<div>This article first appeared in<em> The Edge Financial Daily,</em> on April 12, 2017.<br />
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<div class=newsTextDataWrapInner><p><strong>Bina Puri Holdings Bhd (-ve)</strong><br />
SHARES in Bina Puri Holdings Bhd (valuation: 0.9/3, fundamental: 0.15/3) gained half a sen or 1.1% to close at 46 sen yesterday, with 5.62 million shares done.</p></div>

<div class=newsTextDataWrapInner><p>Last week, the construction firm announced that its indirect Indonesian unit PT Megapower Makmur Tbk on March 3 reapplied to be listed on the Indonesian Stock Exchange (IDX).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The subsidiary, primarily engaged in micro power generation, had planned to list in August last year, but was unable to do so following the expiry of the preliminary listing agreement it inked with the IDX on May 16 last year.</p></div>

<div class=newsTextDataWrapInner><p>The listing, which involves a public issue of up to some 30.93% of PT Megapower’s total issued and paid-up share capital, would dilute Bina Puri’s effective stake in the company to 44.2% from 64% currently.</p></div>

<div class=newsTextDataWrapInner><p>For the financial year ended Dec 31, 2016, Bina Puri’s net profit dropped 69.07% to RM1.04 million from RM3.37 million in FY15, while revenue declined 14.75% to RM1.05 billion from RM1.22 billion.</p></div>


This article first appeared in The Edge Financial Daily, on April 12, 2017.

 

Bina Puri Holdings Bhd (-ve)
SHARES in Bina Puri Holdings Bhd (valuation: 0.9/3, fundamental: 0.15/3) gained half a sen or 1.1% to close at 46 sen yeste...

Stock With Momentum: Bina Puri Holdings

KUALA LUMPUR (Dec 17): Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook, according to a statement on Monday.

Fitch affirms Malaysia’s long-term issuer rating with stable outlook

Vanzo Holdings Bhd (KL:VANZO) shares staged a strong debut on the ACE Market as it raised close to RM21 million from its initial public offering (IPO).

Shares of the air fragrance maker opened at 17.5 sen, a 2.5 sen or 16.7% premium to its IPO price of 15 sen per share.

Vanzo shares up 17% on strong ACE market debut

SAO PAULO/BRASILIA (Dec 16): Market anxiety dragged Brazil's real currency to a historic low on Monday, as significant central bank interventions again failed to counter market concerns over government spending.

Brazilian currency hits record low amid ongoing fiscal woes

WASHINGTON (Dec 16): TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the Supreme Court to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan 19, or face a ban.

TikTok turns to US Supreme Court in last-ditch bid to avert ban

SINGAPORE (Dec 17): Singapore’s non-oil domestic exports rose 3.4% in November 2024, from the same month a year earlier, data on Tuesday showed, as shipments of electronics increased, while non-electronics declined.

Singapore’s November exports rise 3.4% y-o-y, stronger than forecast

KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.

Miti extends deferral of 80:20 employment ratio rule for manufacturing sector

MORNING CALL: 17/12/24

Glenfiddich honours the virtues of extended ageing with the limited-edition 31-year-old Grand Château

Finished with a flourish

(Dec 17): Equities in Asia were poised to open lower on Tuesday, ahead of interest-rate decisions by major central banks across the globe due later this week, including the US Federal Reserve.

Asian stocks to slip ahead of key rate decisions

(Dec 17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.

Canada runs deeper deficits as finance minister resigns

<p>The central bank also proposes to recategorise certain home financing products as personal financing, with a tenure cap of 10 years.</p>


BNM plans to abolish flat rate rule on personal financing products to prevent penalising early repayers

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


Gamuda, Winstar Capital, MClean, DRB-Hicom, Sapura Industrial, NTPM, Crest, M&G, George Kent, Infomina, Perdana Petroleum, Advancecon

<p>The East Coast Rail Line (ECRL) project has achieved 76.06% progress as of November, Malaysia Rail Link (MRL) Sdn Bhd chief executive officer Datuk Seri Darwis Abdul Razak said.</p>

<p>The progress was on track to ensure that the project will be completed in December 2026 for the Kota Bharu to Gombak Integrated Terminal and then to Jalan Kastam in December 2027, he added.</p>


