<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 6): Malaysia Airports Holdings Bhd (MAHB) will use its own money to fund Sarawak's Miri Airport's car park upgrade under the Malaysian government's plan to improve its terminal building.</p></div>

<div class=newsTextDataWrapInner><p>According to the Transport Ministry's Parliament written reply to Sibuti MP Datuk Ahmad Lai Bujang, the ministry's plan to upgrade Miri Airport’s terminal building remains intact.</p></div>

<div class=newsTextDataWrapInner><p>“As a short-term solution, the ministry, through MAHB, has agreed to build additional car park facilities with MAHB’s budget.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Although Miri Airport does not have international airport status, it can still allow international flights to run through it with its facilities that support this kind of flights, similar to airports in Malacca, Kuantan and Ipoh. These domestic airports play a role as feeder to other international airports,” the ministry said.</p></div>

<div class=newsTextDataWrapInner><p>The ministry released today its written reply, dated Oct 30, 2017, to MPs.</p></div>

<div class=newsTextDataWrapInner><p>Ahmad Lai had earlier asked the ministry on the progress of Miri Airport's upgrade. He also asked when Miri Airport would be given international airport status.</p></div>


KUALA LUMPUR (Nov 6): Malaysia Airports Holdings Bhd (MAHB) will use its own money to fund Sarawak's Miri Airport's car park upgrade under the Malaysian government's plan to improve its terminal building.

According to the Transport Ministry's Parliament written reply to Sibuti MP Datuk ...

Malaysia Airports to fund Miri Airport car park upgrade — Transport Ministry

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives hit a two-year high, as prices rallied to above RM5,000 per tonne, a trader said.

Palm oil trader David Ng said the market outlook remains positive with Indonesia implementing a higher biodiesel mandate next year which will boost demand for palm oil.

CPO futures at two-year high, prices rally above RM5,000 per tonne

Indonesia's Mount Lewotobi Laki-laki erupted several times on Friday, belching volcanic ash that rose up to 10km into the sky, officials said, following a big eruption on Sunday night that killed nine people.

Indonesian volcano spews ash 10km high, thousands evacuate

Renewable energy producer Cypark Resources Bhd (KL:CYPARK) announced on Friday that its chief financial officer (CFO) Vinie Chong Pui Ling has resigned, just three months after her appointment on Aug 15.

Cypark CFO resigns after just three months in role

flydubai and Batik Air Malaysia have announced on Friday an interline agreement that will offer flydubai passengers access to more than 40 destinations across Batik Air’s network via Kuala Lumpur International Airport (KUL).

flydubai, Batik Air ink strategic interline agreement

The Malaysian Anti-Corruption Commission (MACC) is currently looking into identifying assets, ownership and financial sources obtained by the founders of e-commerce platform FashionValet Sdn Bhd.

Probe to focus on identifying assets procured by FashionValet, says MACC

Sarawak Cable Bhd (KL:SCABLE) said trading in its shares will be suspended from Nov 18, ahead of the court hearing of an application to place the company under judicial management (JM).

Trading in Sarawak Cable to be suspended from Nov 18

Main Market-bound bottle water producer Life Water Bhd (KL:LWSABAH) booked a net profit of RM7.49 million on revenue of RM42.59 million for its first quarter ended Sept 30, 2024 (1Q2025).

Main Market-bound Life Water posts RM7.5 mil profit in 1Q2025

The Malaysian Takaful Association (MTA) said it will seek to expand its membership base by revising its constitution to allow digital insurers and takaful operators (DITOs) licence holders to join the association.

Takaful association to welcome more digital insurers as members ahead of licensing process

Oil and gas services provider Steel Hawk Bhd (KL:HAWK) has secured a subcontract from Petra Energy Bhd (KL:PENERGY) to provide offshore living quarters maintenance and repair services for EPOMS offshore facilities in Sarawak.

The three-year subcontract, awarded on a call-out basis, has no fixed contract value, according to Steel Hawk's filing with Bursa Malaysia on Friday. The contract includes an option to extend for two additional years, on a one-year plus one-year basis, it noted.

Steel Hawk bags offshore living quarters maintenance job from Petra Energy

The European Union (EU) and China said they made some progress after a week of technical talks in Beijing aimed at scaling back or reversing tariffs that the bloc applied to electric vehicles (EVs) made in China.

