<div class=newsTextDataWrapInner>SINGAPORE (June 26): For more than three years in the run-up to the penny stock crash back in October 2013, a group of brokers had actively executed trading orders supposedly instructed by John Soh Chee Wen and Quah Su-Ling.</div>

<div class=newsTextDataWrapInner>In the end, several of them were bankrupted by the share manipulation operations allegedly orchestrated by Soh and Quah.</div>

<div class=newsTextDataWrapInner>To read the full story, click <a href="https://www.theedgesingapore.com/news/2013-penny-stock-crash/john-sohs-generals-told-defend-bal-shares-%E2%80%93-only-end-bankrupts" target="_blank">here</a>.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

For more than three years in the run-up to the penny stock crash back in October 2013, a group of brokers had actively executed trading orders supposedly instructed by John Soh Chee Wen and Quah Su-Ling.

John Soh's 'generals' told to 'defend' BAL shares – only to end up as bankrupts

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.

Malaysia’s trade chief flags longer term pain from US-China rift

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.

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

Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.

Japanese, Australian and Hong Kong equity futures all rose. Contracts for Tokyo benchmarks were supported by further weakness in the yen as an index of greenback strength advanced for a fifth day on Thursday.

Dollar rises with December Fed cut now in doubt

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.

The automaker and its group firms have about $1.6 billion of debt due next year, a slight decrease from 2024, but that figure will jump to around $5.6 billion in 2026, the most in Bloomberg-compiled data going back to 1996.

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

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

The equity market closed near session lows, US two-year yields spiked and the dollar climbed after Powell’s remarks

Stocks get hit as Powell’s remarks curb Fed wagers

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

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

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.

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

Ford Motor Co agreed to a US$165 million (RM733.5 million) civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second largest fine ever levied by the National Highway Traffic Safety Administration (NHTSA).

Ford hit with near-record US$165 mil penalty on recall failure

Small and medium enterprises (SMEs) play a crucial role in driving economic growth within the Asia-Pacific Economic Cooperation (Apec) region, particularly when it comes to fostering inclusive development, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

SMEs play crucial role in driving growth in Apec economies, fostering inclusivity — Tengku Zafrul

The government will draft the Government Procurement Bill (GP Bill) in taking specific steps to increase transparency in the government procurement process, according to the Ministry of Finance.

Govt procurement draft bill to be tabled in Parliament next year

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

Cash-rich Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high.

This brings the total dividend declared to 43 sen per share in the current financial year ending Dec 31, 2024 (FY2024) so far — the highest since FY2018 when it paid out 50 sen dividend per share.

Lysaght pays special dividend of 35 sen as earnings rise to eight-year high

Prolintas Infra Business Trust (KL:PLINTAS), which owns highways, nearly tripled its net profit for the third quarter thanks to a jump in toll collection and tax credit.

Prolintas Infra's 3Q net profit nearly triples as toll collection jumps, on track to meet distribution target

ACE Market-listed Farm Price Holdings Bhd (KL:FPHB), a Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&amp;B) products, is expanding its distribution reach to Sabah.

Farm Price ventures into Sabah's fruit business via stake purchase in KK firm

Petroliam Nasional Bhd (Petronas) has made new investments totalling RM7.5 billion at the Pengerang Integrated Complex (PIC) near Kota Tinggi.

Petronas invests another RM7.5b in Pengerang Integrated Complex — Onn Hafiz

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labour market continued to chug along and that the abrupt slowdown in job growth in October was an aberration.

US weekly jobless claims fall; unemployment rolls shrink

Engineering outfit Pestech International Bhd (KL:PESTECH) said Shandong Power Equipment Co Ltd (Speco) has initiated arbitration proceedings against its wholly owned PESTECH Sdn Bhd (PSB) over what Speco claimed were unpaid dues related to the supply of transformers.

Pestech hit by arbitration claim over RM7.7m worth of alleged unpaid dues

Bina Puri Holdings Bhd (KL:BPURI) said on Thursday that its associate company KL-Kuala Selangor Expressway Bhd (Latar) has won an arbitration case against Prolintas Expressway Sdn Bhd and was awarded RM46.13 million.

Bina Puri's associate wins RM46 mil in arbitration case against Prolintas 

Property developer Seal Incorporated Bhd (KL:SEAL) is seeking its shareholders' approval at an extraordinary general meeting to be convened to provide corporate guarantee to a RM293 million banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a licensed financial institution based in Malaysia.

Seal Inc seeks shareholder nod to guarantee associate's RM293m loan facility

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.

Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.

Japanese, Australian and Hong Kong equity futures all rose. Contracts for Tokyo benchmarks were supported by further weakness in the yen as an index of greenback strength advanced for a fifth day on Thursday.

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.

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.

LFE Corp bags subcontract works worth RM19 mil

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.

Sunway Real Estate Investment Trust (KL:SUNREIT), which recently completed its acquisition of shopping mall 163 Retail Park in Mont Kiara, announced that its net property income (NPI) increased 5.5% to RM144.3 million for the third quarter ended Sept 30, 2024 (3QFY2024) on back of a 9.3% growth on revenue.

Sunway REIT's NPI up 5.5% in 3QFY2024

JD.com Inc’s quarterly revenue rose 5.1%, a moderate expansion that suggests Chinese consumers are only cautiously spending again as Beijing tries to revitalise the economy.

Sales rose to 260.4 billion yuan (RM160.27 billion) for the three months ended September, barely surpassing the average estimate for 259.7 billion yuan.

JD’s results fail to impress as Chinese economic fears persist

BANGI (Nov 14): Projected changes in the United States' (US) trade policy are not expected to significantly impact the country's palm oil sector following Donald Trump's victory in the recent US presidential election, the Malaysian Palm Oil Board (MPOB) said on Thursday.

MPOB director-g...

MPOB: US trade policy changes to have minimal impact on palm oil sector

The Ministry of Economy is committed to ensuring that phase one of the Kedah Rubber City (KRC) development will be completed within a year, said Economy Minister Rafizi Ramli.

Rafizi: Govt committed to ensuring phase one of Kedah Rubber City development completed within a year

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to participate at the Asia Pacific Economic Cooperation (Apec) CEO’s Summit here on Thursday as part of his engagement at the APEC Economic Leaders Week (AELW).

He will be a panellist in the session entitled 'Opportunities and Challenges in the AI Revolution', along with Microsoft vice-president of Data &amp; AI, Zia Mansoor, Vobile chief executive officer, Yangbin Wang and Google vice-president, Government Affairs &amp; Public Policy, Karan Bhatia.

Anwar to participate in Apec CEO Summit, meet Google vice-president

US producer prices picked up in October, fuelled in part by gains in portfolio management and other categories that feed into the Federal Reserve’s preferred inflation gauge.

The producer price index (PPI) for final demand increased 0.2% from a month earlier after rising a revised 0.1% in September, Bureau of Labor Statistics data showed on Thursday.