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2022财算案拨款3321亿令吉 史上最高
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2022财算案拨款3321亿令吉 史上最高

Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024. 

Oil prices lowered earnings at Exxon’s production division by about $700 million while refining margins reduced profit by a further $500 million compared with the third quarter, Exxon said in a statement Tuesday.

Exxon predicts $700 million hit to profit from lower oil prices

Stocks in Asia are set to follow US peers lower after a selloff in Treasuries deepened on bets the Federal Reserve won’t cut interest rates again before July because of inflation risks.

Futures indicated declines in Tokyo, Hong Kong and Sydney, after the S&P 500 fell more than 1% following a report on US service providers that showed a price gauge at the highest since early 2023.

Asian socks to track US rout on inflation risks

US job openings unexpectedly increased in November while hiring softened, suggesting the labor market continued to slow at a pace that probably does not require the Federal Reserve to be in a rush to cut interest rates.

The Job Openings and Labor Turnover Survey, or JOLTS report, from the Labor Depart

US labor market stable as job openings rise, hiring eases in November

Stocks got hammered as a selloff in the world’s biggest bond market deepened on speculation the Federal Reserve won’t cut interest rates before July amid inflation risks.

Following a recent rally, equities lost traction on Tuesday as a report on US service providers showed a price gauge hitting the highest since early 2023.

Stocks roiled by bond rout amid inflation jitters

President-elect Donald Trump announced an investment of at least US$20 billion (RM89.96 billion) from Hussain Sajwani, the head of Damac Group, to build new data centres in the US.

Trump, Dubai billionaire unveil US$20 bil for data centres

The Biden administration is negotiating with Afghanistan to exchange Americans detained in the country for at least one high-profile prisoner held in Guantanamo Bay with alleged ties to former al Qaeda leader Osama bin Laden, the Wall Street Journal reported on Tuesday.

US, Taliban in talks to swap detainees — WSJ

Finnish police said on Tuesday they had recovered a lost anchor from the seabed as part of an investigation of suspected sabotage against power and internet cables in the Baltic Sea.

Finland recovers anchor in Baltic Sea cables investigation

(Jan 7): President Joe Biden's outgoing administration announced on Tuesday a ban on medical debt in American consumers' credit reports, making good on a campaign year pledge less than two weeks before leaving office.

Officials said the new regulation, adopted despite objections from th...

As Biden nears exit, US bans medical debt from credit reports

Canada’s tax authority will continue applying the higher capital gains inclusion rate despite Prime Minister Justin Trudeau’s suspension of Parliament.

Trudeau’s government introduced the change in the 2024 federal budget, increasing the inclusion rate as of June 25 from 50% to two-thirds for all corporations and trusts, and for individuals earning more than C$250,000 (RM778,123), with some exceptions.

Canada to apply capital gains tax change despite government halt

(Jan 8): The bond market selloff that’s lifted long-maturity Treasury yields to the highest levels in months stands to reward buyers at Tuesday’s auction of 10-year notes with the juiciest yield in 17 years.

While the yield on 10-year notes hit as much as 5% in late 2023, the current yi...

US set to pay most since 2007 for 10-year debt as yields rise

Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is exploring new funding models&nbsp;including public-private partnerships (PPPs) for future infrastructure projects like the Mass Rapid Transit 3 (MRT3) Circle Line, according to MRT Corp chief executive officer Datuk Mohd Zarif Hashim.

MRT Corp looking into public-private partnerships, other new funding models for future projects — CEO

Directors of MN Holdings Bhd (KL:MNHLDG) trim their stake as the share price has surged to a record high recently.&nbsp;

The company’s managing director Datuk Toh Eng Keat, plus two executive directors Datuk Loy Siong Hay and Datuk Dang Siong Diang, have collectively sold 18 million shares, equivalent to a 3.73% stake, to institutional funds via a direct business deal, according to the company’s bourse filing.&nbsp;

MN Holdings major shareholders sell shares as price soars to record high

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Alliance Bank, UUE, Nestcon, Infomina, ITMAX, KUB, CI Holdings, MN Holdings, Coastal Contracts, Sentoria

The Johor-Singapore Special Economic Zone (JS-SEZ) holds significant potential to boost employment in Johor, but economists stressed the need for clarity on tax incentives and the development of necessary infrastructure as crucial factors for the zone's attractiveness to investors.&nbsp;

Economists positive on Johor-S'pore Special Economic Zone, but call for clarity on tax incentives and infrastructure progress

The Malaysia Gold Association (MGA) has called for the immediate cessation of and ban on the import, fabrication, and sale of “gold-wrapped silver” and similar gold-wrapped products.

