<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 20): Pentamaster Corp Bhd rose as much 4.30% this morning following several boardroom changes it announced Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>At 9.25am, Pentamaster was up 3.91% or 10 sen to RM2.66 with 1.66 million shares traded. The stock had earlier risen to a high of RM2.69.</p></div>

<div class=newsTextDataWrapInner><p>The company has redesignated its executive chairman Chuah Choon Bin to non-executive chairman, while its independent and non-executive director Sim Seng Loong, 50, and executive director Gan Pei Joo, 41, have both resigned.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company explained that the resignations are due to the board's restructuring in preparation for the proposed listing of the company's automated solution business through Pentamaster International Ltd on the Main Board of the Stock Exchange of Hong Kong Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Lee Kean Cheong, an independent and non-executive director of Teo Guan Lee Corp Bhd and Petrol One Resources Bhd, has been appointed as Pentamaster’s independent and non-executive director.</p></div>


KUALA LUMPUR (Dec 20): Pentamaster Corp Bhd rose as much 4.30% this morning following several boardroom changes it announced Tuesday.

At 9.25am, Pentamaster was up 3.91% or 10 sen to RM2.66 with 1.66 million shares traded. The stock had earlier risen to a high of RM2.69.

The c...

Pentamaster up 4.30% following boardroom changes 

Indonesia's incoming president, Prabowo Subianto, has asked current finance minister Sri Mulyani Indrawati to remain in her post under his presidency, with a focus on strengthening state finances, the minister said on Monday.

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Property developer Kuchai Development Bhd (KL:KUCHAI) announced that it has become a cash company following the completion of its disposal of assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN).

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The S&P 500 and Nasdaq rose on Monday, with the benchmark index touching an intraday record high as investors geared up for a week packed with corporate earnings and crucial economic data that will likely test stretched stock market valuations.

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Fajarbaru Builder Group Bhd (KL:FAJAR) said on Monday that it will pay Penang Development Corp (PDC) RM111.45 million to undertake a joint development of a medical city and mixed development hub in Bandar Cassia, Batu Kawan.

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The Investment, Trade and Industry Ministry (Miti) and the Malaysian Investment Development Authority (Mida) are supervising investments of RM17.9 billion from China approved in the manufacturing sector from 2023 to the first half of 2024.

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Malaysia recorded a total of 16.45 million international tourist arrivals as of August 2024, achieving over 60% of its full-year target of 27.3 million international tourists.

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Property developer Tanco Holdings Bhd (KL:TANCO) said it is forming an 80:20 joint venture  with Menteri Besar Negeri Sembilan (Inc) (MBINS) to develop an industrial park in Port Dickson.

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The Melaka state government is committed to positioning the state as a leading hub for electric vehicle (EV) production in Malaysia, in line with Sustainable Development Goal 13 (SDG13), which emphasises urgent action to combat climate change and its impacts.

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British Prime Minister Keir Starmer promised on Monday to scrap regulation that holds back economic growth as he hosted some of the world's biggest businesses at a conference designed to woo international investors.

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Mr DIY Group (M) Bhd's (KL:MRDIY) largest shareholder, Bee Family Ltd, offloaded 71.7 million shares, representing a 0.76% stake in the home improvement retailer, for a total of RM149.37 million.

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<p>Genting Malaysia Bhd (KL:GENM) said its unit in the US has been named in a complaint filed by RAV Bahamas Ltd in the US District Court Southern District of Florida.</p>

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<p>Earlier in the year, I had a happy opportunity to take a quick holiday to sunny southern Thailand. Up until then, I had only ever holidayed in Bangkok and a few islands on the east and west coast, and, owing to ongoing separatist issues in the south and occasional news reports about violence ther...

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<p>The Singapore government will block a proposed S$2.2 billion (US$1.7 billion or RM7.3 billion) deal by Allianz SE to buy a majority stake in a homegrown insurance firm, three months after the transaction sparked a public backlash.</p>


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<p>KUALA LUMPUR (Oct 14): Fibromat Bhd, which provides geotechnical services and makes erosion-control products, has filed for an initial public offering (IPO) as part of its listing transfer to the Ace Market of Bursa Malaysia, from the Leap Market.</p>


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<p>Mr DIY Group (M) Bhd's (KL:MRDIY) largest shareholder, Bee Family Ltd, offloaded 71.7 million shares, representing a 0.76% stake in the home improvement retailer, for a total of RM149.37 million.</p>


<p>KUALA LUMPUR (Oct 14): Minister of Economy Rafizi Ramli said Malaysia’s better-than-expected economic growth and the strengthening of the ringgit has given more flexibility for the government to achieve its fiscal consolidation targets, which may delay the implementation of RON95 subsidy rationalisation.</p>


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<p>KUALA LUMPUR (Oct 14): Sorento Capital Bhd, a bathroom and kitchenware firm, could be worth 13.5% more than its initial public offering (IPO) price, driven by strong revenue and profit growth, said TA securities.</p>


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<p>Hiap Teck Venture Bhd (KL:HIAPTEK) is expected to face continued earnings challenges in the near term due to weak steel prices and high steel input costs, said Hong Leong Investment Bank (HLIB).</p>


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<p>The federal government suffered a loss of RM112.53 million on&nbsp;the disposal of Astronautic Technology (M) Sdn Bhd shares, where the nominal value of shares worth RM112.58 million was sold for RM50,000.</p>


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<p>KUALA LUMPUR (Oct 14): The lawyer for Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, has on Monday asked the authorities to investigate former chief inspector Azilah Hadri’s additional affidavit that contains his statutory declaration (SD) that was not rebutted by the prosecution and was accepted by the Federal Court last Thursday (Oct 10).</p>


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<p>The Malaysian Anti-Corruption Commission (MACC) discovered two safe houses and confiscated RM321,000 in foreign and local currencies in its investigation of a case involving Menteri Besar Selangor Incorporated (MBI).</p>


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<p>The government spent more than budgeted for the implementation of the 12th Malaysia Plan (12MP) projects from 2021 to 2023, according to the auditor general.</p>


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<p>In what appeared to be a tit-for-tat legal action, Tun Dr Mahathir Mohamad said that he initiated a lawsuit against Datuk Seri Dr Ahmad Zahid Hamidi for commenting on his Indian ancestry because the deputy prime minister had sued him first.</p>

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<blockquote class="blockquote">WE continue with our story last week on returns generated by super big-cap stocks (with market capitalisation of above RM10 billion) since September 1998. We also look at the big caps — those with a market cap of between RM 1 billion and RM10 billion. The top 20 of the...

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<p>SELANGOR Properties Sdn Bhd’s (SPB) prime Jalan Semantan land has been sold to BRDB Developments Sdn Bhd (BRDB), according to an industry source.</p>

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