<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 15): AHB Holdings Bhd, formerly Artwright Holdings Bhd, will be exiting Practice Note 17 (PN17) status in the coming Monday.</p></div>

<div class=newsTextDataWrapInner><p>According to the premium office furniture maker's filing with Bursa Malaysia today, it will be uplifted from being classified as a PN17 company effective 9 am on April 18, 2016.</p></div>

<div class=newsTextDataWrapInner><p>AHB slipped into PN17 status in October 2014 after its external auditors expressed a disclaimer in the group's audited financial statements for the financial year ended June 30, 2014 (FY14).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The disclaimer was caused by uncertainties on various effects on the financial statements, in the event of deconsolidation of one of its wholly-owned subsidiary which has been wound up.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended Dec 31, 2015 (3QFY16), AHB posted a net profit of RM552,000, an increase of 46.42% from RM377,000 the year before (3QFY15). Revenue rose 12.5% to RM4.5 million, from RM4.01 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares of AHB closed 0.5 sen or 2.5% higher at 20.5 sen today, with 789,300 shares traded, for a market capitalisation of RM32.81 million.</p></div>


KUALA LUMPUR (April 15): AHB Holdings Bhd, formerly Artwright Holdings Bhd, will be exiting Practice Note 17 (PN17) status in the coming Monday.

According to the premium office furniture maker's filing with Bursa Malaysia today, it will be uplifted from being classified as a PN17 compan...

AHB exits PN17 status next Monday

KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.

Magni-Tech shares jump in early trade on within-expectations 2Q results

(Dec 3): A slew of automotive companies across Europe have announced plant closures and big layoffs recently as they struggle with weak demand, high costs, competition from China and a slower-than-expected transition to electric vehicles.

Below are layoffs and site closures announced in...

Europe's embattled auto sector plans plant closures and layoffs

(Dec 3): Donald Trump Jr is joining the board of PSQ Holdings Inc, the owner of online marketplace PublicSquare, according to people with knowledge of the matter. The company’s shares more than doubled in New York trading.

Donald Trump Jr to join board of ‘patriotic’ marketplace PublicSquare — Bloomberg

MORNING CALL: 4/12/24

South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.

Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting.

South Korea’s Yoon ends martial law after political gamble

Stocks in Asia are set for a mixed open after South Korean President Yoon Suk Yeol’s shock decision to impose martial law for the first time in more than 40 years, only to reverse course hours later, caught global markets off guard. 

Equities opened lower in Sydney, while futures pointed to a gain in Tokyo and a decline in Hong Kong. S&P 500 contracts were steady after the index closed little changed

South Korea chaos sets cautious tone for Asia open

In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.

Rise of the family office

South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.

South Korea’s whirlwind stint in martial law jolts markets

A rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December.

Equities struggled to make much headway, following an over $11 trillion surge in the US equity benchmark this year that sent the gauge near overbought levels

S&P 500 ekes out gain to notch 55th record in 2024

Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday.

Binastra Corp, Mah Sing, T7 Global, JF Technology, VS Industry, Solarvest Holdings, Magni-Tech Industries

<p>The founding couple of FashionValet Sdn Bhd (FashionValet), who have been linked to the investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), will be charged at the Kuala Lumpur Sessions Court on Thursday.</p>


FashionValet founders to be charged on Thursday, says MACC chief

<p>South Korean President Yoon Suk Yeol on Tuesday declared martial law in a surprise late-night TV address, slamming domestic political opponents and sending shockwaves through the country.</p>


South Korea President Yoon declares martial law, slams domestic opponents 

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday.</p>


<p>Magni-Tech Industries Bhd (KL:MAGNI), another cash-rich company on Bursa Malaysia, has declared a special dividend with the release of its latest second quarter results, which saw net profit rising 18.74% on higher revenue.</p>


Magni-Tech declares 23 sen dividend, including 20 sen special as 2Q profit jumps

<p>Investment company Abrdn plc, formerly known as Aberdeen Asset Management plc, has emerged as a substantial shareholder in Feytech Holdings Bhd (KL:FEYTECH), after raising its stake to 5.21% or 43.91 million shares.</p>


Abrdn emerges as substantial shareholder in Feytech

<p>South Korean President Yoon Suk Yeol said he will rescind his martial law decree, giving in to the parliament’s opposition just hours after his dramatic move imposing it that shook markets and surprised other world leaders.</p>

<p>Yoon said in a televised address early Wednesday that he will “accept the National Assembly’s demand and lift the martial law through a cabinet meeting.</p>


<p>The Life Insurance Association of Malaysia (Liam) said it is still in discussion with Bank Negara Malaysia (BNM) about measures that can be taken to ease the burden on policyholders following the unprecedented rise in medical claims over the past few years.</p>


Insurers say still in talks with BNM over recent hikes in medical insurance premiums

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Cloudpoint Technology Bhd (KL:CLOUDPT) said it has secured a RM33.6 million contract to implement advanced integrated service management automation (ISMA) solutions from a local bank.</p>


Cloudpoint Technology bags management automation solutions contract from local bank

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


<p>Stocks in Asia are set for a mixed open after South Korean President Yoon Suk Yeol’s shock decision to impose martial law for the first time in more than 40 years, only to reverse course hours later, caught global markets off guard.&nbsp;</p>

<p>Equities opened lower in Sydney, while futures pointed to a gain in Tokyo and a decline in Hong Kong. S&amp;P 500 contracts were steady after the index closed little changed</p>


<p>Financially distressed MMAG Holdings Bhd (KL:MMAG) has taken a step forward in its recovery efforts by securing a partnership with Malaysia Airlines Bhd.</p>


MMAG signs deal to serve as MASKargo's exclusive freighter operator

<p>Wall Street's main indexes were subdued in choppy trading on Tuesday after the S&amp;P 500 and the Nasdaq notched record high levels in the last session, with focus on a crucial jobs report later this week along with more data and commentary from Federal Reserve officials.</p>


Wall Street muted with focus on more data, US Fed commentary

<p>Malaysia aims to capitalise on opportunities by enhancing economic co-operation with the Pacific Alliance, said Deputy Investment, Trade, and Industry Minister Liew Chin Tong.</p>

<p>He emphasised that the focus goes beyond trade and investment.</p>


Malaysia to enhance economic co-operation with Pacific Alliance

<p>A&nbsp;rally that drove stocks to a series of all-time highs showed signs of exhaustion, with investors awaiting this week’s key jobs report and Jerome Powell’s remarks for clues on whether Federal Reserve officials will cut interest rates in December.</p>

<p>Equities struggled to make much headway, following an over $11 trillion surge in the US equity benchmark this year that sent the gauge near overbought levels</p>


<p>US job openings increased moderately in October while layoffs declined, suggesting the labour market continued to slow in an orderly fashion.</p>


US job openings rise in October, layoffs decrease

<p>Despite widespread concern that generative AI could interfere with major elections around the globe this year, the technology had limited impact across Meta Platforms' apps, the tech company said on Tuesday.</p>


Meta says gen AI had muted impact on global elections this year

<p>The world's debt stock surged by over US$12 trillion (RM53.6 trillion) in the first three quarters of 2024 to a fresh record of nearly US$323 trillion, thanks to falling borrowing costs and rising risk appetite, a report by a banking trade group showed on Tuesday.</p>


Global debt surges past US$320 tril as risk appetite returns — IIF 

<p>The exceptional heavy rainfall, exceeding 1,000mm, equivalent to six months' worth of rainfall in Kelantan and Terengganu, has been the primary cause of the devastating floods impacting numerous districts and regions along the East Coast.</p>
