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The Edge
5h
TikTok owner ByteDance's 2021 sales grow by 70%
BEIJING/HONG KONG (Jan 20): TikTok owner ByteDance saw its total revenue grow by 70% year on year to around US$58 billion in 2021, according to two people familiar with the matter, slower growth than a year earlier as China tightens its regulation of big tech companies. The figures were disclosed to a small group of employees at an internal meetin
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The Edge
5h
Crude's upward march continues, with supply concerns still dominant
NEW YORK (Jan 20): Oil rose modestly on Thursday, as bulls remain in charge, with benchmark Brent nearing US$90 a barrel, bolstered by strong demand and concerns about short-term supply disruptions. Brent crude futures were up 67 cents, or 0.7%, at US$89.07 a barrel at 11.32am EST (1632 GMT) after falling more than US$1 in earlier trade. The globa
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The Edge
5h
Growth bargains, upbeat earnings boost Wall Street
(Jan 20): US stock indexes rose on Thursday on strong earnings reports, while bargain hunting boosted mega-cap growth companies after the Nasdaq index plunged into correction territory in the previous session. The Nasdaq has had a rough two months since hitting a record peak in November, with investors dumping tech stocks on expectations that the
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The Edge
5h
Biden says any Russian movement into Ukraine will be considered invasion
WASHINGTON (Jan 20): US President Joe Biden said on Thursday that he has made clear to Russian President Vladimir Putin that any Russian movement into Ukraine would be considered an invasion, after he earlier suggested allies were split over how to react to any "minor incursion." "I have been absolutely clear with President Putin, he has no misund
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The Edge
5h
EMCO in Felda Kechau 6 and 9, Lipis, Pahang from Jan 22 to Feb 4
KUALA LUMPUR (Jan 20): The Enhanced Movement Control Order (EMCO) will be implemented at Ladang Felda Kechau 6 and Ladang Felda Kechau 9 in Mukim Kechau, Lipis, Pahang from Jan 22. National Security Council (MKN) director-general Datuk Rodzi Md Saad said the decision was made following the presentation of the risk assessment and Covid-19 infection
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The Edge
5h
Pulau Burung landfill operator failed to adhere to concession agreement — CM
GEORGE TOWN (Jan 20): The operator of the Pulau Burung landfill in Nibong Tebal has failed to adhere to several conditions in the concession agreement made in 2012, said Chief Minister Chow Kon Yeow. He said the State Executive Council meeting on Wednesday had received a report from the Local Government Division which found weaknesses in terms of
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The Edge
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Climate Change Bill legal framework completed — Tuan Ibrahim
KUALA LUMPUR (Jan 20): The Ministry of Environment and Water (KASA) has completed the climate change legal framework in December last year which will be the basis for the development of the country’s Climate Change Bill. Its Minister, Datuk Seri Tuan Ibrahim Tuan Man, said that among the contents of the Bill was governance which contained provisio
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The Edge
6h
Coraza, NWP Holdings, Solarvest, AirAsia X, FGV, Destini, Axis REIT and MMAG Holdings
KUALA LUMPUR (Jan 20): Based on corporate announcements and news flow on Thursday, companies that may be in focus on Friday include Coraza Integrated Technology Bhd, NWP Holdings Bhd, Solarvest Holdings Bhd, AirAsia X Bhd, FGV Holdings Bhd, Destini Bhd, Axis Real Estate Investment Trust and MMAG Holdings Bhd. Coraza Integrated Technology Bhd’s sha
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The Edge
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Govt considering providing grants for SMEs affected by floods — Tengku Zafrul
KUALA LUMPUR (Jan 20): The Finance Ministry is considering providing grants to small and medium enterprises (SMEs) and micro-entrepreneurs affected by the 2021/2022 Northeast Monsoon floods. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the Ministry was waiting for the list of entrepreneurs involved from SME Corp. "We have asked for a
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The Edge
6h
MPay to transform system payment MBPP
KUALA LUMPUR - ManagePay Systems Berhad (MPay) through ManagePay Services Sdn. Bhd. (MBSP) a wholly-owned subsidiary of the company has been awarded a project entitled Smart MBPP on January 13, 2022. The Board of Directors of MPay has announced via Bursa Malaysia that MPSB has received and accepted the Offer Letter dated January 17, 2022. In the
