<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on June 8, 2017 - June 14, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: RHB Islamic Bank Bhd will manage an RM11.5 million fund for the SME Micro Financing (IMProUD3) and Facilitation Fund (IMProUD1&amp;2) programmes by the Iskandar Regional Development Authority (IRDA).</p></div>

<div class=newsTextDataWrapInner><p>The fund is aimed at spurring growth of the local small and medium enterprise (SME) ecosystem in Johor.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a statement yesterday, RHB Islamic said it will be managing IRDA’s IMProUD3 and IMProUD1&amp;2 programmes for bumiputera entrepreneurs in Johor.</p></div>

<div class=newsTextDataWrapInner><p>Under the collaboration, the fund size of RM3 million will be apportioned for IMProUD3, while RM8.5 million will be allotted for the IMProUD1&amp;2 programme.</p></div>

<div class=newsTextDataWrapInner><p>“We support the government’s initiative to assist bumiputera companies and SMEs under the Economic Transformation Programme, and this collaboration is ideal as it enables RHB Islamic to reach out to more SME customers in the southern region,” said RHB Islamic managing director and chief executive officer Datuk Adissadikin Ali.</p></div>

<div class=newsTextDataWrapInner><p>“We are keen to continue working with organisations that support SMEs which would help stimulate the growth of their ecosystem,” he added.</p></div>


KUALA LUMPUR: RHB Islamic Bank Bhd will manage an RM11.5 million fund for the SME Micro Financing (IMProUD3) and Facilitation Fund (IMProUD1&2) programmes by the Iskandar Regional Development Authority (IRDA).

The fund is aimed at spurring growth of the local small and medium enterp...

RHB Islamic to manage RM11.5m fund for IRDA’s SME programmes

DAMASCUS/BENGALURU (Jan 5): The US is set to imminently announce an easing of restrictions on providing humanitarian aid and other basic services such as electricity to Syria, while still keeping its strict sanctions regime in place, according to people briefed on the matter.

US to ease aid restrictions for Syria while keeping sanctions in place, sources say

CBH Engineering Holdings Bhd (KL:CBHB) saw its initial public offering (IPO) of 94.05 million shares — available to the public at 28 sen apiece — oversubscribed by 34.21 times.

CBH Engineering’s IPO shares for public oversubscribed by 34 times

Despite being 1Malaysia Development Bhd's (1MDB) then chairman of the board of advisors (BOA), its sole shareholder and then prime minister Datuk Seri Najib Razak said that he never hired or fired anyone at the company.

1MDB-Tanore: Najib says merely 'formalised' board appointments, management had autonomy

SEOUL (Jan 6): South Korean investigators will seek an extension of a warrant to arrest impeached President Yoon Suk Yeol, as visiting US Secretary of State Antony Blinken reaffirmed confidence in the key Asian ally's handling of the political turmoil.

Blinken expresses confidence in South Korean democratic process as Yoon faces arrest

Umno president Datuk Seri Dr Ahmad Zahid Hamidi has appealed to the Yang di-Pertuan Agong to grant a full pardon to the jailed former prime minister Datuk Seri Najib Razak.

Zahid appeals to King for full pardon of Najib following court's decision allowing addendum appeal

DATUK Muhamad Umar Swift, CEO and executive director of Bursa Malaysia Bhd (KL:BURSA), is understood to be looking to leave the stock exchange operator and his position could be taken up by Datuk Fad’l Mohamed, who is currently managing director of group wholesale banking at RHB Bank Bhd (KL:RHBB...

Umar Swift could leave Bursa Malaysia, may be replaced by RHB’s Fad’l  

A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve out his prison term under house arrest.

Supporters turn up to Najib solidarity rally

PIE Industrial Bhd (KL:PIE) is seen as a major beneficiary of global supply chain shifts and technological trends, according to Maybank Investment Bank.

The house noted that as an EMS provider, PIE is poised to benefit from new sources of earnings growth.

Maybank initiates a 'buy' on PIE on trade diversion, data centre boom

A three-member Court of Appeal bench on Monday ruled to allow former prime minister Datuk Seri Najib Razak’s appeal, to have the merits of his challenge over the existence of an addendum, purportedly issued by the 16th Yang di-Pertuan Agong for him to serve the remainder of his jail sentence under house arrest, to be heard at the High Court.

Najib's addendum appeal allowed via majority decision, case reverted to High Court

KUALA LUMPUR (Jan 6): Shares of NationGate Holdings Bhd (KL:NATGATE) hit a fresh high on Monday, after gaining 23 sen or 9.1% at RM2.75, becoming the fifth biggest gainer on Bursa Malaysia.

NationGate hits new record high on first mover advantage, deliveries of AI GPU servers

<p>A three-member Court of Appeal bench on Monday ruled to allow former prime minister Datuk Seri Najib Razak’s appeal, to have the merits of his challenge over the existence of an addendum, purportedly issued by the 16th Yang di-Pertuan Agong for him to serve the remainder of his jail sentence under house arrest, to be heard at the High Court.</p>


<p>Cafe chain operator Oriental Kopi Holdings Bhd set its initial public offering (IPO) price at 44 sen apiece in a share sale that would raise RM183.96 million ahead of its listing on the ACE Market.</p>


ACE Market-bound Oriental Kopi to raise RM184 mil, sets IPO price at 44 sen

<p>A crowd rallied outside the Palace of Justice on Monday to support former prime minister Datuk Seri Najib Razak in his renewed bid to serve out his prison term under house arrest.</p>


<p>Pahang exco member Datuk Nizar Najib has produced a letter from the Royal Pahang Household, purportedly verifying the existence of the Jan 29, 2024, addendum that allows former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest.</p>


