<div class=newsTextDataWrapInner>KUALA LUMPUR (April 22): RHB Retail Research said Rubberex Corp Bhd may rise higher after it formed a second consecutive white candle yesterday.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said this close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment.</div>

<div class=newsTextDataWrapInner>“An upbeat bias may emerge above the RM1.17 level, with an exit set below the RM1.06 mark.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“Towards the upside, the immediate resistance is at the RM1.35 level, followed by the RM1.40 threshold,” it said.</div>

<div class=newsTextDataWrapInner>&nbsp;</div>

KUALA LUMPUR (April 22): RHB Retail Research said Rubberex Corp Bhd may rise higher after it formed a second consecutive white candle yesterday.

In a trading stocks note today, the research house said this close has sent the stock to its new 52-week high, thereby enhancing the positive ...

Rubberex may rise higher, says RHB Retail Research

The Enforcement Agency Integrity Commission (EAIC) has formed a special task force to investigate allegations of misconduct involving a medical visa syndicate that has been issuing visas to foreign nationals from several countries.

EAIC forms task force to investigate ‘medical visa’ syndicate 

Prime Minister Keir Starmer believes the sheer “shock and awe of investment” will kick-start Britain’s sluggish economy, but it remains to be seen whether Labour can significantly increase the amount of cash that foreign investors put into UK infrastructure.

Starmer’s ‘shock and awe’ plan looks more like wait and see

The youngest son of Singapore’s first prime minister Lee Kuan Yew is seeking permission from authorities to demolish his late father’s home, in the latest escalation of a bitter feud over the fate of the country’s most high-profile property.

Lee Hsien Loong's brother seeks to demolish late father's home, week after sister's death

The New York Times has sent generative AI startup Perplexity a "cease and desist" notice demanding the company stop using its content, the Wall Street Journal reported on Tuesday.

NYT sends AI start-up Perplexity 'cease and desist' notice over content use — report

MORNING CALL: 15/10/24

(Oct 15): Stellantis NV is hauling employees back to the office, walking back a work-from-home policy after a profit warning prompted a shakeup of the carmaker’s top management.

Stellantis ends work-from-home push after management shakeup

NEWS: Capital A could exit PN17 status by Dec

The world oil market is heading for a sizeable surplus in the new year, the International Energy Agency (IEA) said on Tuesday as it reassured that the agency stood ready to act if needed to cover any supply disruption from Iran.

IEA sees oil surplus looming, reassures on Iran supply risk

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.33% to 1,641.97 on Oct 15, 2024

(Oct 15): China’s cyber security agency again rejected claims by the US and Microsoft Corp from earlier this year that Chinese hackers were behind a high-profile attack on critical American computer networks known as Volt Typhoon.

Chinese cyber agency rejects US hacking claims in new report

SELANGOR Properties Sdn Bhd’s (SPB) prime Jalan Semantan land has been sold to BRDB Developments Sdn Bhd (BRDB), according to an industry source.

The long-vacant 16-storey Wisma Damansara, which was built in 1970, sits on part of that land situated in Damansara Heights, Kuala Lumpur.</p...

BRDB buys Selangor Properties’ prime Jalan Semantan land

Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.

Typhoon-hit Southeast Asian countries to see rainier end to 2024

Malaysia’s consumer and construction stocks are set to benefit, as the government&nbsp;seeks&nbsp;to boost wages and sustain economic growth with its spending plan for next year.&nbsp;

Prime Minister Datuk Seri Anwar Ibrahim, who doubles as the finance minister, will likely deliver measures to lower the cost of living and several infrastructure projects when he unveils the country’s budget on Friday. Analysts also expect details of plans to&nbsp;remove blanket fuel subsidies&nbsp;and potentially new levies, including a&nbsp;sugar-sweetened beverage tax, to fund an expansionary budget after the prime minister ruled out any near-term&nbsp;re-implementation&nbsp;of the goods and services tax.

A trader’s guide to navigating Budget 2025

Shares of Northeast Group Bhd (KL:NE) rose 6% on Tuesday in their trading debut on the ACE Market, after the precision component manufacturer’s initial public offering (IPO) raised RM84.49 million.

Northeast Group opened at 53 sen with an opening volume of 22.71 million shares, compared with&nbsp;its IPO price of 50 sen apiece. The stock eased to a low of 50.5 sen before climbing to as high as 54.5 sen. At 9.25am, the stock was trading at 54 sen, valuing the company close to RM400 million.

