<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 17): Chemical Company of Malaysia Bhd (CCM) has signed a term loan facility for US$18 million with Sumimoto Mitsui Banking Corp Malaysia Bhd, and has subsequently draw down the funds.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, CCM said the proceeds will be used to finance its capital expenditure in relation to an operational efficiency project undertaken by its subsidiary CCM Chemicals Sdn Bhd for its chemical plant in Pasir Gudang, Johor.</p></div>

<div class=newsTextDataWrapInner><p>The balance will be used for other general working capital purposes.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>CCM said the facility will not have any material effect on the earnings of the group for the financial year ending Dec 31, 2015.</p></div>

<div class=newsTextDataWrapInner><p>CCM shares closed up 0.99% or one sen at RM1.02 today, bringing a market capitalisation of RM459.2 million.</p></div>

<div class=newsTextDataWrapInner><p><span style="font-size:12px"><em>(Note: The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)</em></span></p></div>

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KUALA LUMPUR (Nov 17): Chemical Company of Malaysia Bhd (CCM) has signed a term loan facility for US$18 million with Sumimoto Mitsui Banking Corp Malaysia Bhd, and has subsequently draw down the funds.

In a filing with Bursa Malaysia today, CCM said the proceeds will be used to finance ...

CCM draws down US$18m loan for chemical plant in Johor

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(June 27): Japan will take appropriate action as needed to defend its currency as it watches out for sudden, one-sided moves, Finance Minister Shunichi Suzuki told reporters after the yen slid to the lowest level versus the dollar since 1986.

“It is desirable for the exchange rate to mo...

Japan’s Finance Minister repeats warnings after Yen hits lowest since 1986

The US Department of Justice (DOJ) said that it had reached an agreement, resolving two civil forfeiture cases, with fugitive Low Taek Jho (Jho Low), members of his family, and trust entities Jho Low established.

US recovers Monet painting, Paris apartment from Jho Low

KUALA LUMPUR (June 27): Sime Darby Motors Sdn Bhd (SDM) has launched its multi-franchise one stop service centre, DRIVECARE, to cater to the needs of car owners across all segments and brands.

Sime Darby Motors launches multi-franchise one stop service centre

More to come

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BlackRock in M'sia since the 90s, having equity investments in 100 PLCs, with three largest entities being banking institutions, says Zafrul

The High Court here has rejected a judicial review application brought by the Malaysian Bar to challenge Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's discharge not amounting to acquittal (DNAA) in the Yayasan Akalbudi corruption case.

High Court rejects Malaysian Bar’s bid to challenge Zahid’s discharge not amounting to acquittal in graft case

KUALA LUMPUR (June 27): Human rights non-governmental organisation (NGO) Lawyers for Liberty (LFL) said the larger issue of the constitutionality of Universiti Teknologi Mara (UiTM) being exclusively for the Bumiputera remains unresolved.

Issue of constitutionality of UiTM being exclusively for Bumiputeras remains unresolved, say lawyers

Lynas Rare Earths has earmarked US$25 million (RM117.93 million) in capital expenditure (capex) to facilitate Lynas Malaysia's first production of two separated Heavy Rare Earths (HRE) products by 2025.

Lynas earmarks US$25m capex for rare earth expansion in Malaysia

Shares in Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to their lowest in more than two months, after the furniture maker reported weaker-than-expected results for the second quarter ended April 30, 2024 (2QFY2024).

Poh Huat shares fall over two-month low after 2Q miss

HSBC Malaysia has launched a brand-new lifestyle credit card, the HSBC Live+ Credit Card, in partnership with Visa.

In a statement on Wednesday, the bank said the credit card is designed to elevate the lifestyle experience of internationally minded customers, tailored with cashbacks to benefit them from their lifestyle spending, which includes dining, shopping and entertainment.

HSBC Malaysia launches Live+ credit card with Visa

<p>MIDF Research<strong>&nbsp;</strong>recommends&nbsp;accepting the privatisation offer of RM11 per share for Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT), while maintaining its 'buy' call on Capital A Bhd (KL:CAPITALA), with a target price of RM1.06.</p>

<p>In a recent note, the research firm said MAHB is actively pursuing 15 additional foreign carriers to operate in the country within the next two years.&nbsp;</p>


Accept MAHB privatisation offer, buy Capital A shares amid robust traffic growth, says MIDF

<p>Investments by BlackRock and its affiliate companies in Malaysia will be among the highlights at the&nbsp;Dewan Rakyat sitting on Thursday.</p>

<p>According to the Order Paper published on Parliament's official website,&nbsp;the&nbsp;matter will be raised by Lim Guan Eng (Pakatan Harapan-Bagan) to Investment, Trade&nbsp;and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz&nbsp;during question time.</p>


