Money
Risk-on mode for investors as geopolitical concerns subside
This article first appeared in Capital, The Edge Malaysia Weekly on May 6, 2024 - May 12, 2024 THE Wall Street adage of “Sell in May and go away” may not hold true this year as brisk market activity on the local bourse indicates that investors are not going away just yet. The saying is based on the fact that stocks normally perform best in the six months from November to April, compared to May to October when fund managers typically have their...
MoneyTM says contracts awarded by Home Ministry not material to group
KUALA LUMPUR (May 13): Telekom Malaysia Bhd (KL:TM) said on Monday that it had signed deals with the Home Ministry relating to two contracts worth RM120.5 million, at the recent Defence Services Asia (DSA) Exhibition and Conference 2024 and National Security (Natsec) Asia 2024. In a filing to Bursa Malaysia, TM said the contracts were awarded to its wholly owned unit TM Technology Services Sdn Bhd. "These contracts are in the ordinary course of...
MoneyGSC to launch GSC KL East next week, to close GSC Central Square Sungai Petani by early June
KUALA LUMPUR (May 13): Golden Screen Cinemas (GSC), which is operated by Malaysian conglomerate PPB Group Bhd (KL:PPB), said on Monday it will launch a new outlet in the KL East Mall here, and close its outlet in the Central Square shopping centre in Sungai Petani, Kedah. GSC KL East will be opened on May 20 with eight halls — including an Imax hall and the third PlayPark in Malaysia — while GSC Central Square Sungai Petani will be closed by...
MoneyUS investigating sale of ferrosilicon from Malaysia, other countries
KUALA LUMPUR (May 13): The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of ferrosilicon from Brazil, Kazakhstan, Malaysia, and Russia. Ferrosilicon is an alloy of iron and silicon with a typical silicon content by weight of 15%–90%. It contains a high proportion of iron silicides. In a statement last Saturday (May 11), the USITC said the...
MoneySC adds five entities to Investor Alert List, three being potential clones
KUALA LUMPUR (May 13): The Securities Commission Malaysia (SC) has updated its Investor Alert List. In an alert last Friday, the commission said the following persons/entities were added to the list: Potential clone entity — TROWE GROUP Potential clone entity — Future Strategy Minos Markets Ltd Potential clone entity — Amanah Harta Bumiputera Investor Saham (Bom Frofit) The Investor Alert List contains a list of unauthorised websites, investment...
MoneyRed Alert: Manufacturing and high technology industries most vulnerable to ransomware attacks, report finds
This article first appeared in Digital Edge, The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 Manufacturing and high technology industries were the most targeted victims of ransomware attacks in 2023, according to Palo Alto Networks’ Unit 42 Ransomware Retrospective blog and Incident Response Report 2024. This is due to the limited visibility into their operational technology systems, a lack of adequate network monitoring and the failure...
MoneyThe Pitch Deck: An IPO is a terrible thing to waste
This article first appeared in Digital Edge, The Edge Malaysia Weekly on May 13, 2024 - May 19, 2024 I have been speaking about the need to change the start-up funding narrative from the build to flip mentality to building enduring companies in my last few articles. I have also explained why mergers and acquisitions (M&A) do not really work in Malaysia because corporations in the country are risk-averse and, because of their dominant positions...
MoneyFulfil Your Financial Goals With The Right Insurance Plan
The right insurance policies will go a long way towards helping you safeguard your earning power, your possessions and your loved ones. The post Fulfil Your Financial Goals With The Right Insurance Plan appeared first on iMoney Malaysia.
MoneyPros And Cons Of Paying Your Personal Loan Early
Believe it or not, there are some downsides to getting rid of debt early. The post Pros And Cons Of Paying Your Personal Loan Early appeared first on iMoney Malaysia.
Money