<div class=newsTextDataWrapInner><p>(Feb 14): Jeff Bezos unloaded another 12 million Amazon.com Inc&nbsp;shares, bringing his total stock sold since last Wednesday to more than US$4 billion (RM19.14 billion).</p></div>

<div class=newsTextDataWrapInner><p>The sales took place last Friday and on Monday, and netted US$2.08 billion, according to a filing. He disposed of another 12 million shares last week.</p></div>

<div class=newsTextDataWrapInner><p>Amazon disclosed on Feb&nbsp;2 that Bezos plans to sell as many as 50 million shares of Amazon over the next 12 months. After this round, he’s almost halfway there.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Amazon co-founder announced he’s moving to Miami from the Seattle area, which means the Washington state could miss out on a tax windfall from any potential share sale. Washington recently introduced a capital gains tax, while Florida doesn’t have one.</p></div>


Jeff Bezos unloaded another 12 million Amazon.com Inc shares, bringing his total stock sold since last Wednesday to more than US$4 billion (RM19.14 billion).

Jeff Bezos unloads US$2.1b of shares in second Amazon sale

Petroliam Sarawak Bhd (Petros) will commence assuming Petroliam Nasional Bhd's (Petronas) role in all natural gas trading activities in Sarawak, effective July 1, said State Utility and Telecommunication Minister Datuk Seri Julaihi Narawi.

The minister said that the transition period for Petros to take over will be until January 2025.

Petros to assume control of Sarawak's natural gas trading activities effective July 1

MUMBAI (May 13): Asset quality of Indian banks' consumer loans has held up well so far, but an accumulation of "untested risks" due to rapid growth may challenge lenders' underwriting standards and risk controls, Fitch Ratings said on Monday.

"Fitch's assessment of Indian banks' risk pr...

Indian banks' underwriting standards at risk amid rapid consumer loan growth, Fitch says

BEIJING (May 11): New bank lending in China fell more than expected in April from the previous month while broad credit growth hit a record low, the central bank revealed on Saturday, raising the prospect of more action to support the economy.

Chinese banks extended 730 billion yua...

China new bank loans fall more than expected in April

The Malaysian Sustainable Palm Oil (MSPO), the new name for the Malaysian Palm Oil Certification Council, has been urged to focus on three matters to ensure that the council will be able to continue to provide added value to the nation’s palm oil industry.

MSPO must be dynamic, keep up with global priorities to add value to palm oil sector, says Johari Ghani

AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).

AME Elite sells land in Pulai to data centre operator for RM209.84 mil cash

(May 13): If financial markets are right, interest rates won't just stay high this year, but possibly forever.

The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral interest rate that balances the economy in the long ru...

The case for forever high interest rates

A building manager was fined RM1,000 by the magistrate's court here on Monday for cheating an individual by impersonating the Johor Police Chief in seeking the release of 11 prisoners for a payment of RM1,500 each last week.

Magistrate Atiqah Mohamed @ Mohamad Saim meted out the fine, in default a month in jail, on A. Ganasean, 51.

Building manager fined RM1,000 for impersonating Johor police chief

Dewan Negara president Senator Datuk Mutang Tagal was laid to rest at the Fairy Park Miri Memorial, 33 kilometres from here on Monday.

Mutang Tagal laid to rest at Fairy Park Miri Memorial

Senior South Korean and Chinese diplomats are set to hold their first talks in Beijing in some six years, with US policies on semiconductor exports and North Korea’s atomic ambitions likely to dominate the encounter.

Top Chinese, South Korean diplomats set for rare talks in Beijing

KUALA LUMPUR (May 13): Semiconductor support services firm Frontken Corp Bhd (KL:FRONTKN) said a fire broke out at one of its facilities on Sunday (May 12) at around 2.45pm.

