<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 17):&nbsp; Businessman and lawmaker Datuk Seri Tiong King Sing has been appointed as managing director of Timberwell Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, the timber group said Tiong, 56, has been involved in the property development and construction sectors and timber industry for more than 20 years.</p></div>

<div class=newsTextDataWrapInner><p>He served as president-cum-chief executive officer of Wijaya Baru group of companies from 1990 to 2010, it added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Tiong, who is Member of Parliament for Bintulu, is also the chairman of Indonesia-based PT Mandiri Jaya Bara, PT Berau Jaya Energi and PT Mega Karya Energi.</p></div>

<div class=newsTextDataWrapInner><p>He is also the chairman of TKS Holdings Ltd, TKS Capital Pvt Ltd, TKS Securities Pvt Ltd, TKS Finance Ltd, Asian Finance Ltd, Oceanic Games Pvt Ltd, Dinapala Properties Pvt Ltd and Vision Development Pvt Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Timberwell’s share price closed down 7.5 sen or 9.38% to 72.5 sen with 10,000 shares changing hands for a market capitalisation of RM64.56 million.</p></div>


KUALA LUMPUR (March 17):  Businessman and lawmaker Datuk Seri Tiong King Sing has been appointed as managing director of Timberwell Bhd.

In a filing with Bursa Malaysia today, the timber group said Tiong, 56, has been involved in the property development and construction sectors an...

Timberwell appoints Bintulu MP Tiong King Sing as managing director

KUALA LUMPUR (July 4): Former Malaysian Trades Union Congress (MTUC) president Tan Sri Zainal Rampak died early Thursday morning at the age of 84.

Former MTUC president Zainal Rampak dies

KUALA LUMPUR (July 4): The Auditor General’s Report 2024 has flagged a suspicious disbursement of training grants, totalling RM51.69 million by the Human Resources Development Corporation (HRD Corp).

Auditor General flags HRD Corp for suspicious RM51.69m disbursements

Proposed amendments to the Penal Code (Act 574) and the Criminal Procedure Code (Act 593) aimed at combatting online fraud related to mule accounts are expected to be tabled in the current Parliament session.

Azalina: Act amendments targeting mule accounts to be tabled this Parliament session

The Ministry of Works is closely monitoring developments in the construction industry, particularly concerning rising prices of construction materials and raw materials, following the removal of diesel subsidies in June.

Works Ministry closely monitoring construction material prices, says Nanta

Amazon.com Inc will partner with the Australian government for a cloud data system to handle top secret information, in a move that Canberra says will improve the nation’s cyber capabilities and deepen security cooperation with the US.

Amazon to build high-security data centre for Australia

SINGAPORE (July 4): India’s solar power generation grew at the slowest pace in six years in the first half of 2024, an analysis of data from the federal grid regulator showed, as the country further stepped up reliance on coal to address surging power demand.

India’s solar output grows at slowest pace in six years in first half of 2024

The Public Accounts Committee (PAC) found that the Human Resource Development Corp, or HRD Corp, has been utilising a significant portion of the levy it collected from companies for risky investments.

PAC reveals HRD Corp has been utilising levy collected for risky investments

BENGALURU (July 4): Oil prices fell in Asia on Thursday, with investors turning cautious on expectations of lower demand, as US employment and business data came in weaker than forecast, signalling that the economy of the world's top oil consumer may be cooling.

Oil falls on concerns of weaker demand forecasts, slowing US economy

The death toll from India’s air pollution is elevated even in cities previously thought to have relatively clean air, underscoring how the problem extends beyond megacities such as Delhi, according to a study in the journal The Lancet Planetary Health.

Air pollution kills even in ‘clean’ Indian cities, study says

Several US regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.

US banks' commercial real estate loan worries linger after latest tumble

<p>Shares of Ocean Fresh Bhd (KL:OFB) more than doubled in its trading debut on the ACE Market after the frozen seafood company raised RM14.01 million from its initial public offering (IPO) on the back of strong demand.</p>


Ocean Fresh shares more than double on ACE Market debut

<p>The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office.</p>

<p>The recalibration of portfolios kicked off at the end of last week after Biden’s disastrous debate with Trump heightened concerns the 81-year-old Democrat is too old to serve another term.</p>


Global markets on alert for Biden exit as Trump-win trades mount

<p>KUALA LUMPUR (July 4): Shares of Toyo Ventures Holdings Bhd (KL:TOYOVEN) plunged to its lowest in over one month on Thursday, following a news report of the termination of the Song Hau 2 thermal power plant project by the Vietnamese government.</p>


Toyo Ventures’ shares plunge 25% amid news report of Vietnamese contract termination

<p>KUALA LUMPUR (July 4): The Securities Commission Malaysia (SC) has cautioned the public on investment scams enticing investors with pre-initial public offering (pre-IPO) shares of companies seeking to list on Bursa Malaysia.</p>


Securities Commission warns public on pre-IPO investment scams

<p>&nbsp;US&nbsp;President&nbsp;Joe&nbsp;Biden&nbsp;vowed to stay in the&nbsp;2024 presidential race&nbsp;during a call with campaign staff on Wednesday and sought to reassure top Democrats on Capitol Hill that he is fit for reelection despite&nbsp;his&nbsp;shaky&nbsp;debate performance last week.</p>

