Vietnamese tycoon Truong My Lan has lost her appeal against the death sentence handed down in April for masterminding the country’s largest-ever fraud scandal.

Vietnamese tycoon loses death penalty appeal over fraud scandal

SEPANG (Dec 3): AirAsia has launched 27,000 fixed fare tickets for travel from Peninsular Malaysia to Sabah and Sarawak in conjunction with the upcoming Chinese New Year festivities.

AirAsia group chief commercial officer Paul Caroll announced that the all-in fare for flights from Kuala...

AirAsia offers 27,000 fixed fare seats for travel from Peninsular Malaysia to Sabah, Sarawak during CNY

Mah Sing Group Bhd (KL:MAHSING) is acquiring 59.12 acres (23.93 hectares) of prime land in the Pulai district of Johor Bahru for RM62.98 million, which will be developed into super-linked homes with an estimated gross development value (GDV) of RM463 million.

Mah Sing buys Johor Bahru land for township project with GDV of RM463 mil

Prime Minister Datuk Seri Anwar Ibrahim has expressed his utmost gratitude to all segments of the government machinery, including 80,000 civil servants, who are on the ground assisting flood victims across the country.

Anwar expresses gratitude to civil servants, private sector, NGOs for helping flood victims

Notable filings

During the week of Nov 11 to 15, notable changes in the shareholding of companies listed on Bursa Malaysia included those at Genetec Technology Bhd (KL:GENETEC).

The Employees Provident Fund (EPF) ceased to be a substantial shareholder of the...

Insider Moves: Genetec Technology Bhd, Cape EMS Bhd, Paos Holdings Bhd, Vestland Bhd, AMMB Holdings Bhd, DRB-Hicom Bhd   

THE debate over whether Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) should be privatised is practically over. On Nov 15, the Malaysian Aviation Commission (Mavcom) gave the green light to the Khazanah Nasional Bhd-led consortium’s proposed RM10.3 billion takeover of MAHB, removing the regu...

Key issues Khazanah-led consortium will have to fix at MAHB post-privatisation

KUALA LUMPUR (Dec 3): Malaysia has approved RM489.5 billion in investments across the manufacturing, services, and other primary sectors over the past 18 months, said Deputy Minister of Investment, Trade, and Industry Liew Chin Tong.

Malaysia approves RM489.5b in investments over the past 18 months — Liew

theedgemalaysia.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. One stock showed positive momentum, while three stocks showed negative momentum.

Stocks with momentum on Dec 3, 2024: Salutica, Hextar Industries, Coraza, Silver Ridge

T7 Global Bhd (KL:T7GLOBAL) has proposed to undertake a bonus issue of up to 197.35 million warrants, on the basis of one warrant for every five shares held by shareholders.

T7 Global plans one-for-five bonus issue of warrants

The government is mulling over the recommendation from a study by the Japan International Cooperation Agency (JICA) to construct high embankments along the coastline to address flood woes nationwide.

Prime Minister Datuk Seri Anwar Ibrahim said that the recommendation, made around 20 years ago, could be pursued once the nationwide Flood Mitigation Plan (RTB) projects have been completed.

Govt mulling high embankments along coastline to address flood woes — Anwar

MMC Port Holdings Sdn Bhd, a member of MMC Group, recently appointed Datuk Azman Shah Mohd Yusof as its new chief executive officer, effective from Dec 1.

Azman Shah is MMC Ports CEO from Dec 1

(Dec&nbsp;3):&nbsp;The United States on Monday launched its third crackdown in three years on&nbsp;China's&nbsp;semiconductor&nbsp;industry, curbing exports to 140 companies, including chip equipment maker Naura Technology Group,&nbsp;among other moves.

Latest US clampdown on China's chips hits semiconductor toolmakers

(Dec&nbsp;3):&nbsp;The yen carry trade — an investment strategy that blew up in spectacular fashion this year — is regaining popularity.&nbsp;

Yen carry trade that rattled markets shows signs of a comeback

The earnings of companies involved in the solar photovoltaic (PV) sector may have yet to fully reflect the high valuations investors assigned to them, but analysts remain confident that the long-term prospects of the sector remain bright.

RE stocks’ prospects remain bright despite uninspired earnings, say analysts

KUALA LUMPUR (Dec 3): Kenanga Investment Bank and BIMB Securities have downgraded their ratings on the telecommunication (telco) sector to “neutral” from “overweight”, following the third quarterly results last week.

Analysts downgrade telcos amid revenue per user decline, dual network uncertainty

The Badminton Association of Malaysia (BAM) has confirmed that officers of the Malaysian Anti-Corruption Commission (MACC) visited its office last week to request certain information.

BAM confirms MACC visit to request 'certain information'

Former prime minister Datuk Seri Najib Razak on Tuesday disputed several testimonies by former Terengganu Investment Authority (TIA) directors Tan Sri Ismee Ismail and Datuk Shahrol Azral Ibrahim Halmi with regard&nbsp;to Sultan of Terengganu Sultan Mizan Zainal Abidin’s directive to stop the issuance of AmBank’s RM5 billion Islamic medium-term notes (IMTN) in 2009.