Association calls for ban on import, sale of gold-wrapped silver products in Malaysia

Sentoria Group Bhd (KL:SNTORIA) said its former chief executive officer Datuk Loh Yuen Tuck has initiated legal proceedings against the company in the Industrial Court.

Former CEO files lawsuit against Sentoria in Industrial Court

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

The Malaysian government is imposing provisional anti-dumping duties ranging from 6.33% to 37.44% on imports of polyethylene terephthalate (PET),&nbsp;a type of synthetic fibre, originating from China and Indonesia.

Malaysia imposes provisional anti-dumping duties on synthetic fibre imports from China, Indonesia

Malayan Banking Bhd (KL:MAYBANK) is committed to becoming the preferred financial institution for Malaysia-Singapore financial transactions and solutions, following the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement, which aims to foster economic integration and bolster regional growth.

Maybank aims to be preferred financial institution for Malaysia-Singapore transactions

The highly anticipated Gemas-Johor Bahru Electrified Double-Track Rail Project (Gemas-JB EDTP) is on track&nbsp;for completion by the third quarter of this year (3Q2025), said&nbsp;Transport Minister Anthony Loke Siew Fook.

Gemas-JB Electrified Double-Track Rail on track for completion in 3Q, says Loke

President-elect Donald Trump announced an investment of at least US$20 billion (RM89.96 billion) from Hussain Sajwani, the head of Damac Group, to build new data centres in the US.

Biocon Biologics, a global company with capabilities in the development, manufacturing and commercialisation of biosimilars,&nbsp;is committed to implementing business expansion in Malaysia.

Biocon Biologics committed to business development in Malaysia — PM

DBS Bank made two transactions in shares of Singapore Post&nbsp;(SingPost) nearly a week after the company&nbsp;terminated&nbsp;three of its top executives&nbsp;over the handling of whistle-blowing reports on Dec 22, 2024.

DBS bought and sold shares in SingPost nearly a week after termination announcement

Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd (NISB) has secured a RM25.01 million contract for earthworks and erosion control in Johor’s Senai Airport City.

Nestcon wins RM25 mil earthworks contract for Senai Airport City project

Penang has achieved several significant milestones in 2024, showcasing strong economic growth and social development, including attracting investments totalling RM31.38 billion.

Chief Minister Chow Kon Yeow said these investments are expected to create over 6,600 job opportunities, particularly in the high-value manufacturing sector, advanced services, and modern agriculture.

Penang secures RM31.38 bil in investments for 2024 — Chow

Six vehicle inspection officers from the Computerised Vehicle Inspection Centre (Puspakom) suspected of being involved in a syndicate approving heavy vehicle inspections have been&nbsp;suspended with immediate effect.

Puspakom case: Six vehicle inspection officers suspended with immediate effect

The Malaysia-Singapore Joint Technical Committee on the Implementation of the International Court of Justice (ICJ) Judgement on Pedra Branca, Middle Rocks and South Ledge (MSJTC)&nbsp;continues to be an important platform for both countries to have constructive&nbsp;discussions on&nbsp;outstanding matters.

Singapore's foreign minister says technical panel with Malaysia to continue to hold talks on bilateral issues

Coastal Contracts Bhd (KL:COASTAL)&nbsp;said it has formed a 60%-owned subsidiary, Coastal Watt Energy Pte Ltd (CWE), as part of a strategic collaboration to expand into renewable energy projects in the Asia-Pacific region.

Coastal Contracts forms renewable energy subsidiary for Asia-Pacific projects

Exxon Mobil Corp. said earnings took a hit from lower crude prices and narrowing refining margins during the final three months of 2024.&nbsp;

Oil prices lowered earnings at Exxon’s production division by about $700 million while refining margins reduced profit by a further $500 million compared with the third quarter, Exxon said in a statement Tuesday.

Target 1 Sdn Bhd — one of the parties seeking to take South Malaysia Industries Bhd (KL:SMI) private — said on Tuesday that the Securities Commission Malaysia (SC) has approved a further extension for the despatch of its offer document to SMI shareholders.&nbsp;