By RUPINDER SINGH MARC Ratings has slashed Zetrix AI Bhd's (KL) sukuk rating to CIS, the lowest category above default, warning of a high likelihood of non-repayment amid an unresolved covenant breach, mounting financial claims and serious corporate governance concerns. The rating agency toay downgraded Zetrix AI's Islamic medium-term
CPE Technology Bhd plans to buy a factory and office property in Ulu Tiram, Johor, for RM14.5 million to expand its manufacturing capacity. Its wholly owned subsidiary, Champion Precision Technology Sdn Bhd, entered into a sale and purchase agreement with Logitech Engineering Solutions Sdn Bhd today, CPE said in
by AKMAR ANNUAR PARTI Bersama Malaysia (Bersama) leader Lee Chean Chung has called for tighter election laws following controversy over the announcement of RM1,000 in government aid for drivers in Melaka. The former Petaling Jaya MP said his objection was to the timing and venue of Transport Minister Anthony
TOP GLOVE Corp Bhd shares closed at a year-to-date high of 96 sen yesterday, even as pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) disposed of nearly 1.3 million shares over three consecutive trading days last week. The glove maker's shares have gained 32 sen, or 50%, since the beginning
MELAKA – The nomination process for the 16th Melaka State Election, which concluded at 10am today, saw 79 candidates vying for the 28 State Legislative Assembly seats up for grabs. Representing various political parties and coalitions, as well as standing as independents, the candidates will face one-on-one, three-cornered or
MEXICO CITY — Lewis Hamilton claimed pole position for the Formula One (F1) Mexican Grand Prix (GP) on Oct 31, reported German Press Agency (dpa). It's a first pole for Ferrari since last year's Hungarian GP. The British driver clocked 1 minute 16.514 seconds, beating the Mercedes of George
The trajectory of computing costs is alarming finance chiefs already struggling to put a price tag on AI by RTHVIKA SUVARNA NO ONE ever wants to give a technology team a blank check. Yet for many CFOs, that’s exactly what they were asked to do in the early rush
by RUPINDER SINGH SD GUTHRIE Bhd’s proposed RM933.57 million land sale to a joint venture (JV) with YTL Power International Bhd and Bumi Assets Sdn Bhd offers an immediate financial boost while preserving its participation in the site’s future industrial development. For YTL Power, the partnership opens another avenue
by AUFA MARDHIAH CHINESE investors have indicated potential investments worth RM15 billion in Malaysia, with interest spanning six sectors as the country seeks to attract more high-value, technology-driven industries. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the preliminary investment interest emerged following discussions with a Chinese
YNH Property Bhd's wholly-owned subsidiary, YNH Construction Sdn Bhd, has reached an amicable settlement with the Inland Revenue Board (LHDN), paving the way for the withdrawal of a winding-up petition filed against it over outstanding tax liabilities. In a Bursa Malaysia filing today, the property developer said LHDN had
By SHAUQI WAHAB THE National Women's Voice Secretariat (SWN) has urged Victor Chin (picture) to come forward and provide evidence to support allegations that he had channelled more than RM9 million in funds to political leaders, as Bersama party leader Datuk Seri Rafizi Ramli faces mounting pressure to substantiate
BURSA Malaysia is expected to trade cautiously within the 1,610–1,630 range this week as investors brace for the US midterm elections, Bank Negara Malaysia’s (BNM) interest rate decision and continued uncertainty over the US Federal Reserve’s monetary policy direction. FBM KLCI, which closed 0.3% higher week-on-week at 1,615, is
by RUPINDER SINGH DEATHS statistically attributed to fire-smoke exposure in Malaysia between July 1 and Oct 22 carry an estimated RM8 billion welfare cost, according to a provisional study commissioned by the Federation of Malaysian Manufacturers (FMM), whose survey also found widespread disruption among responding member sites. The assessment
