KUALA LUMPUR (Sept 11): Energy stocks were the largest losers on Bursa Malaysia, fallen all the way back to early this year, as Brent crude oil dipped below US$70 (RM303.15) a barrel on concerns of slowing economic growth.

Energy stocks erase 2024 gains as Brent dips below US$70

Globetronics Technology Bhd (KL:GTRONIC) on Tuesday saw a steep sell-off that has dragged its new substantial shareholder APB Resources Bhd (KL:APB) into a paper loss of RM102 million since it bought into the outsourced semiconductor assembly and test firm in February.

Globetronics plummets as auditor resigns, dragging new shareholder APB into RM102m paper loss

Shares of Gamuda Bhd (KL:GAMUDA) fell as much as 4.32% in the morning session on Monday, on news of an embankment collapse at its construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project at Taman Mas, Puchong.

Gamuda shares down 4% on Rasau project embankment collapse

KUALA LUMPUR (Sept 5): Shares of YTL Power International Bhd (KL:YTLPOWR) extended their decline on Thursday, after the company said one of its subsidiaries has been questioned by the Malaysian anti-graft agency.

YTL Power shares extend decline after MACC query over subsidiary

Vetece Holdings Bhd (KL:VTC) was the most active stock on Wednesday, though the share price of the newly listed enterprise software company was volatile amid strong interest.

Vetece most active stock, share price volatile amid strong interest

Shares of Tan Chong Motor Holdings Bhd (KL:TCHONG) slipped on Wednesday to their lowest in two decades, as analysts took a dim view following a larger-than-expected quarterly loss.

Tan Chong Motor shares slip to two-decade low amid dim outlook

Shares of Magni-Tech Industries Bhd (KL:MAGNI) charted a new all-time high on Wednesday, after the garment company reported record quarterly profits.

Magni-Tech surged as much as 22 sen or nearly 10% to RM2.52. The stock was trading at RM2.46 at 9.10am, giving the company a market capitalisation of over RM1 billion. Trading volume totalled 888,600 shares, nearly tripled the 200-day moving average.

Magni-Tech shares chart new all-time high after record quarterly profits

Shares of MSM Malaysia Holdings Bhd (KL:MSM) snapped a four-day losing streak on Monday, after the sugar refiner said it had secured a deal to export grain sugar to China.

MSM shares snap four-day losing streak after export deal

KUALA LUMPUR (Sept 2): Shares of SAM Engineering and Equipment (M) Bhd (KL:SAM) suffered the biggest single-day decline in more than two years amid fallout from safety troubles at Boeing and Airbus.

SAM Engineering shares log worst day in 30 months as Boeing, Airbus troubles drag

Shares of Pansar Bhd (KL:PANSAR) rose on Monday to their highest in nearly three months, after the building materials company secured a RM804.7 million construction contract.

Pansar shares close in on three-month high after RM805m contract win

Shares of Notion VTec Bhd (KL:NOTION) rose as much as 23 sen or 24.21% in active trade on Monday morning, extending gains for the third straight trading day after three weeks of selloff.

Notion VTec shares rebound, up 24%

Shares of Ann Joo Resources Bhd (KL:ANNJOO) slipped on Friday to their lowest in 21 months, as net losses at the steel company widened in the second quarter.

Ann Joo shares slip to near two-year low as losses mount

Shares of Sarawak Oil Palms Bhd (KL:SOP) rose on Friday to their highest in one month, after the plantation company reported second-quarter results that beat estimates.

Sarawak Oil Palms shares test one-month high after 2Q surprise

Shares of Spritzer Bhd (KL:SPRITZER) climbed on Friday to their highest in more than two months, after the mineral water company reported better-than-expected results.

Spritzer shares climb over two-month high after 2Q beat

A total of 171 individuals were arrested on Wednesday following police raids on 20 children’s homes across Selangor and Negeri Sembilan, linked to a company alleged to be exploiting children under the guise of religious charity.

