ACE Holdings Bhd has been in the news a lot lately mainly because of legal suits initiated against it by individuals and entities that had placed money with the company, in return for preference shares in it with targeted annual returns of 12% on average.

To put things into perspective,...

Special Report: How Covid-induced loan moratorium caused ACE’s current problems

OVER the past 10 years or so, ACE Holdings Bhd has consistently paid out 12% to 15% in annual returns to its bevy of well-heeled investors, according to executive director Datuk Calvin Choong Chee Meng.

However, as a result of the Covid-19 pandemic, ACE Holdings took a beating as the go...

Special Report: ACE Holdings’ RM819 mil predicament

PROPERTY developer UEM Sunrise Bhd (UEMS) is expected to sign a deal to buy Giant Mall in Kelana Jaya, Petaling Jaya, Selangor — located off the Damansara-Puchong Expressway — from the Employees Provident Fund (EPF) for more than RM150 million, sources say.

It is learnt that UEMS plans ...

UEM Sunrise seen set to buy Giant Mall in Kelana Jaya from EPF

Automotive

KENANGA INVESTMENT BANK RESEARCH (MAY 22): April 2023 total industry volume (TIV) of 46,583 units (-41% m-o-m, -19% y-o-y) retraced significantly from last month’s record number, owing to fewer working days during the Har...

Brokers Digest: Local Equities - MBM Resources Bhd, Bermaz Auto Bhd, Public Bank Bhd, Kerjaya Prospek Group Bhd, Malaysia Smelting Corp Bhd

AFTER almost six months of lacklustre market performance, investors are hoping conditions will improve in the second half of the year. However, analysts are mixed on what lies ahead.

The more bullish fund managers say the impact from the banking crisis that started with the collapse of ...

Market could face a bumpy road in 2H2023

When assessing human progress, granularity matters. What we see the closer we get to ground truth is often quite different from the picture painted at a national or subcontinental level. In most countries, including Malaysia, paying attention to progress closer than just at the national level bec...

My Say: How a microregional perspective can inform strategy

Policymakers, economists and experts have recently been talking about our government debt level.

As at the end of 2022, the federal government debt-to-gross domestic product (GDP) ratio stood at 60.4%. Including the off-budget or contingent liabilities, our total public debt had reached...

My Say: Good and bad news about the government’s debt level

Star Media Group held its extraordinary general meeting (EGM) as scheduled on May 31. The resolution on the disposal of properties — two units of double-storey semi-detached factory and warehouse annexed with a 1½-storey office building plus other ancillary buildings — to Matang in exchange for a 13% stake in the latter (plus RM4.1 million cash for a total consideration of RM33 million) was voted down by the majority shareholdings.

Tong's Portfolio: Share investors like outcome of Star Media Group’s EGM

Business leaders across the globe are regularly asking themselves some form of the following four questions:

1.     How do I navigate today’s environment of extraordinary uncertainty?

2.     How likely are...

My Say: Leaders navigating an uncertain world

Dispelling the notion of the Employees Provident Fund (EPF) turning into a fund that works more for the rich following massive Covid-19 withdrawals, its chief executive officer Datuk Seri Amir Hamzah Azizan cites hard facts about who 80% of its members are.

Double cover: EPF dispels impression it’s a rich man’s club + MAHB on making KLIA great again

Champions or cheats?” That is the question. And it is being asked as the significance of Manchester City’s evisceration of Real Madrid in the Champions League, and fifth English Premier League (EPL) crown in six years, begins to sink in. As brightly as the players have shone on the field, they co...

Business Of Sports: Conundrums of war: Manchester City in power battle for football supremacy

The sovereign debt crisis was high on the agenda at this year’s spring meetings of the World Bank and the International Monetary Fund (IMF), with all eyes on China, the biggest creditor to the developing world, and the International Development Association (IDA), the World Bank’s fund for the poo...

The New Global Economy: Growing out of the developing-country debt crisis

IN March last year, the initial public offering (IPO) of Johor-based integrated dairy producer Farm Fresh Bhd, which raised RM1 billion, including fresh capital of RM301 million, was seen as a breath of fresh air for the local bourse.

Previously, investors who wanted exposure to the con...

Cover Story: Analysts see Farm Fresh as the cream of the crop among dairy stocks 

WHEN Farm Fresh Bhd started with 60 Holstein Jersey cows from Australia at its farm in Johor, nobody would have expected the home-grown dairy product specialist to come this far.

Spearheaded by its co-founder and managing director Loi Tuan Ee, a farmer turned entrepreneur who grew up in...

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