<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 27): Sime Darby Bhd rose 4.88% in early trade this morning after the group said it is planning to create three pure play standalone businesses, namely for plantation, property and trading &amp; logistics sectors, with the conglomerate eyeing listings for its Sime Darby Plantation Bhd and Sime Darby Property Bhd.</p></div>

<div class=newsTextDataWrapInner><p>At 9.08am, Sime Darby rose 43 sen to R&lt;9.25 with 790,300 shares traded.</p></div>

<div class=newsTextDataWrapInner><p>The group said the plan would enable each business segment to pursue their objectives with greater focus and agility to maximise value for all shareholders.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said it will be evaluating the implementation measures and indicative timelines, adding that the company will make the appropriate disclosures upon receiving the final approval of the board.</p></div>

<div class=newsTextDataWrapInner><p>“Today, nine years after the merger and several strategic corporate exercises to position our businesses, we are ready to execute the original intention of our shareholders. Each Division is now stronger, strategically structured and better equipped to stand alone and be listed as pure plays,” said Sime Darby president &amp; group chief executive Tan Sri Mohd Bakke Salleh yesterday.</p></div>


KUALA LUMPUR (Jan 27): Sime Darby Bhd rose 4.88% in early trade this morning after the group said it is planning to create three pure play standalone businesses, namely for plantation, property and trading & logistics sectors, with the conglomerate eyeing listings for its Sime Darby Plantatio...

Sime Darby rises 4.88% on plan to create 3 standalone businesses

Khazanah Nasional Bhd has launched Jelawang Capital Sdn Bhd, a national funds-of-funds initiative aimed at bolstering Malaysia’s venture capital (VC) ecosystem, following its acquisition of Malaysia Venture Capital Management and Penjana Kapital in July of this year.

Khazanah launches Jelawang Capital to boost Malaysia's VC ecosystem 

McDonald’s Corp says Quarter Pounders will return to menus at all restaurants this week after ruling out beef patties as the source of a multistate E coli outbreak that has sickened dozens and left one person dead.

McDonald’s to bring back Quarter Pounders this week after E coli outbreak

A new act aimed at safeguarding the welfare of gig economy workers is set to be introduced, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said.

Zahid: New law to safeguard gig workers’ welfare 

The High Court on Monday dismissed an application by 29 creditors to stay a court-convened meeting for ACE Credit Sdn Bhd, a subsidiary of ACE Holdings Bhd, that is scheduled to be held on Wednesday (Oct 30) to vote on a proposed scheme of arrangement to restructure the company's financial position.

However, Judicial Commissioner Saheran Suhendran @ Sockanathan Abdullah, allowed these creditors' application for ACE Credit to provide them with the copies of selected documents to be viewed at Baker Tilly’s office from 12pm to 3pm on Tuesday.

Court dismisses creditors' bid to stay ACE Credit's court-convened meeting on Oct 30

Construction firm Pintaras Jaya Bhd (KL:PTARAS) is acquiring 11 pieces of freehold land land totalling 33 acres in Kapar for RM22.9 million cash.

Pintaras Jaya buys 33 acres of agricultural land in Kapar for RM22.9 mil

Chinese refiner Sinopec posted a 52.1% year-on-year decline in net profit to 8.54 billion yuan (US$1.2 billion or RM5.2 billion) for the third quarter because of lower oil prices and weak refining margins.

Sinopec's 3Q earnings fall 52.1% on lower oil prices, refining margins

Bursa Malaysia Bhd and its subsidiaries will be closed on Oct 31, 2024, in conjunction with the Deepavali public holiday.

Bursa to close this Thursday for Deepavali holiday

Even as Wall Street heavyweights flock to Riyadh for a Davos-style conference, Saudi Arabia is grappling with low oil prices, budget deficits and challenges attracting foreign investment.

That’s forcing the kingdom to lean heavily on another source of funding: debt.

US$50 bil Saudi debt drive reflects rising financial strain

PGF Capital Bhd (KL:PGF), which mainly manufactures insulation products, saw its net profit more than double for the second financial quarter ended Aug 31, 2024 (2QFY2025), primarily attributed to its insulation segment, driven by strong demand from the Oceania market.

PGF Capital’s 2Q net profit more than doubles on strong demand from Oceania market 

Bharti Airtel Ltd reported a lower-than-expected quarterly profit as gains from tariff hikes introduced in July failed to offset the drag from a one-time charge.

India’s No 2 wireless carrier, led by billionaire Sunil Mittal, almost trebled its net income to 35.9 billion rupees (RM1.85 billion) for the quarter ended Sept 30 compared with the same period last year, according to a filing on Monday.

Bharti Airtel’s profit misses estimates on one-time charges

<p>Occupying the top three floors of an unremarkable office building in northern Mumbai, there’s little to distinguish Shreya Life Sciences from the many other commercial businesses that keep the Andheri neighbourhood of India’s largest metropolis humming throughout the day.</p>


Indian pharma firm shipping Nvidia AI chips from Malaysia to Russia — Bloomberg

<p>Sorento Capital Bhd (KL:SORENTO) ended its maiden trading day on the ACE Market of Bursa Malaysia up half a sen or 1.35% 37.5 sen from its initial public offering (IPO) price, valuing the bathroom and kitchenware distributor at RM322.5 million.</p>


Sorento Capital stages muted debut on ACE Market

<p>SEPANG (Oct 28): DAP secretary general Anthony Loke Siew Fook dismissed former prime minister Datuk Seri Najib Razak’s recent apology regarding the 1MDB scandal, calling it irrelevant.</p>


