Petronas Dagangan Bhd (PetDag) reported a 16% increase in its net profit for the second quarter ended June 30, 2023 (2QFY2023) to RM275.71 million or 27.80 sen per share, from RM237.68 million or 23.90 sen per share a year ago.

PetDag 2Q net profit rises 16%, declares 18 sen dividend

Gets Global Bhd, whose share price spiked 167% within a month, said its largest shareholder Datuk Che Azizuddin Che Ismail disposed of a 24% stake in the express bus service company today. 

The stake, comprising 30.24 million shares, was held by him through Arca Company Sdn Bhd.

Che Azizuddin sells 24% stake in Gets Global; Teong Lian Aik emerges as largest shareholder

KUALA LUMPUR (April 23): Businessman Tan Chean Suan has emerged as a substantial shareholder of Censof Holdings Bhd, after acquiring a 5.35% stake in the tech company. 

A filing by the company with Bursa Malaysia said Tan bought the stake, comprising 26.82 million shares, in the open market yesterday.

Businessman Tan Chean Suan buys 5.35% stake in Censof

KUALA LUMPUR (March 23): Fitters Diversified Bhd saw Datuk Ho Shu Keong, its independent non-executive director appointed in July 2019, emerge as substantial shareholder in the fire-fighting systems specialist, after he acquired 10 million shares representing a 2.3% stake on March 20.

Fitters Diversified, PRG

KUALA LUMPUR (May 17): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Sapura Energy Bhd, a Bursa Malaysia filing showed today.

In the filing, it said EPF had ceased to be a substantial shareholder on May 8, after it disposed of 10 million shares at RM1 ...

EPF ceases to be Sapura Energy's substantial shareholder

KUALA LUMPUR (May 16): Berjaya Corp Bhd founder and executive chairman Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder of T7 Global Bhd with the acquisition of 21 million shares or a 5.04% stake.

In a filing with Bursa Malaysia today, T7 Global said the tycoon ha...

Vincent Tan emerges as T7 Global's substantial shareholder

KUALA LUMPUR (Feb 6): Canadian institutional investor British Columbia Investment Management Corp has emerged as a substantial shareholder of Red Sena Bhd, a special purpose acquisition company or SPAC looking to buy assets in the processed food and beverage industry.

According to Bursa...

British Columbia Investment Management now a substantial shareholder in Red Sena

KUALA LUMPUR (Dec 28): Penang property magnate Tan Sri Ooi Kee Liang has emerged as the third largest shareholder in steelmaker Tatt Giap Group Bhd after acquiring a 7.62% stake from its founder and executive chairman, Datuk Siah Kok Poay.

Ooi, who is executive chairman of Ideal Propert...

Ideal Property chairman emerges substantial shareholder in Tatt Giap

KUALA LUMPUR (Nov 29): Loss-making Sterling Progress Bhd saw 12.29 million shares cross off-market today, representing a 4.4% stake in the company.

According to Bloomberg data, the shares were transacted in one block and worth a total of RM2.21 million. The transaction was carried out a...

Sterling Progress sees 4.4% stake traded off-market

KUALA LUMPUR (Dec 12): Kenanga Investment Bank Bhd (Kenanga IB) saw some 53.76 million shares, representing a 7.44% stake, cross off-market today.

According to Bloomberg data, the shares crossed in two blocks at 52 sen apiece — a 4.59% discount to the last traded price of the s...

Kenanga Investment Bank sees 7.44% stake traded off-market

KUALA LUMPUR (Dec 12): Loss-making China-based shoes and garments manufacturer Maxwell International Holdings Bhd saw some 17 million shares, representing a 4.26% stake, traded off market today. 

Bloomberg data showed the shares were crossed in a single trade at two sen ap...

4.26% stake in Maxwell traded off-market

KUALA LUMPUR (Dec 11): Ceramic tiles maker Johan Holdings Bhd, which is controlled by its chairman and chief executive Tan Sri Tan Kay Hock — who also controls George Kent (M) Bhd — saw 144.51 million shares cross off-market today, representing a 23.2% stake of its overall outstanding shares of 6...

