AHAM Asset Management Bhd (AHAM Capital) said it had made significant headway since embarking on its public cloud transformation project, particularly in reducing cloud connectivity latency by over 50%.

AHAM Capital has made significant headway with cloud transformation project

In December 2022, Negeri Sembilan Yang di-Pertuan Besar Tuanku Mukhriz Tuanku Munawir officiated the launch of the book Upholding The Federal Constitution: The Judicial Thoughts of Dato’ Seri Hishamudin Yunus, a retired Court of Appeal judge, and now consultant at the law firm Rosli Dahlan Saravana Partnership.

Former judge Hishamudin on the Federal Constitution, justice and the judiciary

KUALA LUMPUR (April 11): The chief scientist of Sinopharm's subsidiary China National Biotec Group (CNBG) urged the elderly and those with chronic diseases to accept booster shots, as the move has proven effective in protecting them from severe cases and deaths in the face of Omicron.

I...

Global Times: Booster shots still effective in preventing deaths from Omicron, says Sinopharm scientist

KUALA LUMPUR (June 5): Alliance Bank Malaysia Bhd, backed by Singapore’s Temasek Holdings Pte, is counting on small and medium-sized enterprises to jump-start its loan growth this financial year, a top executive said.

The bank, Malaysia’s smallest by assets, is targeting loan growth of ...

Alliance Bank plans to boost lending to small Malaysian firms

SINGAPORE (May 23): The long-haul arm of AirAsia Group Bhd may restart flights to Europe in one and a half years from now, AirAsia X CEO Benyamin Ismail says in a Bloomberg TV interview with Haidi Lun and Rishaad Salamat.

* “We are waiting for the new aircraft probably toward the tail e...

AirAsia X may resume Europe flights in year and half from now

DRESDEN, Germany (Feb 22): Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal.

VW, which has regained the status of th...

VW looks to east Germany in switch to electric cars

TOKYO (Feb 6): Japan's former currency czar Eisuke Sakakibara said the US dollar could fall below 100 yen by year-end on US President Donald Trump's perceived support for a weak US dollar, but cautioned that any yen-selling intervention by Tokyo might be counterproductive.

Sakakibara, w...

Japan's Mr Yen says US dollar could fall below 100 yen by end-2017

DAVOS, Switzerland (Jan 17): China's richest man, Wang Jianlin, said on Tuesday his Dalian Wanda group has earmarked US$5 billion–US$10 billion each year for outbound investment, focusing on entertainment and sports.

The billionaire property tycoon-turned-entertainment mogul, speaking t...

China's richest man says earmarks US$5b–US$10b a year for outbound investment

SYDNEY (Oct 31): Australia's competition regulator will closely monitor any plans that involve the nation's big banks buying up smaller financial technology rivals or striking blockchain cooperation deals, Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said on Monday....

Australia regulator on lookout for big banks buying fintech startups

KUALA LUMPUR (Sept 2): CIMB Group Holdings Bhd chairman Nazir Razak pointed out that a lack of political will and public acceptance is hampering planned regional economic integration.

He told Nikkei Asian Review in an interview that the private sector in Southeast Asia under the leaders...

Nazir: private firms should push harder to achieve a single economic market

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

PTT Synergy, Sime Darby Property, Telekom Malaysia, Aurelius Technologies, AME Elite, Mulpha International, Uzma, Dialog, GuocoLand, Swift Haulage, PA Resources

Estithmar Holding and Baladna are among Qatar's largest companies by market capitalisation that attended a roundtable meeting hosted by Malaysia’s Ministry of Investment, Trade and Industry (Miti).

Qatar 'big guns' of industries attend roundtable meeting with PM 

A police patrol car escorting Melaka Chief Minister Datuk Seri Ab Rauf Yusof's convoy was among 10 vehicles damaged by trees which fell in various parts of the city during a heavy downpour on Monday.

