SD Guthrie Bhd (KL:SDG) has won the silver award at The Edge Malaysia ESG Awards 2024 in the plantation sector, a recognition attributed to its robust ESG strategy rooted in long-term sustainability.

ESG strategies drive SD Guthrie’s long-term sustainability success

Tenaga Nasional Bhd (KL:TENAGA) won the silver award at The Edge Malaysia ESG Awards 2024 in the utilities category, thanks to its comprehensive ESG initiatives, says president and CEO Datuk Megat Jalaluddin Megat Hassan. He emphasises that the company’s carbon management strategy, alongside a robust governance framework, is essential for achieving its ambitious sustainability goals.

Tenaga driven by its comprehensive ESG strategies

Malaysian Resources Corp Bhd (MRCB) (KL:MRCB) has won the gold award at The Edge Malaysia ESG Awards 2024 in the most consistent performer over five years category.

MRCB’s ESG strategies yield promising results

Hektar Real Estate Investment Trust (Hektar REIT) (KL: HEKTAR) has won the gold award at The Edge Malaysia ESG Awards 2024 in the outstanding ESG performance and dividend return category, showcasing its ability to balance occupancy growth with sustainability initiatives.

Hektar REIT balances occupancy growth with sustainability initiatives

KPJ Healthcare Bhd (KL:KPJ) has won the silver award at The Edge Malaysia ESG Awards 2024 in the outstanding ESG performance and dividend return category. Its president and managing director Chin Keat Chyuan attributes the win to KPJ Healthcare’s future-focused and innovative Green Healthcare framework, which centres on both human and planetary health.

KPJ Healthcare innovates with ESG

Hong Leong Bank Bhd (HLB) said Monday (May 30) that its net profit for the third quarter ended March 31, 2022 (3QFY22) rose 1.73% to RM784.8 million from RM771.47 million a year ago due to lower allowance for impairment losses on loans, advances and financing as well as higher share of profit from an associated company.

Hong Leong Bank’s 3Q net profit up marginally by 1.73% to RM784.8m on lower allowance for impairment losses

PublicInvest Research said on Monday (May 30) that it had derived a fair value of 34 sen for Unitrade Industries Bhd based on an 11 times price-earnings multiple to its 2023 forecast earnings per share of 3.1 sen. Unitrade Industries is en route for an ACE Market listing on June 14 with an initial public offering (IPO) price of 32 sen.

PublicInvest Research derives fair value of 34 sen for Unitrade Industries, 6% above IPO price

British American Tobacco (Malaysia) Bhd (BAT Malaysia) emerged as the top loser on Monday morning (May 30), falling as much as 58 sen or 4.54% to RM12.20, after its net profit for the first quarter ended March 31, 2022 (1QFY22) missed analysts' expectations.

BAT Malaysia emerges as top loser after 1Q net profit missed expectations

Pestech International Bhd said Friday that its net profit for the third quarter ended March 31, 2022 (3QFY22) fell 54.5% to RM6.52 million from RM14.33 million in the same quarter last year, as revenue dropped on lower contribution from the rail division as most active projects are at their tail end while new ones are just starting.

The group’s revenue for 3QFY22 fell 16.26% to RM192.63 million from RM230.03 million in 3QFY21, its bourse filing showed.

Pestech’s 3Q net profit halves as revenue drops with active rail jobs nearing completion

Bursa Malaysia said on Friday (May 27) the proprietary day traders short selling and intraday short selling of Power Root Bhd shares have been suspended as the instant coffee maker's share price dropped more than 15 sen or 15% from the reference price, which refers to the stock's closing price of RM1.69 on Thursday (May 26).

Bursa suspends Power Root short selling after price slump

Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said.

China's Leapmotor to supply EV platform to Hongqi, also in talks with Ferrari

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.

YTL Hotels opens Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh

Norway's US$1.7 trillion (RM7.4 trillion) sovereign wealth fund, the world's largest, reported on Thursday a quarterly loss of 415 billion Norwegian crowns (US$39.72 billion) for the January to March period, largely driven by negative returns in the tech sector.

Norway wealth fund posts US$40b first-quarter loss on tech weakness

Singapore equities were set for an eighth straight session of gains on Thursday, marking their best winning streak since November 2022, as cooling inflation and demand for defensive stocks supported the benchmark index.

Singapore shares set for an eight-day rally; Asian FX muted 

Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.

Gucci sales drop as Kering label struggles to revive demand

Abandoned housing has been a long-standing problem in Malaysia. According to the Real Estate and Housing Developers’ Association (Rehda) Institute in its recently released “Abandoned Housing — Challenges, Insights & Solutions Research Report”, the number of abandoned housing projects has been...

Stakeholder action needed to address abandoned housing issues, says Rehda Institute

China’s central bank chief Pan Gongsheng urged countries to help maintain confidence in the global economic system on a trip to the US, reiterating Chinese opposition to tariffs as American President Donald Trump signals a shift toward de-escalating tensions.

PBOC chief warns trade frictions threaten trust in world economy

Adidas AG reported better-than-expected earnings in the first quarter as consumers continue to snap up retro sneakers like the Samba in the face of growing economic uncertainty.

Adidas earnings bolstered again by retro sneaker craze

KUALA LUMPUR (April 24): The special sitting of Dewan Rakyat on May 5 to discuss the impact of the United States’ actions on the Malaysian economy will be held at the request of Prime Minister Datuk Seri Anwar Ibrahim.

