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Mon, 20 Sep 2021
6:46 PM Merck to spend US$3.5b on electronics unit amid chip crunch
6:46 PM Dayang Enterprise's 2Q net loss widens year-on-year amid additional allowance...
6:35 PM GFM inks JV to upgrade highway rest area in Melaka
6:32 PM Regulators expected to OK Pfizer booster shots for older Americans this week
6:27 PM BP gambles big on fast transition from oil to renewables
6:26 PM F&B benemoth Nestle to invest 1.2bil Swiss franc on regenerative agriculture

KUALA LUMPUR: Nestlé, the world's largest food and beverage company, is investing 1.2 billion Swiss franc (RM5.39 billion) over the next five years to spark regenerative agriculture across its supply chain.
6:09 PM Thailand raises public debt ceiling to fight Covid-19 outbreak
6:09 PM World shares at one-month low, default fears stalk China Evergrande
6:01 PM MARC affirms AA+IS rating on TNB-owned Kapar power station operator’s sukuk
5:46 PM Safeguarding the road to 5G in Malaysia … but for whom?
5:39 PM After June quarter loss, Dayang expects Covid-19 easing and higher oil prices to lift Q3 results

KUALA LUMPUR: Dayang Enterprise Holdings Bhd, an oil and gas services firm, made a RM21.9mil loss in the April-June quarter, but expects its results in the coming third quarter to "improve considerably" amid on-going vaccination efforts and higher oil prices.
5:34 PM KLCI tumbles 20.62 points; over 900 stocks in red

KUALA LUMPUR: The FBM KLCI ended the day in red, dampened by across-the-board selling, bucking regional gains.
5:30 PM Global sukuk issuance projected to bounce back as early as 2022
5:23 PM Bursa Malaysia ends in red, KLCI falls 1.33%
5:22 PM YB Ventures resumes manufacturing operations after 600 workers vaccinated

KUALA LUMPUR: YB Ventures Bhd (YVB) has resumed its manufacturing operations in Kulai, Johor, following the completion of vaccinations for the company's 600 local and foreign operational workers.
tag stockYB -4.0%,
5:16 PM RHB contributes ICU ventilators to two Covid-19 hospitals

KUALA LUMPUR: RHB Banking Group, which has contributed over RM4mil towards the fight against Covid-19, has contributed Intensive Care Unit (ICU) ventilators to two hospitals in Selangor.
5:00 PM Hextar boss Eddie Ong likely to emerge as substantial shareholder of KIP REIT
4:34 PM AmBank Islamic wins three at Global Banking & Finance Awards 2021

KUALA LUMPUR: AmBank Islamic Bhd recently garnered three awards at the Global Banking & Finance Awards 2021.
4:24 PM Amazon vows ‘zero tolerance’ for graft after India probe report
4:21 PM Bursa share price, foreign shareholding fall to lowest in over a year
4:16 PM Indonesia clings to coal despite green vision for economy

JAKARTA: Even as Indonesia wins cautious praise from some green groups for ambitious plans to cut carbon emissions, the world's biggest exporter of thermal coal shows no sign of weaning itself off the polluting fuel any time soon.
4:06 PM MAHB, Maxis to co-develop digital transformation roadmap

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has partnered with Maxis Bhd to develop a digital transformation roadmap for smart airport operations.
tag stockMAXIS -1.1%, AIRPORT -1.2%,
4:03 PM HSS Engineers optimistic of achieving RM300 million contract target this year, says Affin Hwang

KUALA LUMPUR: HSS Engineers Bhd (HSSE) is confident of achieving a new contract worth about RM300 million this year in light of the government's plans to revive some mega infrastructure projects.
tag stockHSSEB 0%,
4:00 PM The State of the Nation: Uptick in inflation likely when full economic activity...
3:57 PM Sime Darby Property reopens sales galleries, resumes ops at all project sites
tag stockSIMEPROP -1.5%,
3:55 PM Lufthansa to raise US$2.5b to repay state bailout funds
3:49 PM Oil down on stronger greenback, rising U.S. rig count

