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Webull sees greater retail participation among Malaysians, vying for market share
This article first appeared in Capital, The Edge Malaysia Weekly on June 3, 2024 - June 9, 2024 THE newest kid on the block, Webull Malaysia, sees ample opportunities in the local stockbroking space and is vying for a bigger market share with the seamless experience offered by its newly launched mobile trading application. “I believe there is room for greater retail participation. There are three million CDS (Central Depository System) account...
MoneyCORONATION SQUARE — Unsurpassed connection and location
An artist’s impression of the RM5 billion Coronation Square in Johor Bahru Strategically located near the Rapid Transit System (RTS) station at Bukit Chagar, Johor Bahru, which is currently under construction, it is hoped that the Coronation Square development that proximity to the station will increase property values and boost revenue for businesses within its boundaries. Developed by Coronade Properties Sdn Bhd, the development sits on 9.58...
MoneyIsmee: 'I won't refuse Najib's instructions'
KUALA LUMPUR (June 10): SRC International Sdn Bhd's former chairman Tan Sri Ismee Ismail said he would not refuse then prime minister Datuk Seri Najib Razak's instructions to the company, the High Court heard on Monday. This was particularly so, given that Najib, who held the position of prime minister and finance minister at the time, was also the person who had the final say in appointing the company's directors. Ismee said this in reply to...
MoneyMah Sing growing bigger in Johor
Mah Sing's ongoing developments in Johor As one of the earliest Klang Valley developers to venture into Johor 24 years ago, Mah Sing Group Bhd is now an established name in the state with its innovative and affordable luxury products. The developer started out as a white knight in the southern state, developing several abandoned projects from Danaharta. The first township there, Taman Sri Pulai Perdana in Skudai where it introduced the...
MoneyChampioning Urban Biodiversity for People and the Planet
Wildlife Park at the City of Elmina Sime Darby Property’s strong emphasis on urban biodiversity highlights its dedication to implementing nature-based solutions to enhance flora and fauna. These efforts are crucial for community resilience, safeguarding future communities and ecosystems, and enriching the quality of life for all. As a proponent of urban biodiversity, the Group is committed to preserving, regenerating, and strengthening healthy...
MoneyPublic Bank, RHB Bank, Maxis, Binastra, Paragon Globe, Turiya, DS Sigma, Euro Holdings, Engtex, Sunview, Toyo Ventures
KUALA LUMPUR (June 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: Public Bank Bhd (KL:PBBANK) has received approval from the State Securities Commission of Vietnam (Vietnam SSC) to acquire RHB Bank Bhd’s (KL:RHB) stockbroking firm in Vietnam for RM72.55 million. The approval by Vietnam SSC is subject to two conditions, namely the proposed acquisition must be completed within six...
MoneySenior living residence Sunway Sanctuary at Bandar Sunway garners about 30% occupancy; targets 60% by next year
SELANGOR (June 6): Sunway Healthcare Group's Sunway Sanctuary at Bandar Sunway, Selangor has garnered about 30% occupancy since it was opened a year ago. The senior living residence is targeting to reach 60% occupancy by next year, Sunway Healthcare Group president Datuk Lau Beng Long said at Sunway Sanctuary’s first anniversary media briefing on Thursday. “Going forward next year, we hope that our occupancy will double so we would have about...
MoneyNearly 80% of Malaysians use AI for work, citing exhaustion
KUALA LUMPUR (June 6): 77% of Malaysians have expressed that they don’t have enough time and energy to get their work done, especially after the Covid-19 pandemic. In light of the circumstances, 84% of people in Malaysia have started using artificial intelligence (AI) to save time, boost creativity and help focus on their most important work. According to the 2024 Work Trend Index released by Microsoft Corp and LinkedIn, 56% of employees use AI...
MoneyAEON Co buys two pieces of land in Seremban for RM103 mil to build a mall
KUALA LUMPUR (June 4): AEON Co (M) Bhd (KL:AEON) is buying two pieces of land in Seremban, Negeri Sembilan for RM102.89 million to build a shopping mall. The department store and shopping mall operator signed a sale and purchase agreement with Real Attraction Sdn Bhd on Tuesday to acquire the said parcels of land measuring 23.045 acres in Bandar Seremban Utama. According to AEON’s filing with Bursa Malaysia, the proposed acquisition is in line...
MoneyFluent Futures in Mandarin with Dual-Language Cambridge Programme
Mandarin language is one of the most widely spoken languages globally, with its influence reaching far beyond national boundaries. Recognising the growing importance of Mandarin in the international arena, Sunway International Schools Kuala Lumpur (SISKL) has introduced a ground-breaking dual-language programme within its Cambridge curriculum. This initiative enhances the school's competitiveness while also providing students with a significant...
MoneyInsider Moves: Eco World International Bhd, Solarvest Holdings Bhd, PDZ Holdings Bhd, Malayan Banking Bhd, Inari Amertron Bhd
This article first appeared in Capital, The Edge Malaysia Weekly on May 27, 2024 - June 2, 2024 Notable filings From May 13 to 17, notable changes in shareholding at Bursa Malaysia-listed companies included Eco World International Bhd (EWI), where Paramount Corp Bhd became a major shareholder after acquiring 517 million shares, or 21.54% equity interest, via a direct business transaction. According to a filing with the local bourse, Paramount...
MoneyMalaysia should consider raising retirement age as its people are living longer, says KWAP CEO
KUALA LUMPUR (June 4): Malaysia should consider raising the retirement age in light of rising life expectancy, said Retirement Fund (Inc) (KWAP) chief executive officer Datuk Nik Amlizan Mohamed. At the International Social Wellbeing Conference 2024 (ISWC), themed "Ageing and Longevity: Towards a Meaningful Retirement" organised by the Employees Provident Fund (EPF), Nik Amlizan emphasised the need to revisit pension plans and social security...
MoneyDNeX and Theta Edge in two-horse race for NIISe project
This article first appeared in The Edge Malaysia Weekly on May 27, 2024 - June 2, 2024 THE government is understood to have narrowed the field down to two companies — Dagang NeXchange Bhd or DNeX (KL:DNEX) and Theta Edge Bhd (KL:THETA) — for the National Integrated Immigration System (NIISe) project aimed at integrating the border control system under various agencies of the Ministry of Home Affairs, say sources. After a clarification meeting...
MoneyGX Bank Vs AEON Bank: Which Has Better Returns?
At first glance, it might be difficult to distinguish between the two. The post GX Bank Vs AEON Bank: Which Has Better Returns? appeared first on iMoney Malaysia.
MoneyZeti: 80% of AmBank's wrongdoing was during tenure of former MD Ashok Ramamurthy
KUALA LUMPUR (May 30): Former Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz told the High Court that 80% of AmBank’s wrongdoing during the 1Malaysia Development Berhad (1MDB) debacle happened during AmBank group managing director Ashok Ramamurthy’s tenure, and that his statement, which was recorded by the Malaysian Anti-Corruption Commission (MACC), was a “cover up”. Zeti, who is the 46th prosecution witness in the 1Malaysia...
MoneyHong Leong Bank's 3Q net profit rises 12% on higher interest income, writeback
KUALA LUMPUR (May 30): Hong Leong Bank Bhd (KL:HLBANK), the banking arm of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 12% year-on-year (y-o-y) in the third quarter, thanks to higher interest income and provision writeback. Net profit for the three months ended March 31, 2024 (3QFY2024) was RM1.04 billion compared to RM929.96 million over the same period a year earlier, Hong Leong Bank said in an exchange filing. Net...
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