<div class=newsTextDataWrapInner>SINGAPORE (Aug 15): CIMB Research is raising its earnings per share (EPS) forecast for Singapore Airlines (SIA) in FY18F by a hefty 51%, on the back of a cyclical upswing in cargo airfreight and a small recovery in business travel.</div>

<div class=newsTextDataWrapInner>Core EPS forecasts for FY19F and FY20F were raised by<a href="https://www.theedgesingapore.com/singapore-air-gets-upgrade-cargo-upswing">...(click on link for full story on theedgesingapore.com)</a></div>
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SINGAPORE (Aug 15): CIMB Research is raising its earnings per share (EPS) forecast for Singapore Airlines (SIA) in FY18F by a hefty 51%, on the back of a cyclical upswing in cargo airfreight and a small recovery in business travel.

Core EPS forecasts for FY19F and FY20F were raised by

Singapore Air gets an upgrade on cargo upswing

KUALA LUMPUR: QSR Brands (M) Holdings Bhd, the company behind the KFC and Pizza Hut franchises in four Southeast Asian countries, says it remains focused on boosting service quality and ensuring staff's well-being.

QSR brands committed to transformation plan

ZURICH (Nov 14): Siemens could cut up to 5,000 jobs worldwide in its struggling factory automation business, Chief Executive Roland Busch said on Thursday.

"Sometimes we have to do some re-engineering because the developments weren't as positive as we expected them to be," said Bus...

Siemens to cut up to 5,000 jobs in automation business after downturn

KUALA LUMPUR (Nov 15): MTD Capital Bhd is exploring new markets and high-growth sectors to drive future expansion, assessing strategic partnerships and business opportunities both within and beyond the real estate sector.

MTD Capital eyes new markets, high-growth sectors for expansion

KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:MHCARE) 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

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 Donald Trump.

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

Exxon Mobil will cut nearly 400 jobs in Texas following its purchase of shale producer Pioneer Natural Resources, according to a regulatory filing.

Exxon Mobil to cut nearly 400 jobs in Texas, filing says

MORNING CALL: 15/11/24

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

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

Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.

Dollar rises with December US Fed cut now in doubt

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.

Here is a brief recap of some corporate announcements that made the news on Thursday.

Bumi Armada, MISC, Berjaya Food, Mr DIY, Prolintas, Lysaght, Keyfield, Teo Seng, YTL Power, Ranhill Utilities, Seal and LBS Bina

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.

Bina Puri Holdings Bhd (KL:BPURI) said on Thursday that its associate company KL-Kuala Selangor Expressway Bhd (Latar) has won an arbitration case against Prolintas Expressway Sdn Bhd and was awarded RM46.13 million.

Bina Puri's associate wins RM46 mil in arbitration case against Prolintas 

Asian equities were set to climb early Friday even as traders scaled back expectations for a Federal Reserve rate cut next month which weighed on US stocks and strengthened the dollar.

Engineering outfit Pestech International Bhd (KL:PESTECH) said Shandong Power Equipment Co Ltd (Speco) has initiated arbitration proceedings against its wholly owned PESTECH Sdn Bhd (PSB) over what Speco claimed were unpaid dues related to the supply of transformers.

Pestech hit by arbitration claim over RM7.7m worth of alleged unpaid dues

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.

&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

US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.

Fed refuses to back Basel climate plan, leaving talks in limbo

Property developer Seal Incorporated Bhd (KL:SEAL) is seeking its shareholders' approval at an extraordinary general meeting to be convened to provide corporate guarantee to a RM293 million banking facility that its 20%-owned associate MSR Green Energy Sdn Bhd (MSRGE) is obtaining from a licensed financial institution based in Malaysia.

Seal Inc seeks shareholder nod to guarantee associate's RM293m loan facility

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

Sunway Real Estate Investment Trust (KL:SUNREIT), which recently completed its acquisition of shopping mall 163 Retail Park in Mont Kiara, announced that its net property income (NPI) increased 5.5% to RM144.3 million for the third quarter ended Sept 30, 2024 (3QFY2024) on back of a 9.3% growth on revenue.

Sunway REIT's NPI up 5.5% in 3QFY2024

The Ministry of Economy is committed to ensuring that phase one of the Kedah Rubber City (KRC) development will be completed within a year, said Economy Minister Rafizi Ramli.

Rafizi: Govt committed to ensuring phase one of Kedah Rubber City development completed within a year

KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:MHCARE) 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).

JD.com Inc’s quarterly revenue rose 5.1%, a moderate expansion that suggests Chinese consumers are only cautiously spending again as Beijing tries to revitalise the economy.

Sales rose to 260.4 billion yuan (RM160.27 billion) for the three months ended September, barely surpassing the average estimate for 259.7 billion yuan.

JD’s results fail to impress as Chinese economic fears persist

Small and medium enterprises (SMEs) play a crucial role in driving economic growth within the Asia-Pacific Economic Cooperation (Apec) region, particularly when it comes to fostering inclusive development, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

SMEs play crucial role in driving growth in Apec economies, fostering inclusivity — Tengku Zafrul

The government will draft the Government Procurement Bill (GP Bill) in taking specific steps to increase transparency in the government procurement process, according to the Ministry of Finance.

Govt procurement draft bill to be tabled in Parliament next year

US producer prices picked up in October, fuelled in part by gains in portfolio management and other categories that feed into the Federal Reserve’s preferred inflation gauge.

The producer price index (PPI) for final demand increased 0.2% from a month earlier after rising a revised 0.1% in September, Bureau of Labor Statistics data showed on Thursday.

US producer prices rise, risking pressure in Fed’s favoured gauge

Ford Motor Co agreed to a US$165 million (RM733.5 million) civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second largest fine ever levied by the National Highway Traffic Safety Administration (NHTSA).

Ford hit with near-record US$165 mil penalty on recall failure

Chinese President Xi Jinping will arrive in Lima on Thursday, kicking off a week-long diplomatic blitz in Latin America by inaugurating the massive Chancay deepwater port, one of Beijing's most ambitious infrastructure investments in Latin America.