Details of BlackRock's investments in Malaysia in focus on Thursday

<p>The Employees Provident Fund (EPF) had approved nearly RM7 billion in withdrawals from Account 3 (Account Flexible) as of June 10, according to the Ministry of Finance (MOF).</p>


EPF approved nearly RM7b in Account 3 withdrawals as of June 10 — MOF

<p>China became a world leader in electric vehicles (EVs) by showering companies with public cash. It’s a charge increasingly heard in the US and Europe, and a refrain that’s central to the escalating trade war.</p>


China’s EV success story built on price wars, Tesla factor

<p>The US&nbsp;dollar on Wednesday hit its highest level against the Japanese yen in nearly 38 years, and investor speculation was high that authorities in Japan could intervene to strengthen the country's currency, while major US&nbsp;stock indices climbed.</p>


Dollar hits 38-year high versus yen; US stocks rise

<p>Shares in Poh Huat Resources Holdings Bhd (KL:POHUAT) fell to their lowest in more than two months, after the furniture maker reported weaker-than-expected results for the second quarter ended April 30, 2024 (2QFY2024).</p>


<p>RHB Investment Bank (RHB IB) has initiated coverage of Pentamaster Corp Bhd (KL:PENTA), with a 'buy'&nbsp;rating at RM4.93 and a target price (TP) of RM6.16, or a 25% upside with 0.4% yield for the financial year ending Dec 31, 2024 (FY2024).</p>


RHB IB starts coverage of Pentamaster, target price at RM6.16

<p>The High Court here has rejected a judicial review application brought by the Malaysian Bar to challenge Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's discharge not amounting to acquittal (DNAA) in the Yayasan Akalbudi corruption case.</p>


<p>HSBC Malaysia has launched a brand-new lifestyle credit card, the HSBC Live+ Credit Card, in partnership with Visa.</p>

<p>In a statement on Wednesday, the bank said the credit card is designed to elevate the lifestyle experience of internationally minded customers, tailored with cashbacks to benefit them from their lifestyle spending, which includes dining, shopping and entertainment.</p>


<p>Rakuten Trade said SBH Marine Holdings Bhd (KL:SBH) may extend its upward trajectory, after it broke out from its 11-week&nbsp;U-shaped recovery pattern, with a second consecutive white candle to surpass the 30 sen resistance on Wednesday.</p>


SBH may extend upward trajectory, says Rakuten Trade

<p>Amazon.com Inc&nbsp;has reached a US$2 trillion (RM9.44 trillion) market valuation for the first time ever as an artificial intelligence (AI)-fuelled rally pushed the tech giant deeper into record territory.</p>


Amazon hits US$2 tril in value as AI frenzy fuels rally

<p>IHH Healthcare Bhd (KL:IHH) has appointed Tan Sri Dr Nik Norzrul Thani N&nbsp;Hassan Thani, 63, as its independent and non-executive chairman, effective from Wednesday.</p>


Nik Norzrul Thani is IHH chairman

<p>Major US&nbsp;stock indices closed with modest gains on Wednesday after a choppy trading session, with investors holding their cards close to the vest ahead of a presidential debate and an inflation report closely watched by Federal Reserve (Fed) policymakers.</p>


Wall Street ends slightly up, trade choppy ahead of inflation data

<p><em><strong>More to come</strong></em></p>

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<p>Temasek Holdings has co-led a US$65 million (S$88.25 million or RM306.91 million) Series A+ round in Sydney-headquartered plastic recycling tech firm Samsara Eco.&nbsp;</p>


Temasek co-leads US$65m Series A+ round in ‘plastic-eating enzyme’ creator Samsara Eco

<p>Asian currencies slumped to their weakest in more than 19 months, as traders grappled with the prospect of higher-for-longer US interest rates and the resurgent dollar.</p>


Asian currencies slump to 2022 low on US rates, dollar strength

<p>Volvo Cars will postpone the US&nbsp;deliveries of its EX30 electric vehicle (EV) as it focuses on expanding production of the compact SUV outside China in the wake of tariff hikes on exports from the country, a company spokesperson said on Wednesday.</p>


Volvo to delay EX30's US shipments due to higher tariffs on Chinese imports

<p>Lynas Rare Earths has earmarked US$25 million (RM117.93 million) in capital expenditure (capex) to facilitate Lynas Malaysia's first production of two separated Heavy Rare Earths (HRE) products by 2025.</p>


<p>Chipmaker Micron Technology beat estimates for third-quarter revenue on Wednesday, driven by a surge in demand for its memory chips from the booming artificial intelligence (AI) industry and improved pricing in other markets.</p>


Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up

<p>Georgia staged the biggest upset in Euro history with a 2-0 win over Portugal on Wednesday to stride into the knock-out phase of their first major tournament, thanks to an early Khvicha Kvaratskhelia strike and a Georges Mikautadze penalty.</p>
