<div class=newsTextDataWrapInner><p>KUALA LUMPUR: BLoyalty Sdn Bhd, a wholly-owned subsidiary of Berjaya Corp Bhd, today revealed enhanced capabilities for its rewards programme, which it has renamed 'B Infinite', which transforms the previously card-focused programme into one complemented by a digital app that also allows mobile payment.</p></div>

<div class=newsTextDataWrapInner><p>The new rewards programme has multi-faceted capabilities, including the function as a mobile marketing platform to find out about the latest merchant flash deals, payment gateway and redemption service for its members.</p></div>

<div class=newsTextDataWrapInner><p>B Infinite also launched its mobile app, the first loyalty mobile app in Malaysia to incorporate mobile payment, allowing its mobile-powered consumers to collect and redeem points.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to Berjaya Corp CEO Datuk Seri Robin Tan, the launch of B Infinite is a prime example of the group's wide transformation story.</p></div>

<div class=newsTextDataWrapInner><p>"We want to enhance our brick-and-mortar businesses with digital capabilities to meet the needs of mobile-powered consumers for today and the future. We believe this will pave the way for Berjaya Corp's sustained growth," he said.</p></div>

<div class=newsTextDataWrapInner><p>B Infinite, previously known as BCARD, counts more than five million members, 80 merchants and over 4,000 stores nationwide as part of its network.</p></div>

<div class=newsTextDataWrapInner><p>B Infinite's merchants include Caltex, Starbucks, 7Eleven, Lazada and U Mobile.</p></div>


KUALA LUMPUR: BLoyalty Sdn Bhd, a wholly-owned subsidiary of Berjaya Corp Bhd, today revealed enhanced capabilities for its rewards programme, which it has renamed 'B Infinite', which transforms the previously card-focused programme into one complemented by a digital app that also allows mobile p...

Berjaya launches new rewards programme

France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.

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Salesforce Inc says it’s taking multiple large customers from former partner Veeva Systems Inc in a mounting rivalry to sell software to the pharmaceutical industry.

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Iranian authorities have lifted a ban on Meta's instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions, Iranian state media reported on Tuesday.

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Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.

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Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks.

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American Airlines Group Inc said a technical vendor glitch was the cause of a brief groundstop on all US flights on Christmas Eve, one of the busiest days of the holiday travel season.

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KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

BHIC, Pharmaniaga, MMAG, Prolintas, Nestcon, Datasonic, PUC, KKB Engineering, Parlo 

Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.

However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.

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OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

OCBC Bank named top Malaysian bank for second year running

European natural gas prices fluctuated above €45 (RM210.32) a megawatt-hour amid persistent supply concerns, with just a week left until a key transit deal between Russia and Ukraine expires.

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<p>The government has removed the 85% demand capacity cap for non-domestic users under its self-consumption (SelCo) programme, and to allow the installation of solar panels on the ground and over bodies of water.</p>


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<p>FBM KLCI’s upside in 2025 could be limited by a slowdown in foreign inflow and the strengthening US dollar, Phillip Capital warned and recommended that investors look at small- to mid-cap stocks.</p>


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<p>KKB Engineering Bhd (KL:KKB) has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act against a contractor over outstanding claims amounting to RM10.1 million.</p>


KKB Engineering sues glove factory project contractor over unpaid claims

<p>Permodalan Nasional Bhd (PNB) remains optimistic about the outlook for Malaysia's economy and the local bourse next year, underpinned, among others, by clear economic policies and steady inflows of foreign direct investments (FDIs).</p>


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<h3><span style="color:#d35400;">Banks</span></h3>

<p><span style="color:#27ae60;"><strong>Overweight (maintain)</strong></span></p>

<p><strong>RHB RESEARCH (DEC 10):</strong> We think market volatility will likely persist amid uncertainties with respect to US policies and the US federal funds...

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<p>IN a bid to accelerate the adoption of renewable energy (RE) and ahead of the upcoming fifth large-scale solar (LSS5) programme, the government has opened up the installation of battery energy storage systems (BESS) to third parties, under concession agreements, according to documents sighted by ...

BESS programme: A game changer for the Malaysian energy landscape?

<p>Prolintas Infra Business Trust (KL:PLINTAS) said it has settled its dispute with KL-Kuala Selangor Expressway Bhd (Latar) over a cost-sharing agreement, for an undisclosed amount.</p>


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<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) shareholders have given the nod for the fabrication and engineering company to dispose of its 51% equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German defence firm Rheinmetall AG for RM54 million.</p>


BHIC shareholders approve RM54m sale of 51% stake in LCS subcontractor

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>MMAG Holdings Bhd (KL:MMAG), which is involved in the sales of digital devices and logistic services, said on Tuesday it has acquired a Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd for US$4.61 million (RM20.76 million) cash.</p>


MMAG buys aircraft for RM20 mil to expand air cargo capacity

<p>KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:</p>

<p><b>Boustead Heavy Industries Corp Bhd</b>'s (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

<p>OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication <i>The Banker</i> for the second consecutive year.</p>


<p>Datasonic Group Bhd (KL:DSONIC) said Azlan Abdul Kadir’s status as a substantial shareholder of the company has ceased following a 20 million share disposal.</p>


Azlan Abdul Kadir ceases to be Datasonic's substantial shareholder

<p>Malaysia’s economy sustained strong growth in the first three quarters of 2024 (9M2024), expanding by 5.2% from January to September, said the Department of Statistics Malaysia.</p>


Malaysia's economy up 5.2% in 9M2024, official data show

<p>Donald Trump's surprise threat to retake control of the Panama&nbsp;Canal&nbsp;and his expansionist declaration that the US should own Greenland signals that the incoming US&nbsp;president will pursue a foreign policy&nbsp;unbound&nbsp;by diplomatic niceties.</p>


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<p>East Navigators Capital Ltd is no longer a substantial shareholder in Pharmaniaga Bhd (KL:PHARMA) after disposing of a 1.76% stake in the PN17-status pharmaceutical firm for RM5.32 million.</p>


East Navigators' direct stake in Pharmaniaga falls below 5% after selling shares at discount

<p>JAPANESE financial group Nomura, which recently commemorated its 50th year of operations in Malaysia, sees strong opportunities to expand its business here amid a positive outlook on the country.</p>

<p>The group has three operating entities in Malaysia, namely Nomura Asset Management Malaysia...

Nomura sees more opportunities in Malaysia amid positive outlook  

<p>The proposed new international airport in Kuching is set to enhance Sarawak’s appeal, providing a crucial X factor to attract businesses, investors and visitors.</p>


Abang Johari sees new Sarawak airport driving state’s economic growth

<p>Malaysia’s producer price index (PPI) declined by 0.4% in November 2024, a slower decrease compared to the 2.4% drop in October 2024, mainly due to the continued contraction in the mining sector, according to the Department of Statistics Malaysia (DOSM).</p>


DOSM: Malaysia’s November PPI records slower decrease of 0.4%

<p>DBS Group Holdings Ltd’s shares are set to close out their best year since 2009, with some analysts predicting the rally could extend, driven by the bank’s burgeoning wealth management business.</p>
