<div class=newsTextDataWrapInner>Singapore's GIC sells stake in Sunway Bhd - sources</div>
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Singapore's GIC sells stake in Sunway Bhd - sources
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Singapore's GIC sells stake in Sunway Bhd - sources

KUALA LUMPUR (Nov 30): The number of job vacancies advertised online surged 23.5% in the second quarter of 2023 (2Q2023) to record 261,231 vacancies from 211,509 vacancies recorded in the first quarter (1Q2023), chief statistician Datuk Seri Dr Mohd Uzir Mahidin said.

Job vacancies advertised online surged 23.5% in 2Q2023

Datasonic Group Bhd recorded a net profit of RM18.15 million for its second quarter ended Sept 30, 2023 (2QFY2024), down 27.13% from the RM24.91 million it made in the corresponding quarter last year — when earnings leaped over 20 times amid a surge in applications for passports and MyKad including first-time applications and renewals following the reopening of international borders on April 1, 2022.

Earnings per share for 2QFY2024 dropped to 0.64 sen from 0.87 sen as revenue fell 6.81% to RM87.25 million from RM93.63 million on lower demand for smart cards, passport and personalisation services, according to the bourse filing of the security-based ICT solutions providers.

Datasonic's 2Q profit drops 27% as revenue dips after surge for passport renewal, pays 0.6 sen dividend

The growing demand for palm oil should silence the voices of anti-palm oil campaigners, who made allegations about palm oil having higher saturated levels of fatty acids and that it should not be used in the food system, said the former director-general of the Malaysian Palm Oil Board (MPOB) Tan Sri Yusof Basiron.

Growing demand for palm oil should silence campaigners against the commodity — Industry expert

Tesla is set to start deliveries of its long-delayed Cybertruck electric pickup on Thursday, after CEO Elon Musk tempered investor expectations citing problems in ramping production of what he called a "radical" product.

Tesla to deliver Cybertrucks after Musk tempers expectations

The ringgit closed lower on Thursday, snapping three consecutive days of gains on pofit-taking after the local note touched the immediate support level of RM4.6611 against the US dollar.

Ringgit retreats after three days of gains on profit-taking

The High Court has set Jan 16 to decide on the Malaysia Competitions Commission's (MyCC) bid to obtain permission for a judicial review of the Competition Appeal Tribunal (CAT)'s Sept 2, 2022 decision.

Court to decide in Jan if MyCC is allowed to challenge tribunal's decision to allow insurers' appeal

PUTRAJAYA (Nov 30): Five new cases of monkeypox (mpox) involving local men have been detected in Malaysia from Oct 31 to Nov 29, bringing the cumulative number of cases to nine.

MOH: Five new monkeypox cases detected

World stock markets edged higher on Thursday, heading for their best monthly jump since the first Covid-19 vaccine breakthroughs of 2020, as the continuing downtrend for global bond yields lifted confidence.

Stocks on cruise control as rate cut expectations boost outlook

The progressive wage pilot project — slated to be carried out on a pool of 1,000 companies between June and September 2024 — is estimated to cost between RM20-30 million, according to Economy Minister Rafizi Ramli.

Progressive wage pilot project estimated to cost RM20-30m, says Rafizi

CIMB Group Holdings Bhd’s net profit rose 31.3% to RM1.85 billion for the third quarter ended Sep 30, 2023 (3QFY2023) from RM1.41 billion a year earlier.

The growth was attributed to strong non-interest income (NOII) improvement, partially offset by weaker net interest income (NII) due to net interest margin (NIM) compression from higher cost of deposits.

CIMB 3Q net profit rises 31% to RM1.85 bil on strong non-interest income improvement

Singapore and Zurich surpassed New York to become the&nbsp;world’s most expensive cities to live in this year, according to a new global survey.

Singapore, Zurich surpass New York to become world’s most expensive cities to live in — survey

The government released its Progressive Wage White Paper on Thursday, proposing to implement a pilot project between June and September next year that involves a selected number of companies that register to voluntary participate in it, with full implementation to be determined later.

Progressive wage to cover those with RM1,500-RM4,999 monthly salary, MNCs, GLCs exempted, White Paper proposes

Malaysia received nearly 1.5 million tourist arrivals from China and India during the first nine months of 2023 (9M2023), according to Tourism, Arts, and Culture Minister Datuk Seri Tiong King Sing.

Malaysia saw nearly 1.5 million tourists from China and India in 9M2023, says minister

Shares in Pharmaniaga Bhd fell in early trade on Thursday, after the pharmaceutical group proposed a regularisation plan that consists of a capital reduction exercise, renounceable rights issue of news shares plus private placement, to raise up to RM654.61 million to pare down debts.

Pharmaniaga slips on 3Q net loss, opaque outlook

Alliance Bank Malaysia Bhd saw its net profit rise 16.98% to RM185.33 million for the second quarter ended Sept 30, 2023 (2QFY2024), from RM158.42 million a year before, due to higher revenue and lower expected credit losses.

