KUALA LUMPUR (Oct 22): RedPlanet Bhd (KL:RPLANET) staged a strong ACE Market debut on Thursday following the information technology services firm’s listing transfer from the LEAP Market.

RedPlanet rises 37% in ACE Market debut following listing transfer

KUALA LUMPUR (Oct 21): After a modest start, NWE Resources Group Bhd (KL:NWEBHD) ended flat in the consumer product company’s first day on the ACE Market.

NWE Resources ends flat first day on ACE Market 

Mynt Inc, the operator of the mobile-payments app GCash, closed unchanged in its debut after the biggest-ever initial public offering (IPO) in the Philippines that the company said will bankroll growth through an expansion of lending and financial services.

GCash owner erases gains in debut after record Philippines IPO

EGH International Bhd (KL:ECOGRP) fell in its ACE Market trading debut on Friday amid relatively weak demand for the interior fit-out firm’s shares.

EGH International stumbles in ACE Market debut

Fit-out or refurbishment specialist EGH International Bhd (KL:ECOGRP) is focusing on its expansion into Sarawak and Sabah, while eyeing contracts from the US and Vietnam.

EGH International to focus on expanding business to Sarawak and Sabah

EcoSys (Malaysia) Bhd's (KL:ECOSYS)  shares almost tripled in value on its first day of listing on the ACE Market amid strong demand for a piece of the semiconductor services firm.

EcoSys shares almost triple in value on ACE Market debut

Newly listed EcoSys (Malaysia) Bhd (KL:ECOSYS) plans to nearly double its cleanroom capacity by the end of this year to meet growing demand from existing and new customers.

EcoSys to nearly double cleanroom capacity by year end amid growing demand

KUALA LUMPUR (Oct 6): SLGC Bhd (KL:SLG) ended its first trading day on the ACE Market below its initial public offering (IPO) price.

Construction firm SLGC ends first trading day below IPO price

KUALA LUMPUR (Oct 6): Construction firm service SLGC Bhd (KL:SLG) said on Tuesday that it has undertaken value-engineering measures to cushion the impact of rising construction material costs amid geopolitical tensions.

SLGC mitigates rising construction costs through value-engineering

KUALA LUMPUR (Oct 1): GB Bond Holdings Bhd (KL:GBBOND) was barely higher in its ACE Market debut on Thursday before the industrial adhesive maker slipped below the listing price.

GB Bond closes below IPO price on debut, second ACE counter to do so in a week

Newly listed GB Bond Holdings Bhd (KL:GBBOND) plans to increase its annual industrial adhesive production capacity by about 35% to 31,971.3 tonnes as it sets up a new factory near its headquarters in Bukit Panchor, Penang.

GB Bond to boost adhesive production capacity by 35% with new Penang factory

Evocom Bhd (KL:EVOCOM) fell over 28% in its trading debut on Monday as weak market conditions weighed on the flexible staffing firm.

Evocom falls over 28% in ACE Market trading debut

Pioneer Heat Holdings Bhd (KL:PIONEER) ended its ACE Market debut on Thursday 5 sen, or 20%, higher than its initial public offering price of 25 sen.

Pioneer Heat ends ACE Market debut 20% above IPO price

Butterfield FB Bhd (KL:BFIELD) ended its maiden day trade on the ACE Market on Tuesday at 46 sen, two sen or 4.17% lower than its initial public offering price (IPO) of 48 sen.

Butterfield FB ends maiden day of trade two sen lower than IPO price

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

Malaysia has reaffirmed its commitment to strengthening defence ties with the US, both bilaterally and through Asean-led mechanisms, while highlighting the importance of preserving Asean’s unity and centrality in maintaining regional peace and stability.

Malaysia reaffirms commitment to strengthen defence ties with US

Benjamin Netanyahu won the support of an unexpectedly clear majority of Israeli Jews in an election billed as a major turning point in his nation's history, apparently ensuring he will survive as the prime minister at least in a caretaker role.

Netanyahu survives another day with unexpectedly clear backing of Israeli Jews in election

Opcom Holdings Bhd, now known as Hextar capital Bhd (KL:HEXTAR), co-founder Eric Chhoa Kwang Hua is seeking to list fibre-optic cable protection materials manufacturer Unigel Global Bhd on Bursa Malaysia’s ACE Market to fund its Malaysian expansion.

Opcom co-founder Eric Chhoa’s Unigel Global seeks ACE Market listing to fund Malaysian expansion

The IPO of Mi Material, which raised a total of S$294 million (RM935 million) at S$1.80 each, was 2.1 times subscribed.

IPO of Mi Technovation's Singapore unit 2.2 times subscribed

The Malaysia Competition Commission is investigating 510 firms over suspected bid-rigging in tenders worth more than RM3 billion across the public and private sectors.

Malaysia Competition Commission probes 510 companies for potential bid-rigging

The government will impose e-invoicing requirements on foreign online commerce platforms as part of efforts to strengthen oversight of their operations in Malaysia.

