theedgemarkets

Tuesday 22 Apr 2025

21 May 2023, 08:00 am

TM One, delivering your NEXT advantage todayTM One’s commitment to delivering enterprises’ NEXT advantage was recently amplified with the launch of the TM One Sandbox, which aims to accelerate the digitalisation and automation of businesses, communities and the government.

By Branded / theedgemarkets.com

21 May 2023, 08:00 am

19 May 2023, 08:00 am (Updated)

Former Baling MP's appeal in defamation suit against Guan Eng set for MayFormer Baling Member of Parliament Datuk Seri Abdul Azeez Abdul Rahim's appeal in his defamation suit against DAP chairman Lim Guan Eng in relation to the Penang undersea tunnel project will now be heard on May 19, 2023.

By Tarani Palani / theedgemarkets.com

19 May 2023, 08:00 am (Updated)

12 May 2023, 08:00 am

GuocoLand names Noorbaizura as new MDGuocoLand (Malaysia) Bhd has appointed Noorbaizura Hermeyney as its new managing director (MD), succeeding Tan Wee Bee, effective May 18.

By Anis Hazim / theedgemarkets.com

12 May 2023, 08:00 am

Companies in the news

12 May 2023, 08:00 am

Hap Seng, Tomei, Hong Seng, Revenue Group, CSH Alliance, Ageson, Teladan Setia, SFP Tech and Kumpulan KitaconHere is a brief recap of some corporate announcements that made news on Friday (May 12) involving Hap Seng Consolidated Bhd, Tomei Consolidated Bhd, Hong Seng Consolidated Bhd, Revenue Group Bhd, CSH Alliance Bhd, Ageson Bhd, Teladan Setia Group Bhd, SFP Tech Holdings Bhd and Kumpulan Kitacon Bhd.

By Justin Lim / theedgemarkets.com

12 May 2023, 08:00 am

OCBC Bank: Malaysia 1Q GDP growth of 5.6% surprise on the upside but shows external weaknessThe gross domestic product (GDP) of 5.6% year-on-year (y-o-y) in the first quarter of 2023 (1Q2023) has delivered an upside surprise, however it shows weakness in the external sector, said OCBC Bank. OCBC senior Asean economist Lavanya Venkateswaran in a note on Friday (May 12), said the GDP growth came as a surprise on the upside (consensus and OCBC: 5.1%) against 7% in the fourth quarter of 2022 (4QFY2022).

By Anis Hazim / theedgemarkets.com

12 May 2023, 08:00 am

Stronger than expected 1Q2023 GDP, but global challenges abound clouding outlookWhile the Malaysian economy surprised on the upside in the first quarter of the year, economists believe that external headwinds and rising interest rates domestically will likely slow down growth in the coming quarters. The first quarter number, while outperformed economists' expectations, still could not mask the fact that the economic expansion is slowing down quarter on quarter, as rising interest rates and global economic challenges dragged both domestic and external demand

By Justin Lim / theedgemarkets.com

12 May 2023, 08:00 am

Hong Seng offloads digital biz stake to Revenue Group less than six months after acquiring itIn less than six months after acquiring a controlling 51% stake in Innov8tif Holdings Sdn Bhd in January to venture into the digital industry, Hong Seng Consolidated Bhd is offloading the stake to Revenue Group Bhd — citing its lack of experience in the digital business as the reason. The RM36 million disposal, announced via a bourse filing on Friday (May 12), came prior to Hong Seng's payment of the balance consideration of RM24.41 million for the stake. It has paid only RM3.36 million of the RM30.86 million price tag so far, of which RM3.35 million would be retained as security performance of Innov8tif Holdings's key management personnel.

By Hailey Chung / theedgemarkets.com

12 May 2023, 08:00 am

Teladan Setia’s 1Q profit falls 12%; aims to launch properties worth RM1.1 bil in GDVTeladan Setia Group Bhd’s net profit fell 12.28% to RM8.31 million for the first quarter ended March 31, 2023 (1QFY2023) from RM9.47 million in 1QFY2022, mainly due to higher administrative expenses.

By Syafiqah Salim / theedgemarkets.com

12 May 2023, 08:00 am

JC3 to review climate-related disclosures to ramp up financial institutions' response to climate change The Joint Committee on Climate Change (JC3) will review the Task Force on Climate-Related Financial Disclosures (TCFD) Application Guide for financial institutions to support enhanced sustainability and climate-related disclosures.

By Priyatharisiny Vasu / theedgemarkets.com

12 May 2023, 08:00 am

Kumpulan Kitacon secures RM101.5 mil construction job in SelangorKUALA LUMPUR (May 12): Kumpulan Kitacon Bhd has won an RM101.5 million contract for construction work pertaining to a residential development in Gombak, Selangor. The job won by its wholly-owned subsidiary Kitacon Sdn Bhd from GLM Emerald West (Rawang) Sdn Bhd, involves the main buildin...

By Izzul Ikram / theedgemarkets.com

12 May 2023, 08:00 am

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Police to nab third ‘Tan Sri’ for questioning, following fresh arrests and RM347m seizure in MBI case — sources

New US tariffs on solar imports threaten to phase out Chinese solar panel makers in Malaysia

Petronas Chemicals says commercial ops at Pengerang site commenced in November 2024

Norges Bank emerges as substantial shareholder of Pentamaster

Transport Ministry floats plan for phased 30% increase in port tariff

Trump administration proposes shake-up of US State Department

US$50 bil finance deals defy global M&A gloom

Google paid Samsung ‘enormous sums’ for Gemini AI app installs

Tesla board gets an earful from state treasurers over Musk’s focus

Intel, Oracle raise concerns over US tariffs with PM — Zafrul

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