<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 7): Pan Malaysia Corp Bhd is disposing of a 24,295 sq metre piece of leasehold land with buildings in Section 16, Shah Alam, for RM41 million.</p></div>

<div class=newsTextDataWrapInner><p>The chocolate and confectionery products group said it is selling the land, along with a single-storey warehouse and three-storey office building, to trading and freight transport firm Amazing Blitz Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Pan Malaysia, which acquired a 51% stake in fast food chain operator A&amp;W Malaysia Sdn Bhd in March, expects to record a net gain of RM20.33 million from the sale of the property.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The bulk or RM38.21 million of the gross proceeds from the disposal will be used for general working capital purposes, the group said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>Tan Sri Khoo Kay Peng is a controlling shareholder of Pan Malaysia, with an indirect interest of 61.07% as on Oct 3, according to the group's 2022 annual report.</p></div>

<div class=newsTextDataWrapInner><p>Malayan United Industries Bhd is its ultimate holding company, with a direct interest of 25.28% and an indirect interest of 35.79%.</p></div>

<div class=newsTextDataWrapInner><p>Pan Malaysia’s share price closed up 0.5 sen or 2.94% at 17.5 sen, giving the group a market capitalisation of RM135 million.</p></div>


Pan Malaysia Corp Bhd is disposing of a 24,295 sq metre piece of leasehold land with buildings in Section 16, Shah Alam, for RM41 million.

The chocolate and confectionery products group said it is selling the land, along with a single-storey warehouse and three-storey office building, to trading and freight transport firm Amazing Blitz Sdn Bhd.

Pan Malaysia to sell property in Shah Alam for RM41m  

Yenher Holdings Bhd (KL:YENHER) is now entering a multi-year growth phase that could potentially see the animal health products maker’s earnings double or triple in the coming years, said Hong Leong Investment Bank (HLIB).

Yenher's earnings may accelerate, HLIB flags in starting coverage

(Oct 8): The World Bank expects China’s growth to weaken further in 2025, even with a temporary boost from recent stimulus measures, putting extra strain on regional economies.

World Bank warns China’s slowdown may deepen, pressure East Asia

A total of 29 areas around the federal capital were set to experience unscheduled water supply disruptions beginning at 6am on Tuesday, due to emergency repairs on a burst pipe at Hub Pasar Seni here.

Unscheduled water disruption in 29 areas in KL following pipe burst

Global money market funds attracted large inflows in the week to Oct 2 as investor caution ahead of a key US payrolls report and heightened geopolitical tensions in the Middle East boosted demand for safer assets.

Global money market funds draw large inflows in the week to Oct 2

Chinese high-tech company ISVision (Hangzhou) Technology Co Ltd has expressed interest in entering the Malaysian market, Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa said.

Chinese high-tech company ISVision eyeing Malaysian market entry, says Zaliha

Indonesian state-controlled miner PT Aneka Tambang (Antam) has acquired a 30% stake worth US$102 million (RM437.35 million) in a smelter owned by a subsidiary of Chinese stainless steel giant Tsingshan Holding Group, the company said in an exchange filing.

Indonesian miner Antam buys 30% stake in Tsingshan's smelter

Mainland Chinese stocks returned from an extended break with a roaring start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's aggressive stimulus measures showed no signs of easing.

China reopens with a bang but fails to lift Asian stocks

China is "fully confident" of achieving its full-year economic and social development targets, chairman of the country's economic planner Zheng Shanjie said on Tuesday, adding that some of 2025's budget will be issued this year to support projects.

China 'fully confident' of achieving 2024 economic goals, NDRC chair says

TOKYO (Oct 8): Japan’s Nikkei share average fell on Tuesday and seemed set to snap a three-day winning run, weighed down by Wall Street’s weaker finish overnight and a stronger yen.

Japan’s Nikkei falls on Wall Street’s declines, stronger yen

Russian and Chinese navy warships have practiced anti-submarine missions in the northwestern Pacific Ocean as part of a joint patrol in the Asia-Pacific region, Russian news agencies reported on Tuesday.

Russian, Chinese ships conduct joint drills in Pacific, Russia's agencies report

<p>Emerging-market currencies declined for a fifth consecutive session on Monday as traders scaled back bets on another big interest-rate cut from the US Federal Reserve (Fed) amid signs of a resilient US economy.</p>


Emerging-market currency rout deepens as traders temper Fed bets; ringgit among worst performers

<p>For the first time since 2007, the deposit level in Malaysia’s foreign currency account (FCA) saw a significant drop in the month of August.</p>

<p>Based on Bank Negara Malaysia’s data, the deposits declined by RM11 billion to RM246 billion in that month. Prior to August, deposits in the FCA, ...

