<div class=newsTextDataWrapInner>(Nov 19): Online education provider TutorGroup said it raised about US$200 million ($284 million) in Series C equity funding, valuing the privately owned company at over US$1 billion.</div>

<div class=newsTextDataWrapInner>Singapore’s sovereign fund GIC, the Russia-China Investment Fund, Goldman Sachs Group Inc and Silverlink Capital LP participated in the funding round.</div>

<div class=newsTextDataWrapInner>TutorGroup, which offers online courses on English in the greater China region and for Chinese students abroad, has already attracted investments from Alibaba Group Holding and Temasek.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

(Nov 19): Online education provider TutorGroup said it raised about US$200 million ($284 million) in Series C equity funding, valuing the privately owned company at over US$1 billion.

Singapore’s sovereign fund GIC, the Russia-China Investment Fund, Goldman Sachs Group Inc and Silverlin...

TutorGroup raises $200 mil in Series C funding

The Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark inquiry into last year’s collapse of Credit Suisse.

Report finds Swiss bank watchdog blundered on Credit Suisse 

The Malaysian Communications and Multimedia Commission (MCMC) has published the Code of Conduct (Best Practice) for internet messaging and social media service providers.

MCMC unveils code of conduct for internet messaging, social media platforms

KUALA LUMPUR (Dec 20): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI slips 0.54% to 1,591.41 on Dec 20, 2024

Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor Co on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co, according to a person familiar with the matter.

Foxconn interest in Nissan said on hold amid Honda merger talks

Thailand has told Myanmar's junta that Asean members would want all stakeholders included in an election the military government plans to hold next year, even as the regional bloc seeks a common position on the polls, Thai officials said on Friday.

Asean will want inclusive Myanmar election, says Thailand 

There will be no increase in electricity tariff for all users in Peninsular Malaysia from Jan 1 to June 30, 2025, the Ministry of Energy Transition and Water Transformation announced on Friday.

Electricity tariff unchanged in 1H2025, but new tariff structure from 2H onwards

Global stocks slid on Friday ahead of a possible US government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of US oil and gas.

Stocks slide as US govt shutdown looms, Trump targets Europe

The government has agreed to provide a diesel subsidy to ferry, passenger boat, and roll-on roll-off (roro) ferry operators on the main islands, effective Jan 1.

Loke: Subsidised diesel for ferry, passenger boat operators starting Jan 2025

Bank Negara Malaysia (BNM) has announced a slew of interim measures to address rising medical insurance premium on policyholders, including pausing certain premium adjustments for those aged 60 and above, and to spread out the premium increases from now to 2026.

BNM announces measures to pause, spread out medical insurance premium adjustments amid medical claims inflation

Swiss pharmaceutical group Novartis said on Thursday it was winding up MorphoSys sites in Germany and the United States, affecting 330 jobs.

Novartis says 330 jobs hit as it closes MorphoSys sites

KUALA LUMPUR (Dec 20): Hong Leong Investment Bank (HLIB) has concluded that the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) from the consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF) is not fair.

MAHB takeover: Adviser recommends acceptance but independent directors disagree

Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

YTL Power, YTL Corp continue to climb after MACC clearance

KUALA LUMPUR (Dec 20): Top Glove Corp Bhd (KL:TOPGLOV) returned to black with a net profit of RM5.47 million for its first quarter ended Nov 30, 2024 (1QFY2025), from a net loss of RM57.71 million in the corresponding quarter a year ago, thanks to higher sales volumes and increased foreign exchange gains.

Top Glove returns to profitability in 1Q on stronger sales

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

Southeast Asia has US$60b AI boom, but its own startups are missing out

KUALA LUMPUR (Dec 20): Malaysia’s inflation rate dipped to 1.8% in November this year, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia (DOSM) on Friday.&nbsp;

Inflation eases to 1.8% in November from 1.9% in October, driven by lower tech and clothing costs

KUALA LUMPUR (Dec 20): Crude palm oil (CPO) prices are expected to climb to a higher average of RM4,600 per tonne in 2025, from the projected average of RM4,200 per tonne this year, due to supply-side challenges, including weather disruptions and slow replanting progress.

Palm oil prices set to rise further in 2025 amid supply concerns, says MARC Ratings

KUALA LUMPUR (Dec 20): Mechanical and electrical (M&amp;E) engineering services provider CBH Engineering Holding Bhd (KL:CBH) has begun taking orders from its investors for its initial public offering (IPO) on Friday, to raise up to RM83.44 million on the ACE Market.

ACE-bound CBH Engineering starts taking orders for RM83m IPO

(Dec&nbsp;20):&nbsp;A federal judge confirmed an 18-year prison sentence for Archegos Capital Management founder Bill Hwang, rejecting arguments that he should be allowed to spend a third of that time in the comfort of his own home.

Bill Hwang’s bid to reduce 18-year prison term is rejected

KUALA LUMPUR (Dec 20): Analysts cut Aeon Credit Service (M) Bhd’s (KL:AEONCR) earnings projections due to elevated credit costs.

Analysts cut Aeon Credit’s earnings, TPs, on higher credit costs

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

Jury deliberates in Arm, Qualcomm trial after closing arguments wrap

Bank Negara Malaysia (BNM) has announced a slew of interim measures to address rising medical insurance premium on policyholders, including pausing certain premium adjustments for those aged 60 and above, and to spread out the premium increases from now to 2026.

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

Imperio Group partners Accor Group to open first international hotel in Alor Setar

(Dec&nbsp;20):&nbsp;US stocks ended a choppy session with modest losses, struggling to rebound from the selloff they suffered after the US Federal Reserve dialed back rate-cut expectations for next year.&nbsp;

Stocks fail to recover from Fed-fuelled selloff

Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.

Singapore’s V Medical Aesthetics is said to mull IPO in Malaysia — Bloomberg

theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

Stocks with momentum on Dec 20, 2024: YTL Power, Ranhill and Bertam Alliance

Malaysia has agreed to resume the search for the wreckage of missing Malaysia Airlines Flight MH370, its transport minister said on Friday, more than 10 years after it disappeared in one of the world's greatest aviation mysteries.

Malaysia agrees to resume search for wreckage of missing Flight MH370

Global stocks slid on Friday ahead of a possible US government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of US oil and gas.

Catcha Digital Bhd (KL:CATCHA), formerly known as Rev Asia Bhd, is acquiring a 60% stake in Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million, cash, marking its entry into the automotive digital media sector, with a focus on Chinese and Malay language automotive content.

Catcha Digital expands into automotive digital media by investing in Drive 2 Digital 

Tencent Holdings Ltd and stocks linked to the company rallied on Friday, fuelled by investor enthusiasm over a new gifting function on its popular WeChat platform.

Tencent, related stocks jump as WeChat gifting tool fuels rally

China’s aggressive drive to replace brand-name foreign drugs with dirt-cheap homegrown generics has already taken a toll on global pharmaceutical companies’ local business. Now they’re almost nowhere to be found on the latest list of companies winning contracts to sell commonly used drugs to Chinese hospitals.