<div class=newsTextDataWrapInner><p>SINGAPORE (July 19): M1 Ltd falls as much as 8.8 pct to S$1.915, its lowest in more than six months.</p></div>

<div class=newsTextDataWrapInner><p>** Malaysia's Axiata Group Bhd along with other major shareholders Keppel Telecommunications &amp; Transportation Ltd and Singapore Press Holdings decided to not proceed with the review of M1</p></div>

<div class=newsTextDataWrapInner><p>** M1 expects decline in NPAT for 2017</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>** Singapore's telecom firm posts its biggest intraday pct fall since Oct. 2008</p></div>

<div class=newsTextDataWrapInner><p>** Over 5.3 mln shares change hands, 3.2 times the 30-day average of 1.7 mln shares</p></div>

<div class=newsTextDataWrapInner><p>** Stock top pct loser on the FTSE ST Mid Cap index</p></div>

SINGAPORE (July 19): M1 Ltd falls as much as 8.8 pct to S$1.915, its lowest in more than six months.

** Malaysia's Axiata Group Bhd along with other major shareholders Keppel Telecommunications & Transportation Ltd and Singapore Press Holdings decided to not proceed with the review ...

Singapore's M1 hits 6-mth low; shareholders call off strategic review

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Canadian Foreign Affairs Minister Melanie Joly said she won’t enter the leadership race to succeed Justin Trudeau as prime minister.

Joly, who has long been seen as a contender for the Liberal Party leadership, will instead focus on her cabinet job ahead of Donald Trump’s inauguration and his threat to impose economically devastating tariffs on Canada.

Canadian Foreign Minister Joly will not enter race to replace Trudeau

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

TNB, Berjaya Corp, Sime Darby Property, Uzma, Metronic, Kumpulan Perangsang Selangor, Key Alliance

US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.

Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan’s preliminary January survey released on Friday.

US consumer inflation expectations jump to highest since 2008, says survey

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Ho Hup gets another winding-up petition over alleged outstanding payment

Constellation Energy Corp surged after it agreed to acquire closely held Calpine Corp for US$16.4 billion (RM73.83 billion) to create the largest fleet of US power stations.

Shares of Constellation climbed as much as 23% in New York trading. Constellation will pay a mixture of cash and stock, and assume about US$12.7 billion of Calpine’s net debt in the deal, the companies said on Friday in a statement.

Constellation Energy surges after agreeing to buy Calpine for US$16.4 bil

Wall Street's main indexes fell on Friday, with the S&P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Wall Street drops after payrolls data; small-cap index set to confirm correction

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Trump spared jail at hush money sentencing, days before inauguration

Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

Senior executive of broadcasting company arrested for alleged money laundering

The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group. 

In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".

Agriculture ministry denies plan to reduce paddy purchase price

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


<p>The Malaysian government has announced preliminary anti-dumping duties on the imports of tinplate — flat-rolled products of iron or non-alloy steel coated with tin — from China, India, Japan and South Korea, effective Saturday (Jan 11), at rates ranging from 2.52% to 36.8%.</p>


Malaysia imposes preliminary anti-dumping duties on tinplate imports

<p>Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.&nbsp;</p>


Canada plots broad tariff retaliation if Trump starts trade war, Bloomberg reports

<p>The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court valued at £2.15 billion (US$2.65 billion).</p>


Family of Thai tycoon brings US$2.7b claim against Leonardo over Leicester City crash

<p>US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.</p>


US job growth beats expectations in December; unemployment rate falls to 4.1%

<p>Deutsche Bank AG has changed the way it judges staff this bonus season, with a greater range of performance ratings and more weight given to non-financial aspects,&nbsp;such as teamwork.&nbsp;</p>

<p>The German lender now has five ratings for employees, up from three, people familiar with the matter said. While the new criteria won’t affect the overall size of the bonus pool, they could mean changes for individual pay, they said, asking not to be identified discussing the private information.</p>


Deutsche Bank tweaks bonuses to emphasise metrics like 'teamwork'

<p>Wall Street's main indexes fell on Friday, with the S&amp;P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.</p>


<p>US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.</p>


<p>Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.</p>


<p>Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.</p>


<p>Energy and commodities trader&nbsp;Vitol&nbsp;is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from London Metal Exchange (LME) warehouses in Port Klang, Malaysia, three sources familiar with the matter said.</p>


Vitol set to cut costs by taking aluminium from LME warehouses in Malaysia, Reuters reports

<p>KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.</p>

<p>Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

<p>Kumpulan Perangsang Selangor Bhd (KL:KPS) on Friday said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted.</p>

<p>In a filing on Friday, KPS said the appeal was filed by its wholly owned Bold Approach Sdn Bhd on Dec 17 last year.</p>


IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor

<p>Economists predict that Malaysia's industrial production output will maintain its positive growth in the coming months, driven by increasing demand, though they remained cautious about potential headwinds arising from growing protectionist policies around the world.</p>


Economists expect Malaysia's industrial output growth to maintain uptrend after November's acceleration

<p>South Korean conglomerate SK Group plans to sell about a fifth of its holding in Vietnam's Vingroup starting from next week, a Vingroup filing showed on Friday.</p>


Vingroup's main foreign investor SK Group to sell part of its stake 

<p>Investors seeking the next obesity-like market opportunity will be closely watching developments related to treatments for&nbsp;Alzheimer’s disease&nbsp;in 2025.</p>


Alzheimer’s drugs eyed as next big obesity-like opportunity

<p>The Housing and Local Government Ministry (KPKT) will expand its collaboration with public institutions of higher learning and related agencies in efforts to strengthen the housing and local government sectors in the country.</p>


Housing Ministry forges partnership to strengthen housing, local government sectors

<p>After more than a decade of development, hype and pent-up demand, Jeff Bezos’ aerospace venture Blue Origin will at long last attempt to put a rocket into orbit.</p>

<p>New Glenn, originally intended to launch as early as 2020, is slated to fly on Sunday out of Cape Canaveral, Florida, during a nearly four-hour launch window that begins at 1am&nbsp;local time.</p>


Jeff Bezos’ Blue Origin to debut new rocket in SpaceX challenge

<p>The selection of Port Dickson as one of the Asean Summit meeting locations is expected to significantly boost the district’s tourism by promoting its beauty to Southeast Asian countries.</p>

<p>Port Dickson Municipal Council (MPPD) president Hasnor Abd Hamid said the council is fully committed to ensuring smooth preparations for the meeting to create a successful event and leave a lasting positive impression on the delegates.</p>


Port Dickson set to gain tourism spotlight as an Asean Summit venue

<p>The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group.&nbsp;</p>

<p>In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".</p>