<p>Biden&nbsp;dialed in to a call with worried members of&nbsp;his&nbsp;campaign team&nbsp;and told them he wasn't going anywhere, according to two sources familiar with the call.</p>


'I am running' — Biden scrambles as pressure grows to abandon his campaign

<p>Philip Research reaffirmed its positive outlook on OCK Group Bhd (KL:OCK), projecting significant gains from widespread 5G adoption and a record-breaking year in 2024.</p>


Philip Research sees record year for OCK, boosted by 5G and order book

<p>Hong Leong Investment Bank (HLIB) has turned more positive on the consumer sector, upgrading its call to "overweight", from "neutral", due to potential margin expansion from lower raw material prices and consumption boosts from the Employees Provident Fund (EPF) Account 3 and civil servant pay hikes.</p>


HLIB upgrades consumer sector to overweight, names Aeon, Focus Point, QL Resources as top picks

<p>Former prime minister Tan Sri Muhyiddin Yassin has engaged a King’s Counsel in his fight against abuse of power and money-laundering charges.</p>


Muhyiddin enlists King's Counsel in fight against corruption charges

<p>Wall Street traders sent stocks higher as bonds yields fell after a string of weaker-than-estimated economic reports reinforced the case for the Federal Reserve to start cutting rates this year.</p>

<article>
<p>In a shortened session ahead of the&nbsp;US holiday, the S&amp;P 500 hit an all-time high on bets lower rates will keep fueling Corporate America.</p>
</article>


Stocks hit fresh highs as weak data sink US yields

<p>Budget pressures are forcing governments across Southeast Asia to rethink fuel subsidies, risking political backlash and another inflation blow to their economies.</p>

<p>Thailand and Malaysia have let diesel prices climb in the past weeks to ease the burden on public finances as global crude prices rise.</p>


Asia’s fuel subsidies are falling victim to budget pressures

<p>The Auditor General's Report (LKAN) 2/2024, tabled at the Dewan Rakyat on Thursday, highlighted nine audits involving 11 ministries, with the total cost of the audited projects amounting to RM41.97 billion.</p>


AG's Report 2/2024 highlights nine audits involving 11 ministries; cost of audited projects totals RM41.97b

<p>The dollar dropped by the most in three weeks as data showed the US services sector contracted in June at the fastest pace in four years, sending Treasury yields lower.</p>

<p>The Bloomberg Dollar Spot Index dropped 0.4% Wednesday, the biggest decline since June 12. The currency lost ground against all of its major counterparts, with the Norwegian krone, Swedish krona and the Australian dollar leading the advances.</p>


Dollar drops most in three weeks as yields fall on rate-cut bets

<p>KUALA LUMPUR (July 4): Analysts remain upbeat on Mah Sing Group Bhd (KL:MAHSING) after it acquired a piece of land in Taman Desa, which is earmarked for an RM1 billion high-rise residential project.</p>


Analysts remain upbeat on Mah Sing after Taman Desa land acquisition 

<p>Some of the world’s biggest oil-hauling supertankers are instead loading up vast volumes of diesel in the latest sign of how attacks by Yemen’s Houthis are upending global shipping.&nbsp;</p>

<p>At least one so-called very large crude carrier, or VLCC, capable of hauling two million barrels of oil is already sailing from the Middle East to Europe, while another is in the process of loading, according to Kpler and ship-tracking data compiled by Bloomberg.&nbsp;</p>


Giant oil tankers find new business after Houthi ship attacks

<p>Asian stocks hit 27-month highs on Thursday as softer US data narrowed the odds on a September rate cut there, boosting bonds and commodities while dragging on the dollar.</p>


Asian stocks hit 27-month top, dollar slips on rate cut talk

<p>Signs&nbsp;of renewed activity emerged on Wednesday in the quest for a&nbsp;ceasefire&nbsp;deal between&nbsp;Israel&nbsp;and Hamas in the nine-month-old war in the&nbsp;Gaza&nbsp;Strip while&nbsp;Israel&nbsp;launched more strikes on the devastated&nbsp;enclave.</p>

<p>After weeks with little public diplomacy, mediators Egypt and Qatar delivered a response from Hamas to a proposal that would include a release of hostages held in&nbsp;Gaza&nbsp;and a&nbsp;ceasefire&nbsp;in the Palestinian&nbsp;enclave.</p>


Gaza ceasefire effort shows signs of revival as Israel pounds enclave

<p>(July 4):&nbsp;Pakistan was lowered to frontier market status, from secondary emerging market by FTSE Russell, dealing a blow to the nation’s equities and potentially driving millions of dollars in outflows.</p>


Pakistan stocks downgraded to frontier market by FTSE Russell

<p>The Public Accounts Committee (PAC) found that the Human Resource Development Corp, or HRD Corp, has been utilising a significant portion of the levy it collected from companies for risky investments.</p>


<p>（吉隆坡4日讯）继报道指越南政府终止Song Hau 2号热电厂项目后，Toyo Ventures Holdings Bhd（KL:TOYOVEN）股价狂泻至1个多月来的最低点。</p>


传越南合同终止 Toyo股价狂泻25%

<p>（吉隆坡4日讯）海洋冷冻食品公司（Ocean Fresh Bhd）（KL:OFB）今早在创业板上市，成交量超出一倍。</p>
