<div class=newsTextDataWrapInner>SINGAPORE: Wilmar International has been included in the Dow Jones Sustainability Indices (DJSI) under the Asia Pacific Index for the Food, Beverage and Tobacco industry grouping on Monday (Nov 16).</div>

<div class=newsTextDataWrapInner>The group achieved 61 points compared to the average score of 30 points in the same category. It also scored above the 90th percentile for indicators related to raw material sourcing, human rights, labour practices, strategies for emerging markets, customer relationship management as well as risk and crisis management.</div>

<div class=newsTextDataWrapInner>DJSI, which was launched in 1999, tracks the largest and leading sustainability-driven publicly listed companies and is a<a href="https://www.theedgesingapore.com/news/sustainability/wilmar-debuts-dow-jones-sustainability-index" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Wilmar International has been included in the Dow Jones Sustainability Indices (DJSI) under the Asia Pacific Index for the Food, Beverage and Tobacco industry grouping on Monday (Nov 16).

The group achieved 61 points compared to the average score of 30 points in the same category. It also scored above the 90th percentile for indicators related to raw material sourcing, human rights, labour practices, strategies for emerging markets, customer relationship management as well as risk and crisis management.

Wilmar debuts on Dow Jones Sustainability Index

US stock indexes edged higher on Wednesday in a holiday-shortened trading session, as data pointing to a softening economy raised hopes for a September start to the Federal Reserve's policy easing.

Wall Street higher after data raises rate cut hopes; Fed minutes eyed

Digital payment solutions provider PUC Bhd (KL:PUC) said on Wednesday that its RM22 million cash sale consideration for its software and intellectual property (IP) rights is based on a willing-buyer willing-seller basis, after taking into account the asset's net book value of RM22.39 million as at financial period ended March 31, 2024.

PUC gets Bursa queries over RM22m cash sale of software, IP rights 

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is acquiring an 80% stake in a company that supplies chemicals and assembles water and electric meters.

YLI Holdings buys 80% stake in chemicals supplier

Dry weather conditions affecting palm oil yield along with gains in soybean oil and palm olein futures have pushed Malaysian crude palm oil (CPO) prices above RM4,000 per tonne for the second consecutive day, said industry observers.

Three-month CPO futures stood at RM4,082 per tonne on Wednesday, slightly lower than RM4,089 a day earlier.

CPO prices stay above RM4,000 for second straight day 

Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc worth US$5 billion (RM23.6 billion) on the day the stock hit a fresh record.

Bezos to sell US$5b of Amazon as shares hit record high

The main contractor of the East Coast Rail Link (ECRL), China Communications Construction Company Ltd (CCCC), is going to bear the operational risks of the rail together with its asset owner, Malaysia Rail Link Sdn Bhd (MRL).

CCCC to share ECRL's operational risks with MRL

Property developer Naim Holdings Bhd (KL:NAIM) is disposing of a parcel of land in Samarahan, Sarawak to Onlyee Flora Sdn Bhd for RM223.38 million.

Naim Holdings’ unit to dispose of Samarahan land for RM223.38m 

Russian President Vladimir Putin and China's Xi Jinping are due to meet on Wednesday at a summit of a Eurasian security and defence club seen by Moscow and Beijing as an instrument to counter the influence of the US and its allies.

Putin and the Chinese president have expanded the Shanghai Cooperation Organisation (SCO), a club founded in 2001 with Russia, China and Central Asian powers, to include India, Iran and Pakistan as a counterweight to the West.

Russia's Putin and China's Xi to meet at security summit in Kazakhstan

Manchester United is proposing to cut about 250 jobs as part of a club-wide redundancy programme, a source close to the company told Reuters.

Manchester United plans to cut 250 jobs — Reuters

EVENING 5: Five things you need to know today

Shares in WCT Holdings Bhd (KL:WCT) jumped to their highest in nearly five years on Wednesday after Malton Bhd (KL:MALTON), a company related to WCT's largest shareholder Tan Sri Desmond Lim Siew Choon, bought a piece of land in Genting Highlands to build serviced apartments and luxury villas.

WCT surges to near five-year high after linked-company Malton buys Genting Highlands land

National carmaker Proton Holdings Bhd said on Wednesday its car sales fell 23% in June from a year earlier, largely due to a planned plant shutdown that dragged on deliveries.

Proton's car sales down 23% in June as plant shutdown drags

The main contractor of the East Coast Rail Link (ECRL), China Communications Construction Company Ltd (CCCC), is going to bear the operational risks of the rail together with its asset owner, Malaysia Rail Link Sdn Bhd (MRL).

Mah Sing Group Bhd (KL:MAHSING) is acquiring land in Taman Desa, Kuala Lumpur for RM108 million which will be developed into serviced apartments and affordable housing units.

The planned development is estimated to have a gross development value of RM1.01 billion.

