The spirit of camaraderie inspired RHB Bank Bhd’s team to enter this year’s race. This includes group chief internal auditor Alex Tan Aun Aun, who is taking part in CEO (chief executive officer) Race for the first time.

“Yes, this is my first time taking part in the Rat Race. What motiv...

RHB Bank inspired by the spirit of camaraderie

WCT Holdings Bhd director of finance and accounts Chong Kian Fah is running the Rat Race for the fourth time this year. He said he enjoys meeting and running alongside other corporate representatives.

“I look forward to making new friends through the race and, maybe, taking part in othe...

WCT looking forward to doing their bit for charity

For Mulia Property Development Sdn Bhd, the Kuala Lumpur Rat Race 2018 is a great platform to get to know the rest of Malaysia’s corporate family.

“Our company is relatively new in Malaysia but we have heard great things about the race from our Malaysian colleagues.

“We decide...

An icebreaker for Mulia Property Development

JKG Land Bhd’s participation in The Edge Kuala Lumpur Rat Race marks the beginning of the company’s involvement in major charitable events, said managing director Datuk Teh Kean Ming.

He said helping the underprivileged is one of JKG Land’s corporate social responsibility (CSR) programm...

JKG Land shows strong support for charity

Citibank is all set to take part in The Edge Kuala Lumpur Rat Race for the third time, all in the name of a good cause.

Its runners are no rookies as they have participated in marathons and ultra-marathons in the country and abroad.

“Citibank employees are always encouraged to...

Seasoned Citibank team raring to go

Mah Sing Group Bhd plans to spice things up by running the Rat Race in red. The team is proudly sporting the developer’s new corporate T-shirt.

First-time runner Qurniawan Imran, who is with the internal audit department, said: “This year, I feel a true sense of togetherness. For the fi...

Mah Sing is running in red

Sporting activities, such as running, cycling and swimming, are a passion of CIMB Bank’s runner in the CEO (chief executive officer) category of the Rat Race. He believes firmly in leading a healthy lifestyle and keeping fit.

“It is a fun event and I get to spend time with colleagues an...

CIMB racing with a passion

Sporting excellence is a proud tradition at Sime Darby Plantation, and though it is entering a team in the Rat Race for the first time, they are seasoned sportsmen and women.

Arulmi Mokhtar said running marathons and taking part in team-orientated races gives him a real buzz. But he tak...

Seasoned runners from Sime Darby Plantation turn out for a good cause

A universal rule is that “good deeds are contagious”. And the staff of property group MKH Bhd shares this mantra, which is why they are eager to take part in The Edge Kuala Lumpur Rat Race.

“I entered for the good cause the event is supporting,” said MKH deputy property director Datuk K...

MKH is paying it forward

Regional telecommunications conglomerate Axiata Group Bhd is taking up the challenge of the Rat Race’s Padang Merbok route.

Senior corporate counsel Kartini Azni Abdul Aziz is making her debut in the charity run, motivated by the opportunity to run with friends and challenge herself.

Axiata ready for the challenge

Representing MCIS Insurance Bhd in this year’s CEO (chief executive officer) category is its chief operations officer Susan Conradie.

“Brilliant” is the word Conradie used to describe the concept of getting CEOs to run for charity.

“A mischief of rats, pursuing each other and ...

MCIS’ team mostly first-timers

The Nestlé Malaysia team is excited to be back again this year as it gave a good showing in its first appearance at last year’s The Edge Kuala Lumpur Rat Race where it finished second in the Mixed category.

This year, the team has promised to make a stronger appearance.

Chong ...

Nestlé Malaysia looking to improve on its performance

Nation-building is a continuous process and a subject dear to the hearts of the staff of PPB Group Bhd, one of the country’s largest and most successful conglomerates.

The group is sending a team of novice runners to The Edge Kuala Lumpur Rat Race this year to experience the fun at the ...

PPB does its part in nation-building

As a responsible corporate citizen, Glomac Bhd is mindful of the need to balance its economic aspirations with important community and environmental considerations in order to ensure a sustainable future for the group. Joining The Edge Kuala Lumpur Rat Race for the 17th time, Glomac has been a lo...

