<div class=newsTextDataWrapInner>SINGAPORE (March 23): Analysts are staying optimistic on ST Engineering after the group at its inaugural Investor Day on Thursday outlined plans to fuel future growth over the next five years.</div>

<div class=newsTextDataWrapInner>“Ambitious targets were set for revenues and profits with a 2022 timeline,” says DBS Group Research’s lead analyst Suvro Sarkar in a flash note on Friday.</div>

<div class=newsTextDataWrapInner>DBS is keeping its “buy” call on ST Engineering with a higher target price of S$4.10, from S$3.90 previously... <a href="https://www.theedgesingapore.com/st-engineering-gunning-ambitious-growth-targets-2022" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (March 23): Analysts are staying optimistic on ST Engineering after the group at its inaugural Investor Day on Thursday outlined plans to fuel future growth over the next five years.

“Ambitious targets were set for revenues and profits with a 2022 timeline,” says DBS G...

ST Engineering gunning for 'ambitious' growth targets by 2022

Sime Darby Property’s ambitious vision for The City of Elmina involves creating a sanctuary where biodiversity is celebrated, ecosystems are restored, and people find renewed connections with nature. As this city evolves, it leads the charge in sustainable urban living, showing that enhancing urban biodiversity is not only achievable but also essential for our collective future.

Enhancing Urban Biodiversity in the City of Elmina

Zhulian Corp Bhd (KL:ZHULIAN), which is involved in the multilevel marketing (MLM) business and manufactures jewellery and consumer products, reported a drop in third quarter earnings amid lower operating activities due to weak consumer spending.

Zhulian posts lowest quarterly profit since 2017 listing amid lower consumer spending

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

Capital A, ABM Fujiya, Protasco, LFE Corp, TAS Offshore, Kerjaya Prospek, Leong Hup, Tan Chong Motor, MNRB, Pantech

Stellantis NV plans to operate a test fleet of electric vehicles (EVs) powered with solid-state batteries in two years’ time, taking a step towards potential commercialisation of a technology that’s aimed at improving EV performance.

Stellantis to road test EV fleet with solid-state batteries

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed on Wednesday to boost communication and cooperation between their countries and resolve conflicts to help improve ties that were damaged by a deadly military clash in 2020.

Modi and Xi agree to resolve differences, boost India-China ties

A deadly attack was carried out at the Turkish Aerospace Industries' headquarters near Ankara on Wednesday, the government said, as broadcasters showed footage of several armed assailants entering the building amid reports of gunfire and a loud explosion.

Attack at Türkiye aviation site leaves some dead, injured

President Christine Lagarde said the European Central Bank (ECB) is “rather satisfied” with how inflation has slowed to below the 2% goal targeted by officials.

Lagarde says ECB sees ‘really good progress’ on inflation so far

The Ministry of Domestic Trade and Cost of Living will review commission fees imposed by e-commerce platforms on sellers, as part of its efforts to update existing laws in line with rapid changes in the industry.

Domestic trade ministry to review commission fees imposed by e-commerce platforms

Meta Platforms Inc is losing third-party augmented reality (AR) developers to rival Snap Inc following the social media giant’s unexpected decision to shutter its AR studio.

AR filters are popular on Meta’s Instagram and rival Snapchat, where creators use them billions of times each year in images and videos posted on the apps.

Meta is losing developers to Snap amid AR rivalry

The investment and business activities of Koperasi Permodalan Felda Malaysia Bhd (KPF) will not be affected by the Federal Land Development Authority’s (Felda) annual losses, which have exceeded RM1 billion, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Zahid: KPF's business activities not affected by Felda's RM1 bil losses

Leong Hup International Bhd (KL:LHI) on Wednesday said that it has appointed Chong Choon Yeng as its new chief financial officer (CFO), effective Jan 1, 2025.

Former Tan Chong Motor CFO moves to Leong Hup

Bright Moon Venture PLT, linked to businessman Datuk Allan Goh Hwan Hua, had signed financing agreements with investors that allowed it to channel funds to other companies linked to the MYAirline Sdn Bhd co-founder, two aggrieved investors told the High Court on Wednesday.

