Live music from a string quartet welcomed guests arriving at The Edge Billion Ringgit Club (BRC) Awards 2021 event, which took place at the Grand Ballroom of the Shangri-La Hotel Kuala Lumpur on Dec 13.

The annual gala dinner and awards ceremony made a comeback this year after a hiatus ...

Celebrating Corporate Malaysia’s finest in the new normal

Good evening, ladies and gentlemen.

Thank you, Tan Sri Tong Kooi Ong and The Edge, for inviting me to this evening’s gala dinner to recognise and celebrate the best-performing companies on Bursa Malaysia.

Since The Edge Billion Ringgit Club began in 2010, I understand that las...

Invest to build back better

The domestic general insurance sector remained weak in 2020, with a 0.6% decline in gross written premiums (GWP), while the life insurance industry saw a 0.4% f...

Highest growth in profit after tax over three years: Financial Services  — Below RM10 bil market capitalisation: Allianz Malaysia Bhd - Withstanding disruptions and delivering robust results

This is the second consecutive year that RHB Bank Bhd has won the award for the highest returns to shareholders over three years, from March 30, 2018, to March 31, 2021, in ...

Highest Returns to Shareholders over three years: Financial Services — RM10 Bil and above market capitalisation: RHB Bank Bhd - Chalking up good returns in harsh conditions

This is the second year in a row that Dayang Enterprise Holdings Bhd has bagged The Edge Billion Ringgit Club award for highest total returns over three years ...

Highest Returns to Shareholders over three years: Energy: Dayang Enterprise Holdings Bhd - Brighter days after weathering pandemic

A symbol of understated elegance that has captivated many, Cartier’s iconic Tank timepiece is appreciated for its pure design.

For the luxury brand, it all starts with design. Legend has it that Louis Cartier — the grandson of Louis-Francois Cartier, founder of the French jeweller which...

Cartier’s Tank the ultimate mark of elegance

The Edge Education Foundation’s two CSR programmes seek to educate youth on the importance of saving

The recent revelation that only 3% of Malaysians can afford to retire on their savings with the Employees Provident Fund (EPF) is, frankly, frighteni...

Pressing need for financial education

Supermax Corp Bhd’s powerful share price rally has surely produced many millionaires in town, had they cashed out in time.

Supermax saw the biggest-ever jump ...

Highest Returns to Shareholders over three years: Healthcare: Supermax Corp Bhd - Resumes dividend payment amid record-breaking results

The Covid-19 pandemic created major disruptions the world over but responsible business conduct and sustainability efforts also shone brighter as tough times hit lives and livelihoods, say judges of the corporate responsibility (CR) component of The Edge Billion Ringgit Club (BRC) Corporate Award...

Doing well by doing good despite Covid-19 headwinds

Operating commercially in Malaysia since 1912, Nestlé (M) Bhd — with its philosophy of “Good Food, Good Life” — is highly conscious of its responsibility t...

BEST CR Initiatives: Big Cap —  RM10 bil to RM40 bil Market Capitalisation (joint winner): Nestlé (Malaysia) Bhd - Nourishing Malaysians with meaningful solutions

For a third straight year, Gas Malaysia Bhd has won The Edge Billion Ringgit Club award for the highest return on equity (ROE) over three years in the utilities sector....

Highest return on equity over three years: Utilities: Gas Malaysia Bhd: Resilient company scores hat-trick on ROE

Despite cut-throat competition, tighter regulation and many other challenges over the last few years, not least of which is the Covid-19 pandemic, Time...

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: Telecommunications & Media: Time dotCom Bhd - Delivering speed, connectivity and stellar returns

Mega First Corp Bhd is no stranger to The Edge Billion Ringgit Club. This year, the company bags two awards — the highest growth in profit after tax over three years and the highest returns to shareholders over the past three years from 2018 to 2020.

Highest growth in profit after tax over three years, Highest Returns to Shareholders over three years: Utilities: Mega First Corp Bhd - Bringing in mega profits and returns for shareholders

The performance of rubber glove companies in the past two years has been particularly spectacular when viewed against their past mediocre performances.

Highest growth in profit after tax over three years: Big Cap — RM10 bil To RM40 bil market capitalisation: Top Glove Corp Bhd - Set to stretch supernormal profit growth

Growth at US service providers quickened in December, reflecting stronger business activity that helped push a price measure to the highest since early 2023.

