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Wed, 30 Sep 2020
10:06 AM Maybank branches to open till 7pm today for repayment assistance applications

KUALA LUMPUR: Maybank's branches nationwide will remain open until 7pm today to provide customers with added convenience for enquiries and applications over repayment assistance.
10:05 AM How this Ipoh IT business is trying to help Malaysian SMEs through uncertain...
9:53 AM Maybank branches open until 7pm today for Repayment Assistance applications
9:47 AM [第一天] 5分钟看懂AEONCR(5139) Q2 2021季报
AEONCR -2.8%,
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9:46 AM [第一天] HUAYANG 股东大会 29-9-2020 @ MEDAN SELAYANG
HUAYANG 0%,
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9:46 AM [Alex Lu] NTPM: Higher earnings on lower revenue
NTPM +4.1%,
moneyKing
9:45 AM [Alex Lu] SCGM: Earnings Grew Strongly
SCGM -0.6%,
moneyKing
9:43 AM Quick take: Prolexus shares jump 16% on higher Q4 profit

KUALA LUMPUR: Shares in Prolexus Bhd jumped over 16% in early trade after the company posted a firmer net profit in the fourth quarter ended July 31.
9:31 AM Financial stocks start KLCI higher

KUALA LUMPUR: The FBM KLCI bounced higher on Wednesday on the back of profit-taking in the previous session despite Wall Street's soft performance overnight.
9:25 AM Clothes maker Prolexus rises on profit jump
9:17 AM Trading ideas: Ekovest, PLS Plantations, Aeon Credit, Ireka, Supermax, MyNews

KUALA LUMPUR: Stocks to watch on Wednesday include Ekovest Bhd, Ireka Corp Bhd, Ireka Corp Bhd, Aeon Credit Service (M) Bhd, Supermax Corp Bhd and MyNews Holdings Bhd, according to JF Apex Research.
9:00 AM Snapshot Of Malaysia’S Salaries And Wages
9:00 AM Credit card spend about doubles from April to July
8:51 AM Kenanga lowers forecast on MyNews

KUALA LUMPUR: Kenanga Investment Bank Research slashed its earnings projections for MyNews Holdings Bhd following its disappointing 9MFY20 performance on lower sales and gross margin.
MYNEWS -0.8%,
8:33 AM Wall Street closes lower, ending 3-day rally ahead of US presidential debate

NEW YORK: Wall Street closed lower on Tuesday, snapping a three-day winning streak as investors took money off the table hours before the first U.S. presidential debate.
8:29 AM AirAsia Japan plans to end operations, Yomiuri says
AIRASIA +0.7%,
8:17 AM Canada lawyers asks judge to keep Huawei CFO's US extradition case 'on the straight and narrow'

VANCOUVER: Lawyers for the Canadian government asked a judge on Tuesday to keep Huawei Chief Financial Officer Meng Wanzhou's extradition case to the United States "on the straight and narrow" and described the evidence presented by the defence as inadmissible.
7:17 AM Rising rubber a rival for palm oil

Exports of Malaysian rubber products could outpace palm-oil-based merchandise if pandemic prolongs
TOPGLOV -0.6%,
7:17 AM Aeon Credit net profit up

Better Q2 results mainly due to lower impairments
AEONCR -2.8%,
7:17 AM Stanley Thai acquitted by High Court

KUALA LUMPUR: The High Court here has acquitted former Supermax Corp Bhd managing director Datuk Seri Stanley Thai for insider trading in relation to APL Industries Bhd (APLI) shares.
SUPERMX -0.8%,
7:17 AM Market consolidation tapers volume

PETALING JAYA: The trading volume on Bursa Malaysia has ebbed from its record high with the end of the automatic loan moratorium.
7:17 AM World Bank says return to growth likely in Q4

Malaysia riding out pandemic better than regional peers
7:17 AM Palantir value pegged at $15.8 bln ahead of long-awaited NYSE debut

NEW YORK: The New York Stock Exchange on Tuesday set a reference price of US$7.25 per share for Palantir Technologies Inc, valuing the data analytics company at a $15.8 billion ahead of its public market debut on Wednesday.
7:17 AM Disney to lay off about 28,000 parks unit employees due to coronavirus hit

