News Analytics
Sentiments
Sentiment
Crypto lender Genesis to return US$3b to customers in bankruptcy wind-down
NEW YORK (May 18): Crypto lender Genesis Global received court approval on Friday to return about US...
Sentiment
The Week Ahead: Corporate earnings, trade data and US Fed minutes in focus
This article first appeared in The Edge Malaysia Weekly on May 20, 2024 - May 26, 2024 As the local ...
Sentiment
A deal to bring the experts in
KUALA LUMPUR (May 18): The slide in Kuala Lumpur International Airport (KLIA)’s position on the list...
Sentiment
Mercedes workers in Alabama reject union in pivotal vote
(May 18):Mercedes-Benz Group AG employees in Alabama voted against joining the United Auto Workers, ...
Sentiment
US company becomes world’s most valuable solar firm after Chinese rivals slip
(May 18): A US company has become the world’s most valuable solar manufacturer for the first time si...
Sentiment
US, TikTok seek fast-track schedule, ruling by Dec. 6 on potential ban
WASHINGTON (May 18): The U.S. Justice Department and TikTok on Friday asked a U.S. appeals court to ...
Sentiment
JSB - For a Sustainable Future
Electrification is driving the fourth industrial revolution. Access to secure, sustainable, and affo...
Sentiment
Main Market-bound Feytech posts RM16.88m profit for 1Q
KUALA LUMPUR (May 17): Main Market-bound automotive seats manufacturer Feytech Holdings Bhd (KL:FEYT...
Sentiment
Maxis, ITMAX, PIE Industrial, Malayan Flour Mills, PPB, Epicon, NationGate, Ho Hup, Sarawak Cable, GIIB
KUALA LUMPUR (May 17): Here is a brief recap of some business news and corporate announcements that ...
Sentiment
Dutch firm initiates arbitration against Destini over alleged unpaid invoices
KUALA LUMPUR (May 17): Destini Bhd (KL:DESTINI) said a Dutch shipbuilding company has commenced arbi...
Sentiment
EVENING 5: Five things you need to know today
EVENING 5: Malaysia’s 1Q GDP beats estimates, grows 4.2% Here’s a quick look at some of the stories ...
Sentiment
Ho Hup's property development unit applies for judicial management
KUALA LUMPUR (May 17): Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit Golden Wav...
Sentiment
NationGate secures SC nod for transfer to Main Market
KUALA LUMPUR (May 17): NationGate Holdings Bhd (KL:NATGATE) has secured approval from the Securities...
Sentiment
BYD Electronic to join Hong Kong’s benchmark index
(May 17): BYD Electronic International Co will be added to Hong Kong’s Hang Seng Index following its...
Sentiment
Nigeria court rules Binance executive can face trial on behalf of crypto exchange
ABUJA (May 17): A Nigerian court on Friday ruled that Binance executive Tigran Gambaryan can stand t...
Sentiment
GIIB says it's unaware of any forged interim financial statements as ex-director charged
KUALA LUMPUR (May 17): GIIB Holdings Bhd announced that its interim financial statements for the per...
Sentiment
EU demands clarity from Microsoft on AI risks in Bing
BRUSSELS (May 17): The European Commission could fine Microsoft if it doesn't provide adequate infor...
Sentiment
PIE Industrial posts 31% drop in 1Q earnings as integrated circuit shortages hit demand
KUALA LUMPUR (May 17): PIE Industrial Bhd's net profit for the first quarter ended March 31, 2024 (1...
Sentiment
ACE Market-listed Pappajack seeks transfer to Main Market
KUALA LUMPUR (May 17): Two years after it was listed on the ACE Market of Bursa Malaysia, pawnshop o...
Sentiment
Malayan Flour Mills more than triples net profit in 1Q, to invest further
KUALA LUMPUR (May 17): Malayan Flour Mills Bhd (KL:MFLOUR) said its net profit has more than tripled...
Sentiment
Epicon secures RM50m contract for structural reinforced concrete works
KUALA LUMPUR (May 17): Construction firm and bus operator Epicon Bhd (KL:EPICON) has secured a RM50 ...
Sentiment
Shanghai eases data-export curbs sought by Tesla, other firms, document shows
SHANGHAI (May 17): Shanghai has compiled a list of data that can be transferred overseas without sec...
Sentiment
Xpeng says US tariffs on Chinese EV detrimental to meeting carbon neutrality
HONG KONG (May 17): Chinese electric vehicle (EV) maker Xpeng said on Friday that new US tariffs on ...
Sentiment
Anwar: Claims that pro-Israel company will own MAHB shares only to incite hatred
ASTANA (May 17): Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remain...
Sentiment
PPB Group to invest RM327 mil in film segment over next five years
KUALA LUMPUR (May 17): PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibi...
