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Focus Malaysia
A business weekly– corporate, SMEs, economics, personal wealth & current affairs
Focus Malaysia
6h
Heading towards a million COVID-19 cases by July 25
THE first case of COVID-19 in the country was detected on Jan 25 last year and it appears almost certain that the total number from then and now will reach one million this coming Sunday.While it took 18 months to reach the first million cases, it may only take another three months to clock the seco
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Focus Malaysia
7h
BAT Malaysia charts growth despite persistent tobacco black market
BRITISH American Tobacco (M) Bhd has marked a stronger turnaround for its 2Q FY2021 with a 31% year-on-year (yoy) jump in net profit to RM71.62 mil (2Q FY2021: RM54.61 mil; 1Q FY2021: RM63.11 mil) on the back of slight rise in revenue to RM595.8 mil (2Q FY2021: RM546.59 mil; 1Q FY2021: RM566.55 mil)
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Focus Malaysia
8h
Be emphatic when sharing suicide news, says self-regulating body
THE Communications and Multimedia Content Forum of Malaysia is strongly urging media professionals, content creators and the general public to self-regulate themselves when sharing news of suicides.“Irresponsible reporting of suicides is recognised as a risk factor, since it may trigger suicidal b
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Focus Malaysia
9h
AGM Watch: Gauging effectiveness of Sapura’s RM1.3 bil savings exercise
THE progress of Sapura Energy Bhd’s Acceleration Programme which aims to generate savings of RM1.3 bil has come under the Minority Shareholders Watch Group (MSWG) scrutiny.With more than half of the programme having been implemented to date, MSWG wants to know what is the balance of savings to be
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Focus Malaysia
9h
Where are the vaccines bought by the Federal Govt, asks S’gor exco member
SELANGOR exco member Ganabatirau Veraman has demanded answers from the Government over recent news that few ministers have the intention of purchasing vaccines for their clients or stakeholders using their respective ministries’ allocations.The Federal Government, too, allowed state governments to
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Focus Malaysia
10h
COVID-19 rate at its all-time high, with 7,672 cases in S’gor
MALAYSIA has recorded an all-time high daily infection rate of 15,573 cases today, bringing the cumulative total to 980,491.In a tweet, Health Ministry director-general Tan Sri Dr Noor Hisham Abdullah also announced that 10,094 patients have been cured, with the total discharged now stands at 825,38
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Focus Malaysia
10h
Bursa ends the week on a softer note, KLCI fell 0.27%
BURSA Malaysia’s key index ended the week on a consolidation mode ahead of the weekend.At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) fell 4.18 points or 0.27% to close at 1,523.44 compared with Thursday’s close of 1,527.62.The market bellwether opened 0.59 of-a-point higher at 1,5
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Focus Malaysia
11h
Oxygen problem at Ampang Hospital leads to record high COVID-19 death
HEALTH news portal CodeBlue today reported that at least 29 COVID-19 patients died on Eid al-Adha at Ampang Hospital after oxygen pressure dropped as the struggling facility admitted scores of critically ill COVID-19 patients requiring respiratory support.According to CodeBlue’s sources, Ampang Ho
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Focus Malaysia
12h
Global IPO momentum continues record-breaking pace through 1H 2021
HOT initial public offering (IPO) momentum from 1Q 2021 continued into 2Q 2021, resulting in the most active 2Q 2021 by deal numbers and proceeds in the last 20 years.In the latest findings of the EY Global IPO trends report, 1Q 2021 was dominated by IPOs of special purpose acquisition companies (SP
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Focus Malaysia
13h
Malaysian-own Western Gold debuts on ASX, eyes ‘gold rush’
MALAYSIAN-own TSLAW Group has ‘replicated’ the recent debut of Australian Securities Exchange (ASX)-listed OM Holdings Ltd on the Main Board of Bursa Malaysia by listing Western Gold Resources Ltd, a company which they hold a 16.88% direct stake in.The Perth-based Western Gold who is the owner a
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Focus Malaysia
13h
Malaysian companies in Vietnam not spared from COVID-19 plant closure
MAGNI-TECH Industries Bhd has become the second Bursa Malaysia-listed company after Poh Huat Resources Holdings Bhd to be subject to production halt in their Vietnamese operations in compliance with the government’s directive to close all non-essential businesses to contain the spread of COVID-19
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Focus Malaysia
15h
Decision to reopen schools based on experts’ suggestions, says union sec-gen
THE Education Ministry’s decision to allow schools to reopen from Sept 1 and any standard operating procedures (SOPs) that follow are based on suggestions by experts in the fields of medicine and education from all over the world, said National Union of the Teaching Profession (NUTP) secretary-gen
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Focus Malaysia
16h
Migrant CARE: Stop syndicates exploiting COVID-19 deaths
FUNERAL and burial of people who succumbed to COVID-19 have become talk-of-the-town since FocusM broke the news about unscrupulous funeral homes linked to public hospitals hiking up prices to perform the final rites on Hindus who died of COVID-19.Migrant Care Malaysia (Migrant CARE) has urged the Go
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Focus Malaysia
17h
Malaysia’s ‘fragmented’ political landscape is bad for foreign investors
AN amicable solution to leadership concerns would be positive for the Malaysian stock market given that this will stem foreign fund outflow from Bursa Malaysia which has reached RM4.81 bil for the week ended July 16.On this note, CGS-CIMB Research if of the view that the parliamentary majority suppo
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Focus Malaysia
18h
“Investing in Bursa’s property companies: Size matters”
2020 was a very challenging year for the Malaysian property sector in view of COVID-19 and the measures taken to control it. But the problems faced by the property sector pre-date the COVID-19 pandemic.The industry started the decade on a very positive note. But the Government soon instituted a numb
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Focus Malaysia
18h
Charges against Syed Saddiq politically suspicious, analyst says
THERE are at least two factors which particularly made Syed Saddiq Syed Abdul Rahman being charged politically suspicious, said a political analyst.Singapore Institute of International Affairs Senior Fellow Oh Ei Sun was responding to news that former youth and sports minister Syed Saddiq Syed Abdul
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Focus Malaysia
19h
YB Ventures to tap renewable energy market, incorporates new subsidiary
LEADING tiles manufacturer and information technology outfit YB Ventures Bhd (formerly Yi-Lai Bhd) is gearing up to make its maiden foray into the multi-billion ringgit renewable energy (RE) industry in Malaysia.Towards this end, the group has formed a new wholly-owned subsidiary – YB Renewable En
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Focus Malaysia
20h
What to expect on Bursa Malaysia on Friday
BELOW are excerpts of viewpoints from two selected research houses on what investors can expect in the day ahead:Inter-Pacific ResearchMalaysia equities took a firmer bounce yesterday, breaking its downward spell on bargain hunting on some of the recently beaten down stocks.Banking stocks were the m
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Focus Malaysia
21h
Hong Seng secures its largest COVID-19 PCR test kit supply deal
HONG Seng Consolidated Bhd whose share price has doubled since July 1 has bagged its biggest polymerase chain reaction (PCR) test kits for COVID-19 deal to-date.Yesterday (July 22), Pantasniaga Sdn Bhd, a 51% owned subsidiary of HS Bio Sdn Bhd  (formerly known as HS Bio Supplies Sdn Bhd) which in t
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Focus Malaysia
21h
Wall Street closes lower as weekly jobless claims hit two-month high
US STOCK markets closed higher after a mixed trading session as investors digested negative economic data reflecting the country’s struggle to move past the COVID-19 pandemic, while yields on safe-haven assets such as US Treasuries slipped.All three major US stock indexes ended in the green and wi
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