Dewan Rakyat special sitting on May 5 held at PM’s request — Parliament

Rising tariffs and the weakening dollar are casting a shadow on companies’ profit guidance this earnings season, with more damage seen unfolding over the coming quarters.

US dollar’s slide raising red flags for corporate earnings

A surge of complaints emerged on Thursday evening from investors across Bursa Malaysia, reporting that their accounts have been hacked and used for unauthorised trading activities.

Widespread hacks hit stock trading accounts in Malaysia

KUALA LUMPUR (April 24): The Ministry of Education issued an apology for an incorrect depiction of Malaysia’s national flag, the Jalur Gemilang, on an exam results analysis report distributed on Thursday.

Education Ministry apologises for Jalur Gemilang bungle in SPM results report

Datuk Muzaffar Hisham has resigned from his position as Malayan Banking Bhd’s (KL:MAYBANK) group chief executive officer of Islamic banking to helm Bank Pembangunan Malaysia Bhd (BPMB), according to sources.

Muzaffar Hisham leaves Maybank's Islamic arm, said to be headed for top role at Bank Pembangunan

ACE-market listed LYC Healthcare Bhd (KL:LYC) said it has been served with a winding-up petition by SOG Mummy &amp; Baby Centre Pte Ltd for allegedly failing to settle an outstanding amount of RM600,000.

According to the petition, the amount owed is related to instalment payments due under a settlement reached in December 2024, which was subsequently restructured by both SOG Mummy and LYC Healthcare.

LYC Healthcare gets winding-up petition

IJM Corporation Bhd (KL:IJM) has acquired a 50% stake in financially troubled UK-based construction firm JRL Group for £50 million, or about RM283 million.

IJM Corp completes acquisition of troubled UK builder for RM283m

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.&nbsp;

Crypto’s richest man, Changpeng Zhao, was in a playful mood as he addressed a packed house at the Ritz-Carlton in Kuala Lumpur, just seven months after his release from a low-security California prison.&nbsp;

In KL, Binance billionaire Zhao guides regulators to relax crypto rules

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estate Investment Trust (KL:IGBCR) will see their former group chief financial officer Chai Lai Sim return from retirement to take the helm at both REITs.

IGB REITs bring former CFO Chai Lai Sim out of retirement as new CEO

China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal, maintaining a tough stance despite President Donald Trump’s easing of criticism of the country.

China says US should revoke all unilateral tariffs, denies talks

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa said that he first met fugitive Low Taek Jho (Jho Low) almost 20 years ago, just as the Terengganu Investment Authority (TIA)&nbsp;was about to set up.

1MDB-Tanore: Ex-Goldman banker Roger Ng says knew Jho Low around 2008/2009

Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and property development, announced the emergence of several new substantial shareholders on Thursday, including former national badminton player Datuk Wira Lee Chong Wei.

Lee Chong Wei among Magma's newly emerged substantial shareholders after land deal

KUALA LUMPUR (April 24): Tenaga Nasional Bhd (TNB)(KL:TENAGA) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia’s energy transition.

TNB doubles capex to RM42.9b to back energy transition efforts

The Transport Ministry supports the proposal to establish Port Klang Cruise Terminal (PKCT) as a transshipment hub, said minister Anthony Loke.

Loke gives nod to proposal to turn Port Klang Cruise Terminal into transshipment hub

The East Coast Economic Region Development Council (ECERDC) says Segamat, Johor has secured RM2.6 billion in committed investments for manufacturing and agriculture projects in the first quarter of 2025 (1Q2025).

ECERDC: Segamat secures RM2.6b worth of manufacturing and agriculture investments in 1Q

Pantech Global Bhd announced a special dividend of one sen after its fourth quarter net profit jumped 373% from the previous quarter, driven by a gain on bargain purchase and two months of earnings from newly acquired companies.

Pantech Global declares special dividend after gain on bargain purchase

The US stock market is well past its best days and investors should be prepared to see further declines in the nation’s equities, Treasury bonds as well as the dollar, according to Christopher Wood of Jefferies Financial Group Inc.

Jefferies’ Wood says best over for US stocks, sees more losses

KUALA LUMPUR (April 24): The Ministry of Transport (MOT) will begin enforcing checks on trucks at federal ports across Peninsular Malaysia starting July 1, 2025, for overloading, as part of efforts to tackle the issue of overloaded heavy vehicles.

Ports to enforce overloading checks on trucks from July, says MOT

The development of the International Space Port in Pahang is expected to be completed as early as the next three to five years, said state Investment, Industry, Science, Technology and Innovation Committee chairman Datuk Mohamad Nizar Mohamad Najib.

He said the facility, which will be the first international rocket launch site in Southeast Asia, is expected to create 2,350 job opportunities and generate economic spillover effects, particularly in the tourism and research sectors.

International Space Port in Pahang expected to be completed in three to five years

LET’S start with the absurd: The US, the self-declared global beacon of green energy and moral leadership, just imposed a 3,500% tariff on solar panels from Southeast Asia.

Opinion: A 3,500% tariff exposes the real villains behind America’s clean energy hypocrisy

ViTrox Corp Bhd (KL:VITROX) said on Thursday that its net profit jumped 40.2% in the first quarter from a year earlier, driven by stronger sales and a more favourable product mix.

Tan Siew Mung

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