Sentiment
Reddit forges pact with OpenAI to bring content to ChatGPT
(May 17): Reddit Inc forged a partnership with OpenAI that will bring its content to the ChatGPT cha...
Sentiment
Applied Materials forecast fails to impress following rally
(May 17): Applied Materials Inc, the largest US maker of chipmaking machinery, failed to impress inv...
Sentiment
ITMAX secures RM105.3 mil contract extension from DBKL
KUALA LUMPUR (May 17): ITMAX System Bhd (KL:ITMAX) said on Friday that it has secured a RM105.3 mill...
Sentiment
Airfares can only keep rising due to supply chain problems, ING says
(May 17): Passengers will see little respite from soaring air fares, as carriers face a shortage of ...
Sentiment
Maxis posts 10% rise in 1Q net profit on higher service revenue, declares four sen dividend
KUALA LUMPUR (May 17): Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% ...
Sentiment
Sarawak Cable says has found alternative white knight to Serendib
KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) bet...
Sentiment
Microsoft offers cloud customers AMD alternative to Nvidia AI processors
SAN FRANCISCO (May 16): Microsoft said on Thursday that it plans to offer its cloud computing custom...
Sentiment
Biden signs sweeping aviation safety, reform bill into law
WASHINGTON (May 16): US President Joe Biden signed on Thursday a sweeping aviation legislation that ...
Sentiment
S&P: Credit impact of Axiata's potential Indonesian merger hinges on deal structure
KUALA LUMPUR (May 17): The credit impact of a potential merger Axiata Group Bhd (KL:AXIATA) is consi...
Sentiment
Ford asks suppliers to cut costs in push to turn EV business profitable, memo says
(May 16): Ford Motor Co has asked its electric-vehicle suppliers to reduce costs in an attempt to su...
Sentiment
Hong Leong Industries shares retest all-time high after profit jump
KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND) climbed to near their record h...
Sentiment
Lack of AI is reducing India software stocks’ heft as tech bets
(May 17): Shares of India’s vaunted IT outsourcing firms are facing a reality check, as global inves...
Sentiment
Malaysian Pacific Industries climbs to 15-month high on return to profit
KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest ...
Sentiment
Hup Seng shares climb to near three-year high after 1Q profit surge
KUALA LUMPUR (May 17): Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in ne...
Sentiment
AI voiceover company stole voices of actors, New York lawsuit claims
(May 17): Two voice actors sued artificial-intelligence startup Lovo in Manhattan federal court on T...
Sentiment
A Trump presidency would risk US$1 trillion in clean energy investment, WoodMac says
WASHINGTON (May 17): A victory by Donald Trump in the Nov. 5 presidential election would jeopardize ...
Sentiment
Econpile to ride on construction upcycle, says HLIB
KUALA LUMPUR (May 17): Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in co...
Sentiment
Poh Kong back on the radar, says Rakuten Trade
KUALA LUMPUR (May 17): Rakuten Trade said Poh Kong Holdings Bhd (KL: POHKONG) is back on the radar a...
Sentiment
Neuralink’s first patient: ‘It blows my mind so much’
(May 17): Noland Arbaugh still doesn’t quite know what happened. He doesn’t know many of the key det...
Sentiment
Hong Kong’s shaky crypto ETF debuts dent global hub aspirations
(May 17): The first Hong Kong exchange-traded funds investing directly in crypto have so far failed ...
Sentiment
Chinese EV giants hammered by Biden tariff are welcome in Brazil
(May 17): Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in...
Sentiment
Hup Seng, SEGi, Hong Leong Industries, Pansar, Kawan Food, Malaysian Pacific Industries, S P Setia, Thong Guan, Iconic Worldwide, Pertama Digital
KUALA LUMPUR (May 17): Here is a brief recap of some business news and corporate announcements that ...
Sentiment
Pertama in talks to continue operating online bail system e-Jamin
KUALA LUMPUR (May 16): Pertama Digital Bhd (KL:PERTAMA), which runs the digital court bail payment s...
Sentiment
AirAsia MOVE partners with The Commune Mall to offer exclusive deals to mall patrons
KUALA LUMPUR (May 16): AirAsia MOVE, the travel super-app by Capital A Bhd (KL:CAPITALA), has inked ...
Sentiment
Iconic Worldwide unit sues Jovian Apparel over unpaid face masks totalling RM4.96m
KUALA LUMPUR (May 16): Iconic Medicare Sdn Bhd (IMED), a wholly-owned unit of Iconic Worldwide Bhd (...
Sentiment
EVENING 5: Five things you need to know today
EVENING 5: TNB need not pay RM1.8 bil additional taxes Here’s a quick look at some of the stories th...
