<div class=newsTextDataWrapInner><p>SINGAPORE (April 29): Frasers Hospitality, a division of Frasers Centrepoint Limited, plans to launch 10 more properties in China’s key cities where it has an established presence - Tianjin, Wuxi, Chengdu, Shanghai and Shenzhen - and new market launches in Nanchang, Dalian and Changsha, strengthening its China portfolio.</p></div>

<div class=newsTextDataWrapInner><p>It says it is on track to reach its goal of 30 properties with 7,000 units, a key milestone to achieving its global expansion target of 30,000 units by 2019.</p></div>

<div class=newsTextDataWrapInner><p>These new launches will be across three of its brand offerings: Gold - Standard Fraser serviced residences (Fraser Suites, Fraser Place, Fraser Residence ), green-living concept Modena by Fraser serviced residences, and the urban-inspired, high-tech and intuitive Capri by Fraser hotel residence brand.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It opened Frasers Tianjin today.</p></div>

<div class=newsTextDataWrapInner><p>Frasers Hospitality’s global portfolio, including those in the pipeline, stands at 139 properties and more than 80 cities and 22,800 keys worldwide.</p></div>

<div class=newsTextDataWrapInner><p>Frasers Centrepoint closed 1.2% lower at $1.67.</p></div>


SINGAPORE (April 29): Frasers Hospitality, a division of Frasers Centrepoint Limited, plans to launch 10 more properties in China’s key cities where it has an established presence - Tianjin, Wuxi, Chengdu, Shanghai and Shenzhen - and new market launches in Nanchang, Dalian and Changsha, strengthe...

Frasers Hospitality to open 10 new properties In China 

The Communications and Multimedia (Amendment) Bill 2024, a topic of significant debate, was passed by the lower house of Parliament on Monday.

The Bill was passed with a slim majority of 19 votes after the opposition requested a bloc vote, resulting in 59 Members of Parliament in favour, 40 against, and one abstention. The remaining MPs did not turn up to vote.

Contentious CMA amendment bill passed with narrow margin in Parliament vote: who voted for and against

Here is a brief recap of some business news and corporate announcement that made the headlines on Wednesday.

Axiata, Astro, Eco World International, Privasia Technology, MyEG, Petron Malaysia, AE Multi

US consumer prices rose at a firm pace in November that was in line with expectations, solidifying expectations for the Federal Reserve to cut interest rates next week.

The so-called core consumer price index (CPI) — which excludes food and energy costs — increased 0.3% for a fourth straight month, Bureau of Labor Statistics figures showed on Wednesday.

US inflation in line with forecasts solidifies bets on Fed cut

The move to increase the working hours of nurses in hospital wards by three hours under the new Public Service Remuneration System (SSPA) directive underwent multiple rounds of engagement, including with seven trade unions and nurses association, said Health Minister Datuk Seri Dr Dzulkefly Ahmad.

Health minister defends nurses' increased working hours

The Cabinet Committee on Road Safety and Traffic Congestion Meeting Number 3 of 2024 held on Wednesday approved an allocation of RM463 million to improve public transport services.

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said this followed the allocation announced in the 2025 Budget as part of the country's preparation to assume its duties as Asean Chair in 2025 and for Visit Malaysia Year 2026.

RM463 million approved for public transport service improvement — DPM Ahmad Zahid

The Dewan Rakyat on Wednesday approved the Trustee (Amendment) Bill 2024 and the Trustees (Incorporation) (Amendment) Bill 2024, preparing Malaysia for two international evaluations by the Financial Action Task Force (FATF) and the Organisation for Economic Cooperation and Development (OECD) next year.

Dewan Rakyat passes two Trustee Bills to meet international standards

Sub-region trade under the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) surged to US$660 billion (RM2.92 trillion) in 2023 from US$350.9 billion in 2020, according to the Ministry of Economy.

Sub-region trade under IMT-GT surges to US$660 bil in 2023 — Hanifah Hajar

German Chancellor Olaf Scholz filed a petition with the lower house of parliament requesting a confidence vote next Monday that will trigger a snap election in late February.

Scholz surrendered his Bundestag majority last month when he sacked Finance Minister Christian Lindner of the Free Democrats due to a budget dispute, pulling the plug on his three-party governing coalition.

Scholz requests confidence vote triggering February election

The Fire and Rescue Department (JBPM) has mobilised 13,556 officers and rank-and-file, assisted by 2,147 auxiliary and 8,421 volunteer firefighters, from 369 teams nationwide to gear up for the second wave of floods in the country.

Fire and Rescue Dept mobilises over 24,000 personnel to prepare for second wave of floods

The diagnosis-related group (DRG) pricing system to regulate private hospital bills is expected to be rolled out by the second quarter of 2025, Health Minister Datuk Seri Dr Dzulkefly Ahmad said on Wednesday, noting that the Private Healthcare Facilities & Services Act 1998 must first be amended.

