<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 24): Businessman Datuk Andrew Lim, who is leading a Malaysian retail group to take over Hong Kong-based DFI Retail Group’s food retail businesses in Malaysia, has clarified that the investment is in his personal capacity and unrelated to Sogo Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Lim, who is the group deputy chairman of SOGO Department Store Sdn Bhd, said Sogo Malaysia will continue to be managed and operated separately and independently.</p></div>

<div class=newsTextDataWrapInner><p>He said this in a statement on Friday (Feb 24) in reaction to news articles on Thursday regarding the takeover of DFI's food retail businesses.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>DFI, which entered the Malaysian market 24 years ago through the acquisition of the Giant supermarket chain, currently operates a total of 40 Giant outlets along with eight Mercato, two Cold Storage, one TMC and 40 Giant Mini stores.</p></div>

<div class=newsTextDataWrapInner><p>Lim is also the executive chairman of Gama Group, which owns and operates the Gama supermarket and department store in Penang.</p></div>

<div class=newsTextDataWrapInner><p>Read also:<br />
https://www.theedgemarkets.com/node/656553<br />
&nbsp;</p></div>


Businessman Datuk Andrew Lim, who is leading a Malaysian retail group to take over Hong Kong-based DFI Retail Group’s food retail businesses in Malaysia, has clarified that the investment is in his personal capacity and unrelated to Sogo Malaysia.

Lim, who is the group deputy chairman of SOGO Department Store Sdn Bhd, said Sogo Malaysia will continue to be managed and operated separately and independently.

Andrew Lim says his investment in Giant operator is in his personal capacity

KUALA LUMPUR (Oct 25): Paramount Property, the property development arm of Paramount Corporation Bhd (KL:PARAMON), has signed a development agreement with Lembaga Perumahan Negeri Pulau Pinang (LPNPP) for the proposed redevelopment of 15.3 acres of land in Ujong Batu, Butterworth, Penang.

Paramount Property, Penang Housing Board sign agreement for Ujong Batu redevelopment

(Oct 25): The opposition Conservative Party won an election in the Canadian province of British Columbia for the first time in nearly 100 years, promising to ramp up liquefied natural gas production, provisional results showed on Sunday.

Conservative party wins first election in nearly a century in British Columbia

LUMUT (Oct 25): The proposed establishment of an artificial intelligence (AI)-focused polytechnic in Lumut has been included in Rolling Plan 3 of the 13th Malaysia Plan (13MP), with preliminary work expected to begin next year.

Zambry: AI-focused polytechnic in Lumut included in 13MP Rolling Plan 3

(Oct 25): IndiGo and Air India will move some of its international operations to Navi Mumbai International Airport as two of India’s biggest airlines expand their presence at the new aviation facility serving the country’s financial capital.

IndiGo, Air India to shift some flights to new Mumbai airport

ZURICH (Oct 25): As many as 12,000 UBS jobs in Switzerland could be at risk if tougher capital rules prompt the bank to relocate, according to the Swiss Bank Employees Association, or SBPV.

Employees group warns of major Swiss job losses if UBS relocates

(Oct 25): Suzhou Dongshan Precision Manufacturing Co, a printed circuit board maker, raised about HK$9.9 billion (US$1.3 billion) in Hong Kong’s biggest listing in nearly two months, which hit a volatile market for companies related to the artificial intelligence build out.

Chinese manufacturer Dongshan raises US$1.3 bil in HK listing

KUALA LUMPUR (Oct 25): Eight areas nationwide recorded unhealthy air quality as of 6pm on Sunday, with Serian IPD in Sarawak recording the highest Air Pollutant Index (API) reading of 192.

Haze: Eight areas record unhealthy API readings as of 6pm

LONDON (Oct 25): British Prime Minister Andy Burnham has said he wants a discussion about returning to the European Union's (EU) freedom of movement rules for workers, a key issue in the 2016 Brexit referendum which led to Britain leaving the bloc.

UK's Burnham says he is open to discussing EU free movement

KUCHING (Oct 25): Gabungan Parti Sarawak (GPS) must continue to lead the state government to ensure the continuity of socioeconomic development and to keep the future of the people on the right track, said Sarawak Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

Sarawak polls: GPS needs to continue leading state for continuity of development — Awang Tengah

BELGRADE (Oct 25): Serbian voters turned out in force on Sunday as a mass student protest movement seeks to unseat longtime populist leader Aleksandar Vucic in the biggest challenge to his rule for more than a decade.

