<div class=newsTextDataWrapInner>SINGAPORE (Feb 10): NASDAQ-listed Grab Holdings will be included in MSCI Singapore Index in a quarterly review, according to the equity index compiler on Feb 9.</div>

<div class=newsTextDataWrapInner>The Singapore-headquartered ride hailer will be added to the index as at the close of Feb 28, along with 20 other securities from around the globe.</div>

<div class=newsTextDataWrapInner>In a Jan 18 report by Citi Research, analyst Arthur Pineda wrote that Grab’s recent listing had placed the company “in good footing” to be included in<a href="https://www.theedgesingapore.com/news/tech/grab-holdings-be-included-msci-flagship-global-index" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Feb 10): NASDAQ-listed Grab Holdings will be included in MSCI Singapore Index in a quarterly review, according to the equity index compiler on Feb 9.

Grab Holdings to be included in MSCI flagship global index

The world is on the brink of a new age of electricity with fossil fuel demand set to peak by the end of the decade, meaning surplus oil and gas supplies could drive investment into green energy, the International Energy Agency said on Wednesday.

'Age of electricity' to follow looming fossil fuel peak, IEA says

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM38.8 million at the hyperscale data centre being developed in Elmina Business Park in Sungai Buloh.

LFE Corp secures subcontract from Gamuda for Elmina Business Park data centre project

The eldest brother of the man who attacked the Ulu Tiram police station in Johor, resulting in the deaths of two policemen and another injured, pleaded not guilty on Wednesday in the High Court here to two charges, supporting Daesh and possessing materials related to the terrorist group.

Ulu Tiram police station attacker's brother denies supporting Daesh

Kawan Food Bhd (KL:KAWAN) announced on Wednesday the redesignation of its independent non-executive director Lim Hun Soon @ David Lim, as its non-independent and non-executive chairman, effective immediately.

Kawan Food redesignates Lim Hun Soon as chairman

(Oct 16): Archegos Capital Management founder Bill Hwang’s sentencing on fraud charges was postponed from the end of the month to Nov 20 this year.

Bill Hwang’s sentencing in Archegos case postponed to November

KUALA LUMPUR (Oct 16): Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR), which in April clinched a deal to build apartments under the first phase of WCT Holdings Bhd's (KL:WCT) AdisonWest development in Johor Bahru, has now been awarded the contract for the second phase.

The s...

Fajarbaru Builder secures second contract for JB apartment project

The prospective nature of the proposed constitutional amendment to address automatic citizenship for children born overseas to Malaysian mothers is in line with “best practices” globally, according to Home Minister Datuk Seri Saifuddin Nasution Ismail.

Saifuddin defends prospective nature of proposed citizenship amendment

The Malaysian Aviation Commission (Mavcom) is set to meet its revised passenger traffic forecast for 2024 of 95.4 million to 97.6 million passengers for the full year 2024 on account of a rebound in international air travel.

Mavcom on track to meet revised 2024 passenger traffic forecast as international travel booms

KUALA LUMPUR (Oct 16): Efforts to amend the Federal Constitution concerning citizenship underscores the Madani government’s genuine political commitment to implementing reforms, fulfilling manifesto promises, rectifying past mistakes, and eliminating long-standing inequities faced by mothers and their children.

Hannah: Amendment on citizenship proof of Madani government’s commitment to reform

A total of 6,617 battery-powered electric vehicles (BEVs) were sold in the first half of 2024 (1H2024), marking a significant 112% year-on-year surge in the electric vehicle (EV) market, said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: BEV sales surged 112% in 1H2024 

A legal complaint by Genting Malaysia Bhd’s (KL:GENM) joint-venture partner filed in Florida could affect its bid for a casino licence in New York, CGS International warned in a note.

Genting's New York casino bid could be affected by complaint in Florida, CGS warns

Shares of Malayan Flour Mills Bhd (KL:MFLOUR) fell to their lowest in more than five months on Wednesday, following an announcement that the company would not be getting a second earnout payment from a stake sale.

Malayan Flour Mills falls to five-month low after announcing no second earnout from stake sale

KUALA LUMPUR (Oct 16): Despite strong gains this year, construction stocks are “not yet ripe for profit-taking” as continuous project flow is expected through 1H2025, on the back of infrastructure and industrial developments, said RHB Investment Bank Research (RHB IB).

Construction stocks ‘not yet ripe for profit-taking’, steady project flow to continue through 1H2025 — RHB IB

LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion.

LBS Bina unveils RM9.5 bil GDV Rimbawan township in Genting Highlands; Budget 2025 wishlist

Global stocks fell on Wednesday after gloomy results from European heavyweights LVMH and tech company ASML dented sentiment, while the dollar gained as investors banked on a more moderate decline in US interest rates.

