AT a glance, especially pre-pandemic, Kuala Lumpur International Airport’s (KLIA) performance does not appear to be all that different from its competitors Changi Airport in Singapore and Suvarnabhumi Airport in Bangkok in terms of passenger traffic.

In 2019, KLIA recorded 62.33 million...

Cover Story: Keeping up with the competition

ALMOST everyone in Malaysia knows the story. Nearly 26 years ago, when the Kuala Lumpur International Airport (KLIA) was launched to much fanfare, it was one of the most sophisticated airports in Asia, if not the world.

From the cleverly designed roof structure that allows natural light...

Cover Story: A deal to bring the experts in

We all agree that the world has changed greatly over the centuries, accelerating in the last several decades to such a degree that it is now almost impossible to isolate and identify the dynamics of change well enough for us to give them proper names.

Information and communications tech...

Picking On The Present: Rethinking the reform agenda for a new age

So another English Premier League (EPL) season has ended with Manchester City as champions. An historic fourth time in a row and a sixth out of seven surely demands fitting salutations. It is the first time a club has won four successive titles since league football began in 1888, yet the game is...

Business Of Sports: Tale of two Citys still far from its end game

DESPITE being relatively new to the game, Capital A Bhd’s (KL:CAPITALA) Teleport is disrupting Southeast Asia’s air logistics industry thanks to its low-cost structure, helped by an asset-light business model, as it makes use of the belly cargo capacity of the planes under its parent company’s ai...

Teleport disrupts SEA’s air freight express sector with asset-light model

ONCE one of the handful of companies that paid generous quarterly dividends, Astro Malaysia Holdings Bhd (KL:ASTRO), which now aspires to be Malaysia’s entertainment and streaming destination, has paid a dividend only once in the last five quarters.

Not only had the pay-TV provider devi...

Special Report: Will Astro be generous with dividends after dropping quarterly payouts? 

EUAN Smith, group CEO of Astro Malaysia Holdings Bhd (KL:ASTRO), is keen on recasting the country’s largest pay-TV service provider as a champion in making Malaysia the region’s one-stop content hub, serving not only screen content creators here and in neighbouring countries, but also around the ...

Special Report: Astro sweating assets in pivot towards streamers, content creators

We write this column to highlight the importance of building a comprehensive dementia care landscape in Malaysia, and to highlight the fierce urgency to accelerate our efforts. One in 12 Malaysians (or an estimated 330,000 people in 2023) is living with dementia today. With the rapid increase in ...

State Of Health: Building a comprehensive national dementia care landscape

Today’s economic outlook is strangely contradictory. While global markets, led by technology and energy, have been ebullient over high, short-term profits, the mood at the spring meetings of the World Bank and the International Monetary Fund (IMF) last month was decidedly sombre. Two global insti...

The Frontiers Of Growth: The global economy is more vulnerable than it seems

MALAYSIA’s initial public offering (IPO) market has been short of mega listings in recent years, with the largest in the last five years being that of Mr DIY Holdings Bhd (KL:MRDIY), which raised RM1.5 billion in 2020.

Citigroup’s head of Asia, North Australia and Asia South ECM origina...

Citi: Malaysia’s IPO market primed for bigger listings in the next 12 to 18 months

A dispute is understood to be brewing between two of the heirs of the late gaming billionaire Tan Sri Dr Chen Lip Keong at his Hong Kong-listed flagship NagaCorp Ltd, which operates NagaWorld, a casino in Phnom Penh, Cambodia.

Lip Keong, who died in December last year at the age of 75, ...

Family feud erupts at NagaCorp

IN a move to counter what the White House deems unfair trade practices by China, the US has announced a slew of tariff increases that will affect US$18 billion of Chinese imports, ranging from semiconductors and rubber to surgical gloves.

Not surprisingly, the share price of the Big Fou...

Don’t get too excited about glove counters just yet

Syarikat Takaful Malaysia Keluarga Bhd

Target price: RM4.97 BUY

Brokers Digest: Local Equities - Syarikat Takaful Malaysia Keluarga Bhd, Hartalega Holdings Bhd, Deleum Bhd, Dialog Group Bhd

Notable filings

Between May 7 and 10, among the notable filings on shareholding changes of companies listed on Bursa Malaysia were those at BCM Alliance Bhd (KL:BCMALL), which saw its largest shareholder Kiu Cu Seng cease to be a shareholder after disposing of a total...

