SINGAPORE (Dec 9): DBS has announced two senior-level appointments, which will take effect on Jan 1, 2025.

DBS appoints new institutional banking group head, Singapore country head

Standard Chartered has announced its strategy to increase business growth, with targets to acquire US$200 billion (RM893.40 billion) in net new money over the next five years. The strategy was announced at the bank’s Affluent Investor Seminar on Tuesday.

Standard Chartered sets US$200b target in net new money and double-digit wealth growth over next five years

Boustead Singapore has announced that its engineering and construction (E&C) business, under Boustead Projects’ real estate solutions division, has secured an E&C contract in Malaysia valued at RM300 million (S$90 million).

Boustead Singapore secures RM300 mil E&C contract in Malaysia

SINGAPORE (Nov 14): Singaporean telco StarHub reported on Wednesday (Nov 13), earnings of S$40.4 million (RM134.63 million) for its 3QFY2024 ended September, 11.1% higher year-on-year (y-o-y).

StarHub reports earnings of S$40.4m for 3QFY2024, 11.1% higher y-o-y

Boustead Singapore has reported a net profit of S$36.0 million (RM119.6 million) for the first half ended Sept 30, 2024 (1HFY2025), a 34% year-on-year (y-o-y) increase from the same period a year before.

Boustead Singapore reports net profit of S$36m for 1HFY2025, up 34% y-o-y

SINGAPORE: SIA Engineering Company (SIAEC) reported on Tuesday (Nov 5), a net profit of S$68.8 million (RM227.62 million), S$9.5 million higher, or 16% up year-on-year (y-o-y), for its 1HFY2025 ended Sept 30, 2024.

SIA Engineering Co posts 1HFY2025 net profit of S$68.8 mil, 16% higher y-o-y

IHH Healthcare Bhd (KL:IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.

IHH Healthcare completes acquisition of Island Hospital in Penang for RM3.9 bil

SINGAPORE (Oct 15): Passenger traffic for Singapore Airlines (SIA) as a group rose 7.7% year-on-year (y-o-y) to S$12.5 billion (RM41.15 billion) for the month of September this year, while passenger capacity was up 9.7%.

SIA Group’s passenger traffic up 7.7% y-o-y to S$12.5b in September 2024

SINGAPORE (Oct 7): DBS Group Holdings has appointed Kuok Khoon Hua as an independent non-executive director of its wholly owned subsidiary, DBS Bank (Hong Kong) Ltd, with effect from Monday.

DBS appoints Kuok Khoon Hua as independent non-exec director of DBS Hong Kong

Duty-free retailing group Duty Free International Ltd has received a notice of compulsory land acquisition for several of its land lots in Malaysia, according to an Oct 3 release.

Duty Free International receives compulsory land acquisition notice

U Mobile has signed a Memorandum of Understanding (MOU) with Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) to explore the provision of 4G and 5G in-building coverage (IBC) at the Immigration, Customs and Quarantine Complex (ICQC) in Bukit Chagar, Johor Bahru, which forms part of the Johor Bahru-Singapore Rapid Transit System (RTS) Link.

In a joint statement, the companies said the collaboration aimed to ensure reliable mobile connectivity at the facility when the RTS Link begins operations, with the service estimated to carry approximately 40,000 passengers daily.

U Mobile, MRT Corp to explore 4G, 5G coverage at Bukit Chagar ICQC

BENGALURU (Oct 23): Rolls-Royce is nearing a deal for British government subsidies of up to £200 million (US$267.9 million) to help fund the development of a new engine for short-haul aircraft, with an announcement possible as early as next week, the Financial Times reported on Friday.

Rolls-Royce nears government subsidy deal to develop new engine in UK, FT reports

PETRONAS has signed a joint-venture agreement with French energy giant TotalEnergies and Japanese trading firm Mitsui to develop carbon storage areas offshore Peninsular Malaysia.

PETRONAS, TotalEnergies, Mitsui sign JV deal for carbon storage area

The government does not rule out the possibility of completely banning the use of the Waze navigation application in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

PM not ruling out complete ban on Waze

The UK has voiced concerns that the European Union’s (EU) push for technological autonomy will damage British digital companies, arguing that it should be eligible to compete for contracts under forthcoming “Made in Europe” tech rules.

UK said to push for carve-out from new EU tech sovereignty rules

(Oct 23): Eni SpA said it will return more cash to shareholders after the Middle East war drove up energy prices and sent refining margins soaring.

Eni raises investor payouts as high fuel prices boost cash flow

Singapore’s core inflation rate unexpectedly slowed in September as the import-reliant economy largely withstood the resurgence of global oil prices, reinforcing the central bank’s decision last week to hold policy steady.

