<div class=newsTextDataWrapInner><p>SINGAPORE (Oct 16): Lippo Malls Indonesia Retail Trust (LMIRT Trust) and First Real Estate Investment Trust (First REIT) are jointly acquiring an integrated development in Jogjakarta for a consideration of Rp 834.6 billion (S$88.1 million).</p></div>

<div class=newsTextDataWrapInner><p>The Jogyakarta property comprises a hospital component known as Siloam Hospitals Yogyakarta (SHYG) and a retail mall component known as Lippo Plaza Jogjakarta (LPJ).</p></div>

<div class=newsTextDataWrapInner><p>The considerations attributable to SHYG and LPJ are S$27 million and S$61.1 million respectively. Including value-added tax and acquisition fees to be paid in LMIRT units, the cost attributable to LMIRT is S$68.4 million... <a href="https://www.theedgesingapore.com/lippo-malls-indonesia-retail-trust-acquire-2-malls-110-mil-first-reit-snaps-hospital-component" target="_blank">(Click here to read the full story.)</a></p></div><div class=inPageAd id=div-gpt-ad-inpage></div>


SINGAPORE (Oct 16): Lippo Malls Indonesia Retail Trust (LMIRT Trust) and First Real Estate Investment Trust (First REIT) are jointly acquiring an integrated development in Jogjakarta for a consideration of Rp 834.6 billion (S$88.1 million).

The Jogyakarta property comprises a hospital c...

Lippo Malls Indonesia Retail Trust to acquire 2 malls for S$110 mil; First REIT snaps up hospital component

A late season tropical storm predicted to intensify into a category 2 hurricane in the U.S. Gulf of Mexico this week could reduce U.S. oil production by about 4 million barrels, researchers said.

Late season storm could disrupt 4 mln barrels of US oil output, researchers say

A security fence rings a Las Vegas building where Nevada tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. Governors of at least three states have called for National Guard troops to help maintain the peace.

As a tense America votes for either Republican Donald Trump or Democratic Vice President Kamala Harris for president, concerns about potential political violence have prompted officials to take a variety of measures to bolster security during and after Election Day.

US states worried about election unrest take security precautions

North Korea fired an unidentified ballistic missile toward the sea east of the Korean Peninsula, South Korea's Joint Chiefs of Staff said on Tuesday.

North Korea fires ballistic missile, South Korea military says

Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.

Big Oil chiefs see Middle East conflict, China as top concerns

Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision.

Asian stocks cautious as US election on knife’s edge

Stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve rate decision.

In the run-up to Tuesday’s vote, equity traders decided to stay on the sidelines as a flurry of polls showed Americans remain narrowly split between Donald Trump and Kamala Harris. The likelihood of a disputed result could eventually drag the vote count out for weeks or even months. For many, that means one thing — a potential increase in volatility. Treasuries rose across the curve and the dollar dropped the most in over a month.

Wall Street shuns risk before coin-toss election

Prime Minister Datuk Seri Anwar Ibrahim is set to invite China’s President Xi Jinping to attend the Asean Summit and the Asean-GCC Summit next year.

This invitation corresponds with Malaysia’s role as the Asean chair for 2025.

Anwar to extend invitation to Xi Jinping for 2025 Asean Summit

New orders for US-manufactured goods fell for a second straight month in September, and business spending on equipment appears to have pulled back in the third quarter.

US factory orders fall a second straight month in September

US stock indexes were trading flat to lower on Monday, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.

Wall Street struggles for direction as uncertainty around US election grows

Chile’s economic activity posted its biggest monthly plunge since July 2022 in September, prompting the government to scrap its growth forecast for this year and stoking bets on more interest rate cuts.

Chile economic activity plunges most since 2022 in ‘appalling’ report

<p>Datasonic Group Bhd (KL:DSONIC) is buying a 51% stake in Innov8tif Holdings Sdn Bhd from Revenue Group Bhd (KL:REVENUE)&nbsp;for RM40 million cash. &nbsp;</p>

<p>Innov8tif, a two-year-old company, specialises in ID verification technology to support e-know-your-customer (e-KYC) and e-know-your-business (e-KYB) and anti-fraud processes, customer onboarding process automation and mobile biometric authentication, said Datasonic in the filing to Bursa Malaysia.</p>


Datasonic buys 51% stake in Innov8tif Holdings from Revenue Group for RM40 mil cash

<p>The Malaysian man who was reportedly a mercenary fighting in Ukraine against Russia has been identified as Lee Bing Hang and is believed to be still alive and well.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain said preliminary investigations found Lee, 20, was wounded in the ankle by shrapnel from a Russian drone and has completed his treatment.</p>


