<div class=newsTextDataWrapInner>SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for S$20 million.</div>

<div class=newsTextDataWrapInner>TEE Medical Services is a 50-50 joint venture between TEE Infrastructure, a wholly-owned subsidiary of TEE International, and Asia Enviro Services.</div>

<div class=newsTextDataWrapInner>Sembcorp’s medical waste division specialises in the treatment and disposal of biohazardous and pharmaceutical waste.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The divestment is expected to be completed by mid-2018, subject to the novation of key customer contracts as well approvals on permits and<a href="https://www.theedgesingapore.com/sembcorp-divests-medical-waste-treatment-business-20-mil" target="_blank">...(click on link for full story on theedgesingapore.com)</a> 
&nbsp;</div>

SINGAPORE (May 17): Sembcorp Industries announced that its wholly-owned subsidiary, Sembcorp Environment, has signed an agreement to divest its assets and businesses under its medical waste division in Singapore to TEE Medical Services, for S$20 million.

TEE Medical Services is a 50-50 ...

Sembcorp divests medical waste treatment business for S$20 mil

Bank of England (BOE) Governor Andrew Bailey warned Chancellor of the Exchequer Rachel Reeves not to raise tariffs in retaliation to an expected wave of US-led protectionism, amid fears that President-elect Donald Trump will kick off a global trade war once he is sworn in next year.

BOE's Bailey urges UK not to retaliate against trade protectionism

LIMA, Peru (Nov 15): Malaysia is steadfast in its commitment to embracing digital transformation as a driving force for economic growth, connectivity and innovation, said Foreign Minister Datuk Seri Mohamad Hasan.

Apec: Malaysia pledges digital transformation for economic growth — Mohamad Hasan

A new Technical and Tactical Cyber Unit has been established to boost the Commercial Crime Investigation Department’s (CCID) ability to effectively tackle cybercrimes.

IGP: Newly formed cyber unit to take on cybercrimes

China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though consumers perked up, keeping alive calls for Beijing to top-up its recent blitz of stimulus to revitalise the economy.

China's October data shows soft economic underbelly, Trump threat looms large

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.

Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

Meta Platforms Inc said it intends to appeal court rulings allowing dozens of states and hundreds of school districts across the US to proceed with lawsuits blaming “addictive” social media apps for contributing to a mental health crisis among youths.

Meta to appeal orders letting US schools, states sue over addiction

Indonesia’s central bank intervened in currency markets to support the rupiah after it weakened toward the psychological level of 16,000 per dollar.

Indonesia intervenes as rupiah nears 16,000-per-dollar level

Britain's economy contracted unexpectedly in September and growth slowed to a crawl over the third quarter, data showed on Friday, an early setback for finance minister Rachel Reeves' ambitions to kick-start a sustained pickup.

UK economy contracts in September in blow to Reeves' growth push

Contract manufacturer Ge-Shen Corporation Bhd (KL:GESHEN) said on Friday it remains confident of sustaining growth and profitability after its third-quarter net profit rose 46% from a year earlier.

Ge-Shen confident of sustaining growth after 3Q net profit surges 46%

Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.

Thailand aims to legalise casinos next year in win for global players

WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.

US Treasury finds no currency manipulation by major trading partners, drops Malaysia off its monitoring list

KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund (EPF) on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;

Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.

MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;

Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).

Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.

MR DIY shares fall to three-month low as quarterly results miss expectations

Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.

Anwar faces scrutiny over 5G tender pick

KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.

Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.

Zafrul flags longer term pain from US-China rift

KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.

Berjaya Food shares extend decline to six-week low after another quarterly losses

KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.

Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

The US dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.

Dollar sits atop one-year peak as Powell sends yields up, China data mixed

&nbsp;Nissan Motor Co will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.

Nissan faces record debt bill with one year left to fix finances

Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.

High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.

Vietnam leader warns trade wars lead to poverty in dig at Trump

Stocks fell after Jerome Powell signalled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.

Stocks get hit as Powell’s remarks curb US Fed wagers

President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.

Trump says no Dimon in administration, picks Kennedy for cabinet

KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;

Egg importer’s suit against Azmin Ali dismissed

LIMA,&nbsp;Peru (Nov 15): Malaysian Prime Minister&nbsp;Datuk Seri Anwar Ibrahim held a discussion with technology giant Google&nbsp;in the capital of Peru&nbsp;on Thursday (Nov 14), focusing on&nbsp;data centres and artificial intelligence (AI).

Anwar meets Google rep, discusses boosting AI and data centre ecosystem

Chinese President Xi Jinping launched a week-long diplomatic blitz of South America on Thursday by inaugurating a massive deep-water port in Peru, a US$1.3 billion (RM5.8 billion) investment by Beijing as it seeks to expand trade and influence on the continent.