<div class=newsTextDataWrapInner>KUALA LUMPUR (June 11): Sunsuria Bhd is targeting to enjoy RM1 billion property sales per year moving forward. 
 
Its executive director Kong Wai Seng said the group is targetting to record sales of about RM900 million for the current financial year ending Sept 30, 2016 (FY16). The property developer has changed its financial year-end from March to September. 
 
"Put aside the consideration of changing financial year-end, total launches of the group would worth about RM1 billion in the next 12 months," Kong told a press conference after the group's extraordinary general meeting (EGM) today. 
 
Kong said the bulk of the launches will be coming from the group's township development around the Xiamen University Malaysia campus in Bandar Kota Warisan, Sepang, Selangor, which measures 331.27 acres, with a gross development value (GDV) of RM6.4 billion. 
 
"The GDV for first phase of the development is about RM900 million. It will feature 663 units of low-rise apartments, priced below RM400,000 per unit," Sunsuria executive chairman Datuk Ter Leong Yap said. 
 
"Our products in the near term will mostly be low-rise and landed. (That's) because this type of building enjoy quick construction and turnaround period, giving us more cash to fund the remaining part of the township development," he added. 
 
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KUALA LUMPUR (June 11): Sunsuria Bhd is targeting to enjoy RM1 billion property sales per year moving forward.

Its executive director Kong Wai Seng said the group is targetting to record sales of about RM900 million for the current financial year ending Sept 30, 2016 (FY16). The pr...

Sunsuria eyes RM1b property sales per year

The chair and top Democrat on a US House of Representatives committee on China on Friday told the CEOs of Google-parent Alphabet and Apple they must be ready to remove TikTok from their US app stores on Jan 19.

US lawmakers tell Apple, Google to be ready to remove TikTok from app stores on Jan 19

A top trade adviser to President-elect Donald Trump told Reuters on Thursday that the new administration would not look "fondly" on any attempt by China to manipulate its currency, responding to a Reuters report that authorities there were considering allowing the yuan to weaken next year.

Peter Navarro, Trump's incoming senior counselor for trade and manufacturing, said the White House would not interfere with the Treasury Department's biannual review looking into whether foreign trade partners are manipulating their currencies.

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The Malaysian Pharmacists Society (MPS) strongly advocates for the development of a national health financing (NHF) system as an urgent priority to address escalating healthcare costs, enhance access and establish a sustainable healthcare model for all Malaysians.

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Former finance minister Lim Guan Eng is opposing Tan Sri Muhyiddin Yassin's request to postpone the payment of the judgment debt of RM1.402 million in their defamation case.

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Wall Street's main indexes rose on Friday with Nasdaq outperforming after an upbeat forecast from Broadcom kept alive the euphoria around artificial intelligence and lifted chip stocks.

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Police are tracking down a woman who claimed she would be marrying the Crown Prince of Pahang, Tengku Hassanal Ibrahim Alam Shah.

Pahang police tracking woman claiming she will marry Tengku Hassanal

US import prices barely rose in November as increases in the costs of food and fuels were partially offset by decreases elsewhere, thanks to a strong dollar and suggesting that inflation pressures could subside in the months ahead.

US import prices rise marginally in November

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

Lotte Chemical Titan, Yinson, Telekom Malaysia, T7 Global, Datasonic, Exsim Hospitality, Sime Darby, Carzo, GIIB

A former remisier pleaded not guilty in the Sessions Court here on Friday to a charge of defrauding the son of former Federal Territories minister Datuk Seri Raja Nong Chik Raja Zainal Abidin in the purchase of a golf equipment supply company's shares last year.

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Lotte Chemical Titan Holdings Bhd (KL:LCTITAN) has announced the temporary shutdown of one of its plants at the Pasir Gudang Complex in Johor, effective Dec 15, to mitigate losses stemming from a prolonged downturn in the petrochemical industry.

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Datuk Seri Najib Razak has questioned the current government's efforts in its bid to locate fugitive Low Taek Jho (Jho Low).

