AHAM Asset Management Bhd (AHAM Capital) said it had made significant headway since embarking on its public cloud transformation project, particularly in reducing cloud connectivity latency by over 50%.

AHAM Capital has made significant headway with cloud transformation project

In December 2022, Negeri Sembilan Yang di-Pertuan Besar Tuanku Mukhriz Tuanku Munawir officiated the launch of the book Upholding The Federal Constitution: The Judicial Thoughts of Dato’ Seri Hishamudin Yunus, a retired Court of Appeal judge, and now consultant at the law firm Rosli Dahlan Saravana Partnership.

Former judge Hishamudin on the Federal Constitution, justice and the judiciary

KUALA LUMPUR (April 11): The chief scientist of Sinopharm's subsidiary China National Biotec Group (CNBG) urged the elderly and those with chronic diseases to accept booster shots, as the move has proven effective in protecting them from severe cases and deaths in the face of Omicron.

I...

Global Times: Booster shots still effective in preventing deaths from Omicron, says Sinopharm scientist

KUALA LUMPUR (June 5): Alliance Bank Malaysia Bhd, backed by Singapore’s Temasek Holdings Pte, is counting on small and medium-sized enterprises to jump-start its loan growth this financial year, a top executive said.

The bank, Malaysia’s smallest by assets, is targeting loan growth of ...

Alliance Bank plans to boost lending to small Malaysian firms

SINGAPORE (May 23): The long-haul arm of AirAsia Group Bhd may restart flights to Europe in one and a half years from now, AirAsia X CEO Benyamin Ismail says in a Bloomberg TV interview with Haidi Lun and Rishaad Salamat.

* “We are waiting for the new aircraft probably toward the tail e...

AirAsia X may resume Europe flights in year and half from now

DRESDEN, Germany (Feb 22): Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal.

VW, which has regained the status of th...

VW looks to east Germany in switch to electric cars

TOKYO (Feb 6): Japan's former currency czar Eisuke Sakakibara said the US dollar could fall below 100 yen by year-end on US President Donald Trump's perceived support for a weak US dollar, but cautioned that any yen-selling intervention by Tokyo might be counterproductive.

Sakakibara, w...

Japan's Mr Yen says US dollar could fall below 100 yen by end-2017

DAVOS, Switzerland (Jan 17): China's richest man, Wang Jianlin, said on Tuesday his Dalian Wanda group has earmarked US$5 billion–US$10 billion each year for outbound investment, focusing on entertainment and sports.

The billionaire property tycoon-turned-entertainment mogul, speaking t...

China's richest man says earmarks US$5b–US$10b a year for outbound investment

SYDNEY (Oct 31): Australia's competition regulator will closely monitor any plans that involve the nation's big banks buying up smaller financial technology rivals or striking blockchain cooperation deals, Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said on Monday....

Australia regulator on lookout for big banks buying fintech startups

KUALA LUMPUR (Sept 2): CIMB Group Holdings Bhd chairman Nazir Razak pointed out that a lack of political will and public acceptance is hampering planned regional economic integration.

He told Nikkei Asian Review in an interview that the private sector in Southeast Asia under the leaders...

Nazir: private firms should push harder to achieve a single economic market

KUALA LUMPUR (May 3): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday:

Boustead Heavy Industries Corp Bhd’s (BHIC) planned disposal of its 20.77% stake in Lumut Naval Shipyard Sdn Bhd (Lunas) to the Ministry of F...

BHIC, Berjaya Corp, F&N, Pestech, PetGas, XOX, TT Vision, Uzma, SLP, WTK, Ranhill Utilities and Sarawak Cable

A weekly round-up of tanker and dry bulk market (May 3, 2024)

Baltic Exchange shipping updates: May 3, 2024

Seventy-eight property owners in Hatten Square, Melaka, have obtained a summary judgement from the High Court there against the main developer, MDSA Development Sdn Bhd, which requires the company to pay them RM2.009 million in rental arrears for a mix of commercial and residential units, and the return of RM591,143.90 as payment for refurbishments that were never done.

