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News 新闻

UEM Edgenta MD Datuk Azmir Merican resigns

KUALA LUMPUR (Jan 24): UEM Edgenta Bhd said its chief executive officer and managing director Datuk Azmir Merican Azmi Merican, has tendered his resignation. In a filing with Bursa Malaysia, the group said the board has commenced the process of identifying ...
TheEdge24 Jan, 2020 19:07pm - 44 minutes ago

Most markets end lower as China virus anxiety lingers

(Jan 24): Most Southeast Asian stock markets ended lower on Friday, as concerns over an escalating coronavirus outbreak in China — the region's biggest trading partner — bruised risk sentiment and as the week-long Lunar New Year holiday kicked off. China on Friday ...
TheEdge24 Jan, 2020 18:41pm - 1 hour ago

Icon Offshore, FGV Holdings

KUALA LUMPUR (Jan 24): Based on corporate announcements and news flow today, stocks in focus on Tuesday (Jan 28) may include: Icon Offshore Bhd and FGV Holdings Bhd. Urusharta Jamaah Sdn Bhd has ceased to be a substantial shareholder in Icon Offshore ...
TheEdge24 Jan, 2020 18:32pm - 1 hour ago

RON97 down four sen, RON95 and diesel unchanged

KUALA LUMPUR (Jan 24): The price of RON97 fuel will fall by four sen to RM2.49 per litre, from RM2.53 per litre, for the one-week period from tomorrow (Saturday) to Jan 31 (next Friday). In a statement, the Ministry of Finance said ...
TheEdge24 Jan, 2020 18:18pm - 1 hour ago

Icon Offshore declared a designated stock due to excessive speculation

KUALA LUMPUR (Jan 24): Bursa Malaysia Securities Bhd has declared the securities of Icon Offshore Bhd as designated counters with effect from Jan 28, due to excessive speculation. The regulator said the imposition of the ruling for Icon Offshore shares and the ...
TheEdge24 Jan, 2020 18:12pm - 1 hour ago

GEM Soho in Seberang Perai is 40% taken up

The RM600 million GEM Soho in Seberang Perai, Penang, has seen a 40% take-up rate so far. It is jointly developed by Penang-based Belleview Group and Singapore-based LTC Group. Occupying a 5.34-acre freehold parcel, GEM Soho is the first phase of ...
TheEdge24 Jan, 2020 18:00pm - 1 hour ago

Malaysian rights group sues Singapore minister over 'fake news' directive

KUALA LUMPUR/SINGAPORE (Jan 24): Malaysian rights group filed a suit in a domestic court against a Singapore minister on Friday, seeking to challenge his order to attach a correction to an article on its blog that accused the city-state of ...
TheEdge24 Jan, 2020 17:37pm - 2 hours ago

Koh Brothers Eco Engineering mulls spin-off of subsidiary Oiltek Sdn Bhd

SINGAPORE: Koh Brothers Eco Engineering plans to spin-off its 80%-held indirect subsidiary Oiltek Sdn Bhd, for its separate listing on either Catalist or Malaysia’s ACE Market, the company announced on Thursday (Jan 23). The separate listing will also include Oiltek ...
TheEdge24 Jan, 2020 16:58pm - 2 hours ago

Bursa places trading curbs on Icon Offshore shares, rights

KUALA LUMPUR: Bursa Malaysia Securities Bhd has placed trading curbs on the securities of Icon Offshore Bhd and the Icon ordinary rights with warrants (Icon-OR) due to excessive speculation.
TheStar24 Jan, 2020 16:37pm - 3 hours ago

SGX eyes US$2.7 trillion factor

SINGAPORE: Singapore Exchange Ltd. will acquire a majority stake in Scientific Beta Pte., an index provider for products enabling investors to track market themes, an increasingly significant trend in global fund management.
TheStar24 Jan, 2020 16:11pm - 3 hours ago

Plunging penny stocks stir a mutual fund crisis in Indonesia

TheStar24 Jan, 2020 16:05pm - 3 hours ago

Modern Age Development to unveil Phase 3 of Tiara Hills in 2Q2020

Modern Age Development Sdn Bhd is set to launch Phase 3 of Tiara Hills in Taman Taynton View, Cheras, Kuala Lumpur, in the second quarter of this year. “We aim to bring in the highest standards of houses to Cheras and ...
TheEdge24 Jan, 2020 16:00pm - 3 hours ago

Corporate Governance: Boards of Asian companies ‘tend to behave like private clubs’

Company directors in Asia have the tendency to invite friends to join their boards, so much so that these end up functioning like “private clubs”. Such a situation could lead to weakness in those companies, including corporate governance issues, says ...
TheEdge24 Jan, 2020 16:00pm - 3 hours ago

Face mask supplies run out across in Asia due to virus panic

HONG KONG: Face masks and hand sanitisers are becoming must-have accessories from Hong Kong to Japan as a deadly virus spreads across Asia. The only problem is getting hold of them.
TheStar24 Jan, 2020 15:56pm - 3 hours ago

Stocks hold steady but coronavirus anxiety lingers

TOKYO: Asian shares steadied on Friday in holiday-thinned trade for the Lunar New Year, despite fears that a new coronavirus from China could spread rapidly as millions of people travel over the week-long break.
TheStar24 Jan, 2020 15:49pm - 4 hours ago

FGV, S. Korea's Samyang Foods end MoU

KUALA LUMPUR: FGV Holdings Bhd and South Korea's Samyang Food Co. Ltd's proposed tie up for the latter's setting up of halal production plant in Malaysia will not go ahead.
TheStar24 Jan, 2020 15:39pm - 4 hours ago

Urusharta Jamaah ceases to be substantial shareholder in Icon Offshore

KUALA LUMPUR (Jan 24): Urusharta Jamaah Sdn Bhd has ceased to be a substantial shareholder in Icon Offshore Bhd. In a bourse filing today, Icon Offshore disclosed that Urusharta Jamaah had disposed of 972,225 shares in the offshore support vessel (OSV) player ...
TheEdge24 Jan, 2020 14:55pm - 4 hours ago

Coronavirus: Malaysian glove makers ready to increase output

KUALA LUMPUR: Malaysian glove makers are prepared to gear up to produce more gloves to meet the requirements if the coronavirus outbreak, which originated in Wuhan, China, becomes pandemic.
TheStar24 Jan, 2020 14:51pm - 5 hours ago

StanChart cuts rates by 25bps

KUALA LUMPUR: Standard Chartered Malaysia is lowering the rates for its lending, financing and fixed deposit by 25 basis points, effective Jan 30.
TheStar24 Jan, 2020 14:31pm - 5 hours ago

Raymond Cheah is not DPM's advisor — Deputy Prime Minister's Office

PUTRAJAYA (Jan 24): The Deputy Prime Minister's Office has never appointed an individual named Raymond Cheah as advisor to Datuk Seri Dr Wan Azizah Wan Ismail. "Therefore, any dealings involving this individual have nothing to do with the office of the ...
TheEdge24 Jan, 2020 14:10pm - 5 hours ago
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