The allocations that the government has agreed to consider extending to elected representatives from the opposition are subject to terms and conditions, said DAP Parliament chief whip Nga Kor Ming.

Nga: Proposed allocations for opposition reps conditional

The demands for allocations by opposition Members of Parliament will be discussed in the Unity Government Leadership Council meeting next Wednesday.

Unity govt to discuss allocations for opposition on Wednesday, says Fadillah

The Dewan Negara's first meeting of the third session of the 15th Parliament concluded on Thursday after a three-week sitting since March 18, which saw the approval of 17 Bills.

Dewan Negara meeting ends after passing 17 Bills

The Dewan Negara on Thursday passed the Environmental Quality (Amendment) Bill 2023 and the Licensed Land Surveyors (Amendment) Bill 2024.

The Bill to amend the Environmental Quality Act 1974 (Act 127) was approved by more than 17 votes in favour after 17 senators took part in the debate.

Dewan Negara passes two environment-related Bills

A total of 823 companies have signed bank guarantee agreements with the Ministry of Health (MOH) as of February to enable their foreign workers to gain access to medical facilities at MOH clinics and hospitals.

MOH sign bank guarantee agreements with 823 companies

The Ministry of Investment, Trade and Industry (Miti), through its agencies, is working with the Ministry of Entrepreneur and Cooperatives Development to address the issue of Bumiputera companies’ low participation in the manufacturing sector.

Ministries in joint effort to address low participation of Bumiputera firms in manufacturing, says Zafrul

The government does not consider it suitable to impose capital gains tax on the disposal of shares of listed companies at this time, said Deputy Finance Minister Lim Hui Ying.

"The approach is taken to ensure that the local stock exchange can continue to be competitive," she said when winding up the debate on the Income Tax Bill (Amendment) 2024 in the Dewan Negara on Wednesday.

Not the right time to impose capital gains tax on disposal of shares

The money services business (MSB) handled a total of RM74 billion in transactions last year, said Deputy Finance Minister Lim Hui Ying.

"As of Dec 31, 2023, there are 259 licensed MSB companies that offer conversion, delivery and wholesale currency services through more than 2,900 licensed premises and agents nationwide," she said when winding up the debate on the Money Services Business Bill (Amendment) 2024 in the Dewan Negara on Wednesday.

Money services business handled RM74 bil in transactions in 2023 — deputy finance minister

The Dewan Negara has passed the Unclaimed Moneys (Amendment) Bill 2024.

The Bill, presented by Deputy Finance Minister Lim Hui Ying, was unanimously approved after being deliberated by nine senators.

Dewan Negara passes amendment to Unclaimed Moneys Act 1965

The local iron and steel industry is facing major challenges resulting from the lack of activities in China’s construction sector, Deputy Investment, Trade and Industry Minister Liew Chin Tong said.

Local iron and steel industry affected by China's construction sector, says Liew

KUALA LUMPUR (April 3): There is no need for the private sector to operate the Malaysian Vocational Certificate (SVM) programme to meet the needs now, said Deputy Education Minister Wong Kah Woh.

He said this is because the Ministry of Education (MOE) has a comprehensive plan to expand ...

No need for private sector to handle Malaysian Vocational Certificate programme — MOE

The Ministry of Defence is in the midst of completing the policy paper to strengthen the country's defence industry and explore new areas in defence, including cybersecurity, the Dewan Negara was told on Wednesday.

Ministry in midst of completing policy paper to strengthen defence industry — Adly

The authorities will investigate Malaysian citizens who have been rescued from job offer scams to ensure they are indeed victims, not syndicate masterminds.

Govt to probe rescued job scam victims to ensure they are not syndicate masterminds, says Tok Mat

The Malaysian Investment Development Authority (Mida) had approved 4,230 green technology projects worth RM41 billion as of 2023, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Mida approved 4,230 green tech projects worth RM41b as of 2023, Dewan Negara told

Loss-making Annum Bhd said on Thursday it has received a show-cause notice from Bursa Malaysia over the company's failure to issue its annual report for the financial period ended June 30, 2023 (FY2023), which was due on Oct 31, 2023.

Annum still fails to issue annual report after finding auditor following 31 rejections, hit by Bursa show-cause notice

Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump.

Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots.

