<div class=newsTextDataWrapInner>SINGAPORE (July 26): SIA Engineering reported 1Q20 earnings of S$41.6 million or 3.72 cents per share, 2.7% higher than the previous year.</div>

<div class=newsTextDataWrapInner>This was mainly due to a 73.5% increase in the group’s operating profit to S$17.7 million, from S$10.2 million the preceding year.</div>

<div class=newsTextDataWrapInner>Revenue for the quarter came in at S$258.1 million, 0.2% higher than S$257.7 million last year.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>This was due to an increase of S$2.3 million in revenue from the airframe and line maintenance segment, and was partially offset by a S$1.9 million decrease in revenue from the engine<a href="https://www.theedgesingapore.com/capital/results/sia-engineering-1q-earnings-27-416-mil-higher-operating-profit" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div>

SINGAPORE (July 26): SIA Engineering reported 1Q20 earnings of S$41.6 million or 3.72 cents per share, 2.7% higher than the previous year.

This was mainly due to a 73.5% increase in the group’s operating profit to S$17.7 million, from S$10.2 million the preceding year.

SIA Engineering 1Q earnings up 2.7% at S$41.6 mil on higher operating profit

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

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The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).

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KUALA LUMPUR (Nov 18): Shares of Kossan Rubber Industries Bhd (KL:KOSSAN) rose on Monday to their highest in nearly four months, after the glovemaker unexpectedly declared a special dividend despite below-view results.

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Malaysia is open to reviving the cross-border railway service connecting Rantau Panjang, Kelantan and Sungai Golok, Thailand.

Deputy Transport Minister Datuk Hasbi Habibollah said the ministry will hold discussions with the State Railway of Thailand regarding the proposed revival of the service, aimed at enhancing connectivity for both cargo and passenger transport between the two countries.

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KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMETAL) soared in early trade on Monday, as&nbsp;aluminium futures jumped after China ended&nbsp;a tax rebate over its exports of the metal.

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KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.

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A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.

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Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.

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Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.

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Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.

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Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.

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Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.

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The South Korean won, the second-worst performing currency in Asia this year, looks poised to weaken further as Donald Trump’s tariff threat clouds the export-reliant country’s economic outlook.

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The Umno leader who first introduced Umno to the corporate world after the New Economic Policy was launched in 1971 was Tengku Razaleigh Hamzah. Razaleigh did this by taking control of Fleet Group in 1972 via Umno proxies/nominees. Fleet Group then controlled the New Straits Times group in Malays...

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President Joe Biden's administration has lifted restrictions that had blocked Ukraine from using US-provided weapons to strike deep into Russian territory, said three sources familiar with the matter, in a significant change to US policy in the Ukraine-Russia conflict.

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(Nov 18):&nbsp;Bitcoin posted its biggest two-day retreat over the weekend since the US election&nbsp;amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.

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theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Monday. One stock showed positive momentum and the remaining four displayed negative momentum. &nbsp;

The stock with positive momentum was:

<ul>
	<li>&nbsp;&nbsp;&nbsp; Cypark Resources Bhd (KL:CYPARK) — up 5.5 sen or 6.59% to 89 sen</li>
</ul>

Stocks with momentum on Nov 18, 2024: Cypark, TechnoDex, Matrix, Karex and Classita  

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Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods.

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RIO DE JANEIRO, Brazil (Nov 18): Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said&nbsp;Malaysia’s Investment, Trade and Industry Minister&nbsp;Tengku Datuk Seri Zafrul Abdul Aziz.

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A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.