Reckitt Benckiser Group Plc said consumers are back shopping for brands again as the maker of Lysol cleaning products affirmed its outlook.

Reckitt sales defy forecast as consumers return to brands

Swedish automaker Volvo Cars said on Wednesday it expects good demand for its vehicles this year after a rise in first-quarter unit sales, though operating earnings missed forecasts due to lower revenues and losses at its Polestar business.

Volvo Cars sees good demand this year after higher 1Q unit sales

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

TOKYO (April 24): Japan's Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points, as investors continued to snap up tech-related shares.

Japan's Nikkei closes above 38,000 points as tech shares soar

KUALA LUMPUR (April 24): The digitalisation strategic plan will be updated in line with digital transformation goals, said Deputy Digital Minister Datuk Wilson Ugak Kumbong.

Digitalisation strategic plan to be in line with digital transformation goals — deputy minister

Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against selling linked to global risk aversion and a delay in the expected timing of any US policy easing.

Indonesia's central bank delivers surprise rate rise to support rupiah

Investors rejected Woodside Energy Group Ltd’s climate strategy in an advisory vote as Australia’s largest energy company attempts to trim emissions while also expanding production of oil and natural gas.

Investors revolt on climate as Woodside adds more oil, gas

More to come

Read also:
MB's son among six remanded over document forgery, false claims involving RM600,000
...

Perlis MB knows about son's arrest, leaves it to MACC to investigate

The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the baht while the current policy rate is robust and conducive to economic recovery, central bank officials said on Wednesday.

Thai central bank intervenes to ease baht volatility, says policy rate 'robust'

COLOMBO (April 24): Iran's President Ebrahim Raisi arrived in Sri Lanka on Wednesday for a brief state visit aimed at strengthening ties, during which he will also open a US$514-million hydropower project.

Iran's Raisi arrives in Sri Lanka to foster ties, open hydropower project

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

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

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

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

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?

What’s next for 5G deployment in Malaysia?

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

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.

MyEG inks partnership to launch Hong Kong virtual assets

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;

Telco shares lift Bursa higher at midday

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

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

NationGate may extend upward trajectory, says Rakuten Trade 

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.

Fernandes to be CEO of Capital A for another five years

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.

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

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.

Asian shares jump on tech boost; fragile yen on intervention watch

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.

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

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

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

Tesla to accelerate launch of cheaper cars after sales miss

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.

Bursa opens higher, tracking overnight Wall Street

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.

Sunway Putra Hotel KL commences refurbishment of its lobby

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.

Wall Street closes higher as investors digest earnings, megacap outlook

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

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

IJM Land Bhd’s Riana Trees Residences, the third phase of the Pantai Sentral Park development, was launched on June 24 and has since achieved a take-up rate of 50%.

Chief operating officer Datuk Tony Ling says the majority of the buyers are aged between 26 and 36 and are from the Klang ...

IJM Land’s Riana Trees Residences in Pantai Sentral Park 50% taken up

Last week’s tragedy in which an aircraft en route to Sultan Abdul Aziz Shah Airport (Subang airport) crashed onto a nearby highway shortly before landing, has renewed scrutiny of a plan to bring jets back into service at the airport.

In the Thursday incident, all eight persons on board ...

Frankly Speaking: Plan to bring jets back to Subang now in focus

STATE-owned investment fund Permodalan Nasional Bhd (PNB) is believed to be making a decision on its 65.56% stake in UMW Holdings Bhd soon, most likely this week, according to sources privy to the matter.

It is not known at press time what the decision might be — whether to merge the au...

PNB to decide on UMW soon 

CGS-CIMB RESEARCH (AUG 7): We think Muhibbah is a prime beneficiary of a revival in global travel, particularly by Chinese tourists. It owns an effective 21% stake in Cambodia Airports (SCA), the holder of the concessions for the Siem Reap, Phnom Penh and Sihanoukville airports, ...

Brokers Digest: Local Equities - Muhibbah Engineering (M) Bhd, PIE Industrial Bhd, Sunview Group Bhd, Solarvest Holdings Bhd

The initial public offering (IPO) market has been extremely robust over the past two years, being a key catalyst for the local bourse after the broader stock market craze at the height of the pandemic subsided.

Quite a number of new listings this year, which were predominantly on the AC...

Frankly Speaking: Buyer beware

COME Monday, Aug 14, the results of the six state elections are anticipated to be just a blip on the radar screen of Bursa Malaysia as investors are expected to focus more on the greater economy. That is unless key states Selangor and Penang fall into the hands of Perikatan Nasional (PN).

...

State polls’ impact temporary, go for defensive stocks, say fund managers, analysts

Rich nations have contributed most to the current climate crisis. They are primarily responsible for the historical emissions and greenhouse gas (GHG) accumulation of the last two centuries.

Developing countries, especially in the tropics and subtropics, are the main victims of global w...

My Say: World Bank climate finance plan of little help and unfair

About two months after Hextar Technologies Solutions Bhd (HexTech) announced a land disposal to SWS Capital Bhd for RM23.66 million, both parties have mutually agreed to terminate the deal last week.

The cause for the cancellation was SWS Capital’s failure to obtain financing to acquire...

Frankly Speaking: Deal termination puts Eddie Ong in limelight again

Puncak Niaga Holdings Bhd has seen better days. It used to be the leading water concessionaire in Selangor, and perhaps even the country.

The collapse of the Umno-led Barisan Nasional government in Selangor in 2008 was the start of its downfall. Today, the company is a pale shadow of it...

The Edge Malaysia

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