<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 14): RHB Retail Research said MR DIY Group (M) Bhd is in the midst of a consolidation, and eyeing a technical breakout.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Thursday (July 14), the research house said the stock underwent a sharp correction but rebounded lately as selling pressure is tapering down.</p></div>

<div class=newsTextDataWrapInner><p>“If it breaks past the immediate resistance of RM2.10, a bullish bias should emerge.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“It should then travel towards RM2.18, followed by RM2.25.</p></div>

<div class=newsTextDataWrapInner><p>“On the flip side, breaching below the RM2.00 psychological support would indicate that the bears have regained the control, and traders should then expect the resumption of a downside correction,” it said.</p></div>


KUALA LUMPUR (July 14): RHB Retail Research said MR DIY Group (M) Bhd is in the midst of a consolidation, and eyeing a technical breakout.

In a trading stocks note on Thursday (July 14), the research house said the stock underwent a sharp correction but rebounded lately as selling press...

MR DIY in the midst of consolidation, says RHB Retail Research

China’s first polysilicon futures debuted on Thursday, as a new hedging tool for a market that has been contending with massive price volatility.

China debuts polysilicon futures trading in volatile market

Malaysia’s automotive sector will have to contend with weaker sales of non-national cars amid intensifying competition, while the industry grapples with easing backlog orders, RHB Investment Bank flagged.

Malaysia's auto sector to see intensifying competition among non-national brands, says RHB IB

Prime Minister Datuk Seri Anwar Ibrahim hopes initiatives to promote tourism products related to legendary sites, history, local legends and myths can be enhanced to attract tourists to the country.

Anwar wants tourism products to promote more local history, legends and legendary sites

Alibaba Group Holding Ltd agreed to merge its South Korean operations with E-Mart Inc’s e-commerce platform to better compete in the country’s fast-paced online retail sector.

Alibaba, E-Mart to create US$4 bil e-commerce JV in Korea

The World Bank raised on Thursday its forecast for China's economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year.

World Bank raises China's GDP forecast for 2024, 2025

A vessel carrying a sanctioned shipment of Russian liquefied natural gas (LNG) appears to be offloading the fuel into storage in the nation’s far east, having failed to find a buyer willing to circumvent US restrictions despite a four-month, across-the-world journey.

Sanctioned Russian LNG ship fails to find a buyer after four months

Most emerging Asian currencies weakened against a resilient dollar on Thursday while equities largely slipped in holiday-thinned trade, as investors focussed on the Federal Reserve's rate outlook.

Most Asian forex, stock markets trend lower in holiday-thinned trade

Japan's Nippon Steel said on Thursday it has extended the closing period for its US$15 billion (RM67.1 billion) purchase of US Steel, expressing confidence that the acquisition will protect and grow the American company.

Japan's Nippon Steel extends closing date for US Steel acquisition

Taiwan prosecutors have charged a former mayor of Taipei who heads a small opposition party with accepting T$17.1 million (US$522,392 or RM2.33 million) in bribes over a major property development in the capital and misuse of political donations.

Former Taipei mayor charged for bribery, misuse of political donations

The Bank of Thailand (BOT) expects inflation to stay within the 1% to 3% target range in the next two years, Governor Sethaput Suthiwartnarueput said, describing the band as appropriate and supportive of the nation’s growth potential.

Bank of Thailand sees inflation in 1% to 3% range through 2026

<p>Petronas Chemicals Group Bhd (KL:PCHEM) could be close to its turning point, and investors should take position in its stock ahead of a rebound in the industry, said Kenanga Investment Bank.</p>


Kenanga says Petronas Chemicals close to turning point, investors should take position ahead of rebound

<p>Yildiz Holding AS, the Turkish conglomerate behind Godiva chocolates and McVitie’s biscuits, will sell its marinas to focus on its core food and retail businesses.</p>


Godiva’s Turkish owner to sell marinas to focus on core business

<p>Southern Cable Group Bhd (KL:SCGBHD) has bagged a contract worth RM172.57 million to supply cables and conductors.</p>


Southern Cable gets RM173m supply contract

<p>The Penang government is granting a 100% exemption from quit rent and parcel rent penalty arrears to all land and parcel owners in the state who make payments for the two taxes from Jan 2 to Feb 28, 2025.</p>