Insider Moves: BCM Alliance Bhd, Fitters Diversified Bhd, Ecofirst Consolidated Bhd, Eduspec Holdings Bhd, Genetec Technology Bhd, OCK Group Bhd   

Malaysia Building Society Bhd (KL:MBSB) said its first quarter net profit rose 5.68% to RM78.34 million from RM74.13 million a year ago, thanks to higher financing earnings and consolidation contribution from MIDF Group.

MBSB’s 1Q net profit up 6% on contribution from MIDF integration

US Steel Corp and Japan's Nippon Steel have received all regulatory approvals outside of the United States for their proposed US$14.9 billion (RM70.1 billion) merger, the companies said on Thursday.

US Steel, Nippon Steel receive all non-US approvals for merger 

Elon Musk has settled his latest legal fight with the US Securities and Exchange Commission by agreeing to testify for the regulator's probe into his 2022 acquisition of social media site Twitter, according to a Thursday court filing.

Elon Musk to testify in SEC probe over Twitter stock disclosures 

WeWork Inc won bankruptcy court approval to shed billions in debt, drop unprofitable leases from its office workspace portfolio and leave behind the legacy of its co-founder Adam Neumann.

WeWork cleared to exit bankruptcy after Neumann ends buyout bid 

US stock indexes fell on Thursday, with a plunge in Salesforce dragging on the Dow, while data showing the economy grew slower than previously expected in the first quarter supported bets of interest-rate cuts from the Federal Reserve this year.

Wall Street slips as investors juggle growth data; Salesforce weighs on Dow

Genting Malaysia Bhd (GenM) (KL:GENM) posted a first quarter net profit of RM57.78 million, compared to a net loss of RM27.38 million a year earlier, on the back of higher revenue from its leisure and hospitality business.

Genting Malaysia posts RM58m net profit in 1Q on improved leisure and hospitality business

Electronic gaming machine maker RGB International Bhd (KL:RGB) has secured a contract worth US$81.33 million (RM382.97 million) from the Philippines’ state-owned casino regulator Philippine Amusement and Gaming Corp (Pagcor).

RGB International bags RM382m contract from Philippine state casino regulator; declares six sen dividend  

Dell Technologies Inc shares have been acting like market-leader Nvidia Corp of late, and investors are betting the company will see a similar boost from artificial intelligence (AI).

Dell escapes Nvidia’s shadow as its own AI tailwinds accelerate

The US economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year.

Consumers hold back US economic growth in first quarter, inflation cools

Property developer Mah Sing Group Bhd (KL:MAHSING) announced it is setting up a joint venture to develop a data centre in Bangi, Selangor.

Mah Sing the latest to jump on data centre bandwagon

A confluence of tailwinds is helping Malaysian equities outperform the region and the return of foreign funds points to further gains.

Overseas investors have bought US$502.9 million (RM2.37 billion) of local shares on a net basis in May, putting the market on track for its biggest monthly inflow since March 2022, according to Bloomberg-compiled data.

AI buzz drives biggest flows into Malaysian stocks in two years

Shares in Epicon Bhd (KL:EPICON), formerly known as Konsortium Transnasional Bhd, surged on Thursday and reversed its sharp decline, following a shareholder involvement in an MACC probe. &nbsp;

Epicon shares soar, advancing after clarifying Lagenda-linked MACC probe

Property developer Mah Sing Group Bhd (KL:MAHSING) announced it is setting up a joint venture to develop a data centre in Bangi, Selangor.

Any parties wishing to verify the process for the award of Selangor's demand-responsive transit (DRT) pilot project can&nbsp;request for documents or meeting minutes from the authorities, said Menteri Besar&nbsp;Datuk Seri Amirudin Shari.

Company whose CEO is Hannah Yeoh's husband gone through open tender process for pilot project, says Selangor MB

Australia &amp; New Zealand Banking Group Ltd (ANZ) is inviting bids to sell its remaining 5.17% stake in AMMB Holdings Bhd (KL:AMBANK) for up to RM701.16 million.

ANZ to sell remaining 5.17% stake in AMMB for up to RM701 mil

Water and power supply remain a major challenge in Johor, despite the southernmost state in Peninsular Malaysia experiencing a boom in data centres due to its proximity to Singapore and the spillover effects of the US-China trade war, according to Johor Bahru city council (MBJB) Mayor Datuk Mohd Noorazam Osman.

