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TMR

MRCB 1Q profit jumps 87% on stronger construction contributions

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MALAYSIAN Resources Corp Bhd posted a stronger first quarter for 2026, with revenue rising 46% to RM319.2 million and pre-tax profit climbing 87% to RM9.1 million, driven mainly by its engineering, construction and environment (ECE) division.

The improvement was supported by contributions from the completed LRT3 project and higher progress from the Kompleks Sukan Shah Alam redevelopment, with additional momentum expected as reinstated LRT3 station works begin ramping up.

The ECE division recorded a 69% jump in revenue and more than tripled operating profit, underpinned by near-completion of LRT3 works and ongoing infrastructure projects including flood mitigation and highway upgrades.

However, the property division remained weak, posting an operating loss due to lower contributions from completed developments as inventories were depleted. Despite this, MRCB is targeting RM800 million in property sales in 2026, supported by both domestic and overseas projects.

The group said its sizeable order book and new infrastructure contracts secured in 2025 will provide stronger earnings visibility as execution accelerates through the year. — TMR

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News

Over 169,000 SPM school leavers secure IPTA places through UPUOnline

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PUTRAJAYA — A total of 169,803 students who sat for the 2025 Sijil Pelajaran Malaysia (SPM) examination have been offered places at public higher education institutions (IPTA) through UPUOnline.

The Ministry of Higher Education (MOHE) said of the total, 91,357 candidates received offers from public universities, 60,947 from polytechnics, 15,844 from community colleges and 1,655 from institutions under Majlis Amanah Rakyat (MARA) Higher Education Division.

In a statement today, MOHE said it received 235,480 eligible applications from SPM school leavers through UPUOnline this year.

“A total of 363 programmes were offered for this intake, comprising 41 certificate programmes, 57 foundation programmes, 264 diploma programmes and one bachelor’s degree programme.

“Admissions were based on the meritocracy principle, with eligible candidates ranked according to merit scores from highest to lowest,” read the statement.

The ministry also provided special pathways for 701 persons with disabilities, 310 Orang Asli candidates, 179 athletes, 10,499 candidates from the B40 group and 65 candidates from institutions under the Social Welfare Department (JKM).

“For the first time, all academic programmes are open to persons with disabilities based on their qualifications and suitability, as part of efforts to make higher education more inclusive and accessible,” the statement said.

The ministry also offered places to students who obtained excellent results of 8As and above, reflecting the government’s commitment to supporting outstanding students in pursuing higher education.

Candidates who did not receive offers may submit appeals through UPUOnline from today until 5pm on May 31, 2026.

MOHE also congratulated successful candidates and encouraged them to make full use of the opportunity to further their studies. — BERNAMA

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Markets News

Bursa Malaysia ends higher on bargain hunting

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KUALA LUMPUR — Bursa Malaysia ended higher on Friday as bargain hunting resurfaced following several weak trading sessions.

At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.31 points, or 0.25 per cent, to 1,712.67, from yesterday’s close of 1,708.36.

The benchmark index, which opened 3.35 points higher at 1,711.71, moved in a narrow range between 1,710.30 and 1,715.71 throughout the session.

Market breadth was positive, with gainers outpacing losers 629 to 539, while 540 counters were unchanged, 1,010 untraded and 64 suspended.

Turnover rose to 3.68 billion units worth RM3.58 billion compared with 3.49 billion units worth RM3.70 billion on Thursday.

Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said support for the FBM KLCI remained firm above 1,710, but investors continue to adopt a cautious stance in the near term as market volatility is likely to weigh on sentiment.

“Having said that, easing concerns in West Asia and a modest decline in Brent crude prices have improved sentiment slightly,” he told Bernama.

Globally, he said major regional indices trended higher on strong performance in technology stocks, while investors remained focused on US-Iran negotiations that may help ease tensions in West Asia and stabilise oil supply flows through the Strait of Hormuz.

Among heavyweights, IHH Healthcare added four sen to RM8.96, Maybank and Tenaga Nasional eased four sen each to RM11.00 and RM14.42, respectively, while Public Bank and CIMB were flat at RM4.77 and RM7.75, respectively.

