<div class=newsTextDataWrapInner>(Nov 19): Tengku Razaleigh fails to retain Gua Musang seat</div>
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(Nov 19): Tengku Razaleigh fails to retain Gua Musang seat
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Official: Tengku Razaleigh fails to retain Gua Musang seat

There is noticeable shift towards local fast-moving consumer goods amid prolonged boycott of international brands following the Israel-Gaza conflict, according to Hong Leong Investment Bank (HLIB).

HLIB: Consumer trends shift to local fast-moving consumer goods as boycotts persist

The International Construction Week (ICW) and Malaysia International Building and Construction Industry Exhibition (BuildXpo) 2024 successfully registered RM654.4 million in projected trade value this year, marking a 32% surge from RM494.3 million in 2023.

CIDB’s ICW & BuildXpo 2024 records RM654.4 mil in projected trade value

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) is expecting sales to grow in 2025, with the removal of China’s export tax rebates for aluminium products, and the upcoming implementation of the fifth iteration of Malaysia’s large scale solar programme (LSS5).

Winstar eyes sales growth amid China tax shift, LSS5 opportunities

The Malaysian Anti-Corruption Commission (MACC) has announced that no charges will be filed against any parties involved in the 1BestariNet project tender under the Ministry of Education (MOE).

No charges filed in 1BestariNet tender investigation, says MACC

(Dec 19): Bitcoin briefly sank below US$100,000 (RM450,441) as the US Federal Reserve’s cautious outlook for interest-rate cuts hurt speculative investments.

Bitcoin tests US$100,000 after Fed spurs worst drop since September

Companies that spent billions on poorly timed acquisitions in recent years are now offloading those assets at knockdown prices.
 
Alibaba Group Holding Ltd announced on Tuesday it’s going to sell Chinese department-store chain Intime to a local apparel group for US$1 billion (RM4.47 billion).

Companies that spent billions on M&A are now selling for peanuts

(Dec 19): Glencore Plc has emerged as an active buyer of spot oil cargoes from the Middle East this month, as the merchant starts procuring crude for the Bukom refinery in Singapore, according to traders.

Glencore boosts Middle East oil buying for Singapore Bukom plant

The government’s proposal to introduce a Diagnostic-Related Group (DRG) payment system to regulate private healthcare costs may face significant challenges and feasibility issues, according to Hong Leong Investment Bank (HLIB).

Govt's proposed DRG payment system may face challenges — HLIB

KUALA LUMPUR (Dec 19): Catcha Digital Bhd (KL:CATCHA) has announced its acquisition of a 70% stake in Tastefully Malaysia Sdn Bhd for RM7.6 million cash, to strengthen its position in the integrated digital and offline advertising space.

In a bourse filing on Thursday, Catcha Digital sa...

Catcha Digital acquires 70% stake in Tastefully to tap into consumer food expo sector

The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY) shook off a wobbly start to rise on its stock market debut on Thursday.

Indonesian arm of Mr DIY climbs on market debut

Datin Seri Rosmah Mansor has been granted a full acquittal in her RM7.1 million money-laundering and tax evasion case.&nbsp;

Rosmah acquitted in RM7.1m money-laundering and tax evasion case

The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY) shook off a wobbly start to rise on its stock market debut on Thursday.

Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) soared in early trade on Thursday, a day after YTL Power said the Malaysian Anti-Corruption Commission (MACC) has cleared the group of any wrongdoing in the 1BestariNet project.

YTL Corp, YTL Power soar in early trade after MACC clears subsidiary of wrongdoing in 1BestariNet project

Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the US Federal Reserve cautioned it would ease the pace of rate cuts in the coming year, while the Bank of Japan (BOJ) kept rates steady, as expected.

Asian stocks slide after Fed flags slower rate cuts, BOJ stands pat

NEW YORK (Dec 19) :&nbsp;Federal&nbsp;Reserve chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to&nbsp;stockpile&nbsp;large amounts of bitcoin.

Powell says Fed cannot hold bitcoin, not seeking to change that

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) rose 40% on its ACE Market trading debut on Thursday.