LOS ANGELES: Walt Disney Co said on Tuesday it will lay off roughly 28,000 employees, mostly at its U.S. theme parks, where attendance has been crushed by the coronavirus pandemic, especially in California where Disneyland remains closed.
7:17 AM 19.7% higher trade surplus

Uncertainty still the keyword in trade performance
7:17 AM LHI appoints Lau as group COO

PETALING JAYA: Leong Hup International Bhd (LHI), one of the largest fully-integrated producers of poultry, egg and livestock feed companies in South-East Asia, has appointed Datuk Lau Joo Hong (pic) as its group chief operating officer.
LHI +0.8%,
7:17 AM Hai-O net profit up 32% to RM10mil

KUALA LUMPUR: Hai-O Enterprise Bhd’s net profit in the first quarter ended July 31 jumped on higher sales recorded by its multi-level marketing (MLM) division and improved operating margin.
HAIO +6.1%,
7:17 AM Cabinet to study report on Felda

PUTRAJAYA: The report from the special task force set up to address Felda’s issues is ready to be tabled at the Cabinet, according to Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed.
7:17 AM Southern Cable aims to raise RM71.2mil in IPO

KUALA LUMPUR: Cable and wire manufacturer Southern Cable Group Bhd, en route to ACE Market listing on Oct 16, targets to raise RM71.2mil from its initial public offering (IPO).
7:17 AM Insight - Helping hand for SMEs even after moratorium

THE Covid-19 pandemic has brought about one of the most challenging economic environments in recent memory, affecting all Malaysians.
7:01 AM World Bank seeks board approval for US$12bil coronavirus vaccine financing plan

WASHINGTON: World Bank President David Malpass said on Tuesday he is seeking board approval for a $12 billion coronavirus vaccine financing plan to help poor and developing countries secure a sufficient share of vaccine doses when they become available in the coming months.
6:54 AM Lewis checks out at Britain's Tesco, leaving challenges for new CEO

LONDON: Dave Lewis steps down on Wednesday after six years as Tesco chief executive, during which he got Britain's biggest retailer back on track after an accounting crisis, leaving new challenges for his successor Ken Murphy.
6:47 AM Oil falls over 3% as virus cases mount and U.S. debate looms

NEW YORK: Oil prices fell over 3% on Tuesday to their lowest in two weeks on worries about the outlook for fuel demand as Europe and the United States grappled with a surge in new coronavirus infections.
6:40 AM GLOBAL MARKETS-Equities slip, bonds rise

NEW YORK: Global equity benchmarks slid and government bonds inched higher Tuesday as investors remained hesitant ahead of the first U.S. presidential debate and watched for progress in talks for further fiscal stimulus in Washington.
12:30 AM Ekovest, PLS, Aeon Credit, OSK, Ireka, Kanger, Supermax, MyNews and Inix
EKOVEST -1.0%, PLS +8.4%, AEONCR -2.8%, OSK 0%, IREKA 0%, KANGER -7.1%, SUPERMX -0.8%, MYNEWS -0.8%, INIX -10.4%,
12:29 AM Ekovest, PLS, Aeon Credit, OSK, Ireka, Kanger, Supermax, MyNews and Inix
EKOVEST -1.0%, PLS +8.4%, AEONCR -2.8%, OSK 0%, IREKA 0%, KANGER -7.1%, SUPERMX -0.8%, MYNEWS -0.8%, INIX -10.4%,
12:29 AM Ekovest, PLS, Aeon Credit, OSK, Ireka, Kanger, Supermax, MyNews and Inix
12:18 AM Appointment of three deputy CMs doesn't contravene Sabah constitution — law...
12:00 AM Covid-19 pandemic not affecting public sector recruitment — PSC
Tue, 29 Sep 2020
11:52 PM Proton Commerce: PENJANA stimulus package, X50 to drive growth in hire purchase...
DRBHCOM -0.5%,
11:45 PM Court quashes company ex-director's jail sentence
11:41 PM Race politics in multi-racial society should not continue — Muhyiddin
11:36 PM IRB revises downwards 2020 tax collection target
11:30 PM Inix ventures into durian business
INIX -10.4%,
11:27 PM MyNews widens loss in 3Q on Covid-19 impact
MYNEWS -0.8%,
11:02 PM Supermax has spent RM110m on share buy-backs this month
SUPERMX -0.8%,
10:41 PM Kanger to collaborate with Sinopharm on distribution of Covid-19 vaccine 
KANGER -7.1%,
10:22 PM Ekovest eyes additional 24% stake in PLS Plantations
EKOVEST -1.0%, PLS +8.4%,
10:14 PM Aeon Credit posts stronger 2Q profit amid lower operating expenses, pays 9.2...
AEONCR -2.8%,
10:01 PM OSK to raise RM2b from IMTN, MCMTN programmes
OSK 0%,
9:31 PM AirAsia aims to open 100 Santan franchise stores by Q1, 2022
AIRASIA +0.7%,
9:16 PM Singapore's Keppel launches major revamp, review of offshore and marine business

