In The Edge Malaysia this week — These are trying times for the banking industry, but Datuk Khairussaleh Ramli, group president and CEO of Maybank, says the country’s largest lender is in a strong position to ride out any turbulence. He speaks about its plan to grow organically under its M25+ corporate strategy that runs until end-2025. </div><div class=inPageAd id=div-gpt-ad-inpage>

EDGE WEEKLY: Maybank stays the course amid headwinds

THE proposed Urban Renewal Act (URA) will not just cater to the redevelopment of existing buildings as it will also encompass the redevelopment of abandoned projects, says Minister of Housing and Local Government Nga Kor Ming.

However, while the consent threshold for the redevelopment o...

Cover Story: URA will also address abandoned projects and historical sites 

After a period of strong growth from 2021 to 2022, officially recorded remittance flows to low- and middle-income countries (LMICs) moderated to an estimated US$656 billion (RM3.1 trillion) in 2023, said the World Bank.

Global remittances slowed in 2023, seen rising in 2024 — World Bank

IN the early years of the country’s formation, squatters and slums were part and parcel of urban living, as people from rural areas migrated to towns and cities in search of jobs.

As these settlements were not equipped with public utilities and proper facilities, over the years they bec...

Cover Story: The case for urban redevelopment

KUALA LUMPUR (June 27): One-stop food processing and packaging machinery solutions provider EPB Group Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Aug 23, has set its initial public offering (IPO) price at 56 sen, to raise RM40.08 million under the listing exercise.

ACE Market-bound EPB Group sets IPO price at 56 sen, to raise RM40m

Malaysia’s producer price index (PPI), which measures the price changes of goods at the producer level, increased by 1.4% year-on-year (y-o-y) in May 2024 from 1.9% in the previous month, said the Department of Statistics Malaysia (DOSM).

DOSM: Malaysia's producer price index up 1.4% in May 2024

CGS International and Hong Leong Investment Bank (HLIB) said IJM Corp Bhd’s (KL:IJM) recent contract win in the data centre space is strategically significant and could pave the way for many more.

CGS and HLIB maintain bullish outlook on IJM after 'crucial' maiden data centre job win

ALONG Jalan Tun Razak, on what is now an empty piece of land but for the Titiwangsa MRT station, once stood the imposing Pekeliling Flats public housing project — one of the earliest in Kuala Lumpur.

The flats were demolished several years ago to make way for luxury condominiums. A few ...

Cover Story: Urban Renewal Act: Finding a balance between progress and societal needs

Asia-Pacific dollar bond sales surged to a nine-month high this week, as companies and governments lock in historically tight spreads before they climb further.

Asian issuers sell billion of bonds in busiest week of year

KUALA LUMPUR (June 27): Notion VTec Bhd (KL:NOTION), in its clarification on a recent article, maintained that three main factors were the driving factors for recent rise in its share price: strong financial performance recovery, the sector's turnaround, and positive analyst outlook.

Notion VTec maintains share price surge due to financial and sector turnaround, analyst optimism

SpaceX will sell insider shares at US$112 (RM528.53) apiece in a tender offer, a higher-than-expected price that boosts the value of Elon Musk’s space and satellite company closer to US$210 billion, according to people familiar with the matter.

SpaceX tender offer said to value company at record US$210b

MIDF Research&nbsp;recommends&nbsp;accepting the privatisation offer of RM11 per share for Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), while maintaining its 'buy' call on Capital A Bhd (KL:CAPITALA), with a target price of RM1.06.

In a recent note, the research firm said MAHB is actively pursuing 15 additional foreign carriers to operate in the country within the next two years.&nbsp;

Accept MAHB privatisation offer, buy Capital A shares amid robust traffic growth, says MIDF

US-based global investment manager BlackRock, which has recently been in the spotlight due to the Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) privatisation deal, has total assets worth RM27.5 billion in Malaysia since its entry into the country in the 1990s, according to&nbsp;Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

BlackRock in Malaysia since the 90s, holds RM27.5b in assets here, says Zafrul

KUALA LUMPUR (June 27): Three counters linked to prominent investor Datuk Dr Yu Kuan Chon fell during Thursday’s early trade, following the Securities Commission (SC)’s statement on Wednesday that it has sued him for alleged market rigging and manipulation.

Three Dr Yu-linked counters fall following allegations of market rigging, manipulation

Investments by BlackRock and its affiliate companies in Malaysia will be among the highlights at the&nbsp;Dewan Rakyat sitting on Thursday.

According to the Order Paper published on Parliament's official website,&nbsp;the&nbsp;matter will be raised by Lim Guan Eng (Pakatan Harapan-Bagan) to Investment, Trade&nbsp;and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz&nbsp;during question time.

