The government is compiling data on refugee communities nationwide through the Refugee Registration Document (DPP) programme under National Security Council (MKN) directive No 23, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Govt collecting data on refugees nationwide under MKN directive — DPM

Pakatan Harapan (PH) will implement a prudent campaign in the Melaka state election (PRN) by explaining the unity government's initiatives under the leadership of Prime Minister Datuk Seri Anwar Ibrahim to the rakyat.

PH to implement prudent campaign approach in Melaka state election — Saifuddin

(Oct 27): Commodity trader Mercuria Energy Group accused the Baltic Exchange of continuing to publish the world’s benchmark oil tanker rate, despite distortions caused by the Iran war, because it feared losing business to a competitor.

Lawyers for Mercuria kicked off a London trial clai...

Mercuria says rival fears drove disputed Baltic tanker rate

The S&P 500 and Nasdaq were set for their biggest one-day gain in more than a month on Monday as tech stocks advanced after Anthropic's IPO filing put artificial intelligence (AI) back in focus at the start of a week packed with corporate earnings and the Federal Reserve's interest-rate decision.

Wall St rises as Anthropic's IPO filing sharpens focus on AI trade

Brazilian stocks and the real currency posted historic losses on Monday after the surprise reelection of President Luiz Inacio Lula da Silva reversed recent market bets on a right-wing ascent to power.

Brazil stocks, real tumble as Lula win shifts investor focus

Malaysia will seek clarification from Myanmar over reports that hundreds of migrants recently returned to the country are being held in military detention, Foreign Minister Datuk Seri Mohamad Hasan said on Monday.

Malaysia to seek clarification over reports of detained Myanmar returnees

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

Matang, PIE Industrial, GDB, Pansar, Aneka Jaringan, Berjaya Property, Citaglobal, SSF Home, KKB Engineering, Econpile, Malton, West River & T7 Global 

Accelerating the Asean Power Grid requires strong government-to-government cooperation to manage each country’s priorities, said Tenaga Nasional Bhd (KL:TENAGA) president and chief executive officer Datuk Shamsul Ahmad.

G2G cooperation crucial to push Asean power grid, says Tenaga chief

Bitcoin retreated below US$80,000 (RM326,620) on as investors remained cautious while weathering big swings in tech earnings for clues on the outlook for the artificial intelligence (AI) trade.

Bitcoin dips back below US$80,000 while AI trade faces scrutiny

Wall Street strategists are warning that declines in shares of artificial intelligence (AI) cloud-computing providers will spill into other corners of the tech trade, potentially dragging the US stock market down to its June lows.

CoreWeave rout sends warning sign to rest of stock market

BUKIT MERTAJAM (Oct 26): The Magistrates' Court was told on Monday that the prosecution has rejected a representation by Umno Youth chief Datuk Dr Muhamad Akmal Saleh seeking to drop his charge of causing alarm to public safety through his social media account last year.

Prosecution rejects Akmal Saleh's representation to drop public alarm charge

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•&nbsp;&nbsp; &nbsp;IJM is likely to secure a RM500 million contract for the construction of a data centre for K2 Strategic Infrastructure ...

IJM said to have bagged K2 data centre construction job

Matang Bhd (KL:MATANG) has suspended its chief financial officer and acting chief operating officer Tan Theng Hwee pending an internal investigation into governance, operational and management conduct matters.

Matang suspends CFO, acting COO Tan Theng Hwee amid internal probe

GDB Holdings Bhd (KL:GDB) has secured its largest job to date, a RM1.02 billion construction contract for a luxury residential development in Desa ParkCity, Kuala Lumpur.

GDB lands biggest job to date with RM1.02 bil construction contract at Desa ParkCity

TODAY, Malaysia mourns the loss of Datuk Mahadev Shankar, one of its most distinguished jurists: a formidable advocate, an independent-minded judge and a man whose extraordinary intellect, integrity and commitment to public service left an indelible mark on the nation’s legal landscape.

Obituary: Mahadev Shankar: A life devoted to the law, justice and the nation

Tan Sri Tan Kean Soon, who was recently charged with cheating a businessman of more than RM10 million, has disposed of his entire direct stake of 74.18 million shares in T7 Global Bhd (KL:T7GLOBAL), with his wife, Puan Sri Shirley Law Siong Hiong, acquiring the same number of shares.

Tan Kean Soon sells 74.18 mil T7 Global shares to wife in RM8.53 mil deal

Lufthansa Airlines on Monday launched its non-stop service between Kuala Lumpur and Frankfurt, Germany, restoring a direct air link between the two cities after nearly a decade.

Lufthansa resumes KL-Frankfurt direct flight service after nearly a decade

The Malaysian Border Control and Protection Agency (AKPS) has developed hologram technology to be deployed at the satellite building of Kuala Lumpur International Airport (KLIA) Terminal 1, to&nbsp;assist&nbsp;travellers in obtaining information regarding arrival procedures in the country.

Border control agency introduces hologram at KLIA T1 to help travellers obtain arrival information

Datuk Ahmad Azman Abdul Manaf, a lifelong stockbroker and chief executive of SJ Securities Sdn Bhd, died over the weekend. He was 65.

Longtime CEO of SJ Securities Ahmad Azman Abdul Manaf dies

The Armed Forces Fund Board (LTAT) has sold a parcel of leasehold land in Ampang Hilir to the United States government for RM420 million through a tender process, Defence Minister Datuk Seri Mohamed Khaled Nordin told the Dewan Rakyat on Monday.

Khaled: LTAT sold Ampang Hilir leasehold land to US for RM420m

ACE Market-bound SKA Capital Bhd has secured six subcontracts worth a combined RM89.28 million for electrical infrastructure works related to projects Tenaga Nasional Bhd (TNB) (KL:TENAGA), ahead of its ACE Market listing on Nov 11.

