Malaysian Genomics Resource Centre Bhd has signed a strategic collaboration agreement with several Dubai-based parties to explore common strategies for joint or allied projects. In a statement, MGRC said agreements were made with American Spine Centre, Wellness by Design FZ LLC and IAC International. (TheStar)

AirAsia X Bhd has started 2023 on a solid financial footing following the success of its major debt restructuring and renegotiations of its financial commitments after a tough three-year battle with the Covid-19 pandemic. Chief executive officer, Benyamin Ismail said the best decision for the long-haul low-cost airline was to get a 99 per cent cost cut to give it a fresh start. (NST)

The average selling prices (ASPs) of Petronas Chemicals Group Bhd’s olefins and derivatives products have likely found a bottom following modest gains in the first quarter of 2023 (1Q23). This will be further supported by decision of the Organisation of the Petroleum Exporting Countries and its allies (Opec+) to scale back production through to end-2023, according to Maybank Investment Bank (Maybank IB) Research. (TheStar)

Hong Leong Investment Bank Bhd (HLIB Research) is upbeat about Mah Sing Group Bhd's partnership with the China Electronic Chamber of Commerce (CECC) to facilitate Chinese investors setting up manufacturing facilities in Malaysia. The bank-backed research is optimistic about the new development, as it believes the collaboration will allow more opportunities for Mah Sing to diversify and re-enter the industrial development space. (NST)

Following its second major win of 2023, Sunway Construction Group Bhd (SunCon) is well on track to achieving its base case replenishment target of RM2bil for the year. Year-to-date, the construction group has secured RM1.27bil worth of contracts or about 65% of the replenishment target. In a bull case scenario, SunCon has a replenishment target of about RM8bil. (TheStar)

Genting Plantations Bhd has proposed a retirement gratuity of RM787,523 to Quah Chek Tin in recognition of his long service and contribution to the company. Quah, who is an independent non-executive director of the company, has indicated his intention to retire at the conclusion of the forthcoming annual general meeting (AGM), said Genting Plantations. (TheEdge)

Source: New Straits Times, The Edge Markets, The Star 05 Apr 2023

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