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Utusan soars as chairman takes up big stake

PETALING JAYA: Investors in Utusan Melayu (M) Bhd are rallying behind returning chairman Datuk Abd Aziz Sheikh Fadzir, who has taken up a substantial stake in the ailing newspaper publisher many hoped he can rescue.

Quick take: Utusan jumps 74% in early trade

KUALA LUMPUR: Shares in Utusan Melayu (Malaysia) Bhd raced higher in early trade on Monday.

Of mistakes, bloopers and emojis

THE year 2019 is starting to look interesting. After a boring January where nothing much happened, the pace is picking up both in business opportunities and political activities. After getting the New Year and Chinese New Year celebrations out of the way, entrepreneurs and politicians have started planning and strategising for the year ahead.

Quick take: Utusan Melayu exec chairman buys 31.6% stake for RM6.65m

KUALA LUMPUR: Utusan Melayu (Malaysia) Bhd executive chairman Datuk Abd Aziz Sheikh Fadzir has emerged as the single largest shareholder in the newspaper publisher when he acquired a 31.6% stake on Friday.

Crest Builder changes project plan

PETALING JAYA: Construction and engineering group Crest Builder Holdings Bhd is converting 17 floors of office space in its transport-oriented development (TOD) to mainly small offices, home offices (SoHos).

Rozabil retains 4.2% stake in Iris

PETALING JAYA: Datuk Rozabil Abdul Rahman has ceased to be a substantial shareholder in Iris Corp Bhd after his investment vehicle pared down its stake to a company controlled by his business partner Datuk Paul Poh, filings with Bursa Malaysia showed.

Rozabil no longer Iris substantial shareholder

KUALA LUMPUR: Datuk Rozabil Abdul Rahman has ceased to be a substantial shareholder in Iris Corp Bhd after his investment vehicle sold another block of shares to his business partner Datuk Paul Poh Yang Hong.

Patronage is king?

WHEN Tun Dr Mahathir Mohamad led the opposition to a stunning election victory, he had an effective rallying cry that reflected why Umno’s form of governance was problematic: “Cash is king!” If Dr Mahathir is not careful, worrying recent trends indicate a similarly disconcerting problem about Pakatan Harapan’s government: “Patronage is king!”

Political patronage debate is reason why reforms are needed

M. Shanmugam - The alternative view THE intense debate on giving government contracts to political leaders in return for support is healthy. It is a sign that there are leaders within the government who are determined to see that the political patronage system that was pervasive in the old Barisan Nasional administration is dismantled.

December historically positive for KLCI, says CIMB Research

KUALA LUMPUR: The FBM KLCI has historically posted positive returns in December, says CIMB Equities Research.