<div class=newsTextDataWrapInner><p>SINGAPORE (June 7): Property group Frasers Centrepoint Limited (FCL) is jointly developing a residential-cum-commercial project on a one-hectare residential site in Ho Chi Minh City at the cost of US$85 million (S$115 million) with G Homes House Development Joint Stock Company.</p></div>

<div class=newsTextDataWrapInner><p>G Homes is a joint venture between FCL and Vietnam-listed boutique developer An Duong Thao Dien Real Estate Trading Investment Joint Stock Company (ADTD).</p></div>

<div class=newsTextDataWrapInner><p>FCL will acquire a 70% stake, or 35 million shares, in G Homes for $21.3 million. ADTD and other shareholders hold the remaining 30% stake in the JV.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The macro trends in Vietnam, such as a growing middle class, rising urbanisation and increasing income, coupled with the improving financial environment and relaxation of foreign investment rules in Vietnam, make this an exciting time for real estate in Vietnam,” says FCL’s group CEO, Lim Ee Seng.</p></div>

<div class=newsTextDataWrapInner><p>The residential site will be served by the city’s first metro line, which is slated for completion in 2020. It is also home to international schools and is residential enclave for expatriates.</p></div>

<div class=newsTextDataWrapInner><p>FCL ended 0.63% lower at S$1.58 on Tuesday.</p></div>


SINGAPORE (June 7): Property group Frasers Centrepoint Limited (FCL) is jointly developing a residential-cum-commercial project on a one-hectare residential site in Ho Chi Minh City at the cost of US$85 million (S$115 million) with G Homes House Development Joint Stock Company.

G Homes ...

Frasers Centrepoint to jointly develop S$115 mil Ho Chi Minh property

Global air cargo markets saw robust growth in demand in November 2024, with cargo tonne-kilometres surging by 8.2% compared to a year earlier, according to the International Air Transport Association (IATA).

This marked the 16th consecutive month of growth, it said in a statement on Thursday.

Global air cargo and passenger demand up by over 8% in November — IATA

New York's top court rejected on Thursday US President-elect Donald Trump's request to halt his sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, court papers showed.

New York's top court denies Trump's bid to halt sentencing

India’s Tata Consultancy Services Ltd (TCS) reported earnings that missed analysts’ estimates, signalling overseas clients are still cautious in betting big on information technology (IT) projects.

Tata Consultancy Services misses estimates in sign IT spending yet to pick up

Senior political secretary to the Prime Minister Datuk Seri Shamsul Iskandar Mohd Akin has urged all parties to stop politicising the issue of an additional document regarding Datuk Seri Najib Razak’s purported house arrest.

Shamsul Iskandar urges all parties not to politicise issue of additional document

UBS is set to pay a minimum of hundreds of millions of dollars to settle Credit Suisse's violations of an earlier agreement with the US Department of Justice over customers in the US who evaded tax, the Wall Street Journal reported on Thursday.

UBS nears settlement over Credit Suisse tax evasion case — report

Health Minister Datuk Seri Dr Dzulkefly Ahmad on Thursday stressed the need for the government to invest more in preventive measures and focus on social determinants of health (SDH) to create a healthier population in Malaysia.

Govt need to invest more in preventive measures, social determinants of health — Dzulkefly

EVENING 5: Public Bank’s MGO for LPI Capital falls short of 50% acceptance level

EVENING 5: Five things you need to know today

Malaysia’s Asean chairmanship 2025 theme, “Inclusivity and Sustainability” aptly reflects the region’s collective commitment to shaping an equitable and resilient future, in line with current global trends and the aspirations of its people, said Asean secretary-general Dr Kao Kim Hourn.

Malaysia sets the stage for a resilient Asean with 2025 chairmanship theme: Asean sec-gen

The role of the National Farmers Organisation (Nafas) as the main supplier of fertiliser to farmers across the country must be maintained, said Merbok Area Farmers Organisation (PPK) general manager Faizul Mat Hasan.

National Farmers Organisation must remain the country's main fertiliser supplier, say farmers

<p>There is a possibility for Public Bank Bhd (KL: PBBANK) to offer "more than biannual" dividend payments, despite not having the highest dividend yield, according to Kenanga Investment Research.</p>


Kenanga sees possibility for Public Bank offering 'more than biannual' dividends, cites synergies from LPI acquisition

<p>Malaysian construction stocks extended their decline on Thursday, amid wider market selldown sparked by worries of escalation in global trade tensions.</p>

<p>The retreat followed strong rallies of builders last year, which continued into the first week of 2025. “After having a good run, a healthy correction is expected, and any noise will trigger a pullback,” said Danny Wong, who manages assets worth over RM5 billion as the chief executive officer of Areca Capital.</p>


Malaysian construction stocks extend decline on data centre concerns

<p>The worst is over for Malaysian banks’ asset quality, and investors should take the opportunity to buy during near-term profit-taking for their solid loan growth and dividend yields, said MIDF Amanah Investment Bank.</p>


Worst is over for banks' asset quality, buy into selldown — MIDF

<p>Palm oil could hit as high as RM5,000 per tonne over the next few months, though the high prices are unlikely to be sustained beyond the first quarter, Hong Leong Investment Bank (HLIB) flagged.</p>


