BusinessToday's Trending Stories
Eco World To Acquire Iskandar Land For RM450 Million To Develop Botanic 3
Eco World Development via its subsidiary Eco Botanic 3 Sdn Bhd had entered agreements for a conditional development agreement with Johor State owned Permodalan Darul Ta’zim Sdn Bhd where PDT agreed to nominate Eco Botanic to purchase land for RM450 million for development.
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RHB IB Initiates BUY Coverage For Wasco On Bright Prospects, Robust Pipelines
RHB Investment Bank (RHB IB) initiated coverage for integrated energy infrastructure group, Wasco Bhd, with a BUY call for its bright prospects and robust pipelines.
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QES Group Invests RM40 Million In New Plant, Doubling Manufacturing Capacity
QES Mechatronic Sdn Bhd, a prominent subsidiary of QES Group Berhad, has announced a groundbreaking new venture in Batu Kawan Industrial Park. The state-of-the-art facility, known as “QES 2@BKIP,” signifies a significant leap forward for the global semiconductor equipment manufacturer, showcasing an impressive RM40 million investment. The plant will be used to double QES manufacturing capacity, and house the joint venture company, Applied Engineering Technology (M) Sdn. Bhd. with its USA counterpart Applied Engineering Inc.
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CGS-CIMB Downgrades Call To Reduce for Affin Bank On Sluggish Loan Growth
CGS-CIMB downgraded its call on Affin Bank Bhd to REDUCE from ADD as it expect a slowdown in loan growth in FY24.
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AirAsia Flight Operations In Guangzhou To Be Relocated To Terminal 1
AirAsia has informed that it will relocate its international flight operations at the Guangzhou Baiyun International Airport from Terminal 2 (T2) to Terminal 1 (T1), effective 25 January 2024.
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Singapore Minister Appears In Court After Corruption Probe
Singapore Transport Minister S. Iswaran appeared in court after a graft probe, the latest development in the biggest political scandal to hit the city state in close to four decades.
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Shariah’s view on intangible assets: insights for modern islamic finance
By: Khairul Anam Bin Dahalan
In the world of modern finance, intangible assets have become increasingly significant. These non-physical assets, such as patents, trademarks, copyrights, and goodwill, often constitute a substantial portion of a company’s value. However, when it comes to Shariah-compliant finance, there are specific principles and guidelines that must be followed. This article explores Shariah’s view on intangible assets related to waqf, zakat and wills and it provides insights for modern Islamic finance.
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Kenanga Cuts Ancom Nylex’s NP Forecasts On New Product Delays
Kenanga Research cuts net profit forecasts for Ancom Nylex Bhd to reflect further delays in the launch and the scaling up of its new product, the non-selective broad spectrum herbicide Tebuthiuron by about six months.
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Aerotrain Project A Stepping Stone For IJM Into MRT3, Bayan Lepas LRT
A consortium comprising French train maker Alstom and IJM- PESTECH JV has been awarded the RM456.1m KLIA Aerotrain
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Singapore’s Transport Minister Found Guilty, First Key Figure Charged Since 1988
Singapore’s Transport Minister S. Iswaran was charged with corruption, the latest development in the biggest political scandal to hit the city state in close to four decades.
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