On the most active list, SkyeChip jumped 37 sen to RM2.70, EI Power rose 7.5 sen to 62.5 sen, Tanco put on two sen to RM1.72, Zetrix AI slid 2.5 sen to 79.5 sen, while GIIB was flat at 39.5 sen.

Among top gainers, Malaysian Pacific Industries advanced RM2.30 to RM48.50, Hong Leong Industries gained 84 sen to RM18.74, Vitrox Corporation jumped 44 sen to RM6.92, MI Technovation soared 38 sen to RM4.20, and BM Greentech garnered 33 sen to RM1.44.

As for top losers, Petronas Dagangan lost 96 sen to RM17.84, Nestle gave up 40 sen to RM95.60, Petron Malaysia Refining & Marketing fell 26 sen to RM4.10, Ta Ann shed 23 sen to RM5.38, and Hong Leong Bank slipped 20 sen to RM22.00. — BERNAMA

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PR Newswire

The City Shines Brighter Than Ever As Vivid Sydney 2026 Commences

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Click here for new content package including interviews, and b-roll footage

Click here for images & VNR of Vivid Sydney 2026 Lights On launch moment (including Minster Kamper pressing the button and fireworks across Sydney Harbour) – content will be loaded from 10PM AEST.

Full program and tickets available at www.vividsydney.com

SYDNEY, May 22, 2026 /PRNewswire/ — The Sydney harbour and CBD has once again been reimagined as a vibrant city in colour as Vivid Sydney kicks off its 16^th year. In a festival-first, there is no theme for artists and creators to work within, so visitors can expect to see unparalleled creativity across curated Light, Minds, Music, and Food events and experiences this year.

VS26_SOH_OperaMundibyYannNguema_CREDITDestinationNSW

From today, festival-goers can experience more than 200 events over 23 nights that will ignite the senses, stimulate their minds, and tap into unexplored wonder, giving both locals and visitors a unique opportunity to experience Sydney in a whole new light.

This year’s program is home to more than 80% free events across both daytime and evening, a condensed 6.5km light walk with 43 installations, projections and large-scale public artworks, as well as the eagerly-awaited return of the drone show – this year, shining bright over Cockle Bay across 22 performances.

Additionally, the well-loved Vivid Fire Kitchen has a new home in Barangaroo reserve and boasts a significant lineup of culinary heavyweights, while Vivid Minds (formally Ideas) delivers world-class conversations and performances from some of the leading creative minds globally.

Vivid Sydney Festival Director Brett Sheehy AO said, “This year marks the start of an exciting evolution of Vivid Sydney. We’ve expanded the program across all pillars and have opened up the brief for artists and removed the creative limitations of needing to centre around one key theme.

“Visitors can expect a more immersive and interactive experience that will encourage them to explore new locations, unexpected installations, and spend more time enjoying the festival – both after dark and during the day.

“We’ve gone back to the core of what Vivid Sydney is all about which is tapping into creativity, and through this, there’s this incredible platform to showcase leading Australian talent as well as a chance to bring legendary international talent to the Sydney landscape too.”

Vivid Sydney Partners

Returning as Major Partners for 2026 are Kia and Samsung Electronics Australia.

Kia returns in its 5^th consecutive year as a Major Partner and will display Kia Refraction in Bligh & Barney Reserve.

Samsung will activate with an immersive and interactive sculptural installation, Sky Portal Studio in First Fleet Park for its 5^th year as a Partner.

Joining the Major Partners for 2026 is IREN – proud sponsor of ‘Star-Bound: Vivid Sydney Drone Show’.

Joining as an Official Partner for 2026 is Lilly Australia. Celebrating its 150th Anniversary, Lilly will be presenting a panel as part of Vivid Minds titled A New Horizon of Health.

Uber also joins them as an Official Partner with dedicated pickup and dropoff zones across the footprint.

Dine Out with Uber Eats will also be the presenting partner of the Food for Thought Stage in the Vivid Fire Kitchen.

The festival’s Charity Partner for 2026 is Foodbank NSW & ACT who will be at Tumbalong Park with their interactive installation called Foodbank Truck Packer.

