<div class=newsTextDataWrapInner>KNM, Perisai shares up in active trade on crude oil gains</div>

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KNM, Perisai shares up in active trade on crude oil gains

 
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KNM, Perisai shares up in active trade on crude oil gains

There’s a course correction underway among financial firms that went all out on ESG hiring just a few years back, according to recruiters advising banks and money managers.

Buyer’s remorse hits finance bosses who ‘overhired’ for ESG

Yum China Holdings Inc reported a weaker-than-expected operating profit last quarter, as promotions aimed at frugal diners pressured margins at the operator of KFC and Pizza Hut chains in China.

Yum China profit misses estimate as promotions bite margins

Electronic Arts Inc is laying off hundreds of workers and cancelling a Titanfall game that was in development at its Respawn Entertainment subsidiary.

Electronic Arts lays off hundreds, cancels ‘Titanfall’ game

Compugates Holdings Bhd’s (KL:COMPUGT) fourth largest shareholder, Datuk Koh Lean Poh, has sold a 9.92% stake in the IT product trading and services provider for RM8.4 million.

Compugates' substantial shareholder disposes of 9.9% stake for RM8.4 mil

Billionaire investor Tan Sri Chua Ma Yu’s family office is one of the first to benefit from Malaysia’s new 0% tax incentive for single-family offices (SFOs) set up in Forest City, part of the Johor-Singapore Special Economic Zone (SEZ).

Chua Ma Yu’s family office among first to tap Forest City’s zero-tax incentives

Eco World International Bhd (EWI) (KL:EWINT), which was established in 2013 to focus on overseas property development, is planning to expand its geographical footprint to Malaysia, amid headwinds it faced in the UK and Australia since the onset of the Covid-19 pandemic.

Eco World Int’l now eyes Malaysia market, proposes name change to EWI Capital

The retail prices of RON97 and RON95 petrol nationwide remain unchanged, at RM3.18 per litre and RM2.05 per litre, respectively, for the period from May 1 to 7.

No change in petrol, diesel prices until May 7

China has decided to lift sanctions on four current and one former member of the European Parliament as well as on its subcommittee on human rights, a parliament official told Reuters.

China to lift sanctions on EU Parliament members, says official 

Oil traders expect Saudi Arabia to steer Opec+ to agree on another supply surge next week as the kingdom continues its campaign to discipline the cartel’s errant members.

Oil traders brace for another Saudi-led Opec+ oil supply surge

Malayan Banking Group Bhd (KL:MAYBANK) has appointed Shafiq Abdul Jaabar as group chief financial officer effective July 7.

Maybank appoints Shafiq Abdul Jabbar as group chief financial officer effective July 7

Malaysia will end price control on eggs effective on May 1 as part of the government’s phased subsidy retargeting, the Ministry of Agriculture and Food Security (MAFS) said on Wednesday.

Malaysia to end price control on eggs effective May 1

The National Higher Education Fund Corporation (PTPTN) declared on Wednesday a 4.05% dividend for Simpan SSPN for 2024 — the highest rate recorded in a decade.

PTPTN declares 4.05% dividend for Simpan SSPN 2024, highest in a decade

Malaysian poultry stocks rose on Wednesday, after the government decided to scrap price control and subsidies for eggs.

Malaysian poultry stocks rise after govt scraps price control, subsidies on eggs

President Donald Trump said China deserved the steep tariffs he imposed on their exports and predicted Beijing could find a way to reduce their impact on American consumers.

Trump predicts China would ‘eat’ tariffs, lessening US impact

Grab Holdings beat Wall Street expectations for first-quarter revenue on Tuesday, as the company benefitted from strong spending on its ride-hailing and food delivery platform despite economic uncertainty.

Grab's quarterly revenue beats expectations as spending remains strong

Southeast Asia could this year see the highest number of final investment decisions on gas projects in a decade, which could potentially boost output by 18%, according to Global Energy Monitor.