Lee Bing Hang, Malaysian mercenary in Ukraine is still alive — IGP

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


SD Guthrie, AME Elite, Techna-X, Star Media, JAKS Resources, Datasonic, Revenue Group, Dayang, Carimin, MN Holdings, Tuju Setia, Bina Puri, Elridge, MCE Holdings, Bintai Kinden

<p>Newly-listed Elridge Energy Holdings Bhd (KL:ELRIDGE) said it has entered into a deal to supply biomass feedstock to a Japanese trading company for 15 years.</p>


Elridge Energy signs deal to supply biomass feedstock to Japanese company for 15 years

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/aw9fNKlTub8?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>Carimin Petroleum Bhd (KL:CARIMIN) said it has secured a five-year contract from Shell for the provision of pan-Malaysia maintenance, construction, modification (MCM), and hook-up and commissioning (HUC) services.</p>


Carimin Petroleum gets five-year services contract from Shell

<p>Khee San Bhd (KL:KHEESAN) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd, Kenanga Investment Bank Bhd (KL:KENANGA) and Malacca Securities Sdn Bhd for the candy maker’s rights issue with warrants to raise up to RM96.1 million.</p>


M&A Securities, Kenanga IB, Malacca Securities jointly underwrite Khee San’s rights issue

<p>Destini Bhd (KL:DESTINI) reported a net profit of RM5.33 million for the first quarter ended Sept 30, 2024, (1QFY2025) compared to a net loss of RM6.8 million a year ago, driven by higher sales delivery and improved operational efficiency.</p>


Destini turns profitable for 1QFY2025, plans 10% private placement

<p>Prime Minister Datuk Seri Anwar Ibrahim has arrived in Shanghai, marking his first stop before Beijing, as part of a working visit from Nov 4-7.</p>


Anwar arrives in Shanghai, first stop of working visit to China

<p>MCE Holdings Bhd (KL:MCEHLDG), a manufacturer of automotive electronic and mechatronic parts, is partnering with Nanjing Chuhang Technology Co Ltd to exclusively develop, manufacture and market a sensing radar technology for autonomous driving application for global markets, excluding China.</p>


MCE explores development of autonomous driving solutions with Chinese company

<p>US stock indexes were trading flat to lower on Monday, as investors braced for a pivotal week for global markets in which Americans will elect a new president and the Federal Reserve is likely to cut its benchmark policy rate.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim is set to invite China’s President Xi Jinping to attend the Asean Summit and the Asean-GCC Summit next year.</p>

<p>This invitation corresponds with Malaysia’s role as the Asean chair for 2025.</p>


<p>The Organization of Petroleum Exporting Countries (Opec) is very positive on demand for oil in both the short and long term, Secretary General Haitham Al Ghais said at an energy industry event in Abu Dhabi on Monday.</p>


Opec positive on global oil demand, sees no peak on horizon

<p>Chile’s economic activity posted its biggest monthly plunge since July 2022 in September, prompting the government to scrap its growth forecast for this year and stoking bets on more interest rate cuts.</p>


<p>New orders for US-manufactured goods fell for a second straight month in September, and business spending on equipment appears to have pulled back in the third quarter.</p>


<p>Quincy Jones, the man known simply as "Q," was a huge influence on American music in his work with artists ranging from Count Basie to Frank Sinatra and reshaped pop music in his collaborations with Michael Jackson.</p>


US music legend Quincy Jones dies at 91

<p>Asian equities were set for a mixed day amid increasing risk-off sentiment, as the clock ticked down to a tight US presidential election and the Federal Reserve rate decision.</p>


<p>China has lodged a complaint with the World Trade Organization (WTO) over the European Union’s (EU) final tariffs on Chinese electric vehicle (EV) imports, escalating a dispute that’s straining an already fraught relationship.</p>


China appeals to WTO over EV tariffs imposed by European Union

<p>A presidential election unlike any other in US history enters its last full day on Monday with Donald Trump, Kamala Harris and their campaigns scrambling to get supporters to the polls in a contest each portrays as an existential moment for America.</p>

<p>Even after the astonishing blur of events the last few months, the electorate is divided down the middle, both nationally and in the seven battleground states expected to decide the winner on Tuesday, although the closeness of the contest means it could take days for a winner to emerge.</p>


Trump and Harris campaigns race to get the vote out on eve of US election

<p>Commerzbank AG chief executive officer Bettina Orlopp is seeking to unlock more capital to pay out or invest, as she makes the case for an independent bank in the face of a potential takeover by rival UniCredit SpA.</p>
