SUBANG JAYA (July 22): Local software and identification document (ID) assurance solutions provider Innov8tif Solutions’ latest technology in authenticating IDs via smartphone cameras has receive an official patent in the US.

The patent (US 12026932.B2), issued on July 2, marks a signif...

Innov8tif patents technology for ID authentication via smartphone cameras

John Lim Ji Xiong never envisioned himself in a hard hat, trudging through construction sites daily to observe tunnelling works. For a mechanical engineer who started his career as Gamuda Bhd’s tunnel engineer supervising the MRT Putrajaya Line, the repetitive task of monitoring the painstaking p...

Cover Story: The digital builder

The challenges of maintaining optimal stock levels have plagued businesses across sectors like retail, food and beverage (F&B) and fast-moving consumer goods for some time. Factors such as seasonal demand fluctuations and the absence of real-time data for accurate forecasting often lead to un...

Supply Chain: Redefining business operations with automated inventory restocking system

Cryptocurrency investment and usage are growing, as digital currencies enable millions of people around the world to transact however and whenever they want — without middlemen – and take greater control of their finances.

Illicit cryptocurrency use expands to IP theft, drug trafficking and beyond

At the recent Semicon Southeast Asia 2024 conference in Kuala Lumpur, while launching the National Semiconductor Strategy (NSS), Prime Minister Datuk Seri Anwar Ibrahim made an ambitious remark about wanting the country to attract RM500 billion worth of semiconductor investments.

The lo...

Spotlight: Malaysia’s final push to support its semiconductor dreams

In 2021, Malaysia introduced its National Artificial Intelligence (AI) Roadmap 2021-2025, which outlined the government’s plan for developing the AI ecosystem. However, the AI landscape has evolved significantly with the advent of generative AI (GenAI), marked by the launch of ChatGPT by OpenAI i...

Special Report: Charting a cohesive national strategy for AI

Southeast Asia’s tech start-up scene may be seeing a boom, but the focus isn’t about churning out unicorns anymore. Instead, investors are now looking for deep-tech solutions. However, such start-ups will need a holistic ecosystem consisting of developed talent and cross-collaboration support for...

Connecting Ecosystems: Build blocks, not billionaires

Torrential downpours, often followed by flooding, have been a persistent headache for Malaysians. Such events cause significant property damage, leading to substantial personal losses.

“Flooding is a growing concern for everyone, especially with changes in the global climate causing wea...

Disaster Mitigation: Preparing for the worst

NEWS

Malaysians are aware of scams but lack resilience

Malaysians have a high degree of awareness of scams that are currently circulating, but many display low resilience in combating scams and remain at risk, CelcomDigi found in its Nat...

Bits + Bytes: A Miscellany of Technology

Truth can be elusive, but misinformation is a master of disguise. Often masquerading as partial truths or exploiting emotional triggers, misinformation can work its way into our feeds, manipulating clicks and potentially shaping reality in dangerous ways.

According to the World Economic...

Issues: Scrolling through smoke and mirrors

A workforce in a high-trust organisation is 13 times more likely to enable employees to believe that the company will reward efforts fairly in the future compared to a low-trust organisation, according to PwC Malaysia’s latest report in collaboration with the Asia School of Business (ASB).

Fostering workforce trust

Malaysia is at a crossroads in the face of accelerating digital transformation. The push to a fully digital economy could bring enormous economic gains. However, progress could be hindered by pronounced cybersecurity risks.

A growing digital ecosystem requires a robust defence mechanism...

Unprotected: Why Malaysia needs to prioritise certifying cybersecurity experts

In a world where screens reign supreme, the post-pandemic landscape has seen a resurgence of audio-only entertainment. As movie studios went silent during Covid-19, audio content thrived with minimal tools and small settings. Today, this timeless allure of sound is captivating audiences once...

Listicle: Amplifying the signal

In an era when technology seamlessly integrates into every facet of our lives, the vision of the future of transport, once dreamt in the mid-20th century, is becoming a reality. Landscapes are evolving, with the promise of enhanced connectivity, ease of travel and development of sprawling metropo...

Solutions: Tomorrow’s transport will rely on AI-driven cybersecurity’s success

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Treasuries rally as data points to a September rate cut

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce & Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.

Miami condo tower moves on from brokers facing rape allegations

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Deputy PM Fadillah pays courtesy visit to Vietnamese PM, strengthens bilateral cooperation

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Wall Street rebounds on tech recovery, small caps jump after benign inflation data

Malaysia has urged dialogue partners attending the Asean Post-Ministerial Conference in Laos to support a ceasefire in Gaza and end the brutal killings of Palestinians.

Foreign Minister Datuk Seri Mohamad Hasan said Malaysia, along with Indonesia and Brunei, brought forward this motion during the meeting at the National Convention Centre (NCC) here.

