<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 17): Plastic products manufacturer Ralco Corp Bhd, which received an unusual market activity (UMA) query from Bursa Malaysia earlier today, said it is not aware of any reason that could explain the sharp rise in its share price.</p></div>

<div class=newsTextDataWrapInner><p>In response to Bursa UMA query, Ralco said it is not aware of any corporate development relating to the group’s business and affairs, rumour, report or any possible explanation that may account for the UMA.</p></div>

<div class=newsTextDataWrapInner><p>“The company will make the necessary announcement to Bursa Securities of any material information in compliance with paragraph 9.03 of the Main Market Listing Requirements of Bursa Securities on immediate disclosure obligations,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The query came after Ralco’s share price surged 34.75% or 24.5 sen to 95 sen, valuing the group at RM48.26 million. It saw some 3.83 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>Year to date, the counter has soared 280% from when it was trading at 25 sen apiece.</p></div>


Plastic products manufacturer Ralco Corp Bhd, which received an unusual market activity (UMA) query from Bursa Malaysia earlier today, said it is not aware of any reason that could explain the sharp rise in its share price.

In response to Bursa UMA query, Ralco said it is not aware of any corporate development relating to the group’s business and affairs, rumour, report or any possible explanation that may account for the UMA

Plastics products maker Ralco says not aware of any reason for the sudden surge in share price

New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.

New Zealand retail spending slows again, pointing to recession

A US agency that agreed to lend more than US$500 million (RM2.46 billion) to an Adani Group-backed port development in Sri Lanka said it’s still conducting due diligence on the project, following bribery allegations against the conglomerate’s billionaire founder and other top executives.

US development agency conducting due diligence on Adani’s Sri Lanka project

The Australian government on Monday will introduce legislation to implement production tax incentives for renewable hydrogen and critical minerals to help boost investment in the sector, which could play a major role in energy transition plans.

Australia to propose tax incentives for critical minerals

The engine of a Russian-made passenger plane caught fire after landing at southern Turkey's Antalya Airport on Sunday, the Turkish transport ministry said in a statement.

Russian-made plane engine catches fire after landing in Turkey's Antalya

Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.

Chinese exports to hit record this year before second Trump term

The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory.

US dollar falls as Treasury pick tempers Trump bets

Kenanga Investment Bank Bhd (Kenanga) continues to strengthen its dedication to combating fraud and promoting ethical conduct with the launch of its eighth annual Fraud Awareness Week (FAW). This initiative aligns with the United Nations Global Compact’s 10th Principle, underscoring the group’s steadfast commitment to integrity and its ongoing fight against corruption.

Kenanga Investment Bank highlights collective efforts against fraud

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

<p>The dollar fell and Bitcoin’s rally stalled as traders viewed Donald Trump’s pick of Scott Bessent for Treasury Secretary as a measured choice, tempering some of the more fevered bets spurred by the president-elect’s victory.</p>


<p>From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

<p>After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.</p>


Top Property Developers Awards judges’ comments

<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


On a transformation trajectory

<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>


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<p>When Tengku Datuk Ab Aziz Tengku Mahmud was appointed to lead the 40-acre mixed-use Merdeka 118 precinct development project in 2010, the new role came naturally to him following his years of experience in leading property divisions at various companies before that.</p>


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Taking a balanced approach

<p>City &amp; Country met up with Datuk Jeffrey Ng, a well-liked veteran in the real estate industry, at Wisma Rehda in Petaling Jaya for a photoshoot and interview, as Ng is a recipient of the Outstanding Contribution to the Real Estate Industry award at The Edge Malaysia Property Excellence Awards 2024.</p>


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<p>Giving back to his hometown was always a goal for Sunway Group founder and chairman Tan Sri Jeffrey Cheah, who is from a small town called Pusing in Perak. When he stumbled upon a former mining site in Ipoh in 1995, Cheah immediately envisioned creating something extraordinary out of the wasteland.</p>


Former tin mine now a thriving township

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Bits + Bytes: A Miscellany of Technology

<p>The engine of a Russian-made passenger plane caught fire after&nbsp;landing at&nbsp;southern Turkey's Antalya Airport on Sunday, the Turkish transport ministry said in a statement.</p>


<p>The season for gifting and being jolly is here again. Sometimes, finding the right present can be stressful, especially when there isn’t much time left to make your purchases. Here are some simple, trendy and functional techy Christmas gifts to get for your loved ones.</p>

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<p>New Zealand retail spending fell for a second straight quarter as high interest rates dented consumer sentiment, adding to signs the economy was in recession in the middle of the year.</p>
