<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 1): UPA Corp Bhd said its wholly-owned subsidiary has been informed that an inquiry will be held pertaining to the compulsory acquisition of land in Kuala Lumpur for the Mass Rapid Transit 2 (MRT2) Sungai Buloh-Serdang-Putrajaya project.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing today, UPA Press Sdn Bhd received a letter from the Kuala Lumpur Land and Mines Department Director-General's Office stating its intention to hold the inquiry under the Land Acquisition Act 1960.</p></div>

<div class=newsTextDataWrapInner><p>The 0.4-hectare land features, among others, a factory building, passage way and a Tenaga Nasional Bhd substation.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The company will submit a claim for compensation in accordance to the Act and attend the inquiry," UPA said.</p></div>

<div class=newsTextDataWrapInner><p>UPA shares fell one sen or 0.48% to close at RM2.09, for a market capitalisation of RM162.14 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Aug 1): UPA Corp Bhd said its wholly-owned subsidiary has been informed that an inquiry will be held pertaining to the compulsory acquisition of land in Kuala Lumpur for the Mass Rapid Transit 2 (MRT2) Sungai Buloh-Serdang-Putrajaya project.

According to a bourse filing to...

UPA Corp to submit claim over land acquired for MRT2 project

KUALA LUMPUR (Sept 18): The Civil Aviation Authority of Malaysia (CAAM) must continuously enhance its capabilities to improve safety, security, and capacity, ensuring it can meet emerging regional and global challenges.

CAAM must strengthen capabilities to tackle global aviation challenges — deputy minister

Most currencies in emerging Asian markets rose on Wednesday as the dollar yielded some of its overnight gains, while equities in the region also advanced, as traders weighed the odds of an outsized rate cut by the US Federal Reserve (Fed) later in the day.

Currencies rise, ringgit at 19-month high ahead of Fed decision

RAM Ratings has reaffirmed its projection for Malaysia’s gross domestic product (GDP) growth in 2024 at 4.5%-5.5%, as it sees strong first half growth momentum carry over into the second half of the year.

Domestic demand to anchor Malaysia's growth but subsidy rationalisation execution is key, says RAM

PUTRAJAYA (Sept 18): A businessman, who is also a member of Global Ikhwan Services and Business Holding (GISB), pleaded not guilty at the Magistrate’s Court here on Wednesday to a charge of making criminal threats against a woman on Sept 9.

GISB member pleads not guilty to threatening woman

Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to declining demand for its once-popular colourful food storage containers and ballooning losses.

Tupperware files for bankruptcy protection as demand slumps for its colourful containers

KUALA LUMPUR (Sept 18): Shares of MyEG Services Bhd (KL:MYEG) rose to a two-month high on Wednesday, after the e-government services firm teamed up with freight forwarders to promote its blockchain-based ZTrade.

MyEG Services’ shares rises to two-month high after blockchain pact with freight forwarders

Analysts predict a price correction for crude palm oil (CPO) in the fourth quarter of this year (4Q2024), primarily due to India's recent decision to raise import taxes on edible oils and the upcoming peak production season, especially in Indonesia.

India’s import tax hike, peak 4Q production to drag CPO prices down, say analysts

KUALA LUMPUR (Sept 18): The Malaysian government still has room to tap the “extra space” in the contingent liabilities to finance big-ticket projects, amid limited direct fiscal headroom, said BIMB Securities.

Malaysian govt can tap up to RM155b in contingent liabilities for project financing — BIMB Securities

Datuk Allan Goh Hwan Hua and companies allegedly linked to him have been denied a stay from disclosing their bank accounts’ statements to 15 investors who are suing the MyAirline co-founder and the companies.

MyAirline co-founder, companies denied stay from disclosing bank statements

Boeing and its largest union will resume contract talks on Wednesday, in the presence of federal mediators, after failing to agree on key issues of wages and pensions on Tuesday, the International Association of Machinists and Aerospace Workers (IAM) said.

Boeing, union negotiators set to resume contract talks on Wednesday

<p>A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&amp;G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.</p>


Widely expected US rate cut to boost large-cap banks, energy stocks, REITs — Kenanga

<p>KUALA LUMPUR (Sept 18): Shares of MyEG Services Bhd (KL:MYEG) rose to a two-month high on Wednesday, after the e-government services firm teamed up with freight forwarders to promote its blockchain-based ZTrade.</p>


<p>The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.</p>


Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

<p>The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.</p>


How markets perform during US elections

<p>Bridgewater Associates founder Ray Dalio said a small part of his family office’s portfolio remains invested in China, but pointed out that there are “real issues” in the country amid a deepening economic slowdown.</p>


Dalio sees ‘real issues’ in China, keeps small exposure

<p>Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, succumbing to declining demand for its once-popular colourful food storage containers and ballooning losses.</p>


<p>The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.</p>


Dollar cedes ground, Asia stocks mixed as Fed looms large

<p>Datuk Allan Goh Hwan Hua and companies allegedly linked to him have been denied a stay from disclosing their bank accounts’ statements to 15 investors who are suing the MyAirline co-founder and the companies.</p>


<p>NEW TAIPEI (Sept 18): Taiwan’s Gold Apollo did not make the pagers that were used in the detonations in Lebanon on Tuesday, the company’s founder Hsu Ching-Kuang told reporters on Wednesday.</p>


Gold Apollo says it did not make pagers used in Lebanon explosions

<p>KUALA LUMPUR (Sept 18): The Malaysian government still has room to tap the “extra space” in the contingent liabilities to finance big-ticket projects, amid limited direct fiscal headroom, said BIMB Securities.</p>


<p>Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.</p>


US stocks hover near record-high as traders split over Fed rate cut 

<p>After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve (Fed) is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.</p>


Fed cut to serve as starting gun for central banks across Asia

<p>The US is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.</p>


Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

<p>Swiss&nbsp;watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump.</p>


Swiss watchmakers call on central bank to act on franc as exports slump

<p>KOTA BHARU (Sept 18): Kelantan residents returning from high-risk countries, including African nations like the Democratic Republic of the Congo, are advised to notify the Kelantan State Health Department (JKNK) to facilitate monitoring and prevent the spread of monkeypox, or mpox.</p>


Mpox: Kelantan residents returning from high-risk countries urged to report to state health dept

<p>Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.</p>


Bankrupt trucker Yellow loses ruling over US$6.5b in pension debts

<p>Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve (Fed) has sparked a related debate over the possibility of an accelerated halt to the central bank’s balance sheet drawdown.</p>


Fed rate cut uncertainties rattle balance sheet outlook

<p>Blink Charging&nbsp;said on Tuesday it would lay off about 14% of its global workforce as part of a cost-reduction plan, as the electric vehicle (EV) charging equipment maker tackles weaker demand.</p>


Blink Charging to reduce global workforce by 14% in cost-saving effort

<p>When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.</p>


Ignoring risk, investors still buying US junk debt with weak protections

<p>BEIJING (Sept 18): China’s commerce minister said the European Union’s imposition of tariffs&nbsp;on electric vehicles (EV) will&nbsp;"seriously interfere" with trade and investment cooperation and hurt both China and Germany.</p>

<p>In talks&nbsp;on Tuesday with&nbsp;German ViceChancellor and...