SINGAPORE: Oil prices dropped on Monday, extending last week's losses after the U.S. dollar jumped to a three-week high and the U.S. rig count rose, although nearly a quarter of U.S. Gulf of Mexico output stayed offline in the wake of two hurricanes.
3:44 PM SSE says no break-up decision after report of Elliott pressure
3:43 PM CIMB Islamic rider entrepreneur programme to provide opportunities to asnaf, B40 communities

KUALA LUMPUR: The first batch of 33 CIMB Islamic Rider Entrepreneur Program participants received their motorcycles from CIMB Islamic Bank Bhd (CIMB Islamic).
tag stockCIMB -0.4%,
3:40 PM Moody's: Islamic banks' retail finance focus helps weather pandemic

KUALA LUMPUR: Islamic banks in Gulf Cooperation Council (GCC) countries and South and Southeast Asia’s focus on low-risk retail finance, which will help protect their asset quality.
3:19 PM MAHB partners Maxis for co-creation of Malaysia's first 5G Digital Airport
tag stockAIRPORT -1.2%, MAXIS -1.1%,
3:16 PM CIMB Islamic Bank’s rider entrepreneur scheme empowers B40

KUALA LUMPUR: CIMB Islamic Bank Bhd’s commitment to empower the asnaf and B40 communities saw it recently organising a motorcycle handover ceremony for the first batch of 33 participants of the CIMB Islamic Rider Entrepreneur Programme.
tag stockCIMB -0.4%,
3:00 PM The State of the Nation: Maximising impact of every development ringgit under...
2:57 PM Maxis appointed telco partner in KLIA's digital transformation

KUALA LUMPUR: Malaysia Airports Holdings Bhd is collaborating with Maxis Bhd to develop a digital transformation roadmap for Smart Airport operations, which will include management of the WiFi and 5G-related network services and solutions at both terminals of KL International Airport.
tag stockMAXIS -1.1%, AIRPORT -1.2%,
2:45 PM CEOs in Asia Pacific most concerned with supply chain risks: KPMG

KUALA LUMPUR: 59 per cent of chief executive officers (CEOs) in the Asia Pacific are more optimistic about the economy's recovery than they were earlier this year, according to KPMG International.
2:45 PM Sime Darby Property reopens sales galleries, projects resume

KUALA LUMPUR: Sime Darby Property Bhd, which has set a RM2.4bil sales target for this financial year, announced Monday it has reopened its sales galleries and resumes operations at all project sites.
tag stockSIMEPROP -1.5%,
2:38 PM PMB Tech surges to all-time high of RM9.45
tag stockPMBTECH +25.0%,
2:36 PM Top Glove Expects 'Headwinds' as Speedy Vaccination Damps Prices

Top Glove Corp, the world’s largest rubber glove producer, said it expects the business environment to remain challenging over the next few quarters as demand for protective gear moderates amid a pick up in Covid vaccine roll-outs globally.
tag stockTOPGLOV -8.2%,
2:30 PM Asian shares at 1-month low, default fears stalk China Evergrande

BENGALURU: Asian shares skidded and the dollar firmed on Monday ahead of a week packed with global central bank meetings, with a torrid session for the world's most indebted property developer China Evergrande dragging Hong Kong stocks to a near one-year low.
2:30 PM Brokers Digest: Local Equities - SKP Resources Bhd, PPB Group Bhd, Tenaga...
tag stockSKPRES -2.6%, PPB 0%, TENAGA -1.0%, FOCUSP -4.9%,
2:30 PM Aeon, Padini outperform broader consumer sector, but reopening of economy key...
tag stockAEON -0.7%, PADINI +1.0%,
2:17 PM Fusionex, Alliance Bank inks MoU to boost Halal in One program

KUALA LUMPUR: Fusionex, artificial intelligence (AI) and big data company, recently signed a memorandum of understanding (MoU) with Alliance Islamic Bank Bhd to boost the bank’s Halal in One program.
tag stockABMB -2.7%,
2:14 PM UMW Toyota Motor to unveil future mobility