Alliance Bank's 2Q net profit up 17% to RM185m, declares dividend of 10.85 sen

KUALA LUMPUR (Nov 30): Shares in Supermax Corp Bhd fell 7.77% in the morning session on Thursday, after the glovemaker logged a net loss of RM2.05 million in the first quarter ended Sept 30, 2023 (1QFY2024), marking the group’s fourth straight loss-making quarter, as revenue shrunk amid weaker demand and persistent lower selling prices. Its quarterly loss narrowed from the preceding three quarters.

Supermax slides 7.77% after fourth straight loss-making quarter

Elon Musk, the billionaire owner of X, said the advertisers that had stopped spending on the platform due to his endorsement of an antisemitic post can “f——” themselves.

Elon Musk, slinging expletives, says advertiser boycott on X may kill it

Analysts lowered their target prices (TPs) for Axiata Group Bhd, after the telecommunications company’s net loss widened to RM797.41 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM52.4 million a year ago, mainly due to asset impairment and lower share of results from subsidiary CelcomDigi Bhd.

Analysts lower target prices for Axiata on wider 3Q net loss, frontier market risks

KUALA LUMPUR (Nov 30): The revival of several mega infrastructure projects has provided the much-needed impetus to the Malaysian construction sector, driving the construction stocks index on Bursa Malaysia to a two-year high by&nbsp;20.74% year-to-date&nbsp;(as of Nov 27), as well as the industry to post stronger growth.

Revival of mega infrastructure projects sparks construction sector growth, sustainability at work

KUALA LUMPUR (Nov 30): Dissatisfaction over a government decision alone is not the basis to take the&nbsp;government to court, the High Court here remarked on Thursday.

KL-SG high-speed rail suit: ‘Mere dissatisfaction over govt decision alone not basis for legal action’

The Securities Commission Malaysia (SC) said it will not tolerate any non-compliance by capital market players, and will not hesitate to take criminal action against those involved in fraudulent activities.

SC will not hesitate to take criminal action against 'bad actors' in capital market, says chairman

KUALA LUMPUR (Nov 30): RGB International Bhd’s net profit&nbsp;for the third quarter ended Sept 30, 2023 (3QFY2023) jumped 20-fold to RM 26.07 million, compared to a net profit of RM1.08 million a year earlier.&nbsp;

RGB makes quantum leap with 3Q net profit of RM26.07 mil on sturdy sales

Grab-led GX Bank Bhd (GXBank) has officially launched its digital bank to Malaysians, making it the first of the five Bank Negara Malaysia licensees to do so.

GXBank now open to public

KUALA LUMPUR (Nov 30): Gamuda Land unveiled on Thursday,&nbsp;its first hotel project, ASAI Gamuda Cove. The hotel is part of the 1,530-acre Gamuda Cove township development in Selangor and will be managed by Dusit Hotels and Resorts, the hotel arm of Thailand-based hotel and property development company Dusit International.

Gamuda Land unveils first ASAI hotel in Gamuda Cove

KUALA LUMPUR (Nov 30): Hong Leong Bank Bhd’s (HLB) net profit rose 4.93% to RM1.03 billion for the first quarter ended Sept 30, 2023 (1QFY2024) against RM981.41 million a year ago, on higher contributions from the bank’s associates and reversal of impairment losses.

Hong Leong Bank’s 1Q earnings up 5% on better associates’ contribution, reversal of impairment losses

Analysts maintained their "positive" stances on Public Bank Bhd despite diverse reactions to its earnings for the nine-month period ended Sept 30, 2023 (9MFY2023).

Analysts remain positive on Public Bank, but say seasonal rush to capture deposits may limit NIM recovery

RHB Research has maintained its 'buy' recommendation and target price (TP) of 60 sen for Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) following the latest contract win from Petrofac International (UAE) LLC.

Analysts maintain stances on MHB after contract win from Petrofac

TA Securities sees a positive outlook for Malaysia Airports Holdings Bhd (MAHB), against the backdrop of the pending signing of a new operation agreement (OA) and the announcement of the new passenger service charge (PSC) for 2024, and the impairment of receivables comprising mainly RM27.4 million from MyAirline&nbsp;suspension. &nbsp;

TA Securities upgrades MAHB to 'hold', raises target price amid strong recovery prospects

Padini Holdings Bhd's net profit for the first quarter ended Sept 30, 2023 (1QFY2024) fell 45.4% to RM26.67 million, from RM48.86 million a year earlier, due to a drop in the gross profit margin from 39% to 36%.

Padini's 1Q net profit falls 45% to RM26.7m, declares dividend of 2.5 sen

China’s most famous entrepreneur broke years of silence about Alibaba Group Holding Ltd with a call to arms for employees, following years of brutal government punishment and strategic missteps that cost the e-commerce pioneer its place as leader of the country’s tech industry.