<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 

Investors hoping for a "Goldilocks" moment for emerging markets in 2025 following years of global interest rate hikes are grappling with significant uncertainty ahead of Donald Trump's impending return to the White House.

The dollar's rigorous rally, and worries over US tariffs, potential unfunded spending sprees and slowing interest rate cuts from the Fed knocked a string of emerging market currencies and weighed on some bonds as the election results rolled in.

Is Goldilocks gone? Emerging markets face uncertain path under Trump

To acknowledge that global trade is threatened by the rise in protectionism and geopolitical fragmentation is neither provocative nor sexy. But that does not lessen the need to address these challenges.

The low spark of high-friction trade

China’s stock futures slid on Friday as Beijing authorities announced a 10 trillion yuan (US$1.4 trillion or RM6.13 trillion) programme to refinance local government debt as part of policy support measures to boost flagging growth.

Asian equities drop with focus on China meeting

Companies have been moving factories from China to Southeast Asia, anticipating Donald Trump would slap high tariffs on Beijing if he regained the White House, a move set to accelerate with his election win, industrial park developers in the region say.

Southeast Asia prepares for factories fleeing Trump tariffs on China

Indonesia has prepared scenarios to anticipate the impact of potential policies from US president-elect Donald Trump, a finance ministry official said on Friday.

The head of the ministry's fiscal policy agency, Febrio Kacaribu, said the scenarios were designed not only to mitigate negative impacts, but also to find opportunities under a Trump administration.

He did not provide further details.

Indonesia preparing scenarios to anticipate Trump's policies

KUALA LUMPUR (Nov 8): The Malaysian Takaful Association (MTA) launched on Friday, a takaful framework dubbed as Hijrah27, aimed at broadening the public understanding of the industry and expanding its reach to underserved segments, including micro, small, and medium enterprises (MSMEs).

Malaysian Takaful Association launches new framework to enhance industry’s reach

United Overseas Bank Ltd (UOB) led Singapore bank stocks to record highs on Friday after delivering a hefty profit beat, led by wealth and trading gains.

UOB rose more than 9% as it reported third-quarter profit that climbed to S$1.64 billion (US$1.24 billion or RM5.44 billion). The bank also signalled the potential for more returns to investors through a share-buyback programme. Oversea-Chinese Banking Corp’s (OCBC) stock rose almost 2%.

Singapore bank shares surge to records on wealth, trading gains

Oasis Home Holding Bhd, a distributor and retailer of kitchenware and household products, has filed for an initial public offering (IPO) on the ACE Market to raise funds for expansion and working capital.

Livestream commerce firm Oasis Home files for ACE Market IPO

Prasarana Malaysia Bhd (Prasarana) on Friday signed a collaboration agreement with the International Association of Public Transport (UITP), officially designating Prasarana as a Regional Training Centre (RTC).

The agreement also places Prasarana as the second RTC in the Asia-Pacific region after Australia and the 10th worldwide under the aegis of the UITP.

Prasarana recognised as regional training centre by International Association of Public Transport

The Terengganu government's strategic holding investment company Terengganu Incorporated Sdn Bhd (Terengganu Inc) signed two Memoranda of Understanding (MOUs) with MB Holding LLC from Oman for the purpose of exploring potential industrial cooperation in the state.

Terengganu Inc, MB Holding LLC sign MOUs on potential industrial cooperation

<p>KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Court orders Muhyiddin to pay RM1.35m in damages to Guan Eng over defamatory comments on Yayasan Albukhary’s tax breaks

<p>A spate of lacklustre debuts throughout October fails to dent sentiment as issuers charge ahead with their initial public offerings (IPO) while investors still want a piece of the market action.</p>


Issuers charge ahead with IPOs, investors unfazed despite string of weak debuts

<p>US Federal Reserve (Fed) chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision on Thursday to lower interest rates by a quarter percentage point.&nbsp;</p>


Fed cuts rates by 25 bps; Powell says wouldn’t resign if asked by Trump

<p>Donald Trump's recent US election&nbsp;win will affect Malaysian exporters, but is largely neutral for domestic growth, the ringgit, and the equity market, said CGS International.</p>