Penang grants exemption from land, parcel tax penalty arrears from Jan 2 to Feb 28

<p>Shares of SNS Network Technology Bhd (KL:SNS) rose 14% in active trade on Thursday amid broader gains in the sector following the Christmas Eve rally of US technology stocks.</p>


SNS Network rises 14% in highly active trade

<p>Asia shares eased in holiday-thinned trade on Thursday, paring some of their gains from earlier in the week, while the dollar rose alongside US treasury yields.</p>


Dollar stays resilient, Asian shares wobble

<p>Azerbaijan Airlines suspended flights to two cities in southern Russia after a passenger plane heading in that direction was diverted across the Caspian Sea and crashed near the city of Aktau in Kazakhstan, killing dozens.</p>


Azerbaijan Airlines pauses flights to south Russia after deadly crash

<p>Honda Motor Co&nbsp;absorbing Nissan Motor Co could give the two struggling Japanese brands the scale they need to take on China’s BYD Co, sales figures released on Wednesday showed.</p>


Honda-Nissan deal may be key in fight against China’s BYD

<p>The Ministry of Energy Transition and Water Transformation (Petra) has announced that the Green Electricity Tariff (GET) programme will continue into 2025, maintaining current premium rates while introducing discounted long-term subscription packages to boost renewable energy adoption.</p>


Energy ministry: Current green electricity tariff rates retained, cheaper long-term packages introduced

<p>Oil steadied after an advance on Tuesday, with China’s stimulus measures and the outlook for US stockpiles in focus.</p>


Oil holds gains with China stimulus and US stockpiles in focus

<p>The South Korean won hit the weakest level since March 2009 in holiday-thinned trading amid the US dollar's continued rally. South Korean stocks fell, while the benchmark bond yield rose.</p>


South Korean won drops to lowest level since March 2009; stocks ease

<p>Tune Protect Group Bhd (KL:TUNEPRO), which mainly provides travel insurance, is expected to end 2024 with a small profit following a recent turnaround before a jump in 2025, said TA Securities.</p>


Tune Protect to end 2024 with small profit following 3Q turnaround — TA Securities

<p>Bursa Malaysia Bhd on Thursday issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd as it moves towards further digitisation in the issuance of securities account statements to depositors (CDS statements).</p>


Bursa Malaysia seeks feedback on depository rules for electronic CDS statements

<p>Selangor remained the top destination for investments so far this year, as the state drew in RM66.8 billion in approved investments.</p>


Selangor top destination for investments, draws in RM66.8b in January to September

<p>Fourteen members of the Syrian police were killed in an "ambush" by forces loyal to the ousted government in the Tartous countryside, the transitional administration said early on Thursday, as demonstrations and an overnight curfew elsewhere marked the most widespread unrest since Bashar al-Assad's removal more than two weeks ago.</p>


Unrest in Syria spreads as 14 Syrian police killed in ambush

<p>SP Manufacturing, an electronics manufacturing services company founded and headquartered in Singapore, has announced its expansion into Senai, Johor.&nbsp;</p>


S'pore-based SP Manufacturing expands into Johor with new facility, acquisition of Ideal Jacobs Corporation

<p>Japan Airlines (JAL) said on Thursday its systems returned to normal, with same-day ticket sales resuming, after a cyberattack delayed some domestic and international flights.</p>


JAL's systems back to normal after cyberattack delayed flights

<p>THE government has given its blessing to Malaysian Resources Corp Bhd (KL:MRCB) for the redevelopment of Kuala Lumpur Sentral (KL Sentral) as it was the master developer of the transport hub connecting the Keretapi Tanah Melayu Bhd (KTMB) train service, Light Rail Transit, KLIA Transit and Rapid ...

Cover Story: Why MRCB was the choice for KL Sentral redevelopment

<p>Alibaba Group Holding Ltd agreed to merge its South Korean operations with E-Mart Inc’s e-commerce platform to better compete in the country’s fast-paced online retail sector.</p>


<p>Taiwan prosecutors have charged a former mayor of Taipei who heads a small opposition party with accepting T$17.1 million (US$522,392 or RM2.33 million) in bribes over a major property development in the capital and misuse of political donations.</p>
