<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 30): Maxis Bhd, Digi.Com Bhd and Celcom Axiata Bhd mobile telecommunication network subscribers may face "service disruptions" as these companies recalibrate their base stations nationwide. This follows the Malaysian Communications and Multimedia Commission's (MCMC) recent spectrum reallocation. 
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In a statement today, MCMC unit Communications and Multimedia Consumer Forum of Malaysia (CFM) said the recalibration, also known as spectrum migration, had started since September 2016 for completion by June 2017.</div>

<div class=newsTextDataWrapInner>"To minimise the impact of this migration exercise to the general public during the said migration period, the SPs (service providers) have scheduled for selected stations to be reconfigured between 12 a.m. and 6 a.m. However, the timing of the process taken may vary, subject to the respective SPs. 
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"Consumers may be facing temporary service disruptions, primarily for 2G customers who might experience dropped calls and/or SMS/messaging delays during this period," CFM said.</div>

<div class=newsTextDataWrapInner>MCMC's website indicates Maxis, Digi and Celcom's spectrum migration followed reallocation of the 900MHz and 1800MHz spectrum bands announced by MCMC on Feb 1, 2016.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>MCMC said: "This spectrum migration exercise will enable them to provide subscribers with mobile services utilising latest technologies."</div>

KUALA LUMPUR (Nov 30): Maxis Bhd, Digi.Com Bhd and Celcom Axiata Bhd mobile telecommunication network subscribers may face "service disruptions" as these companies recalibrate their base stations nationwide. This follows the Malaysian Communications and Multimedia Commission's (MCMC) recent spect...

Maxis, Digi, Celcom 'service disruptions' seen on spectrum migration - MCMC unit

Morgan Stanley was fined US$2 million (RM8.6 million) by a Massachusetts regulator over stock sales by a First Republic executive in the months leading up to the California lender’s collapse last year.

Morgan Stanley fined US$2m over First Republic stock sales

The US is assembling an economic and security assistance package for Gabon in a bid to prevent China from establishing a military footprint in the strategically positioned Central African nation, according to people familiar with the matter.

US pitches deal for Gabon to thwart Chinese military base in Africa

Alibaba Group Holding Ltd is planning to release a US credit card with the aim of encouraging small businesses to buy products on the Chinese company’s web marketplace.

Alibaba, Mastercard to issue credit card for small business

Saudi Arabia cut pricing of its flagship crude grade for its main market in Asia next month as concerns mount over waning demand.

State-owned Saudi Aramco lowered the official selling price of its Arab Light crude for buyers in Asia by 70 US cents (RM3.03) to US$1.30 a barrel against the regional benchmark, according to a price list seen by Bloomberg.

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Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Gamuda, OSK, Varia, Duopharma, MISC, YTL Power, MyEG, JHM, Gadang

TGI Friday’s Inc management has lost day-to-day control of much of the restaurant chain’s assets and functions after the company failed to file documents to bondholders on time.

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Wall Street's main indexes fell on Friday after a crucial jobs report did little to clear the uncertainty around the magnitude of the Federal Reserve's interest rate cut that is expected at the central bank's meeting later this month.

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Broadcom Inc, a chip supplier for Apple Inc and other big tech companies, plunged after the company delivered a disappointing sales forecast, hurt by the parts of its business that aren’t tied to artificial intelligence (AI).

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Builder-cum-property developer Gadang Holdings Bhd (KL:GADANG) said its subsidiaries have been hit with a civil suit by their subcontractor, claiming for an amount of RM9.77 million in alleged outstanding payments for works done related to the Johor Bahru–Singapore Rapid Transit System (RTS) Link project.

Gadang subsidiaries face RM9.77 mil claim for RTS Link work

Canada’s economy added jobs for the first time in three months, but the unemployment rate surprisingly jumped to the highest level since the pandemic as the expanding pool of new workers are unable to find work.

