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Genting Malaysia denies involvement in talks for Forest City casino

KUALA LUMPUR (April 27): Genting Malaysia Bhd has dismissed reports linking the group and its deputy...

Source: TheEdge

Sentiment

Three semiconductor firms keen to invest US$100m in Penang

GEORGE TOWN (April 27): Three new semiconductor companies are keen to invest in Penang with total in...

Source: TheEdge

Sentiment

KLK investigating allegations of unethical practice linked to its foreign worker recruitment agent

KUALA LUMPUR (April 27): Kuala Lumpur Kepong Bhd (KLK) is investigating allegations of unethical rec...

Source: TheEdge

Sentiment

Alphabet joins US$2 trillion club as results show AI strength

(April 27): Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisa...

Source: TheEdge

Sentiment

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

This article first appeared in The Edge Malaysia Weekly on April 29, 2024 - May 5, 2024 Candidates c...

Source: TheEdge

Sentiment

Apple intensifies talks with OpenAI for iPhone generative AI features

(April 27): Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to p...

Source: TheEdge

Sentiment

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the ...

Source: TheEdge

Sentiment

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

KUALA LUMPUR (April 26): Here is a brief recap of some business news and corporate announcements tha...

Source: TheEdge

Sentiment

KUB extends deadline for CCB MGO a second time

KUALA LUMPUR (April 26): KUB Malaysia Bhd has extended the deadline for its mandatory general offer ...

Source: TheEdge

Sentiment

EVENING 5: Five things you need to know today

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes Here’s a quick look at s...

Source: TheEdge

Sentiment

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthc...

Source: TheEdge

Sentiment

Baltic Exchange shipping updates: April 26, 2024

A weekly round-up of tanker and dry bulk market (April 26, 2024) This report is produced by the Balt...

Source: TheEdge

Sentiment

KNM seeks fresh scheme of arrangement with creditors

KUALA LUMPUR (April 26): KNM Group Bhd said it is seeking court sanction for a new scheme of arrange...

Source: TheEdge

Sentiment

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

KUALA LUMPUR (April 26): Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter...

Source: TheEdge

Sentiment

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

GEORGE TOWN (April 26): Penang Chief Minister Chow Kon Yeow has announced that he is in talks with a...

Source: TheEdge

Sentiment

Snapchat parent soars after beating revenue, user growth estimates

(April 26): Shares in Snap jumped nearly 25% in premarket trading on Friday after targeted ads and n...

Source: TheEdge

Sentiment

EPF emerges as second largest shareholder of Sam Engineering

KUALA LUMPUR (April 26): The Employees Provident Fund (EPF) has emerged as the second largest shareh...

Source: TheEdge

Sentiment

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

KUALA LUMPUR (April 26): Gadang Holdings Bhd has secured a RM280 million contract to design and deve...

Source: TheEdge

Sentiment

US probes Tesla recall of two million vehicles over Autopilot, citing concerns

WASHINGTON (April 26): US auto safety regulators said Friday they have opened an investigation into ...

Source: TheEdge

Sentiment

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

(From left) Artist Lab director Elise Chua, Haruka Bakery co-founder Lee Kok Chiang, Rasa Riang by A...

Source: TheEdge

Sentiment

AirAsia X logs best day in six months on Capital A restructuring

KUALA LUMPUR (APRIL 26): Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered...

Source: TheEdge

Sentiment

YNH provides clarity over bond default, ensures remedial steps taken

KUALA LUMPUR (APRIL 26): YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian ...

Source: TheEdge

Sentiment

Malaysia the next market for Geely’s methanol vehicle

NINGBO, China (April 26): Malaysia is poised to be the next home of Zhejiang Geely Holding Group Co ...

Source: TheEdge

Sentiment

Huawei's smart car tech offers automakers route to China sales

BEIJING (April 26): It's taken Huawei just four years to become a force in smart car technology, nav...

Source: TheEdge

Sentiment

Forest City casino: Parties mentioned in fake news report must take action, says Anwar

SEPANG (April 26): Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned...

Source: TheEdge

Sentiment

Meituan to debut in Riyadh in first expansion beyond China

(April 26): Meituan is planning to launch its international food-delivery platform in Saudi Arabia’s...

Source: TheEdge

Sentiment

MYAirline seeking multiple investors, to retain nominated post holders

KUALA LUMPUR (April 26): MYAirline Sdn Bhd will continue to retain its nominated post holders as wel...

