<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 11): PUC Bhd, formerly known as PUC Founder (MSC) Bhd, said its business expansion into e-payments and related businesses will "contribute positively" to its revenue and earnings in the future.</p></div>

<div class=newsTextDataWrapInner><p>It said this in a Bursa Malaysia filing today, following its announcement on Thursday (Sept 7) that its wholly-owned unit EPP Solution Sdn Bhd has secured a licence from the central bank to issue e-money via mobile applications.</p></div>

<div class=newsTextDataWrapInner><p>The licence was issued by BNM under Section 11 of the Financial Services Act 2013, which will enable PUC to issue the digital money in a“large scheme”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>With the e-money approval, PUC is joining 29 other firms licensed by BNM to operate the digital money services.</p></div>

<div class=newsTextDataWrapInner><p>PUC added today that the approval will not have any material immediate effect on its earnings per share, net assets per share and gearing.</p></div>

<div class=newsTextDataWrapInner><p>PUC is the first China government-linked company to be listed on the ACE Market since April 2002.</p></div>

<div class=newsTextDataWrapInner><p>At 3.27pm, shares in PUC rose 0.5 sen or 3.57% to trade at 14.5 sen, valuing it at a market capitalisation of RM180.17 million.</p></div>


KUALA LUMPUR (Sept 11): PUC Bhd, formerly known as PUC Founder (MSC) Bhd, said its business expansion into e-payments and related businesses will "contribute positively" to its revenue and earnings in the future.

It said this in a Bursa Malaysia filing today, following its announcement ...

PUC: E-payment expansion to 'contribute positively' to future earnings

China and Hong Kong stocks fell on Wednesday after US President Donald Trump hinted at new tariffs on Chinese imports, ending a brief reprieve for the markets.

China and Hong Kong stocks tumble on Trump's tariff threats

(Jan 22): Sweden’s Truecaller AB, the developer of a caller ID and spam-blocking app, is deploying technology to counter the growing number of criminals using artificial intelligence (AI)-generated voice cloning to defraud phone users.

Swedish spam blocker Truecaller takes on AI voice clones

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI up 0.46% to 1,587.8 on Jan 22, 2025

Taiwan's Ministry of Digital Affairs said on Wednesday that undersea cables to the Matsu Islands, which lie close to the coast of China, were disconnected due to "natural deterioration" and back-up communications were activated.

Government officials said the two cables connecting Matsu with the main Taiwan island were completely disconnected earlier on Wednesday and were expected to be restored before the end of February.

Taiwan activates back-up communication for Matsu Islands after undersea cables malfunctioned

South Korea's birthrate is set to show a rise in 2024 for the first time in nine years, following a rebound in marriages that were delayed due to the Covid-19 pandemic.

South Korea's birthrate set to rise for the first time in nine years

Indonesia will exempt oil and gas exporters from its new rule that all proceeds from natural resource exports be kept onshore for a year, as companies urge adjustments to the rule out of concern over its impact on their cashflows.

Indonesia to exempt oil and gas sector from new FX retention rule

The public portion of ACE Market-bound Northern Solar Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 73.2 times.

Northern Solar's IPO oversubscribed by 73.2 times

TechStore Bhd, an enterprise information technology (IT) services provider set to make its debut on the ACE Market of Bursa Malaysia on Feb 18, intends to collaborate with industry players as part of its strategy to secure larger and more complex projects.

ACE Market-bound TechStore eyes larger projects, seeks industry collaborations

Former prime minister Datuk Seri Najib Razak claimed that he was being prosecuted for "being transparent" on how he spent the purported donation from the Middle East.

The now-imprisoned 71-year-old, said that he could have easily utilised the donation monies in the form of cash but did not do so and specifically used cheques because he knew it would be documented.

1MDB-Tanore trial: Najib denies abusing funds, says used cheques to be 'transparent'

(Jan 22): This year’s 30% artificial intelligence (AI)-driven rally in shares of South Korea’s SK Hynix Inc faces threats as political issues and valuations push local investors towards domestic-focused companies.

