<div class=newsTextDataWrapInner><p>JOHOR BAHRU (June 7): Special incentives to attract financial and banking institutions to the Special Financial Zone (SFZ) in Forest City will be finalised in August, said Johor Menteri Besar Datuk Onn Hafiz Ghazi.</p></div>

<div class=newsTextDataWrapInner><p>He said the matter was discussed during his meeting with Finance Minister II Datuk Seri Amir Hamzah Azizan in Putrajaya.</p></div>

<div class=newsTextDataWrapInner><p>"Overall, I am extremely pleased with the progress and efforts from all the parties involved.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"This commitment and collaboration show that we are serious about achieving progress for the country and Johor, in particular,” he posted on Facebook on Friday.</p></div>

<div class=newsTextDataWrapInner><p>In the post, he also thanked Prime Minister Datuk Seri Anwar Ibrahim for his significant support of Johor's application regarding the SFZ.</p></div>


Special incentives to attract financial and banking institutions to the Special Financial Zone (SFZ) in Forest City will be finalised in August, said Johor Menteri Besar Datuk Onn Hafiz Ghazi.

He said the matter was discussed during his meeting with Finance Minister II Datuk Seri Amir Hamzah Azizan in Putrajaya.

SFZ special incentives in Forest City to be finalised in August — Onn Hafiz

Brokers Digest: Local Equities - Plantation, Deleum Bhd, Kotra Industries Bhd, Duopharma Biotech Bhd

The CEO of a South Korean lithium battery manufacturer apologised on Tuesday following a massive factory fire that killed 23 workers, but said the company had complied with all required safety precautions and training.

South Korean battery maker apologises for deadly fire but says it complied with safety rules

Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) said it is actively pursuing 15 more foreign carriers to operate in the country over the next two years.

MAHB pursuing 15 more foreign carriers to operate in Malaysia

KUALA LUMPUR (June 25): theedgemalaysia.com highlighted six stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.

The stocks with negative momentum were:

MClean Technologies Bhd (KL:MCLEAN) — down half a sen to 40.5 sen

OCR Group Bhd (KL:OCR) ...

MClean, OCR, Tafi, Techbnd, Wong, YGL

KUALA LUMPUR (June 25): Selangor expects to achieve more than 60% successful market penetration from 150 companies that will participate in the business matching sessions at its Selangor International Halal Convention 2024 (Selhac 2024).

Selangor targets over 60% market penetration in upcoming international halal convention

THERE were several instances during the Sasana Symposium 2024 (SS2024) in Kuala Lumpur last week when hundreds of participants in the packed auditorium laughed or applauded. Many in the audience, after all, were people familiar with Malaysia’s fiscal position and political backdrop either as tech...

The State of the Nation: Making sure necessary reforms happen while there is still hope for better days

Notable filings

During the holiday-shortened trading week of June 4 to 7, notable shareholding changes at Bursa Malaysia-listed companies included those at AMMB Holdings Bhd (KL:AMBANK), which saw ANZ Funds Pty Ltd cease to be a shareholder. ANZ Funds is a wholly-owne...

Insider Moves: AMMB Holdings Bhd, Notion VTec Bhd, South Malaysia Industries Bhd, Hong Seng Consolidated Bhd, Kerjaya Prospek Group Bhd, Inta Bina Group Bhd 

(June 25): Bitcoin and Nvidia Corp just reminded avaricious investors that the market’s hottest trades are far from one-way bets.

The largest digital asset posted one of its steepest drops on Monday since the onset of the crypto-market recovery at the start of last year, leaving investo...

Bitcoin and Nvidia slumps jolt market’s get-rich-quick brigade

A US$15 million (RM70.61 million) penthouse was snapped up hours after it went on sale. More than 200 homes priced from nearly US$5 million were taken in less than a day. Apartments worth US$3.8 million were five times oversubscribed.

China’s rich spend millions on Shanghai property

Real-time dollar settlement in India’s newest financial hub in Gujarat is likely to become operational later this year or by early 2025, according to a senior official, a step that could burnish the country’s appeal to foreign investors.

India’s new finance hub in Gujarat eyes real-time dollar settlement by 2025

<p>Malaysia and Indonesia are expected to be the prime beneficiaries of rising demand for data centres due to artificial intelligence (AI) growth, according to CGS International.</p>


CGS says M'sia a prime beneficiary of data centre boom, names Gamuda, YTL, SunCon as top picks

<p>Nvidia Corp’s three-day, US$430 billion (RM2.02 trillion) sell-off has traders turning to technical analysis for clues on where the bottom may be.</p>

<p>The stock has fallen 13% since briefly overtaking Microsoft Corp&nbsp;last week as the world’s most valuable company. That’s pushed Nvidia shares into a technical correction — when a stock drops 10% or more from a recent peak — for the first time since April. The abrupt reversal has included some tell-tale signs of capitulation, according to Buff Dormeier, chief technical analyst at Kingsview Partners.</p>


Nvidia’s 13% stock rout has traders scouring charts for support

<p>KUALA LUMPUR (June 25): New York-based Global Infrastructure Partners (GIP) was chosen to participate in the exercise to privatise Malaysia Airports Holdings Bhd (MAHB)(KL:AIRPORT) due to its compliance with the stringent criteria set by Khazanah Nasional Bhd, said Prime Minister Datuk Seri Anwar Ibrahim on Tuesday.</p>


