The 2024 chapter of The Edge Billion Ringgit Club (BRC) Awards is especially memorable, not only because it is the 15th year for the awards — that started in 2010 as an initiative by The Edge Malaysia to recognise, honour and celebrate the biggest and best of Corporate Malaysia — but also the year in which The Edge Malaysia celebrates its 30th anniversary of reporting news that matters.

Making excellence a habit

Winners of The Edge Billion Ringgit Club (The Edge BRC) Awards 2024 gathered at Corporate Malaysia’s biggest and most anticipated awards night on Friday, Aug 23.

Corporate Malaysia’s crème de la crème fêted

Assalamualaikum warahmatullahi wabarakatuh. Salam Sejahtera. Salam Malaysia Madani. And a very good evening to Yang Berbahagia Tan Sri Tong Kooi Ong, chairman of The Edge Media Group; Yang Berbahagia Datuk Ho Kay Tat, publisher and group CEO of The Edge Media Group; distinguished guests; members of The Edge Billion Ringgit Club; and ladies and gentlemen.

Prioritise nation building, think of the rakyat

Yang Amat Berhormat Datuk Seri Anwar Ibrahim, Prime Minister of Malaysia; Yang Berhormat Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz, Minister of Investment, Trade and Industry; members of The Edge Billion Ringgit Club; our partners, friends and colleagues; ladies and gentlemen.

Bringing out the best in every Malaysian company

Winning The Edge Billion Ringgit Club (BRC) Company of the Year award is no easy feat.

Celebrating enduring excellence for the 15th year

There aren’t many bankers today quite like Tan Sri Tay Ah Lek, the managing director and CEO of Public Bank Bhd (KL:PBBANK).

A rare breed of banker

Gamuda Bhd (KL:GAMUDA) is no stranger to The Edge Billion Ringgit Club (BRC) Awards, having taken home eight awards in the construction sector and best corporate responsibility (CR) initiatives category over the years since its first win in 2013.

Expanding its presence at home and abroad

Companies that communicate well on how their business model is evolving to create and deliver lasting value to multiple stakeholders continue to thrive this year, says The Edge Billion Ringgit Club (BRC)’s panel of corporate responsibility (CR) judges.

Delivering sustainable value beyond compliance pressure

CelcomDigi Bhd (KL:CDB) has grown from strength to strength in the last two years, with its first full year of operations as a merged entity in the 12 months ended Dec 31, 2023 (FY2023) showing improvements on multiple fronts.

Crystallising merger synergies and scale

CIMB Group Holdings Bhd (KL:CIMB) has managed to bounce back strongly from the lows of 2020, when the health of all lenders’ books was tested by measures introduced during the Covid-19 lockdown.

Strong bounce back from lows of pandemic

Having been in this country for more than 110 years, Nestlé (M) Bhd (KL:NESTLE) continues to deliver on its philosophy of “Good Food, Good Life” through its diverse food and beverage (F&B) offerings, which include halal-certified, made-in-Malaysia products like Milo, Maggi and Nescafé.

Century-long household name delivers more than ‘good food’

International multi-utility operator YTL Power International Bhd (KL:YTLPOWR) bagged its first two trophies at the gala dinner for the The Edge Billion Ringgit Club (BRC) awards this year, owing to the phenomenal rise in its share price over the past year and a half.

Buoyed by renewable energy push

Sunway Construction Group Bhd (KL:SUNCON) is a familiar name at The Edge Billion Ringgit Club (BRC) Awards. For the sixth consecutive year, the group has secured the BRC award for highest return on equity (ROE) over three years in the construction sector.

Buoyed by optimism on data centre jobs

Carlsberg Brewery Malaysia Bhd’s (KL:CARLSBG) strategy of focusing on its premium brands is paying off even as the soft consumer market and inflationary pressures have kept sales volumes from normalising back above pre-Covid-19 pandemic levels.

Premiumisation strategy brews up good returns

(Nov 23): UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

The volume of goods sold in stores and online fell 0.7% month on month, the Office for National Sta...

UK retail sales fell more than expected amid budget anxiety

NEW YORK (Nov 22): The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on it...

New York Fed paper challenges notion of discount window stigma

ORLANDO, Florida (Nov 22): A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

Many strategists assume ...

America's $7 trillion cash stash isn't going anywhere

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

Cboe to launch cash-settled Bitcoin ETF options as crypto booms

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

Malaysia to strengthen Asean community, tackle regional challenges as Asean chair 2025 — Mohamad

A weekly round-up of tanker and dry bulk market (Nov 22, 2024)

Baltic Exchange shipping updates: Nov 22, 2024

Here is a brief recap of some corporate announcements that made the news on Friday.

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.

Top Glove in JV for high density polyethylene glove biz

Sunway Bhd (KL:SUNWAY) became the best performing constituent member of the FBM KLCI index year to date after its share price breached the RM5 mark on Friday, ahead of its third-quarter (3Q) earnings announcement expected next week. &nbsp;

Sunway is best FBM KLCI constituent YTD after shares shoot past RM5

Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.

Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Malaysia’s Anti-Corruption Commission (MACC) said on Friday it will continue to investigate the late Tun Daim Zainuddin, his wife and other family members.

MACC says will continue to investigate late Daim, wife, family members

The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.

SMI's largest shareholder calls for EGM to appoint six new directors including ex-Perak police chief

Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;

Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.

Bin Zayed International commits US$2 bil investment in Malaysia over next five years

Here is a brief recap of some corporate announcements that made the news on Friday.

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

India will offer up to US$5 billion (RM22.4 billion) in incentives to local electronics companies to make components for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.

India to offer up to US$5b in incentives to local electronics firms, wean off China

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EVENING 5: Five things you need to know today

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 0.07% to 1,589.78 on Nov 22, 2024

The government successfully saved almost RM1 million in the flight cost for the official delegation led by Prime Minister Datuk Seri Anwar Ibrahim to five countries recently, said Communications Minister Fahmi Fadzil.

Fahmi: Govt saves nearly RM1 mil in Anwar's flight cost for visits to five countries

Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over US President-elect Donald Trump a "huge concern".

Germany's Merkel laments influence of big business on Trump

A selloff in Chinese stocks deepened on Friday afternoon, as disappointing tech earnings hurt sentiment already weakened by concerns over Donald Trump’s imminent return. 
&nbsp;&nbsp; 
The mainland benchmark CSI 300 Index slumped 3.1%, the most since Oct 9. The Hang Seng China Enterprises Index of Chinese stocks traded in Hong Kong lost 2.1%, capping a second straight week of losses.

Chinese stocks slump on tech earnings, geopolitical tensions

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

Investors will have to buy a record amount of eurozone government bonds for a third straight year in 2025 and without the ECB in the market, potentially adding pressure on borrowing costs when political and economic uncertainty is high.

Record 2025 bond sales risk higher eurozone borrowing costs

Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.

Icon Offshore signs definitive agreements for previously announced acquisitions worth over RM400m

Melaka-based D&amp;O Green Technologies Bhd’s (KL:D&amp;O) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) was flat at RM18.25 million from a year earlier despite thinner gross margin.

D&O posts flat 3Q net profit amid eroding gross margin, pays 0.3 sen dividend 

(Nov 22):&nbsp;Chinese President Xi Jinping visited Morocco on his way home from the Group of 20 (G20) summit in Brazil, underscoring Beijing’s push to develop ties with Africa.

The Edge Billion Ringgit Club 2024

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The Edge Billion Ringgit Club 2024

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