Southeast Asia may see most gas projects approved in a decade

CIMB Group Holdings Bhd's (KL:CIMB) stock rose on Wednesday to its highest level in nearly a month as investors cheered its Indonesian unit's strong earnings report.

CIMB nears one-month high after strong Indonesia results

Sunway Malls has announced the upcoming opening of its 10th mall in the country, Sunway Square Mall, scheduled for September 2025. The new development is located within Sunway City Kuala Lumpur, Selangor, and spans 300,000 square feet of net lettable area across four retail floors.

Sunway Malls unveils Sunway Square Mall, with 95% leasing rate ahead of September opening

KUALA LUMPUR (April 30): Bursa Malaysia Bhd (KL:BURSA) said on Wednesday that it is expanding its research incentive scheme to also cover private companies, to boost the profile of select firms and promote better price discovery.

Bursa launches expanded research incentive scheme to also cover private firms, pre-IPO companies

Shares struggled for direction on Wednesday and oil prices slid as relief over a potential easing of global trade tensions was upset by a worsening economic outlook and signs corporates were feeling the pain from Donald Trump's tariffs.

Shares dither, oil slides as tariffs fan growth worries

There’s a course correction underway among financial firms that went all out on ESG hiring just a few years back, according to recruiters advising banks and money managers.

The Ideal Property Group has dismissed allegations circulating on social media claiming the investigation and arrest of its group executive chairman in connection with the authorities' investigation into the scam linked to MBI International Group.

Ideal Property refutes allegations linked to MBI scam, lodges MCMC and police reports

Nestlé (Malaysia) Bhd (KL:NESTLE) has committed to limiting price hikes in 2025 to maintain its market position, despite rising commodity costs. Analysts said while the company aims to avoid increasing prices this year, it may need to do so if costs stay high.

Nestlé Malaysia to limit price hikes in 2025 despite commodity cost pressures — analysts

KUALA LUMPUR (April 30): Sustio Sdn Bhd, the Malaysian arm of South Korea’s Simmtech Group, is doubling its production of advanced, high-performance circuit boards with the completion of its RM326 million second expansion phase in Batu Kawan, Penang.

South Korea’s Sustio to double advanced circuit board production in Penang with completion of RM326m expansion

Malayan Banking Group Bhd (KL:MAYBANK) has appointed Shafiq Abdul Jaabar as group chief financial officer effective July 7. &nbsp;&nbsp;

KUCHING (April&nbsp;30): Main Market-bound telecommunications service provider Reach Ten Holdings Bhd is collaborating with&nbsp;CelcomDigi Bhd (KL:CDB)&nbsp;to deliver cellular coverage to underserved rural communities in Sarawak, through low energy, low cost and high-data-load small cell base station services.&nbsp;

Reach Ten, CelcomDigi team up to start cellular coverage in rural Sarawak

KUALA LUMPUR (April 30): The next proceedings in the case involving the Sulu group’s claim are scheduled to be heard at the Paris Court of Appeal on July 7, said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.

Azalina: Sulu claim case to be heard in Paris appellate court on July 7

Malton Bhd (KL:MALTON) has officially launched Park Green Pavilion Bukit Jalil, a high-rise serviced residence development marking the final phase of its Bukit Jalil City township. This low-density, freehold project is directly connected to Pavilion Bukit Jalil Mall and is in proximity to the 80-acre Bukit Jalil Recreational Park.

Malton launches final phase of Bukit Jalil City with Park Green Pavilion serviced apartment

China’s top legislature passed a bill aimed at boosting the private sector, in a symbolic move to rally entrepreneurs and shore up confidence as Beijing hunkers down for a “protracted” trade war with the US.

China adopts law to protect private companies amid trade war 

Four individuals, including one with a ‘Datuk Seri’ title, have been remanded for four days until Saturday (May 3) in connection with an alleged submission of false claims amounting to RM360 million.