GIP chosen as partner in MAHB privatisation deal due to compliance with criteria, says Anwar

<p>The Court of Appeal (COA) on Tuesday struck out the appeal by Serba Dinamik Holdings Bhd&nbsp;(KL:SERBADK) and its three companies over them being wound up.</p>


COA strikes out winding-up appeal by Serba Dinamik and three others following withdrawal

<p>KUALA LUMPUR (June 25): Shares in Systech Bhd (KL:SYSTECH) rose to their highest in nearly six months, after the information technology services firm signed an agreement to develop and operate data centres.</p>


Systech shares rise to near six-month high on data centre news

<p>Kenanga Research has maintained its 'neutral'&nbsp;rating for the utilities sector, and said the sector offers earnings defensiveness backed by regulated assets.</p>


Utilities sector offers earnings defensiveness, says Kenanga Research

<p>CGS International has maintained its 'add'&nbsp;rating for Econpile Holdings Bhd (KL:ECONBHD) at 45.5 sen, with an unchanged target price of 61 sen based on a 0.5 times calendar year 2024 (CY2024) price/earnings-to-growth ratio,&nbsp;implying 19.1 times CY2025&nbsp;price-earnings (the pre-Covid mean of 2014 to 2018).</p>


Econpile a beneficiary of incoming infrastructure and data centre boom, says CGS International

<p>Investment analysts have raised their target prices (TPs) for property developer Mah Sing Group Bhd (KL:MAHSING) premised on its diversification into the data centre (DC) segment and continuing land bank replenishment efforts.</p>


RHB IB, MIDF Research raise target prices for Mah Sing on promising outlook

<p>Human rights non-governmental organisation (NGO) Lawyers for Liberty (LFL) has criticised the planned licensing and regulation of social media as an unlawful and authoritarian attempt to stifle online criticism of the government.</p>


Lawyers blast Putrajaya for planned licensing and regulation of social media

<p>Kenanga Investment Bank Bhd (KL:KENANGA) said on Tuesday it had received approval from Malaysia’s central bank to raise its stake by 15.2% in Merchantrade Asia Sdn Bhd, the country’s largest money services business operator.</p>


Kenanga IB gets nod to raise stake in Merchantrade to almost 20%

<p>An explanation for the sale of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) shares to Global Infrastructure Partners (GIP) will be among the highlights at the Dewan Rakyat sitting on Tuesday.</p>


Sale of MAHB shares among highlights at Tuesday's Dewan Rakyat sitting

<p>The Dow rallied on Monday to a one-month high, while the Nasdaq tumbled over 1% as investors rotated out of artificial intelligence (AI)-linked stocks and added some laggards to their portfolios, betting on Federal Reserve (Fed) interest rate cuts this year.</p>


Dow closes at one-month high as investors broaden portfolios

<p>The yen is at risk of sliding to levels last seen in 1986, with bearish traders unfazed by the spectre of government intervention to bolster Japan’s embattled currency.</p>


Forget 160, traders see yen slumping as far as 170 this time

<p>KUALA LUMPUR (June 25): Shares in Kronologi Asia Bhd (KL:KRONO) fell to their lowest in nearly four weeks, after the information technology services company reported a 43.43% year-on-year decline in net profit for the first quarter ended April 30, 2024 (1QFY2025).</p>


Kronologi Asia shares fall to near one-month low after 1Q results

<p>AirAsia has been named as the World’s Best Low-Cost Airline at the Skytrax World Airline Awards 2024, marking a win for the 15th consecutive year.</p>

<p>In a statement on Tuesday, Capital A Bhd (KL:CAPITALA) chief executive officer Tan Sri Tony Fernandes said Skytrax champions global standards for airline quality and excellence.</p>


AirAsia world’s best low-cost airline at Skytrax World Airline Awards 2024

<p>Malaysia’s consumer prices picked up and rose at a slightly faster-than-expected pace in May, largely driven by higher utility bills, though food inflation decelerated, official data on Tuesday showed.</p>


Consumer prices up 2% in May, faster than expected, official data show

<p>Apple Inc&nbsp;rejected overtures by Meta Platforms Inc&nbsp;to integrate the social networking company’s artificial intelligence (AI) chatbot into the iPhone months ago, according to people with knowledge of the matter.</p>


Apple spurned idea of iPhone AI partnership with Meta months ago — Bloomberg

<p>Prime Minister Datuk Seri Anwar Ibrahim highlighted that the failure to implement targeted subsidies is among the reasons that led to Malaysia's decline in the IMD’s World Competitiveness Rankings 2024.</p>


Failure to implement targeted subsidies among reasons impacting Malaysia's IMD competitiveness ranking — PM

<p>On Monday, Oversea-Chinese Banking Corp&nbsp;(OCBC) announced that it had received 0.31% of acceptances (or 1.48 million shares) from shareholders of Great Eastern Holdings, taking the banking group's total stake to 90.16%.</p>


Great Eastern may need to restore free float that is below 10%

<p>US fiscal deficits are projected to grow over the next decade, likely pushing the government to increasingly rely on Treasury bills and healthy demand to plug the holes.</p>