Johan Holdings saw 23% shares cross off-market

KUALA LUMPUR (Dec 11): Boon Koon Group Bhd saw 25.04 million shares, representing 8.74% stake in the company, crossed off-market today.

Bloomberg data showed the shares were traded in a single block at 33.5 sen per share – a 31.6% discount to its closing price of 49 sen on the open...

8.7% stake in Boon Koon traded off-market

KUALA LUMPUR (Dec 6): The sultan of Johor, Sultan Ibrahim ibni Almarhum Sultan Iskandar, has further raised his stake in 7-Eleven Malaysia Holdings Bhd to 15.52% on Nov 16, from 9.84%.

A filing with Bursa Malaysia today showed Sultan Ibrahim acquired 63.08 million shares, bringing his t...

Johor ruler further raises stake in 7-Eleven to 15.52%

The Attorney General's Chambers (AGC) will file a notice of appeal against the Sessions Court's decision to acquit and discharge blogger Wan Muhammad Azri Wan Deris, also known as Papagomo, of a sedition charge.

AGC to appeal against Sessions Court's decision to acquit and discharge blogger Papagomo

NEW YORK (Oct 19): JPMorgan Chase said it has invested US$5 billion (RM20.4 billion) in equity in industries critical to US economic and national security, as banks seek to capitalise on growing demand for domestic manufacturing, energy infrastructure and supply-chain resilience.

The le...

JPMorgan announces US$5b in investments in companies critical to US national security

WASHINGTON (Oct 19): US government debt hit a milestone $40 trillion in August, triggering a potentially uncomfortable debate for President Donald Trump and Republicans contesting tight midterm

Under Trump, deficits remain high while borrowing costs escalate

KUALA LUMPUR (Oct 19): Singapore will use “every legal and regulatory lever” against companies responsible for the haze choking the region, the Business Times reported, citing Senior Minister K Shanmugam.

Government agencies are considering legal, regulatory and economic measures...

Singapore vows to hunt haze-linked firms playing ‘hide-and-seek’ — report

ANKARA (Oct 18): Turkey will take some of the diesel Russia is supplying to global markets under its agreement with US President Donald Trump, Energy Minister Alparslan Bayraktar said on Sunday.

Bayraktar ​said the "US-Russia diesel supply deal" was important in terms of energy sec...

Turkey will get some diesel from "US-Russia supply deal", energy minister says

JPMorgan Chase & Co’s asset management arm and Alibaba Group Holding Ltd are set to be among cornerstone investors in printed circuit board maker Suzhou Dongshan Precision Manufacturing Co’s upcoming Hong Kong listing, according to people familiar with the matter.

JPMorgan and Alibaba are said among investors in Dongshan’s listing — Bloomberg

(Oct 19): US Treasuries are showing tentative signs of reclaiming their traditional role as a haven — threatening to wrong-foot investors who are heavily positioned for this year's bond slump to deepen.

As concerns mount across markets over the outlook for leading artificial-intelligenc...

Bond market’s big short bet gets wakeup call as AI trade wobbles

Fires in Indonesia that have caused a regional haze crisis burned through over 1.9 million hectares between January and the end of September this year, a monitor analysing satellite imagery said on Monday.

Indonesia fires have burned nearly two million hectares, monitor finds

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI down 0.75% to 1,595.75 on Oct 19, 2026

China’s central bank signalled its overnight reverse repurchase rate will replace the current seven-day rate as the new policy benchmark, in another step that aligns it closer with global peers.

China's overnight rate set to become main policy benchmark

KUALA LUMPUR (Oct 19): Zetrix AI Bhd (KL:ZETRIX) said on Monday that it is withdrawing a planned dividend payment declared two months ago to conserve cash.

Zetrix AI rescinds dividend plan to conserve cash

One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.

ECRL Gombak-Kota Bharu fares start at RM125

KUALA LUMPUR (Oct 19): MS&amp;AD Insurance Group Holdings Inc is exploring a takeover of Malaysian insurer LPI Capital Bhd (KL:LPI) for growth overseas, Bloomberg reported.