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Hartalega Holdings Bhd (KL:HARTA) said it is seeing demand recovery amid restocking activities while full capacity at Chinese factories have pushed some of the orders to Malaysia.

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Hartalega sees glove demand normalising by 2026, shrugs off Chinese competition

The Malaysian Anti-Corruption Commission (MACC) confirmed on Friday that it has initiated a probe against YTL Communications Sdn Bhd (YTL Comms), saying it was initiated based on complaints of alleged graft, misappropriation and power abuse that it received.

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KUALA LUMPUR (Sept 6): Gamuda Bhd (KL:GAMUDA) said on Friday that its joint venture (JV) to build the Ulu Padas hydroelectric project has been approved by the Sabah energy regulator.

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Pantech Global Bhd, a steel pipe manufacturer, has filed for an initial public offering on the Main Market to raise funds for expansion, including for the construction of a new plant and acquisition of an existing factory.

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OSK Holdings Bhd (KL:OSK) is expanding its cable manufacturing operations by acquiring the assets of Universal Cable (M) Bhd, currently under liquidation, for RM85 million.

OSK Holdings acquires Universal Cable's assets for RM85m to expand its cable manufacturing ops

International private healthcare company Columbia Asia Healthcare Sdn Bhd has rebranded to Asia OneHealthcare Sdn Bhd (A1Health) after consolidating its healthcare assets across Malaysia, Indonesia and Vietnam.

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The Biden administration plans to impose export controls on critical technologies including quantum computing and semiconductor goods, seeking to align key allies in a US-led push to thwart advancements in China and other adversarial nations.

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The earnings prospect for real estate investment trusts (REITs) in the second half of this year is expected to remain positive, due to the bright outlook for the retail industry and industrial segment in Malaysia, according to MIDF in a note on Friday.&nbsp;

MIDF positive on REITs' earnings prospects for 2H2024 amid bright retail, industrial outlook

IJM Land Bhd officially launched Phase 2 of Ridge View @ Puchong on Friday. This phase was soft-launched on June 29 and has been 70% taken up since then.

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IJM Land’s Phase 2 of Ridge View @ Puchong has 70% take-up

Malaysia racked up the largest hoard of foreign reserves in nearly three years by the end of August, according to the central bank.

BNM racks up biggest foreign reserves hoard since Dec 2021

KUALA LUMPUR (Sept 6): Permodalan Negeri Selangor Bhd (PNSB) and Gagasan Nadi Cergas (KL:NADIBHD) has announced the commencement of construction for its Rumah Idaman Amani in Shah Alam. The project has a gross development value (GDV) of RM286 million.

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(Sept 6):&nbsp;Standard Chartered Plc reshuffled some key roles in technology and operations, after the departure of a senior executive at the Asia-focused lender.

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The government has obtained a final landmark victory at the Supreme Court of the Netherlands on Friday, which ruled in favour of Malaysia and dismissed the appeal filed by the Sulu claimants, according to Minister in the Prime Minister's Department (Law and Institutional Reform) Azalina Othman Said.

Dutch court sides with Malaysia, ends Sulu heirs’ claims against country — Azalina

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

China handed a nine-year prison term to a Taiwanese political activist convicted of “separatism”, a rare sentence that prompted Taiwan to warn its people about the dangers of travelling across the strait.

China jails Taiwanese person on separatism charge for first time

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China should explain widening discrepancies in its balance of payments data that are obscuring growing global imbalances, a top US economist said.

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MyEG Services Bhd said it has teamed up with an agency of China's customs in a bid to secure the Royal Malaysian Customs's “single window” project.

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Builder-cum-property developer Gadang Holdings Bhd (KL:GADANG) said its subsidiaries have been hit with a civil suit by their subcontractor, claiming for an amount of RM9.77 million in alleged outstanding payments for works done related to the Johor Bahru–Singapore Rapid Transit System (RTS) Link project.&nbsp;

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.