The Institute for Supply Management’s (ISM) index of services advanced two points to 54.1 last month, the group said on Tuesday.

US services index climbs, price gauge hits highest since 2023

Biocon Biologics, a global company with capabilities in the development, manufacturing and commercialisation of biosimilars, is committed to implementing business expansion in Malaysia.

Biocon Biologics committed to business development in Malaysia — PM

Malayan Banking Bhd (KL:MAYBANK) is committed to becoming the preferred financial institution for Malaysia-Singapore financial transactions and solutions, following the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement, which aims to foster economic integration and bolster regional growth.

Maybank aims to be preferred financial institution for Malaysia-Singapore transactions

Six vehicle inspection officers from the Computerised Vehicle Inspection Centre (Puspakom) suspected of being involved in a syndicate approving heavy vehicle inspections have been suspended with immediate effect.

Puspakom case: Six vehicle inspection officers suspended with immediate effect

The Malaysia-Singapore Joint Technical Committee on the Implementation of the International Court of Justice (ICJ) Judgement on Pedra Branca, Middle Rocks and South Ledge (MSJTC) continues to be an important platform for both countries to have constructive discussions on outstanding matters.

Singapore's foreign minister says technical panel with Malaysia to continue to hold talks on bilateral issues

Canada’s trade surplus with the US widened as did its deficit with the rest of the world, underscoring the major role its biggest trading partner and southern neighbour plays in its economy.

The surplus with the US helped narrow the country’s overall deficit. In November, total imports exceeded exports for the ninth straight month, bringing the trade deficit to C$323 million (RM1 billion), down from C$544 million in October, Statistics Canada reported on Tuesday.

Canada’s trade surplus with US widens before return of Trump

US Commodity Futures Trading Commission (CFTC) chair Rostin Behnam will step down on the day Donald Trump is scheduled to be sworn in as president, a spokesperson for the agency said on Tuesday.

US CFTC chair Behnam to step down on day Trump takes office

Target 1 Sdn Bhd — one of the parties seeking to take South Malaysia Industries Bhd (KL:SMI) private — said on Tuesday that the Securities Commission Malaysia (SC) has approved a further extension for the despatch of its offer document to SMI shareholders.

SMI acquirer secures further extension for takeover offer documentation

The highly anticipated Gemas-Johor Bahru Electrified Double-Track Rail Project (Gemas-JB EDTP) is on track for completion by the third quarter of this year (3Q2025), said Transport Minister Anthony Loke Siew Fook.

Gemas-JB Electrified Double-Track Rail on track for completion in 3Q, says Loke

Directors of MN Holdings Bhd (KL:MNHLDG) trim their stake as the share price has surged to a record high recently. 

The company’s managing director Datuk Toh Eng Keat, plus two executive directors Datuk Loy Siong Hay and Datuk Dang Siong Diang, have collectively sold 18 million shares, equivalent to a 3.73% stake, to institutional funds via a direct business deal, according to the company’s bourse filing.

MN Holdings major shareholders sell shares as price soars to record high

National oil and gas company Petroliam Nasional Bhd, or Petronas, said on Tuesday it is embarking on a study to explore untapped resources in the Malay Basin off the coast of Peninsular Malaysia.

Petronas to study mature Malay Basin that still holds untapped resources

KUALA LUMPUR (Jan 7): Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and its affiliates have disposed of 119.25 million&nbsp;shares, or a 7.15% stake in Malaysia Airports Holdings Bhd (MAHB)(KL:AIRPORT), pursuant to the takeover offer by Gateway Development Alliance Sdn Bhd (GDA).

GDA's MAHB stake surpasses 80% after KWAP accepts takeover offer

KUALA LUMPUR (Jan 7): Maybank Investment Bank (Maybank IB) expects a de-rating for the Malaysian oil-and-gas sector, given the high possibility of capital expenditure reduction by Petroliam Nasional Bhd (Petronas) in 2025.

O&G sector faces de-rating on potential Petronas capex cut — Maybank IB

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) achieved record-high vehicle sales and production volumes in 2024, marking an 8.4% increase in sales compared to the previous year, along with its highest production output to date.

Perodua achieved record-high vehicle sales, production in 2024

The existence of the royal addendum in Najib's royal pardon raises significant questions that warrant clarification.

