<div class=newsTextDataWrapInner>SINGAPORE (Aug 2): UOB KayHian is maintaining its “sell” rating on Genting Hong Kong (GENHK) with a target price of 26 Singaporean cents, given its cruise segment is unlikely to turn losses around in 2018.</div>

<div class=newsTextDataWrapInner>In 1H17, GENHK reported a record net loss of around US$200 million to US$220 million (S$271.3 million to S$299 million), compared with 1H16 net loss of US$74 million.</div>

<div class=newsTextDataWrapInner>This is excluding contribution from its 45% associate Travelers International that operates<a href="https://www.theedgesingapore.com/genting-hong-kong%E2%80%99s-cruise-segment-unlikely-turnaround-2018">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Aug 2): UOB KayHian is maintaining its “sell” rating on Genting Hong Kong (GENHK) with a target price of 26 Singaporean cents, given its cruise segment is unlikely to turn losses around in 2018.

In 1H17, GENHK reported a record net loss of around US$200 million to US$220 mill...

Genting Hong Kong's cruise segment unlikely to turn around in 2018

The S&P 500 may be punching through fresh records, but it hasn’t been accompanied by high turnover convictions. On the contrary, trading volumes make it feel like no one’s around, even with earnings season kicking off and a fraught presidential vote just around the corner.

S&P 500 futures trading volume evaporates as records fall

Ericsson AB shares rose to their highest in two years after the telecommunications equipment company’s deal with AT&T Inc helped push third-quarter earnings above analysts’ estimates.

Adjusted earnings before interest and taxes were 7.3 billion kronor (US$699 million or RM3.03 billion), the Stockholm-based company said in a statement on Tuesday. That compared to an average of 5.6 billion kronor forecast by analysts surveyed by Bloomberg.

Ericsson soars on strong US growth as AT&T deal pays off

Malaysia Airlines' inaugural A330neo flight to Melbourne on Nov 25 to be affected by delay in aircraft delivery

Malaysia Airlines' inaugural A330neo flight to Melbourne on Nov 25 affected by delay in aircraft delivery

KUALA LUMPUR (Oct 15): Police have adhered to all existing provisions in their investigation into GISB Holdings Sdn Bhd, said Inspector-General of Police Tan Sri Razarudin Husain.

He said the investigation is based on reports and information received, as well as intelligence conducted b...

IGP: GISB investigations conducted in accordance with the law

Taiwan is considering building renewable power plants in nearby countries like the Philippines or Japan, and importing the electricity back home to feed the needs of its manufacturers. 

“We believe the green power that we import back will be cheaper than the renewable energy that we develop in Taiwan ourselves,” Minister of Economics Affairs JW Kuo told reporters on Tuesday, adding that the power could be brought back via submarine cables.

Taiwan considers importing clean energy from nearby countries

NEW YORK (Oct 15): Citigroup has struggled to adequately train employees in risk, compliance and data roles, according to the bank's own assessment, shedding light on why it is taking it years to fix regulatory issues even as billions are spent on an overhaul.

Citi’s analysis, a po...

A key to Citi's regulatory woes: staff need skills 'enhancement'

European shares and US futures were little changed on Tuesday after Wall Street scaled record highs overnight, while oil prices dropped on a report that Israel will refrain from striking Iranian energy targets.

European stocks steady after Wall Street record, oil prices slump 

PENANG-based integrated gaming solutions specialist RGB International Bhd (KL:RGB) is poised for a record profit this year, driven by its strategic expansions in the Philippines and Cambodia.

Despite absorbing significant impairments totalling RM37.1 million, RGB saw its net profit incr...

RGB on track for record year with game-changing bet

The European Union unveiled its negotiating stance for the COP29 climate talks next month, while leaving unanswered the key question of how it will boost funding for poorer countries in their fight against global warming.

EU adopts COP29 climate stance, leaving money question unanswered

India's aviation sector will need to pump in more than US$170 billion (RM733.2 billion) through 2030 to finance record aircraft orders and boost airport capacity amid an ongoing traffic boom, S&P Global Ratings said in a report.

India needs to spend over US$170b to fund aviation expansion through 2030 — S&P Global Ratings

SELANGOR Properties Sdn Bhd’s (SPB) prime Jalan Semantan land has been sold to BRDB Developments Sdn Bhd (BRDB), according to an industry source.

The long-vacant 16-storey Wisma Damansara, which was built in 1970, sits on part of that land situated in Damansara Heights, Kuala Lumpur.</p...

BRDB buys Selangor Properties’ prime Jalan Semantan land

Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.

Typhoon-hit Southeast Asian countries to see rainier end to 2024

Malaysia’s consumer and construction stocks are set to benefit, as the government&nbsp;seeks&nbsp;to boost wages and sustain economic growth with its spending plan for next year.&nbsp;

Prime Minister Datuk Seri Anwar Ibrahim, who doubles as the finance minister, will likely deliver measures to lower the cost of living and several infrastructure projects when he unveils the country’s budget on Friday. Analysts also expect details of plans to&nbsp;remove blanket fuel subsidies&nbsp;and potentially new levies, including a&nbsp;sugar-sweetened beverage tax, to fund an expansionary budget after the prime minister ruled out any near-term&nbsp;re-implementation&nbsp;of the goods and services tax.

