<div class="video_thumbnail ceonothumb mx-auto pb-5">
<div><a class="mobx" data-poster="https://assets.theedgemarkets.com/TEM%20THUMBNAIL%20FINAL_513.jpg?K6w.Iqb5msVE.zwq9afAIjDHEzVEWy7I" data-rel="ceolightbox" href="https://www.dailymotion.com/embed/video/x86r0we?autoplay=1"><img alt="" class="imgw-840" src="https://assets.theedgemarkets.com/TEM%20THUMBNAIL%20FINAL_513.jpg?K6w.Iqb5msVE.zwq9afAIjDHEzVEWy7I" /> <icon class="fa fa-play play-btn"></icon> </a></div>

<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: Maybank’s Abdul Farid to step down</p></div>
</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Maybank CEO Datuk Seri Abdul Farid Alias will be stepping down <a href="https://www.theedgemarkets.com/article/abdul-farid-step-down-maybank-ceo-upon-expiry-contract-aug-1" target="_blank">once his contract expires on August 1</a>.</p></div>

<div class=newsTextDataWrapInner><p>2. AirAsia Group wants to <a href="https://www.theedgemarkets.com/article/air-asia-proposes-name-change-capital-bhd" target="_blank">change its name to Capital A</a>, a move that is subject to shareholders’ approval.</p></div>

<div class=newsTextDataWrapInner><p>3. Serba Dinamik Holdings expects to issue its FY21 financial report by <a href="https://www.theedgemarkets.com/article/serba-expects-fy21-annual-report-be-out-jan-6" target="_blank">this coming Thursday (January 6)</a>.</p></div>

<div class=newsTextDataWrapInner><p>4. Supermax’s <a href="https://www.theedgemarkets.com/article/supermax-rolls-out-new-foreign-worker-management-policy-strengthen-human-resources-and" target="_blank">new foreign worker management policy</a> includes an equal pay structure for both its Malaysian and migrant staff.</p></div>

<div class=newsTextDataWrapInner><p>5. Senheng New Retail, which will be listed on Bursa Malaysia on January 25, <a href="https://www.theedgemarkets.com/article/senhengs-3q-net-profit-falls-22-rm107m-first-prelisting-earnings-release" target="_blank">posts a 22% fall in 3QFY21 earnings</a>.</p></div>


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

EVENING 5: Five things you need to know today

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.

Telco shares lift Bursa higher at midday

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

For TikTok, the clock has started running in its existential fight to avoid a US ban.

US ban on TikTok looms with Biden poised to start 270-day countdown

It has been a volatile and strange month in the markets. Gold prices crossed an all-time high of over US$2,400 per ounce after Iran launched 350 drones and missiles against Israel, having just crossed US$2,000 earlier in the month. The US 10-year Treasuries yield went back up to 4.6% per annum, w...

Condivergence: Heed Dimon’s view on how financial regulators must support growth

The original Canary Wharf estate has become a poster child for the problems facing office landlords. Ageing buildings, the new demands of flexible work and a banking industry upended by the global financial crisis have led to a steady drumbeat of shrinking demand and departing tenants over the past months.

Canary Wharf landlords face mixed challenges

BENGALURU (April 24): Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.

The Economic Times said in a report that if the deal went through, V...

India's Airtel says not in talks to buy Vodafone UK's Indus Towers stake

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>




Najib's 1MDB-Tanore trial live reporting (April 24)

<p>With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?</p>


What’s next for 5G deployment in Malaysia?

<p>Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.</p>


NationGate may extend upward trajectory, says Rakuten Trade 

<p>E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.</p>


MyEG inks partnership to launch Hong Kong virtual assets

<p>Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.</p>

<p>The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.</p>


<p>Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>


Tesla to accelerate launch of cheaper cars after sales miss

<p>Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.</p>


DXN climbs over one-month high, analysts see positive outlook

<p>Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>


Stocks gear up for Big Tech earnings; yen touches multi-year lows

<p>Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.</p>


<p>Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.</p>


Bursa opens higher, tracking overnight Wall Street

<p>US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.</p>


Wall Street closes higher as investors digest earnings, megacap outlook

<p>Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.</p>


<p>Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.</p>


Haily shares near all-time high after securing RM109.5m housing job

<p>Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.</p>


Meta Bright lands solar supply deal after forming JV company with Doople

<p>RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.</p>


Censof observing technical breakout, says RHB Retail Research 

<p>The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.</p>


Ringgit rebounds on softer US dollar after PMI data

<p>Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;</p>


<p>One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.</p>


<p>This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.</p>


Xi’s armada is winning the battle for energy in South China Sea

<p>Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.</p>
