<div class=newsTextDataWrapInner>SINGAPORE (Jan 30): Koh Wee Meng, chief executive of Fragrance Group, now owns 53.05% of TMC Education at the close of his offer for the education provider.</div>

<div class=newsTextDataWrapInner>At 5.30pm close on Tuesday, JK Global Assets, Koh's investment holding company, owns 88.8 million shares of the 167.4 million TMC Education shares on issue.</div>

<div class=newsTextDataWrapInner>The property tycoon can now proceed to undertake a review of TMC's business and identify areas in which the strategic direction and operations of the group can be enhanced... <a href="https://www.theedgesingapore.com/koh-wee-meng-owns-5305-tmc-education-close-offer" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Jan 30): Koh Wee Meng, chief executive of Fragrance Group, now owns 53.05% of TMC Education at the close of his offer for the education provider.

At 5.30pm close on Tuesday, JK Global Assets, Koh's investment holding company, owns 88.8 million shares of the 167.4 million TMC ...

Koh Wee Meng owns 53.05% of TMC Education at close of offer

KUALA LUMPUR (Dec 17): Avaland Bhd (KL:AVALAND) has collaborated with MBSB Bank to offer an incentive programme to first-time homebuyers of its green-certified projects, according to a press statement on Dec 12.

Avaland partners MBSB Bank to incentivise first-time homebuyers of its green-certified projects

The Federation of Malaysian Manufacturers (FMM) has urged the government to provide details on the multi-tier levy mechanism (MTLM) implementation promptly.

FMM urges govt to release details on multi-tier levy mechanism implementation

The Ipoh City Council (MBI) will announce the new property assessment tax rate for the city on Dec 26.

New assessment rate for Ipoh to be announced on Dec 26 — Mayor

The Center to Combat Corruption and Cronyism (C4 Center) criticised the Attorney General's Chambers' (AGC) withdrawal of its appeal against the acquittal of Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi in the foreign visa system (VLN) corruption case, and reiterated its call on the government to expedite reforms to separate the roles of the AG and public prosecutor, warning that the lack of independence between the two offices is undermining Malaysia’s criminal justice system.

C4 Center criticises AGC's withdrawal of corruption trial appeal, urges separation of AG and prosecutor roles

NEWS: Newly-listed Vanzo shares plans for growth

Indian companies have raised a record-breaking US$16 billion (RM71.28 billion) via share sales to large investors in 2024, with offerings remaining robust despite the typical seasonal lull.

Indian firms raise US$16 bil from large buyers via share sales

KUALA LUMPUR (Dec 17): Tan Sri Mohamad Salim Fateh Din has been reappointed as chairman of the Malaysian Communications and Multimedia Commission (MCMC).

Salim Fateh Din’s appointment as MCMC chairman extended — report

The last time City & Country spoke to Puncakdana Sdn Bhd was two years ago, on the launch of Myara Park in Ara Damansara.

Scheduled for completion in 2025, the low-density, freehold mixed-use Myara Park has a gross development value (GDV) of nearly RM200 million. The 23-sto...

Cover Story: A master-planned project in the works

THE construction of a 1.4km railway spur line linking Perlis Inland Port (PIP) in Chuping Valley Industrial Area, Perlis, to the existing Keretapi Tanah Melayu Bhd (KTMB) double-track rail network seems to have hit a wall, according to people familiar with the matter.

Holding up the pro...

KTMB’s dilemma: Should new projects be allowed to use leftover stocks? 

Eco World Development Group Bhd (KL:ECOWLD) (EcoWorld Malaysia) signed a memorandum of understanding (MOU) with short-term stay management company Maplehome to manage the developer's two upcoming serviced apartment projects, namely Luna at Eco Ardence in Shah Alam and Se.Ruma at Eco Sanctuary in Teluk Panglima Garang. Both developments are planned to be launched in 1Q2025.

EcoWorld Malaysia partners short-term stay operator Maplehome for two upcoming serviced apartment projects in Selangor

Vanzo Holdings Bhd (KL:VANZO) shares staged a strong debut on the ACE Market as it raised close to RM21 million from its initial public offering (IPO).

Shares of the air fragrance maker opened at 17.5 sen, a 2.5 sen or 16.7% premium to its IPO price of 15 sen per share.