KUALA LUMPUR: UMW Toyota Motor (UMWT) is inviting Malaysians on a journey that will provide them with the opportunity to see and experience the company's automotive future.
tag stockUMW -1.6%,
2:09 PM SCO members studying use of local currencies in settlement — Global Times
2:00 PM Cathay Pacific lowers Q4 capacity forecast as travel restrictions linger

HONG KONG: Hong Kong's Cathay Pacific Airways Ltd said on Monday it had lowered its passenger capacity forecast for the remainder of the year to 13% of pre-COVID levels, down from an earlier 30% target for the fourth quarter as travel restrictions linger.
2:00 PM Commodities on a rebound
tag stockDIALOG -6.9%, SAPNRG -4.2%, IOICORP -0.5%, KLK -1.8%, SIMEPLT -9.2%, TSH -1.8%, MSC -2.7%,
2:00 PM Why the Fed might welcome a bond market tantrum
1:54 PM Ringgit leads Asia FX lower; c.banks come into focus

SINGAPORE: Malaysia's ringgit was set for its biggest intraday drop since July in holiday-thinned trading on Monday and led losses among regional currencies as the U.S. dollar held firm at the start of a week set to be dominated by central bank reports.
1:49 PM China Evergrande shares hit 11-year low on default risks

HONG KONG: Shares of Evergrande on Monday plunged as much as 19% to their lowest in over 11 years, extending losses as investors take a dim view of its business prospects with a fast approaching deadline for payment obligations this week.
1:42 PM CEOs more confident about global recovery but supply chain risks weigh

KUALA LUMPUR: A global survey conducted by KPMG International has found that 59 percent of chief executive officers (CEOs) in the Asia Pacific (APAC) are now more confident about global economic recovery compared to earlier this year.
1:42 PM London bets US$1.5b Tube extension will spur jobs, business
1:37 PM City of London finally gets back to office
1:33 PM Biscuit maker Hup Seng estimates 3% production volume loss on operations...
tag stockHUPSENG 0%,
1:31 PM ByteDance’s new TikTok for Chinese kids sets strict user limits
1:23 PM Hup Seng Industries suspends plant ops in Batu Pahat

KUALA LUMPUR: Hup Seng Industries Bhd has temporarily suspended operations at one of its units in Batu Pahat until Sept 30 to disinfect the entire premises.
tag stockHUPSENG 0%,
1:16 PM Bursa Malaysia ends morning session lower
1:11 PM Cathay Pacific lowers 4Q capacity forecast as travel restrictions linger
1:07 PM Indian shares open lower as metal and auto stocks drop
1:01 PM Cagamas clinches prestigious Islamic Issuer of the Year award

KUALA LUMPUR: Cagamas Bhd has reaffirmed its leadership position in its contribution towards the development and promotion of Islamic Finance when it clinched several awards recently at The Asset Triple A Islamic Finance Awards 2021 virtual ceremony.
12:57 PM DHL Express announces average 4.9% price increase effective Jan 1, 2022

KUALA LUMPUR: DHL Express Malaysia will be increasing the price of its services by an average of 4.9 per cent, effective Jan 1, 2022.
12:53 PM DHL Express announces average 4.9% price increase effective Jan 1, 2022
12:50 PM FBM KLCI succumbs to selling pressure

