<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on February 21, 2018 - February 27, 2018</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.31% at the close of the mandatory general offer (MGO) for shares in the Malaysian firm on Monday.</p></div>

<div class=newsTextDataWrapInner><p>In a stock exchange filing yesterday, MCT said Regent Wise Investment Ltd, a unit of Ayala Land, has acquired an additional 22.12% stake, representing 295.28 million shares between Jan 27 and Feb 19, adding to the 50.19% stake in MCT held by Regent Wise as at Jan 26.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MCT’s other substantial shareholder includes Lembaga Tabung Haji with a 10% stake.</p></div>

<div class=newsTextDataWrapInner><p>Ayala Land intends to keep the listing status of MCT. It was reported on Feb 7 that Ayala Land intends to explore options to increase MCT’s public shareholding spread to at least 25%, in accordance with Bursa Malaysia’s Main Market listing requirements, within three months from the closing date of the MGO.</p></div>


KUALA LUMPUR: Ayala Land Inc, the biggest property group in the Philippines, increased its indirect stake in MCT Bhd to 72.31% at the close of the mandatory general offer (MGO) for shares in the Malaysian firm on Monday.

In a stock exchange filing yesterday, MCT said Regent Wise Investm...

Ayala Land owns 72.3% of MCT as general offer closes

AirAsia has become the first international airline to operate commercial flights to Port Blair (Sri Vijaya Puram) in India's Andaman and Nicobar Islands.

AirAsia lands in Port Blair in the Andamans

President Volodymyr Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump's US presidential election win and Russia's grinding battlefield gains.

Zelenskiy says Ukraine must do everything to end war next year

Inmates placed under the house arrest will wear monitoring devices to track their locations after the Bill is passed in Parliament, Home Minister Datuk Seri Saifuddin Nasution Ismail.

Inmates will be required to wear tracking devices under proposed house arrest law, says Saifuddin

Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.

Tropicana previews Skypark Kepler branded residence, Johor in Singapore

The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.

FashionValet probe expected to be completed in two weeks, says Azam Baki

The Philippines evacuated tens of thousands of people from their homes and cancelled dozens of flights on Saturday, as a super typhoon threatened to unleash heavy rains and powerful winds that could trigger floods and storm surges.

Philippines evacuates tens of thousands as super typhoon Man-Yi nears

The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.

Bandar Teknologi Maju Perlis to offer over 2,000 jobs in technology fields, says Fahmi

China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.

China’s dream of ‘powerful currency’ runs into Trump’s return

Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Fadillah: Seven flood mitigation projects worth RM1b underway in Melaka

SHANGHAI (Nov 16): China is willing to be partners and friends with the US, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies.

China has no plan to surpass or replace the US, Xie Feng said in a speech in Hong Kong on Friday, ...

China willing to be partners, friends with US, Chinese envoy says

<p>AirAsia has become the first international airline to operate commercial flights to Port Blair (Sri Vijaya Puram) in India's Andaman and Nicobar Islands.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim insisted that Malaysia remains consistent with its stance on the issue of Israel and Palestine, emphasising that Putrajaya has never diplomatically recognised the existence of the state of Israel.</p>


Anwar: Malaysia never recognised Israel, steadfast in support of Palestine

<p>The investigation involving FashionValet Sdn Bhd founding couple over the investment loss of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) is expected to be completed in two weeks.</p>


<p>China’s President Xi Jinping wants a “powerful currency” that is stable enough to play a rising role in global trade. Donald Trump’s return looks set to challenge that ambition.</p>


<p>Tropicana Corporation Bhd (KL:TROP) has previewed the Skypark Kepler branded residence at Hilton Orchard, Singapore on Saturday. The branded serviced residence is the first phase of Tropicana’s 163-acre Lido Waterfront Boulevard mixed-use development in Johor.</p>


<p>Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his US$36 billion (RM161.06 billion) firm and cost its lenders more than US$10 billion, federal prosecutors said on Friday.</p>


Archegos founder Bill Hwang deserves 21 years in prison, US says

<p>Prime Minister Datuk Seri Anwar Ibrahim's maiden official visit to Peru has generated potential exports worth RM1.24 billion (US$0.3 billion), particularly in high potential sectors on the initiative of the Malaysia External Trade Development Corporation (Matrade).</p>


RM1.24b potential exports to Peru generated — Anwar

<p>The Malaysian Communications and Multimedia Commission (MCMC) and the Malaysian Palm Oil Board (MPOB) have announced a significant achievement in their strategic collaboration, marked by the successful resolution of connectivity challenges within palm oil plantations and culminating in the AgriNXT: Oil Palm Chapter (OPC) initiative.</p>


MCMC, MPOB join forces to advance future technology initiatives in palm oil industry

<p>Nvidia Corp's results in the coming week could guide the US stock market on its next path, as investors turn their focus to the technology sector and artificial intelligence trade after an election-fueled rally stalled.</p>


Nvidia results in focus as stock market's election boost stalls

<p>The Bandar Teknologi Maju Perlis project in Chuping, set to begin next year, is expected to create around 2,000 direct job opportunities in technology fields.</p>


<p>China and the European Union have reached “technical consensus” in their talks aimed at scaling back or reversing tariffs that the bloc applied to China-made electric vehicles (EVs), according to a posting on a Weibo account affiliated with the state-run <em>China Central Television</em> (<em>CCTV</em>).</p>


China, EU reach ‘technical consensus’ in EV talks — report

<p>The conventional wisdom following Israel’s recent strikes on Iranian military facilities in retaliation for Iran’s ballistic missile attack on Israel is that the risk of further escalation has been contained. Initial statements from the Islamic Republic’s supreme leader suggested that Iran may no...

After the Storm: Israel and Iran Are Likely to Escalate

<p>A group representing major electric vehicle (EV) and battery manufacturers on Friday urged President-elect Donald Trump not to kill tax credits for electric vehicle sales and production, citing the impact on key states that voted for the Republican.</p>


EV companies, battery makers urge Trump not to kill vehicle tax credits

<p>Malaysia and the Republic of Guinea should intensify their engagement, particularly in market access and technical assistance, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.</p>


Malaysia, Guinea should enhance engagement in technical assistance, says Liew

<p>President Volodymyr Zelenskiy has said Ukraine must do all it can to ensure the war with Russia ends next year through diplomacy, commenting at a decisive moment after Donald Trump's US presidential election win and Russia's grinding battlefield gains.</p>


<p>The Philippines evacuated tens of thousands of people from their homes and cancelled dozens of flights on Saturday, as a super typhoon threatened to unleash heavy rains and powerful winds that could trigger floods and storm surges.</p>


<p>Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload US$13 billion (RM58.16 billion) of debt that backed the billionaire's purchase of the social media platform X, three banking sources said.</p>


Musk's political ascendancy stirs hopes of redemption for X banks

<p>SHANGHAI (Nov 16): China is willing to be partners and friends with the US, China's ambassador to Washington said, seeking to strengthen dialogue between the world's two largest economies.</p>

<p>China has no plan to surpass or replace the US, Xie Feng said in a speech in Hong Kong on Friday, ...

<p>Inmates placed under the house arrest will wear monitoring devices to track their locations after the Bill is passed in Parliament, Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>


<p>Seven flood mitigation projects (RTB) are currently underway in Melaka, involving a total allocation of RM1.006 billion, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>
