<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 20): Ibraco Bhd extended gains today, rising to a two-year high of RM2.32 and was among the top gainers on the exchange at mid-morning on news shareholders approved the property developer's rights issue of 50.65 million new shares last Thursday (July 16).</p></div>

<div class=newsTextDataWrapInner><p>At 10.10am, the counter rose 9 sen or 4.07% to RM2.30 sen per share, with some 600 shares done. Its market capitalisation was RM279.86 million.</p></div>

<div class=newsTextDataWrapInner><p>Ibraco earlier gained as much as 11 sen or 4.98% to reach a high of RM2.32.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Thursday, Ibraco (fundamental: 1.9, valuation: 2.4) said in a filing to Bursa that it had obtained the approval at the company's extraordinary general meeting in Kuching, Sarawak.</p></div>

<div class=newsTextDataWrapInner><p>Ibraco's rights issue is on the basis of two rights shares for every five existing units held in the company.</p></div>

<div class=newsTextDataWrapInner><p>The ex-date for the exercise is this Wednesday (July 22).</p></div>


KUALA LUMPUR (July 20): Ibraco Bhd extended gains today, rising to a two-year high of RM2.32 and was among the top gainers on the exchange at mid-morning on news shareholders approved the property developer's rights issue of 50.65 million new shares last Thursday (July 16).

At 10.10am, ...

Ibraco shares rise to 2-year high on rights issue

KUALA LUMPUR (Nov 15): Malaysia’ current account surplus narrowed to RM2.2 billion (US$491 million) in the third quarter of 2024, from RM3 billion in the April-to-June period (2Q2024), Bank Negara Malaysia and government data showed on Friday.

Malaysia’s current account surplus narrows to RM2.2b in 3Q2024 — BNM, govt data

China's new home prices fell the most year-on-year in October since 2015, but a narrowing monthly rate of declines suggested the property sector was beginning to stabilise with a barrage of support from the government.

China's home prices fall fastest in nine years, but officials see signs of stabilisation

JAKARTA (Nov 15): Indonesia reported stronger-than-expected export and import growth in October 2024, amid strong agriculture shipments, official data showed on Friday.

Indonesia’s October exports, imports beat forecasts, trade surplus less than expected

China's yuan slipped against the dollar on Friday and looked set for the seventh straight weekly drop, the longest such losing streak since 2021, reflecting market worries of fewer Federal Reserve rate cuts and more US tariffs on Chinese goods.

China's yuan on course for seventh weekly drop, longest losing streak since 2021

Property-developer Beverly Group Sdn Bhd, Parktech Solutions Sdn Bhd and Samjung Tech Co Ltd have teamed up to introduce an Automated Car Parking System (ACPS) at the Milla Residence serviced apartments in Wangsa Maju, Kuala Lumpur.

Beverly Group to install automated car parking system at Milla Residence in Wangsa Maju

KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.

Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.

MR DIY shares fall to three-month low as quarterly results miss expectations

Trinity Group Sdn Bhd officially launched its latest condominium development named Trinity Sensoria in Beverly Heights, Ampang on Thursday. The project is a joint venture with Singapore-based property developer Oxley Holdings Ltd.

Trinity Group, Singapore-based Oxley Holdings officially launch Trinity Sensoria condo in Ampang

KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.

Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger US dollar amid expectations of fewer Federal Reserve rate cuts.

Gold faces worst week in more than three years on bets of slower US Fed easing

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off from its monitoring list

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


Bumi Armada, MISC, Berjaya Food, Mr DIY, Prolintas, Lysaght, Keyfield, Teo Seng, YTL Power, Ranhill Utilities, Seal and LBS Bina

<p>While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.</p>


Zafrul flags longer term pain from US-China rift

<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>The US dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.</p>


Dollar sits atop one-year peak as Powell sends yields up, China data mixed

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


<p>&nbsp;Nissan Motor Co will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.</p>


Nissan faces record debt bill with one year left to fix finances

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.</p>


Vietnam leader warns trade wars lead to poverty in dig at Trump

<p>Stocks fell after Jerome Powell signalled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.</p>


Stocks get hit as Powell’s remarks curb US Fed wagers

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


<p>US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.</p>


Fed refuses to back Basel climate plan, leaving talks in limbo

<p>LIMA,&nbsp;Peru (Nov 15): Malaysian Prime Minister&nbsp;Datuk Seri Anwar Ibrahim held a discussion with technology giant Google&nbsp;in the capital of Peru&nbsp;on Thursday (Nov 14), focusing on&nbsp;data centres and artificial intelligence (AI).</p>


Anwar meets Google rep, discusses boosting AI and data centre ecosystem

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>President-elect Donald Trump's transition team is planning to kill the US$7,500 (RM33,666) consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told <i>Reuters</i>.</p>


Trump's transition team aims to kill Biden EV tax credit

<p>Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a US$1.3 billion (RM5.8 billion) investment by Beijing as it seeks to expand trade and influence on the continent.</p>
