<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 22): Focus Point Holdings Bhd’s net loss grew by over four times to RM1.01 million or 0.61 sen a share for the third quarter ended Sept 30, 2016 (3QFY16), from RM244,000 or 0.15 sen a year earlier, due mainly to lower contribution from the optical and related products segment.</div>

<div class=newsTextDataWrapInner>Revenue saw a slight increase of 3.19% to RM39.05 million from RM37.85 million, the group said in a filing to Bursa Malaysia today.</div>

<div class=newsTextDataWrapInner>For the nine-month period (9MFY16), Focus Point reported a net loss of&nbsp; RM2.25 million or 1.36 sen a share, compared with a net profit of RM539,000 or 0.33 sen in 9MFY15. Revenue increased 5.93% to RM121.3 million from RM114.49 million. 
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On its prospects, Focus Point said that in view of the imminent slowdown of consumer spending, the group is striving to maintain satisfactory performance for FY16.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Continuous expansion of optical retail outlets, optical and related products segment will see improvement in revenue, it said.</div>

<div class=newsTextDataWrapInner>Focus Point’s share price closed up two sen or 10.53% at 21 sen today.</div>

KUALA LUMPUR (Nov 22): Focus Point Holdings Bhd’s net loss grew by over four times to RM1.01 million or 0.61 sen a share for the third quarter ended Sept 30, 2016 (3QFY16), from RM244,000 or 0.15 sen a year earlier, due mainly to lower contribution from the optical and related products segment.

Focus Point posts four-fold rise in 3Q net loss on lower contribution from optical segment

Airbus SE fell just short of meeting its annual delivery target for 2024 by handing over about 760 aircraft to customers following a last-month spurt that helped the company overcome a slow start to the year.

Airbus delivered about 760 jets last year, 10 short of annual goal

The suspect who died in a Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday was identified as Matthew Alan Livelsberger, according to people familiar with the matter. 

The Federal Bureau of Investigation is treating the case as a possible terrorist attack, said the people, who asked not to be identified because the probe is private.

Suspect in deadly Las Vegas Cybertruck blast identified — Bloomberg

Any development in Kampung Baru will take into account its history and land status to ensure that the area remains preserved as a Malay village, according to Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.

Kampung Baru development will preserve Malay identity — Zaliha

Wisma Putra has confirmed the detention of a Malaysian in Saudi Arabia, saying it has extended consular assistance to the individual.

In a statement to Bernama on Thursday, the Foreign Ministry said efforts are ongoing to ensure local laws protect that person's rights.

Wisma Putra confirms Malaysian detained in Saudi Arabia

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion (RM178.76 billion) in 2022, was set to appear in US court on Thursday to face criminal fraud charges after being extradited from Montenegro this week.

Former crypto executive Do Kwon due in US court on criminal fraud charges

The cutting of Russian gas supplies to Moldova's breakaway Transdniestria region has forced the closure of all industrial companies except food producers, an official said on Thursday.

The mainly Russian-speaking territory of about 450,000 people, which split from Moldova in the 1990s as the Soviet Union collapsed, has suffered a painful and immediate hit from Wednesday's cut-off of Russian gas supplies to central and eastern Europe via Ukraine.

Starved of Russian gas, industry shuts down in breakaway Transdniestria

Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.

Value Partners Penang-born co-founder Cheah Cheng Hye steps down as co-chairman and co-CIO, named honorary chairman  

If the latest round of airline delays over the holiday season has you feeling anxious about your next flight, the 2024 annual on-time performance list from Cirium, published on Jan 2, may help.

The aviation analytics firm analyses more than 25 million data points from 600-plus sources each day to determine whether airlines are meeting their scheduled arrival times.

Aeromexico tops 10 most on-time airlines in the world last year

Wall Street's main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts, but Tesla limited gains on the Nasdaq after a dour deliveries report.

Wall Street rises in first trading session of 2025; Tesla slides

European gas gained on the first trading day of the year as the loss of a key supply route coincided with freezing temperatures across the north of the region and an unplanned disruption in Norway.

European gas gains as Norway outage adds to loss of Russian flow

Two senior executives at Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, have resigned in a surprise move, sources told The Edge.

Malaysia Aviation Group to see departure of two senior executives

KUALA LUMPUR (Jan 2): Sunway Real Estate Investment Trust (KL:SUNREIT) said on Thursday that it has completed the acquisition of Kluang Mall in Johor for RM158 million.

Sunway REIT completes Kluang Mall acquisition

The Road Transport Department (JPJ) is offering a special flat-rate compound fee of RM150 for three types of offences over a six-month period starting Friday, said Transport Minister Anthony Loke.

He said the special compound payment covers certain types of JPJ summons notices, namely Summons 53A (AwAS Summons) for speeding violations or running red lights captured by the AwAS camera system, Notice 114 (Interview Notice) and Notice 115 (Sticker Summons Notice by JPJ).

JPJ offers RM150 flat-rate compound for three offences starting Friday

KUALA LUMPUR (Jan 2): Etiqa Life Insurance Bhd, the insurance arm of Malayan Banking Bhd (KL:MAYBANK), has appointed insider Leong Su Yern as its chief executive officer effective immediately.

