A mistake was made in an article on page 20 of the Newsmakers pullout in the latest issue of The Edge Malaysia weekly (Issue 1504, Dec 25, 2023), where it was wrongly stated that Berjaya Corp Bhd had in November 2023 emerged as the controlling shareholder of Salcon Berhad with a 14.54% stake. Berjaya is the single largest shareholder, and not the controlling shareholder of Salcon, which has three other long-time substantial shareholders and partners — Tan Sri Tee Tiam Lee (12.55%), Datuk Leong Kok Wah (10.58%) and Datin Goh Phaik Lynn (10.58%).

We apologise for the error.

Correction to article on Salcon

AwanBiru Technology Bhd (AwanTec), formerly known as Prestariang Bhd, saw its net loss in the first financial quarter ended Sept 30, 2021 (1QFY22) widen to RM1.68 million from RM968,000 a year ago on lower revenue.

Quarterly revenue declined by almost 67% to RM11.76 million from RM35.5 million due to lower revenue generated from its software & services and talent segments, according to the bourse filing to Bursa Malaysia.

AwanBiru 1Q net loss widens on lower revenue

This article has been updated to reflect that retailers could lose up to 30%-40% of their annual revenue from the tobacco excise tax in duty-free areas.

Retailers could lose up to 30%-40% of their annual revenue from the tobacco excise tax in duty-free areas.

In a statement today, the Langkawi Chinese Chamber of Commerce urged the government to reconsider imposing excise tax on cigarettes in all duty-free areas.

Retailers could lose up to 30%-40% of annual revenue from tobacco excise tax in duty-free areas, says chamber

Citigroup strategists downgrade AirAsia Group Bhd to neutral from buy and raise their price estimate to RM3.01 from RM2.92 as they expect dividend yields to generate 5.6% total return.

Citi downgrades AirAsia to neutral; raises price target by 3%

KUALA LUMPUR (May 23): In an earlier article based on a report by Frost & Sullivan entitled “New Government in Malaysia — Implications for the Energy Sector” issued on May 22, any link between its analysis of a review of government policies on the energy sector to the decline in the prices of...

Correction on article quoting Frost & Sullivan’s Malaysia energy sector report

SINGAPORE (Jan 15): Singapore eDevelopment, previously known as CCM Group, says it is expecting to report a loss for FY2015 ended December.

The group attributed this to development costs and operating expenses incurred for Hotapp. Its major property development projects, Ballenger Run a...

Singapore eDevelopment expects losses for FY2015

We refer to the article published on Nov 3, 2015 "Hibiscus unaware of reason behind UMA",  which stated that Affin Hwang had forced sold Hibiscus shares owned by its clients because of margin calls. We have now established that while there were some forced selling of Hibiscus shares due to m...

Hibiscus unaware of reason behind UMA

SINGAPORE (June 3): M1, Singapore’s smallest telco, has the best 4G connectivity of the three operators, according to an inaugural survey of some 4,000 users conducted by Infocomm Development Authority (IDA).

M1 users took an average of 35.4 milliseconds to set up a local connection on ...

M1 pips bigger rivals in connectivity, data download speed, IDA data shows

Our report "Sarine Technologies price target cut 5.7% to $2.98 by Maybank Kim Eng" on March 6 was based on a research note dated Nov 10, 2014, and does not reflect the broking house's latest views. Maybank Kim Eng's current price target is $3.13. It has a "buy" recommendation. The error ...

Sarine Technologies kept at "buy" with $3.13 target by Maybank Kim Eng

SINGAPORE (Feb 4): Different retirement sums for different needs, an option to withdraw up to 20% of savings in a lump sum, and a choice to defer withdrawal in exchange for higher monthly payouts.

These are some of the recommendations released today by a government-appointed panel set u...

Advisory panel unveils recommendations to improve CPF system

(ITS corrects volumes for Nov. 1-20 to 837,659 tonnes from 837,329 tonnes)

    
KUALA LUMPUR (Nov 20): Exports of Malaysian palm oil products for Nov. 1-20 fell 6.4 percent to 837,659 tonnes from 894,697 tonnes for Oct. 1-20, cargo surveyor Intertek Testing Service...

Malaysia's Nov 1-20 palm oil exports down 6.4 pct m/m -ITS

Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

Positive economic achievements prove Sabah govt's commitment, says Hajiji

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Scientex aims to build 50,000 affordable housing units by 2028

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Madani govt committed to eradicating hardcore poverty in Sabah, says Anwar

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Selangor Sultan officiates launch of S P Setia’s LakePoint Complex at Setia AlamImpian

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Selangor Sultan conveys condolences to Tun Hanif Omar’s family

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Kuala Kubu Baharu by-election: PN to hold supreme council meeting on Monday

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Correction

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