<div class=newsTextDataWrapInner>SINGAPORE (May 22): Aspen Glove has received a letter of demand from Multi Purpose Metal Tech claiming nearly RM29.35 million allegedly owed for the design, fabrication and installation of glove-dipping lines at Aspen Glove’s manufacturing facilities.</div>

<div class=newsTextDataWrapInner>As cited in the May 18 letter, Aspen Glove got to pay up within seven days and failing which MPMT will be “entitled to take legal action”.</div>

<div class=newsTextDataWrapInner>Aspen Glove, a subsidiary of SGX listed Aspen (Group) Holdings, had on<a href="https://www.theedgesingapore.com/news/company-news/aspen-groups-glove-subsidiary-receives-claim-rm2935-mil" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (May 22): Aspen Glove has received a letter of demand from Multi Purpose Metal Tech claiming nearly RM29.35 million allegedly owed for the design, fabrication and installation of glove-dipping lines at Aspen Glove’s manufacturing facilities.

As cited in the May 18 letter, Aspe...

Aspen (Group)'s glove subsidiary receives claim for RM29.35 mil

Japan’s former environment minister Shinjiro Koizumi formally announced his bid to become the nation’s next prime minister on Friday, saying he will call a general election if selected and speed up decision-making, while also considering a meeting with North Korea’s Kim Jong Un.

Japan’s Koizumi enters LDP race, vows to hold snap election

(Sept 6): Standard Chartered Plc reshuffled some key roles in technology and operations, after the departure of a senior executive at the Asia-focused lender.

StanChart reshuffles some key roles in tech after manager exits

KUALA LUMPUR (Sept 6): Gamuda Bhd (KL:GAMUDA) said on Friday that its joint venture (JV) to build the Ulu Padas hydroelectric project has been approved by the Sabah energy regulator.

Gamuda’s Ulu Padas hydroelectric project approved by Sabah energy regulator

(Sept 6): Bitcoin and other major digital tokens are set to dance to the tune of the stock market’s reaction to a key US jobs report due later on Friday, if a rising short-term correlation between crypto and equities is any guide.

Bitcoin taking cue from stocks heading into pivotal US jobs data

Hong Kong scrapped trading of its US$4.90 trillion (RM21.20 trillion) stock market on Friday, as the city prolonged a storm warning due to Super Typhoon Yagi, which skirted the region overnight towards southern China.

Hong Kong scraps all stock trading as typhoon nears Hainan

Hartalega Holdings Bhd (KL:HARTA) said it is seeing demand recovery amid restocking activities while full capacity at Chinese factories have pushed some of the orders to Malaysia.

Demand for gloves at times is strong, but it may slow down occasionally, Hartalega chief executive officer Kuan Mun Leong told reporters following the annual general meeting of Malaysia's second-largest glovemaker. However, demand would likely normalise by 2026 after the “bumpy” years, he said.

Hartalega sees glove demand normalising by 2026, shrugs off Chinese competition

Uncertainty around the US presidential election in November will prevent meaningful gains for metals by subduing global risk appetite and possibly delaying government stimulus in China, according to Citigroup Inc.

Citi says US election risk will keep metals contained for now

China handed a nine-year prison term to a Taiwanese political activist convicted of “separatism”, a rare sentence that prompted Taiwan to warn its people about the dangers of travelling across the strait.

China jails Taiwanese person on separatism charge for first time

The prosecution and defence are still ironing out the details of Datin Seri Rosmah Mansor's third letter of representation to drop all 17 money-laundering and tax evasion charges.

Details of Rosmah's third letter of representation in money-laundering case yet to be finalised, court told

ByteDance Ltd is raising as much as US$600 million (RM2.60 billion) for its car information and trading platform Dongchedi, according to people familiar with the situation.

TikTok parent said to be raising US$600m for car app Dongchedi

Datuk Captain Izham Ismail, the group managing director of Malaysia Aviation Group (MAG), has apologised to Malaysia Airlines customers who are affected by the group’s network reduction exercise.&nbsp;

Captain Izham apologises for network cuts, says move to ensure 'Malaysia Airlines is a safe airline'

China is combining two of its largest state-backed brokerages to create a new behemoth as it seeks to consolidate the US$1.70 trillion (RM7.37 trillion) sector and build stronger investment banks to compete with overseas financial firms.

China creates its largest brokerage to take on Wall Street

KUALA LUMPUR (Sept 6): Malaysia Airlines has unveiled flights to Paris in March next year, marking the national carrier’s return to the French city after more than nine years.

Malaysia Airlines to offer direct flights to Paris after nine years

Stocks whipsawed ahead of US jobs data that will be key in determining the size of a Federal Reserve (Fed) rate cut in September.

