ARTIFICIAL intelligence (AI) is set to be the next frontier in the fund management industry, with the aim of offering better returns to investors. London-based Arabesque Holdings sees the power of AI continuing to evolve as the financial investment process undergoes radical change.

The ...

Tech: Arabesque empowering fund management with AI

THE reverse takeover (RTO) of Ancom Logistics Bhd by Green Lagoon Technology Sdn Bhd, a company that is involved in the development of palm oil mill effluent (POME) anaerobic lagoon biogas-to-power projects, will result in the total decarbonisation of the former’s holding company Ancom Nylex Bhd....

Ancom Nylex to decarbonise via RTO of Ancom Logistics

IN the first four months of the year, Malaysian real estate investment trusts (REITs) have announced six acquisitions totalling RM2.65 billion as they look to beef up their portfolio of assets following last year’s tepid deal flow. However, getting their hands on higher-yielding assets could prov...

Appetite for REIT acquisition to improve, but landing decent-yielding assets a challenge

The surging US dollar has sparked much concern about where currencies in Asia are headed. The devastation caused by the Asian currency crisis of 1997 remains fresh in many minds. So does the “taper tantrum” of 2013 when the Indonesian rupiah, Indian rupee and Philippine peso all swooned simply because the US Federal Reserve was thinking of tightening its monetary policy.

MySay: Asian currencies can withstand a rampant US dollar

Brokers Digest: Local Equities - Rubber products, Nestlé (Malaysia) Bhd, Unisem (M) Bhd, Axiata Group Bhd

Notable fillings

During the week of April 22 to 26, among the notable changes in the shareholding of companies publicly traded on the Bursa Malaysia were those at Toyo Ventures Holdings Bhd.

Lim Guan Lee ceased to be a substantial shareholder in the company ...

Insider Moves: Toyo Ventures Holdings Bhd, Econframe Bhd, Pestech International Bhd, Sam Engineering & Equipment (M) Bhd, Sunway Bhd, Eastern & Oriental Bhd

For many years, the Friday prayers, at least in Selangor, ended with the imam in his khutbah (sermon) advising the congregation to stay away from giving or accepting bribes.

MySay: Political will a must, but be brave enough to say ‘no’ to corruption too

ARMED forces fund Lembaga Tabung Angkatan Tentera (LTAT) has generated a lot of interest for many reasons, putting it in the crosshairs of investors and the market in general.

Asked where he hopes to see LTAT in three years, new Minister of Defence Datuk Seri Mohamed Khaled Nordin tells...

The LTAT conundrum 

SEG International Bhd (SEGi) received a notice of mandatory general offer (MGO) for 45 sen per share last week. The last time that the tertiary education group got an MGO was 12 years ago when Navis Capital Partners Ltd wanted to take it private at RM1.714 per share and RM1.214 per warrant in mid...

What’s next for SEGi after Navis’ exit?

As we had expected, the Ministry of Education (MoE) released the so-called new and improved Dual Language Programme (DLP) guidelines or Surat Pekeliling Ikhtisas (SPI) Kementerian Pendidikan Malaysia (KPM) Bilangan (Bil.) 5 Tahun 2024: Garis Panduan Pelaksanaan DLP dated March 19, 2024, which has superseded all earlier guidelines.

Edunation: DLP students made victims in education ministry’s latest rules

It appears that Sarawak Cable Bhd (S-Cable) (KL:SCABLE) has no shortage of willing investors or white knights to resuscitate the cable and wire manufacturer that fell into Practice Note 17 category in September 2022.

Frankly Speaking: There is more to it than meets the eye at Sarawak Cable

THE Wall Street adage of “Sell in May and go away” may not hold true this year as brisk market activity on the local bourse indicates that investors are not going away just yet.

The saying is based on the fact that stocks normally perform best in the six months from November to April, c...

Risk-on mode for investors as geopolitical concerns subside

InNature Bhd’s (KL:INNATURE) share price has more than halved to 30 sen from its initial public offering price of 64 sen over four years ago in February 2020. The Body Shop franchisee has been suffering from shrinking margins and sales.