Bright Moon signed financing agreements that say it can channel funds to other Allan Goh-linked companies, court told

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

Following the availability of the MyInvois portal in June, taxpayers can now issue e-invoices through the MyInvois&nbsp;application on their smartphones at any time, according to the Inland Revenue Board (IRB).

IRB launches 'MyInvois' app for easier e-invoicing

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

A total of 181 Return to Chock (RTC) incidents involving Malaysia Airlines (MAS) aircraft have been recorded so far this year.

The Ministry of Transport (MOT) reported that within the same period, there were 18 Air Turn Back (ATB) incidents, where MAS aircraft were forced to return to the airport after takeoff. This compares to 248 RTC incidents and 13 ATB cases last year.

181 incidents of Malaysia Airlines planes returning to parking position in 2024

MNRB Holdings Bhd's (KL:MNRB) second quarter net profit more than doubled to RM92.74 million, from RM41.57 million a year earlier, on the back of an RM85 million jump in the group's insurance service earnings amid improved claims.

MNRB's 2Q net profit more than doubles on higher insurance service earnings

Plantation and healthcare group TDM Bhd (KL:TDM), in which Terengganu Inc Sdn Bhd owns a nearly 60% stake, is planning to raise up to RM1.5 billion via a sukuk wakalah programme to fund the company's borrowings, capital expenditure, investments, working capital and other general corporate purposes.

TDM launches RM1.5b sukuk programme

Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a "fundamental culture change" at the struggling planemaker as its quarterly losses surged to US$6 billion (RM26.1 billion) due to a crippling strike.

Boeing CEO warns no quick fix to planemaker's crisis as losses balloon to US$6b

Pantech Group Holdings Bhd (KL:PANTECH) said its second quarter net profit fell 27% to RM20.74 million, from RM28.42 million a year earlier, hurt by lower sales delivery to local oil and gas (O&amp;G) projects at its trading division, and foreign exchange losses.

Pantech’s 2Q net profit down 27% on lower domestic sales, forex losses

With shares falling and profits shrinking, Tesla Inc&nbsp;is increasingly looking like the odd one out among its mega-cap technology peers. Investors worry that quarterly results will make the electric-vehicle (EV) maker even more of an outlier.

Tesla earnings could show EV maker falling further behind Big Tech

Zhulian Corp Bhd (KL:ZHULIAN), which is involved in the multilevel marketing (MLM) business and manufactures jewellery and consumer products, reported a drop in third quarter earnings amid lower operating activities due to weak consumer spending.

Protasco Bhd (KL:PRTASCO) said on Wednesday that an affordable housing project awarded by Perbadanan Putrajaya in 2022 has been revised with a new name and with a lower number of units.

Protasco announces revision in public housing project awarded by Perbadanan Putrajaya

Wall Street's main indexes moved lower on Wednesday, as worries of a less dovish Federal Reserve lifted treasury yields, while losses in McDonald's and Coca-Cola also weighed on investors' minds.

Wall Street loses ground as bond yields rise; McDonald's, Coca-Cola slip

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi agreed on Wednesday to boost communication and cooperation between their countries and resolve conflicts to help improve ties that were damaged by a deadly military clash in 2020.

A deadly attack was carried out at the Turkish Aerospace Industries' headquarters near Ankara on Wednesday, the government said, as broadcasters showed footage of several armed assailants entering the building amid reports of gunfire and a loud explosion.

A government backbencher has called for more details on the proposed law on house arrest, noting that it has sparked a lot of controversy amid speculation that the Bill being drafted would only benefit certain inmates.

Jelutong MP asks if proposed House Arrest Bill would only benefit certain inmates

Stellantis NV plans to operate a test fleet of electric vehicles (EVs) powered with solid-state batteries in two years’ time, taking a step towards potential commercialisation of a technology that’s aimed at improving EV performance.

Meta Platforms Inc is losing third-party augmented reality (AR) developers to rival Snap Inc following the social media giant’s unexpected decision to shutter its AR studio.

AR filters are popular on Meta’s Instagram and rival Snapchat, where creators use them billions of times each year in images and videos posted on the apps.

The investment and business activities of Koperasi Permodalan Felda Malaysia Bhd (KPF) will not be affected by the Federal Land Development Authority’s (Felda) annual losses, which have exceeded RM1 billion, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.