Japan’s MS&AD said to consider deal for Malaysia’s LPI Capital — Bloomberg

Public Bank Bhd (KL:PBBANK) may unlock an unrealised gain of RM521 million if Japan's&nbsp;MS&amp;AD Insurance Group Holdings Inc acquires its 44.15% controlling stake in LPI Capital Bhd (KL:LPI), said CIMB Securities.

CIMB Securities: Public Bank could earn RM521m if MS&AD acquires LPI Capital stake

FIXED-income funds, particularly those managed by subsidiaries of Amanah Raya Bhd, may bear the brunt of the meltdown in Zetrix AI Bhd’s&nbsp;(KL:ZETRIX) shares.

Zetrix AI, which has lost a market capitalisation of RM5 billion in the last one month as the shares of its major shareholder...

Funds under AmanahRaya Investment Management may bear brunt of Zetrix meltdown

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has advised the coalition’s 18 Negeri Sembilan state assemblymen to stay out of matters involving customary law and the royal institution, and instead focus on the people’s welfare and fulfilling their mandate.

Zahid tells BN reps in Negeri Sembilan to stay out of matters involving customary law, royal institution

The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.

DKU and its secretary seek permission to initiate contempt against Negeri Sembilan MB and 16 others

American private equity firm KKR is planning to invest some RM2.6 billion in PETRONAS’ renewable energy subsidiary in India, The Economic Times reported on Monday.

KKR to invest some RM2.6 bil in PETRONAS’ renewable energy venture in India

The forced selling of its founder’s shares has dragged Zetrix AI Bhd’s (KL:ZETRIX) share price down to 5.5 sen from 66 sen two months ago. It has also put the company in a potential breach of its RM2 billion sukuk covenant.

The Islamic debt papers require Wong Thean Soon — better known ...

Frankly Speaking: Zetrix’s increasingly vulnerable position

TWO private companies tasked with providing services on behalf of the government are now under scrutiny over the handling of funds collected from the public.

In one case, Zetrix AI Bhd (KL:ZETRIX) and its unit MyEG Sdn Bhd were suspended as collection agents for the Road Transport Depar...

Third-party handling of public funds in the spotlight

Digital Nasional Bhd, which deploys Malaysia’s 5G network infrastructure, no longer requires any support from the government, Communications Minister Datuk Seri Fahmi Fadzil said.

Digital Nasional no longer needs state support, govt exposure reduced to nil — Fahmi

Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.

Oil tumbles as Trump's Russia sanctions waiver may lead to more fuel supplies

The government continues to shoulder debt obligations inherited from previous administrations, including liabilities linked to 1Malaysia Development Bhd (1MDB), while working to reduce its reliance on new borrowing, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Govt continues servicing legacy debt including 1MDB's, seeks to reduce new borrowing

European stocks and the euro fell on Monday as unrest in France added to concerns about the country's fiscal outlook, while Wall Street futures rebounded from last week's tech-led sell-off ahead of a big week of earnings from artificial intelligence (AI)&nbsp;heavyweights.

France concerns weigh on Europe as Wall St looks to AI earnings

A budget should be judged by both the relief it provides today and the productive capability it builds for tomorrow.

Tong's Portfolio - Budget 2027: More to spend, less to build?

KUALA LUMPUR (Oct 19): The recent tech sector pullback has created an "attractive accumulation opportunity", BIMB Securities said in its latest sector note, on favourable structural growth outlook including in the advanced packaging segment.&nbsp;

Tech sector pullback a window for accumulation, says BIMB Securities

Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.

Malaysia’s exports hit five-year high in September as electronics shipments jump

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The Malaysian economy is largely sheltered because of huge subsidies. The direct effect is the...

Alternative Views: Paying the price of having a sheltered economy

After more than half a century of political procrastination, environmental protests and funding shortfalls, Sydney finally has a second airport. But the new A$5.6 billion (US$4 billion or RM15.9 billion) site’s commercial prospects are already in question.

Sydney’s new US$4 bil airport opens with barely any flights

South Korea’s main pension fund took a 182 trillion won (US$137 billion or RM558 billion) hit after a decline in stakes of equities including Samsung Electronics Co&nbsp;and SK Hynix Inc.

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