What appears to be a common partnership between landowner and developer to develop a parcel of land has turned out to be a transaction where there is more than meets the eye.

Frankly Speaking: YNH raises eyebrows again

The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.

Frankly Speaking: Best chance for Cap A and AAX

Gadang Holdings Bhd recently announced that the Economic Planning Unit (EPU) had rejected its application to waive the 30% bumiputera equity requirement for its acquisition of 21.08 acres of land in Kwasa Damansara for RM114.78 million.

Frankly Speaking: When to set aside bumi equity rule

Last week, Communications Minister Fahmi Fadzil said a memorandum of understanding will be signed between the Malaysian Communications and Multimedia Commission and the Malaysian Investment Development Authority in a bid to accelerate the adoption of 5G networks, particularly by micro, small and medium enterprises (MSMEs).

Frankly Speaking: Accelerate 5G adoption via competitive pricing

The crux of the matter between AwanBiru Technology Bhd (Awantec) and Bursa Malaysia is the sustainability of the former’s business.

Frankly Speaking: AwanBiru not on cloud nine

Last Friday, financial services provider Malaysian Industrial Development Finance Bhd (MIDF) announced that it had reported a recent cybersecurity incident to the relevant authorities and stated that it was collaborating closely with them on addressing the matter.

Frankly Speaking: Corporates must do more to prevent data breaches and hacks 

Edelteq Holdings Bhd’s employees must be jumping for joy. The company has proposed to set up an employees’ share option scheme (ESOS) of up to 30% of its issued share capital.

Frankly Speaking: Edelteq’s staff will need to work hard to justify sizable ESOS

The unity government, in just over a year since it was formed, has unveiled a few master plans, such as the New Industrial Master Plan 2030, the National Energy Transition Roadmap and the Halal Industry Master Plan. Now another one is on its way — a comprehensive semiconductor strategic plan that Prime Minister Datuk Seri Anwar Ibrahim said will be announced by the Ministry of Investment, Trade and Industry.

Frankly Speaking: Don’t just plan, let’s make sure we get it right

The controversy triggered by the emergence of Datuk Farhash Wafa Salvador — a former political aide of Prime Minister Datuk Seri Anwar Ibrahim — as a substantial shareholder of HeiTech Padu Bhd, seemed to have caught Farhash and some in government by surprise.

Frankly Speaking: The new reality

It is often during festive periods that one sees the best of Malaysians. This Hari Raya season, like the ones before, promises a slew of open houses by politicians, corporates and regular folk.

Frankly Speaking: A timely reminder to stay united

It is not often that Malaysia is mentioned on the global stage as a “surprise winner” in the US-China fight for technology supremacy in the semiconductor sphere.

Frankly Speaking: A dire need to maintain E&E edge

Sunzen Biotech Bhd announced last week that it was exiting the animal health products business, leaving it to focus on loan financing and the human health and wellness segments.

Frankly Speaking: Ensuring viability of ventures

Vsolar Group Bhd’s balance sheet as at Dec 31, 2023 did not indicate any urgency to raise fresh funds given that it had net cash of RM25 million and zero debt.

Frankly Speaking: Why undertake rights issue when swimming in cash?

Bank Negara Malaysia’s statement last Tuesday demanding a thorough explanation from Malayan Banking Bhd and CIMB Group Holdings Bhd (not named in the statement but the giveaway was “two of our largest banking institutions”) for recent outages of their services is a surprising but much needed move to ensure accountability to thousands of customers for disruptions that inconvenienced them.

Frankly Speaking: Bank Negara move ensures accountability

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

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