<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

KUALA LUMPUR (Dec 12): Discussions on gas distribution in Sarawak between Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) have been settled, and the government is currently fine-tuning the details, parameters and implications of the move.

PM: Gas distribution between Petronas and Petros settled, govt fine-tuning details

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi remains acquitted in the foreign visa pass graft case.

Deputy public prosecutor (DPP) Datuk Yusaini Amer Abdul Karim informed a three-member bench, led by Datuk Che Mohd Ruzima Ghazali at the Court of Appeal, of the decision by the prosecution and attorney general to withdraw their appeal over a decision in 2022 to acquit Zahid.

Zahid stays acquitted in foreign visa pass graft case as prosecution drops appeal

The US stock market welcomed Donald Trump's victory in the 2024 presidential election, but turbulence may lie ahead if the president-elect makes good on his tariff threats.

Stocks cheered Trump's victory, but tariffs bring unknowns to 2025

Party City Holdco Inc is considering options including a sale or another potential bankruptcy, just over a year after it emerged from Chapter 11, according to people with knowledge of the matter.

Party City mulls second bankruptcy in two years as sales lag

KUALA LUMPUR (Dec 12): Analysts have maintained their outlook on Axiata Group Bhd (KL:AXIATA) following the recent merger between XL Axiata and Smartfren Telecom, suggesting that potential benefits may take time to materialise.

Analysts maintain outlook on Axiata, flags delayed benefits from XL-Smartfren merger

The US will raise import tariffs on Chinese solar wafers, polysilicon and some tungsten products from the beginning of next year, following a four-year review by the Biden administration.

US to increase tariffs on China’s wafers, polysilicon from 2025

Canada’s provincial premiers are helping to assemble a list of possible retaliatory measures if US President-elect Donald Trump follows through on a threat to apply 25% tariffs against all goods the US imports from its northern neighbour.

‘We can’t sit back’: Canada’s provincial premiers float retaliatory options against Trump

Bank of Japan (BOJ) officials see little cost to waiting before raising interest rates, while still being open to a hike next week, depending on data and market developments, according to people familiar with the matter.

BOJ said to see little cost to waiting for next rate hike

Global growth will slow in 2025, and offshore investors are set to cut the cash they send to emerging markets by nearly a quarter, as promised policies from incoming US President Donald Trump reverberate through global markets, a banking trade group said on Wednesday.

Foreign cash to emerging world to drop as tariffs threats loom — IIF

KUALA LUMPUR (Dec 12): Malaysia launched on Thursday a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development.

Malaysia launches National AI Office for policy, regulation

Surging coffee bean prices arising from a global shortage is impacting companies across the industry, including Power Root Bhd (KL:PWROOT), which has been diversifying its supplier base and raw materials, and is now looking at planting some of the coffee beans it needs, to mitigate the price pressures.

Power Root plans to plant own coffee beans amid surging prices

Shares of TMK Chemical Bhd (KL:TMK) rose 13% in their trading debut on Thursday, after the company's initial public offering (IPO) raised RM385 million on the back of strong investor&nbsp;demand.

TMK Chemical rises 13% in trading debut after RM385m Main Market IPO

Elon Musk, whose wealth has been turbocharged since US President-elect Donald Trump’s win last month, became the first person to reach US$400 billion (RM1.77 trillion) in net worth, the latest milestone for the world’s richest individual.

Musk’s net worth tops US$400b, a historic first

The reopening of the Danish embassy in Malaysia marks a pivotal milestone in the bilateral relations between the two nations, especially as Malaysia gears up to chair Asean in 2025, said Denmark’s Minister of Foreign Affairs, Lars Løkke Rasmussen.

Denmark reopens embassy in Malaysia, strengthening ties ahead of Asean chairmanship

Former prime minister Tun Dr Mahathir Mohamad made the decision to drop Malaysia's challenge over Batu Puteh unilaterally, three of his former Cabinet members said on Thursday.

Dr M decided to drop Batu Puteh challenge unilaterally, his former Cabinet members say

Asian stocks gained on Thursday, tracking Wall Street's tech-led rally overnight, after an as-expected reading of US&nbsp;consumer&nbsp;inflation&nbsp;cemented bets for a Federal Reserve (Fed) interest-rate cut next week.

Asian stocks rally on Fed cut bets; Aussie jumps on jobs data

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi remains acquitted in the foreign visa pass graft case.

