Government tech provider Scicom (MSC) Bhd weathered the unexpected change of government last year fairly well, amid global economic uncertainties.

Global economic challenges have resulted in a decreased contract volume, which has weighed down on Scicom’s earnings. However, returns to sh...

Highest return on equity over three years: INDUSTRIAL PRODUCTS & SERVICES: Scicom - Stable returns amid uncertainty

Harbour-Link Group Bhd took home The Edge Malaysia Centurion Club corporate award for highest return on equity (ROE) for the transport sector.

The shipping, marine, integrated logistics, engineering and construction outfit was established in 2002. It consolidated all of the group’s busi...

Highest return on equity over three years: TRANSPORT & LOGISTICS: Harbour-Link Group - Strikes the right chord

Shipping players have been facing rough financial seas, owing to global and regional economic uncertainties in recent years. Despite this, Shin Yang Shipping Corp Bhd has sailed through on the wave of resilience while growing its bottom line.

In the financial year ended June 30, 2018 (F...

Highest growth in profit after tax over three years: TRANSPORT & LOGISTICS: Shin Yang Shipping Corp - Rides out industry storm

Amid an intensely competitive business landscape, Tasco Bhd has shone by virtue of successfully defending the returns of its shareholders despite biting the bullet to venture into new business areas.

In the three-year period under review, the company’s share price has fluctuated but rem...

Highest Returns to Shareholders over three years: TRANSPORT & LOGISTICS: Tasco - Defends shareholder returns despite growing pains

Keynote address by Minister of Finance Lim Guan Eng

 

Ladies and Gentlemen

A very good evening to everyone.

 

THE CENTURION CLUB 2019

I would like to thank Datuk Tong Kooi Ong and The ...

Putting Malaysia back in business and Malaysians back to work

Hai-O Enterprise Bhd can be likened to its namesake, the seagull, which is adept at swimming, walking and flying — an apt description of how the company has always dealt well with change.

Founded in 1975 by Tan Kai Hee as a business selling mainly traditional Chinese medicine (TCM), Hai...

Highest growth in profit after tax over three years & Highest Returns to Shareholders over three years: CONSUMER PRODUCTS AND SERVICES: Hai-O Enterprise - Soaring high for the past 40 years

In its 2018 annual report, Country View Bhd says, “Sustainability is integral to the way we conduct our business activities.”

Not surprisingly, this philosophy helped the Johor-based property developer pick up not one but two awards in the inaugural The Edge Malaysia Centurion Club Corp...

Highest return on equity over three years & Highest growth in profit after tax over three years: PROPERTY: Country View - Delivering sustainable growth despite tough conditions

Investors of Paramount Corp Bhd should be a contented lot as the property group has consistently paid out decent dividends over the years despite the slowdown in the domestic property market.

For the year ended Dec 31, 2018 (FY2018), it paid shareholders a gross dividend per share of 8....

Highest Returns to Shareholders over three years: PROPERTY: Paramount Corp - En route to becoming a pure play in sector

Oil and gas (O&G) outfit Deleum Bhd came out tops in two categories of The Edge Malaysia Centurion Club Corporate Awards 2019, namely the Highest Return on Equity Over Three Years and the Highest Returns to Shareholders Over Three Years.

The company managed an average weighted ROE o...

Highest return on equity over three years & Highest Returns to Shareholders over three years: ENERGY: Deleum - Financials show company’s model sustainable

A compound annual growth rate (CAGR) of 12% saw oil and gas long-timer Uzma Bhd win The Edge Malaysia Centurion Club corporate award for the Highest Growth in Profit After Tax Over Three Years in the energy sector for the evaluation period of the financial year ended June 30, 2015 (FY2015) to FY2...

Highest growth in profit after tax over three years: ENERGY: Uzma - Perseverance in the face of low oil prices

The emphasis on a quality education is more pronounced now than it has ever been before as employers seek graduates who are equipped with the resources and capabilities to grow the knowledge economy.

Recognising this, SEG International Bhd (SEGi), which operates the SEGi Group of Colleg...

Highest return on equity over three years: CONSUMER PRODUCTS AND SERVICES: SEG International - Delivering high yields through the provision of affordable higher education

The operating environment for Opcom Holdings Bhd is getting increasingly tough, so it is to the fibre-optic cable manufacturer’s credit that it has managed to deliver reasonable returns to shareholders over the last three years.

Opcom’s net profit grew a strong 67.1% to RM7.42 million i...

Highest return on equity over three years & Highest growth in profit after tax over three years: TELECOMMUNICATIONS & MEDIA + UTILITIES: Opcom Holdings - Reasonable returns despite tough times

Penang’s water service provider PBA Holdings Bhd has been able to deliver decent returns to shareholders over the years despite growing challenges, which include a need for a water tariff hike in the state.

The group fell into a net loss of RM103.43 million for the financial year ended ...