SINGAPORE (Reuters) - Singaporean conglomerate Keppel Corp said on Tuesday it had identified assets worth S$17.5bil (US$12.8bil) that could potentially be monetised, including through sales, and started a review of its lossmaking offshore and marine (O&M) business.
8:47 PM Lau Joo Hong made Leong Hup COO as part of group’s wider succession planning
LHI +0.8%,
8:25 PM Ireka aims to complete demerger from Aseana by year-end
IREKA 0%,
8:23 PM EVENING 5: Five things you need to know today
7:45 PM Isa's wife went to view condo units after FGV signed S&P — witness
7:29 PM Isa Samad hosted his birthday party at FGV's luxury KLCC condo in 2015, witness...
7:14 PM KPKT seeks Selangor govt's assistance to build new homes for Taman Seri...
7:07 PM Fewer people detained for flouting RMCO, says Ismail Sabri
7:06 PM Reshuffle of portfolios not a problem — Bung Moktar
7:03 PM AEON Credit says difficult to predict Covid-19 impact on business

KUALA LUMPUR: AEON Credit Service (M) Bhd expects the Covid-19 pandemic to have a negative impact of its results in current fiscal year ending Feb 28, 2021 (FY21).
AEONCR -2.8%,
6:50 PM Malaysia marks third consecutive day of three-digit jump in new Covid cases,...
6:47 PM Returning Sabahans clog Labuan entry points due to Covid-19 tests
6:27 PM Hai-O reports higher Q1 profit

KUALA LUMPUR: Hai-O Enterprise Bhd said net profit in the first quarter ended July 31 jumped on higher sales recorded by its multi-level marketing division and improved operating margin.
HAIO +6.1%,
6:27 PM Loans totalling RM743m approved under Penjana SME Financing — finance minister
6:19 PM AKPK asks borrowers to assess financial position as moratorium ends Sept 30

KUALA LUMPUR: Credit Counselling and Debt Management Agency (AKPK) has asked borrowers to take proactive steps in assessing their financial position now and into the future, as the automatic blanket moratorium ends tomorrow.
6:04 PM Shared Prosperity Action Council to monitor WKB 2030, says Muhyiddin
5:57 PM Pandemic-hit Singapore Airlines launches plane dining and takeaway cabin food

SINGAPORE: Singapore Airlines plans to turn one of its grounded jumbo jets into a pop-up restaurant and offer home-delivered plane food as part of a series of initiatives to try an re-engage customers who have not been able to travel due to the coronavirus pandemic.
5:48 PM Bursa says website access restored to normal, no cybersecurity issues
BURSA -0.5%,
5:44 PM New Sabah CM Hajiji announces portfolio changes for Bung Moktar, Masidi
5:27 PM New Sabah govt to focus on reviving economy, says CM Hajiji
5:23 PM KLCI falls 7.76 points to close at intra-day low