Source: TheEdge

Sentiment

Nestle Malaysia to adjust prices of 22 products starting July 1

KUALA LUMPUR (April 26): Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products star...

Source: TheEdge

Sentiment

Unisem's 1Q net profit down 14% dragged by lower margin, foreign exchange losses

KUALA LUMPUR (April 26): Unisem (M) Bhd kicked off the financial year with its first-quarter earning...

Source: TheEdge

Sentiment

Microlink gets RM56.45 mil contract from Bank Islam Brunei

KUALA LUMPUR (April 26): Software company Microlink Solutions Bhd said on Friday that it has secured...

Source: TheEdge

Sentiment

Huawei’s new phone runs latest version of made-in-China chip

(April 26): Huawei Technologies Co.’s latest smartphones carry a version of the advanced made-in-Chi...

Source: TheEdge

Sentiment

D&O optimistic of revenue growth, plans new RM200m facility

KUALA LUMPUR (April 26): D&O Green Technologies Bhd, which mainly makes automotive light-emitting di...

Source: TheEdge

Sentiment

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

KUALA LUMPUR (April 26): Pavilion Real Estate Investment Trust rose to its highest in more than a mo...

Source: TheEdge

Sentiment

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

KUALA LUMPUR (April 26): The corporate exercise to merge the AirAsia airline businesses under AirAsi...

Source: TheEdge

Sentiment

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

KUALA LUMPUR (April 26): Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri...

Source: TheEdge

Sentiment

Majuperak, Shizen International to explore solar PV development in Perak

IPOH (April 26): Majuperak Holdings Bhd (MHB) will collaborate with Shizen International Inc to expl...

Source: TheEdge

Sentiment

Berjaya Corp denies participation in talks to revive Forest City casino resort

KUALA LUMPUR (April 26): Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Ch...

Source: TheEdge

Sentiment

Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

More to come...

Source: TheEdge

Sentiment

Jaecoo marks debut of J7 PHEV, J8 PHEV at 2024 Beijing auto show

KUALA LUMPUR (April 26): Chinese vehicle manufacturer Chery's Jaecoo marked the debut of its J7 PHEV...

Source: TheEdge

Sentiment

Analysts positive on Capital A's restructuring plan to get it out of PN17

KUALA LUMPUR (April 26): Analysts are positive that Capital A Bhd's proposed restructuring plan to s...

Source: TheEdge

Sentiment

Maxis could lead second 5G network rollout with new consortium partner, says RHB Research

KUALA LUMPUR (April 26): Maxis Bhd could work with another consortium partner to lower the cost of d...

Source: TheEdge

Sentiment

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

KUALA LUMPUR (April 26): The Malaysian Research Accelerator for Technology and Innovation (MRANTI) h...

Source: TheEdge

Sentiment

Global legal tech market will hit US$50b by 2027, says Gartner

KUALA LUMPUR (April 26): The global legal technology market has grown significantly in recent years ...

Source: TheEdge

Sentiment

Meta sparks tech selloff as AI splurge spooks Wall Street

(April 25): Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stoc...

Source: TheEdge

Sentiment

Vitrox shares on pace for worst day in 18 months as 1Q disappoints

KUALA LUMPUR (April 26): Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as firs...

Source: TheEdge

Sentiment

Intel forecast misses estimates; shares tumble

BENGALURU/SAN FRANCISCO (April 26): Intel forecast second-quarter revenue and profit below market es...

Source: TheEdge

Sentiment

Microsoft results top Wall Street targets, driven by AI investment

BENGALURU (April 26): Microsoft beat Wall Street estimates for third-quarter revenue and profit on T...

Source: TheEdge

Sentiment

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

KUALA LUMPUR (April 26): Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics B...

Source: TheEdge

Sentiment

China prepares UN resolution to tap AI for good

(April 26): China is preparing a United Nations General Assembly resolution that it says is intended...

Source: TheEdge

Sentiment

Tesla fires back at investor who doesn’t want pay fight in Texas

(April 26): The Tesla Inc. shareholder who won a court order in Delaware killing co-founder Elon Mus...

Source: TheEdge

Sentiment

Trump advisers discuss penalties for nations that move away from the dollar

(April 26): Former President Donald Trump’s economic advisers are considering ways to actively stop ...

Source: TheEdge

Sentiment

S&P slashes Boeing credit outlook as rating hovers above junk status

(April 26): Boeing's credit rating faced pressure for a second time this week as S&P brought the com...

