<div class=newsTextDataWrapInner>SINGAPORE (Jan 10): Itochu, one of the largest trading companies, will be a strategic investor of OUE Lippo Healthcare through the private placement of S$78.8 million worth of shares.</div>

<div class=newsTextDataWrapInner>Itochu, with a market capital of over US$30 billion, intends to diversify into the growing healthcare market in Asia by taking a strategic stake in OUELH, the healthcare subsidiary of OUE.</div>

<div class=newsTextDataWrapInner>OUELH says proceeds from the placement will be used to strengthen its financial position and put it in good stead to execute its business plans... <a href="https://www.theedgesingapore.com/japans-itochu-acquires-253-stake-oue-lippo-healthcare-79-mil" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Jan 10): Itochu, one of the largest trading companies, will be a strategic investor of OUE Lippo Healthcare through the private placement of S$78.8 million worth of shares.

Itochu, with a market capital of over US$30 billion, intends to diversify into the growing healthcare m...

Japan's Itochu acquires 25.3% stake in OUE Lippo Healthcare for S$79 mil

KUALA LUMPUR (Dec 2): Yinson Holdings Bhd’s (KL:YINSON) 49%-owned joint venture with PetroVietnam Technical Service Corp (PTSC) has executed a provision, charter, operation and maintenance contract with a unit of Murphy Oil Corp, for a floating, storage and offloading (FSO) vessel in Vietnam.

Yinson JV to build new FSO vessel for charter by Murphy Oil unit in Vietnam

The Oxford University has chosen the word of the year by public vote, and it is "brain rot", reported Sputnik, quoting the Oxford University Press in a statement.

'Brain rot' is Oxford's word of the year

Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO), citing a challenging outlook for the company's rigs in the coming year.

Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

Late last week, cash-strapped Practice Note 17 (PN17) counter Sapura Energy Bhd (KL:SAPNRG) announced that both its chairman Datuk Mohammad Azlan Abdullah and group CEO and executive director Datuk Mohd Anuar Taib were resigning due to “other personal commitments” and “personal endeavours” respec...

Frankly Speaking: Uncertain times again for Sapura Energy

RHB Banking Group has launched its flood relief assistance programme, offering immediate financial relief and long-term recovery support to individuals, micro, small and medium enterprises (MSMEs), available from now until Jan 31, 2025.

RHB launches flood relief assistance for affected customers

KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.

Are pensioners of ‘lower status’ than judges, ask army vets and other pensioners who want the PM to look into their plight too

The Ministry of Transport (MOT) is studying a proposal from the Perak government to build a cargo warehousing complex at the Sultan Azlan Shah Airport (LTSAS) in Ipoh.

MOT studying proposal for cargo facility at Ipoh's Sultan Azlan Shah Airport, says Loke

IJM Land Bhd’s Savvy serviced apartment development under the larger 16-acre (6.47-hectare) Riana Dutamas master plan in Segambut, Kuala Lumpur, has achieved a Qlassic score of 85%, according to a press statement on Monday.

IJM Land’s Savvy serviced apartment at Riana Dutamas in Segambut achieves 85% Qlassic score

(Dec 2): Finance Minister Antoine Armand said France won’t accept artificial budget deadlines from Marine Le Pen even as the far-right leader gave her strongest indication yet that she’s prepared to topple the government as soon as this week.

Le Pen’s National Rally has threatened ...

France won’t be blackmailed on budget, finance minister says

Assalamualaikum, may peace be upon all of you.

This Arabic greeting, adopted by all Muslims, is an essential reminder of the importance of peace for human progress, including shared prosperity. Unfortunately, the end of the Cold War in the early 1990s did not end with lasting peace but instead culminated in what was politely termed “unipolar domination”.

MySay: Responding creatively to the new geoeconomics and geopolitics

Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;

Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.

Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.

SimeProp inks data-centre lease agreement worth up to RM5.6b

Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.

Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;

CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.

Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.

LBS surges in early trade after disposal gain boosts earnings and special dividends

Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

1MDB-Tanore: Najib takes stand in his defence

Asian stocks rose for a second day, following gains on Wall Street last Friday. The dollar strengthened after US President-elect Donald Trump told BRICS nations not to&nbsp;create a currency&nbsp;to rival the greenback.

Asian stocks follow US gains; Treasuries drop

The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally

Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

JPMorgan Chase &amp; Co&nbsp;is turning its back on a trend that’s been embraced by many of its Wall Street peers.

JPMorgan rejects transition-finance trend gripping Wall Street

Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market (EM) bonds witnessed under Joe Biden.

Stocks versus bonds dilemma hits EM investors as Trump returns

The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.

Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.

Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.

Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled&nbsp;Adani&nbsp;Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told Reuters on Sunday.

Bangladesh wants to renegotiate Adani power deal unless court cancels

KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.

Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

Macau’s gaming revenue rose 14.9% in November, exceeding analysts’ expectations in a month that’s typically slow due to a lack of holidays.&nbsp;

Macau's gaming revenue up 14.9% in November, above estimates

MILAN/DETROIT (Dec 2): Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.

The company said it would seek to find a replacement CEO in the fi...

Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

WASHINGTON (Dec 1): US&nbsp;President Joe Biden said on Sunday that he had pardoned his son, Hunter Biden, who had been convicted of making false statements on a gun background check and illegally possessing a firearm and pled guilty to federal tax charges.