KUALA LUMPUR: Bursa Malaysia ended the day at an intra-day low on broad-based profit-taking activities. KUALA LUMPUR: Bursa Malaysia ended at an intra-day low on broad-based profit-taking activities.
5:14 PM Public Works Department's 2021-2025 strategic plan to save funds, prolong asset...
5:07 PM 28 people infected with chikungunya in Kulim
5:03 PM KLCI ends lower as investors eye Covid-19 resurgence, US presidential debate
4:46 PM Supermax pares loss after High Court overturns ex-MD Stanley Thai’s guilty...
SUPERMX -0.8%,
4:23 PM Tough for Malaysia to go through another lockdown — World Bank
4:18 PM Bursa website hit by technical glitch but trading unaffected
BURSA -0.5%,
4:10 PM 'AirAsia will survive', Fernandes predicts short-haul flights the fastest to...
AIRASIA +0.7%,
4:09 PM Bursa website hit by technical glitch, trading unaffected

KUALA LUMPUR: The official website of stock exchange operator Bursa Malaysia Bhd is currently experiencing a technical glitch, which started approximately at mid-morning today.
BURSA -0.5%,
4:01 PM Court dismisses ex-Jepak MD's bid to remove certain portions of affidavits in...
3:54 PM Wage subsidy benefits over 2.6 million workers, says Tengku Zafrul
3:48 PM National poverty line income to be revised under 12MP, says Mustapa
3:41 PM Zafrul: Wage subsidy benefit over 2.6 million workers

KUALA LUMPUR: The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.
3:36 PM IJM Land's Rimbun Jasmine fully sold at private preview
3:29 PM Sabah's new deputy CMs pledge to give their best
3:13 PM Market, night market activities in Jerantut postponed for 14 days
3:11 PM Southern Cable to raise RM71.2mil from Ace Market listing

KUALA LUMPUR: The Southern Cable Group Bhd aims to be listed on the ACE Market of Bursa Malaysia on Oct 16, 2020, with an issue price of 34 sen per share.
3:09 PM High Court overturns guilty verdict in Stanley Thai's insider trading case
SUPERMX -0.8%,
3:02 PM Concrete slab mishap: Ministry of Works to take legal action
2:52 PM RHB names Chong as group chief risk officer

KUALA LUMPUR: RHB Banking Group has appointed Dr Chong Han Hwee as group chief risk officer effective Sept 28.
RHBBANK +2.2%,
2:52 PM PBB has no intention to join BN, says Fadillah
2:40 PM Syariah judiciary, legal institution continues to be strengthened, empowered —...
2:32 PM NEC Malaysia opens new customer experience centre
2:16 PM Special task force's report on Felda's issues ready for tabling

PUTRAJAYA: The report from the special task force set up to address Felda issues is ready to be tabled to the Cabinet, said Minister in the Prime Minister’s Department (Economy), Datuk Seri Mustapa Mohamed.
2:05 PM RHB appoints Chong Han Hwee as group chief risk officer
RHBBANK +2.2%,
1:59 PM Special task force's report on Felda issues ready for tabling
1:42 PM Pohuat, SCGM, Wong, Aemulus, Alcom, FCW, Keinhin, Khind, KLoong, Smtrack, YOCB
POHUAT -1.2%, SCGM -0.6%, WONG +0.6%, AEMULUS -0.8%, ALCOM 0%, FCW -6.3%, KEINHIN 0%, KHIND +1.4%, KMLOONG -2.1%, SMTRACK -6.8%, YOCB +5.4%,
1:38 PM SCGM share volume spikes, price falls after reporting profit surge
SCGM -0.6%,
1:31 PM Muhyiddin: Maqasid syariah serves as guiding principles in govt's fight against...
1:24 PM Oil falls as demand worries counter U.S. stimulus hopes

MELBOURNE/SINGAPORE: Oil prices fell on Tuesday, paring gains from the previous session, as persistent demand concerns due to the coronavirus pandemic outweighed hopes for a new U.S. stimulus package.
1:19 PM Hajiji capable to lead Sabah, says former CM Musa Aman
1:16 PM UOB Malaysia launches UOB Lady's saving account

