<div class=newsTextDataWrapInner>KUALA LUMPUR (Oct 16): Trading of Barakah Offshore Petroleum Bhd securities has been suspended since 2:30pm today, pending release of a material announcement.</div>

<div class=newsTextDataWrapInner>“The Board of directors of Barakah wishes to announce that Bursa Malaysia Securities Bhd has approved the company's request of a suspension in the trading of the securities of the company on the Main Market of Bursa Securities with effect from 2:30 p.m., Tuesday, October 16, 2018," Barakah said.</div>

<div class=newsTextDataWrapInner>Prior to the suspension today, Barakah shares settled unchanged at 12.5 sen at 12:30pm. The stock saw 1.51 million shares traded.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (Oct 16): Trading of Barakah Offshore Petroleum Bhd securities has been suspended since 2:30pm today, pending release of a material announcement.

“The Board of directors of Barakah wishes to announce that Bursa Malaysia Securities Bhd has approved the company's request of a...

Trading of Barakah securities suspended

China’s Luckin Coffee Inc agreed to buy an equivalent of four million bags of beans from the world’s top exporter Brazil between 2025 and 2029, signalling continued demand from one of the fastest growing markets.

Luckin Coffee deal for Brazil beans ensures steady China demand

China’s Contemporary Amperex Technology Co Ltd (CATL) is in talks to establish battery recycling operations in Europe, adding to its footprint in the region as the company prepares to start cell production in Hungary.

China’s CATL in early talks on EV battery recycling in Europe

European governments accused Russia on Tuesday of escalating hybrid attacks on Ukraine's Western allies, as Baltic nations investigated whether the cutting of two fibre-optic telecommunication cables in the Baltic Sea was sabotage.

European nations denounce Russian hybrid attacks, cable cut probes launched

There are only three official entry points along the Malaysia-Thailand border in Kelantan — the Immigration, Customs, Quarantine and Security (ICQS) Complexs in Rantau Panjang, Bukit Bunga and Pengkalan Kubor — Home Minister Datuk Seri Saifuddin Nasution Ismail said.

Only three official entry points along Kelantan-Thailand border, says Saifuddin Nasution

Brazilian President Luiz Inacio Lula da Silva on Tuesday urged leaders of the Group of 20 (G20) major economies to accelerate their national climate targets, calling on them to reach net zero climate emissions five to 10 years ahead of schedule.

Lula urges G20 leaders to move faster on net zero climate targets

Bright Packaging Industry Bhd (KL:BRIGHT) has seen a change in largest shareholder after businessman Datuk Ricky Wong Shee Kai sold a 17.78% stake to non-independent director Lye Jun Fei.

Bright Packaging sees emergence of new largest shareholder after Ricky Wong 17.8% stake sale

Alphabet Inc’s Chrome browser could fetch as much as US$20 billion (RM89.45 billion) if a judge accedes to a Justice Department (DOJ) proposal to sell the business, in what would be a historic crackdown on one of the world’s biggest tech companies.

Google’s Chrome to fetch up to US$20 bil if judge okays sale

A brief recap of some corporate announcements that made the news on Tuesday.

Hibiscus Petroleum, Dutch Lady, Dialog, Malayan Flour Mills, Cape EMS, Star Media, Teladan, SAM Engineering, APM Automotive, Comfort Gloves, Hextar Global, IFCA MSC, TCS Group, Binastra, Handal Energy

Mieco Chipboard Bhd (KL:MIECO) has returned to the black with a net profit of RM1.67 million in its third quarter ended Sept 30, 2024 (3QFY2024), from a net loss of RM45.89 million in 3QFY2023, on increased sales and improvement in production efficiency.

Mieco returns to black in 3Q on better sales, efficiency

Russian Foreign Minister Sergei Lavrov said on Tuesday that an attack on Russia's Bryansk region by Ukraine using US-supplied ATACMS missiles was a clear signal that the West wanted to escalate the Ukraine conflict.

Lavrov says Ukrainian attack on Russia with US missiles is a Western escalation

THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.

At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

LAST Monday, Datasonic Group Bhd (KL:DSONIC) announced that it had bought 51% equity interest in Innov8tif Holdings Sdn Bhd for RM40 million in cash from Revenue Group Bhd (KL:REVENUE).

Innov8tif Holdings and its subsidiaries Innov8tif Solutions Sdn Bhd, Xendity Sdn Bhd and Innov8tif So...

