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Sentiment

Govt to strengthen collaboration with TNB, Energy Commission for renewable energy integration

PETALING JAYA: The government will strengthen collaboration with Tenaga Nasional Bhd (TNB) and the E...

Sentiment

Bina Puri, Pos Malaysia, Petronas Gas, Sarawak Oil Palms, Chin Teck Plantations, CTOS Digital, UEM Edgenta, Taghill, Catcha Digital, Astro Malaysia, Iskandar Waterfront City Bhd and Key Alliance

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

Source: TheEdge

Sentiment

Liew Choon Lian ceases to be substantial shareholder in Systech

KUALA LUMPUR (April 25): Liew Choon Lian has ceased to be a substantial shareholder in Systech Bhd (...

Source: TheEdge

Sentiment

Bitcoin outpaces stocks in biggest weekly gain since US election

(April 25): Bitcoin’s leading a rebound in risk assets, with the original digital currency on pace f...

Source: TheEdge

Sentiment

Microsoft to contract out more software selling in the age of AI

(April 25): Microsoft Corp is planning to use third-party firms to handle more sales of software to ...

Source: TheEdge

Sentiment

IWCity seeks another six-month extension to deliberate IWH merger

KUALA LUMPUR (April 25): Iskandar Waterfront City Bhd (KL:IWCITY) has requested another six months f...

Source: TheEdge

Sentiment

LYC Healthcare settles RM600,000 outstanding payment with winding-up petitioner

KUALA LUMPUR (April 25): ACE-Market listed LYC Healthcare Bhd (KL:LYC) has made the full payment of ...

Source: TheEdge

Sentiment

Bursa reprimands Reach Energy, fines six directors over PN17 disclosure delay

KUALA LUMPUR (April 25): Bursa Malaysia Securities Bhd has publicly reprimanded Reach Energy Bhd (KL...

Source: TheEdge

Sentiment

Baltic Exchange shipping updates: April 25, 2025

A weekly round-up of tanker and dry bulk market (April 25, 2025) This report is produced by the Balt...

Source: TheEdge

Sentiment

Tencent Music in talks to buy Ximalaya for US$2.4b

(April 25): Tencent Music Entertainment Group is in advanced talks to buy Chinese podcasting startup...

Source: TheEdge

Sentiment

Farhash Wafa Salvador emerges as substantial shareholder in Key Alliance

KUALA LUMPUR (April 25): Key Alliance Group Bhd's (KL:KGROUP) executive chairman Datuk Wira Farhash ...

Source: TheEdge

Sentiment

Catcha Digital makes cash call to raise RM35.32 mil for acquisitions and reserves

KUALA LUMPUR (April 25): Catcha Digital Bhd (KL:CATCHA) is raising up to RM35.32 million through a r...

Source: TheEdge

Sentiment

Chin Teck Plantations' 2Q profit falls 16% on lower palm oil production, forex losses

KUALA LUMPUR (April 25): Chin Teck Plantations Bhd (KL:CHINTECK) said on Friday its second quarter n...

Source: TheEdge

Sentiment

KLCI stays steady above 1,500 points despite hacking incident, with tech stocks leading gains

KUALA LUMPUR (April 25): Bursa Malaysia stocks remained above the key 1,500-point psychological leve...

Source: TheEdge

Sentiment

Taghill bags RM494m construction contract in Bandar Sri Damansara

KUALA LUMPUR (April 25): Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, ann...

Source: TheEdge

Sentiment

BYD 1Q profit soars, beating Tesla on another metric

(April 25): BYD Co’s net income in the first quarter jumped to 9.15 billion yuan (US$1.3 billion or ...

Source: TheEdge

Sentiment

Petronas Gas resumes operations at Puchong City Gate in bid to restore gas supply

KUALA LUMPUR (April 25): In efforts to restore gas supply in areas affected by the Putra Heights’ bl...

Source: TheEdge

Sentiment

Bioalpha plans RM110 mil share capital reduction to eliminate losses

KUALA LUMPUR (April 25): Bioalpha Holdings Bhd (KL:BIOHLDG) has proposed a share capital reduction t...

Source: TheEdge

Sentiment

Astro reach RM115m tax settlement with IRB, no penalties imposed

KUALA LUMPUR (April 25): Astro Malaysia Holdings Bhd (KL:ASTRO) said on Friday that its subsidiaries...

Source: TheEdge

Sentiment

Trading account breach not widespread — Bursa Malaysia

KUALA LUMPUR (April 25): Bursa Malaysia Bhd (KL:BURSA) has clarified that the recent hacking inciden...