Details of BlackRock's investments in Malaysia in focus on Thursday

The Employees Provident Fund (EPF) had approved nearly RM7 billion in withdrawals from Account 3 (Account Flexible) as of June 10, according to the Ministry of Finance (MOF).

EPF approved nearly RM7b in Account 3 withdrawals as of June 10 — MOF

HEKTAR Real Estate Investment Trust (Hektar REIT) (KL:HEKTAR), which has several retail malls in its portfolio, could see the emergence of a new substantial unitholder.

According to sources, Hektar Black Sdn Bhd’s stake in Hektar REIT has seen interest from several suitors for a while n...

New substantial unitholder may emerge in Hektar REIT

The federal government has confirmed that telecommunications and digital conglomerate Axiata Group Bhd (KL:AXIATA) suffered losses from its venture in Nepal.

MOF confirms Axiata suffered losses in Nepal venture

The US Department of Justice (DOJ) said that it had reached an agreement, resolving two civil forfeiture cases, with fugitive Low Taek Jho (Jho Low), members of his family, and trust entities Jho Low established.

US recovers Monet painting, Paris apartment from Jho Low

HSBC Malaysia has launched a brand-new lifestyle credit card, the HSBC Live+ Credit Card, in partnership with Visa.

In a statement on Wednesday, the bank said the credit card is designed to elevate the lifestyle experience of internationally minded customers, tailored with cashbacks to benefit them from their lifestyle spending, which includes dining, shopping and entertainment.

HSBC Malaysia launches Live+ credit card with Visa

China became a world leader in electric vehicles (EVs) by showering companies with public cash. It’s a charge increasingly heard in the US and Europe, and a refrain that’s central to the escalating trade war.

China’s EV success story built on price wars, Tesla factor

INVESTORS who bet on the growth story of CCK Consolidated Holdings Bhd (KL:CCK) a year ago would have been quite handsomely rewarded as the share price of the integrated poultry and retail player has more than doubled on the back of its robust expansion plans.

The icing on the cake may ...

Market digesting Creador’s stake acquisition in CCK’s Indonesian unit 

The High Court here has rejected a judicial review application,&nbsp;brought by the Malaysian Bar,&nbsp;to challenge Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's discharge not amounting to acquittal (DNAA) in the Yayasan Akalbudi corruption case.

High Court dismisses Malaysian Bar’s bid to challenge Zahid’s discharge not amounting to acquittal in graft case

Shares in Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to their lowest in more than two months, after the furniture maker reported weaker-than-expected results for the second quarter ended April 30, 2024 (2QFY2024).

Poh Huat shares fall over two-month low after 2Q miss

KUALA LUMPUR (June 27): One-stop food processing and packaging machinery solutions provider EPB Group Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Aug 23, has set its initial public offering (IPO) price at 56 sen, to raise RM40.08 million under the listing exercise.

Rakuten Trade said SBH Marine Holdings Bhd (KL:SBH) may extend its upward trajectory, after it broke out from its 11-week&nbsp;U-shaped recovery pattern, with a second consecutive white candle to surpass the 30 sen resistance on Wednesday.

SBH may extend upward trajectory, says Rakuten Trade

STATE-controlled Perak Corp Bhd (KL:PRKCORP) seems to have lost significant parcels of land as a result of not paying nominal amounts&nbsp;in quit rent, documents viewed by The Edge indicate.

In October 2022, the Perak state government initiated moves to take over six parcels of land co...

 More intriguing issues emerge at Perak Corp  

Asian shares fell and bond yields spiked on nervousness about inflation on Thursday, while the yen's slide past 160-per-dollar had currency traders bracing for Japan to step in and steady it.

Asian stocks falter, yen slump keeps markets on intervention alert

RHB Investment Bank (RHB IB) has initiated coverage of Pentamaster Corp Bhd (KL:PENTA), with a 'buy'&nbsp;rating at RM4.93 and a target price (TP) of RM6.16, or a 25% upside with 0.4% yield for the financial year ending Dec 31, 2024 (FY2024).

RHB IB starts coverage of Pentamaster, target price at RM6.16

KUALA LUMPUR (June 27): Human rights non-governmental organisation (NGO) Lawyers for Liberty (LFL) said the larger issue of the constitutionality of Universiti Teknologi Mara (UiTM) being exclusively for the Bumiputera remains unresolved.

Issue of constitutionality of UiTM being exclusively for Bumiputeras remains unresolved, say lawyers

Lynas Rare Earths has earmarked A$25 million (RM78.6 million) in capital expenditure (capex) to facilitate Lynas Malaysia's first production of two separated Heavy Rare Earths (HRE) products by 2025.