Source: TheEdge

Sentiment

Agency bars Chinese telecom carriers from offering US broadband services

WASHINGTON (April 26): The Federal Communications Commission said on Thursday it is ordering the U.S...

Source: TheEdge

Sentiment

Google parent Alphabet announces first-ever dividend, shares soar

(April 26): Alphabet announced its first-ever dividend on Thursday and a $70 billion stock buybuck, ...

Source: TheEdge

Sentiment

Honda to spend US$11 bil on EV strategy in Canada

(April 26): Honda Motor Co will spend C$15 billion (US$11 billion or RM52.54 billion) to build out i...

Source: TheEdge

Sentiment

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec

KUALA LUMPUR (April 25): Here is a brief recap of some business news and corporate announcements tha...

Source: TheEdge

Sentiment

TAS Offshore’s 3Q net profit up nine-fold, shares surge to eight-year high

KUALA LUMPUR (April 25): TAS Offshore Bhd’s net profit has leapt by nine-fold year-on-year for the f...

Source: TheEdge

Sentiment

Infoline Tec seeks transfer from ACE Market to Main Market

KUALA LUMPUR (April 25): Infoline Tec Group Bhd has proposed to transfer its listing from the ACE Ma...

Source: TheEdge

Sentiment

EVENING 5: Five things you need to know today

EVENING 5: EPF unveils the details of flexible Account 3 Here’s a quick look at some of the stories ...

Source: TheEdge

Sentiment

AirAsia X mulls flying to Poland, Hungary, London and Orlando

KUALA LUMPUR (April 25): As part of its continuing quest to add long-haul destinations to its routes...

Source: TheEdge

Sentiment

Heineken nominates Martijn Rene van Keulen as new MD to succeed Roland Bala

KUALA LUMPUR (April 25): Heineken Malaysia Bhd announced on Thursday that it has nominated Martijn R...

Source: TheEdge

Sentiment

Al-`Aqar Healthcare REIT aims to acquire yield-accretive properties from KPJ Healthcare

KUALA LUMPUR (April 25): Al-’Aqar Healthcare Real Estate Investment Trust (Al-’Aqar REIT) is activel...

Source: TheEdge

Sentiment

Chin Teck’s 2Q net profit up sevenfold

KUALA LUMPUR (April 25): Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial q...

Source: TheEdge

Sentiment

Amazon to invest US$11 billion in Indiana to build data centers

(April 25): Amazon.com's cloud-computing arm said it would invest US$11 billion in Indiana to build ...

Source: TheEdge

Sentiment

Daiso’s global distribution centre in Malaysia is its largest warehouse in the world

PORT KLANG: Daiso Malaysia Group Sdn Bhd’s new Global Distribution Centre in Malaysia is set to be i...

Source: TheSun

Sentiment

PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

KUALA LUMPUR (April 25): Pavilion Real Estate Investment Trust (PavREIT) reported that its first qua...

Source: TheEdge

Sentiment

India's IndiGo places first-ever widebody order for 30 Airbus A350 jets

BENGALURU (April 25): IndiGo, India's top airline by market share, placed an order with Airbus for 3...

Source: TheEdge

Sentiment

AirAsia X to buy Capital A's aviation business for RM6.8 b via share deal

KUALA LUMPUR (April 25): AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation bus...

Source: TheEdge

Sentiment

Khee San revises underwriting of rights issue after substantial shareholder ceases to be, withdraws undertaking

KUALA LUMPUR (April 25): Practice Note 17 (PN17) company Khee San Bhd will increase the allotment un...

Source: TheEdge

Sentiment

Inta Bina bags RM224.8m job to build business serviced apartments in Subang Jaya

KUALA LUMPUR (Apr 25): Construction company Inta Bina Group Bhd has secured a contract worth RM224.8...

Source: TheEdge

Sentiment

MKH Oil Palm posts RM16 mil net profit in 2Q, q-o-q up 44% ahead of Main Market listing

KUALA LUMPUR (April 25): MKH Oil Palm (East Kalimantan) Bhd (MKHOP), the plantation arm of property ...

Source: TheEdge

Sentiment

DNB's new board to review due diligence findings, finalise share subscription agreements soon — Gobind

KUALA LUMPUR (April 25): The newly constituted board of Digital Nasional Bhd (DNB) will convene a me...

Source: TheEdge

Sentiment

Meta Bright secures RM24.8m equipment leasing contract from Australian company

PETALING JAYA: Meta Bright Group Bhd, via wholly owned Australian subsidiary Meta Bright Australia P...