Source: TheEdge

Sentiment

UEM Edgenta secures RM735m in contracts to provide hospital services in Singapore

KUALA LUMPUR (April 25): UEM Edgenta Bhd has won contracts valued at S$220.48 million (RM735.23 mill...

Source: TheEdge

Sentiment

TCS Group’s new executive director Frankie Ng rises to second-largest shareholder after another share buy from founder

KUALA LUMPUR (April 25): TCS Group Holdings Bhd’s (KL:TCS) new executive director Datuk Frankie Ng K...

Source: TheEdge

Sentiment

Malakoff rooftop solar portfolio hits 60MW

KUALA LUMPUR (April 25): Malakoff Corp Bhd's (KL:MALAKOF) commercial and industrial rooftop solar po...

Source: TheEdge

Sentiment

Chinese AI startup Manus scores funding valued at US$500m — Bloomberg

(April 25): The Chinese startup behind Manus AI secured a round of financing led by US venture firm ...

Source: TheEdge

Sentiment

Audi Q7 starts local production in Malaysia, priced from RM469,000

KUALA LUMPUR (April 25): Audi's flagship sport utility vehicle (SUV), the Q7, has officially started...

Source: TheEdge

Sentiment

Upgrading of Ipoh Airport completed, says MAHB

KUALA LUMPUR (April 25): The Sultan Azlan Shah Airport (LTSAS) in Ipoh has completed its optimisatio...

Source: TheEdge

Sentiment

Automakers tout cinematic experiences and mini kitchens at Shanghai auto show

SHANGHAI (April 25): Car manufacturers looking to stand out in China's constantly innovating auto ma...

Source: TheEdge

Sentiment

JD.com’s delivery clash with Meituan may worsen US$70b rout

(April 25): While much of the world is focused on a volatile international trade war, two of China’s...

Source: TheEdge

Sentiment

Analysts slash Unisem earnings forecasts after 1Q miss amid tariff concerns

KUALA LUMPUR (April 25): Analysts have cut their earnings forecasts for semiconductor company Unisem...

Source: TheEdge

Sentiment

CTOS Digital group CEO Erick Hamburger to step down in September, 1Q net profit falls 31%

KUALA LUMPUR (April 25): CTOS Digital Bhd (KL:CTOS) announced that its group chief executive officer...

Source: TheEdge

Sentiment

Apple aims to build most iPhones for US in India by end of 2026, Bloomberg reports

(April 25): Apple Inc aims to import most of the iPhones it sells in the US from India by the end of...

Source: TheEdge

Sentiment

Intel CEO’s bid to revive company overshadowed by bleak outlook

(April 25): Intel Corp's Malaysian-born chief executive officer Lip-Bu Tan gave investors a stark di...

Source: TheEdge

Sentiment

China's Baidu says its Kunlun chip cluster can train DeepSeek-like models

BEIJING/SHANGHAI (April 25): China's Baidu has successfully "illuminated" a cluster comprising 30,00...

Source: TheEdge

Sentiment

Alphabet's sales exceed estimates on Google search ad business

(April 25): Google parent Alphabet Inc reported first-quarter revenue and profit that exceeded analy...

Source: TheEdge

Sentiment

Trump poised to offer Saudi Arabia over US$100b arms package — Reuters

WASHINGTON/RIYADH (April 24): The United States is poised to offer Saudi Arabia an arms package wort...

Source: TheEdge

Sentiment

Nintendo Switch 2 keeps up fast pace with US pre-order sellout

(April 25): Nintendo Co’s new Switch 2 console maintained strong momentum towards its summer release...

Source: TheEdge

Sentiment

Router maker TP-Link faces US criminal antitrust investigation — Bloomberg

(April 25): The US is conducting a criminal antitrust investigation into pricing strategies by TP-Li...

Source: TheEdge

Sentiment

Even Porsche can't find its lane in China as foreign automaker sales skid

SHANGHAI (April 25): Foreign automakers in China face an increasingly urgent challenge at this year'...

Source: TheEdge

Sentiment

Workers could save 122 hours a year by adopting AI in admin tasks, says Google

LONDON (April 25): Britain could gain 400 billion pounds ($533 billion) from AI-driven growth if it ...

Source: TheEdge

Sentiment

Hack-hit Bina Puri shares fall to 18-month low, short selling suspended

KUALA LUMPUR (April 25): Shares of Bina Puri Holdings Bhd (KL:BPURI) fell to an 18-month low, after ...