Najib Pardon: There is nothing pending for current Agong to deliberate on

The government has&nbsp;decided that the Kuala Lumpur-Singapore high-speed rail (HSR) project can be revived if there is full participation from the private sector, with minimal government involvement, said Prime Minister Datuk Seri Anwar Ibrahim.&nbsp;

KL-Singapore HSR can be revived with full private participation, says Anwar

Royal addendum? House arrest? If you, like many Malaysians, are confused over what took place in imprisoned former prime minister Datuk Seri Najib Razak's court case on Monday, below is a brief elucidation highlighting the main takeaways.

Your guide to understanding Najib's house arrest bid

EA Technique (M) Bhd (KL:EATECH) said on Tuesday that it will get an undisclosed payoff as part of an amicable settlement with national oil-and-gas company Petronas over the lease of a floating storage unit vessel.

EA Technique to get payoff from Petronas to settle vessel lease dispute

There are still ample near- to medium-term opportunities for Kerjaya Prospek Group Bhd (KL:KERJAYA) after the construction firm secured its first contract for the year, analysts said.

Plenty of jobs ahead for Kerjaya Prospek after its first contract win in 2025, analysts say

KUALA LUMPUR (Jan 7): The Federation of Investment Managers Malaysia (FIMM) has reprimanded a former unit trust consultant for allegedly cheating during its examination.

FIMM reprimands unit trust consultant for alleged cheating in exam

theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. Two stocks showed positive momentum, while the rest showed positive momentum.

Stocks with momentum on Jan 7, 2025: Nationgate, Lien Hoe, Gamuda, Wong Engineering, Velocity Capital

LAS VEGAS/TOKYO (Jan 6): Tesla supplier Panasonic Energy plans to eliminate its supply-chain dependence on China for electric vehicle (EV) batteries made in the United States, a senior executive told Reuters, calling the shift a "No.1 objective".

Tesla supplier Panasonic Energy says cutting China supply for US business a 'No.1 objective'

Cypark Resources Bhd (KL: CYPARK) said on Tuesday that it has achieved the commercial operation date (COD) for one of its two 60MW floating solar plants at Danau Tok Uban (DTU), Kelantan.

Cypark Resources achieves commercial operation date for first 30MW floating solar plant at Danau Tok Uban

<h2>Notable filings</h2>

For the week of Dec 9 to 13, notable shareholding changes at Bursa Malaysia-listed companies included those at FSBM Holdings Bhd (KL:FSBM), which saw its chief technology officer Low Kang Wei cease to be a substantial shareholder.

According t...

Insider Moves: FSBM Holdings Bhd,  N2N Connect Bhd, Datasonic Bhd, Kossan Rubber Industries Bhd, Sunway Bhd   

Government analysis shows that more than 30% of jobs in Malaysia will be affected by artificial intelligence (AI) in the next 10 years, with key sectors such as manufacturing, services, and information technology expected to undergo significant transformation, said Science, Technology, and Innovation Minister Chang Lih Kang.

AI to impact over 30% of jobs in Malaysia in next 10 years — minister

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is exploring new funding models&nbsp;including public-private partnerships (PPPs) for future infrastructure projects like the Mass Rapid Transit 3 (MRT3) Circle Line, according to MRT Corp chief executive officer Datuk Mohd Zarif Hashim.

MRT Corp looking into public-private partnerships, other new funding models for future projects — CEO

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has obtained permission from the High Court here to initiate contempt of court proceedings against former prime minister Tun Dr Mahathir Mohamad.

Zahid obtains leave to initiate contempt of court proceedings against Dr M

Port Klang, comprising Northport and Westports, has reportedly secured the 10th spot among the world’s busiest ports in 2024, according to Transport Minister Athony Loke Siew Fook.

Port Klang ranked 10th among world's busiest ports in 2024, says Loke

<h3>Building materials</h3>

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Brokers Digest: Local Equities: Building materials, Yinson Holdings Bhd, DKSH Holdings (M) Bhd, YTL Power International Bhd

Alliance Bank Malaysia Bhd (KL:ABMB) sees insignificant impact towards its profit and loss (P&amp;L), should the banking sector moves away from the “Rule of 78” method for calculating interest on personal financing.

The Edge Billion Ringgit Club 2021

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The Edge Billion Ringgit Club 2021

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