Winstar Capital rises 40% on ACE Market debut

Shares of Malaysian Resources Corporation Bhd (KL:MRCB) slipped to a four-month low in early trade after the group was said to have withdrawn from the Berjaya Group-led consortium vying for the Kuala Lumpur-Singapore high-speed rail (HSR) project.

MRCB slips to four-month low after group was said to have withdrawn from HSR-bidding consortium

KUALA LUMPUR (Dec 19): Datin Seri Rosmah Mansor has pronounced the court’s decision to acquit her of all 17 charges in her money-laundering and tax evasion case as “justice”.

Rosmah celebrates acquittal: ‘This is what I call justice’

High Court judge Wan Muhammad Amin Wan Yahya has taken over a civil suit against former prime minister Datuk Seri Najib Razak's wife, Datin Seri Rosmah Mansor, and a Singaporean woman, Shabnam Naraindas Daswani, involving the purchase of luxury goods using funds allegedly diverted from 1Malaysia Development Bhd (1MDB).

Third judge takes over 1MDB's US$346 mil suit against Rosmah and Singaporean woman

The costly truth about US government shutdowns: They don’t save taxpayers a dime.

Trump, Musk threaten government shutdown. Here’s what that costs

(Dec 19):&nbsp;A look at the day ahead in Asian markets.

Fed's 'hawkish cut' slams markets, BOJ up next

WASHINGTON (Dec 18):&nbsp;The US central bank lowered interest rates on Wednesday, but&nbsp;Federal Reserve chair Jerome Powell said more reductions in borrowing costs hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are beginning to reckon with the prospects for sweeping economic change under an incoming Trump administration.

Fed lowers rates but sees fewer cuts in 2025 due to stubbornly high inflation

(Dec&nbsp;19) :&nbsp;The Federal Reserve’s waning enthusiasm for rate cuts jarred US markets on Wednesday, sending stocks lower and pushing Treasury yields and the dollar sharply higher. It was the worst loss for the S&amp;P 500 on the day of a rate decision since 2001.

S&P 500 sees worst Fed day since 2001; yields up

(Dec 19):&nbsp;Global investors are looking to Southeast Asia for some shelter, as they brace for uncertainties surrounding Donald Trump’s trade policies, boosting prospects for the region’s stocks in the coming year.

Southeast Asian stocks to offer shelter amid Trump threat — analysts

BENGALURU (Dec 18): Micron Technology&nbsp;forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker's business.

Micron shares tumble as quarterly forecast signals sluggish consumer demand

(Dec&nbsp;19) :&nbsp;The US Federal Reserve did what markets expected on Wednesday. But that didn’t stop investors from dumping risk assets in droves.

Wall Street pros say fears of fewer Fed cuts sparking selloff

Property developer Mah Sing Group Bhd (KL:MAHSING) has acquired 5.99 acres of land in Taman Pelangi, Johor, from S P Setia Bhd (KL:SPSETIA) for RM156.8 million to develop a premium serviced apartment project.

Mah Sing acquires Johor land from S P Setia for RM157 mil

Analysts expect Scientex Bhd (KL:SCIENTX) to see better earnings from the property division moving forward, which will offset any shortfall and challenges at its packaging manufacturing segment.

Analysts expect Scientex's property division to see better earnings amid challenges at packaging segment

KUALA LUMPUR (Dec 19): Sekretariat Gerak Gempur Media Sosial Rakyat (SGGMSR), together with representatives from 20 non-governmental organisations (NGOs),&nbsp;lodged a police report on Wednesday (Dec 18) against Tun Dr Mahathir Mohamad regarding the Batu Puteh case.

NGO lodges police report against Tun M over Batu Puteh case

KUALA LUMPUR (Dec 19): Aluminium products maker Winstar Capital Bhd (KL:WINSTAR) is expecting sales to grow in 2025, with the removal of China’s export tax rebates for aluminium products, and the upcoming implementation of the fifth iteration of Malaysia’s large scale solar programme (LSS5).