Alternative Views: Why the ringgit’s appreciation is losing its momentum for now

<p>Mainland Chinese stocks returned from an extended break with a&nbsp;roaring&nbsp;start on Tuesday, scaling multi-year highs as investor exuberance over Beijing's&nbsp;aggressive&nbsp;stimulus measures showed no signs of easing.</p>


<p>Automotive parts supplier KHPT Holdings Bhd (KL:KHB) made a strong debut on Tuesday&nbsp;on the ACE Market of Bursa Malaysia.</p>

<p>The group’s shares opened at 29 sen, marking a nine sen or 45% premium over its issue price of 20 sen per share, with an opening volume of 15 million shares traded at 9am.</p>


Automotive parts manufacturer KHPT opens 45% higher on ACE Market debut

<p>A selloff in some of the world’s largest technology companies dragged down stocks, extending a slide that was also driven by geopolitical angst and bets the US Federal Reserve (Fed) will opt for a smaller rate cut next month.</p>


US stocks hit by tech rout as war jitters lift oil

<p>A US&nbsp;judge on Monday ordered Alphabet's Google to overhaul its mobile app business to give Android users more options to download apps and to pay for transactions within them, following a jury verdict last year for <em>Fortnite</em>&nbsp;maker Epic Games.</p>


US judge orders Google to open up app store to competition

<p>KUALA LUMPUR (Oct 8): Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday as investors cheered the latest contracts win, while analysts stayed optimistic on the oil-and-gas services firm’s outlook.</p>


Dayang Enterprise shares climb as investors, analysts stay buoyant on outlook

<p>Selangor Dredging Bhd (KL:SDRED) has launched its latest lakeside&nbsp;landed residential development named Senai, located in Taman Putra Perdana, Puchong.</p>

<p>According to a press statement on Monday, the first phase of the development will offer 200 units of three-storey strata-titled landed homes that come in built-up sizes of 1,900 to 3,600 sq ft, with selling prices of over RM1 million. Further details of the upcoming phases are forthcoming.&nbsp;</p>


Selangor Dredging launches Senai landed homes in Puchong

<p>Chinese high-tech company ISVision (Hangzhou) Technology Co&nbsp;Ltd&nbsp;has expressed&nbsp;interest in entering the Malaysian market, Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa said.</p>


<p>China’s largest stimulus package in years has given commodities a shot in the arm. The reopening of mainland markets on Tuesday will provide a sense of whether the rally has room to run.</p>


Metals markets eye China reopening for stimulus rally cues

<p>The Pentagon has agreed with Lockheed Martin Corp on milestones the company can reach by year-end to earn some of a potential US$500 million (RM2.11 billion) payment withheld for F-35 jets lacking necessary hardware and software upgrades, according to the US programme manager.</p>


US deal on F-35s allows Lockheed to win back withheld payments

<p>Warren Buffett’s conglomerate has added another zero to its haul from a months-long selling spree of Bank of America Corp&nbsp;stock.</p>


Buffett’s Bank of America stock selling spree surpasses US$10b

<p>China&nbsp;is "fully confident" of achieving its full-year economic and social development targets,&nbsp;chairman of the country's economic planner Zheng Shanjie said on Tuesday, adding that some of 2025's budget will be issued this year to support projects.</p>


<p>A total of 29 areas around the federal&nbsp;capital were set to experience unscheduled water supply disruptions beginning at 6am on Tuesday, due to emergency repairs on a burst pipe at Hub Pasar Seni here.</p>


<p>Orange juice futures rose as Hurricane Milton approaches Florida, prompting evacuations and putting orange growers on alert.</p>

<p>Futures in New York gained as much as 3% in New York as the hurricane rapidly intensified in strength over the last 24 hours.</p>


Orange juice futures rise as Hurricane Milton nears landfall

<p>North Korean leader Kim Jong Un said his country will speed up steps toward becoming a military superpower with nuclear weapons and would not rule out using them if enemies attacked it, state media <em>KCNA </em>said on Tuesday.</p>


Kim Jong Un says will speed up North Korea's steps to become nuclear weapons superpower

<p>Boeing Co has started offering workers at a planemaking factory in South Carolina “education sessions” about the implications of joining a union, as a crippling strike at its sites in the Pacific Northwest puts the spotlight on the resurgence of organised labour in the US.&nbsp;</p>


Boeing starts union ‘education sessions’ as labour movement stirs

<p>A new <em>HBO </em>documentary about the creation of bitcoin has captivated the digital-asset community, with speculators creating dozens of memecoins in hopes of profiting off of the potential revelation of the identity of the original cryptocurrency’s inventor.&nbsp;</p>


Guesses about bitcoin creator’s identity stir up memecoin market

<p>Base salaries for regular workers in Japan grew at a record pace, providing a tailwind for Prime Minister Shigeru Ishiba as he prepares to lead his party in a general election later this month.</p>


Japan’s base salaries rise by record in positive sign for Ishiba

<p>Hong Kong banks borrowed the largest amount of short-term cash in almost five years from authorities, a move pointing to a sudden demand for liquidity.</p>

<p>The Hong Kong Monetary Authority — the city’s de facto central bank — loaned out HK$4.79 billion (US$617 million or RM2.64 billion) through its discount window on Monday, the most since December 2019, according to data compiled by <em>Bloomberg</em>. Lenders have tapped the facility six times in about a month, with the next largest amount HK$3.3 billion.</p>