Northeast Group rises 6% in ACE Market debut after RM84m IPO

The parliamentary sitting on Tuesday&nbsp;was adjourned&nbsp;to&nbsp;10.30am, as some members of Parliament were caught in floods following heavy rain while on their way to the Parliament building.

Dewan Rakyat sitting delayed as MPs trapped in flood

Capital A Bhd (KL:CAPITALA) said on Tuesday it is confident that the company holding low-cost carrier AirAsia will be able to exit its Practice Note 17 (PN17) status by the end of 2024, earlier than previously expected.

Capital A could exit PN17 status by December, earlier than expected, says CEO

KUALA LUMPUR (Oct 15): Malaysia will likely raise spending in the federal budget for 2025, drawing comfort from robust economic growth that will help the government avoid stretching its finances further.

Budget 2025 to top RM400b for first time as robust growth provides leeway to splurge — survey

Several areas in the capital were inundated on Tuesday morning due to heavy rainfall, with the reading taken at the city centre showing over 114 millimetres (mm) per hour, almost double the normal reading of&nbsp;60mm per hour.

KL areas inundated due to heavy rainfall — DBKL

The US$681 million Mareva injunction imposed on former prime minister Datuk Seri Najib Razak by the High Court (Commercial Division) — before the trial for 1Malaysia Development Bhd (1MDB) and its subsidiaries'&nbsp;US$8 billion suit&nbsp;—&nbsp;continues to stand.

US$681m asset-freezing order upheld as Najib withdraws appeal

China is considering allowing local authorities to issue as much as six trillion yuan (US$853 billion or RM3.64 trillion) in bonds through 2027, mainly to refinance their off-balance-sheet debt, people familiar with the matter said, a key part of the government’s plan to shore up the world’s second-largest economy.

China weighing US$853b debt swap to rescue local govts — Bloomberg

Biden administration officials have discussed capping sales of advanced artificial intelligence (AI)&nbsp;chips from Nvidia Corp&nbsp;and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ AI capabilities.

US could cap exports of AI chips from Nvidia and AMD to some countries — Bloomberg

Shares of Critical Holdings Bhd (KL:CHB) rose to their highest in nearly four months on Tuesday, after the engineering company secured a RM63 million mechanical-and-electrical services contract.

Critical Holdings shares climb to four-month high after contract win

Singapore’s former oil tycoon Lim Oon Kuin will be sentenced on Nov 18 for cheating and forgery in a trading scandal that will go into the history books as one of the biggest in the global energy-trading hub.

Singapore seeks to jail O K Lim for 20 years for cheating HSBC

KUALA LUMPUR (Oct 13): Prime Minister Datuk Seri Anwar Ibrahim has denied allegations of interfering in graft investigations involving his former political aide Farhash Wafa Salvador, as reported by Bloomberg.

Anwar denies interfering in graft probe involving former political aide

Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5% in September, as China surpassed its&nbsp;record numbers&nbsp;recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.

Global EV sales up 30.5% in September as China shines, Europe recuperates

Khazanah Nasional Bhd media adviser Datuk Seri Mohammed Shazalli Ramly has been appointed as media and strategic communications adviser to the Prime Minister's Office (PMO) effective Monday.

Shazalli Ramly appointed PMO media and strategic communications adviser

Malaysia will continue to explore for oil and gas within its waters in the disputed South China Sea despite protests from China, Prime Minister Datuk Seri Anwar Ibrahim reiterated on Tuesday.

Anwar told the lower house of Parliament that exploration activities by national oil and gas company Petroliam Nasional Bhd, or Petronas, will continue, including at the massive Kasawari gas field offshore Sarawak.&nbsp;

Malaysia to continue South China Sea oil exploration despite China’s protests — Anwar

European shares and US futures were little changed on Tuesday after Wall Street scaled record highs overnight, while oil prices dropped on a report that Israel will refrain from striking Iranian energy targets.

European stocks steady after Wall Street record, oil prices slump 

(Oct 15):&nbsp;Tesla Inc&nbsp;used humans to remotely control some capabilities of its Optimus robot prototypes at a recent event designed to generate investor enthusiasm for forthcoming products, according to people familiar with the matter.

Tesla Optimus bots were remotely operated at Cybercab event

WITH the tabling of Budget 2025 just around the corner, all eyes are on the government’s expected implementation of the global minimum tax (GMT) on Jan 1, 2025, and what this will mean for Malaysia’s ability to maintain its competitive edge as an investment destination.

On that day, the...