Recent actions by the Board of Directors of South Malaysia Industries Berhad (SMI, 4375) have raised serious concerns among investors and minority shareholders. At the 52nd Annual General Meeting (AGM), several key resolutions, including the re-election of a director and the approval of the director's remuneration package, were rejected by shareholders. However, the Board appeared to disregard these outcomes...

Investors had recently raised eyebrows over a recent dispute over an alleged infringement of intellectual property by freshly ACE-market listed OBHB towards its previous Hong Kong based customer, Nature One Dairy (NOD), for a certain milk powder based product.
According to the prospectus of OBHB, the majority of the products of the companies are mentioned under goat milk, hence it is safe to assume that the allegations from NOD are goat mi...

As retail investors, we find ourselves in a state of confusion regarding the ongoing Mandatory General Offer (MGO) of South Malaysia Industries Berhad (SMI). The recent flurry of announcements and legal disputes surrounding the MGO has left us questioning whether this offer is still proceeding and why the communication from SMI’s management and Board of Directors appears to be unclear and contradictor...

Tex Cycle Technology (M) Bhd has signed an agreement with BiobiN Technologies Pty Ltd and Peats Group Ltd to manufacture and distribute BiobiN systems.
Tex Cycle said the partnership is set to enhance its capabilities in innovative waste management technologies by incorporating
BiobiN systems, a technology pioneered by BiobiN and Peats Group.
Peats Group is known for the recycling and marketing of organic resources.
Ce...

Creating its own semiconductor ecosystem is crucial for Malaysia to move up the value chain and be able to source local semiconductor chips to data centres, says Economy Minister Rafizi Ramli.
He highlighted that instead of relying on imported chips, Malaysia has to focus on developing its own semiconductor design capabilities.
With that in mind, Rafizi stated that the federal government’s strategic direction is to now enhance the entire semiconductor ecosystem, ...

Malaysia’s 2023 nominal gross domestic product (GDP) amounted to RM1.8 trillion, said the Department of Statistics Malaysia (DOSM).
Growth moderated to 1.6 per cent from the double-digit 15.9 per cent in 2022.
In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said that despite the moderated performance, the economy remained resilient, particularly through private final consumption expenditure, which increased 6.7 per cent....

Energy services firm Uzma Bhd (KL:UZMA) said on Friday it is working with two companies operating in Papua New Guinea to sell hydrocarbon fuel and products.
Uzma’s 51%-owned subsidiary, Jannatul Firdaus International Sdn Bhd, signed an expression of interest with refined petroleum products company Arafura Energies Ltd and services firm Australian Niugini Services (ANS) for the venture, the company said in an exchange filing.
"The hydrocarbon fuel s...

Last month, Kinergy Advancement Berhad (KAB) announced a collaboration with Permodalan Kedah Bhd (PKB) to develop various energy generation projects across Malaysia, focusing primarily on the state of Kedah.
Today, KAB has taken another significant step by forming a strategic collaboration with Johor Corporation (JCorp), the principal development institution driving Johor state's economic growth. This...

Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.4 per cent year-on-year (y-o-y) in May 2024, from 1.9 in the previous month, said the Department of Statistics Malaysia (DoSM).
In the latest monthly PPI Local Production for May 2024 report, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said all sectors registered an increase in May 2024, similar to the previous month.
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