Nizar Najib produces letter purportedly from Pahang comptroller, allegedly verifying addendum

<p>KUALA LUMPUR (Jan 6): Shares of glove manufacturers rallied on Monday in active trade amid reports of new virus infections in China, though authorities have downplayed the infections as&nbsp;seasonal winter peak.</p>


Glove stocks rally amid reports of new virus infections in China, MIDF shrugs off potential demand spike

<p>KUALA LUMPUR (Jan 6): Binastra Corporation Bhd (KL:BNASTRA) may be the preferred contractor for property projects worth RM10 billion in gross development value over the next three years, Mercury Securities said.</p>


Binastra may be preferred contractor for property projects worth RM10b, Mercury starts coverage on 'buy'

<p>KUALA LUMPUR (Jan 6): Shares of NationGate Holdings Bhd (KL:NATGATE) hit a fresh high on Monday, after gaining 23 sen or 9.1% at RM2.75, becoming the fifth biggest gainer on Bursa Malaysia.</p>


<p>Senior federal counsel Shamsul Bolhassan, representing the government and other respondents in Datuk Seri Najib Razak’s appeal over a purported addendum, told the Court of Appeal on Monday that the addendum was never discussed or brought up during the Federal Territory Pardons Board’s 61st meeting on Jan 29 last year.</p>


AGC claims no due diligence on Najib’s part to produce additional evidence on purported addendum, maintains February release as main order

<p>Share markets got off to a patchy start in Asia on Monday ahead of a week brimming with economic news that should underline the relative outperformance of the US and support the dollar's ongoing bull run.</p>


Shares patchy in Asia, Canadian dollar up on Trudeau report

<p>(Jan 6): The Australian dollar slid the most in six years in 2024 but its decline looks far from over — there’s every prospect it will fall below 60 US cents (RM2.70)&nbsp;in coming months.</p>


Bears see Aussie dollar drop to 60 cents as Trump readies China tariffs

<p>PUTRAJAYA (Jan 6): Former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Dr Mohd Irwan Serigar Abdullah, who is former treasury secretary general, will bring in two former 1MDB board members as third parties in a US$6.59 billion suit filed by the strategic development company against him and former 1MDB president Arul Kanda Kandasamy. This follows the Federal Court’s ruling to dismiss their application for leave to reverse an earlier Court of Appeal’s (COA) decision that had allowed Irwan to bring in the two former board members as third parties.</p>


Two ex-directors to be included as third parties in US$6.59b 1MDB suit after Apex court denies them leave to appeal

<p>Justin Trudeau is expected to announce his resignation as leader of Canada’s Liberal Party this week, the<em> Globe and Mail </em>reported, a move that would trigger a race to replace him as prime minister.</p>


Canada’s Trudeau is likely to resign this week — report

<p>Demand for Malaysia’s palm oil could rise if Indonesia goes through with its plan to raise export levy to support the higher biodiesel mandate, TA Securities said on Monday.</p>

<p>Raising the export levy to 10% would add US$26.49 per tonne, making Indonesian crude palm oil (CPO) even more expensive than Malaysia’s product, the research house said. The price of Indonesia’s palm oil is already at a premium of US$146.30 per tonne above that of Malaysia, it noted.</p>


Demand for Malaysian palm oil could rise if Indonesia raises exports levy — TA Securities

<p>(Jan 6): The task of providing elderly care for the growing number of Chinese baby boomers may be a headache for Beijing, but a Singaporean hospital operator sees it as an evergreen opportunity.</p>


Singapore hospital operator Perennial targets wealthy boomers in China

<p>theedgemalaysia.com highlighted 14 stocks with momentum at Bursa Malaysia’s afternoon close on Monday. 13 stocks showed negative momentum, while only one stock showed positive momentum.</p>


Stocks with momentum on Jan 6, 2025: Kumpulan Fima, Eurospan, Velocity Capital, Inta Bina, Radiant Globaltech, Ramssol, Evergreen Max Cash, Minox, Carlsberg, Lien Hoe, Southern Steel, Aeon Co, Xin Synergy and Wong Engineering

<p>KUALA LUMPUR (Jan 6): U Mobile has signed an agreement with the Federal Land Development Authority (Felda), in which&nbsp;the telco will play a critical role in supporting the group in its digital transformation drive.&nbsp;</p>


U Mobile, Felda ink agreement to support digital transformation

<p>Local institutions supported Bursa Malaysia for the 11th consecutive week, with net purchases of RM304.0 million in domestic equities, according to MIDF Amanah Investment Bank Bhd. &nbsp;</p>


MIDF: Local institutions back Bursa Malaysia for 11th straight week

<p>SINGAPORE (Jan 6): Singapore-headquartered data-centre company Digital Edge said on Monday that it had raised over US$1.6 billion (RM7.21 billion) in new capital via a combination of equity and debt financing, to fund its next phase of growth.</p>


Singaporean data-centre firm Digital Edge raises over US$1.6b

<p>（吉隆坡6日讯）华阳（Oriental Kopi Holdings Bhd）将在创业板上市，首次公开募股（IPO）发售价定为每股44仙，预计可筹集1亿8396万令吉。</p>


华阳创业板上市 IPO发售价44仙筹1.84亿

<p>KUALA LUMPUR (Jan 6): Construction outfit Kerjaya Prospek Group Bhd (KL:KERJAYA) has bagged a RM256.4 million contract from Eastern &amp; Oriental Express Sdn Bhd (E&amp;OE) to undertake construction works in Elmina West, Shah Alam, Selangor.</p>
