<div class=newsTextDataWrapInner>SINGAPORE (Nov 12): Raffles Education Corporation (REC) has reported a loss of S$9.6 million for the first quarter ended Sept 30, 2021 (1QFY22), deepening into the red from the S$1.6 million loss it registered in the same period a year ago.</div>

<div class=newsTextDataWrapInner>Loss per share stood at 69 (Singaporean) cents in 1QFY22, from the 12 cents a year ago.</div>

<div class=newsTextDataWrapInner>Revenue, however, increased 10% y-o-y to S$23.3 million. This was mainly due to higher revenue from colleges in<a href="https://www.theedgesingapore.com/capital/results/raffles-education-reports-96-mil-loss-1qfy22-update" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Nov 12): Raffles Education Corporation (REC) has reported a loss of S$9.6 million for the first quarter ended Sept 30, 2021 (1QFY22), deepening into the red from the S$1.6 million loss it registered in the same period a year ago.

Raffles Education reports S$9.6 mil loss in 1QFY22 update

CAIRO (Oct 27): Israeli military strikes killed at least 45 Palestinians across the Gaza Strip on Sunday, most of them in the north of the enclave, Palestinian health officials said, as efforts to secure a ceasefire in the more than year-long war resumed in Qatar.

Israeli strikes kill dozens in north Gaza, medics say, as ceasefire talks resume

SEOUL (Oct 27): South Korea is experiencing minimal economic impact following Israel's retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volatility increases, President Yoon Suk Yeol's office said on Sunday.

South Korea says it may consider additional oil tax cut

NEW DELHI (Oct 27): Indian food delivery giant Swiggy has slashed its initial public offering (IPO) valuation again, to US$11.3 billion (RM49.04 billion), 25% below the initial goal of US$15 billion, as market volatility and the lacklustre debut of Hyundai India weigh on sentiment, two sources said on Sunday.

Swiggy cuts IPO valuation again, to US$11.3b, BlackRock and CPPIB to invest — Reuters

JOHOR BAHRU (Oct 27): Prime Minister Datuk Seri Anwar Ibrahim is expected to launch the National Artificial Intelligence Office (NAIO) in Kuala Lumpur on Dec 12 this year.

Gobind: PM expected to launch National AI Office on Dec 12 this year

KUALA KANGSAR (Oct 27): Malaysia’s application to become a BRICS partner has received strong and solid support from all BRICS members, including Russia, China and India, during a meeting of the eight founding members of the bloc.

PM: Malaysia’s application to join BRICS gets solid support from bloc members including India, China

TEMERLOH (Oct 27): Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi said the appointment of Datuk Seri Dr Wee Ka Siong as the investment advisor for the Chinese community in Malaysia does not affect Wee's image or position as MCA president.

Ahmad Zahid: Wee’s position as MCA president won’t be affected by appointment as investment advisor

(Oct 27): Saudi Aramco’s venture arm has earmarked US$100 million (RM434.02 million) to invest in artificial intelligence (AI) start-ups, as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI.

Aramco’s venture arm allocates US$100m for AI investments

(Oct 27): Alphabet Inc’s Google plans to preview artificial intelligence (AI) technology that takes over a web browser to complete tasks such as research and shopping, the Information reported.

Google to preview AI that takes over PCs, the Information says

IPOH (Oct 27): The opposition and the coalition of non-governmental organisations (NGOs) Teluk Intan did not notify the police about a rally held at Dataran Menara Condong on Saturday (Oct 26) night, said Perak police chief Datuk Azizi Mat Aris.

NGOs, opposition didn't notify cops about Teluk Intan rally — Perak police chief

KUALA LUMPUR (Oct 27): Alliance Bank Malaysia Bhd anticipates “solid growth” in Malaysia’s economy for 2025, as it sees Budget 2025 stimulating additional investments.

Alliance Bank sees ‘solid growth’ in Malaysia’s economy as Budget 2025 fuels investments

KUALA TERENGGANU (Oct 27): The High Court here dismissed on Sunday, the preliminary objection by the prosecution to strike out Sarawak Report editor Clare Rewcastle Brown’s appeal over her conviction and two-year&nbsp;jail sentence for criminal defamation of Terengganu Sultanah Nur Zahirah in her book titled “The Sarawak Report — The Inside Story of the 1MDB Expose”.

High Court dismisses prosecution’s appeal, allows Rewcastle Brown's defamation appeal to be heard on its merits

SINGAPORE/LONDON (Oct 27): Oil prices are expected to fall when trading resumes on Monday, as Israel's retaliatory strike on Iran over the weekend bypassed Tehran's oil and nuclear infrastructure and did not disrupt energy supplies, analysts said.