Water, power remain major issues for Johor’s data centres, says JB mayor

KUALA LUMPUR (May 30): Alliance Bank Malaysia Bhd’s (KL:ABMB) net profit for the fourth quarter ended March 31, 2024 (4QFY2024) rose 36.6% year-on-year (y-o-y), thanks to elevated revenue and a reduction in allowances for expected credit losses.

Alliance Bank books record revenue of RM2.02b in FY2024, declares 11.45 sen dividend

Serba Dinamik Holdings Bhd (KL:SERBADK) said it will be delisted from Bursa Malaysia effective June 5 after failing to obtain an extension of time to submit its regularisation plan.

Serba Dinamik to be delisted on June 5 after failing to get more time to submit regularisation plan

Hong Leong Bank Bhd (KL:HLBANK), the banking arm of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 12% year-on-year (y-o-y) in the third quarter, thanks to higher interest income and provision writeback.

Hong Leong Bank's 3Q net profit rises 12% on higher interest income, writeback

Genting Bhd (KL:GENTING) said its net profit for the first quarter ended March 31, 2024 (1QFY2024) surged several folds, mainly contributed by its leisure and hospitality segment in Malaysia and Singapore.

Strong recovery on hospitality segment brings Genting’s 4QFY2024 net profit back to pre-pandemic level of RM558 mil 

Bank Negara Malaysia (BNM) and insurers are working on new insurance plans with cost-sharing provisions amid rising healthcare costs that will inflate claims and lead to higher premiums for consumers, an association of insurers said.

BNM, insurers working on new insurance policies with cost-sharing provisions

theedgemalaysia.com highlighted three stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday. &nbsp;

IJM Corp, Mah Sing, WCT, Catcha, PT Resources, Sealink, Salcon

The Cheah family’s private vehicle Sungei Way Corp Sdn Bhd is looking to sell up to a 3.52% stake in Sunway Bhd (KL:SUNWAY) for RM704 million.

Cheah family’s private vehicle putting up 3.52% Sunway stake for sale at RM704 mil

Panasonic Manufacturing Malaysia Bhd (KL:PANAMY) declared a final dividend of RM1.21 per share for the financial year ended March 31, 2024 (FY2024), payable on Sept 20, 2024. This brings the annual dividend per share to RM1.36, about 11.5% higher than RM1.22 per share in FY2023.

Panasonic declares bumper dividend of RM1.21 but payout ratio drops slightly

Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz told the High Court that 80% of AmBank’s wrongdoing during the 1Malaysia Development Berhad (1MDB) debacle happened during AmBank group managing director Ashok Ramamurthy’s tenure, and that his statement, which was recorded by the Malaysian Anti-Corruption Commission (MACC), was a “cover up”.

Zeti: 80% of AmBank's wrongdoing was during tenure of former MD Ashok Ramamurthy

Former prime minister Datuk Seri Najib Razak kept some of the 'Arab donation'&nbsp;monies after the 2013 general election, as a 'contingency'&nbsp;to thwart opposition efforts to topple the government under his leadership, Malaysian Anti-Corruption Commission investigating officer (MACC IO) Nur Aida Arifin told the High Court on Thursday.

MACC officer: Najib told us he kept some 'donation' funds for political 'contingency'

Taiwan-based semiconductor companies are optimistic about business prospects in Malaysia's semiconductor industry, given its solid foundation and thriving semiconductor ecosystem that offers potential long-term growth.

Taiwan semicon players confident of business prospects in Malaysia

Datasonic Group Bhd (KL:DSONIC) posted a 70.02% year-on-year jump in its latest quarterly net profit, driven by strong demand for passports, identity cards and financial card personalisation services.

Datasonic posts record 4Q and full-year earnings, secures first overseas project in West Africa

S P Setia Bhd (KL:SPSETIA) on Thursday announced a partnership with China’s Ant Digital Technologies and JaGaSolution to establish a smart community app — Setia Go, to enhance property management quality and improve community engagement for its homebuyers.

S P Setia partners Ant Digital Technologies and JaGaSolution to launch smart community app 

KUALA LUMPUR (May 30): The 1Malaysia Development Bhd (1MDB)-Tanore trial, which is now in its sixth year, has finally been partially concluded, with the prosecution closing its case on Thursday.

Parties will now make submissions, after which the court will decide on whether former prime...

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