Melaka CM's escort car among 10 vehicles hit by falling trees in KL

Life and general insurance provider Allianz Malaysia Bhd (KL:ALLIANZ) has declared a first interim dividend of 26.5 sen per share for the financial year ending Dec 31, 2024 (FY2024).

Allianz Malaysia declares interim dividend of 26.5 sen

Police arrested another man on Sunday on suspicion of being involved in the petrol bomb attack at an entertainment centre here on Thursday (May 9) morning.

KL cops nab one more over petrol bomb attack

KUALA LUMPUR (May 13): Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) and its related companies extended their gains on Monday, as investors continued to bid up the stocks on news of buyout of Singapore’s Great Eastern Holdings Ltd.

Sungei Bagan Rubber, related companies extend rally to near two-decade high

The government has approved the administration of the diphtheria, tetanus, and pertussis (DTaP) vaccination to pregnant mothers, which will begin at year end, Health Minister Datuk Seri Dr Dzulkefly Ahmad said.

Govt approves DTaP vaccinations for pregnant mothers to begin by year end

Eversendai Corp Bhd (KL:SENDAI) said it is not aware of any corporate development that caused the unusual market activity (UMA) in its shares which climbed to a five-year high on Monday.

Eversendai says unaware of reason for UMA after share price jumps to five-year high

Mulpha International Bhd (KL:MULPHA) on Monday said its indirect wholly-owned Australian subsidiary Mulpha Norwest Pty Ltd had accepted a cash advance facility of A$100 million (equivalent to approximately RM313.07 million) from National Australia Bank Ltd to refinance borrowings and for working capital.

Mulpha's Australian unit secures A$100 mil cash advance facility to refinance borrowings, working capital

Telecommunication services provider Silver Ridge Holdings Bhd (KL:SRIDGE) on Monday said its 80%-owned subsidiary, Centropia Technologies One Sdn Bhd (CTO), had secured a RM17 million contract to provide recruitment services for two years.

Silver Ridge unit bags recruitment services contract

IOI Properties Group Bhd (KL:IOIPG) has announced the resignation of its chief financial officer Melissa Tan Swee Peng effective from June 3, after having served the company for about two years.&nbsp;

IOI Properties' finance chief resigns to pursue other interests

Aurelius Technologies Bhd (KL:ATECH) said it plans to invest RM450 million over the next five years to build a new manufacturing hub on an industrial land spanning 571,908 sq ft in the Kulim Hi-Tech Park, Kedah.

Aurelius to invest RM450m in new manufacturing hub in Kulim

KUALA LUMPUR (May 13): Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday.&nbsp;

Eversendai gets UMA query as share price jumps to five-year high

AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).

AME Elite sells land in Pulai to data centre operator for RM209.84 mil cash

Petroliam Sarawak Bhd (Petros) will commence assuming Petroliam Nasional Bhd's (Petronas) role in all natural gas trading activities in Sarawak, effective July 1, said State Utility and Telecommunication Minister Datuk Seri Julaihi Narawi.

The minister said that the transition period for Petros to take over will be until January 2025.

Petros to assume control of Sarawak's natural gas trading activities effective July 1

Malaysia Airports Holdings Bhd (KL:AIRPORT) has announced the appointment of Dr Nungsari Ahmad Radhi as its chairman effective from Monday, replacing Tan Sri Zainun Ali, who will take on the role of a director.

MAHB appoints Nungsari as chairman, Zainun redesignated as director

Paramount Corp&nbsp;Bhd (KL:PARAMON) will continue to invest and grow its land bank&nbsp;in Malaysia to sustain its growth, while looking for opportunities to expand overseas.

Paramount Corp aims to acquire more land to sustain growth

KOTA BHARU (May 13): The government welcomes&nbsp;airline companies&nbsp;to initiate international flight operations at Sultan Ismail Petra Airport (LTSIP), near Pengkalan Chepa, here.

