WITH the unveiling of the Progressive Wage White Paper, the government has shed light on the eventual form of the policy slated to be implemented in late 2024 at the earliest, after the completion of a pilot project from June to September next year.

The 48-page document allocated 27 pag...

The State of the Nation: Progressive Wage Policy: What we know and don’t know so far   

SABAH-based port operator Suria Capital Holdings Bhd (Suria Cap) is said to be leasing out its Sapangar Bay Container Port to DP World plc for 30 years, sources familiar with the matter tell The Edge.

It is understood that talks have been ongoing for some time now and have reached the t...

Suria Cap to lease out Sapangar Bay Container Port to DP World

RHB Bank Bhd

Target price: RM7.15 OUTPERFORM

Brokers Digest: Local Equities - RHB Bank Bhd, Heineken Malaysia Bhd, MBM Resources Bhd, Spritzer Bhd

DECEMBER is typically a month of gains for equities buoyed by window-dressing activities by portfolio managers. In the past five years, the FBM KLCI rose between 0.4% and 4.1% during the month, while the FBM Emas Index and FBM Top 100 Index also saw increases from 2019 to 2022, but not in 2018.

Lack of momentum in year-end window dressing, say analysts

A year ago, I was given the honour of serving as Minister of Investment, Trade and Industry (Miti) in the unity government led by Prime Minister Datuk Seri Anwar Ibrahim. I believe we hit the ground running and, one year on, it is good to reflect on how far we have come, and what we can do better...

My Say: One year at Miti: A journey to elevate Malaysia’s economy

The plight of the Palestinians driven away from their homeland in what was known as a country named Palestine, now Israel, is the greatest human tragedy recorded after World War II, which ended in 1945.

The irony is the Jews, who suffered the most during the holocaust by Nazi German and...

My Say: Don’t stop talking about Palestine

PwC Malaysia’s Building Trust Awards returned for the fifth time in 2023 to commemorate the efforts public-listed companies in Malaysia are making in building trust among its various stakeholders — an especially important asset amid rising stakeholder scepticism.

Trust as a deliberate investment among Corporate Malaysia

After the pandemic-climatic-war shock, the grounds for agriculture shifted dramatically. The landscape of agriculture is mired with complexity unnoticed before. The supply and demand models are no longer the way they used to be — the system of equations with predetermined variables which is oblivious of the web of complexity that emerged lately may have to change.

my Say: New mission for agriculture

These are unique and troubling times for the US. A twice-impeached former president who now faces four separate indictments for serious crimes is the de facto leader of one of the two main political parties. Having remade the Republican Party in his image, Donald Trump will almost certainly be its nominee in the 2024 presidential election, despite mounting evidence of his financial misdeeds and role in an attempted coup. While Democrats fared well in various elections this month, polls show Trump leading US President Joe Biden in key battleground states. Clearly, something is rotten in the American Republic.

Economics for the many: What anti-Trumpism is missing

Higher wages from better jobs or the proposed progressive wage policy could help pave the way for younger adults to avoid old-age poverty, but not those who are close to retirement.

No quick solution to old-age poverty ‘time bomb’

TOLL road operators have answered the government’s call to implement the multi-lane free flow (MLFF) traffic system with a plan prepared by the concessionaires themselves.

Sources say the highway concessionaires have come up with a comprehensive plan for them to implement the gantry sys...

Highway concessionaires want to take charge of MLFF system implementation

China has long prided itself on its economic growth from 1979 onwards as a “peaceful development”, although the original designation of “rise” has been changed to “development”. Whether it is one or the other, China’s ability to engage in what the late Deng Xiao Ping, the paramount leader of China, once called the “four modernisations”, has been nothing but astounding.

my Say: Not the time for China to be a Middle East peace broker in Gaza

The past decade has witnessed an unparalleled decline in nature. Nature loss is intrinsically linked with climate change — a failure in one sphere will exacerbate and cascade into the other. With over half of the world’s total gross domestic product (GDP), or about US$58 trillion (RM270 trillion), being moderately or highly dependent on nature, its loss has far-reaching consequences, not just for the ecology but also for the economy.

my Say: Taking the first step with nature — the next risk frontier

THE tech world had its most turbulent week in history starting Friday, Nov 17. At the beginning of the gripping soap opera, Sam Altman, the CEO of ­OpenAI, the pre-eminent artificial intelligence (AI) start-up, was summarily fired by the board because he was not consistently candid in his communi...

Tech: How a turbulent week changed the future of AI

Moody's Investors Service on Monday affirmed the long-term foreign currency deposit ratings of HSBC Bank Malaysia Bhd (HSBC Malaysia) at A2 and Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) at Baa1.

Moody's affirms all ratings of HSBC Malaysia, StanChart Malaysia with stable outlook

The Communications and Digital Ministry (KKD) will carry on blocking social media platforms with content that can influence, affect and compromise public morals.

KKD will continue to block social media platforms that compromise public morals — Fahmi

AT&T Inc’s choice of Ericsson AB for a US$14 billion (RM65.56 billion) revamp of its sprawling mobile network marks a coming of age for flexible wireless technology that promises to bring competition to infrastructure markets dominated by two companies.

AT&T’s US$14b Ericsson deal signals open networks’ arrival

Malaysia has not yet reached a final decision regarding Article 6 Paragraph 2 of the Paris Agreement due to fears that it may affect the Nationally Determined Contribution (NDC) commitment that has been set.

Malaysia still studying Article 6 of Paris Agreement, concerned about impact on NDC commitment

Representatives from Myanmar's ruling military have held talks, facilitated by China, with three armed rebel groups leading an anti-junta offensive, state media reported a junta spokesperson as saying on Monday.