Source: TheEdge

Sentiment

CLSA launches structured warrants in Malaysia

KUALA LUMPUR (April 25): Foreign broker CLSA Securities Malaysia Sdn Bhd on Friday announced its ent...

Source: TheEdge

Sentiment

AirBorneo carries Sarawak's wish for better Asean connectivity, says Abang Johari

KUCHING (April 25): Sarawak’s very own airline, AirBorneo, which is scheduled to commence operation ...

Source: TheEdge

Sentiment

Hack hits Bina Puri as KLCI gains to track US rally amid rate cut hopes

KUALA LUMPUR (April 25): Bursa Malaysia’s equities opened higher on Friday, echoing the overnight st...

Source: TheEdge

Sentiment

Bursa Malaysia to open as usual amid investigation into online trading account breach

KUALA LUMPUR (April 25): Bursa Malaysia opened as usual on Friday, despite recent reports of unautho...

Source: TheEdge

Sentiment

EXIM Bank pulls out as lead arranger for Toyo Ventures' Vietnam power plant

KUALA LUMPUR (April 24): Toyo Ventures Holdings Bhd (KL:TOYOVEN), which is disputing the termination...

Source: TheEdge

Sentiment

ViTrox, Unisem, Atlan, Luxchem, Pantech Global, Chin Hin, Ajiya, Binastra, Magma, IGB REIT, IGB Commercial REIT, Steel Hawk, Perdana Petroleum

KUALA LUMPUR (April 24): Here is a brief recap of some business news and corporate announcements tha...

Source: TheEdge

Sentiment

MGRC redesignates Leong Yien Hung to executive chairman

KUALA LUMPUR (April 24): Malaysian Genomics Resource Centre Bhd (KL:MGRC) announced on Thursday the ...

Source: TheEdge

Sentiment

Lee Chong Wei among Magma's newly emerged substantial shareholders after land deal

KUALA LUMPUR (April 24): Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and prop...

Source: TheEdge

Sentiment

Morgan Stanley to sell final US$1.23b of X buyout debt

(April 24): Morgan Stanley launched a pivotal sale of the last bit of debt tied to Elon Musk’s buyou...

Source: TheEdge

Sentiment

Perdana Petroleum's unit sued over lost revenues after contract termination

KUALA LUMPUR (April 24): Perdana Petroleum Bhd (KL:PERDANA) said its wholly owned subsidiary Intra O...

Source: TheEdge

Sentiment

Binastra buys 40.8% stake in thermal energy firm, with an eye on gaining controlling stake

KUALA LUMPUR (April 24): Construction group Binastra Corporation Bhd (KL:BNASTRA) is buying a 40.8% ...

Source: TheEdge

Sentiment

Chin Hin completes 12.27% stake buy in Ajiya for RM54.2 mil

KUALA LUMPUR (April 24): Chin Hin Group Bhd (KL:CHINHIN) completed its purchase of an additional 12....

Source: TheEdge

Sentiment

Widespread hacks hit stock trading accounts in Malaysia

KUALA LUMPUR (April 24): A surge of complaints emerged on Thursday evening from investors across Bur...

Source: TheEdge

Sentiment

Reservoir Link appointed as panel contractor for light weight well testing services

KUALA LUMPUR (April 24): Energy-related services provider Reservoir Link Energy Bhd (KL:RL) has rece...

Source: TheEdge

Sentiment

Key Asic, UCrest appoint Morison as new external auditor to replace UHY

KUALA LUMPUR (April 24): Key Asic Bhd (KL:KEYASIC) and UCrest Bhd (KL:UCREST) have appointed Morison...

Source: TheEdge

Sentiment

ICT Zone sticks to 2Q ACE Market listing target, secures Malacca Securities, Kenanga IB as underwriters

KUALA LUMPUR (April 24): ICT Zone Asia Bhd (KL:ICTZONE) on Thursday inked an agreement with Malacca ...

Source: TheEdge

Sentiment

IGB REITs bring former CFO Chai Lai Sim out of retirement as new CEO

KUALA LUMPUR (April 24): IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estat...

Source: TheEdge

Sentiment

Kumpulan Jetson’s board faces third removal attempt since December 2023

KUALA LUMPUR (April 24): Kumpulan Jetson Bhd’s board faces a new removal attempt by minority shareho...

Source: TheEdge

Sentiment

Mayu Global redesignates Tan Kim Hee to non-executive director amid money laundering probe

KUALA LUMPUR (April 24): Mayu Global Bhd (KL:MAYU) has redesignated its executive director Tan Kim H...

