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Maxis, CelcomDigi, YTL Power, TM, MAHB, Superlon, Cypark, NTPM, MCE, Astino, Hiap Teck, CIMB, Sentoria, UEM Sunrise, Haily, Coastal Contracts
KUALA LUMPUR (June 28): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: Digital Nasional Bhd announced on Friday that four mobile network operators (MNOs) have each completed their respective share subscription agreements (SSAs) and acquired a 16.3% stake in the company — higher than the 14% they were initially expected to take up — as Telekom Malaysia Bhd (KL:TM) has yet to complete its...
MoneyKucingko fixes IPO price at 30 sen, set to be first animation studio on Bursa
KUALA LUMPUR (June 28): Kucingko Bhd has fixed its initial public offering (IPO) price at 30 sen per share to gross RM60 million from the ACE Market, with the company set to be the first listed animation production studio in Malaysia. The IPO involves a public issue of 100 million new shares, and an offer for sale of 100 million existing shares, according to the prospectus filed with Bursa Malaysia. All in all, the listing offers investors up to...
MoneyBNM plans to have banks provide basic accounts at minimal costs
KUALA LUMPUR (June 27): Malaysia’s central bank said on Thursday it plans to ask conventional and digital banks to provide basic savings accounts and basic current accounts at minimal costs to consumers. The move aims to boost access to essential services, particularly for the “unserved and underserved” segments of the Malaysian population, Bank Negara Malaysia (BNM) said. Among the main challenges for these consumers include the relatively high...
MoneyFelda has succeeded in second bid to sell back Eagle High stake to Rajawali, says Zahid
KUALA LUMPUR (June 27): Felda-owned FIC Properties Sdn Bhd (FICP) has succeeded in its second attempt to exercise the put option to sell its 37% stake in PT Eagle High Plantations Tbk back to the Rajawali Group, Deputy Prime Minister Datuk Seri Ahmad Zahid said on Thursday. This came after an arbitral tribunal ruled in favour of FICP against the Indonesian group on June 14, said Zahid. He said the tribunal ordered either PT Rajawali Capital...
MoneyThree Dr Yu-linked counters fall following allegations of market rigging, manipulation
KUALA LUMPUR (June 27): Three counters linked to prominent investor Datuk Dr Yu Kuan Chon fell during Thursday’s early trade, following the Securities Commission (SC)’s statement on Wednesday that it has sued him for alleged market rigging and manipulation. Property developer YNH Property Bhd (KL:YNHPROP) fell as much as 12.5 sen or 20.7% to 49 sen during Thursday’s early trade. At 11.30am, it was trading at 48.5 sen, valuing the group at RM257...
MoneyMOF confirms Axiata suffered losses in Nepal venture
KUALA LUMPUR (June 27): The federal government has confirmed that telecommunications and digital conglomerate Axiata Group Bhd (KL:AXIATA) suffered losses from its venture in Nepal. According to the Ministry of Finance (MOF), Axiata incurred losses from its investment in Nepal, but did not specify the actual amount. Instead, the ministry emphasised that the group had achieved a cumulative net profit of more than RM25 billion since its listing on...
MoneyHELP University founding Chan family buys back controlling stake from Southern Capital
This article first appeared in The Edge Malaysia Weekly on June 17, 2024 - June 23, 2024 TEN years since Southern Capital privatised HELP International Corp Bhd (HIC) in 2014, the private equity firm has decided to exit, and the buyer is none other than a consortium of shareholders led by the education group’s founding Chan family. The family’s private vehicle — CL Heritage Sdn Bhd — has taken up a 70% stake in the subsidiaries of HIC, while the...
MoneyBursa Malaysia mulling move to TRX
This article first appeared in The Edge Malaysia Weekly on June 17, 2024 - June 23, 2024 BURSA Malaysia Bhd (KL:BURSA) is contemplating moving its headquarters to The Exchange 106 at the Tun Razak Exchange (TRX) in Kuala Lumpur. The bourse operator and Mulia Property Development Sdn Bhd are in the final stages of negotiations on the move which, if it materialises, will likely see Bursa Malaysia occupying two storeys of the superstructure, say...
MoneyHow To Become A Millionaire
Dreams of becoming a millionaire are not far-fetched if one knows how to make it a reality. Here are the do's and don'ts to help you in your journey to becoming a millionaire. The post How To Become A Millionaire appeared first on iMoney Malaysia.
MoneyHave A Problem With Saving Money? You Are Not Alone
When it comes to good money management habits, excuses for why we do not save can become endless! The post Have A Problem With Saving Money? You Are Not Alone appeared first on iMoney Malaysia.
MoneyCOA strikes out appeal by Serba Dinamik and three others following withdrawal
PUTRAJAYA (June 25): The Court of Appeal (COA) on Tuesday struck out the appeal by Serba Dinamik Holdings Bhd (KL:SERBADK) and its three companies over them being wound up. This follows the companies withdrawing the appeal before a three-member bench led by Datuk P Ravinthran. Counsel Sandra Tan for Serba Dinamik informed the bench that they were withdrawing the appeal. Altogether, there were eight appeals, Tan said, and they had received...
MoneyDo You Have The Confidence To Manage Your Daily Money Matters Well?
If you are not sure if you are managing your money correctly, perhaps its time to amp up your financial capability. The post Do You Have The Confidence To Manage Your Daily Money Matters Well? appeared first on iMoney Malaysia.
MoneyCover Story: Are SMEs ready for e-invoicing?
This article first appeared in Digital Edge, The Edge Malaysia Weekly on June 24, 2024 - June 30, 2024 As the Aug 1 deadline approaches for the first batch of taxpayers — those with an annual turnover of RM100 million and above — to adopt e-invoicing for all their transactions, smaller businesses are bracing for their turn on Jan 1 and July 1 next year. However, concerns over this are already surfacing among companies and industry groups. Last...
MoneyForeign funds snap two-week buying spree, offloading RM441m last week, says MIDF
KUALA LUMPUR (June 24): Foreign funds snapped a two-week buying streak last week, and offloaded RM441.1 million of Malaysian equities, from an inflow of RM202.4 million the prior week. In its weekly fund flow report on Monday, MIDF Research said foreign investors net sold every day in the shortened trading week, in conjunction with the Hari Raya Haji holiday last Monday. “They net sold RM80.3 million on Tuesday, RM120.3 million on Wednesday,...
MoneyThe Week Ahead: Bills on Mavcom-CAAM merger, May inflation and IPO prospectus launches in focus
This article first appeared in The Edge Malaysia Weekly on June 24, 2024 - June 30, 2024 Lawmakers will table a pair of bills this week that will facilitate the merger between economic aviation regulator Malaysian Aviation Commission (Mavcom) and its technical counterpart Civil Aviation Authority of Malaysia (CAAM). The Malaysian Aviation Commission (Repeal) Bill 2024 and the Civil Aviation Authority of Malaysia (Amendment) Bill 2024 are...
MoneyThe Importance Of Diversification In Investment
We break down the concept of diversification with quick examples, and explain why it is so important in investment. The post The Importance Of Diversification In Investment appeared first on iMoney Malaysia.
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