Loke: Govt welcomes airlines to launch international flights at Sultan Ismail Petra Airport in Kota Bharu

GuocoLand (Malaysia) Bhd (KL:GUOCO) — controlled by tycoon Tan Sri Quek Leng Chan — saw its net profit tumble 66.3% for the third quarter ended March 31, 2024 (3QFY2024), due to lower revenue from its property development division.&nbsp;

Nonetheless, this was partially offset by a better performance of the hospitality division, thanks to higher occupancy and better average room rates.

GuocoLand’s 3Q net profit falls 66%, warns about property oversupply

A local egg-importer company that is suing Datuk Seri Mohamed Azmin Ali for defamation has stressed that there were no tenders or direct negotiation&nbsp;in getting the contract to import eggs as a temporary measure to plug a domestic shortage.

Deepak’s brother: Due process followed when getting egg contract in defamation suit against Azmin

Analysts expect the crude palm oil (CPO) stockpile to increase in the coming months, potentially exerting downward pressure on prices.

In their research notes on Monday, analysts from Maybank Investment Bank Bhd (Maybank IB), Hong Leong Investment Bank Bhd (HLIB) and Public Investment Bank Bhd forecast CPO inventories to continue rising, thus they maintained their ‘neutral’ call on the plantation sector.

Analysts expect CPO stockpile to increase, impacting prices

If financial markets are right, interest rates won't just stay high this year, but possibly forever.

The case for forever high interest rates

Golden Screen Cinemas (GSC), which is operated by Malaysian conglomerate PPB Group Bhd (KL:PPB), said on Monday it will launch a new outlet in the KL East Mall here, and close its outlet in the Central Square shopping centre in Sungai Petani, Kedah.

GSC to launch GSC KL East next week, to close GSC Central Square Sungai Petani by early June

KUALA LUMPUR (May 13): Oil-and-gas services firm Dialog Group Bhd (KL:DIALOG) said on Monday that its third-quarter net profit rose 19% from a year earlier, thanks to higher upstream output.

Dialog Group’s 3Q earnings rise 19% on higher upstream output, declares 1.5 sen dividend

PUTRAJAYA (May 13): The Immigration Department&nbsp;and Home Ministry&nbsp;are exploring the implementation&nbsp;of a quick response (QR) code system&nbsp;at several main entry points of the country, to address congestion issues.

Immigration Dept, Home Ministry exploring QR code system at country’s entry points

KUALA LUMPUR (May 10):&nbsp; theedgemalaysia.com highlighted two stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia’s afternoon close on Monday. &nbsp;

Kobay, Astral Asia, Rexit, Kuchai, Selangor Dredging, Kluang Rubber, Sungei Bagan, SKB Shutters, AHB, SHH Resources

KUALA LUMPUR (May 13): Malaysia’s central bank said on Monday that it has signed an agreement with its South Korean counterpart to extend a bilateral swap arrangement by another three years.

Malaysia, South Korea central banks to extend RM15b bilateral swap agreement

Singapore’s Minister for Trade and Industry Gan Kim Yong will be appointed as the chairman of the Monetary Authority of Singapore’s (MAS) board of directors, replacing Lawrence Wong, who is also presently Singapore’s deputy prime minister and minister of finance.

Gan Kim Yong to become Singapore’s deputy PM, new chairman of central bank

KUALA LUMPUR (May 13): Logistics firm Swift Haulage Bhd’s (KL:SWIFT) net profit more than doubled in the first quarter from a year earlier, thanks to one-off gain from a stake sale, as well as higher revenue.

Swift Haulage’s 1Q net profit more than doubles as one-off gain helps

KUALA LUMPUR (May 13): MMAG Holdings Bhd (KL:MMAG) has teamed up with a conglomerate in Sri Lanka that is&nbsp;bidding to acquire Sri Lankan Airlines, to establish a cargo feeder network for the national carrier.&nbsp;

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