Sentiment
Tomei books 76% net profit in 1Q, highest since 2QFY2022
KUALA LUMPUR (May 16): Tomei Consolidated Bhd’s net profit jumped 76.38% to RM20.94 million in the f...
Sentiment
Thong Guan teams up with Kedah agency to develop RM200m GDV property project
KUALA LUMPUR (May 16): Plastic packaging manufacturer Thong Guan Industries Bhd (KL:TGUAN) is teamin...
Sentiment
BAIC launches X55, BJ40 Plus SUVs in Malaysia
SUBANG JAYA (May 16): Chinese carmaker Beijing Automotive Group Co Ltd (BAIC) on Thursday launched i...
Sentiment
MPI expects semiconductor industry to be volatile in near term despite improved earnings, pays 25 sen dividend
KUALA LUMPUR (May 16): Malaysian Pacific Industries Bhd (KL:MPI) posted a net profit of RM32.76 mill...
Sentiment
Kawan Food reports stronger 1Q profit, warns ‘signs of recession’ showing in global economy
KUALA LUMPUR (May 16): Kawan Food Bhd’s (KL:KAWAN) net profit in the first quarter ended March 31, 2...
Sentiment
Coraza stays in the red in 1Q amid semiconductor market downturn
KUALA LUMPUR (May 16): Engineering support services provider Coraza Integrated Technology Bhd (KL:CO...
Sentiment
Pansar secures RM30m contract to manage museum building in Kuching
KUALA LUMPUR (May 16): Pansar Bhd (KL:PANSAR) has secured a RM30.1 million contract to undertake fac...
Sentiment
Hong Leong Industries posts 51% jump in 3Q net profit on RM25m insurance compensation
KUALA LUMPUR (May 16): Hong Leong Industries Bhd’s (HLI) (KL:HLIND) net profit for its third financi...
Sentiment
SEGi's 1Q net profit falls 22% amid increased student acquisition cost
KUALA LUMPUR (May 16): SEG International Bhd (SEGi) (KL:SEG) said its first-quarter net profit dropp...
Sentiment
Biden seeks to bolster solar manufacturers with tax and trade moves
(May 16): The Biden administration is initiating a suite of policies that it says will help foster a...
Sentiment
Hup Seng’s 1Q net profit rises 45%; best quarterly earnings in six years
KUALA LUMPUR (May 16): Hup Seng Industries Bhd (KL:HUPSENG) said its first quarter net profit rose 4...
Sentiment
Seremban Engineering clinches RM40 mil contract in Shah Alam
KUALA LUMPUR (May 16): Engineering services group Seremban Engineering Bhd (SEB) has bagged a RM39.8...
Sentiment
JcbNext sells more shares in Taiwan-listed 104 Corp, expects net gain of RM10.5m
KUALA LUMPUR (May 16): Digital marketing and advertising services firm JcbNext Bhd has disposed of a...
Sentiment
Singapore Airlines promotes Scoot CEO to executive vice president
SINGAPORE (May 16): Leslie Thng, chief executive officer (CEO) of Scoot, has been promoted to execut...
Sentiment
Crypto broker Bitpanda says profit may rebound to record in 2024
(May 16): Bitpanda GmbH, the cryptocurrency broker backed by billionaire Peter Thiel, expects bank d...
Sentiment
High Court gives nod for OCBC to wind up Sarawak Cable’s subsidiaries
KUALA LUMPUR (May 16): Sarawak Cable Bhd (KL:SCABLE) on Thursday said that the High Court has allowe...
Sentiment
Analysts say Axiata's Indonesian unit merger may yield benefits, but doubt synergy
KUALA LUMPUR (May 16): Axiata Group Bhd’s (KL:AXIATA) move to merge its Indonesian telco unit XL Axi...
Sentiment
China's Baidu beats quarterly revenue estimates on ad recovery, cloud demand
(May 16): China's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a ...
Sentiment
China's Temu targeted in consumer group's complaint to EU tech regulator
BRUSSELS (May 16): Chinese fast-fashion e-commerce retailer Temu was hit with a European Union (EU) ...
Sentiment
EasyJet CEO Lundgren to leave next year, CFO to take helm
(May 16): EasyJet Plc said chief executive officer Johan Lundgren will step down and leave the low-c...
Sentiment
Japan's Honda steps up electrification investment to US$65b through FY2030
TOKYO (May 16): Japan's Honda Motor pledged to double its electrification and software investment to...
Sentiment
UEM Sunrise, partners to develop renewable energy park in Johor
KUALA LUMPUR (May 16): Property developer UEM Sunrise Bhd (KL:UEMS) and its partners plan to develop...
Sentiment
TNB need not pay RM1.8b additional taxes as appellate court upholds High Court's decision
PUTRAJAYA (May 16): A three-member Court of Appeal bench on Thursday upheld a High Court decision gi...