KUALA LUMPUR: The FBM KLCI skidded lower in the morning session as investors turned cautious ahead of a host of global central bank meetings, which will shed some light on the pace of the economic recovery and future direction of monetary policy.
12:47 PM Macau officials to meet gaming industry after stocks roiled
12:44 PM Bond sales wake from slumber as Fed talk jolts emerging markets
12:35 PM What happened to Evergrande and how its impact to steel industryNumber of Likes1 like Shiba Capital
12:26 PM Top Glove shares lose footing, dip below RM3 mark for first time since May last...
tag stockTOPGLOV -8.2%,
12:24 PM American Airlines, Microsoft join Gates-backed program to boost clean energy
12:18 PM Xi’s celebrity crackdown no match for Universal Studios in China
12:16 PM U.S. Treasury's Yellen: Debt default would 'permanently' weaken America
12:12 PM Navis-backed healthcare group Aurelius makes first hospital acquisition with...
12:09 PM Dollar creeps higher as Fed's taper looms
12:04 PM KNM appoints former FT minister as non-executive chairman
tag stockKNM -5.7%,
12:03 PM Honda targets annual sales of 70,000 Prologue electric vehicles in U.S. from...
11:59 AM Malaysia keeps Oct crude palm oil export tax at 8%
11:55 AM U.S. trade official called India's Mastercard ban 'draconian'- emails
11:54 AM Global semiconductor chip shortage likely to get worse, further pushing prices higher

KUALA LUMPUR: Prices for semiconductor chips are expected to rise across the spectrum given that the global chip shortage is likely to last until sometime late next year.
11:53 AM Hong Leong Capital appoints Hong Leong Investment Bank CEO Lee Jim Leng as...
tag stockHLCAP -0.3%,
11:46 AM CapitaLand Investment makes debut on SGX, appoints CEOs to grow PE fund business
11:41 AM China Evergrande shares plummet on default risks
11:35 AM Greater KL attracts multinationals to expand their regional activities
11:10 AM U.K. energy firms seek bailout as government talks run on
11:06 AM Brookfield makes US$7 billion bid for Australian power company
11:03 AM IGB Commercial REIT units slip below IPO price in stock exchange debut
tag stockIGBCR -30.0%,
11:02 AM Exiled Thaksin rallies Thai protesters with Dubai talk show
10:59 AM Index inclusion buzz lures foreign funds back into Indian bonds
10:53 AM Hong Kong stocks sink as Evergrande woes spread, Ping An tumbles
10:46 AM Ringgit drops against greenback ahead of monetary policy meetings

KUALA LUMPUR: The ringgit fell against the US dollar at the opening bell today, as traders await the outcome from the United States Federal Reserve (US Fed) and Bank of England (BoE) meetings this week to decide their next course of action.
10:21 AM Maybank IB Research raises Eco World Devt target price

KUALA LUMPUR: Maybank Investment Bank Research has raised its target price for Eco World Development (ECW) from 78 sen to 93 sen after its strong locked-in property sales and an expected recovery in sales after the lockdown is lifted.
10:16 AM Foreign net buying slow but steady on Bursa

KUALA LUMPUR: The intensity of foreign net buying activity on Bursa Malaysia softened during the holiday-shortened week to RM125.97mil last week from RM433.16mil in the preceding week, according to MIDF Research.
10:15 AM Gold subdued on US dollar strength; Fed meet in focus
10:13 AM Asian stocks tense for Fed tapering news
10:06 AM Eco World's Q3 earnings below expectations, says PublicInvest

KUALA LUMPUR: Eco World Development Group Bhd's third quarter (Q3) net profit of RM35.1 million came below Public Investment Bank Bhd (PublicInvest) and consensus expectations as pandemic-related restrictions distracted progress billings and sales.
tag stockECOWLD 0%,
10:00 AM Covid-19 Cases + Vaccination Tracker
9:59 AM [第一天] 5分钟看懂美女 MAGNI(7087) Q1 2022 季报 ~ 美女不美了？
tag stockMAGNI -1.4%,
moneyKing
9:58 AM [歪歪理财记事本] 从Top Glove看公司回购股票是利或弊 （share buy back）
tag stockTOPGLOV -8.2%,
moneyKing
9:57 AM [第一天] DSONIC 股东大会 15-9-2021 @ E-Broadcast
tag stockDSONIC 0%,
moneyKing
9:51 AM Foreign buyers mop up RM125.97m local equities, extending buying for sixth week
9:47 AM Quick take: PMB Tech rises 8%, hit record high

KUALA LUMPUR: PMB Technology Bhd, which has been on an uptrend, climbed over 8% to record high in early trade Monday.
tag stockPMBTECH +25.0%,
9:42 AM Ringgit drops against greenback ahead of monetary policy meetings
9:39 AM Foreign investors are Bursa's net buyers six weeks in a row

KUALA LUMPUR: Foreign investors remained net buyers of Malaysian equities for the week ended September 17 with a net inflow of RM125.97 million, MIDF Research said. 
9:38 AM Green hydrogen projects in areas short of water supply — Rystad
9:30 AM Improving connectivity for all
9:28 AM Higher CPO price for rest of 2021?