Frankly Speaking: InNature’s F&B bet

Pharmaniaga Bhd (KL:PHARMA), the company that holds a dominant position in the supply of pharmaceutical products to government hospitals, is confident it will be nursed back to health by the end of this year.

Frankly Speaking: Air of caution hanging over Pharmaniaga

Anglo American laid out plans on Tuesday to refocus on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's US$43 billion (RM203.55 billion) takeover offer.

Anglo American eyes break-up as it fends off BHP offer

Aluminium stockpiles held in London Metal Exchange (LME) warehouses climbed to the highest since 2021 after a second big delivery into warehouses in Port Klang in a matter of days.

Malaysian inflows bring LME aluminium stocks to highest since 2021

The Real Property Development Bill for Peninsular Malaysia is expected to be tabled in parliament in 2025, said Housing and Local Government (KPKT) Minister Nga Kor Ming.

Govt mulling Real Property Development Act for Peninsular Malaysia, says Nga

The historic opening of the Universiti Kebangsaan Malaysia (UKM) campus in Qatar on Tuesday can elevate the national higher education onto the global stage, said Prime Minister Datuk Seri Anwar Ibrahim.

Opening of UKM campus in Qatar thrusts national higher education onto global stage — PM

Federal Reserve chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high interest rates are curbing inflation, doubling-down on the need to keep borrowing costs elevated.

Powell reiterates Fed likely to keep rates higher for longer

Malaysia will be hosting the China-Asean Housing Ministers meeting for the first time on July 3, whereby ministers from member countries will be visiting TRX Residences, among other properties, according to Housing and Local Government Minister Nga Kor Ming.

Malaysia to host first ever China-Asean Housing Ministers summit in July and Asean Property summit in 2025

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

MAHB, MBSB, Cypark, Uzma, Heineken, Taliworks, Teo Seng, Aemulus, Deleum, Kumpulan Jetson, Ageson, Fibromat

Property developer BCB Bhd (KL:BCB) is buying 59 parcels of freehold land in Batu Pahat, Johor, measuring approximately 286.82 acres, for RM83.71 million from oil palm cultivator Lian Hup Seng Sdn Bhd.

BCB buys 286-acre land in Batu Pahat for RM83.71 mil 

MARC Ratings Bhd has affirmed A+IS(s) and AAAIS(bg) ratings on Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) sukuk wakalah programme of up to RM2 billion that is guaranteed by Bank Pembangunan Malaysia Bhd for up to RM500 million, with a stable outlook.

MARC maintains ratings on SUKE highway's sukuk wakalah, cites strong support from parent company

Donald Trump's former fixer Michael Cohen resumed testifying on Tuesday at the Republican presidential candidate's criminal trial, a day after telling jurors that Trump personally authorised him to make a hush money payment to a porn star weeks before the 2016 election.

Trump's ex-fixer Cohen testifies about secret hush money payment to porn star

The Ministry of Housing and Local Government is considering the introduction of a new Act called the Real Property Development Act to streamline the real estate market in Peninsular Malaysia, said Housing and Local Government Minister Nga Kor Ming at the Regional Housing Conference 2024 on Tuesday.&nbsp;

Nga: Govt mulling Real Property Development Act to streamline real estate market in Peninsular Malaysia

Cypark Resources Bhd (KL:CYPARK) group chief executive officer Datuk Daud Ahmad has resigned from his post, effective from Tuesday.

Cypark CEO Daud Ahmad resigns to facilitate 'transition into leading renewable energy player'

Prime Minister Datuk Seri Anwar Ibrahim reiterated the need to cut wasteful spending, including reducing excess subsidies to trim government debt levels, while stopping short of committing a timeline to do away with fuel concessions.

PM says to cut fuel subsidy at the ‘right time’

Former TIME dotCom Bhd&nbsp;(KL:TIMECOM) chief financial officer Shahnaz Farouque Jammal Ahmad has joined Malaysia Building Society Bhd (KL:MBSB) as the banking group’s new CFO.

