<div class=newsTextDataWrapInner><p>SINGAPORE (Sept 1): China New Town Development Company has entered into a strategic cooperation framework agreement with Shenzhen Venture Capital Group (SVCG) to explore industrial development.</p></div>

<div class=newsTextDataWrapInner><p>To kick-start the agreement, CDB Nanjing, a wholly-owned subsidiary of China New Town, has entered into a share purchase agreement with Kunshan Hong-tu Venture Consulting and Management.</p></div>

<div class=newsTextDataWrapInner><p>In the share purchase agreement, CDB Nanjing will acquire 13.9% of Jiangsu Hong-tu Software Venture Capital Investment, an indirectly-owned subsidiary of SVCG, for RMB37.5 million ($8.3 million), to participate in the development of a land parcel in Yuhuatai District Software Valley in Nanjing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SVCG is an institutional investor in China's high-tech industry with over 15 years of venture capital experience. Its controlling shareholder is the China Development Bank (CDB).</p></div>

<div class=newsTextDataWrapInner><p>Both SVCG and CDB are long-term investors in China's urbanisation strategy.</p></div>

<div class=newsTextDataWrapInner><p>China New Town closed flat at 5.3 cents on Tuesday.</p></div>


SINGAPORE (Sept 1): China New Town Development Company has entered into a strategic cooperation framework agreement with Shenzhen Venture Capital Group (SVCG) to explore industrial development.

To kick-start the agreement, CDB Nanjing, a wholly-owned subsidiary of China New Town, has en...

China New Town to collaborate with Shenzhen Venture Capital for property development

According to the World Economic Forum’s Future of Jobs Report 2025, technological change, geoeconomic fragmentation, economic uncertainty, demographic shifts and the green transition – individually and in combination – are among the major drivers expected to shape and transform the global labour market by 2030.

How secure is your job? Macrotrends shaping global labour market  

KUALA LUMPUR (Jan 28): A moderate earthquake measuring 5.9 on the Richter scale was detected in the Minahassa Peninsula, Indonesia, at 10.53pm on Tuesday night. Tremors were also felt around Semporna, Tawau, and Lahad Datu in Sabah.

Moderate earthquake jolts eastern Indonesia, tremors felt in Sabah

KUALA LUMPUR (Jan 28): Prime Minister Datuk Seri Anwar Ibrahim expressed hope that Wednesday’s Chinese New Year (CNY) celebrations will mark a fresh start, strengthening the spirit of unity and familial bonds for the benefit of the nation.

PM hopes CNY 2025 celebrations will mark fresh start to strengthen nation’s unity

KUALA LUMPUR (Jan 28): One man was killed and four others sustained minor injuries after trespassing onto the Keretapi Tanah Melayu Bhd (KTMB) railway tracks between Teluk Pulai and Klang on Tuesday.

One dead, four injured after trespassing on KTMB railway tracks

KOTA KINABALU (Jan 28): The Malaysian Anti-Corruption Commission (MACC) in Sabah has detained a former director of a state government agency for allegedly soliciting and receiving bribes worth approximately RM110,000.

MACC arrests former Sabah agency director over alleged bribery worth RM110,000

GOMA, Democratic Republic of Congo (Jan 28): Rebels seized the airport of east Congo's largest city Goma on Tuesday, potentially cutting off the main route for aid to reach hundreds of thousands of displaced people, after capturing the city in an offensive that left dead bodies lying in the streets.

Congo’s M23 rebels take control of Goma airport, embassies attacked in capital

MONTREAL/SEATTLE/WASHINGTON/BENGALURU (Jan 28): Boeing said on Tuesday that it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.

Boeing stock rallies on plane progress despite US$11.8b annual loss

BENGALURU (Jan 28): European shares closed at a record high on Tuesday, with retail stocks leading broader gains, as selling pressures ebbed a day after the Chinese artificial intelligence (AI) startup DeepSeek triggered a global market rout.

European shares close at record high as tech jitters abate

BENGALURU (Jan 28): The S&P 500 swung between gains and losses on Tuesday, as advancing megacap stocks including Apple helped arrest declines, even as a mixed bag of corporate earnings fuelled volatility.

S&P 500 choppy as megacap gains counter broader weakness

SEOUL (Jan 28): An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country's south, while preparing for departure to Hong Kong, fire authorities said.