Myanmar military meets rebel groups with China's help — junta spokesperson

Opec+ will need to maintain its latest oil supply cuts throughout next year in order to keep the global market in balance, according to Citigroup Inc.

Opec+ will need to maintain oil cuts through 2024, says Citi 

Bulk grain shippers hauling crops from the US Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said.

Panama Canal drought to delay grain ships well into 2024

China's Huawei Technologies has asked Mercedes Benz and Volkswagen's Audi if they are interested in buying small stakes in its smart car software and components firm, according to three people with knowledge of the discussions.

Huawei approaches Audi, Mercedes about smart car investment, sources say

Japan’s slow transition to electric cars has been blamed on the usual suspects — high prices, few models, limited charging infrastructure and range anxiety.

Using Big Data to speed up Japan’s slow electric car transition

In today’s edition of Evening 5 — EPF CEO Datuk Seri Amir Hamzah Azizan is tipped to be finance minister II in a Cabinet reshuffle that sources say will take place tomorrow. Meanwhile, NagaCorp confirms the passing of gambling tycoon Tan Sri Dr Chen Lip Keong due to illness.

EVENING 5: EPF CEO tipped to be finance minister II

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

PM set to announce Cabinet reshuffle tomorrow, EPF CEO tipped to be finance minister II — sources

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

Supermax says shareholders without board posts can't speak for company as family strain resurfaces over jet buy

KUALA LUMPUR (Dec 11): Shares in YTL Power International Bhd continued their upward momentum on Monday toward their highest since the company’s listing in 1997, after it announced its partnership with US-tech giant Nvidia Corp to build an artificial intelligence (AI) data centre in Johor.

YTL Power, YTL Corp hit fresh record highs on AI hub tie-up with Nvidia

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Huawei phone shows China replacing US suppliers of 5G tech

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

Malacca Securities deems BPlant’s takeover price unfair but recommends shareholders accept it

theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

Abang Abdillah Izzarim Abang Abdul Rahman Zohari has stepped down as executive chairman of Sarawak Consolidated Industries Bhd (SCIB), just six months after he was appointed to the position.

Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

The contract value of local companies' involvement in the East Coast Rail Link (ECRL) project has reached RM12.99 billion, surpassing the set target of RM10.8 billion, according to Transport Minister&nbsp;Anthony Loke Siew Fook.

ECRL: Local company contract value reaches RM12.99b, surpasses RM10.8b target, says Loke

KUALA LUMPUR (Dec 11): The move towards&nbsp;de-dollarisation could have positive impacts on the Malaysian economy, said&nbsp;Socio-Economic Research Centre executive director Lee Heng Guie.&nbsp;

De-dollarisation could have positive impacts on Malaysian economy — expert

Yang di-Pertuan Agong&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah officiated the installation of the first&nbsp;track of the East Coast Rail Link (ECRL) project here on Monday.

King officiates installation of first ECRL track

The Civil Aviation Authority of Malaysia (CAAM) has granted type certification to Airbus’&nbsp;next generation twin-engine H160 to fly in Malaysia skies in the coming months. &nbsp;

Airbus H160 gets nod from CAAM for Malaysian skies

KUALA LUMPUR (Dec 11): Hong Leong Investment Bank (HLIB) Research has maintained its “buy” call on Ancom Nylex Bhd, a manufacturer and seller of chemical products, and a target price of RM1.65 based on 17.5 times forecast financial year 2024 (FY2024F) of earnings per share.

Ancom Nylex to benefit from manufacture of new agrichemicals, strong demand, says HLIB Research

KUALA LUMPUR (Dec 11): Jentayu Sustainables Bhd’s second generator of its 40MW (megawatt)&nbsp;Telekosang run-of-river hydropower plant in Tenom, Sabah, has achieved its initial operation date on Dec 9, with the feed-in-tariff commencement date (FiTCD) targeted in the next 30 days.

Jentayu sees Telekosang Hydro 2 feed-in-tariff in one month, to rope in partner for 170MW Project Oriole

Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance, said an analyst.&nbsp;

Late buying lifts Bursa to end at intraday high

Australia’s government is looking to calm a political storm around record-high migration, at a time when Prime Minister Anthony Albanese faces plunging approval ratings, stoked by public discontent on everything from inflation to surging rents.

Australia to curb migration as PM Albanese faces voter backlash

KUALA LUMPUR (Dec 11): Bursa Malaysia Derivatives Bhd (BMD) has&nbsp;launched its first currency futures contract, the Mini&nbsp;USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

Bursa Malaysia Derivatives launches first currency futures contract through HKEX collaboration

DRB-Hicom Bhd has entered into an agreement to form a joint-venture (JV) company with China’s auto giant Zhejiang Geely Holding Group Co Ltd for the overall operation and management of the development and construction of the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely form JV to develop Automotive Hi-Tech Valley project

Penang has reportedly&nbsp;proven its allure to both new and existing investors, with an investment inflow of RM34.6 billion in the manufacturing sector in the third quarter of 2023 (3Q2023), a 421% year-on-year (y-o-y)&nbsp;increase.

Penang saw RM34.6b manufacturing-sector investment inflow in 3Q, says Chow

Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million.

Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB

Malaysia-headquartered property company United Overseas Australia (UOA) said on Monday its Vietnamese unit had inked a joint-venture (JV) agreement with CapitaLand (Vietnam) Holdings for a US$247.1 million (RM1.16 billion) property project.

Edge-weekly

‌
‌

Edge-weekly

‌‌

‌
‌