<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 22): Permodalan Nasional Bhd (PNB)'s wholly-owned subsidiary Amanah Saham Nasional Bhd (ASNB) today announced an income distribution of 6.75 sen per unit with a bonus of 0.5 sen per unit for its flagship fund Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 2016.</p></div>

<div class=newsTextDataWrapInner><p>ASNB also declared an income distribution of 5 sen per unit for its first variable-price fund, Amanah Saham Nasional (ASN), for the same financial period.</p></div>

<div class=newsTextDataWrapInner><p>PNB said ASB's performance exceeded that of the Malaysian stock market FBM KLCI, which recorded a third consecutive year of negative decline — registering total shareholder return of -1.7% after taking into account dividend payments.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>ASB's 9 million unitholders will receive total income distribution of RM9.78 billion and a bonus distribution of RM500.4 million.</p></div>

<div class=newsTextDataWrapInner><p>"Going forward, although PNB expects that 2017 will be another uncertain year, PNB sees sufficient grounds for cautious optimism. With the implementation of its six-year Strategic Plan, PNB will continue to strive to deliver sustainable and competitive returns for its unitholders," said its group chairman Tan Sri Abdul Wahid Omar at the income distribution announcement today.</p></div>

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KUALA LUMPUR (Dec 22): Permodalan Nasional Bhd (PNB)'s wholly-owned subsidiary Amanah Saham Nasional Bhd (ASNB) today announced an income distribution of 6.75 sen per unit with a bonus of 0.5 sen per unit for its flagship fund Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 20...

PNB declares 6.75 sen income distribution a unit, 0.5 sen bonus a unit for flagship ASB

BIMB Securities sees a resilient property sector going into 2025, following an expected strong finish this year.

The house maintained its ‘overweight’ evaluation of the sector in a note on Tuesday, citing robust earnings and increasing affordability, thanks to government schemes.

BIMB expects robust property sector in 2025, maintains 'overweight' rating

WASHINGTON (Sept 2): US President Joe Biden said on Monday that Israeli Prime Minister Benjamin Netanyahu was not doing enough to secure a deal for the release of hostages held in Gaza by Hamas, and that the US was close to presenting a final proposal to negotiators working on a hostage and ceasefire agreement.

Biden says Netanyahu not doing enough to secure hostage deal

Asian stocks advanced on Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week.

Japanese and South Korean equities rose while those in Sydney fell. Chinese benchmarks fluctuated in opening trade. S&P 500 futures slipped ahead of Wall Street’s reopening later on Tuesday, following the Labor Day public holiday in the US.

Asian equities advance as yen steadies after drop

South Korea's famous kimchi is falling victim to climate change, with scientists, farmers and manufacturers saying the quality and quantity of the napa cabbage that is pickled to make the ubiquitous dish is suffering due to rising temperatures.

Kimchi no more? Climate change puts South Korea's beloved cabbage dish at risk

When Chinese President Xi Jinping welcomes African leaders to Beijing this week, he will be holding a smaller checkbook and will have a clearer sense of what China wants in exchange — bigger returns and fewer headaches.

Xi wants bigger returns, fewer headaches from African debt deals

Phillip Capital thinks Binastra can be a champagne supernova in the construction sector.

MORNING CALL: 3/9/24

Vice President Kamala Harris joined President Joe Biden in declaring that US Steel Corp should remain domestically owned and operated, the latest headwind to the proposed sale of the company to Japan-based Nippon Steel Corp.

Harris says US Steel should remain American owned and run

CapitaLand Investment Ltd will sell its stake in one of Singapore’s most high-end malls to a real estate investment trust (REIT) backed by the property company, as it seeks to reduce assets on the balance sheet.

Singapore’s CapitaLand to sell luxury ION Orchard mall to REIT it backs

A former political secretary to ex-home minister Datuk Seri Hamzah Zainudin will submit a representation to review three graft charges involving RM350,000 related to a maintenance and spare parts supply tender for the Royal Malaysian Police (PDRM).

Lawyer Md Yunos Shariff, who represents the accused, Sayed Amir Muzzakkir Al Sayed Mohamad, said that he will submit a representation to the Attorney General's Chambers later this month.

Hamzah's ex-political secretary to file representation on graft charges

Oil steadied as investors weighed disruptions to Libyan output against concerns over the outlook for China’s weakening economy.

West Texas Intermediate (WTI) was little changed from last Friday’s close near US$74 (RM323.18) a barrel following a holiday in the US. Brent settled below US$78. Libya’s state oil firm declared force majeure at the El-Feel field, with an escalating power struggle in the Opec member halving the nation’s output.

