<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 13): RHB Retail Research said Sarawak Plantation Bhd climbed higher to test the resistance level at RM1.95.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said that trading volume has been rising since Sept 30, indicating increased demand for the underlying shares.</p></div>

<div class=newsTextDataWrapInner><p>“If it trades above the resistance of RM1.95, the next possible level will be RM2.05, followed by RM2.15.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Meanwhile, a downside breach of the RM1.86 support should cancel this expectation,” it said.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


RHB Retail Research said Sarawak Plantation Bhd climbed higher to test the resistance level at RM1.95.

Sarawak Plantation testing resistance level at RM1.95, says RHB Retail Research

Prime Minister Datuk Seri Anwar Ibrahim has proposed a new initiative requiring all cabinet ministers who are alumni of the Universiti Malaya (UM) to contribute RM10,000 each to the Universiti Malaya Endowment Fund (UMEF).

Anwar proposes RM10,000 contribution each from UM Alumni Cabinet Ministers to boost university fund

South Korea’s National Assembly passed an impeachment motion against President Yoon Suk-yeol on Saturday, December 14. The vote marks the third time a president has been impeached in the country’s constitutional history.

Out of 300 assembly members, 204 voted in favour of the motion, 85 voted against, three abstained, and eight votes were declared invalid. This outcome indicates that at least 12 votes in favour came from Yoon’s conservative ruling People Power party.

South Korea at a crossroads after president is impeached — here’s what will happen next

A top Russian general accused by Ukraine of being responsible for the use of chemical weapons against Ukrainian troops was assassinated in Moscow by Ukraine's SBU intelligence service on Tuesday morning in the most high-profile killing of its kind.

Ukraine kills Russian chemical weapons chief Igor Kirillov in Moscow

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesda.

SMI, Scientex Packaging, KNM, Poh Kong, Kumpulan Perangsang Selangor, Ahmad Zaki, PUC, TXCD, VSolar, Jati Tinggi, PT Resources, Sapura Energy

Uncertainty surrounded Israeli Prime Minister Benjamin Netanyahu's whereabouts on Tuesday after sources briefed on talks about a Gaza ceasefire said he was travelling to Cairo but his office said he was on the northern border with Syria.

The sources said a ceasefire deal could be signed in coming days that would end the fighting and free hostages held by the Islamist movement Hamas in Gaza in exchange for Palestinian prisoners.

Gaza ceasefire talk swirls as officials push for deal

Technology stocks weighed on Wall Street on Tuesday, as investors grew cautious ahead of the Federal Reserve's interest rate decision this week following a stronger-than-expected retail sales reading.

Wall Street falls on caution over Fed decision after strong retail sales 

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

In fact, it deteriorated from US$195 billion in the first quarter of 2017 to US$260 billion in the same period of 2021.

Three possible futures for the global economy if Trump brings in new trade tariffs

The abrupt resignation of Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.

Chrystia Freeland quit on Monday after Prime Minister Justin Trudeau offered her a lesser position. She said his wish to increase spending could endanger Canada's ability to withstand the damage done by the tariffs that US President-elect Donald Trump is threatening to impose.

Canada government adrift after finance minister resigns, Trump tariffs loom

The United States offered a conditional loan of up to US$15 billion (RM66.8 billion) to California-based utility PG&E to support climate resilience projects and upgrade the electrical grid, the Department of Energy said on Tuesday.

US offers PG&E up to US$15b conditional loan for climate resilience 

The government expects several projects under the renewable energy (RE) lever to enter the implementation phase in 2025, according to the Economy Ministry.

Among them is the Solar Park project, whereby discussions are ongoing for creating an offtake model that is viable, selecting the project site, developing collaboration and ascertaining bank financing needs, it said.

Govt expects several RE projects to enter implementation phase in 2025 — Economy Ministry

<p>Investors appear to be ignoring analysts' strong “buy” calls on Genting Bhd (KL:GENTING), as the counter extended its slide to its lowest in over four years following a slew of bad news <span jsslot=""><span>—</span></span> from earnings misses to exclusion from the benchmark KLCI.</p>


Genting, GenM skid to four-year lows as investors look past analysts' 'buy' calls

<p>The High Court has ruled in favour of Ahmad Zaki Resources Bhd's (KL:AZRB) 51%-owned unit, Betanaz Properties Sdn Bhd, in a suit against Aeon Co (M) Bhd (KL:AEON) over a tenancy agreement dispute dating back three years.</p>


Court rules in favour of Ahmad Zaki’s unit in tenancy dispute with Aeon Co

<p>PENANG-based automated test equipment company Pentamaster Corp Bhd (KL: PENTA), which has a market capitalisation of RM2.89 billion, is performing an interesting manoeuvre involving its 64%-owned subsidiary Pentamaster International Ltd (PIL), say market watchers.</p>

<p>Last Wednesday, PIL su...