Singapore’s core inflation for September unexpectedly cools

British retail sales fell by a larger-than-expected 0.4% in September as a warm start to the autumn weighed on online clothing vendors and supermarkets also saw a drop in volumes, official figures showed on Friday.

UK retail sales fall by more than expected in September

TOKYO (Oct 23): Japan said on Friday that it will set up a team to simulate cyberattacks using AI to identify weaknesses in technology systems as organisations scramble to curtail risks from flaws in the PHP programming language that underpins much of the internet.

Japan to simulate cyberattacks as PHP flaws roil global internet

DUBAI (Oct 23): An oil spill from a tanker was detected off the coast of Umm Al Quwain, prompting containment operations and environmental assessments, the United Arab Emirates Ministry of Climate Change and Environment said on Friday...

Oil spill from tanker hits Umm Al Quwain coast, beaches shut

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of over RM5.5 million funds belonging to a private limited entity, in addition to money laundering.

Former director charged with CBT for misappropriating RM5.5 mil of company funds

Sarawak Premier Tan Sri Abang Johari Tun Openg is expected to announce the dissolution of the Sarawak State Legislative Assembly on Friday afternoon, paving the way for a state election.

Abang Johari expected to announce Sarawak assembly dissolution this afternoon

Foodie Media Bhd (KL:FOODIE) rose on Friday to extend a rebound from all-time lows thanks to a set of stronger-than-expected results at the social media content company.

Foodie Media extends rebound from all-time lows after results beat

Johor's booming data centre industry could consume more than 90% of the additional electricity generated in Peninsular Malaysia in the next five years, raising concerns over power supply and grid infrastructure constraints, according to a report by BMI, a Fitch Solutions company.

Johor data centres could consume over 90% of peninsula's additional power generation by 2031 — BMI

Datuk Muhamad Umar Swift, the former head of Malaysia’s stock exchange, will join Hong Leong Investment Bank Bhd as its managing director and chief executive officer.

Ex-Bursa chief Umar Swift to lead Hong Leong Investment Bank

SYDNEY (Oct 23): A selloff in global tech shares lost some steam in Asia on Friday, after concerns over the enormous funding needs of AI hammered Wall Street and led to the biggest daily rally in Treasuries in more than three years.

Tech selloff slows in Asia, oil hits five-month high

Property developer KEB Bhd has priced its shares at 35 sen apiece for its ACE Market listing.

Real estate developer KEB aims to raise nearly RM80 mil from ACE Market IPO

Pengurusan Aset Air Bhd plans to set up a new sukuk programme worth RM11.64 billion to support its capital expenditure requirements over the next decade.

Malaysia’s state-owned water assets firm lines up RM11.64 bil sukuk

The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.

US proposes curbs on investment in Chinese biotech firms

Mi Technovation Bhd (KL:MI) will report “stellar” third-quarter results following robust guidance from its soon-to-be-listed semiconductor material unit, its most bullish analyst said.

Mi Technovation’s most bullish analyst predicts ‘stellar’ 3Q

(Oct 23): Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due to concern of further energy supply disruption after Houthi attacks on top exporter Saudi Arabia.

Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia

PETRONAS has signed a joint-venture agreement with French energy giant TotalEnergies and Japanese trading firm Mitsui to develop carbon storage areas offshore Peninsular Malaysia.

Bestari Food Bhd has received approval from the securities regulator for its proposed listing on the Main Market of Bursa Malaysia.

Bestari Food gets regulator’s nod, shariah status for Main Market listing

The 2% Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.

MOF: 2% EPF contribution rate for foreign workers relatively low

(Oct 23):&nbsp;Wall Street shunned stocks as a technology rout and Middle East risks drove investors to the safety of bonds, reducing bets on another Federal Reserve rate hike in 2026.

Stocks fall as AI jitters ease bets on Fed hikes

Comfort Gloves Bhd (KL:COMFORT) said on Friday it has reached a settlement with the Inland Revenue Board, ending a court battle that lasted over two years.

Comfort Gloves reaches settlement with Inland Revenue Board over tax bill

BENGALURU (Oct 23): Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meet.

Gold heads for steep weekly loss as oil prices fuel Fed rate concerns

There’s no end in sight for the sell-off in China’s artificial intelligence (AI) model developer stocks, with competition growing ever more heated and the threat of rival listings next year.

China's US$150 bil AI model stock slump shows no sign of easing

The government does not rule out the possibility of completely banning the use of the Waze navigation application in Malaysia, said Prime Minister Datuk Seri Anwar Ibrahim.

Ashley Lo

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