Etiqa Life Insurance promotes insider Leong Su Yern as CEO

Indonesia has yet to implement a higher mandatory blend of biodiesel planned for Jan 1 as industry participants await technical details of the new regulation, causing confusion among palm oil traders.

Indonesia's palm oil B40 delay causes market uncertainties

Investors are expected to take a more cautious approach in the local stock market, focusing on earnings and clear outlooks amidst anticipated market volatility in 2025.

Analysts expect investors to adopt more cautious stance, focus on earnings and outlook visibility

The High Court here has allowed an ad interim stay on a RM415.5 million fine imposed by the Malaysia Competition Commission (MyCC) on five feedmillers pending filing of affidavits and submissions in relation to its judicial review against the fine.

Judge Datuk Amarjeet Singh Serjit Singh gave the ad interim stay as lawyer for MyCC, Jason Teoh from Jason Teoh &amp; Partners, had said that they would submit an affidavit to show that the fine the five feedmillers are required to pay will not affect the poultry industry as they claim.

High court grants feedmillers temporary stay of RM415.5 mil fine imposed by MyCC

Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024. 
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The Geneva-based company, controlled by a Swiss foundation named for its co-founder Hans Wilsdorf, began the year by hiking prices as much as 8% on some models made from precious metals.

Rolex kicks off 2025 by increasing watch prices after gold soars

Infrastructure works for the Penang Light Rail Transit (LRT) Mutiara Line project and the expansion of the Penang International Airport (PIA) may be carried out simultaneously to minimise inconvenience to the public, according to Chief Minister Chow Kon Yeow.

CM: Penang LRT works, airport expansion to proceed simultaneously

Malaysia’s renewable energy sector is gearing up for strong growth ahead in 2025, buoyed by key initiatives under the National Energy Transition Roadmap (NETR), said Apex Securities.

In a research note on Thursday, among the key initiatives are the 800MW Corporate Green Power Programme (CGPP) and the 2GW Large-Scale Solar 5 (LSS5), which are anticipated to unlock RM7.2 billion worth of engineering, procurement, construction, and commissioning (EPCC) projects.

Renewable energy sector braces for strong growth in 2025 — Apex Securities

Maybank Investment Bank Bhd (Maybank IB) expects crude palm oil (CPO) average selling prices (ASP) to range between RM4,500 and RM5,000 per tonne in the first quarter of 2025 (1Q 2025).

In a note on Thursday, Maybank IB expressed optimism about CPO prices in 1Q 2025, citing strong demand driven by the early Chinese New Year (CNY) at the end of January 2025 and the onset of Ramadan in March.

Maybank IB: CPO prices seen at RM4,500–RM5,000 in 1Q 2025

KUALA LUMPUR (Jan 2): Cypark Resources Bhd (KL:CYPARK) is expected to stay in red with a larger than previously expected core net loss for the current financial year, before a turnaround for the renewable energy company, analysts said.

Cypark Resources to stay in red before rebound in FY2026

Pentamaster Corp Bhd (KL:PENTA) has been served with a writ and statement of claim by Ocado Innovation Ltd, a subsidiary of UK-based online grocery technology company Ocado Group, over allegations of patent infringement involving warehouse automation and robotics technologies.

Pentamaster faces legal action from UK-based Ocado over alleged warehouse automation patent infringement

Velocity Capital Partner Bhd (KL:VELOCITY) sees the emergence of a new majority shareholder yet again.

Velocity Capital sees emergence of single largest shareholder

KUALA LUMPUR (Jan 2): <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum and four stocks showed negative momentum.

Stocks with momentum on Jan 2, 2025: Wellcall, Central Global, XOX, Meridian, BIG Industries, Xin Synergy

Condom maker Karex Bhd (KL:KAREX) has redesignated its independent director Datuk Dr Adeeba Kamarulzaman as the group’s chairperson, effective immediately.

Karex elevates Adeeba Kamarulzaman to chairperson after Ong Eng Long’s resignation

As artificial intelligence (AI) and generative AI gain mainstream traction, there is growing enthusiasm about establishing data centres worldwide to store and process the data fuelling these technologies. In 2023, the global data centre market was valued at US$219 billion, and is projected to grow to US$585 billion by 2032. This represents a 2.7-fold increase, with a compound annual growth rate of 12%, making data centres a significant economic catalyst.

My Say: Data centres: Strategic trade-offs and the promise of high-value jobs

Eastern Pacific Industrial Corp Bhd (EPIC), a Terengganu government-linked company, on Thursday said it has secured a contract to provide pan Malaysia services to national oil-and-gas company Petronas.

Terengganu-backed EPIC bags contract for pan-Malaysia services

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.58% to 1,632.87 on Jan 2, 2025

KUALA LUMPUR (Jan 2): Ecobuilt Holdings Bhd (KL:ECOHLDS) has until Jan 8 to submit its annual report for the financial financial year ended Aug 31, 2024, failing which the trading of its securities will be suspended the following day (Jan 9).