<div class=newsTextDataWrapInner>SINGAPORE (Dec 16): The Singapore Exchange (SGX) has been recognised as the Exchange of the Year in the third Regulation Asia Awards for Excellence 2020.</div>

<div class=newsTextDataWrapInner>This marks the third time the bourse has received the accolade.</div>

<div class=newsTextDataWrapInner>This year's award recognises SGX’s achievements in sustainability and innovation, as well as its initiatives to boost awareness of environmental, social and corporate governance (ESG) and<a href="https://www.theedgesingapore.com/news/company-news/sgx-named-regulation-asias-exchange-year-3rd-year-running" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Dec 16): The Singapore Exchange (SGX) has been recognised as the Exchange of the Year in the third Regulation Asia Awards for Excellence 2020.

This marks the third time the bourse has received the accolade.

SGX named Regulation Asia's exchange of the year for 3rd year running

China's August youth jobless rate climbed to the highest level since last December, the statistics bureau said on Friday, as new graduates started to hunt for offers on the job market, adding to the pressure on policymakers to take action.

China's August youth jobless rate rises to nine-month high

Passenger movements at Malaysia Airports Holdings Bhd (KL:AIRPORT) network of airports recorded 12.3 million passengers in August 2024, the second consecutive month when passenger movements exceeded 12 million.

MAHB airports registered more than 12 million passengers for second consecutive month in August 

China and Japan reached an agreement over the discharge of wastewater from the wrecked Fukushima nuclear plant, the two governments said on Friday, paving the way for a restart of seafood shipments from Japan to China.

China, Japan agree Fukushima discharge plan, paving way to restart seafood trade

Perikatan Nasional (PN) has reaffirmed its decision to reject the Memorandum of Understanding (MOU) regarding allocations for opposition Members of Parliament (MP), and will not submit any new proposal regarding the MoU said its chairman Tan Sri Muhyiddin Yassin.

PN won't submit new proposal, reaffirm decision to reject MOU on allocation for MP 

Steel manufacturer Mycron Steel Bhd (KL:MYCRON) is planning to develop and launch its own patented green steel products by 2025, as it looks to address the growing demand for sustainable materials.

Mycron Steel to launch own patented green steel products by 2025

The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp’s Michael Hartnett.

Buy bonds and gold as bubble risk returns — BofA strategist Hartnett

Malaysia's domestic tourism sector continued its strong resurgence in the second quarter of this year, with 68.4 million visitors, up 23.8% from the same period last year, according to the Department of Statistics Malaysia (DOSM).

Malaysia records 23.8% jump in domestic tourists in 2Q2024

(Sep 20): The euphoria in equity markets following the Federal Reserve’s interest-rate cut is stoking the risk of a bubble, making bonds and gold an attractive hedge against any recession or renewed inflation, according to Bank of America Corp.’s Michael Hartnett.

The strategist — ...

Buy bonds and gold as bubble risk returns, BofA strategist Hartnett says

KUALA LUMPUR (Sept 20): OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is partnering with RHB Bank Bhd (KL:RHBBANK) to launch a new green financing initiative called Green Home Financing, offering preferential mortgage margin of financing for green residential projects with green certification.

OSK Property, RHB launch Green Home Financing

Turkey's trade ministry imposed strict conditions on the import of plug-in hybrid vehicles from some countries, including China, according to a notice published in the Official Gazette on Friday.

The move follows a decision in June to limit imports of electric vehicles.

Turkey cracks down on hybrid car imports as it seeks Chinese investment

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

The Malaysian government on Friday announced incentives to jumpstart the Forest City special financial zone that include special corporate income tax rates and 0% tax rate for family offices.

Govt announces incentives to jumpstart Forest City special financial zone

The upcoming increase in US tariffs on China-made gloves provides an opportunity for Malaysian players to increase production, said Top Glove Corp Bhd (KL:TOPGLOV) managing director Lim Cheong Guan.

US tariff hike on Chinese gloves an 'opportunity' for Malaysian glove makers, says Top Glove

China's crude oil imports from Malaysia surged 31% in August from a year earlier, making it the country's second-largest supplier after Russia, customs data showed, bucking a broader trend of slowing Chinese imports.