ECRL project reaches 76% completion as of November — MRL

<p>KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.&nbsp;</p>


<p>Canada's Finance Minister Chrystia Freeland quit on Monday after clashing with Prime Minister Justin Trudeau on issues including how to handle possible US tariffs, dealing another blow to an already unpopular government.</p>


Canada's finance minister quits, in blow to Trudeau's government

<p>(Dec&nbsp;17) :&nbsp;Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US, as they gird for new levies from the self-proclaimed “tariff man”.</p>


China’s factories seek to Trump-proof business by going global

<p>The ringgit has strengthened by 2.8% against the US dollar as of Nov 22, 2024, according to the Ministry of Finance (MOF).</p>


Ringgit strengthened 2.8% against US dollar as of Nov 2024 — MOF

<p>The implementation of the 15% global minimum tax (GMT) starting next year is expected to have a positive impact on the country’s financial position, according to the Ministry of Finance (MOF).</p>


MOF sees global minimum tax boosting Malaysia’s financial position 

<p>(Dec&nbsp;17) :&nbsp;US stocks broadly ended Monday’s session higher, as traders geared up for interest-rate decisions by major central banks across the globe due later this week.&nbsp;</p>


US stocks close higher with Fed rate-cut expected

<p>(Dec&nbsp;17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.</p>


<p>The S&amp;P 500 and the Nasdaq climbed while the Dow was flat on Monday, as investors looked ahead to an anticipated Federal Reserve interest rate cut later in the week, as well as several key data releases that will help set the tone for policy next year.</p>


S&P 500, Nasdaq rise on optimism ahead of rate cut, economic data

<p>Vanzo Holdings Bhd (KL:VANZO) shares staged a strong debut on the ACE Market as it raised close to RM21 million from its initial public offering (IPO).</p>

<p>Shares of the air fragrance maker opened at 17.5 sen, a 2.5 sen or 16.7% premium to its IPO price of 15 sen per share.</p>


<p>MicroStrategy shares rose about 3% on Monday as the software company and bitcoin buyer was set to join the tech-heavy Nasdaq 100 index, further brightening the prospects of the stock.</p>

<p>The US$25.7 trillion index that houses the largest non-financial companies will now gain indirect exposure to bitcoin via MicroStrategy, which holds US$44 billion worth of the digital currency on its balance sheet, about 2% of the total supply of the world's largest cryptocurrency.</p>


Bitcoin buyer MicroStrategy's Nasdaq 100 entry to support stock rally

<p>(Dec 17):&nbsp;Equities in Asia were poised to open lower on Tuesday, ahead of interest-rate decisions by major central banks across the globe due later this week, including the US Federal Reserve.&nbsp;</p>


<p>America’s surprisingly robust economy has raised expectations that US interest rates will stay high compared to Europe next year.</p>


The US-euro rate gap that triggered Trump’s Fed bashing is set to widen again

<p>The US Energy Department on Monday said it has finalised a US$9.63 billion (RM42.8 billion) loan to a joint venture of Ford Motor and South Korean battery maker SK On to help finance construction of three new battery manufacturing plants in Tennessee and Kentucky.</p>


US finalises US$9.63b loan for Ford, SK On joint battery venture

<p>Activity at US service providers is expanding at the fastest pace since October 2021, providing momentum for the economy even as the downturn in manufacturing worsens.</p>


US services activity expands by most in more than three years

<p>SINGAPORE (Dec 17): Singapore’s non-oil domestic exports&nbsp;rose 3.4%&nbsp;in November 2024, from the same month a year earlier, data on Tuesday showed, as&nbsp;shipments of electronics increased, while non-electronics declined.</p>


<p>WASHINGTON (Dec 16): TikTok made a last-ditch effort on Monday to continue operating in the United States, asking the&nbsp;Supreme Court&nbsp;to temporarily block a law intended to force ByteDance, its China-based parent company, to divest the short-video app by Jan&nbsp;19, or face a ban.</p>


<p>SAO PAULO/BRASILIA (Dec 16): Market anxiety dragged Brazil's real currency to a historic low on Monday, as significant central bank interventions again failed to counter market concerns over government spending.</p>
