<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 21):&nbsp;The Securities Commission Malaysia (SC) has updated its Investor Alert List to include 19 potential clone entities and eight unauthorised entities as of last Friday.</p></div>

<div class=newsTextDataWrapInner><p>In a post on X on Monday, the SC urged investors to be cautious of potential clone entities that may be impersonating legitimate firms.</p></div>

<div class=newsTextDataWrapInner><p>The regulator identified the potential clone entities as Maybank Investment, Maybank Syariah Telegram Group, HSBC Bank Investment 24, HSBC Bank Official, Pelaburan Syarikat HSBC Malaysia, Berjaya HSBC Investment Malaysia, Amanah Saham Nasional Bhd, and ASNB Investment Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The potential clone entities also include Tengku Idris FX, Bursa Malaysia Biz, iFast Capital 212, TH Plantations, Bursa Malaysia, Musaffa Investment, UOB Kay Hian, Southern Stock Broker, Artisan Partners, ATS-P, and Vettons Fintech Esos,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the SC noted eight unauthorised entities, including Sahabat Trader, MMCT Pro, Capital Insight Network, Deus Technology, L-Trader, Compassion Capital Managers, Dira Trader, and Secured Prime Trade.</p></div>

<div class=newsTextDataWrapInner><p>“For further details, investors may visit the SC’s official website at&nbsp;<a href="https://www.sc.com.my/investor-alert-list" target="_blank">https://www.sc.com.my/investor-alert-list</a>,” it added.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


The Securities Commission Malaysia (SC) has updated its Investor Alert List to include 19 potential clone entities and eight unauthorised entities as of last Friday.

In a post on X on Monday, the SC urged investors to be cautious of potential clone entities that may be impersonating legitimate firms.

SC adds 19 potential clone entities to Investor Alert List

China's Huawei plans to start mass-producing its most advanced artificial intelligence chip in the first quarter of 2025, even as it struggles to make enough chips due to US restrictions, said two people familiar with the matter.

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Asian equities fell on Thursday after AI darling Nvidia disappointed investors with slower revenue growth expectations, while the dollar firmed and bitcoin hit a record high, buoyed by hopes about US President-elect Donald Trump's policies.

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The extended six-year contract signed between the government and Bestinet Sdn Bhd for the Foreign Worker Centralised Management System (FWCMS) could cost the government a minimum of RM3.2 billion, according to a report by the Public Accounts Committee (PAC).

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The High Court here has ordered the Royal Malaysian Police (PDRM) to complete investigations on the death of Teoh Beng Hock within six months from Thursday.

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THE award of the second 5G network to U Mobile on Nov 1 has kicked up a storm. Four bids were submitted, from CelcomDigi, Maxis, U Mobile and TM. Maxis, for instance, once widely seen as the frontrunner, is seeking to talk to the Malaysian Communications and Multimedia Commission (MCMC) on what e...

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KUALA LUMPUR (Nov 21): Mah Sing Group Bhd (KL:MAHSING) has unveiled the sales gallery of its RM850-million M Aspira serviced-apartment project in Taman Desa, Kuala Lumpur on Wednesday (Nov 20).

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SINGAPORE/CHICAGO?CANBERRA (Nov 21): Wheat growers in several exporting countries are reluctant to sell their crops with prices near four-year lows, traders, farmers and millers say, leaving flour makers with dwindling supplies and vulnerable to any potential upswing in prices.

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Northern Solar Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.

The solar energy firm said its IPO scheduled to take place in February 2025, entails a public issue of 67.3 million new shares and the sale of 35.6 million existing shares.

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When discussing quantitative investments, names like Renaissance Technologies, Citadel and Millennium often dominate the conversation. However, this Western-centric view may overlook innovative developments closer to home, particularly in the realm of Islamic finance.

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<p>(Nov 21):&nbsp;Dyson Ltd&nbsp;is dialling back its hairdryer-related operations in Malaysia, according to people familiar with the matter who declined to be identified discussing matters that are private, as the consumer goods company seeks to streamline its business in the region.</p>


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<p>Gautam Adani, the billionaire chair of Indian conglomerate Adani Group and one of the world's richest people, has been indicted in New York over his role in a US$265 million (RM1.2 billion) bribery scheme, according to US prosecutors.</p>


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<p>KUALA LUMPUR (Nov 21): Malaysia’s central bank made two unusual changes to the government bond auction calendar by rescheduling a tender set for this month, and scrapping another pencilled in for December.</p>


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<p>KUALA LUMPUR (Nov 21): Shares of RCE Capital Bhd (KL:RCECAP) fell on Thursday after the company, which mainly provides financing to civil servants, reported weaker than expected quarterly results.</p>


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<p>The Biden administration told Congress it plans to cancel US$4.65 billion (RM20.8 billion) in debt owed by Ukraine, according to a letter obtained by <em>Bloomberg</em> News, the latest in a series of moves meant to bolster support for Kyiv before President-elect Donald Trump takes office.</p>


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<p>KUALA LUMPUR (Nov 21) : The National Union of Journalists Malaysia (NUJ) refutes claims by senior lawyer Tan Sri Muhammad Shafee Abdullah that the media unfairly covered the SRC International Sdn Bhd trial, involving former prime minister Datuk Seri Najib Razak.</p>


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<p>Starbucks Corp is exploring options for its Chinese operations including the possibility of selling a stake in the business, according to people with knowledge of the matter.</p>


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<p>Big tech edged lower in afterhours trading following a disappointing revenue forecast from Nvidia Corp.</p>


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<p>BERLIN/FRANKFURT (Nov 21):&nbsp;As Volkswagen&nbsp;and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data reviewed by <em>Reuters </em>show that the automaker spends a higher proportion of sales on labour costs than major rivals.</p>

...

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<p>Shares of Adani Group companies lost about US$22 billion (RM98.4 billion) in market value in early trade on Thursday after US prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme.</p>


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<p>Bitcoin hit US$95,000 (RM425,030) for the first time as the digital-asset sector moves to cement its influence with Donald Trump by pushing for a new White House post dedicated to cryptocurrency policy.</p>


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<h2><em>Billionaire chairman of conglomerate and seven other senior business executives indicted in connection with scheme to pay hundreds of millions of dollars in bribes and conceal bribery scheme from US investors</em></h2>

<p><em><time datetime="2024-11-20T12:00:00Z">Wednesday, November 20, 2...