Vanzo shares up 17% on strong ACE Market debut

KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.&nbsp;

Miti extends deferral of 80:20 employment ratio rule for manufacturing sector

Former Sabah chief minister Tun Musa Aman has been appointed the 11th Yang Dipertua Negeri of Sabah. The appointment takes effect on Jan 1, 2025.

Musa Aman appointed new Sabah governor

KUALA LUMPUR (Dec 17): The appointment of former Thai prime minister&nbsp;Thaksin Shinawatra as an informal advisor to assist with Malaysia’s Asean chairmanship next year, is viewed&nbsp;as a bridge to strengthen cooperation&nbsp;between the region and global powers.

Thaksin’s appointment as informal advisor seen as bridge for Asean cooperation — minister

KUALA LUMPUR (Dec 17): Fitch Ratings’ latest affirmation on Malaysia’s sovereign credit rating underscores&nbsp;its economic progress, as envisioned under the Madani Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Fitch Rating’s affirmation a recognition of Malaysia’s economic progress

(Dec&nbsp;17) :&nbsp;Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US, as they gird for new levies from the self-proclaimed “tariff man”.

China’s factories seek to Trump-proof business by going global

Crude palm oil (CPO) prices are expected to be firm above RM4,800 per tonne, said the Malaysian Palm Oil Council (MPOC), on the back of price recovery in soybean oil due to growing usage in the US biofuel industry and tightening Malaysian production and inventory.

MPOC sees CPO prices above RM4,800/tonne as soybean prices, low inventory lift

KUALA LUMPUR (Dec 17): Malaysia is strategically poised to benefit from trade dislocations stemming from the Trump administration’s potential trade policies, as the country is seen benefitting from the “China Plus One” strategy, while insulated from the full brunt of US tariffs, said CIMB Securities.

More positives for Malaysia with Trump-led trade dislocations, says CIMB

Air fragrance maker Vanzo Holdings Bhd (KL:VANZO), which made its debut on the ACE Market on Tuesday, said there is still ample room for growth in the domestic market.

Newly listed air fragrance maker Vanzo focuses on home market for growth

China announced on Tuesday a relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travellers to 240 hours, or 10 days, from the original 72-144 hours, as authorities aim to lure more foreign visitors.

China extends visa-free transit stays to 10 days

Proposals related to the definition and classification of the T15 income group are being refined and will be decided by the Cabinet soon, Economy Minister Rafizi Ramli said on Tuesday.

Rafizi: Definition, classification of T15 will be decided soon

(Dec&nbsp;17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.

Canada runs deeper deficits as finance minister resigns

Hartalega Holdings Bhd’s (KL:HARTA) stock has surged past its consensus target price, as CIMB Securities continues to see further upside, as higher prices and volume are seen driving the glovemaker's earnings ahead.

Hartalega surges past target price; CIMB expects rally to have more legs

KUALA LUMPUR (Dec 17): Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook, according to a statement on Monday.

Fitch affirms Malaysia’s long-term issuer rating with stable outlook

(Dec&nbsp;17) :&nbsp;US stocks broadly ended Monday’s session higher, as traders geared up for interest-rate decisions by major central banks across the globe due later this week.&nbsp;

US stocks close higher with Fed rate-cut expected

Malaysia's water asset custodian Pengurusan Aset Air Bhd (PAAB) is set to invest nearly RM1 billion to fund the construction of two water treatment plants in Seberang Perai, Penang, starting in 2025.

Pengurusan Aset Air to invest RM1 bil to fund two water treatment plants in Seberang Perai

Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the US Federal Reserve deliver a rate cut and the Bank of Japan (BOJ) stand pat for now.

Asian shares drift, dollar firms ahead of central bank meetings

Analysts remain bullish on Gamuda Bhd (KL:GAMUDA) after the group's latest Australian job win, increasing its order book to approximately RM31.8 billion.

Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.

Analysts remain optimistic on Gamuda amid robust order book growth  

Shares of health insurers operating pharmacy benefit managers fell on Monday after US President-elect Donald Trump called them middlemen who drive up costs and said he plans to eliminate their role.

Insurer stocks fall after Trump says 'we're going to knock out the middleman'

China’s bubble tea makers are reviving plans for initial public offerings, encouraged by signs that Beijing is loosening its grip on the market and sentiment is improving after a disappointing debut by one of the industry’s biggest chains earlier this year.