<div class=newsTextDataWrapInner>SINGAPORE (Feb 13): Keppel Corporation confirmed it has been sued again by EIG Management Company for US$660 million (S$873 million).</div>

<div class=newsTextDataWrapInner>This comes in the wake of Keppel's admission that it had bribed parties in Brazil to win contracts.</div>

<div class=newsTextDataWrapInner>Keppel was first sued back in June 2016 by EIG for allegedly taking part in an “unlawful conspiracy” which led to EIG’s investment of over US$221 million in Sete Brasil Participacoes SA, Keppel’s customer which<a href="https://www.theedgesingapore.com/keppel-confirms-lawsuit-eig" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Feb 13): Keppel Corporation confirmed it has been sued again by EIG Management Company for US$660 million (S$873 million).

This comes in the wake of Keppel's admission that it had bribed parties in Brazil to win contracts.

Keppel was first sued back in June 2016 by ...

Keppel confirms lawsuit by EIG

MALAYSIA’s property market saw a significant boost in activity in 2024, with more transactions and notable deals concluded compared with the previous year. The value of property transactions in the first half of 2024 (1H2024) was the highest in five years at RM105.65 billion, up 23.8% from RM85.3...

Best Property Deals: Sale of Bandar Malaysia, malls and data centres top list 

Green Packet Bhd (KL:GPACKET), which offers digital solutions ranging from payment gateways and e-wallets to social selling solutions, obtained a digital moneylending licence last week.

Frankly Speaking: Controls needed for moneylending licences

Bursa Malaysia RAM Capital Sdn Bhd (BR Capital), a joint venture between Bursa Malaysia Bhd and RAM Holdings Bhd, allows the man in the street to invest directly in debt paper issued by mid-tier companies with an annual revenue of RM50 million to RM500 million. This initiative opens the door for ...

Peer-To-Peer Financing: New way to access debt market

Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed.

Malaysia's wholesale and retail trade growth slows in November, official data show

PUTRAJAYA (Jan 13): The Ministry of Energy Transition and Water Transformation (Petra) has identified two energy-related priority economic deliverables (PED) as key priorities under Malaysia’s Asean chairmanship in 2025.

Petra identifies two energy-related priority economic deliverables under Asean chairmanship

The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.

Govt wants prohibitive and gag order on addendum

TWO months after Johor Plantations Group Bhd’s (KL:JPG) debut on the Main Market of Bursa Malaysia in July, it issued the first sustainability-linked sukuk wakalah by a plantation company, with a total nominal value of RM1.35 billion from its RM3 billion sukuk wakalah programme (a combination of ...

Deals Of 2024: Best Fund Raising (Non-IPO) - Johor Plantations’ RM1.35 bil sustainability-linked sukuk wakalah marks industry milestone

Eco World International Bhd’s (KL:EWINT) private placement in May, a secondary one, may be considered a success on many fronts.

The deal involved 648 million ordinary shares, representing 27% of the issued and paid-up capital of EWI.

As many would know, the block of shares bel...

Deals Of 2024: Best Share Placement - Eco World International’s RM213.8 mil deal leaves everyone a winner

Muzzaffar Othman is an outlier among the top guns in the asset management industry. He was a technology expert, or “tech guy”, before assuming the role of CEO at Amanah Saham Nasional Bhd (ASNB).

He had parked most of his money in savings and current accounts for decades since he starte...

Digitalisation: Man on a mission

BATU PAHAT (Jan 13): The Johor government welcomes international health and medical industry players who wish to invest in the Johor-Singapore Special Economic Zone (JS-SEZ), thus making the sector a key contributor to the state’s economy.

Johor welcomes investors to develop health, medical facilities in JS-SEZ

(Jan 13): Asian stocks were headed for early declines Monday, after strong US jobs data led traders to rethink the path ahead for Federal Reserve interest rate cuts.

Asian stocks under pressure after blowout US jobs data

KUALA LUMPUR (Jan 13): Tun Dr Mahathir Mohamad failed in his judicial review application to challenge the Pulau Batu Puteh Royal Commission of Inquiry’s decision not to allow the presence of his lawyers during the proceedings.

