Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.

Simplified procedure for simultaneous IPO listing in Malaysia and Hong Kong takes effect

The co-pilot of a flight from Dubai to Tel Aviv is believed to have stabbed the captain in a possible attempted "terror attack" on Wednesday, forcing the plane to divert to Saudi Arabia where it landed safely, three Israeli officials said.

Passengers overcame co-pilot who tried to crash flydubai flight, Netanyahu says 

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

FTC opens probe into AI giants including Anthropic and OpenAI — Reuters

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

Wall Street climbs as cooling inflation tempers Fed rate-hike concerns

“At the pleasure of the King” — what if the King is displeased?
The phrase is not what it seems.
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Opinion: At the pleasure of the King

BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price.

BMW bets on cuts, new models and AI to revive its fortunes

The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade could remain a drag economic growth in the third quarter.

US goods trade deficit widens sharply in August

EP Manufacturing Bhd (KL:EPMB) has announced the resignation of its group chief executive officer Ahmad Razlan Mohamed, 50, with immediate effect.

EP Manufacturing group CEO Ahmad Razlan Mohamed resigns

Indian healthcare stocks eroded 248 billion rupees (RM10.55 billion) in market value on concerns that high-margin pharmacy revenue may come under threat after the top court questioned steep markups on lifesaving cancer drugs.

India hospital stocks erase US$2.6 bil as top court flags drug markup

ON Sept 18, His Majesty Sultan Ibrahim, the King of Malaysia, granted Datuk Seri Najib Razak a conditional pardon, allowing him to serve the remainder of his prison sentence for his SRC International conviction under house arrest until August 2028.&nbsp;

The one condition attached is pa...

Courts: Najib gets conditional pardon even as other big names get hauled to court

YTL Power International Bhd’s (KL:YTLPOWR) share price has risen by 72.7% year to date. The gains come as its data centre (DC) segment has begun reporting standalone earnings, while its water and sewerage segment has strengthened and power generation has shown signs of stabilisation. In addition,...

How much more upside for YTL Power?

Hengyuan Refining Company Bhd (KL:HENGYUAN) fell over 20% in morning trade on Wednesday, prompting a suspension in the intraday short selling of the stock.

Hengyuan drops sharply after recent rally, stock still up over 360% 

Two former employees of an investment bank pleaded not guilty at the Kuala Lumpur Sessions Court on Wednesday to charges of deceiving the bank in connection with the issuance of a standby letter of credit (SBLC) valued at US$16 million (RM65 million)&nbsp;three years ago.

Two ex-investment bank employees charged over US$16m standby-letter-of-credit fraud

Micro, small and medium enterprises (MSMEs) will be temporarily exempted from any new minimum wage increase, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong said on Wednesday.

MSMEs temporarily exempted from new minimum wage hike, says minister

VS Industry Bhd (KL:VS) hit a six-month high on Wednesday after the electronic manufacturing services provider reported a narrower-than-expected quarterly loss.

VS Industry hits six-month high after smaller 4Q and full-year loss surprise

KUALA LUMPUR (Sept 30): KIP Real Estate Investment Trust (KL:KIPREIT) acquired its 20th property with the completion of its RM435 million acquisition of Setapak Central Mall, which delivers an attractive yield of 7.2%.&nbsp;

KIP REIT adds 20th property with RM435m Setapak Central Mall purchase, eyes 7.2% yield

Singapore’s sovereign wealth fund GIC Pte Ltd has acquired 16 hotels in Japan operated by Marriott International Inc for about ¥125 billion (US$800 million or RM3.25 billion), according to people familiar with the matter.

Singapore's GIC acquires 16 Marriott-run hotels in Japan amid tourism boom — Bloomberg

Digital wealth platform Cashku announced a distribution partnership with Kenanga Investors Bhd (KIB) to offer investors selected funds with no sales charge and a minimum investment amount of RM10.

Cashku teams up with Kenanga Investors to offer funds from RM10 with no sales charge

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.

Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

The High Court has allowed Prime Minister Datuk Seri Anwar Ibrahim's application for determination of preliminary issues before the commencement of a sexual assault civil case brought against him by his former aide Muhammed Yusoff Rawther.

Anwar’s pre-trial bid allowed in Yusoff Rawther sexual assault suit, but evidence must be orally given

Malaysia's durian industry ought to be one of the country's great economic success stories.

Chinese demand soared. Musang King became an internationally recognised premium product. Investors planted orchards across the country. In 2024, Malaysia secured long-awaited approval to export f...

Opinion: Malaysia's durian glut and the politics of the delivery gap

Petroliam Nasional Bhd (PETRONAS) is exploring ways to make its advanced sustainable fuel (ASF) more economical while maintaining its performance, as development continues alongside changes to Formula One's (F1) power unit regulations.

PETRONAS exploring ways to produce cheaper advanced fuel, says downstream CEO

Genneva&nbsp;Sdn Bhd, the company behind a massive gold investment scam, has been wound up by the High Court here, which could see victims recouping their losses.&nbsp;

High Court dissolves Genneva, paving way for victims to settle claims

UK Prime Minister Andy Burnham said on Wednesday Britain should consider options for its future relationship with the European Union (EU), including rejoining the bloc, doubling down on his message that Brexit had "done more harm than good".

Burnham says UK should weigh post-Brexit EU options, including rejoining

Singapore and Kuala Lumpur are choking under severe haze spewing from wildfires in neighbouring Indonesia, with air quality deteriorating dramatically ahead of major sporting events.

Singapore, Malaysia cloaked in haze before key sports events

MILWAUKEE (Sept 29): US Trade Representative Jamieson Greer said on Tuesday that the Trump administration will take into consideration tariff caps negotiated in trade deals with countries as it weighs potential new duties in an investigation on excess industrial capacity.

US trade chief to consider trade deal tariff caps in excess capacity probe

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.

Batu Kawan’s takeover of MKH crosses 95%

IOI Properties Group Bhd (KL:IOIPG) and Marriott International Inc have expanded their strategic relationship with the signing of a portfolio deal for four new hotels in Malaysia.

IOI Properties expands hospitality pipeline with four new Marriott hotels totalling 888 rooms

Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses while its top line declined on lower subscription revenue.

Forex losses, lower subscription revenue pull Astro into the red

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

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

The Edge Financial Daily

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