Glomac aspires to balance economic aspirations and community development

Chinese leaders agreed last week to raise the budget deficit to 4% of gross domestic product (GDP) next year, its highest on record, while maintaining an economic growth target of around 5%, two sources with knowledge of the matter said.

China plans record budget deficit of 4% of GDP in 2025 — Reuters

Cash-strapped KNM Group Bhd (KL:KNM) said its German-based subsidiaries in the Borsig Group have secured a new credit facility of €60 million (RM280.4 million), enabling them  to continue operations as usual.

KNM's Borsig group secures €60m multi-currency facility to continue operations

Broadcom Inc’s massive rally after last week’s earnings report is reminiscent of when Nvidia Corp shares first started to take off back in 2023. The chipmaker now needs to prove it can follow through to become another giant of the artificial intelligence era.

Broadcom’s ‘Nvidia moment’ has arrived, now it needs to deliver

Investors appear to be ignoring analysts' strong “buy” calls on Genting Bhd (KL:GENTING), as the counter extended its slide to its lowest in over four years following a slew of bad news — from earnings misses to exclusion from the benchmark KLCI.

Genting, GenM skid to four-year lows as investors look past analysts' 'buy' calls

Tan Sri Mohamad Salim Fateh Din has been reappointed chairman of the Malaysian Communications and Multimedia Commission (MCMC), the commission confirmed with The Edge.

MCMC confirms Salim Fateh Din’s reappointment as chairman

VSolar Group Bhd has proposed a share capital reduction to eliminate up to RM100 million of its accumulated losses.

The ACE-listed company involved in renewable energy, media publishing, software solutions and production house had an issued share capital of RM192.39 million as of Dec 2, 2024, comprising 497.25 million ordinary shares and 168.05 million outstanding warrants that are exercisable into an equivalent number of new shares at an exercise price of 10 sen per share.

VSolar proposes share capital reduction to wipe out losses

Infrastructure utilities engineering services provider Jati Tinggi Group Bhd (KL:JTGROUP) announced on Tuesday that it will supply and install photovoltaic solar panel systems at Public Bank Bhd (KL:PBBANK)'s branches, at an estimated cost of RM14.88 million.

Jati Tinggi to install solar panels at Public Bank's branches

Frozen seafood supplier PT Resources Holdings Bhd (KL:PTRB) on Tuesday reported a sharply lower net profit for its second quarter ended Oct 31, 2024 (2QFY2025) due to local sales and higher administrative expenses.

The net profit for the period came in at RM1.68 million, compared with RM18.7 million a year earlier, the company said in a stock exchange filing. Earnings per share fell to 0.31 sen from 3.5. sen.

PT Resources 2Q records lowest quarterly top and bottom line

A woman accountant found herself RM90,000 poorer after falling victim to a non-existent investment scam via WhatsApp.

Besut District acting police chief DSP Md Sani Md Saleh said the 33-year-old, who works in a private company, was contacted by an unknown individual via WhatsApp on Sept 17 and was duped into joining a group chat in the app, claiming that it belonged to an investment company,

Accountant loses RM90,000 in non-existent investment scam

The European Central Bank slightly raised capital requirements for the region’s lenders, saying geopolitical risks had increased despite bumper profits.

ECB raises bank capital requirements citing heightened risks

Investors appear to be ignoring analysts' strong “buy” calls on Genting Bhd (KL:GENTING), as the counter extended its slide to its lowest in over four years following a slew of bad news — from earnings misses to exclusion from the benchmark KLCI.

Vanzo Holdings Bhd (KL:VANZO) ended its ACE Market debut on Tuesday with a 10% rise from its initial public offering (IPO) price of 15 sen, raising close to RM21 million.

Vanzo closes 10% above IPO price on ACE Market debut

KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.&nbsp;

Miti extends deferral of 80:20 employment ratio rule for manufacturing sector

Hartalega Holdings Bhd’s (KL:HARTA) stock has surged past its consensus target price, as CIMB Securities continues to see further upside, as higher prices and volume are seen driving the glovemaker's earnings ahead.