Stocks slide in reality check from big cap earnings; dollar firm

RHB Bank Bhd (KL:RHBBANK) could see stronger results in the upcoming quarter, as margins widen amid strong loan growth, said Hong Leong Investment Bank in raising its profit forecasts.

The net interest margin — the difference between interests charged on loans and returns paid to depositors — may continue to “hold up well”, the research house said in a note. Loan growth is still robust at the guided 6.5%-7.0% for 2024 despite recent currency swings, it added.

RHB Bank could see stronger results in coming quarter, says Hong Leong in raising estimates

A syndicate involved in bringing in foreigners&nbsp;using a 'counter-setting' method, allegedly orchestrated by enforcement agency personnel at the country's air entry points, is among the topics to be discussed in the Dewan Rakyat&nbsp;on Wednesday.

Syndicate bringing in foreigners among issues in Parliament for the day

(Oct 16): Banks and asset managers are continuing to channel tens of billions of dollars into companies whose operations directly threaten the future of tropical rainforests, including the Amazon, according to a new study.

Global banks, funds including PNB, EPF keep ploughing billions into clients threatening rainforests — study

Former prime minister Tun Dr Mahathir Mohamad has been hospitalised at the National Heart Institute (IJN), resulting in the postponement of&nbsp;his defamation suit against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Lawyer Mior Nor Haidir Suhaimi, representing Mahathir, informed the court on Wednesday that the two-time PM was rushed to the IJN on Tuesday&nbsp;evening due to a lung infection.&nbsp;

Tun M hospitalised, suit against Zahid over ancestry comments postponed

Flights operated under Malaysia Airlines experienced fewer delays in September on a month-on-month basis, but still fell short of the sector target set by the Ministry of Transport (MOT) and Malaysian Aviation Commission (Mavcom) earlier this year.&nbsp;

Malaysia Airlines improved on-time performance in September, but missed sector target — Loke

Crescendo Corporation Bhd (KL:CRESNDO) said on Wednesday that it is buying SGR Land Development Sdn Bhd and taking on its six land purchase obligations in Johor for RM168.85 million.

Crescendo to buy SGR Land, assume Johor land purchase agreements in RM169m deal

KUALA LUMPUR (Oct 16): The government is in the process of finalising the procurement of an advanced passenger screening system (APSS), as part of its efforts to combat syndicates that allegedly bring in foreign workers illegally.

Govt to procure screening system to tackle syndicates smuggling in foreign workers — home minister

LVMH shares plunged after sales of fashion and leather goods fell for the first time since the Covid-19 pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.&nbsp;

Organic revenue at the key unit whose brands include Louis Vuitton and Christian Dior declined 5% in the third quarter. That was the worst performance since the second quarter of 2020, when the world went into lockdown.&nbsp;

LVMH plunges as China's luxury spending slowdown worsens

KUALA LUMPUR (Oct 16): AirAsia X Bhd’s (KL:AAX) shareholders and proxies have voted 99.08% in favour of the proposed RM6.8 billion acquisition of AirAsia’s aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — from its sister company Capital A Bhd (KL:CAPITALA).

AAX shareholders approve RM6.8b aviation assets buy from Capital A

In response to market speculation about inheritance tax reintroduction in Budget 2025, the Real Estate and Housing Developers’ Association (Rehda) Malaysia said the approach would hinder Malaysians from purchasing homes as an investment tool.

Inheritance tax will discourage Malaysians from investing in homes, says Rehda Malaysia

Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout in the sector.

Global chip stocks shed US$420b after ASML warning

Three of Southeast Asia’s biggest economies will unveil monetary policy decisions from 3pm Malaysian time on Wednesday, influenced by everything from politics, inflation and currency volatility to geopolitical risks.

Southeast Asia’s central banks face duelling rate calls

KUALA LUMPUR (Oct 16): The Malaysia External Trade Development Corporation (Matrade) has appointed Nooryana Najwa Najib, daughter of former prime minister Datuk Seri Najib Razak, as its new member of the board of directors (BOD). &nbsp;

Matrade appoints Najib’s daughter Nooryana Najwa as director

KUALA LUMPUR (Oct 16): With Chief Judge of Sabah and Sarawak (CJSS) Tan Sri Abdul Rahman Sebli reaching the age of 66 in three months’ time, there is a possibility of two top judicial posts in the country being left vacant and yet to be filled by early next year.

Risk of two vacancies in top judiciary by early next year

Thailand’s central bank cut its benchmark interest rate for the first time in more than four years, a surprise move given it has long resisted the government’s calls to ease monetary policy.&nbsp;

The Bank of Thailand (BOT) voted 5-2 to cut the one-day repurchase rate by a quarter of a percentage point to 2.25% at Wednesday’s meeting, as predicted by only five out of the 28 economists surveyed by Bloomberg. The last time it cut rates was in May 2020.&nbsp;