Judge Mohd Radzi Abdul Hamid allowed the plaintiffs' application for a summary judgment as he ruled that there was no arguable case.

78 property owners obtain summary judgment against Hatten Square developer over unpaid rents, non-existent refurbishments

The Road Transport Department (RTD) has issued a recall notice for 600 units of Chery's Omoda 5 model vehicles, effective immediately, in response to a widely circulated incident on social media that occurred on April 28.

In a statement, the RTD announced that they have summoned Chery Corporate Malaysia Sdn Bhd to conduct a thorough investigation and gather additional information to ensure the safety of both vehicle owners and road users.

RTD issues immediate recall of 600 Chery Omoda 5 SUVs

The housing problem that has plagued 245 families involving five estates in Bestari Jaya (formerly Batang Berjuntai) in Hulu Selangor for decades will finally be resolved in the near future.

Housing and Local Government Minister Nga Kor Ming said the government will announce good news next week in relation to the estate workers who had been evicted without a home to live in.

Nga: Govt to announce good news on housing issue involving five estates in Bestari Jaya

Prime Minister Datuk Seri Anwar Ibrahim has never sidelined the Indian community in this country. In fact, he has increased allocations for them, said Deputy Entrepreneur Development and Cooperatives Minister Datuk R Ramanan.

Ramanan said that additional funds, such as RM30 million for the SPUMI Financing Scheme (SPUMI Goes Big) and a special fund of RM50 million from Amanah Ikhtiar Malaysia (AIM) for the Prosperty, Empowerment & New Normal For Indian Women (PENN) programme, set to benefit over 10,000 Indian women entrepreneurs, could not have been realised without the prime minister’s mandate.

PM has never sidelined Indian community, says Ramanan

Minister of Housing and Local Government Nga Kor Ming is ready to cooperate with the Election Commission (EC) in connection with complaints regarding the announcement on the allocation of RM5.21 million to the Hulu Selangor Municipal Council (MPHS).

He said the complaint, lodged by Perikatan Nasional (PN) that the announcement he made ahead of the Kuala Kubu Baharu (KKB) state by-election, should not have been an issue as it wasn't made during the campaign period.

KKB polls: Nga ready to cooperate with EC over allocation announcement

Foreign Minister Datuk Seri Mohamad Hasan will lead the Malaysian delegation as the representative of the Prime Minister Datuk Seri Anwar Ibrahim to the 15th Session of the Islamic Summit Conference in Banjul, The Gambia, scheduled for two days from May 4.

Foreign minister to represent PM at 15th Islamic Summit Conference in Banjul

Communications Minister Fahmi Fadzil said the government is aware of the need to reflect on many factors in balancing efforts to ensure press freedom while also combating defamation and the spread of false information.

Press freedom index: Govt to analyse report, formulate more robust efforts

The Umno Supreme Council which met on Friday has pledged to offer its full commitment to assist and support Pakatan Harapan (PH) candidate Pang Sock Tao who is representing the Unity Government in the Kuala Kubu Baharu by-election.

Umno secretary-general Datuk Dr Asyraf Wajdi Dusuki in a statement said the party will fully mobilise its election machinery from all divisions in Selangor and states led by the party.

Umno to mobilise machinery to assist, support Unity Govt's candidate in KKB by-election

Naza Corp Holdings Sdn Bhd has completed the acquisition of a 100% stake in Berjaya Enviro Holdings Sdn Bhd (BEnviro) from Berjaya Corp Bhd for RM700 million in cash, marking its entry into the green economy with a focus on municipal and scheduled waste, as well as the waste-to-energy sector.

Naza completes acquisition of waste management company from Berjaya for RM700m cash 

Malaysia’s commitment to building its 5G network has given the country a world-class digital infrastructure, according to Telefonaktiebolaget LM Ericsson president and chief executive officer Börje Ekholm.

Ericsson CEO hails Malaysia’s ‘world-class’ digital infrastructure

Ranhill Utilities Bhd has declared a share dividend distribution on a basis of 0.5 share for every 100 shares held in the utility group.