The tale of Innov8tif and five public-listed companies

Malaysia’s initial public offering (IPO) market continued to outperform its Southeast Asian peers so far this year, leading in terms of IPO count, funds raised and market capitalisation, according to Deloitte's latest report.

Malaysia's IPO market remains in the lead in Southeast Asia, with highest listings, funds raised, market cap — Deloitte

Two of the world’s biggest foreign holders of US government debt offloaded a pile of treasuries in the third quarter as they rallied before the presidential election.

Japan and China dump US treasuries before Trump’s victory

Hibiscus Petroleum Bhd’s (KL:HIBISCS) net profit fell 51% year-on-year (y-o-y) in its first financial quarter ended Sept 30, 2024 (1QFY2025), dragged down by planned shutdowns at four of its assets, lower oil and gas prices and the strengthening ringgit versus the US dollar in the quarter under review.

Lower selling price, volume, strong ringgit drag Hibiscus Petroleum's 1Q profit down by half

Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&amp;E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur. &nbsp;

Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil

Cape EMS Bhd (KL:CEB) booked its first quarterly loss since its listing in March 2023, with a net loss of RM18.95 million in the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net profit of RM15.21 million in the same quarter last year.

Cape EMS posts first quarterly loss since listing amid margin pressure

Lawyer for former prime minister Datuk Seri Najib Razak, Tan Sri Muhammad Shafee Abdullah, said he has a suspicion fugitive Low Taek Jho, or Jho Low, is currently residing in Myanmar under the protection of the military junta there.

Najib’s lawyer believes Jho Low is in Myanmar

KUALA LUMPUR (Nov 19): Bank Negara Malaysia (BNM), in collaboration with the Bank for International Settlements (BIS) and four other central banks, is advancing Project Nexus to enhance the efficiency of instant payment systems (IPS) for seamless cross-border transactions globally, with full operations expected by 2027.

BIS partners BNM, four other central banks to advance Project Nexus for global cross-border instant payments

Malayan Flour Mills Bhd’s (MFM)(KL:MFLOUR) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) plummeted 69.7% to RM7.34 million, from RM24.2 million in the same quarter last year.

JV losses drag Malayan Flour Mills' 3Q profit down 69.7% despite higher revenue

Construction services firm TCS Group Holdings Bhd (KL:TCS) has secured a contract worth RM611.3 million, almost seven times its market capitalisation of RM90.9 million, to build a new highway and to upgrade roads under Phase 1B of the Pan Borneo Highway.

TCS Group bags RM611.3 mil job under Pan Borneo Highway

Sime Darby Property Bhd (KL:SIMEPROP) is integrating the solar-powered landed homes at its Elmina Ridge development in City of Elmina, Shah Alam, with the battery energy storage system (BESS).

Sime Darby Property integrates solar-powered Elmina Ridge landed homes with battery energy storage system

Frozen food distributor Supreme Consolidated Resources Bhd (KL:SUPREME), which is heading for a listing on the ACE Market on Nov 29, had its public issuance of 8.6 million new shares oversubscribed by 349.42 times.

Frozen food distributor Supreme Consolidated's 8.6 mil shares for public oversubscribed by 349 times

Dialog Group Bhd's (KL:DIALOG) net profit in the first quarter ended Sept 30, 2024 (1QFY2025) grew 14.2% to RM150.97 million, from RM132.17 million a year ago, despite lower revenue.

Dialog's 1Q profit grows 14%, driven by midstream tank storage business and big opex drop

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

EVENING 5: Five things you need to know today

Digital investment platform StashAway Malaysia has surpassed the RM1 billion mark in assets under management (AUM) as of 2023, about five years since its inception in 2018.

StashAway surpasses RM1b in assets under management

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI down 0.11% to 1,602.34 on Nov 19, 2024

A brief recap of some corporate announcements that made the news on Tuesday.

Theta Edge Bhd (KL:THETA) signed a memorandum of understanding (MOU) with China’s ZICT Technology Co Ltd today (Nov 19), laying the groundwork for collaboration in smart city development and mobility-as-a-service (MaaS) initiatives.

Theta Edge enters pact with ZICT Technology for smart city solutions

Higher contribution from Star Media Group Bhd’s (KL:STAR) radio, property development and investment businesses offset losses from its mainstay print media business, leading the group to post a higher net profit for its third quarter ended Sept 30, 2024 (3QFY2024).