<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 14): Texchem Resources Bhd shares rose 3.07% in thin trade this morning after it proposed to dispose of its 30% interest in Fumakilla Asia Sdn Bhd (FASB) and 26.36% interest in PT Fumakilla Nomos (PTFN) to Japan's Fumakilla Ltd (FJ) for a total of RM80.5 million.</div>

<div class=newsTextDataWrapInner>At 9.23am, Texchem rose 5 sen to RM1.68 with 75,700 shares traded.</div>

<div class=newsTextDataWrapInner>Texchem said the FASB stake is to be sold for RM61.5 million, and the PTFN stake for RM19 million.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>FASB owns Fumakilla Malaysia Bhd and Fumakilla Vietnam Pte Ltd, which are involved in the manufacturing and sale of household insecticides, while PTFN produces and sells mosquito coils for local and export markets.</div>

<div class=newsTextDataWrapInner>Texchem had earlier disposed of its 70% equity interest in FASB and PTFN to FJ for US$42.4 million (about RM178.6 million) on March 21, 2012.</div>

KUALA LUMPUR (Oct 14): Texchem Resources Bhd shares rose 3.07% in thin trade this morning after it proposed to dispose of its 30% interest in Fumakilla Asia Sdn Bhd (FASB) and 26.36% interest in PT Fumakilla Nomos (PTFN) to Japan's Fumakilla Ltd (FJ) for a total of RM80.5 million.

At 9....

Texchem rises 3.07% on plan to dispose of Fumakilla stake

(Jan 23): Saudi Arabian Crown Prince Mohammed bin Salman told President Donald Trump that the kingdom wants to put US$600 billion (RM2.66 trillion) into expanded investment and trade with the United States over the next four years, the Saudi state news agency said early on Thursday.

Saudi Arabia plans US$600 bil in new US investment, trade over four years

US Secretary of State Marco Rubio criticised Beijing’s “dangerous and destabilising” actions in the South China Sea in his early days in office, while reaffirming Washington’s “ironclad” commitment to defend the Philippines.

Rubio slams China, vows ‘ironclad’ defence for Philippines 

WASHINGTON (Jan 22): President Donald Trump's administration has directed US prosecutors to criminally probe local officials who resist immigration enforcement efforts, intensifying a sweeping crackdown that Trump launched the day he took office.

Trump steps up immigration crackdown, warns city, state officials against interference

OpenAI and Japanese conglomerate SoftBank will each commit US$19 billion to fund Stargate, a joint venture to develop data centres for artificial intelligence in the US, the Information reported on Wednesday.

OpenAI, SoftBank each commit US$19b to Stargate AI data centre — report

BENGALURU (Jan 22): New Fortress Energy said on Wednesday that it signed an agreement with Energiza to supply natural gas to a 478-megawatt combined-cycle power plant being developed in San Juan, Puerto Rico.

New Fortress Energy signs gas supply agreement with Energiza

Oil prices dipped in early trade on Thursday, extending losses amid uncertainty over how proposed tariffs by US President Donald Trump on several countries would impact global economic growth and energy demand.

Oil prices extend losses on uncertainty over Trump tariff impact 

China, Thailand and other nations have reached a deal to target cybercrime centres that have taken root in Southeast Asian nations — a sign the governments are keen to crack down on gangs stealing millions of dollars from their people and damaging tourism.

China, Southeast Asian nations pledge to deal with scam centres

More than half of American businesses in China, the highest level in five years, say they are concerned about a further deterioration in the bilateral relationship between the world's two largest economies, a survey published on Thursday showed

American firms in China fearful of US-China trade turmoil at five-year high, survey shows

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

SK Hynix posts record quarterly profit, surpassing Samsung on AI boom 

A surge of solar power output helped the green energy source overtake coal-fired stations in the European Union for the first time last year, a report shows.

Solar produced more power than coal in EU for first time in 2024

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

Sunway, CapitaLand Malaysia Trust, Sentral REIT, AME REIT, Jentayu, Power Root 

Oriental Kopi Holdings Bhd (KL:KOPI) surged more than 70% during its trading debut on Thursday, following strong demand for the café chain operator’s initial public offering (IPO).

Oriental Kopi hits opening gong with 71% premium on ACE Market debut

Elon Musk openly questioned whether companies that joined President Donald Trump’s announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

Musk and Altman spar over US$100b AI venture hyped by Trump

CNN, a unit of Warner Bros Discovery, plans to lay off hundreds of employees on Thursday, as it refocuses the business around a global digital audience, CNBC reported on Wednesday, citing people familiar with the matter.

