Malaysia’s bamboo industry is gearing up for big growth, thanks to the Pelan Tindakan Pembangunan Industri Buluh Malaysia 2021-2030, a government plan designed to transform the bamboo sector into a major player in the economy.
Right now, bamboo exports are relatively small, contributing RM8.3 million in 2020 as compared to the RM22.5 billion in wood products, but the goal is to boost that number to RM85.0 million by 2030, an ...

MELAKA (Oct 15): The Melaka government is aiming for approximately 70% of the 186-hectare German Technology Park (GTP) currently under construction in Ayer Keroh to be filled by investors within two years.
Chief Minister Datuk Seri Ab Rauf Yusoh said the state government had received technical approval for the development of the GTP, and the infrastructure construction is expected to be completed within 12 months.
"The...

Last week, Popular Bank became the focus of Malaysian investors; Popular Bank will spend 1.72 billion ringgit to acquire the highest market share of fire insurance in our country, Lonpac Capital (LPI), equivalent to a stock price of 9.80 ringgit per share, much cheaper than the current trading price of Lonpac Capital.
However, after resumption of trading following a two-day suspension, Popular Bank's market sell-off was triggered by concerns over another announcement on the same day - the shareholding reduction by the Cheng family, causing the stock price to fall.
Objectively speaking, Popular Bank will not issue new shares to acquire Lonpac Capital this time, which means Popular Bank's earnings per share will increase by 1 cent to 2 cents after the 44.15% equity acquisition, enhancing Popular Bank's per share value.
Multiple media outlets have also reported that this acquisition will not result in any changes in management, as Popular Bank has deep roots in Malaysia and is considered a rare good bank. It is even expected to be one of the banks in Malaysia with the highest Interest Rate Spread, making it a long-time favorite among institutions and value investors.
Over the years, the financial performance of banks has also confirmed their steady and steady rise, not to mention their ability to resist risks. Therefore, the stock price drop caused by panic selling is actually an investment opportunity.
Disclaimer: The content of this article is for reference only and does not constitute any investment advice. The views expressed in the article are only the author's personal opinions. Readers should carefully consider their investment decisions...

PETALING JAYA: Malaysia is poised to attract global attention at the end of this year and starting next year, as it prepares to host several significant meetings while taking on the Asean chairmanship.
Prime Minister Datuk Seri Anwar Ibrahim said that as such, industry players, including the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Malaysia Chambers of Commerce should give their full cooperation....

WASHINGTON - The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday.
The report finds that these economies are poorer today on average than they were on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COV...

In an unexpected turn of events, Public Bank Bhd (KLSE: PBBANK), one of Malaysia’s largest commercial banks, saw its share price drop by 5.69% following the resumption of trading on 11th October 2024.
The sell-off came after the bank announced its acquisition of a 44.51% stake in LPI Capital Bhd (KLSE: LPI), Malaysia’s 7th largest general insurer. Notably, LPI’s insurance business is operated through its wholly-owned su...

BENGALURU Gold prices nudged higher on Thursday, while traders await a key US inflation data due later in the day to gauge the Federal Reserve's future monetary policy stance.
Spot gold rose 0.2% to US$2,614.00 per ounce by 0246 GMT, after easing for the previous six sessions. Prices scaled a record high last month.
US gold futures gained 0.2% at US$2,631.40.
The US Consumer Price Index (CPI) for September is due at 1230 GMT and the producer price index (...

OCR Group Bhd (Bursa: OCR), currently trading at just 3 cents per share, appears to be significantly undervalued, especially following their recent rights issue with free warrants.
With a modest market capitalization now and solid fundamentals (over RM100.0 million in revenue easily every financial year) in the property development and construction sectors, this undervaluation presents an attractive entry point for investors.
The company...

(From left) Sorento Capital Bhd executive directors Lee Chee Keong and Jayden Loo Jing Kai, managing director Loo Chai Lai and independent non-executive chairman Ahmad Zakie Ahmad Shariff, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim and Lim Shueh Li, the bank's head/senior vice-president of coverage and origination for Islamic capital markets, at the prospectus launch on Monday. (Pho...

(From left) Sorento Capital Bhd executive directors Lee Chee Keong and Jayden Loo Jing Kai, managing director Loo Chai Lai and independent non-executive chairman Ahmad Zakie Ahmad Shariff, Alliance Islamic Bank Bhd chief executive officer Rizal IL-Ehzan Fadil Azim and Lim Shueh Li, the bank’s head/senior vice-president of coverage and origination for Islamic capital markets, at the prospectus launch on Monday. (Pho...