<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 5): Managepay Systems Bhd has received conditional approval from the Ministry of Local Government Development to operate as an online money lender.</p></div>

<div class=newsTextDataWrapInner><p>The conditional approval was given in response to an application on Aug 30 last year by the group’s wholly-owned unit, ManagePay Resources Sdn Bhd, for an online money lending licence. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The approval given on Thursday (Jan 5) was subject to conditions being fulfilled by the unit within six months from Jan 9 till July 8, the group said in a bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Managepay said the conditional approval would not have any material effect on its earnings and net assets for the financial year ending Dec 31, 2023.</p></div>

<div class=newsTextDataWrapInner><p>The group first launched into the money lending business in April 2018.</p></div>

<div class=newsTextDataWrapInner><p>On Thursday, Managepay shares closed unchanged at 11.5 sen, bringing the group a market capitalisation of RM94.93 million.</p></div>


Managepay Systems Bhd has received conditional approval from the Ministry of Local Government Development to operate as an online money lender.

The conditional approval was given in response to an application on Aug 30 last year by the group’s wholly-owned unit, ManagePay Resources Sdn Bhd, for an online money lending licence.

Managepay gets conditional approval to operate as online money lender

WASHINGTON (May 15): A major renewable developer blasted a push by some US solar manufacturers for new tariffs on imported photovoltaic (PV) cells from Southeast Asia, calling it a bid to protect their own profits at the expense of clean energy deployment.

US power developer warns new trade probe imperils solar push

Sarawak is planning to develop a new international airport in Kuching, announced Premier Tan Sri Abang Johari Tun Openg.

He said the new airport is crucial to support the growing aviation industry in Sarawak, especially with the takeover of MASwings Sdn Bhd by the state.

Abang Jo announces plans for new international airport in Kuching

Malaysia Airports Holdings Bhd (KL:AIRPORT) confirmed that it had received a takeover offer from a consortium led by its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF), in a deal worth over RM12 billion.

MAHB confirms getting privatisation offer from consortium led by Khazanah, EPF at RM11 per share

Pharmaceutical company Apex Healthcare Bhd (KL:AHEALTH) reported a 12.7% decline in first quarter net profit primarily due to an absence of profit contribution from its associate Straits Apex Group Sdn Bhd (SAG).

Apex Healthcare reports 12.7% decline in 1Q net profit amid absence of contribution from associate

The World Press Freedom Index 2024 report published by Reporters Without Borders (RSF) recently is based on feedback from respondents who have filled out a number of documents or surveys, said Communications Minister Fahmi Fadzil.

RSF World Press Freedom Index based on feedback from respondents — Fahmi

Malaysia and Singapore’s strength in sustainability should be utilised to pioneer regional benchmarks to drive essential changes across Southeast Asia.

Asian Strategy & Leadership Institute (ASLI) analyst Anas Hayyan believes that Malaysian Prime Minister Datuk Seri Anwar Ibrahim and the incoming Singapore Prime Minister Lawrence Wong can kick start the sustainability agenda by establishing and championing environmental, social and governance (ESG) standards within Asean, riding on great initiatives being considered by both countries.

Anwar-Wong can lead regional ESG standards within Southeast Asia — analyst

While the tariff hike for Chinese-made gloves in the US presents an opportunity for Malaysian exporters to capture a larger share of the US market, the benefits are not expected to be immediate, as the import tariff hike only comes in 2026, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

US tariff hike for Chinese gloves bodes well for M'sian glove makers, but no immediate gains — Margma

Arush Sehgal and Acaena Amoros Romero saw their life savings disappear, all at once, into the vortex of FTX’s fraud-fuelled collapse.

Then the crypto market staged a stunning surge back from the depths of the 2022 crash. Over the next year and a half, Bitcoin climbed so much, in fact, that by their count what they had entrusted to FTX — if it weren’t tied up in bankruptcy court — would have swelled to at least US$4 million (RM18.88 million).

FTX investors will be paid back in full with interest but they're mad at missing crypto rally

NCT Group of Companies will develop a 127-acre piece of  commercial and industrial land into an industrial park at Delapan Special Border Economic Zone (SBEZ) in Bukit Kayu Hitam, Kedah after signing a joint development agreement (JDA) with Northern Gateway Group of Companies, a wholly-owned subsidiary of Ministry of Finance Inc, according to a press statement on May 15.

“We are pleased to forge this partnership with Northern Gateway, marking a monumental leap forward for NCT Group as we apply our extensive experience from the NCT Smart Industrial Park (NSIP) development in Selangor to the Delapan project in Kedah,” NCT Group founder and group managing director Datuk Seri Yap Ngan Choy said in the statement.

NCT Group inks JDA to develop 127-acre commercial and industrial land at Delapan SBEZ in Kedah

KUALA LUMPUR (May 15): Three foreign men believed to be linked to an Israeli man charged with trafficking in firearms, have been deported to their countries of origin.