Oil steadies as Libya concerns vie with lacklustre China economy

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


DRB-Hicom, Binastra, Econpile, Pekat, FGV, Kenanga IB, Ocean Vantage, 99 Speed Mart

<p>Asian stocks advanced on Tuesday, led by Japanese equities, while the yen steadied after weakening against the dollar over the past week.</p>

<p>Japanese and South Korean equities rose while those in Sydney fell. Chinese benchmarks fluctuated in opening trade. S&amp;P 500 futures slipped ahead of Wall Street’s reopening later on Tuesday, following the Labor Day public holiday in the US.</p>


<p>Global equities hovered near record highs on Monday as investors prepared for what’s typically considered the most challenging month for stocks.</p>

<p>Europe’s Stoxx 600 index pared most losses from earlier in the session after closing at an all-time high last Friday. Volkswagen AG rose 1.3% after the automaker said it’s considering unprecedented&nbsp;factory closures&nbsp;in Germany, while Rightmove plc surged 27% in London on the back of takeover interest from Rupert Murdoch’s REA Group Ltd.</p>


World stocks hover as traders brace for September swings

<p>When Chinese President Xi Jinping welcomes African leaders to Beijing this week, he will be holding a smaller checkbook and will have a clearer sense of what China wants in exchange — bigger returns and fewer headaches.</p>


<p>CapitaLand Investment Ltd&nbsp;will sell its stake in one of Singapore’s most high-end malls to a real estate investment trust (REIT) backed by the property company, as it seeks to reduce assets on the balance sheet.</p>


<p>Sabah-based plantation group NPC Resources Bhd (KL:NPC) on Monday said it is selling its loss-making Indonesian oil palm unit PT Enggang Alam Sawita (EAS) for RM29.33 million.</p>


NPC Resources sells loss-making Indonesian unit for RM29m

<p>Vice President Kamala Harris joined President Joe Biden in declaring that US Steel Corp should remain domestically owned and operated, the latest headwind to the proposed sale of the company to Japan-based Nippon Steel Corp.</p>


<p>Far East Enterprises (Penang) or Far East Penang, a subsidiary of Far East Group, has agreed to sell its property located at Lot No 565, Seksyen 11W, Bandar George Town, Daerah Timor Laut in Penang for a purchase consideration of RM2.38 million.&nbsp;</p>


Far East Group subsidiary proposes property disposal for RM2.4 mil

<p>Dutch prosecutors called for significant prison sentences for two Pakistani nationals — a religious leader and a politician — for urging their followers to murder far-right lawmaker Geert Wilders.</p>


Dutch seeking prison term for Pakistanis who called for death of Wilders

<p>Labour’s assertions that Britain could have faced financial turmoil had Chancellor of the Exchequer Rachel Reeves not scrapped a fuel subsidy for pensioners are being challenged by market participants, with one dismissing the idea as “absolute nonsense”.</p>


Labour's claims about threat to pound met with investor skepticism

<p>Oil steadied as investors weighed disruptions to Libyan output against concerns over the outlook for China’s weakening economy.</p>

<p>West Texas Intermediate (WTI) was little changed from last Friday’s close near US$74 (RM323.18) a barrel following a holiday in the US. Brent settled below US$78. Libya’s state oil firm declared&nbsp;force majeure&nbsp;at the El-Feel field, with an escalating power struggle in the Opec member halving the nation’s output.</p>


<p>TotalEnergies SE will invest about US$444 million (RM1.92 billion) a new joint venture with Adani Green Energy Ltd to develop solar projects in India, expanding cooperation between the French energy giant and billionaire Gautam Adani’s conglomerate.</p>


TotalEnergies to invest US$444 mil in new JV with Adani Green

<p>BIMB Securities sees a resilient property sector going into 2025, following&nbsp;an expected strong finish this year.</p>

<p>The house maintained its ‘overweight’ evaluation of the sector in a note on Tuesday, citing robust earnings and increasing affordability, thanks to government schemes.</p>


<p>South Korea's famous kimchi is falling victim to climate change, with scientists, farmers and manufacturers saying the quality and quantity of the napa cabbage that is pickled to make the ubiquitous dish is suffering due to rising temperatures.</p>


<p>WASHINGTON (Sept 2): US President Joe Biden said on Monday that Israeli Prime Minister Benjamin Netanyahu was not doing enough to secure a deal for the release of hostages held in Gaza by Hamas, and that the US was close to presenting a final proposal to negotiators working on a hostage and ceasefire agreement.</p>
