<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 19): Petaling Jaya Utara MP Tony Pua said the Malaysian Government had "shown shocking indifference" to the US Department of Justice's (DOJ) civil forfeiture complaints involving 1Malaysia Development Bhd (1MDB)-linked assets.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, Pua said this was despite the DOJ's claim that 1MDB officials and their associates stole more than US$3.5 billion (about RM14 billion) from 1MDB between 2009 and 2015, and laundered at least U$1 billion through the US.</p></div>

<div class=newsTextDataWrapInner><p>"Despite the enormity of the scam and scandal, the Malaysian Government has shown shocking indifference to the exposé.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Despite all of the above substantiated allegations made by the DOJ, there have been no concrete actions taken by Malaysian authorities," Pua said.</p></div>

<div class=newsTextDataWrapInner><p>He also questioned the need to wait for the DOJ's legal process to be concluded before Malaysian authorities "follow up with the necessary actions".</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 19): Petaling Jaya Utara MP Tony Pua said the Malaysian Government had "shown shocking indifference" to the US Department of Justice's (DOJ) civil forfeiture complaints involving 1Malaysia Development Bhd (1MDB)-linked assets.

In a statement, Pua said this was despite ...

Malaysian Govt shows 'shocking indifference' to US Justice Department's 1MDB findings

China’s Luckin Coffee Inc agreed to buy an equivalent of four million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signalling continued demand from one of the fastest growing markets.

Luckin Coffee deal for Brazil beans ensures steady China demand

China’s Contemporary Amperex Technology Co Ltd (CATL) is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

China’s CATL in early talks on EV battery recycling in Europe

European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.

European nations denounce Russian hybrid attacks, cable cut probes launched

There are only three official entry points along the Malaysia-Thailand border in Kelantan — the Immigration, Customs, Quarantine and Security (ICQS) Complexs in Rantau Panjang, Bukit Bunga and Pengkalan Kubor — Home Minister Datuk Seri Saifuddin Nasution Ismail said.

Only three official entry points along Kelantan-Thailand border, says Saifuddin Nasution

Brazilian President Luiz Inacio Lula da Silva on Tuesday urged leaders of the Group of 20 (G20) major economies to accelerate their national climate targets, calling on them to reach net zero climate emissions five to 10 years ahead of schedule.

Lula urges G20 leaders to move faster on net zero climate targets

Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.78% stake to non-independent director Lye Jun Fei.

Bright Packaging sees emergence of new largest shareholder after Ricky Wong 17.8% stake sale

Alphabet Inc’s Chrome browser could fetch as much as US$20 billion (RM89.45 billion) if a judge accedes to a Justice Department (DOJ) proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies.

Google’s Chrome to fetch up to US$20 bil if judge okays sale

A brief recap of some corporate announcements that made the news on Tuesday.

Hibiscus Petroleum, Dutch Lady, Dialog, Malayan Flour Mills, Cape EMS, Star Media, Teladan, SAM Engineering, APM Automotive, Comfort Gloves, Hextar Global, IFCA MSC, TCS Group, Binastra, Handal Energy

Mieco Chipboard Bhd (KL:MIECO) has returned to the black with a net profit of RM1.67 million in its third quarter ended Sept 30, 2024 (3QFY2024), from a net loss of RM45.89 million in 3QFY2023, on increased sales and improvement in production efficiency.

Mieco returns to black in 3Q on better sales, efficiency

Russian Foreign Minister Sergei Lavrov said on Tuesday that an attack on Russia's Bryansk region by Ukraine using US-supplied ATACMS missiles was a clear signal that the West wanted to escalate the Ukraine conflict.

Lavrov says Ukrainian attack on Russia with US missiles is a Western escalation

<p>THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.</p>

<p>At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

<p>LAST Monday, Datasonic Group Bhd (KL:DSONIC) announced that it had bought 51% equity interest in Innov8tif Holdings Sdn Bhd for RM40 million in cash from Revenue Group Bhd (KL:REVENUE).</p>

<p>Innov8tif Holdings and its subsidiaries Innov8tif Solutions Sdn Bhd, Xendity Sdn Bhd and Innov8tif So...