402 children rescued in police raids on children’s homes in Selangor, Negeri Sembilan, 171 arrested

US House of Representatives Speaker Mike Johnson cancelled a vote scheduled for Wednesday on his stopgap funding bill, saying more work is needed to build support for a measure, less than three weeks before a government shutdown deadline.

US House Republicans cancel vote on stopgap funding measure

Canada’s Conservative party chief says he stands with pilots in a labour dispute with Air Canada, as the carrier prepares to suspend flights ahead of a potential strike.

Pierre Poilievre, leader of the opposition and Prime Minister Justin Trudeau’s chief rival, said he would not support any action that preempted negotiations between the airline and union.

Air Canada pilots get more political support as strike looms

Cocoa futures rose as much as 6.6% in New York as prospects for bigger harvests were outweighed by concerns about tight global inventories.

Ghana, the world’s second-biggest cocoa producer, said it would raise the amount it pays farmers by 45%.

Cocoa jumps as traders assess global supply-demand balance

Nippon Steel Corp has sent a senior executive to Washington to boost its case for the US$14.1 billion (RM61.3 billion) takeover of United States Steel Corp, according to people familiar with the matter.

Nippon Steel sends VP to Washington to rescue US Steel bid

Nvidia Corp chief executive officer Jensen Huang, whose products have become the hottest commodity in the technology world, said that the scramble for a limited amount of supply has frustrated some customers and raised tensions.

Nvidia CEO says customer relations are ‘tense’ due to shortages

Pahang has denied allegations that the state enforcement unit (UPNP) burned and destroyed structures housing workers and equipment of illegal farmers involved in land encroachment in Raub.

Pahang refutes claims of enforcement unit burning structures on encroached land

The European Union (EU) is exaggerating spending on climate-friendly projects, potentially by billions of euros, the bloc's auditors said on Wednesday, citing examples of countries claiming spending on IT systems and salaries as green.

EU likely exaggerating climate-friendly spending, auditors say

US utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure.

Cyberattacks on US utilities surged 70% this year, says Check Point

Muhammed Yusoff Rawther, who previously worked as an aide to Prime Minister Datuk Seri Anwar Ibrahim when he was the opposition leader, will be charged in the Kuala Lumpur Court on Thursday.

Anwar-accuser Yusoff Rawther to be charged Thursday after drug and pistols allegedly found in his car

All 156 units of Sunway Maple Residence Phase 1 in Sunway City Iskandar Puteri (SCIP), Johor, were fully taken up within two hours of the launch last weekend, according to Sunway Property, the real estate arm of Sunway Bhd (KL:SUNWAY), in a media statement on Wednesday.

Sunway City Iskandar Puteri's first freehold landed homes snapped up within two hours of launch

THE idea of developing a third port for Port Klang was first mooted in 2010 as part of the Port Klang Master Plan (2010-2013). But the government had put on hold its plans for the proposed terminal, following criticism from some quarters, who had at the time pointed out that Westports and Northpo...

Special Report:  At long last, Port Klang seems likely to get a third port

KUALA TERENGGANU (Sept 11): Terengganu Incorporated (Terengganu Inc), in collaboration with&nbsp;TNB Power Generation Sdn Bhd (TNB Genco), has launched a floating solar farm at Lake Kenyir, expected to generate up to 2,000 megawatts (MW) of electricity.

Terengganu Inc, TNB Genco launch 2,000MW floating solar farm at Lake Kenyir

The world’s advanced economies might just have a new reason to hope for a firmer growth footing in the next year, if some of the most bearish forecasts for oil hit the mark.&nbsp;

Oil’s fall into US$60s widens runway for global economy to make soft landing

A company backed by the mother of Asia pop megastar Jay Chou saw its stock tumble by a record 72% Wednesday, with no immediately apparent reason.

The slide took shares of Star Plus Legend Holdings Ltd below their initial public offering price for the first time since their July 2023 listing in Hong Kong. Volume was 49 times the three-month daily average.

