<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 24): Former Health Minister Tan Sri Lee Kim Sai died last night at the age of 82.</p></div>

<div class=newsTextDataWrapInner><p>According to his son Lee Boon Kuan, his father died at 12.30am this morning at their home in Jalan Setia Bakti, Bukit Damansara here.</p></div>

<div class=newsTextDataWrapInner><p>“My father passed away peacefully. He suffered a stroke in October last year. We will miss him,” he said when contacted by Bernama.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He said his father’s remains will be buried at Xiao En Memorial Park on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Lee, a former MCA deputy president has served in three ministerial portfolios: first as labour minister from 1986, then as housing and local government minister from 1989 to 1990, before being appointed as health minister, a post he held from 1990 to 1995.</p></div>

<div class=newsTextDataWrapInner><p>He is survived by his wife, Puan Sri Wan Yuet Fong, and four children.&nbsp;</p></div>


KUALA LUMPUR (Nov 24): Former Health Minister Tan Sri Lee Kim Sai died last night at the age of 82.

According to his son Lee Boon Kuan, his father died at 12.30am this morning at their home in Jalan Setia Bakti, Bukit Damansara here.

“My father passed away peacefully. He suffe...

Former health minister Lee Kim Sai dies, aged 82

KUALA LUMPUR (Aug 27): Property developer S P Setia Bhd (KL:SPSETIA) says it has initiated legal action against its former senior management and a former director of the group, over alleged breaches of duties linked to the purchase of lands in Kota Kinabalu, Sabah, under the group’s Aeropod project.

S P Setia sues former senior management and a former director for alleged breaches of duties 

CCK Consolidated Holdings Bhd (KL:CCK) said its second quarter net profit rose 18% to RM19.77 million from RM16.76 million a year ago, thanks to a better performance by its poultry segment.

Better poultry business boosts CCK Consolidated's 2Q earnings

Inspector-General of Police Tan Sri Razarudin Husain said today that the investigation and prosecution of former Prime Minister Tan Sri Muhyiddin Yassin regarding issues of race, religion and royalty (3R) were not conducted hastily.

Muhyiddin's 3R case not handled hastily — IGP

ITMAX System Bhd (KL:ITMAX) said its second quarter net profit rose 26.6% to RM19.16 million from RM15.12 million a year earlier, on the back of higher revenue.

ITMAX System posts 27% higher 2Q profit on increased revenue

ALOR SETAR (Aug 27): A total of RM15.26 billion in investments has been realised in the Northern Corridor Economic Region (NCER) via collaboration between the Northern Corridor Implementation Authority (NCIA), the Malaysian Investment Development Authority (Mida) and the Kedah state government in the first seven months of 2024.

NCER records RM15.26b in realised investments for Kedah in January-July 2024

Sime Darby closed FY2024 on a strong footing, with its net profit more than doubling to RM3.31 billion from RM1.46 billion in the previous year.

NEWS: Sime Darby ends FY2024 on strong footing

Construction firm Kerjaya Prospek Group Bhd, which posted a 15.83% increase in net profit to RM70.64 million in the first half of this year (1HFY2024), is anticipating stronger construction activities in the second half of the year that will further drive its growth.

Kerjaya Prospek expects new orders this year to surpass RM1.5b, sees stronger construction activities in 2H

Sime Darby is witnessing a “very strong EV adoption” for its vehicle portfolio. Its automotive arm, which is the official exclusive distributor of BYD passenger EVs, also carries EV models by the likes of BMW, Peugeot, Hyundai and Volvo.

NEWS: Sime Darby sees “very strong EV adoption”

Sime Darby talks about the impact of the diesel subsidy rationalisation and expected petrol subsidy cuts on the demand for vehicles under its portfolio.

NEWS: Sime Darby talks diesel and fuel subsidy cuts

Indonesia sold 40-year local currency bonds for the first time as looming interest rate cuts boost the allure of longer-tenor debt.

Indonesia sells longest-ever 40-year bond as easing pivot nears

<p>Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banks by assets, said on Tuesday its net profit rose 10% in the second quarter from a year earlier, thanks to higher net interest income and non-interest income.</p>


Public Bank's 2Q net profit rises 10%, declares 10 sen dividend

<p>KUALA LUMPUR (Aug 27): Property developer S P Setia Bhd (KL:SPSETIA) says it has initiated legal action against its former senior management and a former director of the group, over alleged breaches of duties linked to the purchase of lands in Kota Kinabalu, Sabah, under the group’s Aeropod project.</p>


<p>Colin Huang’s reign as China’s richest person only lasted about two weeks.</p>

<p>A slump on Monday in shares in PDD Holdings Inc, the parent company of e-commerce giant Temu, sent Huang’s fortune tumbling by US$14.10 billion (RM61.42 billion), his biggest one-day loss ever. Huang is now the fourth-wealthiest person in China with a net worth of US$35.2 billion, according to the Bloomberg Billionaires Index.&nbsp;</p>