KUALA LUMPUR: United Overseas (Malaysia) Bhd (UOB Malaysia) has launched the UOB Lady’s Savings Account, the only financial solution for women in Malaysia that combines a savings account with complimentary Takaful coverage for six female-related cancers
1:06 PM Ministry of Housing and Local Government to omit paper submission requirements
1:02 PM KLCI stays lacklustre as regional rally loses steam, World Bank lowers Malaysia...
12:50 PM Malaysia to finalise Covid-19 vaccine selection by early 2021, says Khairy
12:48 PM KLCI succumbs to consolidation pressures

KUALA LUMPUR: The FBM KLCI failed to shrug off the consolidation pressures as it erased earlier gains to descend into negative territory.
11:43 AM Palm oil’s biofuel goals just got a whole lot harder to achieve
11:32 AM Pandemic to keep Asia's growth at lowest since 1967, warns World Bank

TOKYO: The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank said in an economic update on Monday.
11:30 AM Hajiji sworn in as Sabah's 16th chief minister
11:29 AM Singapore's Temasek launches 50-year dollar bonds, its longest tenor issue

SINGAPORE: Singapore state investor Temasek Holdings (Private) Ltd is launching a clutch of long-dated dollar bonds, including its longest 50-year bonds, as part of its $25 billion guaranteed global medium term note (MTN) programme.
11:14 AM Factors hindering digital adoption among SMEs include lack of knowledge,...
11:08 AM Yinson shares rise on firm 2Q earnings
YINSON +1.1%,
11:06 AM India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports

NEW DELHI: India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said.
11:01 AM Affin Hwang Capital appoints Mona Suraya Kamaruddin as group MD

KUALA LUMPUR: Affin Hwang Capital has appointed Mona Suraya Kamaruddin as its group managing director, effective today.
10:49 AM World Bank lowers Malaysia's 2020 GDP forecast to 4.9% contraction
10:38 AM HLIB Research raises VS Industry’s FY21-22 earnings forecasts on better margin...
VS 0%,
10:24 AM KLCI retreats as World Bank lowers Malaysia's 2020 GDP growth outlook
10:16 AM Quick take: SCGM falls 6% despite improved earnings

KUALA LUMPUR: Shares in SCGM Bhd fell over 6% in early trade Tuesday despite posting stronger earnings in the first quarter ended July 31.
SCGM -0.6%,
10:09 AM Ringgit rebounds as risk-on mood, oil price improve

KUALA LUMPUR: The ringgit rebounded to open higher on Tuesday as risk-on mood and steady oil prices supported demand.
10:00 AM Southern Cable to raise RM71.2m from ACE Market IPO
9:39 AM Bursa tracks US lead higher

KUALA LUMPUR: Bursa Malaysia tracked Wall Street's overnight rally as bargain-hunters returned to equities following last week's correction and hopes rose of a US stimulus deal being passed.
9:30 AM Malaysia’s exports slip back into contraction in August
9:28 AM Ringgir rebounds as risk-on mood, oil prices improve
9:28 AM Ringgit rebounds as risk-on mood, oil prices improve
9:26 AM Quick take: Yinson share rise on earnings beat

KUALA LUMPUR: Shares in Yinson Holdings Bhd rose almost 2% after the group beat analyst expectations in its latest quarterly results.
YINSON +1.1%,
9:16 AM Trading ideas: UOA Development, Yinson, LKL, Kim Loong, Key Alliance

KUALA LUMPUR: UOA Development Bhd, LKL International Bhd, Yinson Holdings Bhd, Kim Loong Resources Bhd, Key Alliance Group Bhd and Solution Group Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.
UOADEV +0.6%, YINSON +1.1%, LKL -1.0%, KMLOONG -2.1%, KGROUP -6.7%,
9:11 AM KLCI kicks off on positive note in tandem with regional markets on Wall Street...
9:06 AM Maybank IB raises forecasts on VS Industry

KUALA LUMPUR: VS Industry Bhd's current valuation is looking inexpensive given its strong earnings growth catalysts, says Maybank Investment Bank Research.
VS 0%,
9:00 AM Malaysian banking sector trading at all-time low against book value
AFFIN +0.7%, MBSB 0%, AMBANK +1.4%, ABMB +0.5%, CIMB +1.0%, RHBBANK +2.2%, MAYBANK +0.7%, BIMB 0%, HLBANK +0.3%, PBBANK +1.0%,
8:51 AM Yinson to see stronger 2H on recognition of profits

