<div class=newsTextDataWrapInner><p>SINGAPORE (Dec 2): &nbsp;The Monetary Authority of Singapore (MAS) on Thursday announced that up to S$2 billion of Savings Bonds will be offered in 2017.</p></div>

<div class=newsTextDataWrapInner><p>Up to S$150 million will be available in first bond of 2017, SBJAN17, which will be issued on Jan 3. Following this, a new savings bond will be issued every month.</p></div>

<div class=newsTextDataWrapInner><p>According to MAS, the 10-year average annual return from the bond is 2.18%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The central bank said individual may apply for the first SBJAN17 bond through DBS, POSB, OCBC or UOB automatic teller machines (ATMs) or through DBS’ or POSB’s internet banking portal from now to 9pm on Dec 27, 2016.</p></div>

<div class=newsTextDataWrapInner><p>The issuance calendar for 2017, which sets out the application and issuance dates, can be found on the Savings Bond website.</p></div>

<div class=newsTextDataWrapInner><p>MAS said interested investors must have an Individual Central Depository (CDP) Securities account with Direct Crediting Service (DCS) activated to apply for a bond.</p></div>

<div class=newsTextDataWrapInner><p>CDP helps investors keep track of their Savings Bond holdings and facilitates the crediting of interest payments into investors’ bank accounts.&nbsp;</p></div>


SINGAPORE (Dec 2):  The Monetary Authority of Singapore (MAS) on Thursday announced that up to S$2 billion of Savings Bonds will be offered in 2017.

Up to S$150 million will be available in first bond of 2017, SBJAN17, which will be issued on Jan 3. Following this, a new savings bo...

Up to S$2 bil of Singapore Savings Bonds up for grabs in 2017

JF Technology Bhd (KL:JFTECH) is acquiring stakes in Singapore-based companies for a combined value of about RM26 million, in a bid to expand its business and market reach globally.

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Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed on Friday.

China's top legislative body, the standing committee of the National People's Congress (NPC), did as was expected, approving bills to allow local governments to allocate 10 trillion yuan (US$1.4 trillion) towards reducing off-balance sheet, or "hidden", debt.

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Singapore Prime Minister Lawrence Wong said he has yet to decide when the next general election will be held.

Stating that the people will know once the process begins, he emphasised that he has “all the time from now until the end of next year” to decide.

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China gave indebted local governments a 10 trillion yuan  (US$1.4 trillion or RM6.12 trillion)  lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.

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Crude palm oil (CPO) futures on Bursa Malaysia Derivatives hit a two-year high, as prices rallied to above RM5,000 per tonne, a trader said.

Palm oil trader David Ng said the market outlook remains positive with Indonesia implementing a higher biodiesel mandate next year which will boost demand for palm oil.

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Indonesia's Mount Lewotobi Laki-laki erupted several times on Friday, belching volcanic ash that rose up to 10km into the sky, officials said, following a big eruption on Sunday night that killed nine people.

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Renewable energy producer Cypark Resources Bhd (KL:CYPARK) announced on Friday that its chief financial officer (CFO) Vinie Chong Pui Ling has resigned, just three months after her appointment on Aug 15.

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flydubai and Batik Air Malaysia have announced on Friday an interline agreement that will offer flydubai passengers access to more than 40 destinations across Batik Air’s network via Kuala Lumpur International Airport (KUL).

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<p>Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;</p>

<p>The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.</p>


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<p>Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.&nbsp;&nbsp;</p>


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<p>Donald Trump's recent US election&nbsp;win will affect Malaysian exporters, but is largely neutral for domestic growth, the ringgit, and the equity market, said CGS International.</p>


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<p>Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.</p>


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<p>Hong Leong Investment Bank (HLIB) proposed that revisiting the Shenton House acquisition could present a prime opportunity for IOI Properties Group Bhd (KL:IOIPG), given the favourable market conditions.</p>


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<p>Analysts are&nbsp;positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets&nbsp;while reaping benefits from the CelcomDigi merger over a longer term.</p>


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<p>China gave indebted local governments a 10 trillion yuan &nbsp;(US$1.4 trillion or RM6.12 trillion) &nbsp;lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.</p>


<p>United Overseas Bank Ltd (UOB)&nbsp;led Singapore bank stocks to record highs on Friday after delivering a hefty profit beat, led by wealth and trading gains.</p>

<p>UOB rose more than 9% as it reported third-quarter profit that climbed to S$1.64 billion (US$1.24 billion or RM5.44 billion). The bank also signalled the potential for more returns to investors through a share-buyback programme. Oversea-Chinese Banking Corp’s (OCBC) stock rose almost 2%.</p>


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<p>Communications Minister Fahmi Fadzil said on Friday it is too early to reveal the specific conditions that will be imposed on U Mobile Sdn Bhd to lead the second 5G network.</p>


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<p>Malaysian benchmark palm oil futures are expected to trade above and around RM5,000 per tonne until June 2025, supported by tight supply and bullish demand, leading industry analyst Dorab Mistry said on Friday.</p>


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<p>CYBERJAYA (Nov 8): Malaysia is set to experience 20% to 40% more rainfall during the upcoming Northeast Monsoon season, compared to a year earlier, according to the Meteorology Department.</p>


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<p>SUNGKAI (Nov 8): FGV Holdings Bhd (KL:FGV), one of the world’s largest producer of crude palm oil (CPO), said it is actively working with its clients to facilitate the export of crude-palm-kernel-oil (CPKO) products that comply with the European Union Deforestation Regulation (EUDR) into Europe.</p>


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<p>WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.</p>


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<p>Home appliance distributor Milux Corp Bhd (KL:MILUX) received an unconditional mandatory takeover offer on Friday from ABS Capital Sdn Bhd to acquire all the remaining shares it does not own, at 43.2 sen per share.</p>


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<p>99 Speed Mart Retail Holdings Bhd’s (KL:99SMART) net profit dipped 3.5% to RM107.16 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM111.06 million a year ago, dragged by higher administrative and other operating spending. This included one-off special staff bonuses and initial public offering (IPO) listing expenses totalling RM23.2 million.</p>

<p>Excluding the one-off expenses, 99 Speed Mart said in a statement its normalised net profit increased 13.2% to RM126 million in 3QFY2024 from RM111.27 million in 3QFY2023.</p>


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<p>At about the same time my article “Hidden danger in consuming ‘dark calories’” was published on theedgemalaysia.com (July 17, 2024), the Seed Oil Free Alliance unveiled its “Seed Oil Free Certified” food label. In my article, I recommended avoiding seed oils from sunflower, corn, soybean and cott...

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<p>KUALA LUMPUR (Nov 8): As the year-end 11.11 sale is approaching, e-commerce giant Lazada Malaysia introduced AI Lazzie, an artificial intelligence (AI) shopping assistant to help users navigate, discover and shop on the platform.</p>


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<p>Renewable energy producer Cypark Resources Bhd (KL:CYPARK) announced on Friday that its chief financial officer (CFO) Vinie Chong Pui Ling has resigned, just three months after her appointment on Aug 15.</p>


<p>Genting Singapore Ltd’s shares fell to a two-year low, after analysts downgraded the stock following lacklustre third-quarter results from the firm.</p>

<p>The shares dropped as much as 7.7% to hit the lowest since October 2022, before paring some losses. The company reported a net income of S$79.4 million (US$60 million or RM263.4 million) for the three months ended September, missing estimates by a wide margin.</p>