Air Busan Airbus plane catches fire at S.Korea's Busan airport, no casualties

<p>KUALA LUMPUR (Jan 28): The sell-off of artificial intelligence (AI) proxies continued on Tuesday, with approximately RM23.33 billion in market capitalisation among 15 Bursa Malaysia-listed companies wiped out since mid-January this year.</p>


US chip policy, DeepSeek wipe out RM23b market cap in 15 AI proxy companies on Bursa

<p>(Jan 28): The success of DeepSeek’s new artificial intelligence (AI) model points to how China might eventually achieve an even bigger technological breakthrough in the face of US export curbs: Producing its own cutting-edge chips.</p>


DeepSeek shows China playbook for even bigger US shock on chips

<p>KUALA LUMPUR (Jan 28): Malaysia’s oil and gas (O&amp;G) upstream services segment could anticipate a stable outlook for the next three years, supported by crude oil price projections of US$70-US$80 per barrel, according to the <em>Petronas Activity Outlook 2025-2027</em>.</p>


Stable upstream O&G outlook seen in Petronas Activity Outlook 2025-2027

<p>KUALA LUMPUR (Jan 28): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:</p>


MAHB, TH Plantations, Salcon, Kinergy Advancement, Datasonic, EVD, Key Alliance, Taghill, Malakoff, Eonmetall and Ecobuilt

<p>KUALA LUMPUR (Jan 28): The Philippine House of Representatives on Tuesday passed a special resolution to recognise the efforts and commitment of the Malaysian Parliament in expanding regional parliamentary cooperation.</p>


Philippine House of Reps passes resolution recognising Malaysia’s efforts in expanding parliamentary cooperation

<p>KUALA LUMPUR (Jan 28): His Majesty Sultan Ibrahim, King of Malaysia, and Her Majesty the Queen, Raja Zarith Sofiah, have extended Chinese New Year greetings to Malaysians celebrating the occasion.</p>


King, Queen extend Chinese New Year greetings

<p>SEOUL (Jan 28): An Airbus plane belonging to South Korean carrier Air Busan&nbsp;caught fire on Tuesday at Gimhae International Airport in the country's south, while preparing for departure to Hong Kong, fire authorities said.</p>


<p>KUALA LUMPUR (Jan 28): Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.</p>


Ecobuilt plans capital reduction and rights issue

<p>KUALA LUMPUR (Jan 28): Steel product manufacturer Eonmetall Group Bhd (KL:EMETALL) has proposed a private placement of up to 30% of its share base to raise&nbsp;RM22.14 million.</p>


Eonmetall plans private placement to raise RM22m for debt repayment, working capital

<p>KUALA LUMPUR (Jan 28): One man was killed and four others sustained minor injuries after trespassing onto the Keretapi Tanah Melayu Bhd (KTMB) railway tracks between Teluk Pulai and Klang on Tuesday.</p>


<p>COLOMBO (Jan 28): The Sri Lankan government has started talks with India's Adani Group to lower the cost of power from two wind power projects the group will build in the island nation's northern province, the cabinet spokesman said on Tuesday.</p>


Sri Lanka says talking with Adani Group to lower wind power purchase cost

<p>KUALA LUMPUR (Jan 28): The Ministry of Investment, Trade and Industry (Miti) needs to intensify efforts in formulating strategies to ensure the trade and investment target of RM13 billion at the World Expo 2025 in Osaka, Japan, (Expo 2025 Osaka) is achieved.</p>


Miti must intensify efforts to achieve RM13b trade and investment target at World Expo 2025 in Osaka — Fadillah

<p>KUALA LUMPUR (Jan 28): A&nbsp;moderate earthquake measuring 5.9 on the Richter scale was detected in the Minahassa Peninsula, Indonesia, at 10.53pm on Tuesday night. Tremors were also felt around Semporna, Tawau, and Lahad Datu in Sabah.</p>


<p>KOTA KINABALU (Jan 28): The Malaysian Anti-Corruption Commission (MACC) in Sabah has detained a former director of a state government agency for allegedly soliciting and receiving bribes worth approximately RM110,000.&nbsp;</p>


<p>BENGALURU (Jan 28): The S&amp;P 500 swung between gains and losses on Tuesday, as advancing megacap stocks including Apple helped arrest declines, even as a mixed bag of corporate earnings fuelled volatility.</p>


<p>GOMA, Democratic Republic of Congo (Jan 28): Rebels seized the airport of east Congo's largest city Goma on Tuesday, potentially cutting off the main route for aid to reach hundreds of thousands of displaced people, after capturing the city in an offensive that left dead bodies lying in the streets.</p>


<p>KUALA LUMPUR (Jan 28): Prime Minister Datuk Seri Anwar Ibrahim expressed hope that Wednesday’s Chinese New Year (CNY) celebrations will mark a fresh start, strengthening the spirit of unity and familial bonds for the benefit of the nation.</p>


<p>MONTREAL/SEATTLE/WASHINGTON/BENGALURU (Jan 28): Boeing said on Tuesday that it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.</p>


<p>BENGALURU (Jan 28): European shares closed at a record high on Tuesday, with retail stocks leading broader gains, as selling pressures ebbed a day after the Chinese artificial intelligence (AI)&nbsp;startup DeepSeek triggered a global market rout.</p>
