<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 4): Jasmine Loo Ai Swan is set to be charged in absentia in court today for allegedly laundering a total of US$5.99 million.</p></div>

<div class=newsTextDataWrapInner><p>It is understood that the prosecutors will ask court to issue &nbsp;warrant of arrest against Loo.</p></div>

<div class=newsTextDataWrapInner><p>Loo has been accused of laundering US$5 million and US999,975 being proceeds of unlawful activity received into the account of River Dee International SA (BVI) in Falcon Private Bank AG in Zurich.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Loo has been accused of committing an offence under paragraph 4(1)(a) of the Anti-Money Laundering and Anti-Terrorism Financing Act 2001 [ Act 613 ], punishable under subsection 4(1) of the same Act.</p></div>

<div class=newsTextDataWrapInner><p>She faces a fine not exceeding five million ringgit or imprisonment not exceeding five years; or both.</p></div>


KUALA LUMPUR (Dec 4): Jasmine Loo Ai Swan is set to be charged in absentia in court today for allegedly laundering a total of US$5.99 million.

It is understood that the prosecutors will ask court to issue  warrant of arrest against Loo.

Loo has been accused of laundering ...

Jasmine Loo to be charged for laundering US$5.99 million

SYDNEY (Nov 27): Shares of Chinese courier group SF Holding opened flat on Wednesday in the company's trading debut, after it raised US$749.3 million (RM3.33 billion) in a Hong Kong listing.

China courier group SF Holding's shares open flat in Hong Kong trading debut

LONDON (Nov 26): Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue.

Bondholders have until Dec. 12 to vote in support of the proposal, which would see them ...

Sri Lanka launches long-awaited bond swap in key step to emerge from default

CCK Consolidated Holdings Bhd (KL:CCK) may deliver stronger earnings ahead, analysts said as they upgraded their recommendations while investors cheered the poultry firm’s third-quarter results.

CCK to see stronger earnings ahead as analysts upgrade ratings, investors cheer 3Q results

(Nov 26): Ratings agency Moody's said on Tuesday that it had cut the outlook on the ratings of seven Adani entities to 'negative' from 'stable,' citing the U.S. indictment of Chairman Gautam Adani and others on alleged bribery charges, which could likely weaken the group's access to funding and i...

Moody's cuts outlook on seven Adani entities to 'negative'

The High Court has granted former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

Charges dropped for Najib, Irwan in IPIC trial — DNAA granted

(Nov 27): Chicago Mayor Brandon Johnson has five weeks to pass a budget that fills the city’s nearly $1 billion deficit. Time is short, and so is the money.

The progressive first-term Democrat, whose policies are drawing opposition from the business community, is currently in a cha...

Chicago Mayor struggles to find revenue for debt-ridden city

China’s industrial firms saw profits decline for the third straight month, as worsening producer price deflation and sluggish factory output overshadowed the impact of recent stimulus measures.

China’s industrial profits extend fall on deflation woes

SEOUL (Nov 27): Samsung Electronics on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix and Taiwan's TSMC in the booming artififial intelligence (AI) chip market.

Samsung Electronics replaces chip business heads, CFO in sweeping reshuffle

Thai Airways International Pcl expects to raise as much as 44 billion baht (US$1.27 billion or RM5.65 billion) from a share rights offering, the carrier’s final major step to exit a court-supervised debt restructuring and allow the resumption of the trading of its stock.

Thai Airways plans US$1.27 bil rights offering to exit debt plan

Western financial policies have been squeezing economies worldwide. After being urged to borrow commercial finance heavily, developing countries are now struggling to deal with contractionary Western monetary policies.

MySay: Western finance ruining economies of the rest

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


IJM, Maybank, Sunway, IOI Corp, YTL, YTL Power, KLK, Batu Kawan, MAHB, TM, Greatech, Leong Hup, Pharmaniaga, Tan Chong, Matrix Concepts, E&O

<p>Analysts have raised their earnings forecasts, with at least one upgrading its call on the country's largest lender by assets, Malayan Banking Bhd (KL: Maybank), after its third-quarter results met expectations.</p>


Analysts raise forecasts, recommend buying Maybank on price weakness after 3Q results

<p>The High Court has granted former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).</p>


<p>Vietnamese prosecutors have told property tycoon Truong My Lan she must repay an estimated US$11 billion (RM49 billion) if she wants to avoid execution by lethal injection.</p>


Vietnamese mogul told to refund missing billions to save her life

<p>Retail investors are cashing out from China’s exchange-traded funds, risking further market volatility if Beijing fails to boost sentiment, according to analysts.&nbsp;</p>

