<div class=newsTextDataWrapInner><p>SINGAPORE (Mar 19): Frasers Centrepoint Malls has announced plans for The Centrepoint shopping centre to undergo a $50 million asset enhancement initiative (AEI), as part of the group's ongoing efforts to boost the shopping experience for the mall's customers.</p></div>

<div class=newsTextDataWrapInner><p>The programme is scheduled to start in May this year, and will see major renovation works to the ground and basement levels and an integration of floor plates between the main building and basement annexes.</p></div>

<div class=newsTextDataWrapInner><p>Frasers Centrepoint Commercial CEO Christopher Tang said the asset enhancement of The Centrepoint was part of an on going strategic initiative aimed at refreshing the malls under the group's portfolio.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"We are pleased to announced the AEI and are confident the overall exercise will inject greater vibrancy into the mall. The Centrepoint is one of the most iconic malls of Orchard Road...since it opened its doors in 1983, the mall has undergone several makeovers ," he said in a statement filed with SGX this evening.</p></div>

<div class=newsTextDataWrapInner><p>According to the statement, the Orchard Road entrance will see a major revamp with a wider street frontage and greater shop visibility.</p></div>

<div class=newsTextDataWrapInner><p>The mall will remain open and continue to trade during the renovation.</p></div>

<div class=newsTextDataWrapInner><p>The AEI is scheduled for completion in the second half of 2016.</p></div>

<div class=newsTextDataWrapInner><p>Fraser Centrepoint Ltd closed 2.5 cents higher at $1.75.</p></div>

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SINGAPORE (Mar 19): Frasers Centrepoint Malls has announced plans for The Centrepoint shopping centre to undergo a $50 million asset enhancement initiative (AEI), as part of the group's ongoing efforts to boost the shopping experience for the mall's customers.

The programme is scheduled...

The Centrepoint gets $50 million makeover

Stocks climbed with bonds while the dollar fell as traders welcomed Donald Trump’s pick of Scott Bessent for Treasury Secretary, betting the hedge-fund manager will bring a Wall Street mindset to the role.

US stocks, bonds climb on Trump’s Treasury pick

(Nov 26): Republican President-elect Donald Trump says he plans to fundamentally alter the U.S. relationship with NATO during his second four-year term and rapidly bring the war in Ukraine to a close.

On the campaign trail, he floated sending armed forces into Mexico to battle drug...

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Here is a brief recap of some corporate announcements that made news on Monday.

IJM, RHB Bank, Affin Bank, Mr DIY, PetDag, KLCCP Stapled Group, S P Setia, IOI Properties, MPI, Hong Leong Industries, Gas Malaysia, Solarvest, Ho Hup Construction, Haily

The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.

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SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.

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Funds managed by Blackstone Inc agreed to invest US$3.5 billion (RM15.63 billion) to create a joint venture with EQT Corp, enabling the US natural gas producer to reduce its debt.

Blackstone, EQT form US$3.5 bil gas pipeline venture

The benchmark S&P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.

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Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.

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The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.

The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).

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<p>Some 647.13 million shares in Affin Bank Bhd (KL:AFFIN) representing a 26.96% stake were traded off-market on Monday.</p>

<p><em>Bloomberg </em>data showed that the shares were sold in eight tranches for RM1.78 billion. The blocks of shares were transacted between RM2.46 and RM2.84 per share, representing a discount of between 17% and 4.05% over Affin Bank’s last closing price of RM2.96 in the open market on Monday.</p>


Affin Bank sees 27% stake traded at a discount in off-market deals valued at RM1.78 bil

<p>Radium Development Bhd (KL:RADIUM) said it is acquiring 13 acres of&nbsp; leasehold land in Cheras — which will be used for mixed development — for RM458 million.</p>


Radium Development buys 13-acre land in Cheras for RM458m

<p>Here is a brief recap of some corporate announcements that made news on Monday.</p>


<p>Petronas Dagangan Bhd's (KL:PETDAG)&nbsp;net profit jumped 81.4% year-on-year&nbsp;to RM335.13 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM184.72 million previously, on the back of strong margins supported by favourable price&nbsp;trends, coupled with a decrease in overall product costs due to lower purchase premium.</p>


PetDag's 3Q net profit jumps 81% on strong margins amid favourable MOPS price, pays 24 sen dividend

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<p>SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.</p>


<p>Solarvest Holdings Bhd (KL:SLVEST) posted a 28.1% rise in net profit to RM9.2 million for its second quarter ended Sept 30, 2024 (2QFY2025), from RM7.2 million a year earlier, driven by improved margins from its commercial and industrial segment, supported by a reduction in solar panel costs.</p>


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<p>Global airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel Group Inc forecast, with ticket prices reflecting higher costs and lingering supply-chain disruptions.</p>


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<p>(Nov 25): Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, the <i>Wall Street Journal</i> reported on Monday.</p>

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<p>Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.</p>


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<p>(Nov 26):&nbsp;Republican President-elect Donald Trump says he plans to fundamentally alter the U.S. relationship with NATO during his second four-year term and rapidly bring the war in Ukraine to a close.</p>

<p>On the campaign trail, he floated sending armed forces into Mexico to battle drug...

<p>The benchmark S&amp;P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.</p>


<p>The Ministry of Transport (MOT) will review a proposal requiring senior citizens aged 65 and above to undergo competency and health assessments before renewing their&nbsp;driving licences.</p>


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<p>ITMAX System Bhd (KL:ITMAX) reported a 35.6% jump in its net profit for the quarter ended Sept 30, 2024 (3QFY2024), as its revenue climbed 48.54% year-on-year.</p>


ITMAX 3Q net profit jumps 36% to RM22.42 mil, revenue up 49%

<p>Semiconductor packaging and testing services provider Malaysian Pacific Industries Bhd (KL:MPI), a unit of Hong Leong Group, said it is anticipating a challenging operating environment ahead, even as it reported a near doubling of its net profit for its first quarter spanning July to September this year.</p>


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<p>IOI Properties Group Bhd’s (KL:IOIPG) net profit fell 60.3% in the first quarter from a year earlier, no thanks to higher interest expense.</p>


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<p>Building support services provider KJTS Group Bhd (KL:KJTS) said its third-quarter net profit fell 46.4% year-on-year despite a higher revenue, due to an increase in administrative expenses.</p>


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<p>Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.</p>


<p>Haily Group Bhd (KL:HAILY) said it has secured a RM115.1 million contract, its largest this year, for the construction of residential units in Johor Bahru.</p>
