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Bank Negara Malaysia announced five successful applications for digital banking licences in April. Even before the advent of digital banks, the usage of fintech services had become the norm in the country.

A beginner’s guide  to fintech services

Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off. 

The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.

Maxis 3Q net profit rises 28% with more subscribers, lower staff costs

Johor's economy is expanding into high-growth sectors, including food technology, agritech and renewable energy, showcasing the state's adaptability to global trends.

State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han said these areas reflect Johor's responsiveness and readiness to embrace change.

Johor targets high-growth sectors to drive economic expansion

FGV Holdings Bhd (KL:FGV) will leverage its existing customer base to export crude palm kernel oil (CPKO) products to Europe by the end of this year.

Group chief sustainability officer Nurul Hasanah Ahamed Hassain Malim said this is the first time the company is attempting to market its CPKO products indirectly to Europe.

FGV plans to export CPKO to Europe via customer-end products

Chinese builder Hopson Development Holdings Ltd is in talks for a new private loan to refinance an expired bridge facility that backed the purchase of some property in Hong Kong, according to people familiar with the matter.

Chinese builder Hopson in talks with Temasek unit for loan — Bloomberg

JAKARTA (Nov 8): Indonesia's new leader Prabowo Subianto set off for China on Friday, for his first international trip as president, kicking off a tour that will include stops in the United States, Britain, and South America for the Asia-Pacific Economic Cooperation (Apec) and Group of 20 (G20) summits.

Indonesia’s Prabowo heads to China at start of multi-country trip

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co is in talks with banks for a syndicated loan to refinance borrowings related to its acquisition of a stake in Volvo AB in 2018, according to people familiar with the matter.

Geely in talks for over €2b loan to refinance Volvo truck deal — Bloomberg

The Sabah government hails the French Supreme Court’s decision to fully dismiss the challenge filed by individuals claiming to be heirs of the defunct Sulu Sultanate on Sabah.

Sabah hails French Supreme Court’s decision to quash challenge by Sulu 'heirs' — Hajiji

Soros Fund Management, founded by billionaire George Soros, plans to shut its Hong Kong office as part of an administrative reorganisation, but said it will continue to invest in Asia.

Soros Fund Management to shut Hong Kong office in rejig

WEST PALM BEACH, Florida (Nov 7): US President-elect Donald Trump on Thursday announced that Susie Wiles, one of his two campaign managers, will be his White House chief of staff, entrusting a top position to a political operative who helped the Republican win election.

Trump picks Susie Wiles as his White House chief of staff

China has mandated banks for a dollar bond sale in Saudi Arabia, according to people familiar with the matter, its first issuance in the US currency since 2021.  

The Ministry of Finance has hired Chinese, international and Middle Eastern banks for the proposed offering of three-year and five-year 144A, Regulation S notes, said the people, who asked not to be identified.

China mandated banks to sell dollar notes in Saudi Arabia, Bloomberg reports

<p>KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Court orders Muhyiddin to pay RM1.35m in damages to Guan Eng over defamatory comments on Yayasan Albukhary’s tax breaks

<p>A spate of lacklustre debuts throughout October fails to dent sentiment as issuers charge ahead with their initial public offerings (IPO) while investors still want a piece of the market action.</p>


Issuers charge ahead with IPOs, investors unfazed despite string of weak debuts

<p>US Federal Reserve (Fed) chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision on Thursday to lower interest rates by a quarter percentage point.&nbsp;</p>


Fed cuts rates by 25 bps; Powell says wouldn’t resign if asked by Trump

<p>Donald Trump's recent US election&nbsp;win will affect Malaysian exporters, but is largely neutral for domestic growth, the ringgit, and the equity market, said CGS International.</p>


Trump presidency largely neutral for Malaysia, while market consolidation offers buying opportunities — CGS

<p>Asian stocks rose broadly on Friday, tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's (Fed)&nbsp;message&nbsp;for careful interest rate cuts, even with expectations for big fiscal spending under incoming US President Donald Trump.</p>


