<div class=newsTextDataWrapInner>SINGAPORE (May 5): Thai Beverage Public Company (ThaiBev) has announced that the potential spin-off and listing of its subsidiary BeerCo on the SGX-ST will resume.</div>

<div class=newsTextDataWrapInner>As such, ThaiBev’s wholly-owned subsidiary&nbsp;International Beverage Holdings, which holds all the issued ordinary shares in BeerCo, will conduct a public offering of up to 20% of the shares in BeerCo.</div>

<div class=newsTextDataWrapInner>ThaiBev said the SGX-ST had confirmed that its no-objection letter issued in February 2021 will continue to apply to the resumption of the proposed spin-off listing <a href="https://www.theedgesingapore.com/news/ipo/thaibev-spin-listing-resume" target="_blank">... (click on link for full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Thai Beverage Public Company (ThaiBev) has announced that the potential spin-off and listing of its subsidiary BeerCo on the SGX-ST will resume.

ThaiBev spin-off listing to resume

EVENING 5: Gamuda bags RM1.8bil job for Australian solar farm

Bank Negara Malaysia (BNM) is proposing the elimination of the Rule of 78 method for calculating interest on personal financing and expanding the maximum 10-year tenure cap to home financing products, in an effort to promote healthy lending practices.

BNM proposes axing flat-rate personal financing, expanding 10-year tenure to home financing products

South Korea's Constitutional Court on Monday began reviewing the impeachment of President Yoon Suk Yeol over his Dec 3 martial law proclamation, starting a process to decide if he will be removed from office, while investigators plan to question him this week on criminal charges.

The court will hold the first public hearing on Dec 27, spokesperson Lee Jean told a news conference, after the court's six justices met to discuss plans for reviewing the impeachment by the opposition-controlled parliament on Saturday.

South Korea court begins review of Yoon impeachment

SoftBank Group CEO Masayoshi Son will announce a US$100 billion (RM445 billion) investment in the United States over the next four years during a Monday visit to US President-elect Donald Trump's residence, Mar-a-Lago, CNBC reported.

SoftBank CEO to meet Trump, announce US$100b US investment — report

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'

Proton e.MAS 7 officially launched

(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 ...

Cocoa soars to fresh record in blow to world’s chocolate supply

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

Pakistan cut its benchmark interest rate for the fifth straight meeting as easing inflation provides room for the central bank to boost growth.

The State Bank of Pakistan lowered the target rate by 200 basis points (bps) to 13%, the central bank said in a statement on Monday.

Pakistan slashes interest rates to 13%, lowest in more than two years

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).

Sunview-backed Winstar posts 3Q net profit of RM3.3m ahead of listing

KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.

TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.

Supermax climbs to three-year high on active trade 

TRX City Sdn Bhd, master developer of the 70-acre Tun Razak Exchange (TRX), is going to build another office tower, which is expected to have a net lettable area (NLA) of 800,000 sq ft. The new building will be on Lot C7-10, which is adjacent to HSBC Malaysia’s headquarters, Menara IQ.

...

TRX City to build another office block, secures PwC as anchor tenant

Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the local market as the country seeks to boost EV and hybrid EV use and gain a foothold in the global supply chain.

Proton launches its first electric vehicle

DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely ink MOUs with Mida, MARii to spearhead next-gen vehicle production in Tanjung Malim

Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.

Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

THE Home Ministry is believed to have awarded Datasonic Group Bhd (KL:DSONIC) a new five-year contract for the supply of Malaysian passports. This is the first contract renewal since November 2021, when the original contracts expired.

According to sources privy to the deve­lopment, the ...

Datasonic finally secures new contract for Malaysian passports, say sources

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.

Indonesia’s largest party expels Jokowi after he backed Prabowo

KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;

High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

Ningbo Deye Technology Co, a Chinese inverter producer, plans to invest up to US$150 million (RM667.5 million) in building a solar equipment manufacturing base in Malaysia.

Chinese inverter maker plans US$150m solar base in Malaysia

The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.

IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;

Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

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

Offshore marine service provider Perdana Petroleum Bhd (KL:PERDANA) has secured a charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV.

Perdana Petroleum secures anchor handling tug and supply vessel charter contract

Lotte Chemical Titan Holding Bhd (KL:­LCTITAN) just can’t seem to catch a break.

Last Friday, the loss-making olefin and polyolefin producer announced that it would temporarily shut down one of its plants at the Pasir Gudang Complex in Johor, from Dec 15, to mitigate losses stemming fro...

Frankly Speaking: The hits just keep coming for Lotte Chemical Titan

Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.

Advancecon clinches RM45 mil infra works job from Sime Darby Property 

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

The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.

Misif urges the release of Independent Steel Committee’s study  

Asian markets wavered on Monday, with the Malaysian ringgit and Indonesian rupiah dipping slightly and stocks trading lower as investors await rate decisions this week from local central banks and the US Federal Reserve.

Indonesian rupiah, Malaysian ringgit extend losses; markets eye rate calls

The Cabinet paper outlining the direction of the Multi-Lane Free Flow (MLFF) system will be presented in January 2025, Deputy Minister of Works Datuk Seri Ahmad Maslan said.

He said the Works Ministry had issued letters to the highway concession companies involved in the MLFF project, informing them that negotiations would no longer proceed.