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<div class="thumb-cap">SINGAPORE (Dec 4): Since the start of the year, some 1,000 staff working for Malaysia-listed YTL Corp Bhd have been operating out of YTL Tower, along Jalan Bukit Bintang in Kuala Lumpur. Soaring 41 storeys high in a glass-clad structure, the headquarters of the Malaysian developer brought together all of its employees, which used to operate out of over 25 separate sites across the Klang Valley.</div>
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<div class=newsTextDataWrapInner><p>Before Covid-19 wreaked havoc globally, the office was seen merely as a location to report for duty and less as a meeting place to foster ideas and creative collaboration. Only after a spate of work-from-home (WFH) orders were issued worldwide did pundits attach a new meaning to the role of the workplace — one where the focus on collegial relationships is key, and conversations around the water cooler&nbsp;applauded.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Even before the pandemic hit<em> <a href="https://www.edgeprop.sg/property-news/ytl%E2%80%99s-futuristic-headquarters-kl" target="_blank">... (click on link for full story on EdgeProp Singapore).</a></em></p></div>


Since the start of the year, some 1,000 staff working for Malaysia-listed YTL Corp Bhd have been operating out of YTL Tower, along Jalan Bukit Bintang in Kuala Lumpur. Soaring 41 storeys high in a glass-clad structure, the headquarters of the Malaysian developer brought together all of its employees, which used to operate out of over 25 separate sites across the Klang Valley.

YTL’s futuristic headquarters in KL

Iron ore prices are projected to remain under pressure, with a forecast average of US$100 per tonne for 2025, according to BMI, a Fitch solutions company.

This subdued outlook is attributed to sluggish demand from China’s property sector despite recent stimulus efforts.

Iron ore prices set to remain under pressure amid Chinese property slump — BMI

Thailand's economy beat forecasts with its fastest growth in two years in the July-September quarter due to stronger investment, tourism and exports, but officials and analysts saw increased challenges to maintaining the momentum next year.

Thai 3Q GDP growth beats forecast, but risks seen ahead

It has been a busy November for me, having first accompanied the prime minister on his visit to the China International Import Expo (CIIE) in Shanghai and Beijing, then to Egypt before we headed to the 31st Asia-Pacific Economic Cooperation (Apec) Economic Leaders’ Week (AELW) in Peru.

...

My Say: From Apec to Asean: Malaysia’s strategic position in shaping regional economic collaboration

theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Monday. One stock showed positive momentum and the remaining four displayed negative momentum.  

The stock with positive momentum was:


	    Cypark Resources Bhd (KL:CYPARK) — up 5.5 sen or 6.59% to 89 sen

Stocks with momentum on Nov 18, 2024: Cypark, TechnoDex, Matrix, Karex and Classita  

KUALA LUMPUR (Nov 18): Former attorney general (AG) Tan Sri Idrus Harun is among four individuals appointed as new members of the Judicial Appointments Commission (JAC) for a two-year term, effective Nov 1 this year.

Judicial Appointments Commission confirms ex-AG Idrus Harun among its new members

The initial operations date (IOD) achieved by Cypark Resources Berhad's (KL:CYPARK) 98MW direct current floating solar project in Kelantan means that the company no longer has delayed solar projects in hand, said BIMB Securities Research.

No more delayed Cypark projects but positives priced in, says BIMB

Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.

Malaysian banks could face NIM compression on potential OPR cut next year, says AmBank 

The Thai baht inched higher on Monday, outperforming most other emerging market currencies in Asia, after the country posted better-than-expected economic growth data, reflecting a rebound in tourism and exports.

Thai baht gains as GDP growth beats estimates; Asian FX off to muted start

KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.

CelcomDigi cuts key financial target after net profit slips in 3Q

The government, through the Ministry of Investment, Trade and Industry (Miti), will soon release the findings of a report examining the impact of excess capacity from China, particularly on the iron and steel sector.