Malaysia urges Asean dialogue partners to support ceasefire in Gaza

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

US charges Citron's Andrew Left over alleged multi-million fraud scheme

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Malaysia steps up efforts to finalise South China Sea code of conduct

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

AirAsia X, Capital A, Hibiscus, Dagang NeXchange, ViTrox, Ekovest, Knusford, Alam Maritim, Datasonic, Kumpulan Kitacon, DXN, Homeritz, Westport, MGRC 

VIENTIANE (July 26): The Asean Post Ministerial Conference kicked off in the Laos capital here on Friday, as Asean foreign ministers engaged with top diplomats from dialogue partners to discuss various regional and international issues of common interest.

Asean Post Ministerial Conference kicks off in Laos; regional, global issues in focus

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR).

Ekovest agrees to six-month extension for merger discussion between subsidiary and Knusford

US prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve to begin cutting interest rates in September.

US inflation rises moderately, consumer spending cools

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The prestigious five-star Lexis Hibiscus 2 luxury resort is currently under construction by the KL Metro Group and is expected to be completed by 2029, said Negeri Sembilan Menteri Besar Datuk Seri Aminuddin Harun.

Construction of RM1.6 bil GDV Lexis Hibiscus 2 resort will be completed in 2029

Practice Note 17 (PN17) company Alam Maritim Resources Bhd (KL:ALAM) has announced its regularisation plan, which includes a share capital reduction of RM440 million, 10-to-one share consolidation, an issuance of renounceable rights shares with warrants and a scheme of arrangement with its creditors.

Alam Maritim submits regularisation plan to exit PN17 status

Health and wellness direct selling company DXN Holdings Bhd (KL:DXN) said on Friday its net profit rose 10.26% in the first quarter from a year earlier due to higher revenue recognised from overall operating segments.&nbsp;

DXN Holdings 1Q net profit up 10.26%, targets market presence in Zambia, Ghana  

Wall Street bounced back on Friday as megacap tech and chip stocks recovered from the week's pummeling, while a largely in-line key inflation reading kept bets for an early start to interest-rate cuts alive.

Upholstery furniture products manufacturer Homeritz Corp Bhd’s (KL:HOMERIZ) net profit surged 46.37% in the third quarter from a year earlier, thanks to higher sales volume and stronger US dollar. &nbsp;

Net profit for three months ended May 31, 2024 (3QFY2024) climbed to RM9.09 million or earnings per share of 1.96 sen, from RM6.21 million or 1.34 sen per share recorded in 3QFY2023. &nbsp;

Homeritz’s 3Q net profit soars 46.37% on higher sales and strong greenback

Cyberview Sdn Bhd has signed three Memoranda of Understanding (MOUs) with three companies to make Cyberjaya a global technology hub.

Chief executive officer Kamarul Ariffin Abdul Samad said the companies involved were Permodalan Negeri Selangor Bhd (PNSB), Selangor Information Technology &amp; Digital Economy Corporation (SIDEC) and digital infrastructure company Equinix Malaysia.

Cyberview signs three MOUs to make Cyberjaya a global technology hub

The developer of a supertall condo tower in Miami’s Brickell neighbourhood has hired a new sales team after ousting an embattled real estate brokerage from the project.

One Sotheby’s International Realty has taken over marketing at 888 Brickell Dolce &amp; Gabbana Miami, JDS Development’s pre-construction building overlooking Biscayne Bay in the city’s financial centre.&nbsp;

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Deputy Prime Minister Datuk Seri Fadillah Yusof paid a courtesy visit to Vietnamese Prime Minister Pham Minh Chinh on Friday.

"During the meeting with His Excellency, I reaffirmed the commitment of the prime minister and the Malaysian government to continue strengthening cooperation between Malaysia and Vietnam," he said in a post on the social media platform X.

Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

Treasuries are rising at the end of a volatile week as the Federal Reserve’s favourite inflation gauge cemented traders’ expectations for an interest-rate cut in September.

The advance pushed yields lower across the curve on Friday, with two- and 10-year yields down by about five basis points (bps) to 4.38% and 4.2%, respectively.

Penang Port Sdn Bhd (Penang Port) on Friday announced the acquisition of five Kalmar container handling machines to optimise operations and improve service levels.

Penang Port acquires Kalmar container handling equipment to enhance services

US authorities filed criminal and civil charges against prominent activist short seller Andrew Left for an alleged long-running market manipulation scheme involving bets on stocks including Nvidia and Tesla, they said on Friday.

Hungary will face fuel shortages from September if full Russian oil flows are not restored, a government official said on Friday, accusing Ukraine of blackmailing it by partially suspending supplies.

Eastern European Union (EU) members Slovakia and Hungary have been hit by a stop in flows from Russian group Lukoil coming via Ukraine after sanctions were imposed on the company.

Hungary says it will face fuel shortages from September without Lukoil supplies

Malaysia, as the country coordinator for Asean-China Dialogue Relations, will intensify efforts to finalise the Code of Conduct in the South China Sea, said Foreign Minister Datuk Seri Mohamad Hasan.

He said Malaysia, which assumed the role of country coordinator this year, aims to establish a code of conduct accepted by all parties.

Amkor Technology Inc is in line to receive US$400 million (RM1.87 billion) in US government grants and about US$200 million in loans for an advanced chip packaging project in Arizona, marking the latest award from a programme designed to boost American semiconductor manufacturing.

DigitalEdge

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