Source: TheEdge

Sentiment

Coinbase waives fees on PayPal’s stablecoin in crypto payments push

(April 24): Coinbase, the largest publicly traded cryptocurrency exchange, is waiving fees on transa...

Source: TheEdge

Sentiment

Nissan sees record loss of up to US$5.26b as restructuring bites

TOKYO (April 24): Nissan Motor sees a record net loss of ¥700 billion to ¥750 billion (US$4.91 billi...

Source: TheEdge

Sentiment

AME REIT Q4 rental income rises to RM13m

JOHOR BHARU: Industrial REIT AME Real Estate Investment Trust (AME REIT) delivered a 4.6% growth in ...

Source: TheSun

Sentiment

Atlan’s 4Q net profit doubles on compensation from land acquisition

KUALA LUMPUR (April 24): Atlan Holdings Bhd’s (KL:ATLAN) fourth quarter net profit doubled, lifted b...

Source: TheEdge

Sentiment

Texchem back in the black in 1Q as restaurant division sees turnaround

KUALA LUMPUR (April 24): Texchem Resources Bhd (KL:TEXCHEM) returned to profitability after sufferin...

Source: TheEdge

Sentiment

Huawei raises record US$2.7b in Chinese debt issuance spree

(April 24): The parent of Huawei Technologies Co is tapping low borrowing costs in China’s credit ma...

Source: TheEdge

Sentiment

FX traders seen clinging to bearish dollar bets despite rebound

(April 24): Foreign exchange traders are battling to hold onto their bearish dollar positions after ...

Source: TheEdge

Sentiment

South Korea says DeepSeek transferred user data, prompts without consent

SEOUL (April 24): South Korea's data protection authority said on Thursday that Chinese artificial i...

Source: TheEdge

Sentiment

TNB doubles capex to RM42.9b to back energy transition efforts

KUALA LUMPUR (April 24): Tenaga Nasional Bhd (TNB)(KL:TENAGA) has more than doubled its budgeted cap...

Source: TheEdge

Sentiment

China's Leapmotor to supply EV platform to Hongqi, also in talks with Ferrari

SHANGHAI (April 24): Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver a...

Source: TheEdge

Sentiment

US dollar’s slide raising red flags for corporate earnings

(April 24): Rising tariffs and the weakening dollar are casting a shadow on companies’ profit guidan...

Source: TheEdge

Sentiment

IJM Corp acquires troubled UK builder for RM283m

KUALA LUMPUR (April 24): IJM Corporation Bhd (KL:IJM) has acquired a 50% stake in financially troubl...

Source: TheEdge

Sentiment

Volvo Cars appoints new CFO in latest management change

STOCKHOLM (April 24): Sweden-based Volvo Cars has appointed Fredrik Hansson as its new chief financi...

Source: TheEdge

Sentiment

Steel Hawk bags three-year splash zone maintenance job from Petronas Carigali

KUALA LUMPUR (April 24): Steel Hawk Bhd (KL:HAWK) has secured a three-year contract by Petronas Cari...

Source: TheEdge

Sentiment

Rhenus Group Strengthens LATAM Region as Blu Logistics Rebrands to Rhenus Logistics

MUMBAI, INDIA - Media OutReach Newswire - 24 April 2025 - The Rhenus Group, a global logistics solut...

Source: TheSun

Sentiment

LYC Healthcare gets winding-up petition

KUALA LUMPUR (April 24): ACE-market listed LYC Healthcare Bhd (KL:LYC) said it has been served with ...

Source: TheEdge

Sentiment

Ports to enforce overloading checks on lorries from July, says MOT

KUALA LUMPUR (April 24): The Ministry of Transport (MOT) will begin enforcing checks on lorries at f...

Source: TheEdge

Sentiment

Luxchem's 1Q net profit down 8.6% on higher operating cost

KUALA LUMPUR (April 24): Industrial chemicals and materials company Luxchem Corp Bhd’s (KL:LUXCHEM) ...

Source: TheEdge

Sentiment

International Space Port in Pahang expected to be completed in three to five years

KUANTAN (April 24): The development of the International Space Port in Pahang is expected to be comp...

Source: TheEdge

Sentiment

Unisem’s 1Q net profit down 29% amid margin pressure, expects better quarter ahead

KUALA LUMPUR (April 24): Unisem (M) Bhd (KL:UNISEM) began the financial year with a 29% decline in f...