KUALA LUMPUR: Crude palm oil price (CPO) is expected to remain elevated for the rest of 2021, driven by labour shortage and forecasted low production with mechanisation and automation no where near the horizon, Kenanga Research said.
9:22 AM Bursa extends downtrend in early trade

KUALA LUMPUR: The market sentiment on the domestic market continued to sour at Monday's opening bell with the key FBM KLCI failing to rebound after six straight sessions of declines.
9:21 AM Bursa Malaysia opens lower
9:17 AM Distribution, retail to remain core earnings contributors to Sime Darby

KUALA LUMPUR: Sime Darby Bhd expects vehicle distribution and retail under its unit Sime Darby Motors (SD Motors) to remain the core contributor to group profits, especially in the luxury segment in China.
tag stockSIME 0%,
9:16 AM Quick take: Gadang rises on new RM100mil contract

KUALA LUMPUR: Shares in Gadang Holdings Bhd climbed in early trade Monday after securing a RM100.34mil subcontract works from Binary Vista Sdn Bhd.
tag stockGADANG 0%,
9:10 AM Malaysia remains an attractive investment destination but political stability...
8:45 AM U.K. house prices stabilize as new listings to sell jump 14%
8:40 AM Market sentiments remain dour and could prolong uncertain outlook, says Inter-...
8:32 AM Pekat Group's Tioman Beach Resort RE project bags national & regional awards
tag stockPEKAT -2.0%,
8:31 AM Trading ideas: Gadang, Handal, Bioalpha, Revenue Group

KUALA LUMPUR:: Gadang, Handal, Bioalpha, Revenue Group and Southern Cable are among the stocks to watch on Monday after their corporate announcements, JF Apex Research says.
tag stockGADANG 0%, HANDAL -2.1%, BIOHLDG 0%, REVENUE -3.1%,
8:16 AM Summary of top read business stories Sept 13 to 18

Among the top read stories are Top Glove, Genting, KPMG, 1MDB and AirAsia
tag stockTOPGLOV -8.2%, GENTING 0%, KPJ -2.8%,
8:15 AM Oil edges lower for a second session with focus on Fed stimulus
8:00 AM Smart wardrobe LG Styler is tailor-made for a hygiene-conscious lifestyle
7:53 AM COVID-19 cases jump in Australia's Victoria as curbs ease in Sydney hotspots
7:27 AM Oil giant Shell sets sights on sustainable aviation fuel take-off
7:21 AM Aemulus is set for an uptrend reversal, says RHB Retail Research
tag stockAEMULUS -4.7%,
7:20 AM Ramssol is resuming its uptrend, says RHB Retail Research
tag stockRAMSSOL -3.3%,
7:17 AM UK seeks to break down digital trade barriers

LONDON: Britain will look to break down digital trade barriers to help its businesses export their services, the country's newly appointed trade minister Anne-Marie Trevelyan (pic) will say on Monday.
7:16 AM Insight - Improving prospects for SMEs

WITH the gradual reopening of the economy, prospects are brighter for small and medium enterprises (SMEs) although they still require a lot of help to overcome their problems.
7:16 AM Guan Chong finds its sweet spot in Ivory Coast

Firm upbeat about the source of high quality beans
tag stockGCB -1.3%,
7:16 AM Nestle to deploy regenerative food system framework

KUALA LUMPUR: Nestle (M) Bhd is looking forward to deploying the Nestle group’s regeneration framework, building on solid foundations established over many years, according to its chief executive officer Juan Aranols.(pic)
tag stockNESTLE -0.1%,
7:16 AM Attractive investment destination for companies