Fire broke out at Frontken’s Kulim unit on Sunday; no injuries reported

<p>Al Rajhi Banking &amp; Investment Corporation (Malaysia) Bhd has named Mohd Syahrul Ishak as chief executive officer effective Monday.</p>


Al Rajhi Bank Malaysia names former CIMB exec Mohd Syahrul Ishak as CEO

<p>The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of ferrosilicon from Brazil, Kazakhstan, Malaysia, and Russia.</p>


US investigating sale of ferrosilicon from Malaysia, other countries

<p>Shares of AwanBiru Technology Bhd (KL:AWANTEC) surged 73% on Monday to their highest in nearly two months as trading resumed with a sharp spike in volume after the company shed its affected listed issuer status.</p>


Awantec surges 73% as trading resumes after shedding affected issuer status

<p>Shares of Mi Technovation Bhd (KL:MI) surged to their highest in more than two years after the semiconductor company reported an over four-fold jump in first-quarter net profit.</p>


Mi Technovation surges to over two-year high after 1Q net profit more than quadruples

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds five entities to Investor Alert List, three being potential clones

<p>Superpowers led by the US and European Union have funneled nearly US$81 billion (RM384.22 billion) towards cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.</p>


Global chips battle intensifies with US$81b subsidy surge

<p>RHB Investment Bank (RHB IB) Research said that based on the latest market capitalisation rankings of eligible stocks, Sunway Bhd (KL:SUNWAY) is ranked at 24 and will be eligible for inclusion into the list of component stocks of the FBM KLCI if the ranking remains at the cut-off date.</p>


Sunway will be eligible for inclusion as KLCI component stock at AMMB's expense, says RHB IB

<p>KUALA LUMPUR (May 13): Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) and its related companies extended their gains on Monday, as investors continued to bid up the stocks on news of buyout of Singapore’s Great Eastern Holdings Ltd.</p>


Sungei Bagan Rubber, related companies extend rally to near two-decade high

<p>Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah.</p>


Aurelius breaks ground for new manufacturing plant in Kulim

<p>KUALA LUMPUR (May 13): Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday.&nbsp;</p>


Eversendai gets UMA query as share price jumps to five-year high

<p>KUALA LUMPUR (May 13): Hong Leong Investment Bank (HLIB) Research has upgraded Press Metal Aluminium Holdings Bhd (KL:PMETAL) to “buy” at RM5.34, with a higher target price (TP) of RM6 (from RM4.65), and said that although aluminium demand has been somewhat dragged by the property slump in China ...

 HLIB: Press Metal set to achieve solid double-digit earnings growth in FY2024

<p>TA Securities has valued ACE Market-bound engineering solutions provider Kawan Renergy Bhd at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 55 sen.</p>


TA Securities values ACE Market-bound Kawan Renergy at 55 sen 

<p>RHB Retail Research said Careplus Group Bhd (KL:CAREPLS) is set for an uptrend reversal after rebounding above the 21-day simple moving average line while surpassing the 31.5 sen immediate resistance last Friday on stronger trading volume.</p>


Careplus set for uptrend reversal, says RHB Retail Research 

<p>AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to Hong Kong-based data centre operator Digital Hyperspace Malaysia Sdn Bhd (DHM).</p>


<p>Foreign buying of Malaysian equities extended for the third consecutive week, albeit at a slight moderation of 9.3% to RM961.1 million last week from RM1.06 billion the prior week.</p>


Foreign buying of local equities moderated to RM961m last week, says MIDF

<p>PUTRAJAYA (May 13): The Immigration Department&nbsp;and Home Ministry&nbsp;are exploring the implementation&nbsp;of a quick response (QR) code system&nbsp;at several main entry points of the country, to address congestion issues.</p>


Immigration Dept, Home Ministry exploring QR code system at country’s entry points

<p>KUALA LUMPUR (May 13): Trading of securities in AME Elite Consortium Bhd (KL:AME) has been suspended on Monday, ahead of a material announcement.&nbsp;</p>


Trading of securities in AME Elite suspended ahead of material announcement

<p>KOTA BHARU (May 13): The government welcomes&nbsp;airline companies&nbsp;to initiate international flight operations at Sultan Ismail Petra Airport (LTSIP), near Pengkalan Chepa, here.</p>


Loke: Govt welcomes airlines to launch international flights at Sultan Ismail Petra Airport in Kota Bharu

<p>Paramount Corp&nbsp;Bhd (KL:PARAMON) will continue to invest and grow its land bank&nbsp;in Malaysia to sustain its growth, while looking for opportunities to expand overseas.</p>


Paramount Corp aims to acquire more land to sustain growth

<p>KUALA LUMPUR (May 13): Malaysia’s central bank said on Monday that it has signed an agreement with its South Korean counterpart to extend a bilateral swap arrangement by another three years.</p>
