 billion — the highest in history.

Additional RM25 bil dividend from Petronas can meet hefty subsidy bill, say economists

The number of reported cybercrime incidents in Malaysia has grown over time, especially with banks and their customers as targeted victims.

Cybercrime incidents on the rise in Malaysia, says Sophos

Electronic prescription telemedicine provider DOC2US aims to raise between US$8 million to US$10 million which will be utilised for research and development (R&D) in its e-pharmacy model, data analytics and human resources.

DOC2US seeks to raise US$8 million to US$10 million for expansion

Lim Hwee Bin, the wife of former Goldman Sachs banker Roger Ng Chong Hwa who is indicted in the United States (US), is scheduled to leave Malaysia and testify in her husband's defence next week.

Roger Ng's wife to travel to US next week to testify

In an exclusive interview, SEMI president and CEO Ajit Manocha (pictured) said the longer-term growth outlook is exceptional and exciting, with projections pointing to the industry more than doubling revenue to approximately US$1.3 trillion (RM5.43 trillion) by 2030.

Global semiconductor equipment materials industry revenue to hit US$1.3tril by 2030, says SEMI

KUALA LUMPUR (July 9): As the nation labours to move forward in fighting the coronavirus pandemic, Sunway Education Group announces exciting news for students with the opening of its Sunway International School’s new campus in January 2023.

Sunway Education Group’s new RM300 mil school campus to open in 2023

Sarawak and Sabah hold the ignominy of having the highest sales of illicit cigarettes in Malaysia which costs an estimated RM5 billion in tax revenue to the government annually.  

In an email response to theedgemarkets.com, Retail and Trade Brands Advocacy Malaysia (RTBA Malaysia) said that in Sarawak, illicit cigarettes made up 86.1% of market share versus legitimate cigarettes, while it is 81% in Sabah.

Sarawak, Sabah top spots for illicit cigarettes

Utusan Malaysia, the oldest Malay-language newspaper in the country, will carry on despite the operational shutdown of its former holding company Utusan Melayu (M) Bhd today, says the latter's executive chairman Datuk Abd Aziz Sheikh Fadzir.

"Utusan will live on. We are liquidating the holding company but the ownership of the printing licences [has] been acquired by Aurora Mulia and they will relaunch publications in the near future," Abdul Aziz told theedgemarkets.com.

'Utusan will live on,' says executive chairman

KAJ Development Sdn Bhd will resume two projects under the RM43 billion Melaka Gateway plan after the Transport Ministry allowed the company to appeal against the government's earlier decision to scrap the development.

Melaka Gateway developer to resume projects, withdraws suit

Telekom Malaysia Bhd (TM) said today the sale of non-core property assets, such as land and buildings, is consistent with the group's strategy to create long-term value shareholders by strengthening the balance sheet and focusing the company's portfolio on its core business that will drive growth.

TM: Non-core property asset sale to create long-term value for shareholders

The top diplomats from Japan, China and South Korea met in Tokyo on Saturday, seeking common ground on East Asian security and economic issues amid escalating global uncertainty.

Japan, China, South Korea meet at geopolitical 'turning point in history'

US President Donald Trump on Friday took away security clearances for former vice president Kamala Harris, former secretary of state Hillary Clinton and others in his latest move against his Democratic opponents.

Trump pulls security clearances for Kamala Harris, Hillary Clinton

Thailand unveiled draft legislation to create a special economic zone in the south of the country that would pave the way for a multibillion-dollar transport project linking the Indian and Pacific Oceans.

Thailand drafts law to speed up US$29 bil transport link

Five Malaysians and two Taiwanese have been criminally charged in the US for alleged roles in a ‘pump-and-dump’ investment fraud scheme involving Nasdaq-listed China Liberal Education Holdings Ltd (CLEU) that resulted in the US government’s seizure of US$214 million (RM946 million).

Five Malaysians charged in ‘pump-and-dump’ stock fraud scheme with US$214 mil seized

The Agriculture and Food Security Ministry has assured that there is ample supply of eggs in Malaysia to meet domestic needs.

Ample supply of eggs to meet domestic demand — Mohamad Sabu

Before President Donald Trump took office for a second time, European officials thought they had him figured out. He was transactional, they said, a man motivated by a good deal.

Trump’s makeover of US diplomacy leaves many allies at a loss

Tesla Inc’s stock is in a freefall. Its sales are plunging around the world. Even its most avid Wall Street bulls are turning cautious. But one group is buying the electric-vehicle maker’s shares like never before: chief executive officer Elon Musk’s fans.

