In today’s edition of Evening 5: 0:06 Fund with 24% returns bets on long-term stock rally for Malaysia — Bloomberg1:43 Sunway sells Sunway City Iskandar Puteri land to Equalbase for over RM380 mil3:10 Pertama Digital secures online ID onboarding services contract from MyDigital ID4:33 Newly listed UUE Holdings on active lookout for electricity projects in Singapore6:03 MNO selection for second 5G network to be done by year-end — Gobind

EVENING 5: Malaysia's stock rally seen extending

The plan to privatise Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) through a consortium approach is deemed the optimal strategy to safeguard the nation's airport infrastructure and ensure long-term sustainable growth, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Finance minister II defends consortium approach to privatising MAHB as 'optimal strategy'

Japanese companies delivered the biggest wage hikes in three decades this year, the nation's largest union said on Wednesday, prompted by labour shortages and an inflationary squeeze on household income.

Workers' monthly pay will rise 5.1% on average this fiscal year, according to a survey of companies conducted since March by union group Rengo, which has about seven million members.

Japanese firms deliver biggest pay hikes in 33 years, union survey shows

KUALA LUMPUR (July 3): The government is considering creating a unique model of Ombudsman Malaysia that combines the Public Complaints Bureau and the Enforcement Agency Integrity Commission (EAIC), the Dewan Rakyat was told on Wednesday.

Govt considers creating unique model of Ombudsman Malaysia

Shares in WCT Holdings Bhd (KL:WCT) jumped to their highest in nearly five years on Wednesday after Malton Bhd (KL:MALTON), a company related to WCT's largest shareholder Tan Sri Desmond Lim Siew Choon, bought a piece of land in Genting Highlands to build serviced apartments and luxury villas.

WCT surges to near five-year high after linked-company Malton buys Genting Highlands land

Chinese officials boarded and then seized a Taiwanese fishing boat operating near China's coast close to a Taiwan-controlled island late on Tuesday and took it to a Chinese port, Taiwan's Coast Guard said, in a further escalation of tensions.

Taiwan says China seizes fishing boat near its coast

The German government has blocked the sale of a gas turbine business owned by MAN Energy Solutions to a state-owned Chinese shipbuilding company over national security concerns, according to people familiar with the matter.

Germany blocks sale of gas turbine unit to Chinese shipbuilder

Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.

Singapore stocks jump to two-year high as DBS, OCBC hit records 

Minetech Resources Bhd (KL:MINETEC) has secured a contract to undertake the proposed upgrading and construction of an external road and drainage system for a subsidiary of Mah Sing Group Bhd (KL:MAHSING) in Mukim Batu, Kuala Lumpur, for RM16.10 million.

Minetech secures RM16.1m contract for KL road, drainage upgrading work

The Pentagon has a problem: How does one of the world’s largest employers avoid doing business with companies that rely on China’s Huawei Technologies Co, the world’s largest telecommunications provider?

Pentagon has a Huawei dilemma the US Congress doesn’t want to solve

The High Court on Wednesday dismissed former prime minister Datuk Seri Najib Razak's bid to serve the remainder of his sentence under house arrest.

High Court tosses out Najib's bid to serve sentence under house arrest

Shares in WCT Holdings Bhd (KL:WCT) jumped to their highest in nearly five years on Wednesday after Malton Bhd (KL:MALTON), a company related to WCT's largest shareholder Tan Sri Desmond Lim Siew Choon, bought a piece of land in Genting Highlands to build serviced apartments and luxury villas.

Go Hub Capital Bhd (KL:GOHUB) surged 128.57% in its trading debut on Wednesday after the information technology (IT) services provider’s initial public offering (IPO) on the ACE Market raised RM37.5 million.

Go Hub surges 171% to 95 sen on first day of listing on ACE Market

KUALA LUMPUR (July 3): ViTrox Corp Bhd (KL:VITROX) will grapple with the challenging industry outlook, even as profits may improve in the second quarter of 2024, Maybank Investment Bank (Maybank IB) flagged and told investors to now sell the stock.

Vitrox faces tough outlook, Maybank IB cuts to sell

National carmaker Proton Holdings Bhd said on Wednesday its car sales fell 23% in June from a year earlier, largely due to a planned plant shutdown that dragged on deliveries.

Proton's car sales down 23% in June as plant shutdown drags

Kenanga Research has maintained its “overweight” rating on the technology sector and said that following six consecutive months of year-on-year (y-o-y) growth in semiconductor sales (November 2023 to April 2024), Malaysian players — which are mostly at the back end — are beginning to feel the positive impact.

Kenanga stays 'overweight' on technology sector, sees improving order visibility

Hong Leong Investment Bank (HLIB) has advocated investors buy Velesto Energy Bhd (KL:VELESTO) on weakness, in anticipation of strong earnings in the coming quarters amid persistent jack-up (JU) rig crunch in Southeast Asia.

HLIB tells investors to buy Velesto on weakness

Mah Sing Group Bhd (KL:MAHSING) is acquiring land in Taman Desa, Kuala Lumpur for RM108 million which will be developed into serviced apartments and residential projects. &nbsp;

The planned development is estimated to have a gross development value of RM1.01 billion.

Mah Sing plans RM1b project on Taman Desa land it buys for RM108 mil

Indonesian billionaire Anthoni Salim’s holding company Tamaris Infrastructure is in advanced talks with Malayan Banking Bhd (Maybank) and Natixis SA for a US$300 million (RM1.42 billion) loan, according to people familiar with the matter.