Deputy public prosecutor (DPP) Datuk Yusaini Amer Abdul Karim informed a three-member bench, led by Datuk Che Mohd Ruzima Ghazali at the Court of Appeal, of the decision by the prosecution and attorney general to withdraw their appeal over a decision&nbsp;in 2022 to acquit Zahid.

WASHINGTON (Dec 11): US&nbsp;President-elect Donald Trump has invited Chinese President Xi Jinping to attend his inauguration next month, CBS News reported on Wednesday, citing multiple sources.

The invitation to the Jan&nbsp;20 inauguration in Washington occurred in early Nove...

Trump invites China’s Xi to attend inauguration, CBS News reports

Investors’ enthusiasm for US technology giants sent stocks higher on Wednesday, snapping a two-day slide after a benign inflation report cemented expectations that the Federal Reserve (Fed) will keep cutting interest rates. Treasuries ended the day lower.

Wall Street sends Big Tech to fresh highs post-CPI

The&nbsp;US&nbsp;Supreme&nbsp;Court&nbsp;dismissed on Wednesday an appeal by&nbsp;artificial intelligence (AI) chipmaker&nbsp;Nvidia seeking to&nbsp;avoid&nbsp;a&nbsp;securities&nbsp;fraud&nbsp;lawsuit&nbsp;by shareholders who accused the company of&nbsp;misleading investors&nbsp;about how much of its sales depended on the volatile cryptocurrency market.

US Supreme Court dismisses Nvidia's bid to avoid securities fraud suit

Malaysians under the age of 55 have withdrawn a total of RM11.6 billion from Account 3, also known as the Flexible Account,&nbsp;following the Employees Provident Fund (EPF) account restructuring in May.

EPF members withdrawn RM11.6b from Account 3 as of Nov 27, says Amir Hamzah

The Ministry of Plantation and Commodities is confident&nbsp;the increase in import tax implemented by India on the price of Malaysian palm oil is temporary.

Impact of increase in palm oil import tax by India is temporary, Dewan Rakyat told

KUALA LUMPUR (Dec 12): Malaysia&nbsp;launched on Thursday a national artificial intelligence (AI) office aimed at shaping policies and addressing regulatory issues, as it looks to establish itself as a regional hub for AI development.

Citi sees potential in Southeast Asia (SEA), where client activity at the bank is up double digits across its Asean trade corridors with other markets, The Business Times&nbsp;reported&nbsp;on Thursday, citing Jason Rekate, a co-head of corporate banking at the US bank.

Citi sees SEA as target to diversify client supply chains, including M'sia for industrial parks

SEOUL (Dec 12): South Korean President Yoon Suk Yeol&nbsp;on Thursday lashed&nbsp;out at his political opponents as "anti-state forces", said North Korea&nbsp;has&nbsp;hacked the country's elections, and defended&nbsp;his&nbsp;short-lived martial law order as a legal move to protect democracy.

South Korean President Yoon vows to ‘fight to the end’

The government is always proactive in dealing with the issue of the shadow economy through methods of increasing tax compliance, curbing revenue leakage, and increasing the public's trust in the country's taxation system.

Govt proactive in addressing shadow economy issues, tax compliance rate level and curbing revenue leakage, says Hui Ying

The direction of the development of the franchise industry, the distribution of aid to flood-affected farmers, and the status of the establishment of the Malaysian Ombudsman&nbsp;are among topics that will be discussed on the last day of the Dewan Rakyat sitting&nbsp;on Thursday.

Franchise industry direction, Malaysian Ombudsman status in focus on last day of current Dewan Rakyat sitting

Kelantan has fully recovered from the floods on Wednesday night, while in Terengganu, the number of evacuees continued to drop.

In Kelantan, Gua Musang Social Welfare officer Bun Tham Eh Gin said the last relief centre (PPS) at Sekolah Kebangsaan (SK) Limau Kasturi 1, which housed 41 people, was closed at 5pm, indicating that the state has fully recovered from the second wave of floods that struck on Monday.

Kelantan recovers fully from floods, Terengganu sees decline in victims

Australia’s record-breaking stock rally is poised to extend as signs of more policy support emerge and investors look for markets largely shielded from geopolitical tensions.

The benchmark S&amp;P/ASX 200 Index has climbed 10% so far this year to 8,354, hovering near a record last week.

Australian stocks momentum fuelled by haven seekers, fiscal spend

KUALA LUMPUR (Dec 12): Analysts have maintained their outlook on Axiata Group Bhd (KL:AXIATA) following the recent merger between XL Axiata and Smartfren Telecom, suggesting that potential benefits may take time to materialise.