Tesla’s retail fans buy the stock at a pace never seen before

The Malaysian Anti-Corruption Commission (MACC) is seeking Mak Siew Wei, a suspended executive director of Erdasan Group Bhd (KL:ERDASAN), to assist in an investigation.

MACC seeking Erdasan's suspended ED Mak Siew Wei to assist in investigation

Barisan Nasional (BN) has changed the date for announcing its candidate for the Ayer Kuning state by-election from April 5 to April 7, according to Perak BN chairman Datuk Seri Saarani Mohamad.

BN moves date to announce candidate for Ayer Kuning polls to April 7

Malaysia Aviation Group’s (MAG) purchase of new Boeing aircraft is an investment which will strengthen Malaysia’s position as a key player in the global aviation industry.

MAG's purchase of new Boeing aircraft strengthens Malaysia's position in global aviation industry — Zafrul

The slew of special dividends announced by Bursa Malaysia companies towards end-2024 has certainly given the impression that listed companies declared and paid out more dividends to their shareholders for the financial year 2024 (FY2024) than in previous years.

Who paid the highest dividends in FY2024?

The Malaysian Anti-Corruption Commission (MACC) is seeking Mak Siew Wei, a suspended executive director of Erdasan Group Bhd (KL:ERDASAN), to assist in an investigation.

Tesla Inc’s stock is in a freefall. Its sales are plunging around the world. Even its most avid Wall Street bulls are turning cautious. But one group is buying the electric-vehicle maker’s shares like never before: chief executive officer Elon Musk’s fans.

The Trump administration will revoke temporary legal status from potentially more than half a million migrants who entered the US legally under a Biden-era programme, according to a notice posted Friday in the Federal Register.

Trump to strip legal status from 532,000 migrants living in US

Five Malaysians and two Taiwanese have been criminally charged in the US for alleged roles in a ‘pump-and-dump’ investment fraud scheme involving Nasdaq-listed China Liberal Education Holdings Ltd (CLEU) that resulted in the US government’s seizure of US$214 million (RM946 million).

Even as US stocks seek to regain their footing, weakness in a closely followed index of transportation shares is a sign of growing investor worries about the economy.

Dow transports index slump poses trouble spot as investors seek stocks stability

Turkish stocks were set for their worst week since the aftermath of 2008's Lehman Brothers collapse on Friday as concerns about this week's detention of President Tayyip Erdogan's main political rival refused to subside.

Türkiye's market rout worsens amid protests, worst stock slump since 2008

Prime Minister Mark Carney on Friday said Canada could offset the effects of any US tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after meeting provincial and territorial leaders.

Canada aims for free internal trade that can offset any US tariffs, PM Carney says

The top diplomats from Japan, China and South Korea met in Tokyo on Saturday, seeking common ground on East Asian security and economic issues amid escalating global uncertainty.

Malaysia Aviation Group’s (MAG) purchase of new Boeing aircraft is an investment which will strengthen Malaysia’s position as a key player in the global aviation industry.

Elon Musk’s X plans to buy back the last remaining piece of debt tied to the buyout of the social network that Wall Street banks have been stuck holding for years, according to a person with knowledge of the matter.

X plans purchase of last US$1.2 bil buyout debt held by banks

Before President Donald Trump took office for a second time, European officials thought they had him figured out. He was transactional, they said, a man motivated by a good deal.

Barisan Nasional (BN) has changed the date for announcing its candidate for the Ayer Kuning state by-election from April 5 to April 7, according to Perak BN chairman Datuk Seri Saarani Mohamad.

The effects of falling birth rates and rising life expectancy are increasingly evident in advanced economies like Germany, Italy, and Japan. Labor markets are tightening, worker shortages are worsening, and families are struggling to find care for aging parents. In some areas, declining student n...

Frontiers of Growth: Emerging Economies Must Get Rich Before They Get Old

US President Donald Trump on Friday took away security clearances for former vice president Kamala Harris, former secretary of state Hillary Clinton and others in his latest move against his Democratic opponents.

The Agriculture and Food Security Ministry has assured that there is ample supply of eggs in Malaysia to meet domestic needs.

Thailand unveiled draft legislation to create a special economic zone in the south of the country that would pave the way for a multibillion-dollar transport project linking the Indian and Pacific Oceans.

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