<div class=newsTextDataWrapInner>SINGAPORE: DBS Bank and Wilmar International have signed a S$200 million corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA) on Aug&nbsp;27. 
 
The loan facility’s interest rate, which references SORA, comprises a compounded daily SORA rate calculated in arrears and an applicable margin. 
 
At the start of each interest period, Wilmar will also have the option to enter into a SORA interest rate swap (IRS) to give certainty of<a href="https://www.theedgesingapore.com/news/banking-finance/dbs-and-wilmar-inks-200-mil-sora-based-loan-first-agri-business-industry" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div>

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SINGAPORE: DBS Bank and Wilmar International have signed a S$200 million corporate loan agreement pegged to the Singapore Overnight Rate Average (SORA) on Aug 27.

The loan facility’s interest rate, which references SORA, comprises a compounded daily SORA rate calculated in arr...

DBS and Wilmar inks S$200 mil SORA-based loan, a first for Singapore’s agri-business industry

Construction and trading group Pesona Metro Holdings Bhd (KL:PESONA) has secured a RM181.8 million contract for the construction of two blocks of 28-storey condominiums  in Cyberjaya.

The developer of the project, comprising 606 units of condominiums on Persiaran Semarak Api in Cyber 11, is Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of Avaland Bhd (KL:AVALAND), said Pesona Metro in a bourse filing on Monday.

Pesona Metro bags RM182m condo construction job in Cyberjaya

HKBN Ltd has received a non-binding preliminary indication of interest from I Squared Capital, potentially setting up a bidding war for the Hong Kong-listed broadband provider.

HKBN confirms receiving takeover interest from I Squared

Stellantis NV chief executive officer Carlos Tavares’ surprise departure leaves the maker of Jeep SUVs and Peugeot cars without clear leadership at a time of significant upheaval in the industry.

Stellantis reels after CEO’s early departure leaves void

Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.

Xin Hwa shares fall to record low despite early suspension lift of cargo transport unit’s licence

Workers at nine Volkswagen car and component plants across Germany started strikes lasting several hours on Monday, bringing assembly lines to a halt as labour and management clash over the future of the carmaker's German operations.

Nine Volkswagen plants on strike as labour battle escalates

The amendments to the Malaysian Communications and Multimedia Commission Act 1998 (Act 589) aim to revise the composition of the Malaysian Communications and Multimedia Commission (MCMC), including the separation of roles between the chairman and chief executive officer, as well as expanding the commission's functions.

Proposed amendments to restructure MCMC membership and expand its functions

The euro fell on Monday as a threat from France's far right to collapse its government kept European markets under pressure, while tech stocks lifted global shares and the dollar firmed in a key week for the US interest rate outlook.

European stocks, euro slide amid French political uncertainty

Majuperak Holdings Bhd (KL:MJPERAK), a 51.41%-owned subsidiary of the Perak State Development Corp, announced on Monday the appointment of Muhammad Yazurin Sallij Muhammad Yasin as its new chief executive officer (CEO).

Majuperak names Rapid Bus’ Muhammad Yazurin as its new CEO

Prices of new homes in China rose at a faster pace in November, a private survey showed on Sunday, as a string of policies may be lending support to the ailing property market.

China new home price rises accelerate in November, survey finds

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

MRT Corp begins tender process for Penang LRT contractor

Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;

Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.

Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.

SimeProp inks data-centre lease agreement worth up to RM5.6b

Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.

Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;

CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.

Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.

Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

The US will launch on Monday its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, said two people familiar with the matter.

Latest US strike on China's chips hits semiconductor toolmakers

LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.

LBS surges in early trade after disposal gain boosts earnings and special dividends

Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.

Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.

Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

1MDB-Tanore: Najib takes stand in his defence

THE FBM KLCI is highly likely to end the year in the positive zone — the first time after three consecutive years of closing lower, barring any unforeseen circumstances that may unfold before the countdown to the new year.

Year to date, the benchmark index has risen almost 10%, although...

Is 1,700-level a reachable target for FBM KLCI?

KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.

Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war.

Malaysia urges firms from China to avoid using it to dodge US tariffs

The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.

Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.

The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally

Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

The euro fell on Monday as a threat from France's far right to collapse its government kept European markets under pressure, while tech stocks lifted global shares and the dollar firmed in a key week for the US interest rate outlook.