Court dismisses Dr M’s bid to challenge decision to not allow his lawyers to be at Batu Puteh RCI

(Jan 13): The UK is planning special districts for constructing data centres and will explore dedicating nuclear energy to the sites as part of a Labour government project to boost technology growth and the ecosystem for artificial intelligence (AI).

UK will explore nuclear power for new AI data centre plan

The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.

(Jan 13): Oil extended gains to hit a more than four-month high, as a fresh wave of US sanctions against Russia’s energy industry threatened to crimp crude supplies in an already-tightening global market.

Oil hits four-month high after sweeping US sanctions on Russia

Local institutions supported Bursa Malaysia for the 12th consecutive week, with net purchases of RM281.9 million, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 12th straight week

Prospect Medical Holdings Inc, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Private hospital owner Prospect Medical files for bankruptcy

(Jan 13): The South Korean won may extend losses after sliding to the lowest since 2009, as political risks and slowing economic growth reinforce the case for more interest-rate cuts.

Won near key psychological level adds to Korea’s mounting woes

DATA centres (DCs), which have grown in importance in the age of digitalisation, took centre stage in 2024 owing to the massive foreign direct investments (FDI) into the sector and Putrajaya’s recent approval of a total DC capacity of 4gw, making Malaysia a “DC powerhouse” in the region and a pro...

Stories Of The Year: Can Malaysia capitalise on its data centre ambitions?

For years it’s seemed like nothing could stop the stock market’s inexorable march higher, as the S&amp;P 500 Index soared more than 50% from the start of 2023 to the end of 2024, adding US$18 trillion (RM81.16 trillion) in value in the process. Now, however, Wall Street is seeing what can ultimately derail this rally: treasury yields above 5%.

S&P’s US$18 trillion rally threatened by psychology of 5% yields

SINGAPORE (Jan 12): All eight crew members of the sunken Malaysia-registered tanker&nbsp;Silver Sincere,&nbsp;which sank near Pedra Branca,&nbsp;were rescued by the Indonesia-registered freighter&nbsp;Intan Daya 368&nbsp;on Sunday.

Eight crew members rescued after Malaysia-registered tanker sinks near Pedra Branca

City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).

City Motors Group officially opens Alfa Bangsar and Holiday Inn Kuala Lumpur Bangsar

Al-Salam Real Estate Investment Trust (KL:ALSREIT) will see “significant” rental growth from this year onwards thanks to higher occupancy at its most valuable property, BIMB Securities said.

Al-Salam REIT to see significant rental growth in 2025 onwards, BIMB says in starting coverage with 'buy' call

KUALA LUMPUR (Jan 13): Rising production and delays in implementing biodiesel mandates in Indonesia may weaken palm oil prices beyond the first quarter of 2025, even as latest data show a 19-month low stockpile, analysts say.

Rising production, Indonesia’s biodiesel delays likely to weaken CPO prices — analysts

OF the 55 initial public offerings (IPOs) on Bursa Malaysia this year, only 11 were listed on the Main Market. Of these, one stood out as the largest IPO on the local bourse in the last seven years and also the biggest retail IPO in Asean since 2020.

The bragging rights belonged to 99 S...

Deals Of 2024: Best Initial Public Offering | Main Market - 99 Speed Mart becomes FBM KLCI constituent after robust growth in market value

For those unsettled by the relentless rise in government bond yields in the US and across much of the world lately, the message from markets is getting clearer by the day: Get used to it.

Global bond tantrum a wrenching and worrisome start to new year

IN 2024, the performance of Malaysian semiconductor-related stocks was a tale of two halves, reflecting the sector’s exposure to global economic shifts and geopolitical uncertainties.

In the first half, technology stocks generally delivered positive returns, driven by the artificial int...

Stories Of The Year: Bridging ambition and execution of the National Semiconductor Strategy

ABU DHABI (Jan 13): Prime Minister Datuk Seri Anwar Ibrahim, who is on a three-day working visit&nbsp;to the United Arab Emirates (UAE) since Sunday,&nbsp;is scheduled to have an&nbsp;audience with the UAE Vice-President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, who is also Ruler of Dubai.

Anwar to meet UAE PM in Dubai

IT is likely not an overstatement to say that there is much trepidation for many going into 2025. The main reason is because of worries over the policies that the US President-elect Donald Trump will introduce in his second four-year term starting January.

But that is not the only thing...