Trump presidency largely neutral for Malaysia, while market consolidation offers buying opportunities — CGS

<p>Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;</p>

<p>The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.</p>


Maxis 3Q net profit rises 28% with more subscribers, lower staff costs

<p>Former deputy international trade and industry minister Professor Dr Ong Kian Ming wondered if are there plans for Digital Nasional Bhd to transition fully to a 100% mobile network operator-owned entity, so that it can compete fairly with U Mobile once the second 5G network is rolled out to a high enough area of coverage.</p>


Questions on the second 5G network

<p>China’s stock futures slid on Friday as Beijing authorities announced a 10 trillion yuan (US$1.4 trillion or RM6.13 trillion) programme to refinance local government debt as part of policy support measures to boost flagging growth.</p>


<p>Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.&nbsp;&nbsp;</p>


Gloomy earnings outlook puts semiconductor-related stocks under selling pressure

<p>KUALA LUMPUR (Nov 8): Shares of Pentamaster Corp Bhd (KL:PENTA) fell on Friday, after the automated test equipment company reported that its net profit nearly halved in the latest quarter.</p>


Pentamaster shares fall after profit nearly halved in latest quarter

<p>Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.</p>


Putin says Trump’s proposals on Ukraine deserve attention

<p>Hong Leong Investment Bank (HLIB) proposed that revisiting the Shenton House acquisition could present a prime opportunity for IOI Properties Group Bhd (KL:IOIPG), given the favourable market conditions.</p>


Revisiting acquisition of Shenton House 'best available option' for IOI Properties — HLIB

<p>Analysts are&nbsp;positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets&nbsp;while reaping benefits from the CelcomDigi merger over a longer term.</p>


Analysts positive on Axiata's emerging-market focus, CelcomDigi merger benefits

<p>WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.</p>


Republicans widen Senate majority, on track to win House

<p>Communications Minister Fahmi Fadzil said on Friday it is too early to reveal the specific conditions that will be imposed on U Mobile Sdn Bhd to lead the second 5G network.</p>


Fahmi says still premature to reveal conditions set for U Mobile on second 5G network

<p>US stocks hit fresh all-time highs, climbing alongside bonds and commodities, in a concerted cross-asset advance that by one measure was the best for a Federal Reserve (Fed) day in 2024.</p>


Wall Street has best Fed day of 2024 across assets

<p>SUNGKAI (Nov 8): FGV Holdings Bhd (KL:FGV), one of the world’s largest producer of crude palm oil (CPO), said it is actively working with its clients to facilitate the export of crude-palm-kernel-oil (CPKO) products that comply with the European Union Deforestation Regulation (EUDR) into Europe.</p>


FGV working closely with clients to facilitate export of crude-palm-kernel-oil products

<p>CYBERJAYA (Nov 8): Malaysia is set to experience 20% to 40% more rainfall during the upcoming Northeast Monsoon season, compared to a year earlier, according to the Meteorology Department.</p>


Malaysia braces for up to 40% more rainfall this monsoon season, officials say

<p>KUALA LUMPUR (Nov 8): As the year-end 11.11 sale is approaching, e-commerce giant Lazada Malaysia introduced AI Lazzie, an artificial intelligence (AI) shopping assistant to help users navigate, discover and shop on the platform.</p>


Lazada launches new AI assistant on its app

<p>KUALA LUMPUR (Nov 7): The Malaysian Armed Forces (MAF) has confirmed that six members of the Malaysian Battalion (MALBATT) were injured in an explosion near Saida Stadium in Lebanon on Thursday.</p>


Six Malaysian Battalion members injured in Lebanon blast — armed forces

<p>SINGAPORE (Nov 8): Sats has returned to the black with a profit of S$134.7 million (RM444.5 million) for its 1HFY2025 ended Sept 30,2024, reversing from a loss of S$7.8 million in 1HFY2024, with a growth of S$142.5 million year-on-year.</p>
