<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 12): Glove manufacturer Kossan Rubber Industries Bhd said its managing director Tan Sri Lim Kuang Sia's brother&nbsp;Lim Kuan Hwa has passed away.</p></div>

<div class=newsTextDataWrapInner><p>"The third brother, Lim Kuan Hwa, passed away on Sunday, May 9," the group said in a WhatsApp message to <em>The Edge</em>.</p></div>

<div class=newsTextDataWrapInner><p>He was not on the board of Kossan, the group said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The family appreciates the concern and would like to be given space and privacy in these trying times as they mourn the loss of a loved one,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Kossan also clarified that its founder&nbsp;Kuang Sia, who is also the group's managing director and chief executive officer, is well. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>There was some confusion earlier after a Facebook posting had wrongly stated that the Kossan founder had passed away.</p></div>

<div class=newsTextDataWrapInner><p>Kossan's share price closed nine sen or 2.17% higher at RM4.24 today, valuing the group at RM10.82 billion.</p></div>


Glove manufacturer Kossan Rubber Industries Bhd said its founder's brother Lim Kuan Hwa has passed away.

Kossan Rubber founder's brother passes away

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

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Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

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Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

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China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

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Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

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The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

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The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

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The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

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<p>Keck Seng (M) Bhd (KL:KSENG) booked an unrealised foreign exchange (forex) loss of RM81.84 million in the third quarter ended Sept 30, 2024 (3QFY2024), which in turn dragged the group into the red.&nbsp;</p>


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<p>Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".</p>


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<p>The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the <em>Nikkei </em>newspaper reported on Saturday.</p>


<p>The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.</p>


<p>Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.</p>


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<p>The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.</p>


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<p>China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.</p>


<p>The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;</p>


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<p>The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.</p>


<p>President-elect&nbsp;Donald Trump&nbsp;may have campaigned hard against high inflation, but by the time of his Nov&nbsp;5&nbsp;election victory&nbsp;financial professionals had moved on from rising prices and begun worrying about rising US&nbsp;debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.</p>


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<p>Lattice Semiconductor Corp&nbsp;is considering making an offer for all of Intel Corp’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.&nbsp;</p>


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<p>There is still no evidence to show that the pollution at Pantai Esen in&nbsp;Permatang Damar Laut, Batu Maung&nbsp;near here is due to reclamation works for the man-made Silicon Island.</p>


<p>As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with&nbsp;97.07% in 2023.</p>


Malaysia's 5G coverage hit 82.1%, internet access near 100% at end-October — ministry

<p>The health of the US&nbsp;consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.</p>