In a session of several twists and turns, the S&amp;P 500 finished lower. That’s despite a rally in a handful of big techs. Treasury yields fell slightly, with traders still pricing in over 100 basis points in Fed easing this year — which implies a potential super-sized reduction. Given Jerome Powell’s recent emphasis on the labour market, many on Wall Street say Friday’s US payrolls will dictate whether the Fed cuts by 25 or 50 basis points this month.

Wall Street down as jobs leave ‘little room for error’

Warren Buffett extended his sales of Bank of America Corp shares into September, reaping a total of US$6.97 billion (RM30.23 billion) since the spree of disposals started in mid-July.

Buffett’s haul from Bank of America stock sales nears US$7b

A revised public display of the third phase of the Mass Rapid Transit (MRT3) indicates the government’s commitment and another step forward for the project, CIMB Securities said.

Revised public display of MRT3 seen as another step forward, indicating govt commitment to project

KUALA LUMPUR (Sept 4): Malaysia Airlines now expects to receive its first Airbus A330neo in October this year, instead of this month, said Malaysia Aviation Group’s (MAG) group managing director Datuk Captain Izham Ismail.

Malaysia Airlines to get first A330neo in October, one month late

KUALA LUMPUR (Sept 6): Gamuda Bhd (KL:GAMUDA) said on Friday that its joint venture (JV) to build the Ulu Padas hydroelectric project has been approved by the Sabah energy regulator.

Malaysia&nbsp;hopes for the influx of Russian companies into the country and an increase in the tourist flow between the two nations, Prime Minister Datuk Seri Anwar Ibrahim said in an interview with RIA Novosti and RT, reported Sputnik.

Anwar hopes for influx of Russian companies, increase in tourist flow

US stocks and an index of the dollar fell ahead of jobs data due Friday that will help determine the size of a Federal Reserve (Fed) rate cut this month.

In Asia, equity futures for Japan rose, as the yen stabilised after a rally this week, while contracts for benchmarks in Australia and Hong Kong were little changed. The S&amp;P 500 ended Thursday 0.3% lower, while the tech-heavy Nasdaq 100 was flat.

Dollar, stocks face pressure ahead of US jobs data

US Republican presidential candidate Donald Trump pledged to cut the corporate tax rate, slash regulations and audit the federal government, embracing an idea proposed by billionaire backer Elon Musk, as he pitched his agenda to Wall Street and corporate leaders in New York.

Trump vows 15% corporate tax, taps Musk for federal audit

China’s stock market is facing darker prospects after a weak earnings season dashed hopes for any imminent recovery in flagging consumption that has weighed on the world’s No&nbsp;2 economy.

China’s earnings setback sows fresh doubts about stock rebound

The prosecution and defence are still ironing out the details of Datin Seri Rosmah Mansor's third letter of representation to drop all 17 money-laundering and tax evasion charges.

Intel Corp&nbsp;is considering options for its stake in its struggling automated driving systems provider Mobileye Global Inc&nbsp;as part of a major strategy overhaul, people with knowledge of the matter said.

Intel exploring Mobileye stake selldown, Bloomberg reports

Billionaire John Paulson said the Federal Reserve (Fed) has waited too long to cut interest rates and expects the central bank to lower them in the months ahead.

Billionaire Paulson sees Fed cutting rates to as low as 2.5% by end of 2025

Malaysia’s traditional media companies will likely trudge against sustained headwinds on consumer sentiment and advertising spending despite recent improvements, Kenanga Investment Bank warned.

Traditional media companies expected to keep struggling amid sustained headwinds

TOKYO/SYDNEY/HONG KONG (Sept 6): Japanese retail giant&nbsp;Seven&nbsp;&amp; i Holdings said on Friday that it had turned down Canada's Alimentation Couche-Tard's US$38.5 billion (RM166.82 billion) cash bid, rejecting an offer that would be the largest-ever foreign buyout of a Japanese company.

Japan's Seven & i rejects Couche-Tard's US$38.5b takeover offer

US&nbsp;employers in August unveiled the greatest number of layoffs in five months, led by cuts in the technology sector, amid a cloudy outlook for growth and ongoing cost concerns, a monthly tally of workforce reduction announcements showed on Thursday.

Planned US layoffs surged in August, recruitment firm Challenger says

US banks posted stronger profits despite signs of rising stress in credit-card debt and loans tied to office properties, the Federal Deposit Insurance Corp (FDIC)&nbsp;said in a report that painted a mixed picture of the industry’s second-quarter performance.

US bank profits overcome drag by credit cards, office loans

Negotiations on the establishment of an Asian monetary fund are underway, and it should not be considered as an alternative, but a complement to the existing international financial institutions, Prime Minister Datuk Seri Anwar&nbsp;Ibrahim said in an interview with RIA Novosti and RT.