Temu owner’s founder loses spot as China’s richest person after 18 days

<p>KUALA LUMPUR (Aug 27): Former two-time prime minister Tun Mahathir Mohamad told the court on Tuesday that he is not embarrassed to admit that he has Indian ancestry, but that does not negate the fact that he is a Malay.</p>


Tun M not ashamed to admit he has Indian blood, says he is still Malay

<p>Tan Sri Bashir Ahmad Abdul Majid, former managing director of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT), is set to join the board of directors of Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, sources said.</p>


Former MAHB MD Bashir Ahmad said to be joining MAG board

<p>RHB Bank Bhd (KL:RHBBANK), Malaysia’s fourth largest bank by assets, said on Tuesday that its net profit fell by 11% in the second quarter from a year earlier, dragged by provisions.</p>


RHB Bank’s 2Q net profit down 11%, declares 15 sen dividend

<p>Silverlake Axis on Monday announced that it is offering 36 Singapore cents (RM1.20) per share to its shareholders in a bid to take the company private.</p>


Silverlake founder teams up with Nazir Razak’s Ikhlas Capital to privatise Singapore-listed firm

<p>Sime Darby Bhd (KL:SIME) closed the financial year ended June 30, 2024 (FY2024) on a strong footing, with its net profit more than doubling to RM3.31 billion from RM1.46 billion in the previous year. This was largely due to a RM2 billion gain from the disposal of Ramsay Sime Darby Health Care (RSDH) in December 2023.</p>


Sime Darby ends FY2024 on strong footing on disposal gain from Ramsay Sime Darby Health Care stake, declares 10 sen dividend

<p>Shares of Hong Leong Industries Bhd (KL:HLIND) surged on Tuesday to a new all-time high, thanks to record profits at the motorcycle assembler on the back of better margins and other one-off gains.</p>


Hong Leong Industries shares surge to new all-time high on record earnings

<p>Shares of Ajinomoto (Malaysia) Bhd (KL:AJI) jumped on Tuesday, and may be headed for their&nbsp;best day in 17 months, as the seasoning company reported a surge in quarterly profits.</p>


Ajinomoto shares jump, on course for best day in 17 months after profit surge

<p>Malaysia must keep the door open for further monetary policy tightening to tamp down any price pressures as the government winds down subsidies, according to the Organisation for Economic Cooperation and Development (OECD).</p>


Malaysia must be ready to hike rates to curb prices, OECD says

<p>Steel Hawk Bhd's initial public offering (IPO) in conjunction with its transfer from the LEAP Market to the ACE Market saw its offer to the Malaysian public oversubscribed by 276.83 times.</p>


O&G unit Steel Hawk’s ACE Market IPO oversubscribed by 276.83 times

<p>Former prime minister Tan Sri Muhyiddin Yassin claimed trial at the Sessions Court here on Tuesday after being charged with sedition over his speech during the Nenggiri state by-election campaign.</p>


Muhyiddin claims trial after being hit with sedition charge

<p>The Securities Commission Malaysia’s Audit Oversight Board (SC's AOB) has imposed fines of RM150,000 on Grant Thornton Malaysia PLT (GTM) and RM37,500&nbsp;on its audit partner Mohamad Heizrin Sukiman,&nbsp;for failure to comply with a key audit partner rotation requirement.</p>


SC's AOB fines audit firm and partner for breach of partner rotation requirement

<p>Nestlé (Malaysia) Bhd’s (KL:NESTLE) share price has fallen below the RM100-mark after 10 consecutive days of decline, wiping out RM2.36 billion of the company’s market capitalisation.</p>


Nestlé Malaysia falls below RM100-mark following 10 days of decline

<p>One of the last remaining bright spots for Chinese consumption is rapidly fading as the nation’s economic malaise takes a toll on demand for even the most accessible of goods.</p>


PDD’s US$55b stock crash sends warning on China economy

<p>Malaysia’s GEAR-uP initiative will bolster corporate capital spending and support infrastructure development without adding financial strain to the government, said Moody’s Ratings.</p>


Malaysia's RM120b GEAR-uP programme bolsters capital spending without extra fiscal strain — Moody’s

<p>KUALA LUMPUR (Aug 27): Attorneys of former finance minister Tun Daim Zainuddin are asking the Sessions Court here to deny the prosecution’s request that their client undergoes a mental health evaluation to ascertain if he is fit to stand trial for his criminal case.</p>


Prosecution wants Daim to undergo mental health evaluation

<p>Intraday short-selling (IDSS) has been suspended for both cocoa manufacturer Guan Chong Berhad (KL:GCB) and machine manufacturer Notion VTec Berhad (KL:NOTION) after significant declines in both companies’ share prices.</p>


Intraday short-selling suspended for Guan Chong, Notion VTec

<p>Bermaz Auto Bhd (KL: BAUTO), which on Tuesday introduced Chinese electronic vehicle (EV) XPeng G6 to the Malaysian market, said the group will prioritise building the brand presence of the latest model over sales or profits in the near term,&nbsp;according to Bermaz group chief executive officer Datuk Francis Lee Kok Chuan.</p>