Source: TheEdge

Sentiment

‘Made in Malaysia’: Online sellers bombarded with ways to evade tariffs

(April 24): Online merchants are being inundated with suspicious offers to help avoid paying US tari...

Source: TheEdge

Sentiment

Trump administration could ease tariffs targeting auto industry, Bloomberg reports

(April 24): The Trump administration is considering whether to reduce certain tariffs targeting the ...

Source: TheEdge

Sentiment

Taiwan's TSMC says cutting-edge A14 chip tech to start production in 2028

(April 24): Taiwan Semiconductor Manufacturing Co (TSMC) plans to begin production with its A14 fabr...

Source: TheEdge

Sentiment

ZUS Coffee to add 200 Southeast Asia stores in Starbucks duel

(April 24): Coffee shop operator Zuspresso Sdn Bhd plans to open nearly 200 new stores in Southeast ...

Source: TheEdge

Sentiment

U Mobile chooses CelcomDigi’s CT Sabah as fibre partner to support 5G roll-out in Sabah and Labuan

KUALA LUMPUR (April 24): U Mobile Sdn Bhd, the telco spearheading the development of Malaysia’s seco...

Source: TheEdge

Sentiment

Bursa’s 1Q net profit could decline as much as 27% amid weaker securities average daily value — CIMB

KUALA LUMPUR (April 24): Bursa Malaysia Bhd’s (KL:BURSA) net profit for the first quarter ended Marc...

Source: TheEdge

Sentiment

Zhipu AI ramps up overseas expansion strategy ahead of IPO

SINGAPORE (April 23): China's Zhipu AI is ramping up its overseas expansion through a partnership wi...

Source: TheEdge

Sentiment

China's Jetour to launch European car sales in third quarter

SHANGHAI (April 24): Chinese sport-utility vehicle maker Jetour plans to launch in some European mar...

Source: TheEdge

Sentiment

RHB cuts tech sector earnings amid volatile US trade policy that threatens capex, equipment demand

KUALA LUMPUR (April 24): RHB Investment Bank cautioned that inconsistent US trade policies could def...

Source: TheEdge

Sentiment

IBM says 15 contracts impacted by DOGE cost cuts, shares drop

MEXICO CITY/BENGALURU (April 23): International Business Machines (IBM) said 15 of its government co...

Source: TheEdge

Sentiment

Aerotrain completion timeline not affected by privatisation — MAHB chairman

KUALA LUMPUR (April 24): The timeline for completion of the aerotrain project at the Kuala Lumpur In...

Source: TheEdge

Sentiment

Cantor teams up with Tether, Softbank for US$3.6b crypto venture

LONDON/BENGALURU (April 23): Cantor Fitzgerald is launching a crypto venture with Tether and Japanes...

Source: TheEdge

Sentiment

Flyadeal confirms Airbus jet order for long-haul expansion

(April 23): Saudi budget carrier flyadeal on Wednesday confirmed a deal to order 10 Airbus A330neo w...

Source: TheEdge

Sentiment

Toyota invests US$88m in West Virginia plant to boost hybrid vehicle output

(April 23): Toyota Motor Corp is planning to spend US$88 million (RM386.41 million) at an engine fac...

Source: TheEdge

Sentiment

Ramssol, MCE, MN, United Plantations, IGB REIT, IGB Commercial REIT, Axis REIT, AME REIT, Sarawak Consolidated Industries, Iconic Worldwide

KUALA LUMPUR (April 23): Here is a brief recap of some business news and corporate announcements tha...

Source: TheEdge

Sentiment

UHY resigns as external auditor for Key Asic, UCrest

KUALA LUMPUR (April 23): Messrs UHY Malaysia PLT has resigned from its role as the external auditor ...

Source: TheEdge

Sentiment

Putrajaya Holdings partners Sunway Healthcare to develop advanced medical centre

KUALA LUMPUR (April 23): Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya, is partnerin...

Source: TheEdge

Sentiment

High-powered solar cells are poised to replace batteries

(April 23): The basic technology behind Ambient Photonics’s solar cells is so simple that it’s routi...

Source: TheEdge

Sentiment

Elon Musk-backed XPRIZE awards US$100m for carbon removal

(April 23): After four years, the XPRIZE has winnowed down a list of 1,300 companies to choose the w...

Source: TheEdge

Sentiment

SCIB clarifies suit against developer Awana JV over scrapped Perak project still on

KUALA LUMPUR (April 23): Sarawak Consolidated Industries Bhd (KL:SCIB) on Wednesday clarified that i...

Source: TheEdge

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144 News articles

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