BusinessToday's Trending Stories
Wentel Engineering Sets IPO Price At 26 Sen Per Share; Targets Proceeds of RM71.03 Million
ACE Market-bound Wentel Engineering Holdings Bhd (Wentel Engineering) sets its initial public offering (IPO) price at 26 sen per share, with market capitalization of RM299 million, based on the group’s enlarged share capital of 1.15 million shares.
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Shopee Parent SEA Believes LVG Tax Will Benefit MSMEs
Shopee parent company, Sea Limited said it welcomes Malaysia’s move to impose the low-value goods (LVG) tax adding that it will benefit local micro, small and medium enterprises.
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PADU And The Myth Of Data Driven Policy Decisions
The Malaysian Government recently launched the Central Database Hub (PADU), an effort led by the Economics Ministry to bring together information held by various ministries and government agencies into one, allowing the government a clearer picture of its 33.5 million population. Launched with great enthusiasm, PADU aims to allow the government to dive deeper beyond its citizen’s gross income in determining where help and subsidies should be directed.
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Kuala Lumpur-Singapore HSR Stages A 5-Corner Battle, YTL, Berjaya Group Go In Neck And Neck
Market news pointed out that at least five consortiums composed of domestic and foreign companies will submit concept plans for the Kuala Lumpur-Singapore High Speed Rail (HSR) today (Jan 15).
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Adzim Halim Makes Way For New Ninja Van CEO, Lin Zheng
Ninja Van Malaysia, a pioneering tech-enabled logistics company, has officially appointed Lin Zheng as its Chief Executive Officer (CEO), succeeding Adzim Halim, who now assumes the role of Group Chief International Officer.
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M-Reits Growth Momentum To Continue Albeit Neutral Call Issued: Maybank IB
Maybank Investment Bank Berhad (Maybank IB) remains NEUTRAL on M-REITs going into 2024, amid sustained occupancy and rental rates, and asset injection to provide the growth.
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Embracing Industry 4.0 Revolution: Trends, Challenges, Readiness In Malaysia’s Manufacturing Sector For 2024
By Varinderjit Singh, Country General Manager, Lenovo Malaysia
As part of Malaysia’s Madani Economy framework, the government is prioritising manufacturing as the country’s new growth engine. To achieve this, it is becoming increasingly important to adopt digital technologies within and beyond the factory walls. Digitalisation in manufacturing offers numerous benefits, including improved efficiency, increased productivity, and the ability to monitor, analyse, and resolve production bottlenecks in real-time throughout the entire business process.
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Ringgit’s Risks Grow As Political Angst Adds To Woes
The ringgit is vulnerable to a drop towards last year’s low as concerns over the fragility of Prime Minister Datuk Seri Anwar Ibrahim’s government add to the currency’s headwinds.
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Thaipusam 2024: KTMB Extends Free Train Services for Celebration
In anticipation of the upcoming Thaipusam celebration, Keretapi Tanah Melayu Berhad (KTMB) has announced a special treat for commuters. Commencing from January 23 to January 26, 2024, KTMB will provide additional 24-hour KTM Komuter train services, ensuring convenient travel for four days and three nights.
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Stock Picks Of The Day – Frontken, Mega First, Velesto, Unique Fire
Frontken is poised to extend its upside movement after jumping above the key resistance level.
RHB Retail Research in a note today (Jan 15) said the counter broke past the 5-month resistance of MYR3.50 to form a “higher high” bullish candlestick.
The breakout shows that momentum has become stronger.
Riding on this momentum, the stock should scale towards the next resistance levels at MYR3.65, followed by MYR3.90.
On the downside, a fall below the MYR3.30 support level would nullify the bullish structure.
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