Ex-TIME dotCom CFO Shahnaz Farouque joins MBSB

KUALA LUMPUR (May 14): Vegetable wholesaler and distributor Farm Price Holdings Bhd (KL:FPHB) on Tuesday said it is aiming for at least 10% growth in earnings this year.

Farm Price eyes double-digit earnings growth for FY2024

President Joe Biden is hiking tariffs on a wide range of Chinese imports — including semiconductors, batteries, solar cells, and critical minerals — in an election-year bid to bolster domestic manufacturing in critical industries.

Biden imposes tariffs on Chinese chips, critical minerals, EVs

Aluminium stockpiles held in London Metal Exchange (LME) warehouses climbed to the highest since 2021 after a second big delivery into warehouses in Port Klang in a matter of days.

Petroliam Nasional Bhd (Petronas) said its subsidiary&nbsp;Malaysia LNG Group of Companies (MLNG) experienced an electricity supply disruption last Friday at the Petronas LNG Complex (PLC) in Bintulu.

Petronas reports power outage at Bintulu LNG Complex, actively engages partners to minimise impact

KUALA LUMPUR (May 14): Taliworks Corp Bhd (KL:TALIWRK) has posted a 49.4% year-on-year increase in its first quarter net profit amid an increase in the bulk water supply rate for its water treatment and supply division, and a higher share of results from jointly controlled entity Grand Sepadu (NK) Sdn Bhd, on the back of a toll compensation by the government.

Taliworks starts 2024 on strong footing with 49% jump in earnings

Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, charted a new all-time high and emerged among the top gainers on Bursa Malaysia during Tuesday’s morning trading session.

Rebranded Binastra charts new all-time high since listing in 2004

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

Here’s a quick look at some of the stories that made headlines today.


EVENING 5: Five things you need to know today

IN the first four months of the year, Malaysian real estate investment trusts (REITs) have announced six acquisitions totalling RM2.65 billion as they look to beef up their portfolio of assets following last year’s tepid deal flow. However, getting their hands on higher-yielding assets could prov...

Automated test equipment company Aemulus Holdings Bhd (KL:AEMULUS) remained in the red for its sixth straight quarter even as net losses narrowed in the second quarter from a year earlier on lower expenses and higher revenue.

Aemulus logs sixth straight quarter of losses, flags slowdown in China

Seven districts in the Klang Valley, namely Kuala Lumpur, Gombak, Hulu Selangor, Klang, Kuala Selangor, Petaling and Shah Alam, are expected to experience temporary scheduled water supply disruption from June 5 to 7.

Seven districts in Klang Valley to experience water disruption from June 5 to 7

Malaysian Prime Minister Datuk Seri Anwar Ibrahim said his government won’t consider approving another casino in the Southeast Asian nation.

“Affirmative no,” Anwar told Bloomberg TV’s Haslinda Amin at the Qatar Economic Forum on Tuesday (May 14), when asked if his administration would allow a second casino in Malaysia.

PM says nation has no need for another casino

Tuju Setia Bhd (KL:TJSETIA) said Yeong Sin Khong had become a substantial shareholder after acquiring 18.2 million shares or a 5.74% stake in the construction services group.

Tuju Setia sees new substantial shareholder

theedgemalaysia.com highlighted three stocks with positive momentum and six stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday. &nbsp;

AME Elite, PTT Synergy, Wong Engineering, Fibon, Aemulus, WMG, YLI, Binastra, SCGM

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.&nbsp;

FBM KLCI rises 0.19% to 1,605.88 on May 14, 2024

THE reverse takeover (RTO) of Ancom Logistics Bhd by Green Lagoon Technology Sdn Bhd, a company that is involved in the development of palm oil mill effluent (POME) anaerobic lagoon biogas-to-power projects, will result in the total decarbonisation of the former’s holding company Ancom Nylex Bhd....

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