Oil prices likely to fall after Israel shows restraint in strikes on Iran

The logistics warehousing sector has seen a growth spurt thanks to the opening up of the economy after the enforced lockdowns during the pandemic years. There are concerns about oversupply but are they warranted?

Keeping the supply chain going

DUBAI/JERUSALEM/CAIRO (Oct 26): Iran on Saturday played down Israel's overnight air attack against Iranian military targets, saying it caused only limited damage, as US&nbsp;President Joe Biden called for a halt to escalation that has raised fears of an all-out conflagration in the Middle East.

Iran plays down Israel's strikes, says they caused 'limited damage'

Time is the great equaliser. Anne-Laure Pressat, an executive director of esteemed cognac line Louis XIII, knows this well. Crafted over a century, each bottle is the product of a 150-year legacy, commemorating generations who dedicated their lives to the maison. For Pressant, who has enjoyed 12 years with the Rémy Cointreau group, every day is carried out with the next 100 years in mind — and the future she imagines is bright. At The Chamber in The Starhill here, Pressat talks about her most memorable moments with the King of Cognacs, the key to creating a brand that stands the test of time and honouring those who live on with us in spirit.&nbsp;

Captain of the cru

(Oct 27): Taiwan Semiconductor Manufacturing Co (TSMC) suspended shipments to China-based chip designer Sophgo&nbsp;after a chip it made was found on a Huawei AI processor, according to two people familiar with the matter.

TSMC suspends shipments to Chinese firm after chip found on Huawei processor — Reuters

TEMERLOH (Oct 27): Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi said the appointment of Datuk Seri Dr Wee Ka Siong as the investment advisor for the Chinese community in Malaysia does not affect Wee's image or position as MCA president.

KUALA KANGSAR (Oct 27): Malaysia’s application to become a BRICS partner has received strong and solid support from all BRICS members, including Russia, China and India, during a meeting of the eight founding members of the bloc.

WASHINGTON (Oct 26): The Washington Post reported on Saturday that South African-born billionaire businessman Elon Musk worked illegally in the United States during a brief period in the 1990s, while building a start-up company.

Washington Post reports Elon Musk briefly worked illegally in US in 1990s

KUALA LUMPUR (Oct 26): Majlis Amanah Rakyat (MARA) has filed a lawsuit against a Bumiputera company alleged to have misappropriated funds from a flight training programme that were supposed to be paid to an aviation academy in the Czech Republic.

MARA files lawsuit against firm for alleged misappropriation of pilot training funds

(Oct 27): Japan looks set for one of its closest national elections in years as voters go to the polls Sunday to decide whether to keep the scandal-tainted Liberal Democratic Party (LDP) in power.

Japan set for closest vote in years as LDP vies to stay in power

KUALA LUMPUR (Oct 27): Alliance Bank Malaysia Bhd anticipates “solid growth” in Malaysia’s economy for 2025, as it sees Budget 2025 stimulating additional investments.

IPOH (Oct 27): The opposition and the coalition of non-governmental organisations (NGOs) Teluk Intan did not notify the police about a rally held at Dataran Menara Condong on Saturday (Oct 26) night, said Perak police chief Datuk Azizi Mat Aris.

BEIJING (Oct 27): China's industrial profits plunged in September, extending their declines with the year's steepest monthly fall, official data showed on Sunday, as policymakers ramp up stimulus to revitalise economic growth.

China industrial profits fall 3.5% y-o-y in January-September

NOVI/KALAMAZOO, Michigan (Oct 26): Republican Donald Trump appealed to Muslim voters in Michigan on Saturday, as Michelle Obama made an impassioned plea on behalf of Kamala Harris at the Democrat's own rally in the battleground state.

Michelle Obama backs Harris in Michigan, where Trump courts Muslim vote

KLANG (Oct 26): Selangor has recorded RM2.218 billion in revenue collection as of this month, surpassing this year’s target of RM2.2 billion, said Menteri Besar Datuk Seri Amirudin Shari.

Selangor surpasses revenue collection target, says MB

JOHOR BAHRU (Oct 27): Prime Minister Datuk Seri Anwar Ibrahim is expected to launch the National Artificial Intelligence Office (NAIO) in Kuala Lumpur on Dec 12 this year.

(Oct 27): Alphabet Inc’s Google plans to preview artificial intelligence (AI) technology that takes over a web browser to complete tasks such as research and shopping, the Information reported.

(Oct 27):&nbsp;Saudi Aramco’s venture arm has earmarked US$100 million (RM434.02 million) to invest in artificial intelligence (AI) start-ups, as it looks to accelerate Saudi Arabia’s push to become a more competitive force in global AI.

TBILISI (Oct 26): Georgia's most powerful man won a parliamentary election on Saturday, according to early official results, a victory which opposition politicians refused to recognise, alleging "falsification".