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Following the latest semi-annual review, 28 new constituents have been included in the FTSE4Good Bursa Malaysia (FTSE4Good) index, with 22 new inclusions to the FTSE4Good Bursa Malaysia Shariah (FTSE4Good Shariah) index.

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KUALA LUMPUR (Dec 13): Petronas Chemicals Group Bhd&nbsp;chairman&nbsp;Datuk Dr Abdul Rahim Hashim&nbsp;will resign from his post, effective Jan 1, 2025.&nbsp;

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Malaysia's palm oil production is set to fall for the fourth consecutive month in December as heavy rainfall hit harvesting in the world's second-largest producer of the tropical oil, the industry regulator told Reuters on Friday.

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KUALA LUMPUR (Dec 13): A group of government backbenchers has called on Bank Negara Malaysia (BNM) to limit any increase in insurance premiums to less than 10%, ahead of the interim measures that will be announced next week.

In a joint statement on Friday, the lawmakers justified the pr...

Lawmakers urge BNM to cap insurance premium increases at 10%

KUALA LUMPUR (Dec 13): Yinson Holdings Bhd’s (KL:YINSON) net profit fell 19.4% to RM200 million in the third quarter ended Oct 31, 2024 (3QFY2025), from RM248 million a year ago, as it recorded lower revenue and higher administrative expenses, as well as finance costs.

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China's foreign ministry on Friday urged US politicians to exercise more "common sense" after a US senator called for a probe into imports of Chinese garlic, citing concerns about food safety and labour practices in the country.

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Former finance minister Lim Guan Eng is opposing Tan Sri Muhyiddin Yassin's request to postpone the payment of the judgment debt of RM1.402 million in their defamation case.

ALOR SETAR (Dec&nbsp;13): Batik Air officially launched its direct flight between Kuala Lumpur and Alor Setar&nbsp;on Thursday (Dec 12),&nbsp;marking a significant milestone in connecting the capital with the vibrant northern region of Malaysia.

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KUALA LUMPUR (Dec 13): T7 Global Bhd (KL:T7GLOBAL) has received a letter of award (LOA) from Petronas Carigali Sdn Bhd for the provision of pan-Malaysia offshore maintenance, construction, modification (MCM), and hook-up commissioning (HUC) services.

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KUALA LUMPUR (Dec 13): The first transmission of green electricity with a capacity of 50 megawatts (MW) from Malaysia to Singapore began on Friday, according to the Ministry of Energy Transition and Water Transformation (Petra).

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Malaysia is strategically positioned as it hosts a significant presence of global solar panel producers and benefits from abundant sunshine, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.

Malaysia positioned as key player in solar panel production, says Liew

Malaysia will have to rely on household spending next year as investments are likely to moderate due to uncertainties around US trade policy while exports may soften amid global slowdown.

Malaysia will have to rely on household spending for growth amid uncertainty over Trump — ANZ

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

Yinson Holdings Bhd (KL:YINSON) has appointed its chief strategy officer Chai Jia Jun to take on the role of group chief financial officer, while maintaining his current position.

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Two dozen migrant workers who allege they were subjected to forced labour at a Malaysian factory while making parts for British vacuum cleaner manufacturer Dyson can sue the company in London, the Court of Appeal ruled on Friday.

Malaysian workers' lawsuit against Dyson revived by UK court 

Shareholders of Datasonic Group Bhd (KL:DSONIC) have rejected the company's proposal to relax the requirement to adopt directors' written resolutions at its extraordinary general meeting (EGM).

This was one of two resolutions that were not passed at the EGM, which saw a total of five resolutions brought up for voting by its shareholders.

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(Dec 13):&nbsp;Elon Musk renewed his longstanding feud with the Securities and Exchange Commission (SEC) on Thursday by posting a letter that said the agency is investigating his brain-computer interface company, Neuralink Corp.

Musk ups SEC feud by posting letter disclosing Neuralink probe

Chinese shares declined as authorities again left investors guessing on the specifics of a fiscal stimulus even as their key policy meeting&nbsp;vowed&nbsp;to boost consumption.