Asian stocks climb on Wall Street's lead; dollar sags after Fed cut

<p>Former deputy international trade and industry minister Professor Dr Ong Kian Ming wondered if are there plans for Digital Nasional Bhd to transition fully to a 100% mobile network operator-owned entity, so that it can compete fairly with U Mobile once the second 5G network is rolled out to a high enough area of coverage.</p>


Questions on the second 5G network

<p>KUALA LUMPUR (Nov 8): Shares of Pentamaster Corp Bhd (KL:PENTA) fell on Friday, after the automated test equipment company reported that its net profit nearly halved in the latest quarter.</p>


Pentamaster shares fall after profit nearly halved in latest quarter

<p>Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;</p>

<p>The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.</p>


<p>Hong Leong Investment Bank (HLIB) proposed that revisiting the Shenton House acquisition could present a prime opportunity for IOI Properties Group Bhd (KL:IOIPG), given the favourable market conditions.</p>


Revisiting acquisition of Shenton House 'best available option' for IOI Properties — HLIB

<p>Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.</p>


Putin says Trump’s proposals on Ukraine deserve attention

<p>Analysts are&nbsp;positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets&nbsp;while reaping benefits from the CelcomDigi merger over a longer term.</p>


Analysts positive on Axiata's emerging-market focus, CelcomDigi merger benefits

<p>US stocks hit fresh all-time highs, climbing alongside bonds and commodities, in a concerted cross-asset advance that by one measure was the best for a Federal Reserve (Fed) day in 2024.</p>


Wall Street has best Fed day of 2024 across assets

<p>SINGAPORE (Nov 8): Sats has returned to the black with a profit of S$134.7 million (RM444.5 million) for its 1HFY2025 ended Sept 30,2024, reversing from a loss of S$7.8 million in 1HFY2024, with a growth of S$142.5 million year-on-year.</p>


Sats returns to black with 1HFY2025 profit of S$134.7m, declares 1.5 Singaporean cents dividend

<p>KUALA LUMPUR (Nov 7): The Malaysian Armed Forces (MAF) has confirmed that six members of the Malaysian Battalion (MALBATT) were injured in an explosion near Saida Stadium in Lebanon on Thursday.</p>


Six Malaysian Battalion members injured in Lebanon blast — armed forces

<p>KUALA LUMPUR (Nov 8): As the year-end 11.11 sale is approaching, e-commerce giant Lazada Malaysia introduced AI Lazzie, an artificial intelligence (AI) shopping assistant to help users navigate, discover and shop on the platform.</p>


Lazada launches new AI assistant on its app

<p>WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.</p>


Republicans widen Senate majority, on track to win House

<p>Oil rose, tracking equity markets, as traders digested competing narratives on how Donald Trump’s presidency will affect the crude market.&nbsp;</p>

<p>West Texas Intermediate advanced 0.9% to settle above US$72 (RM316.19) a barrel, helped by the weakening dollar and climbing equities. Global benchmark Brent rose to settle just below US$76.&nbsp;</p>


Oil rises as traders dissect production, geopolitics under Trump

<p>Donald Trump’s victory in the US presidential election has cleared an immediate hurdle for new European stock sales, but uncertainties around tariffs and other policies raise questions over the region’s longer-term prospects.</p>


Trump’s tariff risks to loom over Europe’s 2025 IPO pipeline

<p>SINGAPORE (Nov 8): Oversea-Chinese Banking Corporation (OCBC) has posted a net profit of S$1.97 billion (RM6.54 billion) for its 3QFY2024 ended Sept 30, 2024 — up 9% year-on-year (y-o-y) and 2% quarter-on-quarter (q-o-q). The earnings beat consensus’ estimates of around S$1.9 billion.&nbsp;</p>


OCBC’s 3QFY2024 net profit up 9% y-o-y, 2% q-o-q to S$1.97b

<p>SINGAPORE (Nov 8): UOB Group has reported a record core net profit of S$1.64 billion (RM5.44 billion) for its 3QFY2024 ended Sept 30, 2024, 11% higher year-on-year (y-o-y) and 10% quarter-on-quarter (q-o-q), driven by new record highs in net fee income, and trading and investment income.</p>
