AMID a challenging economic landscape, OCBC Group is progressing well towards its science-based decarbonisation targets for the power, oil and gas (O&G), real estate, steel, aviation and shipping sectors to achieve net zero in financed emissions by 2050.

In an email interview with T...

OCBC takes crucial steps in ‘Net Zero by 2050’ transition 

City Motors Group’s Alfa Bangsar development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar has seen a take-up rate of 90% since its official launch in January 2022.

“The response from the market has been overwhelmingly positive, with fewer than 20 units to be s...

City Motors Group’s Alfa Bangsar hits 90% take-up

THE status of Shenzen-based property developer Vanke Co Ltd’s project on Jalan Raja Chulan near the Kuala Lumpur Tower has piqued the interest of market observers over the past few weeks.

Industry observers are keen to know when and if Vanke’s local unit, Vanke Holdings (Malaysia) Sdn B...

Vanke Malaysia awaits right time to launch KL project

AN independent director of Malaysian Genomics Resource Centre Bhd (MGRC) is suing his fellow directors and key management personnel for allegedly breaching their fiduciary duty in the company’s undertaking of at least four transactions, and in turn is accused of launching the lawsuit in bad faith...

Malaysian Genomics did not follow the law in executing at least four deals, lawsuit alleges

A weak global economic outlook for 2024 will test banks, as will the commercial real estate (CRE) sector, which is experiencing a significant downturn in the US, China and certain European countries.

Despite these and other headwinds, the outlook for banks remains steady, says S&P G...

Property market weakness among key downside risks for banks in 2024, says S&P Global

Many in the wealthy West have misrepresented the causes of global warming, offering false solutions while claiming the high moral ground. This distracts attention from how they became wealthy while emitting greenhouse gases (GHGs).

my Say: Rich distort climate problems, offer self-serving solutions

Will-making is historically the most common means by which, upon the demise of the legal holder of the assets (known as the testator), his or her personal or known estate and wealth is managed and distributed.

my Say: The will as a tool for estate planning

Max Azaham, senior vice-president and head of the digital business division at Malaysian Industrial Development Finance (MIDF) Bhd, isn’t your everyday investment banker who is always on the lookout for the next big corporate deal in town.

Equally adept at computer programming and codin...

Cover Story: The coder investment banker

The salary was once seen as the main motivator for keeping employees happy in the workplace — the higher the salary, the happier the workforce. However, this theory does not seem to hold water anymore.

A higher salary does not mean a happier workforce

SINCE peaking at RM3.70 in August 2020, shares in cocoa grinder Guan Chong Bhd have been heading south, in tandem with the surge in cocoa bean prices to the highest levels seen in more than 40 years, driven mainly by the tight supply of cocoa beans and the El Niño weather.

Last week, as...

Rising cocoa bean prices suppress Guan Chong’s performance

WORLDWIDE Holdings Bhd, the sanitary landfill operator owned by Perbadanan Kemajuan Negeri Selangor (PKNS), is building up its portfolio of waste-to-energy (WTE) plants, with its latest win being the Bukit Payong WTE project in Batu Pahat, Johor.

According to a Worldwide spokesperson, t...

PKNS-owned Worldwide builds up WTE assets, adds Bukit Payong project to portfolio

The Klang Valley office market saw positive net absorption in 3Q2023, indicating a sustained and growing demand for such space despite a slowdown in economic expansion, according to Knight Frank Malaysia executive director (office strategy and solution) Teh Young Khean when presenting The Edg...

 The Edge Malaysia | Knight Frank Kuala Lumpur and Selangor Office Monitor 3Q2023: Sustained and growing demand for Klang Valley office space in 3Q2023

MANY of the country’s development financial institutions (DFIs) and government-linked companies (GLCs) have become too risk averse and are just “cruising”, says Tan Sri Nazir Razak.

“One concern I have of GLCs and DFIs today is that [they] are no longer taking risks. There’s a lot of cr...

Nazir: DFIs and GLCs are just cruising, not taking enough risk

SASBADI Holdings Bhd is on the prowl for opportunities after coming out of an earnings slump over the last six years.

The education solutions provider, which is in the print publishing and education technology (edtech) space, had a strong FY2023 ended Aug 31 with its net profit growing ...

