Capital markets news summary for Thu 16 Feb 2023 Malaysia’s 2P petroleum reserves at 6.9b barrels, 61% in Sarawak 4.2b probable and proven (2P) barrels of oil equivalent are in Sarawak while 1.3b are in Sabah. 2P reserves have more than 50% chance of being technically and economically possible to be produced. Although the country’s…
Capital markets news summary for Wed 15 Feb 2023 TIME investors concerned about losing growth catalyst with sale of data centre The company filed with Bursa on 22 Nov 2022 that it will divest 49% of the ordinary shares and 100% of the irredeemable convertible preference shares in AIMS Data Centre Holdings and 21% in…
Capital markets news summary for Tue 14 Feb 2023 Hong Seng expands further into EV The company with businesses in glove manufacturing, healthcare services and supplies and moneylending is acquiring Alliance EV from CSH Alliance for RM20m. Alliance EV is collaborating with BYD Malaysia for the distribution of the BYD T3 commercial electric van, the…
Capital markets news summary for Mon 13 Feb 2023 Iris selling 80% of NIISe developer for RM70m The company is retaining the balance 20% in Iris Information Technology Systems (IITS) which is the developer of the RM1.13b National Integrated Immigration System (NIISe). The purchaser is Tass Tech Technologies Sdn Bhd (TTT), whose holding company Tass…
Capital markets news summary for Fri 10 Feb 2023 Government to set up airport development fund The Airport Development Fund (ADF) will be funded via 50% of the passenger service charge (PSC) component of the user fee that Malaysia Airports Holdings Berhad (MAHB) pays to the government. The PSC is paid by departing passengers. The…
Capital markets news summary for Thu 9 Feb 2023 BNM shouldn’t raise SRR now Dr Yeah Kim Leng – a member of the special advisory body advising the Minister of Finance – believes that raising the Statutory Reserve Requirement (SRR) should be delayed given the expected global economic slowdown. Banks are required to maintain Statutory…
Capital markets news summary for Wed 8 Feb 2023 MyEG battered down 27% due to uncertainty The Immigration Department director general was reported to have said that all immigration services and processes will revert to the Immigration Department by 2025 including those currently managed by third parties. The Home Ministry has allocated RM900m for the…
Capital markets news summary for Tue 7 Feb 2023 Subang Airport Regeneration Plan approved by Cabinet The plan – which was prepared by Malaysia Airports Holdings Berhad – will focus on the development of the aerospace ecosystem, general aviation and business aviation, and city and secondary airport. Scheduled passenger flights and belly cargo flights using…
Capital markets news summary for Mon 6 Feb Skills mismatch for Malaysian graduates worrying This has caused graduates to be employed in semi-skilled and low-skilled jobs, a situation of skill-related underemployment. There is also attitudinal issues with graduates not willing to learn the basics once employed. According to a Malaysian Employers Federation (MEF) salary survey…
We launched a new course NVCM263 Cost Method of Valuation This course is SIDC-approved for 5 CPE points. It joins 15 other existing courses and altogether 20CPE.com now offers 90 CPE points. We are inching closer to the golden threshold of 35 CPD hours, which we look forward to achieving by 2025.NVCM263 Cost Method of…