<div class=newsTextDataWrapInner>KUALA LUMPUR (May 11): ManagePay Systems Bhd rose 2.08% this morning after it was appointed by a joint venture company (JVCo) formed by major taxi consortiums here known as PICK N GO Sdn Bhd as the sole card payment facilitator for the JVCo's taxi e-hailing mobile application.</div>

<div class=newsTextDataWrapInner>At 9.31am, ManagePay gained 0.5 sen to 24.5 sen with 7.01 million shares traded.</div>

<div class=newsTextDataWrapInner>The appointment will see its wholly-owned unit ManagePay Services Sdn Bhd (MPay) enabling participating taxi operators to accept major card payments through their new taxi e-hailing mobile application, PickNGo.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Additionally, MPay will is deploying card terminals or MPOS for the acceptance of physical card payments for up to 8,000 registered taxis in Malaysia under the consortium by end of this year.</div>

KUALA LUMPUR (May 11): ManagePay Systems Bhd rose 2.08% this morning after it was appointed by a joint venture company (JVCo) formed by major taxi consortiums here known as PICK N GO Sdn Bhd as the sole card payment facilitator for the JVCo's taxi e-hailing mobile application.

At 9.31am...

ManagePay rises 2.08% on appointment as card payment facilitator 

Here is a brief recap of some corporate announcements that made the news on Thursday.

Capital A, Gamuda, Sapura Energy, AEON Credit, Hiap Teck, HCK, Seal, Censof, Yenher, Citaglobal, Lambo

The government believes that the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region’s projected RM57.3 billion contribution to Malaysia's gross domestic product (GDP) could be fast-tracked to 2032 from 2038, given its current pace of development, said Prime Minister Datuk Seri Anwar Ibrahim.

Impact from AWS’ RM57.3b GDP contribution could be felt as soon as 2032 — Anwar

MSR Green Energy Sdn Bhd (MSR-GE), an associate company of Seal Incorporated Bhd (KL:SEAL), has roped in Sungrow, a China-based solar photovoltaic (PV) inverter and energy storage system provider, to develop a RM645 million battery energy storage system (BESS) project in Sabah.

Seal Inc associate ropes in Sungrow for RM645m battery energy storage project in Sabah

The Pentagon praised China for its transparency before the test launch of an intercontinental ballistic missile into the Pacific Ocean, in a sign that military communication between the superpowers is improving.

US hails early notice of China ICBM test to avoid miscalculation

Trading in the shares of Lambo Group Bhd (KL:LAMBO) will be suspended from Oct 4, following Bursa Malaysia’s rejection of the company’s application for a further extension of time to submit its regularisation plan.

Lambo risks being delisted after Bursa dismisses extension appeal to submit regularisation plan

Stocks in Asia are set to extend gains as risk appetite across financial markets got a further boost from China’s latest stimulus measures and as US benchmarks hit fresh records.

Futures pointed higher in Hong Kong, Japan and Australia.

Asian stocks set to extend rally on Chinese stimulus boost

Singapore has kicked off a big effort to revive its withering stock market. Inside its exchange operator and among market participants, there is deep pessimism that the reboot will succeed.&nbsp;

Singapore Exchange insiders cast doubt on stock-market revival

Japanese conglomerate Mitsubishi will acquire a 10% stake in a natural gas facility operated by Petroliam Nasional Bhd (Petronas) for a 10-year period,&nbsp;the&nbsp;Nikkei reported on Thursday.

Japan's Mitsubishi to acquire stake in Petronas LNG plant, Nikkei reports

Action against GISB Holdings Sdn Bhd (GISBH) is intensifying, with operations planned in Sabah and Sarawak following numerous revelations regarding alleged crimes committed by the organisation in Peninsular Malaysia.

Crackdown on GISBH expands to Sabah, Sarawak

Wall Street's main indexes rose on Thursday, with the S&amp;P 500 hitting a record high, as Micron's upbeat forecast revived the frenzy around artificial intelligence, and a softer-than-expected jobless claims report soothed worries about the labour market.

Wall Street rises on AI euphoria after Micron's upbeat forecast

LUS stocks rose as traders await bigger clues about the health of the economy after upbeat data on Thursday.

The S&amp;P 500 climbed 0.4% to its 42nd closing record of this year. The Nasdaq 100 ended the session 0.7% higher, after jumping as much as 1.5% earlier.

S&P 500 notches fresh record ahead of PCE data

US Treasury Secretary Janet Yellen said on Thursday that labour market and inflation data suggest the US economy is on a path to a "soft landing," but the "last mile" on taming inflation is bringing down housing costs.

Yellen says economy on 'soft landing' path, Fed's policy rate will fall to neutral level

Micron Technology Inc, the largest US maker of computer memory chips, gained the most in nearly 13 years after giving surprisingly strong sales and profit forecasts, helped by demand for artificial intelligence (AI) gear.

Fiscal first-quarter revenue will be about US$8.7 billion (RM35.91 billion), the company said in a statement on Wednesday.

Micron gains most in 13 years as AI demand bolsters forecast

Wells Fargo &amp; Co has entered a key new phase of its almost seven-year effort to escape a Federal Reserve cap on its assets, a punishment that has become the most feared in banking.

Wells Fargo sends US Fed crucial review for lifting asset cap

Thames Water’s debt was further downgraded by two credit ratings agencies as the troubled utility faces a potential liquidity crunch sooner than expected.

S&amp;P Global Inc and Moody’s Ratings both slashed the UK water provider’s Class A debt — deemed the safest — by five and six notches respectively, according to two separate statements published on Wednesday.

Thames Water hit by more rating agency downgrades as cash crunch looms

Citigroup and Apollo Global have partnered for a US$25 billion (RM103.5 billion) private credit and direct lending programme, illustrating a growing alliance between banks and non-banks looking for a slice of the lucrative US$2 trillion market.

Citi joins hands with Apollo for US$25b private credit programme 

Italy’s Industry Minister Adolfo Urso backed a potential takeover of Commerzbank AG by Milan-based UniCredit SpA which has threatened to sour relations between Berlin and Rome.

Italy Industry Minister backs UniCredit-Commerzbank deal

Officials issued dire warnings on Thursday about a strengthening hurricane Helene, pleading with Floridians in coastal areas along the storm's path to evacuate ahead of catastrophic winds and a deadly storm surge.

Forecasters said Helene would reach major hurricane status before making landfall on Thursday evening, potentially as a Category 4 storm with sustained wind speeds of up to 156 miles per hour (251km per hour).

Hurricane Helene gains strength, barrels towards Florida with life-threatening storm surge

Citibank will close its last branch in Singapore, located at the CPF Jurong Building in Jurong East, on Oct 12.

Citibank to shut last ‘transactional’ branch in Singapore next month as it eyes wealthy customers

Commerzbank will hold a first round of talks with UniCredit on Friday, the German bank's designated CEO Bettina Orlopp said, as the Italian lender presses for a possible tie-up and its rival hones its defence.