Highest Returns to Shareholders over three years: TELECOMMUNICATIONS & MEDIA + UTILITIES: PBA Holdings Shareholders rewarded since listing in 2002

Some say Econpile Holdings Bhd’s work is not visible even though the company is involved in many mega infrastructure projects, including rail projects such as the MRT and LRT in the Klang Valley and many skyscrapers in Kuala Lumpur.

Indeed, construction can only start after Econpile has...

Highest return on equity over three years: CONSTRUCTION: Econpile Holdings - On solid foundations to weather economic downturn

(Dec 7): President Joe Biden moved to forgive US$4.8 billion in student loans Wednesday, providing relief to more than 80,000 borrowers including public sector employees and Americans who have been repaying their federal debts for decades.

The move implements regulatory changes taken by...

Biden moves to forgive nearly US$5 billion in student loans

NEW YORK (Dec 7): A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated U.S. Treasury yields fell after economic data kept afloat expectations the Federal Reserve has leeway to cut rates next year.

U.S. private payrolls rose by...

Stocks edge up, 10-year Treasury yield falls as rate cut timing weighed

LONDON (Dec 7): Resurgent Bournemouth climbed further away from the Premier League relegation zone with a comfortable 2-0 victory at Crystal Palace courtesy of goals by Marcos Senesi and Kieffer Moore on Wednesday.

Senesi headed in from a corner in the 25th minute and Bournemouth were r...

Bournemouth's resurgence continues with win at Palace

(Dec 7): U.S. stocks ended down on Wednesday, pulled lower by megacaps and energy shares as signs of a cooling jobs market reinforced expectations that the Federal Reserve could start cutting interest rates early next year.

The ADP National Employment report showed private payrolls incr...

Wall St ends lower as investors weigh fresh employment data

SHEFFIELD, England (Dec 7): Liverpool's Virgil van Dijk scored a first-half volley to put his side on course for a 2-0 Premier League victory over Sheffield United on Wednesday, handing new Blades boss Chris Wilder a losing start on his return to the club.

The Liverpool captain volleyed...

Van Dijk volley sets up Liverpool for 2-0 win over Sheffield United

WASHINGTON (Dec 7): President Joe Biden pleaded with Republicans on Wednesday for a fresh infusion of military aid for Ukraine, warning that a victory for Russia over Ukraine would leave Moscow in position to attack NATO allies and could draw U.S. troops into a war.

Biden spoke as the U...

Do not let Putin win, Biden pleads with Republicans on Ukraine

Here is a brief recap of some corporate announcements that made the news on Wednesday: Gamuda Bhd, Boustead Plantations Bhd, LB Aluminium Bhd, Comintel Corp Bhd, IOI Properties Group Bhd, Malaysian Pacific Industries Bhd, Hiap Teck Ventures Bhd, Heitech Padu Bhd, Sime Darby Bhd, MyEG Services Bhd, UMW Group.

Gamuda, Boustead Plantations, Comintel, IOI Prop, Tropicana, MPI, Hiap Teck, Heitech Padu, Sime Darby, MyEG, UMW Holdings 

(Dec 6): Dalian Wanda Group Co’s founder Wang Jianlin is planning to sell the rest of the firm’s film unit as the troubled Chinese conglomerate faces increasing debt repayment pressure.

 The billionaire plans to transfer his 51% stake in Beijing Wanda Investment Co, which controls ...

Wanda’s billionaire founder sells film unit as debt pressure builds

Airline profits are set to stabilise in 2024 as continued growth in post-pandemic travel is offset by the high cost of capital and capacity constraints, industry group IATA said on Wednesday.

Airlines see stable profits, record traveller numbers in 2024

Wall Street's main indexes gained on Wednesday as investors turned more optimistic about rate cuts from the Federal Reserve early next year, after data showed further signs of a cooling jobs market.

Wall Street rises as soft employment data supports rate cut bets

KUALA LUMPUR (Dec 6): Property developer IOI Properties Group Bhd plans to acquire five-star hotel W Kuala Lumpur (W KL) in Jalan Ampang, KL for RM270 million, cash, from property group Tropicana Corp Bhd.

IOI Properties to buy W Kuala Lumpur hotel from Tropicana for RM270 mil cash

KUALA LUMPUR (Dec 6): Gamuda Bhd’s Singapore branch (GBSG), an operating unit of the group, has secured a S$509.568 million (RM1.77 billion) design and construction contract for the West Coast station and tunnel.

Gamuda bags RM1.77 bil Singapore MRT project

KUALA LUMPUR (Dec 6): Gamuda Bhd recorded a net profit of RM195.04 million in the first quarter ended Oct 31, 2023 (1QFY2024), compared to RM1.168 billion a year ago.