EU and China say progress in talks to avoid EV tariffs

<p>KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Court orders Muhyiddin to pay RM1.35m in damages to Guan Eng over defamatory comments on Yayasan Albukhary’s tax breaks

<p>Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;</p>

<p>The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.</p>


Maxis 3Q net profit rises 28% with more subscribers, lower staff costs

<p>Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.&nbsp;&nbsp;</p>


Gloomy earnings outlook puts semiconductor-related stocks under selling pressure

<p>Donald Trump's recent US election&nbsp;win will affect Malaysian exporters, but is largely neutral for domestic growth, the ringgit, and the equity market, said CGS International.</p>


Trump presidency largely neutral for Malaysia, while market consolidation offers buying opportunities — CGS

<p>Former deputy international trade and industry minister Professor Dr Ong Kian Ming wondered if are there plans for Digital Nasional Bhd to transition fully to a 100% mobile network operator-owned entity, so that it can compete fairly with U Mobile once the second 5G network is rolled out to a high enough area of coverage.</p>


Questions on the second 5G network

<p>Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.</p>


Putin says Trump’s proposals on Ukraine deserve attention

<p>Hong Leong Investment Bank (HLIB) proposed that revisiting the Shenton House acquisition could present a prime opportunity for IOI Properties Group Bhd (KL:IOIPG), given the favourable market conditions.</p>


Revisiting acquisition of Shenton House 'best available option' for IOI Properties — HLIB

<p>Analysts are&nbsp;positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets&nbsp;while reaping benefits from the CelcomDigi merger over a longer term.</p>


Analysts positive on Axiata's emerging-market focus, CelcomDigi merger benefits

<p>United Overseas Bank Ltd (UOB)&nbsp;led Singapore bank stocks to record highs on Friday after delivering a hefty profit beat, led by wealth and trading gains.</p>

<p>UOB rose more than 9% as it reported third-quarter profit that climbed to S$1.64 billion (US$1.24 billion or RM5.44 billion). The bank also signalled the potential for more returns to investors through a share-buyback programme. Oversea-Chinese Banking Corp’s (OCBC) stock rose almost 2%.</p>


Singapore bank shares surge to records on wealth, trading gains

<p>China gave indebted local governments a 10 trillion yuan &nbsp;(US$1.4 trillion or RM6.12 trillion) &nbsp;lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.</p>


China unveils US$1.4 tril debt swap, saves stimulus for Trump

<p>Communications Minister Fahmi Fadzil said on Friday it is too early to reveal the specific conditions that will be imposed on U Mobile Sdn Bhd to lead the second 5G network.</p>


Fahmi says still premature to reveal conditions set for U Mobile on second 5G network

<p>Malaysian benchmark palm oil futures are expected to trade above and around RM5,000 per tonne until June 2025, supported by tight supply and bullish demand, leading industry analyst Dorab Mistry said on Friday.</p>


Malaysia palm oil futures seen around and above RM5,000 per tonne until mid-2025, analyst Mistry says

<p>SUNGKAI (Nov 8): FGV Holdings Bhd (KL:FGV), one of the world’s largest producer of crude palm oil (CPO), said it is actively working with its clients to facilitate the export of crude-palm-kernel-oil (CPKO) products that comply with the European Union Deforestation Regulation (EUDR) into Europe.</p>


FGV working closely with clients to facilitate export of crude-palm-kernel-oil products

<p>CYBERJAYA (Nov 8): Malaysia is set to experience 20% to 40% more rainfall during the upcoming Northeast Monsoon season, compared to a year earlier, according to the Meteorology Department.</p>


Malaysia braces for up to 40% more rainfall this monsoon season, officials say

<p>WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.</p>


Republicans widen Senate majority, on track to win House

<p>Home appliance distributor Milux Corp Bhd (KL:MILUX) received an unconditional mandatory takeover offer on Friday from ABS Capital Sdn Bhd to acquire all the remaining shares it does not own, at 43.2 sen per share.</p>


Company linked to Exsim's Lim brothers buys 63.88% stake in Milux, triggering mandatory takeover at 43.2 sen per share

<p>At about the same time my article “Hidden danger in consuming ‘dark calories’” was published on theedgemalaysia.com (July 17, 2024), the Seed Oil Free Alliance unveiled its “Seed Oil Free Certified” food label. In my article, I recommended avoiding seed oils from sunflower, corn, soybean and cott...

My Say: Seed Oil Free Certification in the US a boost for palm oil?

<p>99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) net profit dipped 3.5% to RM107.16 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM111.06 million a year ago, dragged by higher administrative and other operating spending. This included one-off special staff bonuses and initial public offering (IPO) listing expenses totalling RM23.2 million.</p>

<p>Excluding the one-off expenses, 99 Speed Mart said in a statement its normalised net profit increased 13.2% to RM126 million in 3QFY2024 from RM111.27 million in 3QFY2023.</p>


99 Speed Mart posts RM107.16m 3Q profit, down 3.5% on-year due to one-off expenses

<p>KUALA LUMPUR (Nov 8): As the year-end 11.11 sale is approaching, e-commerce giant Lazada Malaysia introduced AI Lazzie, an artificial intelligence (AI) shopping assistant to help users navigate, discover and shop on the platform.</p>


Lazada launches new AI assistant on its app

<p>Genting Singapore Ltd’s shares fell to a two-year low, after analysts downgraded the stock following lacklustre third-quarter results from the firm.</p>

<p>The shares dropped as much as 7.7% to hit the lowest since October 2022, before paring some losses. The company reported a net income of S$79.4 million (US$60 million or RM263.4 million) for the three months ended September, missing estimates by a wide margin.</p>