Sentiment
Newly privatised Toshiba to cut 4,000 jobs in restructuring drive
TOKYO (May 16): Japan's Toshiba said on Thursday it will cut up to 4,000 jobs domestically as the in...
Sentiment
Siemens sells motor unit for €3.5b as China sales slump
(May 16): Siemens AG saw demand for factory-automation products in China weaken further as the Germa...
Sentiment
Smart Asia Chemical shares oversubscribed by 33.8 times ahead of ACE Market listing
KUALA LUMPUR (May 16): Industrial paint and coating manufacturer Smart Asia Chemical Bhd, which is s...
Sentiment
Visa adds new way to share customer shopping data with retailers
(May 16): Visa Inc is rolling out new technology that will allow the payments giant to share more in...
Sentiment
Tesla must face claims it misled buyers about Autopilot and self-driving, US district judge rules
(May 16): Tesla Inc must face a proposed class-action lawsuit alleging that it misled consumers abou...
Sentiment
Volkswagen backtracking on EV-or-bust strategy that rankled rivals
(May 16): Volkswagen AG’s all-in on electric vehicles (EVs) plan is no more. The namesake VW brand, ...
Sentiment
Microsoft asks some China staff to relocate amid Sino-US tensions
(May 16): Microsoft is asking some of its China-based employees to consider transferring outside the...
Sentiment
Nio launching more affordable brand in direct challenge to Tesla
(May 16): Nio Inc is launching a more affordable electric car brand in China in a bid to gain a firm...
Sentiment
Report: Chinese spy malware found in European shipping companies' systems
KUALA LUMPUR (May 16): There are signs of Chinese hacking intrusions in the European cargo shipping ...
Sentiment
Cover Story: EPF Account 3 withdrawals expected to have muted impact on consumption
This article first appeared in The Edge Malaysia Weekly on May 6, 2024 - May 12, 2024 COME May 11, t...
Sentiment
Google CEO 'cautiously optimistic' elections safe from deepfakes this year
LONDON (May 16): Google boss Sundar Pichai said he believes the tech giant, and wider industry, is w...
Sentiment
Tomei anticipates retail boost from new EPF Account 3
KUALA LUMPUR (May 16): Gold and jewellery brand Tomei Consolidated Bhd (KL:TOMEI) anticipates that t...
Sentiment
Singapore Air staff get eight months' salary bonus after record profits
(May 16): Singapore Airlines Ltd will reward staff with a bonus payout worth almost eight months of ...
Sentiment
MAHB shares fall as investors cautious about privatisation deal
KUALA LUMPUR (May 16): Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare ...
Sentiment
SoftBank Corp aims to help call centre workers by 'softening' angry customer calls with AI
TOKYO (May 16): Dealing with irate customers can be extremely stressful for call centre workers but ...
Sentiment
Hybrids delivering cash chest for Toyota, Honda’s EV ambitions
(May 16): When Toyota Motor Corp introduced the world’s first hybrid gasoline-electric vehicle in 19...
Sentiment
IJM, partner secure eight central London sites for development
KUALA LUMPUR (May 16): IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM...
Sentiment
Glove counters surrender gains amid heavy trade as analysts advise investors to stay vigilant
KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday as analysts advised ...
Sentiment
Mavcom revokes Air Service Licence of My Jet Xpress Airlines
KUALA LUMPUR (May 16): The Malaysian Aviation Commission (Mavcom) has revoked the Air Service Licenc...
Sentiment
TSMC says no damage to its Arizona facilities after incident
TAIPEI (May 16): Taiwanese chipmaker TSMC said on Thursday that there was no damage to its facilitie...
Sentiment
IBM to add 800 AI-related jobs in Ireland
DUBLIN (May 16): IBM plans to hire up to 800 more people in Ireland to help build advanced software ...
Sentiment
Apex Healthcare shares extend decline after 1Q results
KUALA LUMPUR (May 16): Shares of Apex Healthcare Bhd (KL:AHEALTH) on Thursday fell again and are on ...
Sentiment
Rakuten Trade: Glove stocks rally a knee-jerk euphoria, investors advised to stay vigilant
KUALA LUMPUR (May 16): Rakuten Trade said trading in rubber glove stocks took the limelight on Wedne...
Sentiment
Mitrajaya surges to over eight-month high amid active trade after contract win
KUALA LUMPUR (May 16): Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more tha...
Sentiment
ECA Integrated Solution eyeing a technical rebound, says RHB Retail Research
KUALA LUMPUR (May 16): RHB Retail Research said ECA Integrated Solution Bhd (KL: ECA) is eyeing a te...
Daily Sentiments
102 News articles
49
Positive
36
Neutral
17
Negative
102 News articles
Positive
49
Neutral
36
Negative
17