Sasbadi is hungry for growth

Hong Leong Investment Bank (HLIB) Research has downgraded the property sector to “neutral”, and said it had turned less bullish on the sector, as it expects billings to normalise, while sales and launches should see a more moderate growth ahead.

HLIB downgrades property sector to 'neutral'; top picks Sunway, OSK, IOI Properties and SimeProp

PIVB thinks that Magni-Tech will see a stronger second half

MORNING CALL:7/12/23

KUALA LUMPUR (Dec 7): RHB Retail Research said Wellcall Holdings Bhd is set to propel higher, surpassing the RM1.69 breakout level, on a strong trading volume – printing a new high.

In a trading stocks note today, the research house said that riding on the bullish momentum above the ris...

Wellcall set to propel higher, says RHB Retail Research 

KUALA LUMPUR (Dec 7): RHB Retail Research said MCE Holdings Bhd is set for a strong uptrend, as it broke above the RM1.97 recent high, accompanied by high trading volume.

In a trading stocks note today, the research house said the latest “higher high” bullish pattern above the rising 21...

MCE Holdings set for a strong uptrend, says RHB Retail Research 

(Dec 7): President Joe Biden moved to forgive US$4.8 billion in student loans Wednesday, providing relief to more than 80,000 borrowers including public sector employees and Americans who have been repaying their federal debts for decades.

The move implements regulatory changes taken by...

Biden moves to forgive nearly US$5 billion in student loans

A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated US Treasury yields fell after economic data kept afloat expectations the Federal Reserve (Fed) has leeway to cut rates next year.

Stocks edge up, 10-year Treasury yield falls as rate cut timing weighed

LONDON (Dec 7): Resurgent Bournemouth climbed further away from the Premier League relegation zone with a comfortable 2-0 victory at Crystal Palace courtesy of goals by Marcos Senesi and Kieffer Moore on Wednesday.

Senesi headed in from a corner in the 25th minute and Bournemouth were r...

Bournemouth's resurgence continues with win at Palace

US stocks ended down on Wednesday, pulled lower by megacaps and energy shares as signs of a cooling jobs market reinforced expectations that the Federal Reserve (Fed) could start cutting interest rates early next year.

Wall St ends lower as investors weigh fresh employment data

SHEFFIELD, England (Dec 7): Liverpool's Virgil van Dijk scored a first-half volley to put his side on course for a 2-0 Premier League victory over Sheffield United on Wednesday, handing new Blades boss Chris Wilder a losing start on his return to the club.

The Liverpool captain volleyed...

Van Dijk volley sets up Liverpool for 2-0 win over Sheffield United

WASHINGTON (Dec 7): President Joe Biden pleaded with Republicans on Wednesday for a fresh infusion of military aid for Ukraine, warning that a victory for Russia over Ukraine would leave Moscow in position to attack NATO allies and could draw U.S. troops into a war.

Biden spoke as the U...

Do not let Putin win, Biden pleads with Republicans on Ukraine

Here is a brief recap of some corporate announcements that made the news on Wednesday: Gamuda Bhd, Boustead Plantations Bhd, LB Aluminium Bhd, Comintel Corp Bhd, IOI Properties Group Bhd, Malaysian Pacific Industries Bhd, Hiap Teck Ventures Bhd, Heitech Padu Bhd, Sime Darby Bhd, MyEG Services Bhd, UMW Group.&nbsp;&nbsp;

Gamuda, Boustead Plantations, Comintel, IOI Prop, Tropicana, MPI, Hiap Teck, HeiTech Padu, Sime Darby, MyEG, UMW Holdings 

Agrochemical businessman Datuk Eddie Ong Choo Meng has emerged as a substantial shareholder in Hektar Real Estate Investment Trust (Hektar REIT), after acquiring a 28.462% stake, or 143.9 million shares, in the company.

Eddie Ong buys into Hektar REIT, says no plan to merge with KIP REIT for now

(Dec 6):&nbsp;Thailand is on course to meet its target for 28 million foreign tourist arrivals this year, as a surge in visitors from neighbouring Malaysia helps counter a slow recovery in the Chinese market, the biggest source of inbound travellers to Thailand, pre-Covid.