Vivid Sydney runs from Friday 22 May to Saturday 13 June. For more information visit vividsydney.com.

VS26_MCA_Vaiola_CREDITDestinationNSW

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SOURCE Destination New South Wales

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PR Newswire

TUESDAY INVESTOR DEADLINE: Super Micro Computer, Inc. (SMCI) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit

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SAN DIEGO, May 22, 2026 /PRNewswire/ — The law firm of Robbins Geller Rudman & Dowd LLP announces that the Super Micro class action lawsuit – captioned Bhuva v. Super Micro Computer, Inc., No. 26-cv-02606 (N.D. Cal.) – seeks to represent purchasers or acquirers of Super Micro Computer, Inc. (NASDAQ: SMCI) securities and charges Super Micro and certain of Super Micro’s top executive officers with violations of the Securities Exchange Act of 1934.

Robbins Geller Rudman & Dowd LLP (PRNewsfoto/Robbins Geller Rudman & Dowd LLP)

If you suffered substantial losses and wish to serve as lead plaintiff of the Super Micro class action lawsuit, please provide your information here:

https://www.rgrdlaw.com/cases-super-micro-computer-class-action-lawsuit-smci.html

You can also contact attorney Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Super Micro class action lawsuit must be filed with the court no later than Tuesday, May 26, 2026.

CASE ALLEGATIONS: Super Micro, together with its subsidiaries, develops and sells server and storage solutions based on modular and open-standard architecture.

The Super Micro class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) a significant portion of Super Micro’s sales of servers were to companies based in China; (ii) these transactions violated U.S. export control laws; and (iii) there were material weaknesses in Super Micro’s controls to ensure compliance with applicable export control laws and regulations.

The Super Micro class action lawsuit further alleges that on March 19, 2026, the U.S. Department of Justice (“DOJ”) announced the unsealing of an indictment against three individuals associated with Super Micro for engaging in a “scheme to divert massive quantities of servers housing U.S. artificial intelligence technology to customers in China” in violation of U.S. export control laws. The DOJ announcement allegedly stated these activities were done “all to drive sales and generate revenues in violation of U.S. law” and enabled the sale of “approximately $2.5 billion worth of servers” between 2024 and 2025. According to the DOJ, Yih-Shyan Liaw (Super Micro’s co-founder, director, and Senior Vice President of Business Development), Ruei-Tsang Chang (“a general manager in [Super Micro’s] Taiwan office”), and Ting-Wei Sun (“a third-party broker and “‘fixer’”) “conspired to systematically divert [Super Micro’s] servers with certain GPUs to China without a license to do so from the U.S. Department of Commerce,” the complaint alleges. On this news, the price of Super Micro stock fell more than 33%, according to the Super Micro class action lawsuit.

THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Super Micro securities during the class period to seek appointment as lead plaintiff in the Super Micro class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Super Micro investor class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Super Micro shareholder class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Super Micro class action lawsuit.

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.

Contact:
          Robbins Geller Rudman & Dowd LLP
          Ken Dolitsky
          Michael Albert
          655 W. Broadway, Suite 1900, San Diego, CA 92101
          800/851-7783
          info@rgrdlaw.com

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SOURCE Robbins Geller Rudman & Dowd LLP

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News

KPDN implements SHMMP ahead of Kaamatan, Gawai effective May 27 to June 4

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RANAU — The Ministry of Domestic Trade and Cost of Living (KPDN) will implement the Festive Season Maximum Price Scheme (SHMMP) in conjunction with the Kaamatan Festival and Gawai Day 2026 from May 27 to June 4.

Its Minister Datuk Armizan Mohd Ali said the scheme involves a total of 12 types of goods for Sabah and Sarawak as well as 11 types of goods for the Federal Territory of Labuan.

“The implementation of the nine-day scheme takes into account the interests of consumers and traders to ensure that essential goods can be obtained at reasonable prices without burdening the business community,” he told reporters after inspecting the RAHMAH MADANI Sales Programme (PJRM) in Kundasang, near here today.

