<div>This article first appeared in The Edge Financial Daily, on April 12, 2017. 
 
&nbsp;</div>

<div class=newsTextDataWrapInner>BISON Consolidated Bhd (-ve) &nbsp; 
BISON Consolidated Bhd (valuation: N/A, fundamental: N/A), known for its retail convenience store myNEWS.com, saw its counter decline one sen or 0.48% to close at RM2.09 yesterday, with over 1.46 million shares traded.</div>

<div class=newsTextDataWrapInner>The counter was highlighted as a “red flag” stock with momentum by our proprietary algorithm yesterday, suggesting that investors should exercise extra caution while trading.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Shares in the company have gained 90% over its issue price of RM1.10 when first listed on Bursa Malaysia’s Main Market on March 29, 2016. As at March 29 this year, Bison owned and operated 328 convenience stores, and it &nbsp;targets to operate 400 of them by end-2017.</div>

<div class=newsTextDataWrapInner>Bison launched an e-commerce collaboration with EasyParcel called PGEON in February to provide postal users with avenues to have their parcels dropped off or collected at myNEWS.com outlets. Its chief executive officer and executive director Dang Lai Tuk expects PGEON to register a sustained 50% month-on-month growth in transaction volume until July this year.</div>

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

 

BISON Consolidated Bhd (-ve)  
BISON Consolidated Bhd (valuation: N/A, fundamental: N/A), known for its retail convenience store myNEWS.com, saw it...

Stock With Momentum: Bison Consolidated

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

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

President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday a US$100 billion (RM445 billion) investment in the US over the next four years in what would be a boost to the US economy.

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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.

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.

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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.

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.

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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.

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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.

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

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

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Indonesia’s largest party has officially expelled former president Joko Widodo after he spurned the party’s own candidate in February elections and backed Prabowo Subianto’s successful campaign to become leader of Southeast Asia’s biggest economy.

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KUALA LUMPUR (Dec 16): Pengerang Energy Complex Sdn Bhd (PEC)&nbsp;has negotiated financing terms for US$3.5 billion (RM15.58 billion) in project financing from&nbsp;export credit agencies (ECAs) across North America, western and southern Europe, as well as Asia; and Islamic financing from Islamic Development Bank entities.

Pengerang Energy Complex secures US$3.5b project financing from global export credit agencies

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

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

KUALA LUMPUR (Dec 16): Proton's first electric vehicle (EV), the e.MAS 7, will be the official car for Malaysia's Asean Chairmanship in 2025, Prime Minister Datuk Seri Anwar Ibrahim unveiled on Monday.

He said Malaysia hopes to set an example in this region in promoting the development ...

e.MAS 7 to be Asean 2025 official car — Anwar

Singapore's ChemOne Group has delayed the start of its Pengerang Energy Complex (PEC) to the fourth quarter of 2028, with construction set to begin by mid-2025, it said on Monday, after securing more financing for the project.

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The National Higher Education Fund Corp (PTPTN) expects dividends for its Simpan SSPN savings plan to increase in 2024, buoyed by improved investment performance and strategic fund management.

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Imaging company Crest Group Bhd (KL:CREST), which was listed on the ACE Market two months ago, said it is acquiring an industrial property in Puchong, Selangor for RM16.5 million to establish its new headquarters.

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Export of palm oil and related products reached RM99.3 billion in January-November 2024, an increase of RM12.5 billion compared to the same period in 2023.

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Alibaba Group Holding Ltd is nearing a deal to sell its department store business to Youngor Fashion Co for around US$1 billion (RM4.45 billion), according to people familiar with the matter.&nbsp;

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

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Sapura Industrial Bhd (KL:SAPIND) said on Monday that Puncak Exotika Sdn Bhd has ceased to be its substantial shareholder after it disposed of 500,000 shares in the automotive component manufacturer.

In a bourse filing, Sapura Industrial said that the transaction took place last Friday (Dec 13). A check with Bloomberg showed that the shares were traded at 82 sen apiece, or a cumulative RM410,000.

Puncak Exotika ceases to be substantial shareholder in Sapura Industrial

Britain's Labour government has pared back an audit of relations with China, four sources with knowledge of the matter said, preparing the way for a less critical report that could help Prime Minister Keir Starmer focus on improving economic ties.

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Two Singaporean ministers are taking legal action against Bloomberg over an article published on December 12, which they described as "libellous."

Home Affairs and Law Minister K Shanmugam and Manpower Minister Dr Tan See Leng stated in separate Facebook posts that they will be issuing Letters of Demand concerning the article relating to their property transactions.

Singapore ministers to send letters of demand to Bloomberg over 'libellous article'

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.

Aluminium products manufacturer Winstar Capital Bhd, set to be listed on Bursa Malaysia's ACE Market on Dec 19, reported a net profit of RM3.31 million or 1.42 sen per share for the third quarter ended Sept 30, 2024 (3QFY2024).

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The shareholders of precision cleaning and surface treatment service provider MClean Technologies Bhd (KL:MCLEAN) have approved the company’s plan to diversify into plastic injection moulding and undertake a private placement.

MClean's shareholders approve firm's diversification into plastic moulding

President-elect Donald Trump, with SoftBank Group CEO Masayoshi Son at his side, announced on Monday a US$100 billion (RM445 billion) investment in the US over the next four years in what would be a boost to the US economy.

(Dec 16): Cocoa futures reached a fresh record in New York as the market grapples with renewed supply concerns, heightening the odds that the high costs already plaguing chocolatiers and consumers will worsen.

Prices for the crop soared earlier this year as weak harvests in West Africa ...

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Marine &amp; General Bhd's (KL:M&amp;G) net profit rose 46.7% to RM12.1 million in the second quarter ended Oct 31, 2024 (2QFY2025), from RM8.22 million a year ago, as higher charter rates lifted its revenue.