The tale of Innov8tif and five public-listed companies

<p>Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&amp;E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur. &nbsp;</p>


Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil

<p>Cape EMS Bhd (KL:CEB) booked its first quarterly loss since its listing in March 2023, with a net loss of RM18.95 million in the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net profit of RM15.21 million in the same quarter last year.</p>


Cape EMS posts first quarterly loss since listing amid margin pressure

<p>Lawyer for former prime minister Datuk Seri Najib Razak, Tan Sri Muhammad Shafee Abdullah, said he has a suspicion fugitive Low Taek Jho, or Jho Low, is currently residing in Myanmar under the protection of the military junta there.</p>


Najib’s lawyer believes Jho Low is in Myanmar

<p>Sime Darby Property Bhd (KL:SIMEPROP) is integrating the solar-powered landed homes at its Elmina Ridge development in City of Elmina, Shah Alam, with the battery energy storage system (BESS).</p>


Sime Darby Property integrates solar-powered Elmina Ridge landed homes with battery energy storage system

<p>Construction services firm TCS Group Holdings Bhd (KL:TCS) has secured a contract worth RM611.3 million, almost seven times its market capitalisation of RM90.9 million, to build a new highway and to upgrade roads under Phase 1B of the Pan Borneo Highway.</p>


TCS Group bags RM611.3 mil job under Pan Borneo Highway

<p>Malayan Flour Mills Bhd’s (MFM)(KL:MFLOUR) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) plummeted 69.7% to RM7.34 million, from RM24.2 million in the same quarter last year.</p>


JV losses drag Malayan Flour Mills' 3Q profit down 69.7% despite higher revenue

<p>A brief recap of some corporate announcements that made the news on Tuesday.</p>


<p>Frozen food distributor Supreme Consolidated Resources Bhd (KL:SUPREME), which is heading for a listing on the ACE Market on Nov 29, had its public issuance of 8.6 million new shares oversubscribed by 349.42 times.</p>


Frozen food distributor Supreme Consolidated's 8.6 mil shares for public oversubscribed by 349 times

<p>Dialog Group Bhd's (KL:DIALOG) net profit in the first quarter ended Sept 30, 2024 (1QFY2025) grew 14.2% to RM150.97 million, from RM132.17 million a year ago, despite lower revenue.</p>


Dialog's 1Q profit grows 14%, driven by midstream tank storage business and big opex drop

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Theta Edge Bhd (KL:THETA) signed a memorandum of understanding (MOU) with China’s ZICT Technology Co Ltd today (Nov 19), laying the groundwork for collaboration in smart city development and mobility-as-a-service (MaaS) initiatives.</p>


Theta Edge enters pact with ZICT Technology for smart city solutions

<p>Penang-based SAM Engineering &amp; Equipment (M) Bhd’s (KL:SAM) reported a drop of 23.7% year-on-year (y-o-y) in its second quarter ended Sept 30, 2024 (2QFY2025) net profits, amid lower contribution from its equipment segment.</p>


SAM Engineering's 2Q net profit falls 24% on-year on lower revenue

<p>IFCA MSC Bhd posted a sharp year-on-year increase in its third quarter net profit, driven by strong revenue growth and operational efficiencies.</p>

<p>Net profit for the quarter ended Sept 30, 2024 (3QFY2024) jumped to RM5.5 million, nine times the RM610,000 it made in 3QFY2023, on higher revenue contributions and improved cost management, its bourse filing showed. &nbsp;</p>


IFCA MSC's 3Q profit surges on robust sales, announces plan to cap cash pile at RM70 mil

<p>Matrix Concepts Holdings Bhd’s (KL:MATRIX) Levia Residence condominium in Cheras has achieved a take-up rate of 70% since its official launch in January, according to a press statement on Tuesday.</p>


Matrix Concepts’ Levia Residence condo in Cheras achieves 70% take-up, to have smart concierge services

<p>Despite the looming uncertainty in global trade arising from the US trade policy, economists are largely optimistic on Malaysia’s export growth outlook, citing trade diversions and front-loading opportunities, following October's rebound as growth in electronics and palm oil deliveries offset sharp contraction in shipments of petroleum.</p>


Economists maintain forecasts for Malaysia's export growth despite October's below-forecast rebound

<p>Dutch Lady Milk Industries Bhd (KL:DLADY) reported a marginal 2.5% increase in its third quarter net profit to RM17.22 million from RM16.79 million a year ago, despite a drop in revenue, thanks to lower tax expenses following a positive correction on costs that were initially disallowed for tax deduction.</p>


Dutch Lady posts higher 3Q net profit on lower tax expenses but operating profit drops 16.5%

<p>Options traders are primed for a nearly US$300-billion (RM1.34-trillion) swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, US options market data showed.</p>


Nvidia's options primed for US$300b price swing after earnings

<p>Comfort Gloves Bhd (KL:COMFORT) posted a wider net loss in the quarter ended Sept 30, 2024 (3QFY2024) on higher provisions for slow-moving inventory, write-downs and sizeable foreign exchange loss.</p>