Malaysians top list of tourists flocking to Thailand as Chinese miss target

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EVENING 5: Five things you need to know today

Boustead Heavy Industries Corp Bhd (BHIC) has proposed to undertake a partial debt settlement with three banks totalling RM183.26 million and the full settlement of its RM234 million debt with Boustead Holdings Bhd (BHB), before Dec 31.

Boustead Heavy Industries announces RM417m debt settlement plan with three lenders, Boustead Holdings

A gauge of global equities rose on Wednesday following consecutive declines to start the week, while longer-dated US&nbsp;Treasury yields fell after economic data kept afloat expectations the Federal Reserve (Fed) has leeway to cut rates next year.

KUALA LUMPUR (Dec 6):&nbsp;Malaysian police said&nbsp;on Wednesday that they have arrested&nbsp;a 36-year-old man&nbsp;and were conducting a&nbsp;sedition&nbsp;investigation over&nbsp;statements he made, suggesting the country should establish diplomatic relations with&nbsp;Israel.

Malaysian police arrests man over statements backing diplomatic ties with Israel

SINGAPORE (Dec 6): Oiltek International has won new contracts worth RM52.5 million from Colombia and Malaysia, bringing its total order book to RM390.6 million.

Oiltek wins RM52.5 mil worth of new contracts from Malaysia and Columbia

US private payrolls increased less than expected in November as the labour market gradually cools.

US private payrolls miss expectations in November 

PUTRAJAYA (Dec 6): Checks have shown that the&nbsp;video of an individual proposing the establishment of diplomatic ties between Malaysia and Israel was&nbsp;a December&nbsp;2021 clip which has been circulated again,&nbsp;said Communications and Digital Minister Fahmi Fadzil.

Fahmi: Video of individual proposing Malaysia-Israel ties old clip

Power supply to the Bangunan Sultan Iskandar Customs, Immigration and Quarantine (BSI CIQ) Complex and Johor Bahru Sentral, was fully restored at 9.13am.

Power supply to Johor Causeway checkpoint, JB Sentral fully restored this morning — TNB

US&nbsp;stocks ended down on Wednesday, pulled lower by megacaps and energy shares as signs of a cooling jobs market reinforced expectations that the Federal Reserve (Fed) could start cutting interest rates early next year.

Hong Leong Investment Bank (HLIB) Research has downgraded the property sector to “neutral”, and said it had turned less bullish on the sector, as it expects billings to normalise, while sales and launches should see a more moderate growth ahead.

McDonald's is planning to open about 10,000 restaurants globally by 2027 and more than double revenue from its loyalty programme, the company said on Wednesday, as it invests heavily to automate processes and speed up service at its stores.

McDonald's plans to add about 10,000 new stores by 2027, double loyalty programme sales

KUALA LUMPUR (Dec 6): The second reading of the Energy Efficiency and Conservation Bill&nbsp; 2023 and the Electricity Supply (Amendment) Bill 2023&nbsp;in Dewan Negara&nbsp;has been postponed by the Ministry of Natural Resources, Environment and Climate Change (NRECC).

Energy efficiency, electricity supply bills’ second reading postponed

(Dec 6):&nbsp;The European Union is facing the prospect of a coffee shortage in 2025, as the market grapples with a lack of clarity around the implementation of deforestation regulations, according to the International Coffee Organization.

Europe faces coffee shortage as deforestation rules lack clarity

Wall Street's main indexes gained on Wednesday as investors turned more optimistic about rate cuts from the Federal Reserve early next year, after data showed further signs of a cooling jobs market.

Wall Street rises as soft employment data supports rate cut bets

KUALA LUMPUR (Dec 6): The poor mobilisation and lack of transparency in climate finance have impeded developing&nbsp;nations from achieving mitigation and adaptation initiatives for climate change, said&nbsp;Local Government Development Minister Nga Kor Ming.

COP28: Lack of transparency in climate finance impedes developing countries

Alphabet on Wednesday introduced its most advanced artificial intelligence model, a technology capable of crunching different forms of information such as video, audio and text.

Alphabet unveils long-awaited Gemini AI model

(Dec 6): Dalian Wanda Group Co’s founder Wang Jianlin is planning to sell the rest of the firm’s film unit as the troubled Chinese conglomerate faces increasing debt repayment pressure.

&nbsp;The billionaire plans to transfer his 51% stake in Beijing Wanda Investment Co, which controls ...

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