Mah Sing plans RM1b project on Taman Desa land it buys for RM108 mil

KUALA LUMPUR (July 3): ViTrox Corp Bhd (KL:VITROX) will grapple with the challenging industry outlook, even as profits may improve in the second quarter of 2024, Maybank Investment Bank (Maybank IB) flagged and told investors to now sell the stock.

Vitrox faces tough outlook, Maybank IB cuts to sell

Indonesian billionaire Anthoni Salim’s holding company Tamaris Infrastructure is in advanced talks with Malayan Banking Bhd (Maybank) and Natixis SA for a US$300 million (RM1.42 billion) loan, according to people familiar with the matter.

Billionaire Salim’s unit is in talks for US$300 mil bank loan

Inari Amertron Bhd (KL:INARI) topped the list with the highest net short position with 54.72 million shares shorted as of July 2, according to data from Bursa Malaysia.&nbsp;

Analysts and fund managers contacted by The Edge attributed Inari’s net short positions to hedging, arbitrage by sophisticated traders and profit-seeking activities.

Inari Amertron tops Bursa Malaysia's shorted shares list 

Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.

Singapore stocks jump to two-year high as DBS, OCBC hit records 

theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Three stocks showed positive momentum, while six stocks showed negative momentum.

Techbond, Techbase, WCT, K-One, Protasco, Mycron, Yong Tai, Salcon, Jasa Kita

Winstar Capital Bhd, which manufactures aluminium products, has filed for an initial public offering (IPO) on the ACE Market to raise funds to buy new production equipment.

The proposed IPO involves a public issue of 56.55 million new shares and an offer-for-sale of 17.4 million existing shares at a price to be determined later, according to its draft prospectus posted to Bursa Malaysia. All in all, the listing would offer investors up to a 25.5% stake in the company.

Winstar Capital, backed by Sunview Group, files for ACE Market IPO

Mobile network operators (MNOs) will not be allowed to hold equity in both entities under the 5G dual wholesale network model, said Deputy Communications Minister Teo Nie Ching.

Mobile network operators prohibited from holding equity in both 5G networks, says Teo

After seven long years in court, the family of the late Tan Sri Dr Jamaludin Jarjis have come to an amicable settlement over matrimonial property worth RM2.1 billion.&nbsp;

The case was filed in 2018 by Jamaludin’s widow, Puan Seri Dr Kalsom Ismail, against her four children and 90-year-old mother-in-law, for the various properties.&nbsp;

Family of Jamaludin Jarjis reach settlement in RM2.1b asset dispute case

KUALA LUMPUR (July 3): Former attorney general (AG) Tan Sri Tommy Thomas'&nbsp;application to strike out Tan Sri Shahrir Abdul Samad's malicious prosecution suit against him and three others has been dismissed.

Tommy Thomas loses bid to strike out Shahrir Samad's malicious prosecution suit

THURSDAY, June 20, was a wild day for global markets. In New York, the day started with the US barometer Standard &amp; Poor’s 500 and tech-heavy Nasdaq Composite indices touching new all-time highs of 5,503 and 17,936 respectively.&nbsp;

Leading the charge that morning, as it has almos...

Nvidia, market surge — and possible bubble burst?

Thai authorities are investigating BYD's dealers after a consumer complaint over aggressive discounting in a key international market for the Chinese EV giant that has left some buyers upset with how much they paid for their cars.

Thailand investigates EV giant BYD's dealers over unfair discounting complaint

RHB Investment Bank (RHB IB) expects Kuala Lumpur Kepong Bhd (KL:KLK) to report improved earnings in the second half of financial year 2024 (2HFY2024) on strong fresh fruit bunch (FFB) output, lower costs and improving downstream earnings.

KLK to report improved earnings in 2HFY2024, says RHB IB

MEGA First Corp Bhd’s (KL:MFCB) business ventures in the agricultural sector are starting to bear fruit after years of nurturing them. The ventures are now large enough to be a core business for the diversified group, giving it another dimension of revenue.

So much so that MFCB is plann...

Food security to be a core business for Mega First

PLUS Malaysia Bhd and Petronas Dagangan Bhd (KL:PETDAG) are collaborating to develop the country's first commercial hybrid stations along national highways, with the Klang Valley identified as the pilot location.

PLUS, PetDag ink MOU to develop hybrid stations along highways

Minetech Resources Bhd (KL:MINETEC) has secured a contract to undertake the proposed upgrading and construction of an external road and drainage system for a subsidiary of Mah Sing Group Bhd (KL:MAHSING) in Mukim Batu, Kuala Lumpur, for RM16.10 million.

Minetech secures RM16.1m contract for KL road, drainage upgrading work

The plan to privatise Malaysia Airports Holdings Bhd or MAHB&nbsp;(KL:AIRPORT) through a consortium approach is deemed the optimal strategy to safeguard the nation's airport infrastructure and ensure long-term sustainable growth, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.