US firms remain supportive but political stability is key
7:16 AM Steel players’ wish list for Budget 2022

Promote local iron and steel product usage
7:16 AM Vital indicator

Performance in Q3 key to sharp rebound, say analysts
7:16 AM Supporting the people and businesses during reopening of economy

KUALA LUMPUR: The government’s proposal to raise the ceiling cap for the Covid-19 Fund and the statutory debt limit is aimed at supporting the people and businesses during the reopening of the economy.
7:16 AM Insight - Five mistakes Malaysians make with their money

MANY people, especially those in their later years, wonder why they don’t have as much money as they’d like.
7:16 AM UK set for most widespread pay rises in over a decade

LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday.
7:12 AM U.S. opens probe into 30 million vehicles over air bag inflators
7:10 AM The global housing market is broken, and it’s dividing entire countries
7:03 AM U.K.’s Johnson to tell Bezos Amazon must pay fair share of taxes
7:01 AM Transurban takes full control of Sydney tolls for US$8.1 billlion
6:59 AM Stocks set to dip as traders mull Evergrande, Fed
6:50 AM U.S. opens probe into 30 million vehicles over air bag inflators

WASHINGTON: U.S. auto safety investigators have opened a new probe into 30 million vehicles built by nearly two dozen automakers with potentially defective Takata air bag inflators, a government document seen by Reuters on Sunday showed.
6:41 AM Nigeria to incorporate state-oil firm NNPC, board appointed

ABUJA: Nigeria's President Muhammadu Buhari said on Sunday he had appointed a board for state-oil firm NNPC and directed that it should be incorporated within six months, a move that could allow it to sell shares in the future.
6:32 AM Egypt to sell minority stake in state payments firm e-finance

CAIRO: Egyptian state-controlled payments firm e-finance for Digital and Financial Investments said on Sunday it would offer up to 14.5% of its capital in an initial public offering in the fourth quarter of 2021.
2:29 AM Biden’s vaccine booster and export plans collide at summit
12:50 AM Singapore Myanmar Investco mulling JV with Hatten Land to mine cryptocurrency...
Sun, 19 Sep 2021
9:21 PM Nafas-Petronas PTPB programme increases paddy yields
5:51 PM Malaysia looking forward to welcoming China in CPTPP as early as next year

KUALA LUMPUR (Bernama): As one of the pioneer members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Malaysia is looking forward to welcoming economic powerhouse China into the fold, anticipated to be as early as next year.
12:47 PM SpaceX capsule with world's first all-civilian orbital crew returns safely
11:44 AM Wassiyah Shoppe's new unit eyes US$700mil of assets under management

KUALA LUMPUR: Wasiyyah Shoppe Bhd, the biggest Shariah-compliant trust company in Malaysia, has targeted managing US$700 million of assets for global Muslim ultra high net worth clients by 2023.
11:33 AM Growth? Value? Some investors opt for a bit of both
10:31 AM Indonesia’s halt to palm oil expansion set to expire soon

JAKARTA: Indonesia’s moratorium on new oil palm plantation permits is set to expire this week as the industry awaits clarity on whether the government will extend the policy.
10:22 AM China defends tech crackdown in meeting with Wall Street chiefs

BEIJING: China’s top regulators defended their market-roiling crackdown on various industries in a meeting with Wall Street executives, while reassuring them the stricter rules aren’t aimed at stifling technology companies or the private sector.
9:30 AM Fall in line
9:30 AM Cloudy outlook for property tourism
Sat, 18 Sep 2021
6:25 PM Eleven more PLUS highway R&R, lay-bys reopen for dine-in
6:19 PM Prudential to raise up to US$2.89b in Hong Kong share sale
5:48 PM MM2HCA seeks discussion with MoHA to further revise Malaysia My Second Home...
5:20 PM Ministry to develop DETS as catalyst for domestic carbon trading sector, says...
4:07 PM Covid-19 self-test kit: Ministry records 34 cases of traders, pharmacies...
4:03 PM New developer identified for Hospital Bachok project, says Mustapa
3:22 PM India watchdog finds Google uses unfair trade practices — Times of India
1:28 PM Construction work on Gurney Wharf project to start at end-2021 — Penang exco
12:30 PM Honda says Japan output 60% below plan on parts shortage
11:07 AM CPO futures likely to see technical correction next week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to experience a technical correction next week, ahead of the production data release.
10:42 AM Evergrande says six execs redeemed investment products in advance
10:38 AM Ringgit expected to stabilise against US dollar next week
10:34 AM KLCI expected to trade in 1,560-1,580 range next week
10:17 AM Let 12MP be Malaysia’s way out
9:59 AM Evergrande says six execs redeemed investment products in advance