CNN and NBC News to lay off employees — report

Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Wednesday, weighed down by concerns over weakening demand from India due to cheaper alternatives, a trader said.

CPO futures close lower on concerns over weakening demand from India

Six individuals have been arrested and goods worth RM113 million confiscated in police raids on seven company premises in Selangor and Kuala Lumpur suspected of smuggling iron and metal products from abroad.

Bukit Aman Internal Security and Public Order Department director Datuk Seri Azmi Abu Kassim said those detained in the raids on Jan 17 comprised two local men, one local woman and three foreign men, aged between 33 and 50.

Police arrest six, RM113 mil worth of iron products seized in anti-smuggling raids

One of the world’s biggest crop traders has halted loading of grain vessels at US Gulf terminals as the region’s worst snowstorm in 130 years slams the region.

Crop trader declares force majeure along US Gulf during rare southern snow

Stocks in Asia are set to edge higher after a rally in big tech, fuelled by optimism over artificial intelligence and a batch of earnings from corporate heavyweights, sent the S&amp;P 500 to the brink of an all-time high close.

Asian stocks to trend higher after S&P 500 surges

The Kedah state government is terminating the contractor's services for the Sungai Limau Water Treatment Plant project in Baling because the contractor failed to complete the project within the set timeframe.

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said all government projects must adhere to standard operating procedures (SOPs) and regulations stipulated by law.

Kedah fires water treatment plant project contractor over delay

South Korea's SK Hynix forecast sales of its high-end semiconductors used in generative artificial intelligence chipsets would double this year after reporting a record quarterly profit that surpassed its bigger rival Samsung.

Samsung Electronics Wednesday unveiled its newest Galaxy S25 smartphones, powered by Qualcomm's chips and Google's artificial-intelligence model, hoping its upgraded AI features can reinvigorate sales and fend off Apple and Chinese rivals.

Samsung unveils AI smartphones with Qualcomm chips, teases slimmer Galaxy phones

All travel agencies, particularly Umrah operators, must have a bank guarantee of RM250,000 to ensure the quality of the services offered and safeguard the welfare of pilgrims.

Malaysia Association Tour Agency (Mata) president Datuk Seri Dr Mohd Khalid Harun said this is in line with the Ministry of Tourism, Arts and Culture’s (Motac) proposal to require Umrah operators to possess a minimum bank guarantee of RM250,000.

Travel agencies must have bank guarantee of RM250,000 to operate — Malaysia Association Tour Agency

E-commerce giant Amazon.com is exiting its operations in the Canadian province of Quebec, leading to the loss of about 1,700 full-time jobs, the company said on Wednesday, prompting Ottawa to express its unhappiness.

Amazon exits Quebec operations, to cut about 1,700 jobs; Ottawa unhappy

The yield gap between Singapore’s ultra-long bonds versus treasuries is expected to expand from already-record levels as the nations’ debt supplies continue to diverge.

Singapore’s record yield gap with US set to widen on debt supply

The Malaysian Anti-Corruption Commission (MACC) crippled a vape smuggling syndicate operating at the Kuala Lumpur International Airport (KLIA) Cargo Centre; its activities resulted in an estimated RM8 million tax loss.

MACC busts KLIA vape smuggling syndicate, 14 arrested, RM8 million unpaid taxes

Asean is progressing cautiously on Myanmar as it is critical to secure peace in the country, said Malaysian Prime Minister Datuk Seri Anwar Ibrahim.

He said Asean’s approach is not about enforcing a particular system but ensuring inclusivity and peace as well as the importance of participatory democracy.

Asean takes cautious approach on Myanmar, critical to secure peace — Anwar

More than half of American businesses in China, the highest level in five years, say they are concerned about a further deterioration in the bilateral relationship between the world's two largest economies, a survey published on Thursday showed

When President Donald Trump joined tech executives on Tuesday to tout a multi-billion-dollar artificial intelligence project led in part by OpenAI, one question sprang to mind: Where’s Microsoft Corp?

Microsoft poised to benefit from Stargate JV with zero money

The Nasdaq led gains among Wall Street's main indices on Wednesday, as investors cheered streaming giant Netflix's strong quarterly performance and President Donald Trump's multi-billion dollar support to bolster artificial intelligence (AI) infrastructure.

The benchmark S&amp;P 500 was just shy of surpassing its all-time intra-day high hit in early December.