Ranhill declares share dividend distribution

KUALA LUMPUR (May 3): There will be no water supply cut for multiple areas in Selangor, as the&nbsp;Sungai Selangor Water Treatment Plant (WTP) Phase 1 (SSP1) maintenance works originally slated to be carried out from May 14 to 16 have been postponed.

Air Selangor: Phase 1 of river water treatment plant’s maintenance works postponed, no supply cut

KUALA LUMPUR (May 3): Fraser &amp; Neave Holding Bhd (F&amp;N) said on Friday that the company will focus on fixed asset optimisation over the next three years, after having allocated more than RM3 billion in capital expenditure (capex) and development of its integrated farm in Gemas.

F&N to focus on sweating off its assets after investing RM3b in capex and development

Ranhill Utilities Bhd will cooperate with the Malaysian Anti-Corruption Commission (MACC) throughout an investigation involving its employees, it said on Friday.

“We are alarmed and take serious note of the matter. We shall cooperate fully with MACC in its investigation if required,” Ranhill said in a bourse filing.

Ranhill to cooperate with MACC over bribery probe on employees

The US Treasury Department's top sanctions official will travel to Singapore and Malaysia next week, a source familiar with the matter told Reuters, as Washington seeks to combat funding for Iran and its proxy groups as well as evasion of its sanctions on Russia.

Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions

The country faces higher imports of gas energy for electricity use in the coming years if it continues to depend on the commodity without efforts to accelerate the transition to more sustainable energy.

Rafizi warns of hike in gas imports for electricity without switch to sustainable energy

Individuals who have fallen victim to fraudulent investment schemes risk losing the right to recover their money even after going through the legal avenue.

Bukit Aman: Victims of investment scams won’t be able to recoup losses

KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.

UUE signs underwriting deal with M&A Securities for ACE Market IPO

KUALA LUMPUR (May 3): Fresh vegetables wholesaler and distributor Farm Price Holdings Bhd, which is set for listing on the ACE Market of Bursa Malaysia on May 14, said on Friday that its initial public offering (IPO) had been oversubscribed by 91.35 times.

ACE Market-bound Farm Price’s IPO oversubscribed by 91.35 times

In a majority decision, the Federal Court has dismissed a woman's final challenge to change her religious status as a Muslim.

Top court dismisses woman's attempt to change religious status

GEORGE TOWN (May 3): China Southern Airlines plans to double its weekly flights from Guangzhou, China to Penang, increasing from seven to 14, starting June 20.

China Southern Airlines to double weekly flights to Penang starting June 20

Ocean Fresh Bhd has signed an agreement with KAF Investment Bank (KAF IB) to underwrite the frozen seafood company’s initial public offering (IPO) on the ACE Market.

Ocean Fresh inks underwriting agreement with KAF IB for ACE Market IPO

The Penang High Court on Friday dismissed former Penang chief minister Lim Guan Eng, his wife Betty Chew Gek Cheng, and businesswoman Phang Li Koon’s attempt to strike out their graft and money-laundering charges.

Double jeopardy does not apply, Penang court rules in dismissing Guan Eng, wife and Phang's challenge on graft charge

KUALA LUMPUR (May 3): Muar Member of Parliament (MP) Syed Saddiq Syed Abdul Rahman is seeking a judicial review against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations for his constituency.

Syed Saddiq seeks judicial review against PM, govt over unpaid allocations

theedgemalaysia.com highlighted 11 stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Two stocks showed positive momentum while nine stocks showed negative momentum.

Jiankun, Success Transformer, Ajinomoto, Aneka Jaringan, GHL, Gopeng, Mitrajaya, MMM, Sapura Resources, United U-Li, YLI

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

EVENING 5: Five things you need to know today

Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile.

Investors flood into Taiwan ETFs on AI boom, unnerving some

SHAH ALAM (May 3): The majority of family members and next of kin involved in the process of moving 90 graves in the Klang Strait Muslim Cemetery agreed with the decision to exhume and relocate the graves, said Selangor Menteri Besar Datuk Seri Amirudin Shari.

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