Three foreign men linked to Israeli man deported, says KL police chief

<p>Malaysian rubber glove manufacturers, which have suffered from lower average selling prices caused by intensive competition, may be able to export more to the US as its president Joe Biden raises the tariffs on rubber medical and surgical gloves from 7.5% to 25% in 2026, among others.&nbsp;</p>


US tariff hike on Chinese products may augur well for Malaysian glovemakers 

<p>Shares of Malaysian glove manufacturers surged on Wednesday after the US announced a slew of major tariff hikes on a wide range of Chinese imports including medical and surgical gloves. Tariffs on rubber medical and surgical gloves will jump to 25% from 7.5% in 2026.</p>


Top Glove surges 20%, other glove stocks also soar on higher US tariffs on Chinese gloves

<p>KUALA LUMPUR (May 15): The Employees Provident Fund (EPF) and Khazanah Nasional Bhd will form a consortium to take Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) private, according to sources.</p>


EPF, Khazanah to take MAHB private together with Abu Dhabi, GIP — sources

<p>Malaysia Airports Holdings Bhd (KL:AIRPORT) confirmed that it had received a takeover offer from a consortium led by its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF), in a deal worth over RM12 billion.</p>


<p>Trading in the securities of Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, whose share price rose to a high of RM10.44 on Monday (May 13), was suspended from 9am to 5pm on Wednesday pending a material announcement.</p>


Trading in MAHB securities halted, announcement may be on privatisation

<p>GIIB Holdings Bhd's (KL:GIIB) former chief executive officer Tai Boon Wee claimed trial to one count of forgery for passing off the rubber compound manufacturer's 2023 interim third quarter financial report as genuine.</p>


GIIB's ex-CEO Tai Boon Wee charged with forgery

<p>Shares of Malaysia’s technology companies rose on Wednesday to a 15-month high following the US’ plan to double the tariffs on semiconductors from China while analysts flagged that further trade diversion will benefit the sector.</p>


Malaysia's tech stocks rise to 15-month high amid higher US tariffs on China

<p>Logistic services company Sin-Kung Logistics Bhd (KL:SINKUNG) ended its first day of listing on Wednesday with 7.7% gain after opening flat on its ACE Market debut.</p>

<p>The stock climbed as much as 19% to 15.5 sen from its initial public offering (IPO) price of 13 sen per share before closing at 14 sen after 394.07 million shares changed hands on Bursa Malaysia. At the closing price, Sin-Kung was valued at RM168 million based on an enlarged share capital of 1.2 billion shares.</p>


Sin-Kung ends up 7.7% after opening flat on ACE Market debut

<p>AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest banking group by assets, is expected to report a 9.8% growth in net profit when it releases its fourth-quarter results this month, RHB Investment Bank said.</p>


AMMB to report 7% full-year net profit growth, higher dividend — RHB IB

<p>KUALA LUMPUR (May 15): The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert on Tuesday, the commission said the following persons/entities were added to the list:</p>

<ul>
	<li>Potential clone entity — Aswa Advisory</li>
	<li>Potential clone enti...

SC adds three potential clones to Investor Alert List

<p>RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.</p>


AZRB is eyeing a technical breakout, says RHB Retail Research 

<p>Four years after the pandemic, work flexibility continues to be a hot topic among Malaysian talent. According to Randstad’s 2024 Workmonitor Research, one in two respondents said that their employers had reintroduced compulsory five-day office work policies.&nbsp;</p>


Employers want employees back in the office but employees want work flexibility

<p>Shares of Heineken Malaysia Bhd (KL:HEIM) rose to their highest in three months after the Dutch brewer's locally listed unit reported an 11% gain in first-quarter net profit.</p>


Heineken Malaysia rises to three-month high following 1Q results

<p>SINGAPORE/JAKARTA (May 15):&nbsp;In few countries is the transfer of power as meticulously planned as in Singapore, which has had just three prime ministers from the same party in nearly 60 years. But as Lawrence Wong becomes the fourth on Wednesday, the challenges facing the financial hub are growing.</p>


Singapore confronts rising risks as Lawrence Wong takes helm

<p>RHB Retail Research said Avaland Bhd (KL:AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level on Tuesday, on a surge in trading volume.</p>


Avaland set to propel upwards further, says RHB Retail Research 

<p>BEIJING/SINGAPORE (May 15): Chinese smartphone maker&nbsp;Xiaomi&nbsp;has become the country's eighth largest electric vehicle (EV) upstart after selling more than 7,000 units of its first model, the SU7 sedan, in April, according to industry data.</p>


Xiaomi becomes eighth largest EV upstart in China after successful SU7 launch

<p>Sin-Kung Logistics Bhd&nbsp;(KL: SINKUNG), which made a flat debut on the ACE Market of Bursa Malaysia on Wednesday, plans to double its warehouse capacity with&nbsp;a new Perak warehouse, catering to the&nbsp;electrical and electronics (E&amp;E) industry in the northern region of Peninsular Malaysia.</p>


Sin-Kung to see double capacity upon completion of new warehouse in Penang

<p>（吉隆坡15日讯）在美国宣布将中国橡胶医用和外科手套的关税税率从7.5%，提高至25%后，马来西亚手套股应声上涨。</p>


美国对中国手套加征关税 大马手套股应声涨

<p>Russian President Vladimir Putin is heading to China for the first foreign visit of his new term, underlining the vital importance of the relationship as Beijing faces growing US pressure to curtail support that’s helping Moscow continue its war in Ukraine.</p>


Putin visits Xi as US threatens China sanctions over ties

<p>NEW DELHI (May 15): India imported 285,829 tonnes of palm oil from Malaysia in April this year, accounting for 21.6% of the country's total vegetable oil imports for the month.</p>