Serbia votes in historic election as students seek to end Vucic's long grip on power

<p>(Oct 25):&nbsp;Goldman Sachs Group Inc&nbsp;strategists slashed their target for South Korea’s Kospi Index by 25%, after raising it repeatedly this year, as concerns over the artificial intelligence trade intensify.</p>


Goldman cuts Kospi 12-month target by 25% as AI trade unravels

<p>SINGAPORE (Oct 25): Malaysia has significant potential to expand power generation capacity and attract data centre developers, but meeting rising electricity demand will also require adequate transmission capacity and access to land and water, said Japan's largest power generation company,&nbsp;Jera.</p>


Malaysia needs adequate power, grid capacity to attract data centres — Jera

<p>ISKANDAR PUTERI (Oct 25): The Johor government is targeting the generation of&nbsp;about&nbsp;five gigawatts (GW) of solar energy over the next four to five years as a long-term solution to meet the surge in electricity demand driven by the rapid growth of the state’s data centre sector.</p>


Johor eyes additional 5GW of solar energy by 2031 to meet data centre demand

<p>(Oct 25):&nbsp;France avoided a repeat of large-scale violence and looting that marred nationwide protests a week ago, suggesting the government’s decision to boost police numbers and contain marches paid off.</p>


France dodges repeat of looting and riots with tougher security

<p>LAM&nbsp;DONG, Vietnam (Oct 25):&nbsp;A 40-year-old Malaysian woman was rescued after falling into a 10m-deep hole while hiking in Da Lat, Lam Dong,&nbsp;on Sunday, the <em>Vietnam News Agenc</em>y (<em>VNA</em>) reported, citing&nbsp;local authorities.</p>


Malaysian rescued after falling into a 10-metre-deep hole in Da Lat, Vietnam

<p>LUMUT (Oct 25): The proposed establishment of an artificial intelligence (AI)-focused polytechnic in Lumut has been included in Rolling Plan 3 of the 13th Malaysia Plan (13MP), with preliminary work expected to begin next year.</p>


<p>(Oct 25):&nbsp;Brookfield Asset Management Ltd&nbsp;is opening an office in Qatar, deepening its presence in the Middle East where many countries are grappling with the economic fallout from the war.</p>


Brookfield to open Doha office to deepen its Middle East reach

<p>(Oct 25): The opposition Conservative Party won an election in the Canadian province of British Columbia for the first time in nearly 100 years, promising to ramp up liquefied natural gas production, provisional results showed on Sunday.</p>


<p>ZURICH (Oct 25): As many as 12,000 UBS jobs in Switzerland could be at risk if tougher capital rules prompt the bank to relocate, according to the Swiss Bank Employees Association, or SBPV.</p>


<p>(Oct 25):&nbsp;IndiGo and Air India will move some of its international operations to Navi Mumbai International Airport as two of India’s biggest airlines expand their presence at the new aviation facility serving the country’s financial capital.</p>


<p>(Oct 25):&nbsp;Suzhou Dongshan Precision Manufacturing Co,&nbsp;a printed circuit board maker, raised about HK$9.9 billion (US$1.3 billion) in Hong Kong’s biggest listing in nearly two months, which hit a volatile market for companies related to the artificial intelligence build out.</p>


<p>(Oct 25):&nbsp;The United Arab Emirates shut more beaches after an oil spill in the Persian Gulf raised concerns over environmental and health impacts.</p>


UAE shuts more beaches as it deals with oil spill in Gulf

<p>SINGAPORE (Oct 25): Singapore will work closely with Asean&nbsp;member states during its 2027 chairmanship to advance the Asean Power Grid (APG), including efforts to establish a regional submarine power cable framework and strengthen cross-border renewable energy (RE) trading.</p>


Singapore to advance Asean power grid, subsea cable framework during 2027 chairmanship

<p>JOHOR BAHRU (Oct 25): Schools in Johor will reopen in phases, with the first phase on Monday (Oct 26) and Tuesday (Oct 27) limited to students sitting for examinations according to the scheduled timetable.</p>


Haze: Johor schools to reopen in phases, exam candidates first

<p>(Oct 25):&nbsp;Riyadh’s main airport reopened to global air traffic after a two-week shutdown, despite sustained Houthi attacks on Saudi Arabia’s capital over the weekend.</p>


Riyadh Airport resumes flights as Saudis fight Houthi missiles

<p>(Oct 25):&nbsp;In Britain, the government ensures that more than 650,000 vulnerable people receive daily visits from carers who help them wash, eat and attend to any medical conditions. That same government’s crackdown on immigration is putting the sector at risk.</p>


Britain’s migration clampdown puts fear into £15 bil care sector

<p>ISKANDAR PUTERI (Oct 25): The Johor government expects 26,000 job opportunities to be offered to young people across the state this year, driven by rapid economic growth and the influx of high-value investments.</p>


Onn Hafiz: 26,000 job opportunities to be offered to Johor youth this year

<p>KUALA LUMPUR (Oct 25): Paramount Property, the property development arm of Paramount Corporation Bhd (KL:PARAMON), has signed a development agreement with Lembaga Perumahan Negeri Pulau Pinang (LPNPP) for the proposed redevelopment of 15.3 acres of land in Ujong Batu, Butterworth, Penang.</p>


<p>KUCHING (Oct 25): Twenty-seven schools in the Tebedu district of Serian will be closed on Monday (Oct 26) due to haze, following continuous monitoring of Air Pollutant Index (API) readings and reports from the Malaysian Meteorological Department&nbsp;(MetMalaysia).</p>


Haze: 27 schools in Tebedu to close tomorrow — Sarawak State Education Department

<p>BELGRADE (Oct 25): Serbian voters turned out in force on Sunday as a mass student protest movement seeks to unseat longtime populist leader Aleksandar Vucic in the biggest challenge to his rule for more than a decade.</p>