Hartalega surges past target price; CIMB expects rally to have more legs

Former Sabah chief minister Tun Musa Aman has been appointed the 11th Yang Dipertua Negeri of Sabah. The appointment takes effect on Jan 1, 2025.

Musa Aman appointed new Sabah governor

Crude palm oil (CPO) prices are expected to be firm above RM4,800 per tonne, said the Malaysian Palm Oil Council (MPOC), on the back of price recovery in soybean oil due to growing usage in the US biofuel industry and tightening Malaysian production and inventory.

MPOC sees CPO prices above RM4,800/tonne as soybean prices, low inventory lift

KUALA LUMPUR (Dec 17): Fitch Ratings’ latest affirmation on Malaysia’s sovereign credit rating underscores&nbsp;its economic progress, as envisioned under the Madani Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Fitch Rating’s affirmation a recognition of Malaysia’s economic progress

KUALA LUMPUR (Dec 17): The appointment of former Thai prime minister&nbsp;Thaksin Shinawatra as an informal advisor to assist with Malaysia’s Asean chairmanship next year, is viewed&nbsp;as a bridge to strengthen cooperation&nbsp;between the region and global powers.

Thaksin’s appointment as informal advisor seen as bridge for Asean cooperation — minister

KUALA LUMPUR (Dec 17): Malaysia is strategically poised to benefit from trade dislocations stemming from the Trump administration’s potential trade policies, as the country is seen benefitting from the “China Plus One” strategy, while insulated from the full brunt of US tariffs, said CIMB Securities.

More positives for Malaysia with Trump-led trade dislocations, says CIMB

Air fragrance maker Vanzo Holdings Bhd (KL:VANZO), which made its debut on the ACE Market on Tuesday, said there is still ample room for growth in the domestic market.

Newly listed air fragrance maker Vanzo focuses on home market for growth

China announced on Tuesday a relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travellers to 240 hours, or 10 days, from the original 72-144 hours, as authorities aim to lure more foreign visitors.

China extends visa-free transit stays to 10 days

Proposals related to the definition and classification of the T15 income group are being refined and will be decided by the Cabinet soon, Economy Minister Rafizi Ramli said on Tuesday.

Rafizi: Definition, classification of T15 will be decided soon

Malaysia's water asset custodian Pengurusan Aset Air Bhd (PAAB) is set to invest nearly RM1 billion to fund the construction of two water treatment plants in Seberang Perai, Penang, starting in 2025.

Pengurusan Aset Air to invest RM1 bil to fund two water treatment plants in Seberang Perai

<h3>Technology sector</h3>

OVERWEIGHT


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Brokers Digest: Local Equities - Technology sector, Solarvest Holdings Bhd, YTL Power International Bhd, Mah Sing Group Bhd

KUALA LUMPUR (Dec 17): Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook, according to a statement on Monday.

Fitch affirms Malaysia’s long-term issuer rating with stable outlook

China’s bubble tea makers are reviving plans for initial public offerings, encouraged by signs that Beijing is loosening its grip on the market and sentiment is improving after a disappointing debut by one of the industry’s biggest chains earlier this year.

Bubble tea makers revive IPO ambitions with China said to be softening stance

PENANG-based automated test equipment company Pentamaster Corp Bhd (KL: PENTA), which has a market capitalisation of RM2.89 billion, is performing an interesting manoeuvre involving its 64%-owned subsidiary Pentamaster International Ltd (PIL), say market watchers.

Last Wednesday, PIL su...

Intriguing move at Pentamaster

Shares of health insurers operating pharmacy benefit managers fell on Monday after US President-elect Donald Trump called them middlemen who drive up costs and said he plans to eliminate their role.

Insurer stocks fall after Trump says 'we're going to knock out the middleman'

European shares wobbled while the dollar held firm on Tuesday as traders braced for a slate of central bank meetings this week that is likely to see the US Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now.

European shares waver, dollar firms ahead of central bank meetings

Analysts remain bullish on Gamuda Bhd (KL:GAMUDA) after the group's latest Australian job win, increasing its order book to approximately RM31.8 billion.

Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.

KL Rat Race 2018

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KL Rat Race 2018

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