Sik Cheong Plans To Use IPO Proceeds And Expand Beyond Klang Valley
Sik Cheong Berhad has entered into an underwriting agreement with TA Securities Holdings Berhad in conjunction with its upcoming initial public offering (“IPO”) on the ACE Market of Bursa Malaysia Securities Berhad.
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Geetha Kandiah Becomes MGCC’s Third Female President
The Malaysian-German Chamber of Commerce and Industry (MGCC) has appointed Geetha Kandiah, an intellectual property expert and CEO of KASS International, as its new president. The announcement was made following the Chamber’s Annual General Meeting held yesterday.
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HMPRO’s Earnings & Dividend Potential Make It A Top Investment Pick
Maybank Investment Bank (Maybank) said today in its Thailand Company Update that Home Product Center’s (HMPRO TB) risk-reward profile remains favourable and reiterated a BUY rating for its high ROE and attractive dividend yield.
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IJM Can Showcase Ability To Execute Complex Projects In DC Job Win
Maybank Investment Bank (Maybank), in its Malaysia Company Update today (June 28), reported positive developments for IJM Corporation following its latest job win to construct a data centre in Iskandar Puteri, Johor.
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Ringgit Maintains Range Amid US Economic Indicators & Political Uncertainty
The Malaysian ringgit held steady within a tight range of 4.705 to 4.718 against the USD over the past week, influenced by mixed US economic data. Despite weaker US housing figures, the USD index (DXY) strengthened above 106.0 due to Euro and GBP depreciation amid French political uncertainty and expectations of a BoE rate cut.
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Report: Jho Low, US DOJ Enter Final Agreement To Settle 1MDB Forfeiture Case
Singapore media CNA reported that that the United States Department of Justice has entered into a confidential agreement with fugitive financier Low Taek Jho in a bid to reach a global settlement – and possibly a final chapter – to the years-long asset forfeiture campaign tied to the corruption scandal at 1Malaysia Development Bhd (1MDB).
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MARC Mid-Year Review: Malaysia Set To Meet GDP Targets
MARC Ratings in its mid-year ecominc outlook report states tha the global economic growth is expected to sustain a moderate level in 2024. Growth forecasts for advanced European economies remain relatively stable despite lingering weaknesses. The strength of the US economy may moderate the pace of policy rate cuts, potentially leading to a less synchronised global monetary policy easing, compared to some central banks in Europe that have already begun reducing rates. Persistent mixed readings on inflation, especially in the US, have led to the paring down of expectations of interest rate cuts.
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MBSJ Gives Till August 2 To Object New Property Assessment Tax
Property owners who receive a notice of the new valuation list from the Subang Jaya City Council have till August 2 to object to the new assesstment valuation.
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New Mobile App Solution Launches For Oil & Gas Industry
Graffiquo Asia Sdn Bhd, a provider of advanced geospatial technology solutions, has launched a new product aimed at transforming operations within the oil and gas sector. GIX for Oil & Gas Field Workers promises to streamline data capture, asset management, and reporting processes, offering potential efficiency and safety improvements for industry players.
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Cyber Security Bill 2024 To Be Gazetted In Q3, Says Minister
The Cyber Security Bill 2024 is set to be gazetted in the third quarter of this year, according to Minister in the Prime Minister’s Department (Federal Territory), Dr. Zaliha Mustafa.
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