<div class=newsTextDataWrapInner><p>SINGAPORE (April 28): Singapore Technologies Engineering has injected US$66 million ($89 million) into the capital of its US headquarters, Vision Technologies Systems, Inc (VT Systems), for the repayment of bank loans.</p></div>

<div class=newsTextDataWrapInner><p>This brings the company's total investment in VT Systems to US$343.96 million.</p></div>

<div class=newsTextDataWrapInner><p>Following the capital injection, VT Systems has capitalised its outstanding loan balance of US$35.28 million and US$33.08 million in its subsidiaries, Vision Technologies Kinetics, Inc and Vision Technologies Land Systems, Inc respectively.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Vision Technologies Land Systems has, in turn, capitalised its outstanding loan balance of US$33.08 million in its subsidiary, VT Hackney, Inc.</p></div>

<div class=newsTextDataWrapInner><p>ST Engineering says the capital injection is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of company for the current financial year.</p></div>

<div class=newsTextDataWrapInner><p>ST Engineering closed 1.9% lower at $3.17.</p></div>


SINGAPORE (April 28): Singapore Technologies Engineering has injected US$66 million ($89 million) into the capital of its US headquarters, Vision Technologies Systems, Inc (VT Systems), for the repayment of bank loans.

This brings the company's total investment in VT Systems to US$343.9...

ST Engineering injects US$66 mil into US subsidiary VT Systems

KUALA LUMPUR (Oct 8): CIMB Securities welcomes the idea of raising the windfall profit levy (WPL) threshold by the government, in the upcoming Budget 2025, as such a move could boost the earnings of Malaysian plantation companies by up to 5%.

“We would view it positively if the governme...

CIMB: Higher windfall profit levy threshold may drive profit growth for Malaysian planters

KUALA LUMPUR (Oct 8): The Life Insurance Association of Malaysia (LIAM) is proposing that the government expands tax relief for medical and health insurance in the upcoming Budget 2025, which will be presented in Parliament on Oct 18.

Insurers call for more tax relief on medical, health insurance in upcoming Budget 2025

Chief Inspector Azilah Hadri will know on Thursday (Oct 10) if the Federal Court would allow his review over the death sentence being passed on him for murdering Mongolian Altantuya Shaariibuu to be remitted to a prison sentence of 30 to 40 years.

Azilah to know the fate of his review on Thursday

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.02% to 1,635.62 on Oct 8, 2024 

SHAH ALAM (Oct 8): The Magistrate’s Court extended the remand order on three individuals, including a GISB Holdings Sdn Bhd (GISB) financial officer, on Tuesday.

Remand extended for three linked to GISB including financial officer

(Oct 8): Ares Management Corp has agreed to acquire GLP Capital Partners Ltd’s operations outside of China, people familiar with the matter said, in what could rank as one of the biggest recent combinations in the alternative asset management industry.

Ares is said to agree on acquisition of GCP’s ex-China business

Thailand expects foreign tourist arrivals to reach 40 million next year, topping the pre-pandemic record, with authorities enlisting the help of companies including Trip.com Group Ltd and Expedia Group Inc to lure travellers.

Thailand sees tourist arrivals at pre-pandemic level next year

Some 56% of existing offices in Kuala Lumpur need urgent modernisation to meet the current building codes energy efficiency requirements, according to French-based digital automation and energy management corporation Schneider Electric.

Schneider Electric: More than half of KL's offices urgently need modernisation to meet energy efficiency standards

Singapore’s largest telecoms operator Singapore Telecommunications Ltd said some customers, including public service hotlines, may be experiencing “intermittent fixed voice service issues”.

Singapore telco service disruption affects emergency calls

A lack of details on China's long-awaited fiscal stimulus caused a rally in Chinese shares to fizzle on Tuesday, sending Hong Kong stocks tumbling and dragging down European companies and oil prices.

Waning China euphoria dents Europe and hammers Hong Kong

<p>A corporate development is brewing at Public Bank Bhd (KL:PBBANK), sources say, with the country’s third-largest banking group by assets believed to be undertaking a potential acquisition of a related company.</p>


Corporate development brewing at Public Bank — sources

<p>For the first time since 2007, the deposit level in Malaysia’s foreign currency account (FCA) saw a significant drop in the month of August.</p>

<p>Based on Bank Negara Malaysia’s data, the deposits declined by RM11 billion to RM246 billion in that month. Prior to August, deposits in the FCA, ...