KUALA LUMPUR: Kenanga Investment Bank Research is projecting for Yinson Holdings Bhd's second half to be even stronger after first-half results beat expectations.
YINSON +1.1%,
8:36 AM Wall Street closes higher as energy, financials lead broad rally

WALL Street rallied to close sharply higher on Monday as investors sought bargains among sectors hardest-hit by the coronavirus recession, now limping toward its ninth month.
7:46 AM Scope attempting breakout from sideway trading range, says RHB Retail Research
SCOPE +2.3%,
7:16 AM Brexit talks enter key week

LONDON: The UK and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreement.
7:16 AM Siemens to shy away from massive deals

ZURICH: Siemens does not see an urgent need for massive acquisitions to build up its size again after floating its turbine business Siemens Energy, according to a source close to the company.
7:16 AM In S. Africa, even skilled workers seek jobs on the streets

CAPE TOWN: South Africa is forecast to set an unwelcome world record this week when its statistics agency is predicted to report unemployment rose to a record 34.8% in the second quarter, which would be the highest of 83 countries tracked by Bloomberg.
7:16 AM Caesars says US$3.7bil bid high enough for William Hill

LONDON: Caesars Entertainment Inc said William Hill Plc’s board would likely recommend its £2.9bil (US$3.7bil) takeover offer price, putting it on the front foot in a potential bidding war with Apollo Global Management Inc.
7:16 AM CGC: Financial distress manageable

KUALA LUMPUR: Credit Guarantee Corp Malaysia Bhd (CGC) believes that the anticipated business distress when the six-month moratorium expires on Sept 30,2020 will be manageable
7:16 AM SoftBank brings food service robot to Japan

TOKYO: SoftBank’s robotics arm said on Monday it will bring a food service robot developed by California-based Bear Robotics to Japan as restaurants grapple with labour shortages and a new socially distanced norm as a result of the novel coronavirus.
7:16 AM MyCC imposes fines on Tune unit, 21 other insurers

PETALING JAYA: Tune Protect Group Bhd (TPG) said its unit, along with 21 other general insurance companies in Malaysia, have been found to have infringed Section 4 of the Competition Act 2010 by the Malaysia Competition Commission (MyCC).
TUNEPRO 0%,
7:16 AM Australia extends airline relief package

SYDNEY: The Australian government said it will extend a Covid-19 relief package for domestic airlines by four months in its annual budget, as one economics forecaster predicted the country would record a A$198.5bil (US$140bil) deficit.
7:16 AM Philippines’ Udenna eyes Shell’s Malampaya gas stake, seeks tie-up

MANILA: Philippine oil and shipping group Udenna Corp expressed interest in acquiring Royal Dutch Shell PLC’s 45% stake in the Malampaya gas-to-power project, in partnership with state-owned Philippine National Oil Co (PNOC).
7:16 AM Insight - ECB enters tricky phase in crisis response

Officials prepare for clash of clans on next stimulus move
7:16 AM IPO for K-Pop band BTS a big hit

SEOUL: Big Hit Entertainment, the management label of hugely popular South Korean K-Pop group BTS, has priced its initial public offering (IPO) at the top of its range, as hopeful buyers chased South Korea’s largest listing in three years.
7:16 AM Insight - No panic for sterling traders as Brexit fatigue sets in

BRITAIN may be heading for a no-deal Brexit in three months, but for traders in London, the feeling so far is one of deja vu rather than a panicky rush to dump UK assets.
7:16 AM Samsung tipped to log strong Q3 earnings

SEOUL: Samsung Electronics Co is expected to report strong third-quarter earnings, analysts here say, as its mainstay semiconductor business remained solid despite a decline in memory prices, while its mobile and home appliance sales soared on pent-up demand amid the pandemic.
7:16 AM Country Heights to accept cryptocurrencies