SK Hynix’s 30% gain this year under pressure from Trump trades

<p>Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told <em>The Edge.</em></p>

<p>Maybank Investment Bank Bhd and AmInvestment Bank Bhd are said to be the front-runners as principal advisers for the IPO of Sunway Healthcare Group, the sources said.</p>


Sunway shortlists bankers for healthcare unit's IPO 

<p>Malaysia's currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a central bank policy decision, while a gauge of emerging Asian equities reversed course weighed by China on US tariff plans.</p>


Ringgit extends gains as BNM holds rates; China stocks drag 

<p>MIDF Research said&nbsp;the recent selldown of data centre-linked construction stocks&nbsp;may have been overdone as it sees the US’ AI chip export restrictions having minimal impact on data centre operations here.</p>

<p>In a note, MIDF Research said this prompted&nbsp;its upgrade on&nbsp;Sunway Construction Group Berhad (KL:SUNCON) to a “buy”, from “neutral”.</p>


MIDF says selldown on data centre-related stocks overdone, upgrades SunCon

<p>KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.</p>


CIMB Securities: Malaysian property market now showing signs of improvement that will lift banking stocks

<p>(Jan 22): US&nbsp;President Donald&nbsp;Trump&nbsp;on Tuesday announced&nbsp;a&nbsp;private&nbsp;sector&nbsp;investment&nbsp;of up to US$500&nbsp;billion (RM2.23 trillion) to fund&nbsp;infrastructure&nbsp;for artificial intelligence (AI),&nbsp;aiming to outpace rival nations in the business-critical technology.</p>


Trump announces private-sector US$500 bil investment in AI infrastructure

<p>Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB), belonging to the company.</p>


FashionValet founders claim trial to alternative charges of fund misappropriation

<p>KUALA LUMPUR (Jan 22): TechStore Bhd, which provides hardware and software to businesses, has fixed its initial public offering (IPO) price at 20 sen per share ahead of its listing on the ACE Market of Bursa Malaysia.</p>


Enterprise hardware and software firm TechStore sets IPO price at 20 sen

<p>US President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the US via Mexico and Canada.</p>


Trump stirs tariff pot with fresh threats on EU, Feb 1 China deadline

<p>President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.</p>


Trump says he’s open to Elon Musk or Larry Ellison purchasing TikTok

<p>Analysts are positive on Sunway Real Estate Investment Trust’s (KL:SUNREIT) acquisition of AEON Mall Seri Manjung in Perak, prompting revisions of their earnings forecasts.</p>


Analysts raise Sunway REIT earnings forecasts after AEON Mall acquisition in Perak

<p>SRC International Sdn Bhd’s former director Datuk Suboh Md Yasin told the High Court on Wednesday that he signed four blank cheques that led to RM19.5 million going to Umno and Umno Selangor.</p>


Former SRC director says he signed blank cheques, didn’t know payments were to Umno

<p>KUALA LUMPUR (Jan 22): Bank Negara Malaysia (BNM) on Wednesday kept the benchmark interest rate unchanged as widely expected, comfortable with its outlook for sustained economic growth and manageable inflation.</p>


BNM keeps OPR steady, takes comfort in sustained growth

<p>Global stocks rose on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.</p>


Stocks get tech boost, tariff uncertainty weighs on dollar 

<p>Arina, Sime Darby Property Bhd’s (KL:SIMEPROP) first single-storey linked homes in Bandar Ainsdale, achieved full take-up of all 118 units within hours of its launch on Saturday, Jan 18.</p>


Sime Darby Property’s Arina single-storey homes in Bandar Ainsdale fully taken up within hours of launch

<p>Indonesia's antitrust agency on Tuesday ordered Google to pay fines about 202 billion rupiah (US$12.4 million or RM55.3 million) for unfair business practices related to its payment system services for Google Play Store, its software distribution platform.</p>


Indonesia fines Google US$12.4m for unfair business practices

<p>Datuk Seri Najib Razak denies seeking royalties from the Middle East to help stepson Riza Aziz over his alleged entanglement with 1Malaysia Development Bhd (1MDB) funds, the court heard on Wednesday.</p>


Najib says stepson was already servicing loan from Emerati prince, phone call only to formalise agreement

<p>DAVOS, Switzerland (Jan 21): Prime Minister Datuk Seri Anwar Ibrahim said digitalisation is a "missing component" in all of Malaysia's previous free trade agreements (FTAs).</p>


PM: Malaysia seeks to upgrade its free trade agreements to cover digitalisation

<p>Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.</p>


Trump pushes to make US an AI superpower, with fewer guardrails 

<p>President Donald Trump faces a host of headwinds that could thwart his ability to generate a boom for the US economy, according to Harvard University professor Ken Rogoff.</p>


Trump’s plan to trigger boom risks coming undone, Rogoff warns

<p>Inflation in Malaysia eased slightly and was marginally slower than expected in December as prices of non-food items and services rose at a more moderate pace, official data released on Wednesday showed.</p>