Billionaire Salim’s unit is in talks for US$300 mil bank loan

Malaysia Rail Link Sdn Bhd (MRL), the project owner of the RM50 billion East Coast Rail Link (ECRL), will form an operating company with the main contractor, China Communications Construction Co Ltd (CCCC), to manage the train services.

Malaysia Rail Link to form operating company with China's CCCC to manage ECRL — Loke

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four potential clones to Investor Alert List

Inari Amertron Bhd (KL:INARI) topped the list with the highest net short position with 54.72 million shares shorted as of July 2, according to data from Bursa Malaysia.&nbsp;

Analysts and fund managers contacted by The Edge attributed Inari’s net short positions to hedging, arbitrage by sophisticated traders and profit-seeking activities.

Inari Amertron tops Bursa Malaysia's shorted shares list 

Mobile network operators (MNOs) will not be allowed to hold equity in both entities under the 5G dual wholesale network model, said Deputy Communications Minister Teo Nie Ching.

Mobile network operators prohibited from holding equity in both 5G networks, says Teo

KUALA LUMPUR (July 3): Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes, according to the World Gold Council (WGC) in its Gold Mid-Year Outlook 2024 report.

Gold appears to be waiting for a catalyst, says World Gold Council

KUALA LUMPUR (July 3): Former attorney general (AG) Tan Sri Tommy Thomas'&nbsp;application to strike out Tan Sri Shahrir Abdul Samad's malicious prosecution suit against him and three others has been dismissed.

Tommy Thomas loses bid to strike out Shahrir Samad's malicious prosecution suit

Malaysia's government bond supply may slow in the second half and be on track to fall for the full year of 2024 amid smaller deficit financing requirements and strong investor demand, analysts said.

Malaysia govt bonds supply may slow in second half of 2024

After seven long years in court, the family of the late Tan Sri Dr Jamaludin Jarjis have come to an amicable settlement over matrimonial property worth RM2.1 billion.&nbsp;

The case was filed in 2018 by Jamaludin’s widow, Puan Seri Dr Kalsom Ismail, against her four children and 90-year-old mother-in-law, for the various properties.&nbsp;

Family of Jamaludin Jarjis reach settlement in RM2.1b asset dispute case

KUALA LUMPUR (July 3): RHB Retail Research said Sin-Kung Logistics Bhd (KL: SINKUNG) is attempting to stage a bullish breakout, testing the immediate resistance.

In a trading stocks note today, the research house said that the counter has been consolidating sideways beneath the 17 sen r...

Sin-Kung attempting to stage a bullish breakout, says RHB Retail Research 

theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Three stocks showed positive momentum, while six stocks showed negative momentum.

Techbond, Techbase, WCT, K-One, Protasco, Mycron, Yong Tai, Salcon, Jasa Kita

PLUS Malaysia Bhd and Petronas Dagangan Bhd (KL:PETDAG) are collaborating to develop the country's first commercial hybrid stations along national highways, with the Klang Valley identified as the pilot location.

PLUS, PetDag ink MOU to develop hybrid stations along highways

KUALA LUMPUR (Mar 23): Putrajaya is seeking RM2.22 billion in additional expenditure in government expenses, five months after Prime Minister Datuk Seri Najib Razak unveiled the 2015 budget last October.

Deputy finance minister Datuk Chua Tee Yong tabled the Supplementary Supply Bill 20...

Malaysia federal govt seeks RM2.2 billion in supplementary budget

PETALING JAYA (Mar 24): Police have obtained a two-day remand for 25 people who had taken part in an anti-GST protest at the Customs headquarters in Kelana Jaya yesterday, said a lawyer representing them.

Thoo Suet Mei said police were planning to apply for remand orders for more people...

25 anti-Malaysia GST protesters remanded

KUALA LUMPUR (Feb 1): Parts of Hulu Langat, Selangor, have been experiencing water supply disruption since yesterday after the Cheras 11th Mile water treatment plant was temporarily shut down due to pollution in Sungai Langat.

Syarikat Bekalan Air Selangor (Syabas) said the situation wa...

Contamination in Sungai Langat causes water supply disruption

KUALA LUMPUR (Jan 31): Pump prices for fuel will drop further for February between 10 sen per litre and 25 sen per litre, the Malaysian Petronas Petrol Station Operators Association said tonight.

The price of RON95 will be reduced by 10 sen to RM1.75 per litre, while RON97 fuel wil...

RON95 down to RM1.75, diesel to RM1.35 from midnight

KUALA LUMPUR (Feb 1): The Swiss attorney-general should not have made public his request for Malaysia’s help with its investigations into 1Malaysia Development Bhd (1MDB), said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said such details should have been kept private bet...

Swiss should not have disclosed 1MDB probe, says Malaysia DPM Zahid

Swiss should not have disclosed 1MDB probe, says Zahid

This article first appeared in The Edge Financial Daily, on January 28, 2016.

Those unhappy with decision on Najib can seek Federal Court interpretation, says AG

PENANG (Jan 23): Pakatan Harapan members of parliament will vote against the Trans-Pacific Partnership Agreement (TPPA) at a special Dewan Rakyat sitting to debate the matter next Tuesday and Wednesday.

DAP secretary-general Lim Guan Eng said it has been decided that all MPs from DAP, P...

Pakatan Harapan MPs will vote against TPPA, says Guan Eng

KUANTAN (Jan 25): Loss of income from the moratorium on bauxite mining in Kuantan and the irreversible effects of pollution on the land are just some of the problems facing Felda oil palm settlers now.

The short-term windfall after opening their land to miners has come to a halt with th...

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