Armizan said for the 2026 Kaamatan Festival SHMMP in Sabah, a total of 12 types of goods are listed compared to 10 types last year with the addition of imported ginger and potatoes from China.

“The items involved are live pigs, pork (meat and fat), pork (belly), imported buffalo meat from India, chicken wings, curly dried chillies, small shallots from India, garlic from China, large yellow onions, large shallots, imported aged ginger and potatoes from China.

“For Labuan, 11 types of items are listed, namely pork (meat and fat), pork (belly), imported buffalo meat from India, chicken wings, curly dried chillies, small shallots from India, garlic from China, large yellow onions, large shallots, imported aged ginger and potatoes from China,” he said.

He said a comparison of the implementation of the Kaamatan Festival SHMMP for the years 2025 and 2026 showed a more stable price trend in Sabah and Labuan when six items recorded a price decrease, while several other items remained at their current prices.

He said for the 2026 Gawai Day SHMMP in Sarawak, 12 types of items were listed compared to 11 last year’s type with the addition of buffalo meat imported from India.

“Among the items involved are live pigs, pork (meat and fat), pork (belly), live old chicken, chicken wings, imported round cabbage, garlic from China, dried curly chili, coconut seeds, grated coconut and coconut milk,” he added.

Armizan said the SHMMP is enforced under the Price Control and Anti-Profiteering Act 2011 [Act 723] and allows for the setting of maximum prices for the items involved.

“KPDN will place enforcement officers in strategic locations such as public markets, farmers’ markets, Tamu markets and shopping centres to ensure compliance with the scheme,” he said.

He said traders who sell price-controlled items above the maximum price can be fined up to RM100,000 or imprisoned not more than three years for individuals, while companies can be fined up to RM500,000.

“For the offence of failing to put up pink price tags for controlled items, individuals can be fined up to RM10,000 and companies up to RM20,000,” he said. — BERNAMA

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News

LLM expects daily traffic to reach 3.3m vehicles for Aidiladha

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KUALA LUMPUR — The Malaysian Highway Authority (LLM) expects the average daily traffic volume on major expressways and connecting highways to reach 3.3 million vehicles on peak days in conjunction with Hari Raya Aidiladha, which will be celebrated on May 27.

LLM said in a statement that traffic flow is expected to increase progressively from today until June 7 due to the overlap between the festive season, public holidays and the extended school holidays.

It said the PLUS highway network is projected to record the highest traffic volume at 2.2 million vehicles, followed by the Duta-Ulu Kelang Expressway (DUKE) with 283,000 vehicles and the Kuala Lumpur-Karak Expressway (KLK) with 209,000 vehicles.

“To ensure safer and smoother journeys for road users throughout the festive period, LLM has instructed all highway concessionaires to implement several proactive measures, including prohibiting lane closures except for emergency works from May 23 to June 2,” it said.

LLM would also be activating 34 Smart Lane locations, including along the PLUS highway network, while ensuring that toll collection systems function efficiently, including staggered toll collection at critical toll plazas.

Operational inspections of highways and facilities would also be conducted at Rest and Service Areas (R&R) and lay-bys, provision of 65 portable toilets, as well as additional parking spaces and personnel, including RELA members, at affected locations.

LLM advised road users to plan their journeys using the TuJu application and Travel Time Advisory (TTA), ensure their vehicles are in good condition and maintain sufficient balance in their Touch ’n Go accounts, e-wallets and debit cards before starting their journey.

In addition, motorcyclists are reminded to exercise extra caution and make use of the 571 motorcycle shelters provided in the event of bad weather.

Road users can also obtain real-time traffic and incident updates through LLM’s official channels and related applications. — BERNAMA

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Markets News

Eonmetall major shareholders propose privatisation via SCR at 40 sen a share

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EONMETALL Group Bhd has received a joint proposal from its major shareholders, Eonmetall Corporation Sdn Bhd and MD Datuk Goh Cheng Huat, to undertake a selective capital reduction (SCR) and cash repayment exercise to take the group private.

Under the proposal, entitled shareholders will receive 40 sen per share, representing a 12.68% premium over the last closing price of 35.5 sen and premiums of up to 45.88% over various historical VWAPs.