Palm oil could hit RM5,000 in next few months but unsustainable beyond 1Q — HLIB

<p>Tenaga Nasional Bhd (TNB) (KL:TENAGA), Malaysia's largest utility company, views data centres as highly attractive customers for its infrastructure projects, offering excellent returns on investment (ROI).</p>


TNB: Data centres 'best customers' for infrastructure investment

<p>Malaysia’s stock market will have little upside ahead following strong run-up even as economic growth remains intact, HSBC flagged on Thursday.</p>

<p>Valuations are not as appealing, especially when compared to elsewhere in Asean, HSBC said in a note.</p>


Malaysia stocks have little upside ahead after recent rally, says HSBC

<p>Former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Samad has filed an application to disqualify the law firm of Messrs Lee Hishammuddin Allen &amp; Gledhill (LHAG) from representing Felda and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) in its RM2 billion suit against him and 28 others, in relation to the KL Vertical City (KLVC) project.</p>


Shahrir wants law firm representing Felda and FIC to be disqualified; trial postponed

<p>Malaysia's neutral stance&nbsp;in the US-China tech cold war faces growing challenges moving forward, according to Professor Dr Chris Miller.</p>

<p>As the author of <em>Chip War: The Fight for the World’s Most Critical Technology</em>, Miller notes that Malaysia has benefited from trade diversion due to its neutrality, but sustaining this position will become more difficult.</p>


Expert warns of rising challenges to Malaysia's neutrality in US-China tech conflict

<p>Public Bank Bhd's (KL:PBBANK) conditional mandatory takeover offer for the remaining shares of insurer LPI Capital Bhd (KL:LPI) that it does not own has lapsed, as it did not secure sufficient acceptances by the close of the offer on Thursday.</p>


Public Bank's MGO for LPI Capital closes without fulfilling 50% acceptance level

<p>Major shareholders of NPC Resources Bhd (KL:NPC) are in talks for a proposal that could lead to the&nbsp;Sabah-based palm oil producer being taken private at RM2.82 per share.</p>


NPC Resources' major shareholders in talks that could lead to privatisation — statement

<p>The 20-year Treasury bond offered a grim warning as a selloff fuelled by inflationary angst gripped global debt markets: 5% yields are already here.</p>


Treasury market gets first 5% yield in sign of what could come

<p>Malaysia's property sector will be mainly driven by the completion of mega infrastructure projects and the transition to new technologies this year, according to CBRE | WTW group managing director Tan Ka Leong at the media launch of the real estate consultancy's 2025 Market Outlook Report earlier on Thursday.</p>


CBRE | WTW: Mega infrastructure projects, new technologies to shape Malaysian real estate industry in 2025

<p>BIMB Securities expects Bursa Malaysia Bhd (KL:BURSA) to report strong double-digit growth for its final quarter and FY2024 earnings, driven by a robust securities trading segment.</p>


BIMB expects Bursa to report double-digit earnings for 4Q and FY2024

<p>Billionaire Elon Musk has held private discussions with allies about removing British Prime Minister Keir Starmer from his position before the next general election, the <i>Financial Times</i> reported on Thursday.</p>


Musk discussed ways to oust British PM Starmer before next election — report

<p>Yinson Production, the offshore business arm of Yinson Holdings Bhd (KL:YINSON), said on Thursday that its floating production storage and offloading (FPSO) vessel, FPSO&nbsp;<i>Atlanta</i>, has achieved first oil in Brazil.&nbsp;</p>


Yinson's FPSO Atlanta in Brazil hits first oil

<p>Oil-and-gas services firm T7 Global Bhd (KL:T7GLOBAL) said on Thursday it has been awarded a six-month contract with undisclosed value.</p>

<p>The contract involves maintenance, construction, and modification (MCM) for Hibiscus Petroleum Bhd’s (KL:HIBISCS) production asset, T7 Global said in an exchange filing. The contract runs from Dec 19, 2024, and comes with an optional six-month extension at the client’s discretion.</p>


T7 Global gets six-month contract from Hibiscus Petroleum

<p>MPHB Capital Bhd (KL:MPHBCAP), which is involved in the credit services and property businesses, said that its shares will be suspended, effective from Jan 22, to facilitate the company’s selective capital reduction before it is taken private.</p>


MPHB Capital shares to be suspended from Jan 22 until delisting

<p>Malaysia aims to become the region's conduit for electricity, talent, and supply chain diversification, while also strengthening its position in oil and gas, semiconductors, and Islamic finance&nbsp;this year, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysia aims to be conduit for electricity, talent, and supply chain diversification in 2025, says PM

<p>Malaysia aims to locally produce its own graphics processing unit (GPU) chips in the next five to 10 years, in line with the increasing demand from data centres, according to Economy Minister Rafizi Ramli.</p>


Malaysia aims to locally produce graphics processing unit chips within 5-10 years, Rafizi says

<p>Former prime minister Datuk Seri Najib Razak has denied that his defence team's recent challenge of the charges against him was a last-minute attempt to mount a technical challenge, in the face of overwhelming evidence, to have the charges dismissed.</p>