ACE Market-bound SKA Capital bags six TNB-linked jobs worth RM89.3 mil

KUALA LUMPUR (Oct 26): The government on Monday pledged to publicly release a report by a special task force probing the “corporate mafia” allegations.&nbsp;

Govt pledges to make ‘corporate mafia’ task force report public

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•&nbsp;&nbsp; &nbsp;At least three bidders for Dongfeng’s distribution of EV cars in Malaysia

•&nbsp;&nbsp; &nbsp;Current distrib...

Dongfeng EV franchise draws three bidders, with local assembly a key consideration

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•&nbsp;&nbsp; &nbsp;The 20-storey former HSBC South Tower (Menara Pacific Palace) in Leboh Ampang was reportedly sold near its RM89 million...

Menara Pacific Place in Leboh Ampang sold, sources say

The US$50 billion (RM204 billion) investment announced by Prime Minister Datuk Seri Anwar Ibrahim recently includes strategic plans by a major international company to develop an artificial intelligence (AI) data centre in Tanjung Embang.

US$50 bil AI investment: Tanjung Embang identified as strategic location, says Abang Johari

Malayan Banking Bhd (KL:MAYBANK) has joined Singapore's DBS Bank and the World Bank Group's International Finance Corporation (IFC) to develop a financing framework for the US$6 billion (RM25 billion) Southern Johor Renewable Energy Corridor (SJREC).

Maybank, DBS, World Bank unit to develop financing framework for Ditrolic-led Johor-Singapore RE project

Palantir Technologies Inc has spent years selling governments and companies its data analytics. In South Korea, it’s also selling US$170&nbsp;(RM695) windbreakers&nbsp;— and they are flying off the shelves.

Palantir’s fast-selling US$170 windbreaker shows its Korea appeal

Malaysia is scheduled to receive its first two South Korean-made FA-50M Block 20 light combat aircraft this Friday, Oct 30, as part of a procurement of 18 such aircraft worth nearly RM4 billion.

Malaysia to get first two South Korean-made FA-50M aircraft on Friday — minister

Malaysian plastic packaging firms’ earnings may have peaked in the second quarter and will moderate as costs rise and demand growth slows, said an analyst.

Plastic packaging firms' earnings likely peaked in 2Q — Kenanga

THIS week will see two more companies debut on Bursa Malaysia’s ACE Market — health food and personal care products supplier NWE Resources Group Bhd on Wednesday, and railway technology and enterprise ICT (information and communications technology) solutions provider RedPlanet Bhd (KL:RPLANET) on...

IPO Watch: Health food-related NWE Resources and railway tech firm RedPlanet debut on ACE

I HAVE a running joke with my boyfriend about cell phone chargers in cars.

Everything we have driven in the past year has had USB ports — typically multiple of them — strewn about the interior, from the US$280,000 (RM1.13 million) McLaren 720S to the US$60-a-day Toyota Yaris we rented r...

Cars: Bentley’s US$244,600 Flying Spur harks back to an era of grandeur

This article first appeared in The Edge Financial Daily, on January 20, 2016.

 

KUALA LUMPUR: Palm oil prices are expected to rise between US$50 (RM218) and US$100 in the next five months due to shrinking stocks as consumption exceeds production, while growth in ...

‘Palm oil prices to rise US$50-US$100’ 

ITALY has chosen Neapolitan pizza as its candidate for protection under Unesco’s Intangible Cultural Heritage list, Italian media repor...

Italy offers Neapolitan pizza for Unesco heritage menu

THE awards season kicked off on Sunday in Los Angeles with the 72nd Golden Globes Awards. Here’s a look at some of Tinseltown’s fashion hits and misses at the event recognising the movie industry for its work.

Garb Galore

THE net overall impact of this year’s 28% plunge in oil prices is positive for the global economy. But it isn’t universal, and it comes with negative dimensions that need to be well understood, lest they end up reversing the benefits.

The good comes from the boost that lower oil prices ...

The good, the bad and the ugly

KUALA LUMPUR: The government’s efforts to narrow fiscal deficit to 3% of gross domestic product (GDP) next year could see a setback if crude oil prices remains below US$70 (RM240.80) per barrel, said the Ministry of Finance (MOF).

“The threshold level of the crude oil price that will ex...

Fiscal deficit target may be derailed

Dear Readers,

ON April 2, 2007 a US real estate investment trust that specialised in subprime mortgage, New Century Financial Corp, filed for bankruptcy — an event that was little noticed around the world.

A month later on May 22, The Edge Media Group, which by then had establ...

FD says goodbye after 13 years

SOLID Automotive Bhd (-ve)
SOLID Automotive Bhd (fundamental: 0.75/3, valuation: 0.9/3) made it into our Stocks with Momentum list yesterday for the eighth time this year.

Solid Automotive shares closed unchanged at 31.5 sen. Some 6.17 million shares were traded,...

Stock With Momentum: SOLID Automotive

Rubberex Corp (M) Bhd (+ve)
TRADING of shares in Rubberex Corp (M) Bhd (fundamental: 1.8/3, valuation: 0.6/3) triggered our momentum algorithm yesterday for the fourth time this month.

Rubberex shares closed up five sen or 4.63% at RM1.13. Some 27.47 million shar...

Stock With Momentum: Rubberex Corp (M)

Ho Wah Genting Bhd (+ve)
TRADING of shares in Ho Wah Genting Bhd (fundamental: 0.55/3, valuation: 0/3) triggered our momentum algorithm yesterday for the fourth time this year.

The company’s share price closed 2.33% or half a sen higher at 22 sen.

The Edge Financial Daily

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