Loke: Najib’s apology over 1MDB scandal irrelevant, a crime is a crime

<p>KUALA LUMPUR (Oct 28): BlackBerry Ltd has chosen Cyberjaya,&nbsp;Selangor as headquarters for its cybersecurity operations in Asia Pacific (Apac), according to a press release on Monday. &nbsp;</p>


BlackBerry picks Cyberjaya as HQ for Asia-Pacific cybersecurity ops

<p>KLCCP Stapled Group (KL:KLCC) has appointed Datuk Mohd&nbsp;Salem Kailany as the chief executive officer of KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, effective from Nov&nbsp;1, succeeding Datuk Md&nbsp;Shah Mahmood.</p>


KLCCP Stapled Group appoints Salem Kailany as CEO

<p>Frozen food distributor Supreme Consolidated Resources Bhd (KL:SUPREME) has set its initial public offering (IPO) price at 25 sen per share, according to its prospectus launched on Monday.</p>


Supreme Consolidated sets IPO price at 25 sen, applications to close on Nov 15

<p>Logistics provider DHL Express has invested €60 million (RM300 million) in its fully automated sorting system, located at the Kuala Lumpur International Airport (KLIA), which it claimed to be the first of its kind in Southeast Asia to speed up cross-border shipping capacity.</p>


DHL Express unveils RM300m new facility with automated sorting system at KLIA

<p>Mah Sing Group Bhd (KL:MAHSING) has signed a second partnership with Bridge Data Centres Malaysia Sdn Bhd, a company wholly owned by Bain Capital, to expand a joint-venture (JV) data centre project named Mah Sing DC Hub@Southville City at the Southville City township in Bangi, Selangor.</p>


Mah Sing, Bridge Data Centres to expand data centre project in Southville City, Selangor

<p>The Indonesian rupiah and Malaysian ringgit fell to multi-week lows on Monday among subdued Asian currencies, as upbeat US data tempered Federal Reserve rate-cut wagers, and bets of Donald Trump winning the presidency buoyed the greenback.</p>


Indonesian rupiah, Malaysian ringgit fall most among subdued Asian currencies

<p>KUALA LUMPUR (Oct 28): The reinstatement of five stations on the LRT3 line in Shah Alam, Selangor is expected to cost RM5.3 billion, higher than initially estimated, says Deputy Transport Minister Hasbi Habibollah.</p>


Revival of five LRT3 stations now estimated to cost RM5.3b, says deputy minister

<p>The Malaysian unit of South Korea’s Cuckoo Holdings Co could raise as much as RM750 million &nbsp;from a planned initial public offering (IPO) on Bursa Malaysia next year, people with knowledge of the matter said.</p>


Cuckoo said to seek as much as RM750 mil in IPO on Bursa — Bloomberg

<p>Suling Hill Development Sdn Bhd, a joint-venture between AME Elite Consortium Bhd (KL:AME) and Majestic Gen Sdn Bhd, officially launched Northern TechValley @ BKE in Seberang Jaya, Penang on Monday.&nbsp;</p>


Suling Hill Development launches RM1.3 bil Northern TechValley @ BKE industrial park in Penang

<p>Former Malaysian Bar president, Manjeet Singh Dhillon, passed away on Monday morning.</p>

<p>Manjeet, 82, was also a Sessions Court judge before going into private practice. He is said to have passed away at his Bukit Damansara residence.</p>

<p>He was president of the Malaysian Bar from 1991 to 1992.</p>


Former Malaysian bar president, Manjeet Singh Dhillon passes away

<p>The government reaffirmed that it will not allow withdrawals from the primary Account 1 of the Employees Provident Fund (EPF) for the haj pilgrimage, and ruled out any change to the policy.</p>


Govt maintains no withdrawal for haj pilgrimage from EPF Account 1

<p>OMS&nbsp;Group, a KKR-backed Malaysian subsea digital infrastructure company, said on Monday it had signed a contract with Dutch maritime firm Royal IHC for the construction of a series of cable-laying vessels.</p>


KKR-backed OMS signs contract for cable-laying vessels with Dutch firm

<p>Sectors with the highest net foreign outflows were utilities (RM266.9 million), technology (RM50.9 million), and telecommunications and&nbsp;media (RM45.7 million).</p>


Foreign investors reverted to net selling at RM196.2m last week — MIDF

<p>The US bond market, already stung by the worst selloff in six months, now heads into a crucial two-week stretch that will likely chart its course for the rest of the year.</p>


A 10-day test is coming for bond market battered by selloff

<p>Jasmine Loo Ai Swan, who is testifying in the High Court here in a suit brought by 1Malaysia Development Bhd (1MDB) against Datuk Seri Najib Razak's stepson Riza Aziz and two film production companies, refused to reveal when questioned by the defence on Monday whether she had been placed under witness protection.</p>


Jasmine Loo keeps mum on whether she is under witness protection 

<p>Indonesia blocked Apple Inc from selling its latest iPhones in Southeast Asia’s largest economy, saying the company has yet to meet local investment requirements.</p>


Apple blocked from selling iPhone 16 models in Indonesia

<p>The International Monetary Fund (IMF) shaved its global growth forecast for next year, citing accelerating risks from wars and trade protectionism.</p>

<p>Meantime, the Bank of Canada stepped up the pace of interest-rate cuts and signalled that the post-pandemic era of high inflation is over. Policymakers lowered the benchmark overnight rate by 50 basis points, the most since March 2020, to 3.75%.</p>