Intriguing move at Pentamaster

<p>A Dec 17 annual report from aviation data provider OAG reveals that seven of the world’s 10 busiest international airline routes this year connect destinations within the wider Asia-Pacific region, a sign of a long-awaited travel comeback for Asia. Two more connect cities in the Middle East. And one doesn’t even feature a business travel hub at all, proving that leisure continues to outshine corporate trips four years after the pandemic brought it all to a standstill.</p>


The world’s busiest airline routes in 2024 are largely in Asia

<p>Prasarana Malaysia Bhd, the operator of Rapid KL services, has announced a temporary suspension of My50 pass renewal services at all rail, BRT, and Rapid KL bus hub customer service counters, starting from Dec 23, 2024, until Jan 31 next year.</p>


Prasarana suspends My50 pass early renewal until Jan 31 for system upgrades

<p>Police have busted 40 online scam syndicates in a 12-day special operation from Nov 25 to Dec 6, with 63 raids conducted on criminal call centres across the country.</p>


Police cripple 40 online scam syndicates with 426 arrests in 12-day op

<p>KNM Group Bhd (KL:KNM) said its German-based subsidiaries in the Borsig Group have secured a new credit facility of €60 million (RM280.4 million), enabling them&nbsp; to continue operations as usual.</p>


KNM's Borsig group secures €60m multi-currency facility to continue operations

<p>SELLING on Petronas Chemicals Group Bhd (PetChem) (KL:PCHEM) and Petronas Dagangan Bhd (PetDag) (KL:PETDAG) appears to have halted as the two FBM KLCI component stocks rebounded from their multiyear lows last week.</p>

<p>The buying interest is, however, not quite proof of a change in sentimen...

What lies ahead for PetChem and PetDag after stocks rebound from their lows 

<p>Broadcom Inc’s massive rally after last week’s earnings report is reminiscent of when Nvidia Corp shares first started to take off back in 2023. The chipmaker now needs to prove it can follow through to become another giant of the artificial intelligence era.</p>


Broadcom’s ‘Nvidia moment’ has arrived, now it needs to deliver

<p>Matrix Concepts Holdings Bhd (KL:MATRIX) broke ground for the first phase of the Malaysia Vision Valley City (MVV City) project in Negeri Sembilan on Tuesday.</p>


Matrix Concepts breaks ground for MVV City Phase 1 in Malaysia Vision Valley 2.0

<p>Infrastructure utilities engineering services provider Jati Tinggi Group Bhd (KL:JTGROUP) announced on Tuesday that it will supply and install photovoltaic solar panel systems at Public Bank Bhd (KL:PBBANK)'s branches, at an estimated cost of RM14.88 million.</p>


Jati Tinggi to install solar panels at Public Bank's branches

<p>Selangor state-linked Kumpulan Perangsang Selangor Bhd (KL:KPS) has filed an appeal against a capital gains tax (CGT) assessment and penalty totalling RM7.9 million issued by the Inland Revenue Board (IRB).</p>


Kumpulan Perangsang Selangor appealing against RM7.9 mil claims by IRB

<p>China's top diplomat said on Tuesday he hoped the incoming Trump administration would "make the right choice" and work with Beijing, hours after Donald Trump told reporters the Covid-19 pandemic had strained his relationship with "friend" Xi Jinping.</p>


China, Trump talk up prospects for US-China collaboration

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.</p>


FBM KLCI down 0.59% to 1,597.33 on Dec 17, 2024

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesda.</p>


<p>Tan Sri Mohamad Salim Fateh Din has been reappointed chairman of the Malaysian Communications and Multimedia Commission (MCMC),&nbsp;the commission confirmed with <em>The Edge</em>.</p>


MCMC confirms Salim Fateh Din’s reappointment as chairman

<p>A Sessions Court here imposed a fine of RM25,000 or eight months' jail on a construction company on Tuesday for failing to ensure the safety of a Bangladeshi worker who died while working at a construction site last year.</p>


WCT fined RM25,000 for failing to ensure safety of worker

<p>Target 1 Sdn Bhd alleged that South Malaysia Industries Bhd (KL:SMI) is not cooperating to facilitate the extraordinary general meeting (EGM) scheduled for Jan 9, 2025, and the unconditional mandatory takeover offer for SMI.</p>


South Malaysia Industries uncooperative in facilitating EGM, alleges acquirer Target 1

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EVENING 5: Five things you need to know today

<p>TXCD Bhd (KL:TXCD), formerly known as Ageson Bhd — and before that Prinsiptek Corp Bhd — said its single largest shareholder, Datuk Seri Liew Kok Leong, has disposed of his entire 15.56% stake in the Practice Note 17 (PN17) engineering construction firm.</p>
