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Ajinomoto (Malaysia) Bhd’s (AMB) parent company Ajinomoto Co Inc (Ajico) has proposed to privatise the food seasoning ma...
22/06/2026

Ajinomoto (Malaysia) Bhd’s (AMB) parent company Ajinomoto Co Inc (Ajico) has proposed to privatise the food seasoning manufacturer via a selective capital reduction and repayment (SCR) exercise at RM20 per share.
In a filing with Bursa Malaysia today, AMB announced that its board of directors received a letter from Ajico today notifying it of the proposal.

The proposed exercise involves a capital repayment of RM603.4 million, or RM20 per share, to entitled shareholders – shareholders other than Ajico – who collectively hold 30.17 million AMB shares or 49.62% of the total AMB shares in issue.

The Port Klang Free Zone (PKFZ), now 86% “reactivated” after nearly two decades of underutilisation, has generated RM108...
20/06/2026

The Port Klang Free Zone (PKFZ), now 86% “reactivated” after nearly two decades of underutilisation, has generated RM108 million in revenue.
PKFZ Sdn Bhd, a subsidiary of the Port Klang Authority (PKA), recorded a 14.9% increase in throughput to 110,467 20-foot equivalent units (TEUs) as of May 2026.

Transport minister Loke Siew F**k said PKFZ had undergone a challenging transformation since last year and delivered steady, encouraging growth over the past 18 months

US and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a prelimin...
16/06/2026

US and Iranian officials said they had reached an agreement to end their war and reopen the Strait of Hormuz, a preliminary pact that sent oil prices falling but leaves the fate of Tehran’s nuclear programme to further negotiations.
While still a framework, the deal marked the biggest breakthrough towards resolving the conflict that has killed thousands and upended energy markets since it began with joint US-Israeli strikes on Iran in February.

“The Deal with the Islamic Republic of Iran is now complete,” US President Donald Trump wrote on his Truth Social platform at around 5.30pm in Washington on Sunday.

ChatGPT and Claude are betting on Spain. Le Chat from France’s Mistral reckons Les Bleus will clinch it, and China’s Dee...
14/06/2026

ChatGPT and Claude are betting on Spain. Le Chat from France’s Mistral reckons Les Bleus will clinch it, and China’s DeepSeek and Qwen have a fondness for Argentina.
The 2026 World Cup is the first with widely available generative AI chatbots, and fans and researchers alike are turning to the systems in a bid to predict the final victors.

This year’s fad for non-human answers recalls Paul the Octopus, the cephalopod who divined winning teams by eating from food containers marked with their flags during the 2010 contest.

Duopharma Biotech Bhd’s wholly-owned subsidiary, Duopharma (M) Sdn Bhd (DMSB), has secured a RM155.28 million contract f...
11/06/2026

Duopharma Biotech Bhd’s wholly-owned subsidiary, Duopharma (M) Sdn Bhd (DMSB), has secured a RM155.28 million contract from the health ministry to supply recombinant human insulin products and reusable insulin pens to government healthcare facilities.
In a filing with Bursa Malaysia, the pharmaceutical company said DMSB had received and accepted a letter of award from the government for the three-year contract, which commenced on June 3, 2026.

“The contract is in the ordinary course of business of the Duopharma Biotech group of companies and will enable DMSB to supply the products to health ministry facilities.

Oil prices slipped and stock markets were mixed Friday as traders reacted to Mideast war developments and concerns over ...
05/06/2026

Oil prices slipped and stock markets were mixed Friday as traders reacted to Mideast war developments and concerns over the AI sector.
The US dollar retreated against main rivals ahead of key US jobs data later in the day.

European stock markets gained after losses in Asia and on Wall Street caused by weakness among some technology companies.

The US commerce department on Sunday moved to close a year-old potential loophole it had created that may have led compa...
02/06/2026

The US commerce department on Sunday moved to close a year-old potential loophole it had created that may have led companies to export the world’s most advanced chips – like Nvidia’s most sophisticated Rubin and Blackwell processors, as well as AMD’s MI350x – to Chinese entities located outside China.
The unexpected guidance suggests the US’s best AI chips may have been making their way to the subsidiaries of Chinese AI firms based in places like Malaysia for almost a year, despite broader US efforts to starve Chinese firms of semiconductors needed to develop critical AI capabilities.

The new guidance was posted on the commerce department’s website on Sunday.

Tanco Holdings Bhd will provide financial assistance of up to RM250 million to fund land acquisition and development cos...
30/05/2026

Tanco Holdings Bhd will provide financial assistance of up to RM250 million to fund land acquisition and development costs for the first phase of the Port Dickson Free Zone project, the company said in a share market filing today.
The financial assistance will be provided through shareholder advances and corporate guarantees, Tanco told Bursa Malaysia. It said the proposed acquisition involves a 121.41-hectare plot of freehold land in Pasir Panjang, Port Dickson, for RM88.5 million.

“The proposed provision of financial assistance will be in the form of shareholder advances to PDFZ Sdn Bhd (PDFZSB) in cash and corporate guarantees for banking facilities to be obtained by PDFZSB, if any.

An entrepreneur and venture capitalist has warned that Southeast Asia is approaching a “golden age” moment in artificial...
28/05/2026

An entrepreneur and venture capitalist has warned that Southeast Asia is approaching a “golden age” moment in artificial intelligence governance, but is in danger of letting it slip by failing to act collectively or with urgency.
Khailee Ng, a partner at venture capital firm 500 Global, said many governments in the region treat AI the way they once treated social media – as a novelty rather than critical infrastructure.

“I’m worried that Southeast Asia is sitting at the precipice of a new golden age, and it didn’t take this shot,” he said on the Keris & Silicon podcast, hosted by former Umno Youth information chief Shahril Hamdan.

Farm Fresh Bhd posted a higher net profit of RM129.61 million for the financial year ended March 31, 2026 (FY2026), comp...
27/05/2026

Farm Fresh Bhd posted a higher net profit of RM129.61 million for the financial year ended March 31, 2026 (FY2026), compared with RM106.40 million in the previous financial year.
Revenue also increased to RM1.12 billion from RM981.18 million previously, surpassing the RM1 billion mark for the first time since the company’s listing in 2022.

“The group achieved a significant milestone as revenue surpassed the RM1 billion mark, rising by RM134.50 million compared with the corresponding financial period,” it said in a filing with Bursa Malaysia today.

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