<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 12): Kretam Holdings Bhd (KHB) has secured RM21 million of banking facilities from Alliance Bank Malaysia Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Its wholly-owned subsidiary Syarikat Kretam Plantations Sdn Bhd, which cultivates oil palms, has accepted the facilities to finance the purchase of two pieces of agricultural land planted with oil palms in Sabah from NPC Resources Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“The facilities are not expected to have a material impact on the earnings per share, net tangible assets per share, share capital and the substantial shareholders' shareholdings of KHB for the financial year ending Dec 31, 2021,” said Kretam.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kretam’s shares were last traded at 54 sen, valuing the group at RM1.26 billion.</p></div>


Kretam Holdings Bhd (KHB) has secured RM21 million of banking facilities from Alliance Bank Malaysia Bhd.

Its wholly-owned subsidiary Syarikat Kretam Plantations Sdn Bhd, which cultivates oil palms, has accepted the facilities to finance the purchase of two pieces of agricultural land planted with oil palms in Sabah from NPC Resources Bhd.

Kretam secures RM21 mil banking facilities from Alliance Bank

Back in August, Donald Trump announced that, if elected, he would try to amend the Federal Reserve Act to give the president a larger say in monetary policymaking. Now that he is heading back to the White House, is central bank independence on the chopping block?

When Trump was out of o...

The New Global Economy: What if Trump subdues the Fed?

The year 2024 has been a blockbuster one for Malaysia in terms of investment announcements, as global big names Microsoft Corp, Google LLC and more recently Oracle Corp disclosed multi-year billion-ringgit investments into the country.

A blockbuster year for foreign investment

Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.

Blue Origin fires up engines on new rocket ahead of debut launch

China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.

China to cut import tariffs on some recycled copper and aluminium raw materials

As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...

My Say: Health, the forgotten casualty at UN climate talks

Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.

Putin says Slovakia could host peace talks with Ukraine

Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 6.85%, up from last week's reading of 6.72%.

Mortgage rates rise for second straight week, highest since July — report

The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.

US may hit new debt limit as early as Jan 14, Yellen says

Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”

Azerbaijan Airlines pauses over half of flights to Russia after crash

Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.

Crypto mogul Do Kwon to be extradited to US, Montenegro says

<p>President-elect Donald Trump thrust himself into the high-stakes fight over the fate of TikTok in the US by urging the Supreme Court to pause a law that would ban the social media platform if it isn’t sold by its Chinese parent company.</p>


Trump asks Supreme Court to pause law threatening TikTok ban

<p>The US Treasury Department may need to take "extraordinary measures" by as early as Jan 14 to prevent the US from defaulting on its debt, Treasury Secretary Janet Yellen told lawmakers in a letter on Friday.</p>


<p>China will reduce import tariffs on ethane and certain recycled copper and aluminium raw materials from next year, the government said on Saturday.</p>


<p>Terraform Labs Pte Ltd co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.</p>


<p>After closing the books on a banner year for US stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving.</p>


Trump's first actions and job data to test US market in January

<p>Azerbaijan Airlines said the crash of its passenger plane in Kazakhstan that killed 38 people this week was caused by “external interference.”</p>


<p>Freddie Mac's latest&nbsp;Primary Mortgage Market Survey<a data-rapid_p="7" data-v9y="1" data-ylk="slk:Primary Mortgage Market Survey,;elm:context_link;itc:0;sec:content-canvas" href="https://www.foxbusiness.com/category/home-mortgage" rel="nofollow noopener" target="_blank">,</a>&nbsp;released Thursday, showed that the average rate on the benchmark&nbsp;30-year fixed<u> </u>mortgage&nbsp;jumped to 6.85%, up from last week's reading of 6.72%.</p>


<p>The year 2024 has been a blockbuster one for Malaysia in terms of investment announcements, as global big names Microsoft Corp, Google LLC and more recently Oracle Corp disclosed multi-year billion-ringgit investments into the country.</p>


<p>Russian President Vladimir Putin said on Thursday that Russia is open to a Slovakian proposal to host peace talks with Ukraine to end a conflict he said Russia was determined to bring to a conclusion.</p>


<p>Jeff Bezos’ aerospace firm Blue Origin fired up the engines on its massive new rocket, the New Glenn, on Friday — a last critical test needed to pave the way for the vehicle’s debut launch to space.</p>


<p>As we come to terms with the conclusion of COP29, the outcome — a shockingly diluted climate financing agreement — has left many questioning the credibility of the Conference of the Parties (COP) process. Originally conceived to ensure continuity and escalation of climate commitments, the COP con...