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The Edge
7h
Supermax confirms Canada govt terminated two nitrile glove supply contracts by mutual consent
KUALA LUMPUR (Jan 20): Supermax Corp Bhd, whose products are facing an import ban in the US, has confirmed the Canadian government has terminated its nitrile glove supply contract over allegations of forced labour. In a bourse filing on Thursday, Supermax said its Canadian subsidiary, Supermax Healthcare Canada Inc, has agreed to terminate by mutu
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The Edge
7h
MCMC denies being involved in telco company contest
KUALA LUMPUR (Jan 20): The Malaysian Communications and Multimedia Commission (MCMC) stressed on Thursday it has never been involved in any contest involving a telecommunications company that offered consolation prizes. In a statement on Thursday, MCMC said the notice was issued following the action of an unknown party disguised as MCMC officers a
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The Edge
7h
How Western sanctions might target Russia
LONDON (Jan 20): Growing tensions between Moscow and Western powers have raised the prospect of new sanctions being imposed on Russia, possibly the severest yet, if it attacks neighbouring Ukraine. US Senate Democrats have unveiled a bill to impose sweeping sanctions on Russian government and military officials, including President Vladimir Putin,
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The Edge
7h
PLUS committed to preventing congestion at RFID lanes at toll plazas
KUALA LUMPUR (Jan 20): PLUS Malaysia Berhad (PLUS) has identified areas of improvement in response to the recent inconvenience of congestion during the initial implementation of the second public pilot Radio Frequency Identification (RFID) along the North-South Expressway (NSE) from Juru to Skudai on Jan 15. PLUS in a statement Thursday said Senio
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The Edge
7h
West stresses unity on Ukraine after Biden implies divided response
BERLIN (Jan 20): Western countries insisted on Thursday they would be unified in responding strongly to any Russian assault on Ukraine, shifting into damage control after US President Joe Biden suggested divisions about how to react to a "minor incursion". Russia has massed tens of thousands of troops on its borders with Ukraine, and Western state
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The Edge
7h
China vows to curb technology firms’ influence on governments
(Jan 20): China vowed to curb the influence of tech companies on governments as part of a sweeping statement reaffirming the party’s vow to break the ties between money and power in a range of industries. In a communique released following the plenary session of the Chinese Communist Party’s top anti-graft group, the government said it wouldn’t re
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The Edge
7h
Blinken holds Ukraine talks with allies after Biden says attack likely
BERLIN (Jan 20): U.S. Secretary of State Antony Blinken met European allies in Berlin on Thursday, seeking to present a united front ahead of last-ditch crisis talks with Russia aimed at preventing Moscow from attacking Ukraine. The top U.S. diplomat has been on a mission to head off war, which will culminate on Friday with a meeting with Russia's
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The Edge
7h
Biden sees Russia moving on Ukraine, sows doubt on Western response
WASHINGTON/KYIV (Jan 20): US President Joe Biden predicted on Wednesday that Russia will make a move on Ukraine, saying Russia would pay dearly for a full-scale invasion but suggesting there could be a lower cost for a "minor incursion." Biden's comments at a White House news conference injected uncertainty into how the West would respond should R
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The Edge
8h
Europe threatens 'massive' sanctions if Russia attacks Ukraine
BERLIN (Jan 20): The European Union threatened "massive" economic sanctions if Moscow attacks Ukraine, and US Secretary of State Antony Blinken rallied allies on Thursday ahead of last-ditch crisis talks with Russia aimed at preventing war. Western countries are seeking to present a united diplomatic front before Blinken meets Russian Foreign Mini
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The Edge
8h
Biden says ‘uncertain’ whether China tariffs will be lifted
(Jan 20): President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from US businesses to relieve the duties. US Trade Representative Katherine Tai is “working on that right now,” Biden said at a news conference Wednesday marking his first year in office. But “the answer is uncertain,” h
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