BEIJING: Six executives of China's heavily indebted Evergrande had redeemed some of the company's investment products in advance earlier this year, the property group said on Saturday.
9:27 AM 'Not true': IMF chief Georgieva denies pro-China pressure on World Bank report
9:23 AM Airbus union warns of more Germany strike action
9:06 AM GM to make 'substantial shifts' in supply chain over chips
9:00 AM US NTSB to probe fatal Tesla crash in Florida
8:58 AM US DOJ resumed talks on plea deal with Huawei's Meng Wanzhou — Globe and Mail
8:46 AM US Binance probe expands to examine possible insider trading
8:42 AM Oil falls as storm-hit US supply trickles back into market
8:39 AM World shares fall as markets await Fed meeting, taper timeline
8:36 AM Wall Street closes roller-coaster week sharply lower
7:17 AM Short Position - Johor Corp restructuring, Top Glove, digitil isation

JOHOR Corp Bhd is said to be in the midst of a full-scale restructuring. It would be a timely and potentially necessary move for the state investment arm of Johor
tag stockKPJ -2.8%, DBHD -2.1%, TOPGLOV -8.2%,
7:17 AM PM: Grant for SMEs to be given out from next week

PETALING JAYA: The government will channel RM500mil of assistance to small and medium enterprises (SMEs) through the Prihatin Special Grant (GKP) 4.0 beginning Sept 21, says Datuk Seri Ismail Sabri Yaakob.
7:17 AM Hitting the reset button for corporate Malaysia

Amid the Covid-19 pandemic, companies not only face a slowdown in economic activity but also need to hasten their digitalisation journey and ensure they are ESG-compliant. Some are restructuring to achieve this.
7:17 AM KWAP’s journey with ESG investing

IF it’s one thing that the Covid-19 pandemic has thought investors is that they need to be concerned about the survival of companies they invest in, when the latter are faced with unprecedented shocks
7:17 AM Bridging the financial literacy gap

Money management apps becoming increasingly popular
7:17 AM Too early to predict

WHILE banking stocks have so far acted negatively to the Finance Ministry’s (MoF) instruction to get banks working on exempting interest payments for moratorium borrowers, observers say it is too early to predict the exact impact on banks.
7:17 AM SMEs in dire need of assistance

ON the eve of Malaysia Day, I was delighted to share a few drinks and cigars with my two elderly sifus, Peter Khoo and TK Teo. Khoo, an accounting and tax practitioner and Teo, an experienced banker and corporate personality, have such great stories to tell with much wisdom imparted from their past experiences.
7:17 AM Early economic resumption vital

THE rising number of Covid-19 cases since early May 2021 resulted in a nationwide movement control order (MCO 3.0) in mid-May, which was followed by a nationwide lockdown in early June.
7:17 AM Enabling digitalisation

Low-code may be a key to offering businesses a faster and cheaper approach to transform their operations
7:17 AM Getting SMEs on the digital bandwagon

MALAYSIA Digital Economy Corp (MDEC) will be collaborating with the Centre of Entrepreneur Development And Research (Cedar), a subsidiary of SME Bank, to enable SMEs to adopt digitalisation.
7:17 AM Will Evergrande remain ever grand?