Source: TheSun

Sentiment

TTM Technologies to accelerate Phase 2 investment in Penang plant

Officiating the grand opening of TTM Technologies’ Malaysia Facility (from left to right): TTM Techn...

Source: TheEdge

Sentiment

HeiTech Padu targets stronger earnings growth after returning to black in 2023

KUALA LUMPUR (April 25): HeiTech Padu Bhd targets stronger earnings growth after returning to profit...

Source: TheEdge

Sentiment

CapitaLand Malaysia Trust surges to near four-year high after strong 1Q

KUALA LUMPUR (April 25): Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highes...

Source: TheEdge

Sentiment

PM denies claims that govt issuing casino licence for Forest City

PUTRAJAYA (April 25): Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the gov...

Source: TheEdge

Sentiment

Ekuinas-backed Al-Ikhsan Sports names former 7-Eleven head as CEO

KUALA LUMPUR (April 25): Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equi...

Source: TheEdge

Sentiment

JRG Minerals teams up with Shandong Huaxin for RM15b development project in Pahang

KUALA LUMPUR (April 25): JRG Minerals Sdn Bhd is collaborating with Shandong Huaxin Industry Co Ltd ...

Source: TheEdge

Sentiment

Luxchem 1Q net profit up 54% on stronger trading and manufacturing segment

KUALA LUMPUR (April 25): Luxchem Corp Bhd’s net profit for the first quarter ended March 31, 2024 (1...

Source: TheEdge

Sentiment

RGT, Notion, BMGreen, Plytec, AlAqar, Sasbadi, QL, Sign, CGB

KUALA LUMPUR (April 25): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia...

Source: TheEdge

Sentiment

XPeng CEO says its software, AI upgrades to enter 'super fast cycle'

BEIJING (April 25): Chinese electric vehicle (EV) maker XPeng on Thursday said its software and arti...

Source: TheEdge

Sentiment

Xiaomi says SU7 EV orders reach 75,723 since March launch

(April 25): Xiaomi Corp has secured 75,723 orders for its SU7 electric vehicles since last month’s l...

Source: TheEdge

Sentiment

Toyota hits record annual output, sales on robust demand

TOKYO (April 25): Toyota Motor said on Thursday its global sales and production hit record highs in ...

Source: TheEdge

Sentiment

VinFast chief plans to invest US$1b more from his fortune in EV maker

HANOI (April 25): Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest US$1 ...

Source: TheEdge

Sentiment

Malaysia is said to mull casino resort to revive Forest City

SINGAPORE/KUALA LUMPUR (April 25): Malaysia is in early discussions with tycoons on opening a casino...

Source: TheEdge

Sentiment

AI memory boom propels SK Hynix's fastest sales growth since 2010

(April 25): SK Hynix Inc said it expects a full recovery in the memory market, led by surging artifi...

Source: TheEdge

Sentiment

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

(April 25): Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward...

Source: TheEdge

Sentiment

US solar panel makers seek import tariffs to protect new domestic factories

(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administr...

Source: TheEdge

Sentiment

Digital Nasional names senior telco and tech leaders as new directors

KUALA LUMPUR (April 25): Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G net...

Source: TheEdge

Sentiment

Mega First shares likely peaked; Maybank IB the first to downgrade stock

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to n...

Source: TheEdge

Sentiment

Zuckerberg asks for patience after Meta’s AI push irks investors

(April 25): Mark Zuckerberg is asking for investors to stay patient. Again. After Meta Platforms Inc...

Source: TheEdge

Sentiment

Synergy House may trend higher, says Rakuten Trade

KUALA LUMPUR (April 25): Synergy House Bhd may trend higher after breaking out from its one-week bul...

Source: TheEdge

Sentiment

NationGate is observing a technical breakout, says RHB Retail Research

KUALA LUMPUR (April 25): RHB Retail Research said NationGate Holdings Bhd is observing a technical b...

Source: TheEdge

Sentiment

Naim Holdings likely to resume its uptrend, says RHB Retail Research

KUALA LUMPUR (April 25): RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend ...

Source: TheEdge

Sentiment

Friends, family, royalty seek mercy for crypto’s richest man

(April 25): Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by U...

Source: TheEdge

Sentiment

Meta’s miss sparks fear in tech world with big earnings looming

(April 25): A disappointing earnings report from Meta Platforms Inc. has technology investors on edg...

Source: TheEdge

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