Qualcomm jumps as AI sparks rebound in Chinese smartphone market

Sarawak Cable Bhd (SCB) has once again obtained a time extension to submit its Practice Note 17 (PN17) regularisation plan from Bursa Malaysia.

The deadline has now been extended by another six months to Sept 30 from March 31, its bourse filing on Thursday showed. The original deadline was Nov 1, 2023.

Sarawak Cable gets another time extension to submit PN17 exit plan

Construction outfit and bus operator Epicon Bhd will exit Practice Note 17 (PN17) status on Friday following the completion of its regularisation plan.

Epicon, formerly Konsortium Transnasional, exits PN17 status

Hong Kong's securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on Thursday.

The Hong Kong Securities and Futures Commission (SFC) said it had started criminal proceedings against Segantii, its founder and chief investment officer Simon Sadler, and former trader Daniel La Rocca for insider dealing in the shares of a Hong Kong-listed company prior to a block trade in June 2017.

Insider dealing charges brought against Segantii and its founder in Hong Kong

A former Hong Kong-based Societe Generale SA (SocGen) trader claimed he was fired and said the French lender should share the blame for failing to detect his wagers.

Ex-SocGen trader says he was fired after bank failed to detect his bets

Adani Enterprises Ltd’s shares slipped after it posted a 38% fall in quarterly profit, hurt by a one-time charge to provide for Covid-era airport dues.

Adani flagship’s profit slips 38% due to past airport dues

Uber Technologies Inc was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds, accusing it of unlawfully operating in the capital city.

Uber hit with £250m suit from London’s black cab drivers

JAKS Resources Bhd's unit has signed a memorandum of understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region.

JAKS partners CALB to tap into SE Asia's battery energy storage systems market

Lotte Chemical Titan Holdings Bhd (LCTitan) logged a net loss of RM178.03 million in the first quarter ended March 31, 2024 (1QFY2024), making the group's eighth straight loss-making quarter.

LCTitan posts 8th straight quarterly loss ahead of planned plant turnaround

US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Ikram Education Sdn Bhd which owns the Infrastructure University Kuala Lumpur (IUKL).

Protasco gets offer from HK firm to buy its university unit

Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Luno launches two new digital assets

Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;

Feytech's Main Market IPO to raise over RM201m

Subang Airport, officially known as Sultan Abdul Aziz Shah Airport, will likely be able to handle jet aircraft by the third quarter this year, according to Transport Minister Anthony Loke.

Subang Airport’s jet ops likely to start in 3Q, also eyes business jets — Loke

Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.

Bursa Malaysia climbs to over three-year high after above-view 1Q

The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Microsoft’s new US$2.2b outlay is company’s largest single investment in Malaysia, says Anwar

Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;

Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

Shares of Duopharma Biotech Bhd surged more than 9% during early trade on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.

Duopharma Biotech surges over 9% after RM578m contract news

The High Court on Thursday dismissed Tengku Datuk Zafrul Abdul Aziz's application to file an affidavit with regards to Datuk Seri Najib Razak's judicial review application to unearth an addendum to his pardon order that detailed he was to spend the remainder of his sentence under "house arrest".

Court rejects Zafrul’s bid to file affidavit on Najib’s ‘house arrest’ order

Shares of Ge-Shen Corp Bhd rose as much as 14.91% to a new record high of RM4.47 on Thursday, following the emergence of Chin Hin Group’s Chiau family as its second largest shareholder.

Ge-Shen shares hit new high on emergence of new substantial shareholder

Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

Yinson unit secures single largest term loan of US$1.3b to finance Agogo FPSO delivery

Mechanical and electrical engineering services provider Pasukhas Group Bhd has secured a RM56.98 million contract to build a data centre in Selangor.

Pasukhas secures RM57m contract from US company to build data centre in Selangor 

US President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called “xenophobic” in a speech at a campaign fundraising event in Washington.

Biden calls ally Japan ‘xenophobic’ along with China, Russia

Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.

In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.

Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told Reuters on Wednesday.

US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum while five stocks showed negative momentum.

GHL Systems, Oppstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah 

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).

Westports' 1Q net profit up 11% on higher container revenue, finance income and share of results of JV

Smart Asia Chemical Bhd, en route to Bursa Malaysia’s ACE Market, expects its new plant in Perak to triple its production capacity while allowing the paint and coating manufacturer to be closer to its clients.

Smart Asia Chemical to triple capacity with new plant from IPO proceeds

South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.

Parliament

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