THERE is a common joke in China’s real estate fraternity. When the real estate market is bad, buyers will complain about everything during the property handover. But during a bull market, if you handover a unit without a front door, they would still gladly take possession.
7:17 AM CEOs optimistic of recovery

IT has been a tough 18 months since the Covid-19 pandemic started, but as recovery is in sight with the progress of vaccinations, 60% of global and 59% of Asia-Pacific CEOs polled in KPMG’s 2021 annual CEO survey say they want to expand and grow their business.
7:17 AM Pick-up in deals seen in near term

WITH the acceleration of the nationwide vaccination programme and reopening of more economic and social sectors, a pick-up in property transactions in the near term looks promising.
7:17 AM Gadang’s subsidiary bags RM100mil deal

KUALA LUMPUR: Gadang Holdings Bhd’s wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd (GESB), has secured a RM100.34mil subcontract works for Central Spine Road Package 2 from Binary Vista Sdn Bhd.
tag stockGADANG 0%,
7:17 AM Brighter outlook for Malaysia’s oil and gas sector

RISING global oil prices amidst increasing Covid-19 vaccination rates and anticipated higher world economic growth rates in 2022 are brightening the outlook for Malaysia’s oil and gas sector, say research analysts.
tag stockDIALOG -6.9%, YINSON 0%, SAPNRG -4.2%, PETGAS -3.0%, SERBADK -6.0%, ARMADA -3.5%, VELESTO 0%, UZMA -5.1%, DAYANG -2.9%,
7:17 AM AirAsia X recapitalisation discussions progressing well

KUALA LUMPUR: AirAsia X Bhd (AAX) has made “substantial progress” in months-long talks with creditors as it aims to convene meetings with them to vote on a restructuring scheme by the end of October, its chief executive said.
tag stockAAX 0%,
7:17 AM Positive signs for Top Glove

Orders continue to flow in as company remains resilient
tag stockTOPGLOV -8.2%,
7:17 AM Astro customers in for more content treat

KUALA LUMPUR: With Astro Malaysia Holdings Bhd bringing in more channels and streamers from Hollywood giants, the group’s content cost-to-TV revenue is likely to remain between 34% to 37%.
tag stockASTRO +1.9%,
7:17 AM Big sales jump for EcoWorld Malaysia in Q3

KUALA LUMPUR: EcoWorld Development Group Bhd (EcoWorld Malaysia) reported robust sales growth in the third quarter ended July 31 (Q3’21), boosted by its success in converting digital leads into purchases during the MCO lockdown period.
tag stockECOWLD 0%,
7:17 AM The 18th entry

Based on the reported data by M-REITS with the financial year-end of December 2020, there are early signs of weakness among commercial properties, but not necessarily across the board.
6:59 AM Infineon opens Austria plant early in chip capacity boost

VILLACH, Austria: Germany's Infineon opened a 1.6 billion euro ($1.9 billion) plant in Austria on Friday, boosting its ability to supply power chips for cars, data centres and renewable power.
6:42 AM Airbus reaches deal to restructure AirAsia jet order

PARIS: Airbus has agreed to cut prices or reschedule delivery for hundreds of jets ordered by Malaysia's AirAsia to salvage a contract worth tens of billions of dollars with its largest Asian customer, industry sources said on Friday.
tag stockAIRASIA -2.1%,
6:37 AM Oil price falls as storm-hit US supply trickles back into market

NEW YORK,: Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
6:31 AM World shares fall as markets await Fed meeting, taper timeline

NEW YORK: World shares fell on Friday after a week of mixed economic data and fears over the stability of growth and Asian markets put the focus on the U.S. Federal Reserve's timeline for tapering asset purchases.
3:27 AM Auto forecaster slashes outlook by most since chip woes emerged
3:17 AM Best World posts 83.8% growth in 1HFY21 earnings to S$77.3 mil
3:12 AM Citi appoints Rapheal Mun as APAC sustainability & ESG banking head
3:00 AM Torrid Moderna stock rally cools over booster shot doubts
12:59 AM AirAsia reaches deal to restructure Airbus jet order, say sources
tag stockAIRASIA -2.1%,


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