Malaysia becomes China's No 2 crude oil supplier after Russia

Tenaga Nasional Bhd (KL:TENAGA), or TNB, has inked an agreement with Singapore’s Keppel Electric Pte Ltd to supply up to 100MW of electricity to the island-state.

TNB signs agreement to supply another 100MW electricity to Singapore

Thailand’s baht is on course for its biggest quarterly gain since the Asian financial crisis, threatening to derail a recovery in the nation’s key tourism and export industries.

Baht’s biggest rally since 1998 threatens Thailand’s tourism, exports

KUALA LUMPUR (Sept 20): RHB Research has maintained its “overweight” call on the Malaysian property sector, forecasting strong capital inflows and renewed buying interest as global interest rates begin to decline.

Rate cuts to see more capital flow into Malaysian property sector, says RHB

Malaysia Aviation Group (MAG) announced on Friday the resignation of its group chairman Tan Sri Wan Zulkiflee Wan Ariffin effective immediately.

Wan Zulkiflee retires as Malaysia Airlines chairman, confirms The Edge report

KUALA LUMPUR (Sept 20): Eplas Global Bhd, which sells houseware products, filed for an initial public offering (IPO) on the ACE Market to raise funds to set up manufacturing operations.

Eplas Global files for ACE Market IPO to raise funds to start manufacturing ops

PUCHONG (Sept 20): All projects, trips and tasks abroad involving government ministries, companies and agencies must be referred to their respective ministry secretaries general and department heads and approved by the ministers, said Datuk Seri Anwar Ibrahim.

The prime minister said th...

Anwar: Ministerial approval required for all overseas travel involving govt personnel

KUALA LUMPUR (Sept 20): Lim Guan Eng’s lawyers informed the Sessions Court in his Penang undersea tunnel graft trial that Lim suspected there had been intimidation attempts by the authorities on other parties, which seemed to want to implicate the former Penang chief minister.

Court informed of report lodged by Guan Eng on possible intimidation

Malaysia's largest fintech company TNG Digital is looking at a potential domestic initial public offering over the next two to three years that could raise over US$300 million (RM1.26 billion), two sources with knowledge of the matter said.

TNG Digital eyes Malaysian IPO in next two to three years — Reuters

World stocks hovered near record highs on Friday, underpinned by a big interest rate cut from the Federal Reserve earlier this week, while the yen eased after Bank of Japan governor Kazuo Ueda tempered expectations around imminent rate hikes.

Stocks pinned near all-time highs, yen slips after Ueda's comments

Glovemaker Top Glove Corp Bhd (KL:TOPGLOV) said it is looking at further raising its water recycling capacity by 50% by 2025, from 2024 levels, as part of its active efforts on conservation of natural resources.

Top Glove first to comply with Selangor’s new water management zero discharge policy regulation, to expand water recycling capacity

Malaysia’s automotive market is expected to see “business as usual” for the affordable segment, while the mid-market segment could be dragged by the roll-out of e-invoicing and potential fuel subsidy rationalisation, said Kenanga Research.

Malaysia auto sales to M40 group could drag, says Kenanga Research

Malaysian palm oil is likely to trade between RM3,700 to RM4,500 a metric tonne from now until June, as demand is expected to be buoyant during the Chinese Lunar New Year and the holy month of Ramadan, industry analyst Dorab Mistry said.

Analyst sees Malaysian palm oil trading between RM3,700-RM4,500 per tonne until mid-2025

Malaysia has ratified the UK's accession into the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Malaysia ratifies UK's accession into trans-Pacific trade deal

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 0.19% to 1,668.82 on Sept 20, 2024

Sime Darby Property Bhd (KL:SIMEPROP) has topped out its transit-oriented development Serasi Residences at Putra Heights Sentral on Sept 9, according to a press statement on Sept 20.

Sime Darby Property tops out transit-oriented development Serasi Residences at Putra Heights Sentral

&nbsp;European auto stocks are so unpopular right now that investors keep reducing their exposure even as the scale of the industry's problems has driven valuations close to record lows, which would normally be a big incentive for would-be buyers.