KUALA LUMPUR: Country Heights Holdings Bhd is eyeing to accept selected cryptocurrencies for the purchase of the group’s goods and services in the next six to 12 months as part of its digital transformation plan.
CHHB 0%,
7:16 AM Olam snags US$200mil Sora-pegged club loan

SINGAPORE: Agri-food giant Olam International has obtained Singapore’s first club loan pegged to the Singapore Overnight Rate Average (Sora) from DBS and the Industrial and Commercial Bank of China, Singapore Branch (ICBC Singapore).
7:16 AM Thailand’s fiscal struggle weighs on outlook

BANGKOK: Fiscal policy is back in focus in Thailand as the central bank runs out of conventional monetary policy space to spur the economy.
7:16 AM China’s strategy to ensure sustainable, quality growth

BEIJING: Rising global economic uncertainties, especially those caused by the Covid-19 pandemic, won’t stop China’s pace of building a moderately prosperous society by year-end, as the country’s “dual circulation” development road map is set to offer new drivers of growth, said a senior scholar.
7:16 AM August trade surplus grows

PETALING JAYA: Malaysia’s trade surplus expanded 19.7% on a year-on-year (y-o-y) basis to RM13.23bil in August as higher exports of electrical and electronic (E&E) and rubber products cushioned the decline in overall exports.
7:16 AM Things look bright for Solarvest as growth goes through the roof

KUALA LUMPUR: Solar photovoltaic (PV) system specialist, Solarvest Holdings Bhd, is positive about its business outlook as it ramps up expansion efforts in the domestic and overseas markets.
SLVEST 0%,
7:16 AM Mixed views on Bumi Armada despite job extension

PETALING JAYA: Although Bumi Armada Bhd has received a contract extension worth billions of ringgit, analysts have mixed views due to the company’s debt level and the overall challenging outlook for the oil and gas industry.
ARMADA -1.9%,
7:16 AM Green issues hold up UMB’s plans

No sweet start for huge stevia-planting project in Sulawesi
7:16 AM Indonesia unions threaten strike over labour reforms

JAKARTA: Indonesian trade unions threatened to stage a national strike next month after a committee in parliament agreed to move ahead with proposed labour reforms in President Joko Widodo’s controversial “Job Creation” bill.
7:16 AM AirAsia likely to have another round of retrenchments

KUALA LUMPUR: Low-cost airline AirAsia Bhd may again be laying off a few hundred employees as it seeks to survive in an industry hit hard by the Covid-19 crisis.
AIRASIA +0.7%,
7:16 AM Eco World’s earnings forecast raised

PETALING JAYA: Eco World Development Group Bhd has had stronger-than-expected progress billings, better gross margins and faster construction progress in the third quarter. And analysts have raised the group’s earnings forecas
ECOWLD 0%,
7:16 AM Gamuda’s prospects set to improve

PETALING JAYA: Gamuda Bhd could see improved earnings in the first half of next year after incurring a net loss in the fourth quarter underpinned by the likely resumption of major infrastructure projects to pump prime the economy.
GAMUDA 0%,
7:16 AM TNB takes lion’s share of SPG for RM283mil

PETALING JAYA: Tenaga Nasional Bhd (TNB) has acquired an additional 19% stake in subsidiary Southern Power Generation Sdn Bhd (SPG) and 13% Class B redeemable preference shares from SIPP Energy Sdn Bhd for RM283mil.
TENAGA +0.2%,
7:16 AM Electronics provider VSI nets RM54mil profit

PETALING JAYA: Electronics manufacturing services (EMS) provider V.S Industry Bhd (VSI) saw its net profit fall 3.8% to RM54.12mil in the fourth quarter ended July 31, against RM56.26mil in the same period last year.
VS 0%,
7:16 AM Green Packet buys 51% stake in Censof’s payment processing firm

PETALING JAYA: Green Packet Bhd has acquired a 51% stake in payment processing technology firm T-Melmax Sdn Bhd, a company owned by financial management software solutions provider, Censof Holdings Bhd.
GPACKET +1.0%, CENSOF 0%,
7:16 AM Big test for Malaysian bonds