Najib disputes Ismee and Shahrol’s testimony on IMTN for TIA

KUALA LUMPUR (Dec 3): Former prime minister Datuk Seri Najib Razak told the court on Tuesday that he had "no knowledge" of fugitive businessman Low Taek Jho (Jho Low) acting on his behalf, and any such claims were utterly "baseless".

1MDB-Tanore: Najib distances himself from Jho Low, says never conveyed instructions, wishes through the fugitive businessman

Asian shares broadly rose to track Wall Street’s tech-led gains on Tuesday, with China a laggard, after the yuan fell to a one-year low against the dollar on concerns about a weak economy and heightened tensions with the US.

Asian stocks rise with US curbs on China in focus

KUALA LUMPUR (Dec 3): Sime Darby Property Bhd's (KL:SIMEPROP) earnings profile could significantly change in 2026-2027, when its data-centre projects’ rental earnings kick in, analysts said.&nbsp;

SimeProp earnings profile to leap by 2027 with data-centre push, analysts say

The Penang High Court on Tuesday&nbsp;ordered businessman Tan Sri Tan Kok Ping to pay RM400,000 in damages and costs to Chief Minister Chow Kon Yeow in a defamation suit.

Penang CM wins defamation suit against businessman Tan Kok Ping over state land sale remarks

(Dec&nbsp;3) : A rally in the world’s largest technology companies drove stocks to fresh all-time highs, with Wall Street traders bracing for a barrage of economic data and remarks from US Federal Reserve speakers that will help shape the outlook for interest rates.

US stocks kick off final month of 2024 at record high

Malaysia recorded over RM1.22 billion in losses from cybercrime from January to October 2024, according to Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia lost over RM1.22b to cybercrime from January to October 2024 — PM

Construction outfit Binastra Corp Bhd (KL:BNASTRA) on Tuesday said it had bagged a building contract worth RM327.74 million to build two blocks of a 58-storey serviced apartment for The Vividz @ Bukit Jalil project.

Binastra wins RM328m building contract for Bukit Jalil serviced apartment

(Dec&nbsp;3) :&nbsp;Three US Federal Reserve officials on Monday made clear that they expect the US central bank to continue cutting interest rates over the next year, but stopped short of saying they are committed to making the next reduction later this month.

Fed officials keep options open for December rate decision

Singapore authorities may need to add more “aggressive” real estate curbs down the road if they fail to tackle a homebuying frenzy by early next year, Barclays plc warned.

Singapore seen facing harsh property curbs if boom isn’t tackled

(Dec&nbsp;3) :&nbsp;French bonds and stocks came under renewed selling pressure after Marine Le Pen’s party said they would support a no-confidence vote in Prime Minister Michel Barnier’s government.

French assets under pressure as Le Pen backs no-confidence vote

The government will simplify financial cross-border approvals under its foreign exchange policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Govt to simplify cross-border approvals to enable efficient fund flows, says Amir Hamzah

Bank of Japan (BOJ) governor Kazuo Ueda has plenty of data to support the case for raising the benchmark rate in December, an outcome that would mark the first tightening of policy three times in a calendar year since the peak of Japan’s asset bubble in 1989.

BOJ weighs case for first triple hike since Japan’s bubble burst

KUALA LUMPUR (Dec 3): The United Kingdom will officially become a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Dec 15, marking the first-ever free-trade agreement (FTA) between the UK and Malaysia. &nbsp;&nbsp;

UK sees first free-trade agreement with Malaysia with its CPTPP entry

The Penang High Court on Tuesday ordered businessman Tan Sri Tan Kok Ping to pay RM400,000 in damages and costs to Chief Minister Chow Kon Yeow in a defamation suit.

The government will simplify financial cross-border approvals under its foreign exchange policy, enabling funds to flow efficiently based on their mandate size to ensure Malaysia remains competitive in attracting foreign venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

The Badminton Association of Malaysia (BAM) has confirmed that officers of the Malaysian Anti-Corruption Commission (MACC) visited its office last week to request certain information.

KUALA LUMPUR (Dec 3): The National Disaster Risk Reduction (DRR) Policy, the rise in unlicensed moneylending and financial fraud cases, and issues surrounding Kampung Bharu are among key topics in focus in Dewan Rakyat on Tuesday.

National Disaster Risk Reduction Policy, Kampung Bharu issue among highlights in Dewan Rakyat on Tuesday

The digital services tax (DST) recorded RM1.16 billion in collections from Jan 1 to Sept 30, 2024, while the low-value goods tax (LVGT) brought in RM300.7 million during the same period, the Ministry of Finance (MOF) said.

MOF: Digital services tax collection hit RM1.16b, low-value goods tax RM300.7m as of September

The Ministry of Entrepreneur and Cooperatives Development (Kuskop) is implementing 43 Tamu Desa (Village Market) Premises Development Programmes under Phase 2, namely 18 sites in Sabah and 25 in Sarawak.

Kuskop kicking in 43 Tamu Desa projects for Sabah, Sarawak by March — Ewon

The freezing of Bersatu’s bank accounts was conducted in accordance with the law and not arbitrarily, says Malaysian Anti-Corruption Commission (MACC) Legal and Prosecution Division director Datuk Wan Shaharuddin Wan Ladin.

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