Eonmetall shares have not traded at or above the offer price over the past year.

The total cash payout is estimated at between RM109.8 million and RM128.5 million, depending on the exercise of employee share options, and will be funded via an advance from Datuk Goh.

The offerors said funding certainty is in place and the deal will not fail due to financial constraints.

The shareholders, who currently hold a combined 31.38% stake, intend to delist Eonmetall upon completion of the SCR.

They cited persistently low trading liquidity, with average daily volume representing just 0.37% of free float, as a key reason for the privatisation move.

They added that taking the company private would reduce regulatory and reporting burdens and allow management greater flexibility to focus on long-term strategy without public market pressures.

The proposal is independent of Eonmetall Land Sdn Bhd’s pending RM273.28 million land disposal in Kapar, Klang, and will proceed regardless of its outcome.

The SCR requires approval from non-interested shareholders at an EGM, including a special resolution threshold of at least 75% in value and a majority in number, subject to a 10% dissent limit among non-interested shareholders.

The board has until June 5, 2026, to decide whether to proceed with the proposal. — TMR

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Business News

Businesses brace for cautious 2H2026 amid global uncertainty

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by SHAHRIN AIZAT NOORSHAHRIZAM

MALAYSIAN businesses are expected to take a more cautious approach in the second half of 2026 as global economic uncertainty continues to weigh on sentiment.

National Chamber of Commerce and Industry of Malaysia (NCCIM) president N Gobalakrishnan said companies were reassessing hiring, salary adjustments and expansion plans amid geopolitical instability, trade tensions and rising operating costs.

He said businesses were also struggling to predict future production capacity and operating costs due to supply chain uncertainties.

“The impact will be there for at least the next nine months. The private sector is being very cautious about it because, obviously, we need (to maintain our) savings,” he said at a press conference on May 22.

Gobalakrishnan also welcomed the government’s RM5 billion financing assistance for businesses, but urged agencies to ensure loan approvals and disbursements are carried out efficiently.

Despite the cautious outlook, business leaders said the current uncertainty could also create opportunities for Malaysia.

Malaysian International Chamber of Commerce and Industry (MICCI) executive director Lee Han Ling said Malaysia’s strategic position within Asean and between major global powers could benefit the country as multinational companies diversify supply chains and expand investments in the region.

Meanwhile, NCCIM vice-president AT Kumarajah described 2026 as a “year of consolidation”, with businesses expected to focus on stabilisation rather than aggressive expansion.

He said Malaysian firms had shown resilience through previous crises, including the Covid-19 pandemic and recent tariff disputes.

The press conference was held ahead of the National Economic Forum 2026 on July 2, themed “A World in Transition: Securing Malaysia’s Economic Future in an Era of Disruptions”, which is expected to gather about 500 delegates from the private sector, government agencies and academia ahead of Budget 2027 discussions.

Last week, Prime Minister’s Office senior director of economy and finance Nurhisham Hussein reportedly said June and July could mark a major turning point for the economy as businesses exhaust existing raw material stockpiles, warning of possible production stoppages, reduced overtime and shift cuts.

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News

Police detain woman over alleged abuse of four-year-old boy

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A 60-YEAR-OLD woman has been arrested for allegedly abusing a four-year-old boy at a residential area in Negeri Sembilan.

According to a report, police received information regarding the incident at about 8pm yesterday after a video of the alleged abuse circulated on social media.

Negeri Sembilan police chief Alzafny Ahmad (picture) said the case came to light after the victim’s parents recognised their son in a viral video showing a woman assaulting a child behind a house.

“The child in the recording was later identified by both parents as their son,” he was quoted as saying.

Initial investigations found that the victim had been placed under the care of the suspect, who lived near the family’s residence, for about seven months.

The child was subsequently taken to Hospital Tuanku Ja’afar Seremban (HTJS) for medical examination and further treatment.

Police later detained the suspect at about 9.45pm at the scene to assist investigations, with a remand application to be filed under Section 31(1)(a) of the Child Act 2001.

The incident went viral after an individual uploaded the footage online, claiming to have heard the cries of a child believed to have been assaulted by the caregiver.

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