Alternative Views: Why the ringgit’s appreciation is losing its momentum for now

<p>A total of 29 areas around the federal&nbsp;capital were set to experience unscheduled water supply disruptions beginning at 6am on Tuesday, due to emergency repairs on a burst pipe at Hub Pasar Seni here.</p>


Unscheduled water disruption in 29 areas in KL following pipe burst

<p>Emerging-market currencies declined for a fifth consecutive session on Monday as traders scaled back bets on another big interest-rate cut from the US Federal Reserve (Fed) amid signs of a resilient US economy.</p>


Emerging-market currency rout deepens as traders temper Fed bets; ringgit among worst performers

<p>KUALA LUMPUR (Oct 8): The appreciation of the Malaysian ringgit against the US dollar was “a bit fast” during the three-month span between July and October this year, which may disrupt business planning and cause companies to struggle to adjust prices and operations smoothly, according to the World Bank.&nbsp;</p>


Pace of ringgit’s appreciation was ‘a bit fast’, says World Bank lead economist

<p>The World Bank has raised its forecast for Malaysia's economic growth for 2024 to 4.9%, up 0.6 percentage points from its previous forecast of 4.3% in April 2024, following the country's stronger-than-anticipated performance in the first half of the year that reflected robust growth in consumption, investment, and trade activity.</p>


World Bank raises Malaysia's growth forecast to 4.9% after stronger-than-expected first half of 2024

<p>A lack of details on China's long-awaited fiscal stimulus caused a rally in Chinese shares to fizzle on Tuesday, sending Hong Kong stocks tumbling and dragging down European companies and oil prices.</p>


<p>Automotive parts supplier KHPT Holdings Bhd (KL:KHB) made a strong debut on Tuesday&nbsp;on the ACE Market of Bursa Malaysia.</p>

<p>The group’s shares opened at 29 sen, marking a nine sen or 45% premium over its issue price of 20 sen per share, with an opening volume of 15 million shares traded at 9am.</p>


Automotive parts manufacturer KHPT opens 45% higher on ACE Market debut

<p>Chinese high-tech company ISVision (Hangzhou) Technology Co&nbsp;Ltd&nbsp;has expressed&nbsp;interest in entering the Malaysian market, Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa said.</p>


Chinese high-tech company ISVision eyeing Malaysian market entry, says Zaliha

<p>Selangor Dredging Bhd (KL:SDRED) has launched its latest lakeside&nbsp;landed residential development named Senai, located in Taman Putra Perdana, Puchong.</p>

<p>According to a press statement on Monday, the first phase of the development will offer 200 units of three-storey strata-titled landed homes that come in built-up sizes of 1,900 to 3,600 sq ft, with selling prices of over RM1 million. Further details of the upcoming phases are forthcoming.&nbsp;</p>


Selangor Dredging launches Senai landed homes in Puchong

<p>SHAREHOLDERS of low-cost carrier Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) will vote on the former’s proposed disposal of its aviation business to its medium-haul affiliate for RM6.8 billion at their extraordinary general meetings on Oct 14 and 16 respectively.</p>

<p>The corporat...

Diving deep into RM6.8 bil merger of AirAsia X, Capital A’s aviation assets

<p>KUALA LUMPUR (Oct 8): Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday as investors cheered the latest contracts win, while analysts stayed optimistic on the oil-and-gas services firm’s outlook.</p>


Dayang Enterprise shares climb as investors, analysts stay buoyant on outlook

<p>Shares of Pertama Digital Bhd (KL:PERTAMA) took another dive on Tuesday to their lowest in nearly four years while the digital services company said it could not explain the latest sharp decline.</p>


Pertama Digital hits limit down again, unable to explain latest decline

<p>BlackRock Inc and the hotel unit of Malaysian developer YTL Corp (KL:YTL) are set to purchase a group of serviced apartments in a prime office building in Singapore’s central business district (CBD), according to people familiar with the matter.</p>


BlackRock, YTL unit to buy Singapore's Citadines Raffles Place

<p>A selloff in some of the world’s largest technology companies dragged down stocks, extending a slide that was also driven by geopolitical angst and bets the US Federal Reserve (Fed) will opt for a smaller rate cut next month.</p>


US stocks hit by tech rout as war jitters lift oil

<p>Budget 2025, which is set to be tabled in Parliament next week, presents a good opportunity for the government to reintroduce the goods and services tax (GST) as the economy is stable, with an outlook bullish for 2025 and no significant political concerns, said an industry think tank.</p>


Budget 2025 the right time to reintroduce GST, says SERC

<p>China said it is confident in reaching its economic targets this year and promised to further support growth, although it held back in unleashing more major stimulus in a disappointment to investors looking for more fuel for a&nbsp;world-beating&nbsp;stock rally.</p>


China vows to hit economic goals, stops short of large stimulus

<p>Yenher Holdings Bhd (KL:YENHER) is now entering a multi-year growth phase that could potentially see the animal health products maker’s earnings double or triple in the coming years, said Hong Leong Investment Bank (HLIB).</p>


Yenher's earnings may accelerate, HLIB flags in starting coverage

<p>The Federal Court on Tuesday upheld the death sentence imposed on lawyer N Pathmanabhan and farmhand T Thilaiyalagan for the murder of cosmetics millionaire Datuk Sosilawati Lawiya and her three aides.</p>


Sosilawati murderers to face death sentence as Federal Court dismisses review attempt

<p>KUALA LUMPUR (Oct 8): IKEA Malaysia recorded a turnover of RM1.46 billion for its financial year 2024 ended August 2024 (FY2024), down 4.2% year-on-year (y-o-y).</p>