PETALING JAYA: Already on the verge of being removed from the World Government Bond Index (WGBI), Malaysia faces another issue affecting its position in the index.
7:16 AM Alliance Bank has zero tolerance towards money laundering

KUALA LUMPUR: Alliance Bank Malaysia Bhd, one of the banks reportedly mentioned in a leaked document of the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN), said it has zero tolerance towards money laundering and terrorism financing.
ABMB +0.5%,
7:16 AM Margin financing relief measures extended

KUALA LUMPUR: The Securities Commission and Bursa Malaysia have extended the temporary relief measures relating to margin financing to Dec 31,2020.
7:16 AM Ekuinas fund brings RM582mil returns

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas), the government-linked private equity fund management company, recorded a gross portfolio return of RM582.9mil for its Ekuinas Direct (Tranche II) fund last year.
7:16 AM Fima to acquire land for RM52mil

KUALA LUMPUR: Fima Corp Bhd is proposing to buy two parcels of leasehold plantation land measuring 3,237ha in Gua Musang, Kelantan, for RM51.5mil.
FIMACOR -0.7%,
7:16 AM Advent of new uncertainties

PETALING JAYA: The market is venturing into an uncertain final quarter of 2020 with headwinds looming from multiple directions.
7:16 AM SCGM profit up four-fold in first quarter

PETALING JAYA: SCGM Bhd’s net profit in the first quarter ended July 31,2020 quadrupled to RM8.3mil compared with RM2.2mil in the same quarter a year ago.
SCGM -0.6%,
7:16 AM UOA REIT to buy Corporate Tower

KUALA LUMPUR: The trustee of UOA Real Estate Investment Trust has entered into a conditional sale and purchase agreement with UOA Development Bhd’s unit Distinctive Acres Sdn Bhd for the proposed acquisition of UOA Corporate Tower for RM700mil cash.
UOAREIT 0%,
7:00 AM UK seeks to boost job training to help workforce recover from COVID-19

LONDON: Britain will launch training options for adults to learn new skills in an effort to boost productivity and help the country recover from the coronavirus crisis, Prime Minister Boris Johnson will announce on Tuesday.
7:00 AM The Edge-Citigold Wealth Webinar Series 2020: Be prepared for interest rates to...
6:53 AM Musk plans IPO for SpaceX's Starlink business

NEW YORK: Tesla Inc Chief Executive Officer Elon Musk plans to list SpaceX's space internet venture, Starlink, several years in the future when revenue growth is smooth and predictable.
6:45 AM US lawmakers propose airplane certification reforms after fatal Boeing crashes

WASHINGTON: The leaders of the U.S. House Committee on Transportation and Infrastructure on Monday introduced bipartisan legislation to reform the Federal Aviation Administration's (FAA) aircraft certification process in the wake of two fatal Boeing 737 MAX crashes
6:38 AM Oil up 1% on economic hope; virus fears check price gains

NEW YORK: Oil prices rose 1% on Monday as global equities rallied on hopes for another U.S. stimulus package, but rising virus cases fed concerns about fuel demand and kept oil futures from moving higher.
6:32 AM GLOBAL MARKETS-'Relief rally' pushes equity markets higher; bonds flat

NEW YORK: Global equity markets surged and the dollar fell from two-month highs on Monday as investors moved into beaten-down sectors such as banks and travel on the heels of last week's sharp sell-off.
6:19 AM Asian stocks to extend global rally; dollar falls
12:28 AM Shopping malls take steps to curb Covid-19
12:25 AM Alliance Bank says it has zero tolerance towards money laundering
ABMB +0.5%,
12:23 AM Cops solve 69 travel package scams involving losses over RM500,000
12:18 AM Key Alliance to develop Rice Information Management System
KGROUP -6.7%,
12:15 AM Johor: 15% rebate for real estate owners from October
12:10 AM Malaysia's pepper industry needs big investors — Willie Mongin
12:07 AM Covid-19: Sarawak tightens travel conditions
12:00 AM Sabah CM: Muhyiddin thanks GRS partners for nominating Hajiji, values team...
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