Miti to release report on impact of China’s iron and steel overcapacity soon, Parliament told

<p>KUALA LUMPUR (Nov 18): Shares of Kossan Rubber Industries Bhd (KL:KOSSAN) rose on Monday to their highest in nearly four months, after the glovemaker unexpectedly declared a special dividend despite below-view results.</p>


Kossan Rubber rises to near four-month high after surprise special dividend

<p>KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMETAL) soared in early trade on Monday, as&nbsp;aluminium futures jumped after China ended&nbsp;a tax rebate over its exports of the metal.</p>


Press Metal soars after China removes tax rebate for aluminium exports

<p>Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.</p>


COA: Bung Moktar, wife must defend themselves against graft charges

<p>China’s steel exports have exploded higher. History suggests it can’t last.</p>


Chinese steel exports are booming but here’s why that won’t last

<p>Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.</p>


Xi’s olive branch to Trump comes with warning on China red lines 

<p>Global stocks began the week on firmer footing ahead of a highly anticipated earnings release from Nvidia, while in Japan, a speech from its central bank's head left markets none the wiser on the country's rate outlook.</p>


Shares rise ahead of Nvidia results; BOJ's Ueda offers few rate hints

<p>The South Korean won, the second-worst performing currency in Asia this year, looks poised to weaken further as Donald Trump’s tariff threat clouds the export-reliant country’s economic outlook.</p>


Korean won may face more pressure as tariff risk adds to jitters

<p>President Joe Biden's administration has lifted restrictions that had blocked Ukraine from using US-provided weapons to strike deep into Russian territory, said three sources familiar with the matter, in a significant change to US policy in the Ukraine-Russia conflict.</p>


Biden lifts ban on Ukraine using US arms to strike inside Russia

<p>Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.</p>


Goldman says ‘go for gold’ as central banks buy, US Fed cuts in 2025

<p>KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.</p>


<p>(Nov 18):&nbsp;Bitcoin posted its biggest two-day retreat over the weekend since the US election&nbsp;amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.</p>


Bitcoin churns near US$90,000 after largest drop since US election

<p>North Korea may deploy as many as 100,000 troops to aid Russia’s war on Ukraine if the alliance between Pyongyang and Moscow continues to deepen, according to people familiar with assessments made by some Group of 20 nations.</p>


North Korea may end up sending Putin 100,000 troops for war

<p>Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.</p>


Umno looking to settle SRC’s RM16m lawsuit

<p>RIO DE JANEIRO, Brazil (Nov 18): Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said&nbsp;Malaysia’s Investment, Trade and Industry Minister&nbsp;Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Zafrul: Semicon collab with Brazil poised to make Malaysia a regional industrial gateway

<p>A decade after China opened up its exchanges to a broad swath of international investors through a trading link with Hong Kong, investors are craving deeper access.</p>


Investors eye IPO access as Hong Kong stock link turns 10

<p>Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.</p>


<p>The Umno leader who first introduced Umno to the corporate world after the New Economic Policy was launched in 1971 was Tengku Razaleigh Hamzah. Razaleigh did this by taking control of Fleet Group in 1972 via Umno proxies/nominees. Fleet Group then controlled the New Straits Times group in Malays...

Alternative Views: Daim took the nexus between business and politics to a new level

<p>Australia will mandate businesses selling essential items such as groceries and fuel to accept cash payments, joining countries from Spain to Denmark amid the growth in more preferable digital payment methods.</p>


Australia to safeguard cash payments as digital shift grows

<p>Warner Bros Discovery Inc is rolling out its Max streaming service in Asia this week with a contrarian strategy: Rather than investing billions of dollars in local content to attract new subscribers, it’s banking on its flow of big Hollywood movies and TV shows.</p>


Netflix rival Max rolls out in Asia with slate of blockbusters

<p>Ayer Holdings Bhd’s (KL:AYER) Erica Residence in Bandar Bukit Puchong, Selangor has become the first landed property project in Malaysia to achieve the GreenRE Platinum Provisional Certification, according to a press statement on Saturday (Nov 16).</p>