A trader’s guide to navigating Budget 2025

Shares of Northeast Group Bhd (KL:NE) rose 6% on Tuesday in their trading debut on the ACE Market, after the precision component manufacturer’s initial public offering (IPO) raised RM84.49 million.

Northeast Group opened at 53 sen with an opening volume of 22.71 million shares, compared with&nbsp;its IPO price of 50 sen apiece. The stock eased to a low of 50.5 sen before climbing to as high as 54.5 sen. At 9.25am, the stock was trading at 54 sen, valuing the company close to RM400 million.

Northeast Group rises 6% in ACE Market debut after RM84m IPO

The parliamentary sitting on Tuesday&nbsp;was adjourned&nbsp;to&nbsp;10.30am, as some members of Parliament were caught in floods following heavy rain while on their way to the Parliament building.

Dewan Rakyat sitting delayed as MPs trapped in flood

Capital A Bhd (KL:CAPITALA) said on Tuesday it is confident that the company holding low-cost carrier AirAsia will be able to exit its Practice Note 17 (PN17) status by the end of 2024, earlier than previously expected.

Capital A could exit PN17 status by December, earlier than expected, says CEO

KUALA LUMPUR (Oct 15): Malaysia will likely raise spending in the federal budget for 2025, drawing comfort from robust economic growth that will help the government avoid stretching its finances further.

Budget 2025 to top RM400b for first time as robust growth provides leeway to splurge — survey

The US$681 million Mareva injunction imposed on former prime minister Datuk Seri Najib Razak by the High Court (Commercial Division) — before the trial for 1Malaysia Development Bhd (1MDB) and its subsidiaries'&nbsp;US$8 billion suit&nbsp;—&nbsp;continues to stand.

US$681m asset-freezing order upheld as Najib withdraws appeal

Several areas in the capital were inundated on Tuesday morning due to heavy rainfall, with the reading taken at the city centre showing over 114 millimetres (mm) per hour, almost double the normal reading of&nbsp;60mm per hour.

KL areas inundated due to heavy rainfall — DBKL

China is considering allowing local authorities to issue as much as six trillion yuan (US$853 billion or RM3.64 trillion) in bonds through 2027, mainly to refinance their off-balance-sheet debt, people familiar with the matter said, a key part of the government’s plan to shore up the world’s second-largest economy.

China weighing US$853b debt swap to rescue local govts — Bloomberg

Biden administration officials have discussed capping sales of advanced artificial intelligence (AI)&nbsp;chips from Nvidia Corp&nbsp;and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ AI capabilities.

US could cap exports of AI chips from Nvidia and AMD to some countries — Bloomberg

Shares of Critical Holdings Bhd (KL:CHB) rose to their highest in nearly four months on Tuesday, after the engineering company secured a RM63 million mechanical-and-electrical services contract.

Critical Holdings shares climb to four-month high after contract win

KUALA LUMPUR (Oct 13): Prime Minister Datuk Seri Anwar Ibrahim has denied allegations of interfering in graft investigations involving his former political aide Farhash Wafa Salvador, as reported by Bloomberg.

Anwar denies interfering in graft probe involving former political aide

Malaysia will continue to explore for oil and gas within its waters in the disputed South China Sea despite protests from China, Prime Minister Datuk Seri Anwar Ibrahim reiterated on Tuesday.

Anwar told the lower house of Parliament that exploration activities by national oil and gas company Petroliam Nasional Bhd, or Petronas, will continue, including at the massive Kasawari gas field offshore Sarawak.&nbsp;

Malaysia to continue South China Sea oil exploration despite China’s protests — Anwar

Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on Nov 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the global energy-trading hub.

Singapore seeks to jail O K Lim for 20 years for cheating HSBC

European shares and US futures were little changed on Tuesday after Wall Street scaled record highs overnight, while oil prices dropped on a report that Israel will refrain from striking Iranian energy targets.

(Oct 15):&nbsp;Tesla Inc&nbsp;used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to people familiar with the matter.

Tesla Optimus bots were remotely operated at Cybercab event

Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its&nbsp;record numbers&nbsp;recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.

Global EV sales up 30.5% in September as China shines, Europe recuperates

WITH the tabling of Budget 2025 just around the corner, all eyes are on the government’s expected implementation of the global minimum tax (GMT) on Jan 1, 2025, and what this will mean for Malaysia’s ability to maintain its competitive edge as an investment destination.

On that day, the...

The State of the Nation: Budget 2025: Eyes on implementation of global minimum tax

KUALA LUMPUR (Oct 15): The High Court here has set aside a third-party notice brought by Umno in the RM16 million civil suit against them by SRC International and its two subsidiaries.&nbsp;