Hong Kong stock tied to pop star Jay Chou suddenly plunges 72%

Sabah-based port operator Suria Capital Holdings Bhd (KL:SURIA) said it has signed a new joint development agreement (JDA) to formalise the development of a mixed commercial project within the Kota Kinabalu port area.

Suria Capital signs JV agreement for Jesselton Docklands 2 mixed commercial project in Kota Kinabalu

KUALA LUMPUR (Sept 11): Energy stocks were the largest losers on Bursa Malaysia, fallen all the way back to early this year, as Brent crude oil dipped below US$70 (RM303.15) a barrel&nbsp;on concerns of slowing economic growth.&nbsp;

KUALA LUMPUR (Sept 11): Muhammed Yusoff Rawther, who had previously worked with Datuk Seri Anwar Ibrahim when he was opposition leader, has been remanded by the police since last Friday (Sept 6).

Anwar-accuser Yusoff Rawther remanded since Friday over purported drug and pistols found in car

The much-anticipated reopening of Stadium Merdeka finally happened on Aug 17 in conjunction with the Sultan of Selangor’s Cup, where Selangor edged out Singapore 2-1. The stadium was closed in 2016 to make way for the construction of the soon-to-be-opened Merdeka 118 tower.

Stadium Merd...

Stadium Merdeka returns to its former glory

(Sept 11):&nbsp;Malaysian home-improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY)&nbsp;is considering listing its Indonesian unit in Jakarta as soon as this year, or early 2025, according to people familiar with the matter.

Mr DIY’s Indonesian unit said to eye IPO in late 2024 — Bloomberg

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

Genting Malaysia, EPMB, Bermaz Auto, IHH Healthcare, ICT Zone, Mikro MSC, Citaglobal, Suria Capital, Kerjaya Prospek, Southern Steel, Hextech

Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Wednesday it had secured a RM292.8 million contract for building works in Kuala Lumpur.

Kerjaya Prospek gets RM292.8m construction contract

Malaysia's first luxury airport transit hotel, CapsuleTransit MAX, officially opened on Sept 3, according to a press release on Sept 3.

Malaysia's first luxury airport transit hotel CapsuleTransit MAX opens at KLIA Terminal 2

Financial fraud investigator Richard Templeman told the court here on Wednesday that former&nbsp;1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy had nothing to do with transactions the company undertook prior to 2015.

1MDB investigator says Arul Kanda had nothing to do with 1MDB deals prior to 2015

EP Manufacturing Bhd (KL:EPMB) is placing out shares representing 30% of its issued share capital, 15% each to its largest shareholder Mutual Concept Sdn Bhd and a subsidiary of Bermaz Auto Bhd (KL:BAUTO), to raise RM39.65 million to part finance the construction of its manufacturing hub in Melaka.

EPMB places out 30% of its shares, half to largest shareholder and half to Bermaz Auto, to fund new manufacturing plant

theedgemalaysia.com&nbsp;highlighted one stock with negative momentum at Bursa Malaysia’s noon market break on Wednesday.

IGB Commercial REIT

Southern Steel Bhd (KL:SSTEEL) may see a new controlling shareholder as it has proposed undertake an issuance of new shares, representing not less than 50.1% of its enlarged issued share capital, to Singapore company Green Esteel Pte Ltd.

Singapore's Green Esteel may emerge as new controlling shareholder in Southern Steel

KUALA LUMPUR (Sept 11): Former attorney general (AG) Tan Sri Tommy Thomas’ bid to recuse a High Court judge presiding over Tan Sri Shahrir Abdul Samad’s malicious prosecution suit against him will be heard on Nov 6 this year.

Ex-AG Tommy Thomas’ bid to recuse judge in malicious prosecution suit to be heard in November

The Kuala Lumpur International Airport (KLIA) is leading&nbsp;the list of the Top 25 Low-Cost Megahubs,&nbsp;offering&nbsp;14,583 possible low-cost&nbsp;connections across 137 destinations, according to OAG Megahubs 2024.

KLIA tops OAG's list of low-cost megahubs

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

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