<p>ETFs have seen net outflows since late October, according to an&nbsp;analysis&nbsp;by Haitong Securities.</p>


China’s stock rally faces risk as retail enthusiasm seen cooling

<p>Even as birth rates fell further in South Korea and Singapore, where less than one baby is born to every woman of reproductive age, Malaysia’s total fertility rate (TFR) surprisingly inched higher to 1.7 in 2023 from a record low of 1.6 in 2022.</p>


Demographic squeeze : Declining birth rates and the rising burden of eldercare

<p>Electronic reload and bill payment services provider RichTech Digital Bhd has inked an underwriting agreement with KAF Investment Bank in conjunction with its planned initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.</p>


ACE Market-bound RichTech inks underwriting agreement with KAF Investment Bank

<p>Stocks closed at all-time highs as investors looked past Donald Trump’s tariff plan, with geopolitical risks abating after Israel and Hezbollah reached a cease-fire agreement.</p>


US stocks hit record high on Israel cease-fire deal

<p>Japanese chip distributor Macnica Holdings Inc is seeking possible acquisition targets in other parts of Asia, a sign of industry pressures to consolidate.</p>

<p>Macnica, which sells chips made by the likes of Intel Corp’s Altera, is eyeing an overseas acquisition to better hold its own against bigger competitors.</p>


Japan’s top chip distributor eyes acquisitions in China, India

<p>Asian stocks were heavy on Wednesday as investors fretted over what countries could be targeted for tariffs under incoming US President Donald Trump, a day after he pledged new levies on Canada, Mexico and China.</p>


Asian stocks weak amid Trump tariff worries; yen firm

<p>Shares of BP Plastics Holding Bhd (KL:BPPLAS) slipped on Wednesday to their lowest in more than nine months after the stretch films manufacturer reported weaker-than-expected third-quarter results.</p>


BP Plastics shares slip to nine-month low as 3Q results disappoint

<p>Loss-making timber firm Maxland Bhd (KL:MAXLAND), formerly known as Priceworth International Bhd, is issuing new shares representing 20% of its current share base to two companies, including the private vehicle of its non-executive chairman Datuk Abd Aziz Sheikh Fadzir, to raise funds for its new ventures into bus assembly and the development of district cooling systems for industrial buildings.</p>


Maxland secures RM14.6m via share placement for bus assembly, cooling system ventures

<p>The dollar advanced after President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, upending recent macro bets on more measured economic plans from the next US administration.</p>


Dollar buoyed as currency traders heed Trump’s tariff threats

<p>Federal Reserve (Fed) officials appeared divided at their meeting earlier this month over how much farther they may need to cut interest rates, but as a group agreed to avoid giving much guidance from here on about how US monetary policy is likely to evolve.</p>


Fed cites volatility, uncertainty as reasons to go slow on rate cuts

<p>President-elect Donald Trump vowed additional tariffs on Mexico, Canada and China, shaking markets with his first specific threats to the US’s top trading partners since his election win three weeks ago.</p>


Trump’s tariff threat to top trading partners roils markets

<p>KUALA LUMPUR (Nov 27): The government’s efforts to encourage local industry players to boost efforts to produce electric cars will be among topics discussed at Wednesday’s Dewan Rakyat sitting.</p>


EV production efforts, GISB issue among focus of Wednesday’s Dewan Rakyat sitting

<p>Sanrio Co shares tumbled the most since May 2014 after the brand owner of Hello Kitty said holders including its president will sell shares in the open market.</p>


Hello Kitty stock sinks most since 2014 on share sale plan

<p>It looked like cocoa supplies were improving earlier this season after the worst deficit ever, giving chocolatiers paying through the nose for beans an incentive to sit out and wait for lower prices. That respite proved short-lived.</p>


Chocolatiers burned by cocoa rally still need to rebuild hedges

<p>WASHINGTON/BEIRUT/JERUSALEM (Nov 27): A ceasefire between Israel and Iran-backed group Hezbollah took effect at 0200 GMT on Wednesday, after U.S. President Joe Biden said both sides accepted an agreement brokered by the United States and France.</p>

<p>The accord clears the way for an end to a...

Israel-Hezbollah ceasefire takes effect

<p>WASHINGTON (Nov 26): President-elect Donald Trump on Tuesday chose trade lawyer Jamieson Greer as his new US&nbsp;trade representative, elevating a key veteran of his first-term trade war against China, to execute a sweeping tariff agenda that promises to upend global trade.</p>