Dzulkefly: DRG pricing system rollout in 2Q2025 more likely as private healthcare law amendment needed

<p>MBSB Bhd (KL:MBSB) could potentially dish out another dividend between March and June 2025, according to BIMB Securities on Wednesday.</p>


MBSB may announce another dividend in March-June 2025 after Tuesday's surprise, BIMB says

<p>KUALA LUMPUR (Dec 11): Shares of hospital operators fell on Wednesday, after the government announced that it would speed up the implementation of standardised prices for private healthcare early next year.</p>


Private healthcare groups under selling pressure after PM's remark on expedited plan for standardised prices

<p>KUALA LUMPUR (Dec 11): Shares of Dagang NeXchange Bhd (KL:DNEX) climbed to their highest in four months amid high volume trade, following news of its joint venture (JV) with Gamuda Bhd (KL:GAMUDA) to provide Google Cloud services in Malaysia.</p>


Dagang NeXchange shares climb to four-month high following news of JV with Gamuda, analysts cautious

<p>Singapore Technologies Telemedia Pte Ltd (ST Telemedia) said financial instruments will form part of its sale of "a majority stake" in U Mobile Sdn Bhd to a company owned by tycoon Tan Sri Vincent Tan Chee Yioun and Johor princess Tunku Tun Aminah Sultan Ibrahim.</p>


Financial instruments included in sale of 'majority stake' in U Mobile, says Temasek's ST Telemedia

<p>The Communications and Multimedia (Amendment) Bill 2024, a topic of significant debate, was passed by the lower house of Parliament on Monday.</p>

<p>The Bill was passed with a slim majority of 19 votes after the opposition requested a bloc vote, resulting in 59 Members of Parliament in favour, 40 against, and one abstention. The remaining MPs did not turn up to vote.</p>


<p>KUALA LUMPUR (Dec 11): Crude palm oil (CPO) production is projected to decline further in the coming months due to the ongoing monsoon season and the typical seasonal drop in output, according to analysts.</p>


Monsoon season drives continued decline in CPO production — analysts

<p>Mara Inc and ACE Market-listed Privasia Technology Bhd (KL:PRIVA) are teaming up to develop and operate a data centre in Bagan Datuk, Perak.</p>


Mara teams up with Privasia to develop data centre in Bagan Datuk, Perak

<p>PUTRAJAYA (Dec 10): The Court of Appeal on Wednesday has partially allowed the appeal by former Ampang member of Parliament (MP) Datuk Zuraida Kamaruddin, who had been bonded to pay Parti Keadilan Rakyat (PKR) RM10 million in damages for leaving the party after the 14th general election, and reducing the sum to RM100,000.</p>


COA partially allows Zuraida’s appeal, reducing payment of PKR bond from RM10m to only RM100k

<p>The threat of soaring government debt supply destabilising financial markets has intensified, the world's top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage.</p>


Government debt glut could rock markets in 2025, BIS says

<p>LONDON/HONG KONG (Dec 11):&nbsp;Things are going from bad to worse for London’s IPO market, where less money has been raised this year than on some tiny frontier venues.</p>


The UK stock market now trails Oman and Malaysia in IPO rankings

<p>According to the Malaysian Investment and Development Authority (Mida), 11 companies and eight family offices had committed to setting up operations in the Forest City special financial zone as of November.&nbsp;</p>


Forest City manages to attract family offices; Johor continues to attract investments

<p>Sarawak Premier Tan Sri Abang Johari Tun Openg declined to comment further on the resolution formula relating to the gas distribution issue involving Petroleum Sarawak Bhd (Petros) and Petroliam Nasional Bhd&nbsp;(Petronas), which he disclosed on Tuesday.</p>


Abang Johari leaves it to PM to announce Sarawak gas distribution resolution formula

<p>TP TEC Holding Bhd (KL:TPTEC) made its debut on the LEAP Market on Wednesday, opening at 13 sen per share, representing a 30% premium to its reference price of 10 sen.</p>


TP TEC Holding debuts on LEAP Market at 30% premium to reference price

<p>Malaysia’s wholesale and retail trade accelerated and rose 5.5% in October from a year earlier amid strong consumer spending during the festive season, official data on Wednesday showed.</p>


Malaysia's wholesale and retail trade growth accelerates in October amid festive spending, official data show

<p>In one of their most dovish statements in more than a decade, Chinese leaders signalled on Monday they are ready to deploy whatever stimulus is needed to counter the impact of expected US&nbsp;trade tariffs on next year's economic growth.</p>


China ready to go deeper into debt to counter Trump's tariffs

<p>Astro Malaysia Holdings Bhd (KL:ASTRO) made a net profit of RM46.94 million for its third quarter ended Oct 31, 2024 (3QFY2025) — its fourth consecutive quarter in the black, as opposed to a net loss of RM47.05 million incurred in 3QFY2024.</p>


Astro logs fourth straight profitable quarter on favourable forex, lower amortisation of assets

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>KUALA LUMPUR (Dec 11): The Renewable Energy (RE) supplied to Singapore starting this month is the country’s surplus green electricity supply that is currently unused.</p>


Surplus renewable energy sold to Singapore — deputy minister

<p>The diagnosis-related group (DRG) pricing&nbsp;system to regulate private hospital bills is expected to be rolled out by the second quarter of 2025, Health Minister Datuk Seri Dr Dzulkefly Ahmad said on Wednesday, noting that the Private Healthcare Facilities &amp; Services Act 1998 must first be amended.</p>


<p>MyEG Services Bhd’s (KL:MYEG) Zetrix blockchain platform and Astron-Xinghuo BIF have partnered to offer Chinese nationals and business entities digital identification cards and business registration services for verification outside of China.</p>
