<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 9): The 1Malaysia People's Housing Project (PR1MA) will be built in Penang after it has been given a new name, said State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo.</p></div>

<div class=newsTextDataWrapInner><p><em>Bernama </em>reported that Jagdeep had proposed to Prime Minister Tun Dr Mahathir Mohamad for PR1MA be changed to Harapan Malaysia People's Housing.</p></div>

<div class=newsTextDataWrapInner><p>Three location have also been proposed for these projects and they are “Gelugor and Batu Feringhi on the island and Permatang Pauh on the mainland,” said Jagdeep.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>He also said that of the 999 PR1MA units of promised by the Barisan Nasional government, “not even a single unit was completed”, <em>Bernama </em>reported him as saying.</p></div>

<div class=newsTextDataWrapInner><p>Jagdeep also said that the Penang authorities would be putting in a proposal to build the 1Malaysia Civil Servants Housing (PPA1M) in the state as it did not have any PPA1M projects.</p></div>


KUALA LUMPUR (June 9): The 1Malaysia People's Housing Project (PR1MA) will be built in Penang after it has been given a new name, said State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo.

Bernama reported that Jagdeep had proposed to Prime Minister Tun...

PR1MA houses to be rebranded and built in Penang

Alibaba Group Holding Ltd is nearing a deal to sell its department store business to Youngor Fashion Co for around US$1 billion (RM4.45 billion), according to people familiar with the matter.

Alibaba close to selling Intime to Youngor Fashion for US$1 bil — Bloomberg

The shareholders of precision cleaning and surface treatment service provider MClean Technologies Bhd (KL:MCLEAN) have approved the company’s plan to diversify into plastic injection moulding and undertake a private placement.

MClean's shareholders approve firm's diversification into plastic moulding

The National Higher Education Fund Corp (PTPTN) expects dividends for its Simpan SSPN savings plan to increase in 2024, buoyed by improved investment performance and strategic fund management.

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(Dec 16): The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists.

While the US bank sees policymakers still delivering a 25 basis-point re...

Goldman Sachs economists see Fed skipping a rate cut in January

Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025.

Nasdaq tops NYSE in listings for sixth straight year as IPO optimism grows

KUALA LUMPUR (Dec 16): Proton's first electric vehicle (EV), the e.MAS 7, will be the official car for Malaysia's Asean Chairmanship in 2025, Prime Minister Datuk Seri Anwar Ibrahim unveiled on Monday.

He said Malaysia hopes to set an example in this region in promoting the development ...

e.MAS 7 to be Asean 2025 official car — Anwar

France’s new Prime Minister Francois Bayrou’s meeting with Marine Le Pen on Monday left the far-right leader “more positive” on his method, even if she said it wasn’t clear yet if the talks were useful.

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Chancellor Olaf Scholz will call on Germany's parliament on Monday to declare it has no confidence in him, taking the first formal step towards securing an early national election following his government's collapse.

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Thailand’s Prime Minister Paetongtarn Shinawatra departed for home on Monday after concluding a two-day official visit to Malaysia.

Paetongtarn, accompanied by her spouse Pidok Sooksawas, was given a red carpet send-off and a guard of honour by 28 officers and personnel from the First Battalion of the Royal Ranger Regiment (Ceremonial), under the command of Capt Muhammad Syafiq Najmi Mazlan.

Thai PM concludes two-day official visit to Malaysia

The decline in eurozone business activity eased this month as the bloc's dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday.

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<p>KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.</p>


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<p>YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.</p>


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<p>TopVision Eye Specialist Bhd (KL:TOPVISN) ended its first day of listing on the ACE Market on Monday with a 3% rise from its initial public offering (IPO) price of 33 sen.</p>


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<p>KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.</p>


Supermax climbs to three-year high on active trade 

<p>Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.</p>


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<p>DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.</p>


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<p>Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data.</p>


Markets wary of Fed rate plans, China retail disappoints

<p>KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;</p>


High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

<p>KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;</p>


IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

<p>The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.</p>


IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

<p>Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the local market as the country seeks to boost EV and hybrid EV use and gain a foothold in the global supply chain.</p>


Proton launches its first electric vehicle

<p>TRX City Sdn Bhd, master developer of the 70-acre Tun Razak Exchange (TRX), is going to build another office tower, which is expected to have a net lettable area (NLA) of 800,000 sq ft. The new building will be on Lot C7-10, which is adjacent to HSBC Malaysia’s headquarters, Menara IQ.</p>

<p>...

TRX City to build another office block, secures PwC as anchor tenant

<p>Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.</p>


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<p>KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;</p>


Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

<p>THE Home Ministry is believed to have awarded Datasonic Group Bhd (KL:DSONIC) a new five-year contract for the supply of Malaysian passports. This is the first contract renewal since November 2021, when the original contracts expired.</p>

<p>According to sources privy to the deve­lopment, the ...

Datasonic finally secures new contract for Malaysian passports, say sources

<p>China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.</p>


China's weak consumption drags on economy as Trump tariff threat looms

<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.</p>


Bitcoin surges above US$106,000 on strategic reserve hopes

<p>Offshore marine service provider Perdana Petroleum Bhd (KL:PERDANA) has secured a charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV.</p>


Perdana Petroleum secures anchor handling tug and supply vessel charter contract

<p>Indonesia’s largest party has officially expelled former president Joko Widodo after he spurned the party’s own candidate in February elections and backed Prabowo Subianto’s successful campaign to become leader of Southeast Asia’s biggest economy.</p>


Indonesia’s largest party expels Jokowi after he backed Prabowo

<p>Ningbo Deye Technology Co, a Chinese inverter producer, plans to invest up to US$150 million (RM667.5 million) in building a solar equipment manufacturing base in Malaysia.</p>