Govt to require foreign online commerce platforms to adopt e-invoicing — minister

No work permit applications for migrant labourers have been processed from Nepal since Oct 1 as Kathmandu takes legal action against the 25 companies authorised by Putrajaya to submit the recruitment paperwork.

Nepal cracks down on Malaysian-sanctioned recruitment agents amid row over access to foreign worker system 

Modern cross-border infrastructure must be engineered to withstand simultaneous threats ranging from physical attacks to cyber intrusions and technical failures, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

RTS Link exercise proves border infrastructure must be ready to counter all threats — Saifuddin Nasution

The US Federal Reserve (Fed) will announce a decision on setting interest rates on Wednesday, with markets expecting the central bank to hold steady days ahead of crucial midterm elections, despite surging inflation.

Fed expected to hold rates steady ahead of US midterm elections

KUALA LUMPUR (Oct 27): Police have frozen and seized accounts involving RM409.21 million in an investigation into alleged corporate mafia activities as at Sept 25, Home Minister Datuk Seri Saifuddin Nasution Ismail said. 
 
The accounts comprise 70 share-trading accounts worth approxi...

Police freeze RM409m in share-trading, bank accounts in corporate mafia probe

PUTRAJAYA (Oct 28): The transportation costs to bring Datuk Seri Najib's from prison to Putrajaya for next month's civil appeal will be borne either by the former prime minister.

Najib agrees to cover transport costs for appeal hearing in Putrajaya, court told

Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.

BNM fines AmBank, AmBank Islamic RM552,000 over delayed cash transaction reports

Eco-Shop Marketing Bhd (KL:ECOSHOP) hit a four-month low on Wednesday, after the company’s first quarter fell short of analysts' expectations.

Eco-Shop hits four-month low after 1Q miss; price revision looms

The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.

Magma Kiara Sdn Bhd, a subsidiary of Bursa Malaysia-listed Magma Group Bhd (KL:MAGMA), has signed a memorandum of collaboration (MOC) with interior fit-out specialist Jalex Sdn Bhd at the Wolo Experience Lounge in Bukit Bintang, to explore its proposed appointment as hotel interior adviser for Wolo Hotel &amp; Residences, Mont Kiara KL, according to a press statement issued on Oct 28.&nbsp;

Magma Kiara partners Jalex for hotel interior work at RM850 mil Wolo Mont Kiara KL

Oil prices climbed more than 1% on Wednesday after an attack on a refinery in Saudi Arabia renewed concerns around supply risks from the major exporter.

Oil rises over 1% after Saudi Arabian refinery attack reignites supply risk

Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.

Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

Indonesia's President Prabowo Subianto will meet Singapore’s top diplomat on Wednesday as ties between the two Southeast Asian nations come under strain.&nbsp;

Prabowo to meet Singapore envoy on mission to ease relations

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Summary

•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

Billionaire Gautam Adani-controlled Adani Enterprises Ltd returned to profit in the second quarter as newer businesses including airports and data centres scaled up.

Adani flagship returns to profit as newer businesses deliver

The rapid backlash against French football star Kylian Mbappe over a perceived insult to Mao Zedong underscores how little room for error remains for celebrities and global brands seeking to tap China’s lucrative market.

Mbappe backlash shows shrinking margin for error in China

AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.

AMMB on track with earnings, time to ‘buy’ again — analyst

Corruption and other scandals involving government-linked companies (GLCs) are, unfortunately, not new. Neither are analyses and commentaries that follow. We are never short on prescriptions for how to prevent these scandals. The latest, of course, is the scandal that engulfed Lembaga Tabung Haji...

My Say: Corruption scandals and GLCs: When accountants have more clout than lawyers (and what lawyers can do about it)

A stronger-than-expected earnings report propelled Nestlé (Malaysia) Bhd (KL:NESTLE) higher on Wednesday, extending the stock's rally as analysts raised their target prices.

Nestlé Malaysia extends gain towards two-month high after 3Q beat, analysts raise target prices

KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.

Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

Datin Seri Rosmah Mansor will vigorously resist a Lebanese jewellery firm’s bid to enforce a High Court judgement in June which had ordered her to pay the firm RM67.5 million over 43 missing pieces of jewellery that had been sent to her in February 2018.

Rosmah to vigorously resist Lebanese firm enforcing RM67.5 mil judgement on her

KUALA LUMPUR (Oct 28): The Energy Commission&nbsp;is developing a comprehensive framework and guidelines on self-generation facilities and the use of renewable energy for the data centre sector, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Energy Commission developing comprehensive guidelines for self-generation facilities in data centre sector

Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.

StanChart shares soar after it hikes full-year targets and trounces profit estimates

SEOUL (Oct 28): South Korean chipmaker SK Hynix said on Wednesday that it would return about US$75 billion to shareholders this year, after reporting a more than seven-fold jump in quarterly profit as AI infrastructure demand continues to drive up memory chip prices.

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