Gamuda records RM195 mil net profit in 1QFY2024

(Dec 6):&nbsp;Thailand is on course to meet its target for 28 million foreign tourist arrivals this year, as a surge in visitors from neighbouring Malaysia helps counter a slow recovery in the Chinese market, the biggest source of inbound travellers to Thailand, pre-Covid.

Malaysians top list of tourists flocking to Thailand as Chinese miss target

Agrochemical businessman Datuk Eddie Ong Choo Meng has emerged as a substantial shareholder in Hektar Real Estate Investment Trust (Hektar REIT), after acquiring a 28.462% stake, or 143.9 million shares, in the company.

Eddie Ong buys into Hektar REIT, says no plan to merge with KIP REIT for now

Here is a brief recap of some corporate announcements that made the news on Wednesday: Gamuda Bhd, Boustead Plantations Bhd, LB Aluminium Bhd, Comintel Corp Bhd, IOI Properties Group Bhd, Malaysian Pacific Industries Bhd, Hiap Teck Ventures Bhd, Heitech Padu Bhd, Sime Darby Bhd, MyEG Services Bhd, UMW Group.&nbsp;&nbsp;

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EVENING 5: Five things you need to know today

KUALA LUMPUR (Dec 6): CSH Alliance Bhd has appointed former Bank Negara Malaysia's (BNM) currency management and operations department&nbsp;director Azman Mat Ali as its independent and non-executive chairman, effective immediately.&nbsp;

Former BNM forex dept director appointed CSH Alliance chairman

Boustead Heavy Industries Corp Bhd (BHIC) has proposed to undertake a partial debt settlement with three banks totalling RM183.26 million and the full settlement of its RM234 million debt with Boustead Holdings Bhd (BHB), before Dec 31.

Boustead Heavy Industries announces RM417m debt settlement plan with three lenders, Boustead Holdings

Comintel Corp Bhd, which completed its regularisation plan last year, has proposed a rights issue exercise followed by a private placement to raise approximately RM90 million for acquisition of construction equipment and working capital purposes.

Comintel proposes 1-for-10 rights issue, private placement to raise up to RM90 mil

SEREMBAN (Dec 6): The Malaysia Vision Valley (MVV) Industrial Park, which is in the planning permission approval stage for development on&nbsp;307.6&nbsp;hectares (ha) in Parcel B, Labu, has the potential to&nbsp;achieve&nbsp;a gross development value (GDV) of up to RM2.8 billion.

MVV Industrial Park project in Negeri Sembilan poised to achieve RM2.8 bil GDV

PUTRAJAYA (Dec 6): Checks have shown that the&nbsp;video of an individual proposing the establishment of diplomatic ties between Malaysia and Israel was&nbsp;a December&nbsp;2021 clip which has been circulated again,&nbsp;said Communications and Digital Minister Fahmi Fadzil.

Fahmi: Video of individual proposing Malaysia-Israel ties old clip

Moody's on Wednesday downgraded its outlook on Hong Kong to negative from stable, a day after cutting China's credit outlook citing costs to bail out local governments and state firms or to control its property crisis.

Moody's changes Hong Kong's outlook to negative from stable 

US private payrolls increased less than expected in November as the labour market gradually cools.

US private payrolls miss expectations in November 

KUALA LUMPUR (Dec 6):&nbsp;Malaysian police said&nbsp;on Wednesday that they have arrested&nbsp;a 36-year-old man&nbsp;and were conducting a&nbsp;sedition&nbsp;investigation over&nbsp;statements he made, suggesting the country should establish diplomatic relations with&nbsp;Israel.

Malaysian police arrests man over statements backing diplomatic ties with Israel

LB Aluminium Bhd saw its net profit fell 64.59% to RM4.37 million for the second quarter ended Oct 31, 2023 (2QFY2024), from RM12.35 million a year before, due to lower contribution from the aluminium segment.

LB Aluminium's 2Q net profit falls 65%, dragged by aluminium segment amid weaker sales and margin 

The Italian government has told China it plans to exit the massive Belt and Road Initiative investment programme which Rome signed up to in 2019, according to Foreign Minister Antonio Tajani.

Italy tells China it will exit Belt and Road investment pact

SINGAPORE (Dec 6): Oiltek International has won new contracts worth RM52.5 million from Colombia and Malaysia, bringing its total order book to RM390.6 million.

Oiltek wins RM52.5 mil worth of new contracts from Malaysia and Columbia

Power supply to the Bangunan Sultan Iskandar Customs, Immigration and Quarantine (BSI CIQ) Complex and Johor Bahru Sentral, was fully restored at 9.13am.

Power supply to Johor Causeway checkpoint, JB Sentral fully restored this morning — TNB

Sapura Industrial Bhd's net profit fell 25.68% to RM1.89 million in the third quarter ending Oct 31, 2023 (3QFY2024), compared to RM2.55 million a year ago, mainly due to the provision for deferred tax liabilities.

The Edge Malaysia Centurion Club Corporate Awards 2019

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