RHB Bank Bhd reported today that third quarter net profit rose to RM622.25 million from RM615.83 million a year earlier although revenue fell.

RHB Bank 3Q net profit up at RM622m from RM616m a year earlier

KUALA LUMPUR (Oct 31): Supermax has cautioned that the next few quarters are expected to be “bumpy” and challenging for the rubber glove manufacturer due to difficult market conditions, including the highly-overstocked position of many glove buyers, the current low demand and oversupply which has led to low average selling prices (ASP) after bumper earnings in FY21.

Supermax warns of ‘bumpy’ quarters ahead on glove oversupply, low demand

KUALA LUMPUR (Oct 31): Supermax Corp Bhd, which has earmarked around RM3.9 billion for the rubber glove maker's expansion, said on Monday (Oct 31) about RM1.3 billion has been set aside for the group’s expansion plans in Malaysia and a further US$550 million (RM2.6 billion) allocated for phase one and phase two of its manufacturing project in the US.

Supermax earmarks RM3.9b for expansion, eyes first US glove in 2023

Australia and New Zealand Banking Group Ltd (ANZ), which owns a 23.8% stake in AMMB Holdings Bhd (AmBank), said on Thursday (Oct 27) it had during the financial year ended Sept 30, 2021 recognised a A$347 million (RM1.06 billion) reduction in equity-accounted earnings after tax.

This comprised a A$212 million portion, which reflected ANZ's share of the settlement provision following AmBank's agreement with the Malaysian Ministry of Finance (MOF) to resolve 1Malaysia Development Bhd (1MDB)-related claims, besides another A$135 million which reflected ANZ's share of the impairment of AmBank's goodwill, according to notes accompanying ANZ's financial results for the financial year ended Sept 30, 2022.

ANZ recognises A$347m reduction in AmBank equity-accounted earnings on 1MDB claims, goodwill impairment

Bursa Malaysia Bhd's share-trade volume spiked past eight million securities on Thursday (Oct 20) to its highest in about a year, as the local bourse regulator and operator's share price closed down after a final-hour slump.

Bursa stock's trading volume spikes to highest in a year after final-hour price slump

Bursa Malaysia Bhd has said it is soliciting proposals for the commercialisation of the Exchange Square's annexe at Bukit Kewangan in Kuala Lumpur.

Bursa soliciting bids for Exchange Square annexe commercialisation

KUALA LUMPUR (Oct 14): The ringgit weakened against the Singapore dollar (SGD) to a new record exchange rate of 3.3025 on Friday (Oct 14), after Singapore tightened its monetary policy in the morning to fight inflation.

Ringgit weakens against Singapore dollar at all-time low for third straight day, now at 3.3025

Permodalan Nasional Bhd's attempt to block Bermaz Auto Bhd's proposed general mandate to issue new shares at the recent annual general meeting has failed.

PNB's attempt to block Bermaz's proposed mandate to issue new shares fails

KUALA LUMPUR (Oct 12): The ringgit closed at a new record low against the Singapore dollar on Wednesday (Oct 12), depreciating by 0.47% to 3.2609 from the previous close of 3.2457.

Ringgit closes at record low of 3.26 against Singapore dollar

Hartalega Holdings Bhd said it is eyeing mergers and acquisitions (M&A) in a planned diversification which will see the company explore opportunities to mitigate risks of being just an original equipment manufacturer (OEM) producer of gloves with plants only in Malaysia.

Hartalega eyes M&A in diversification push

WASHINGTON (Jan 6): The US Congress formally certified Republican President-elect Donald Trump's election victory on Monday during a session presided over by Democratic Vice President Kamala Harris, who lost the November contest.

US Congress certifies Trump election victory with Harris presiding

Malaysia and Singapore announced on Tuesday an agreement on a special economic zone (SEZ) in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

Malaysia, Singapore announce deal on Johor economic zone

There are still ample near- to medium-term opportunities for Kerjaya Prospek Group Bhd (KL:KERJAYA) after the construction firm secured its first contract for the year, analysts said.

Plenty of jobs ahead for Kerjaya Prospek after its first contract win in 2025, analysts say

KUALA LUMPUR (Jan 7): Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and its affiliates have disposed of 119.25 million shares, or a 7.15% stake in Malaysia Airport Holding Bhd (MAHB)(KL:AIRPORT), pursuant to the takeover offer by Gateway Development Alliance Sdn Bhd (GDA).

GDA ups holding after KWAP disposes of 7.15% stake amid takeover

Toyota Motor Corp plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall, but declined to specify how much the ambitious project is costing the company.

Toyota aims to open its futuristic city in Japan this year

Asian chip-related shares extended gains on expectations that Nvidia Corp chief Jensen Huang would spark renewed optimism over AI demand during his speech at the CES trade show in Las Vegas.

Asia chip shares surge ahead of Nvidia CEO’s Vegas appearance

Toyota Motor Corp is investing in a Japanese startup that aims to mass produce lightweight rockets and someday vie with big players for a slice of the growing commercial space industry.

Toyota invests in Japanese rocket startup as SpaceX races ahead

The King, Sultan Ibrahim Sultan Iskandar, on Tuesday granted an audience to Singapore Prime Minister Lawrence Wong at Istana Negara here.

King grants audience to Singapore PM at Istana Negara

BEIJING/KATHMANDU, Nepal/BHUBANESWAR, India (Jan 7): A magnitude 6.8 earthquake struck near one of Tibet's holiest cities on Tuesday morning, the China Earthquake Networks Centre said, damaging buildings around Shigatse and sending people running to the streets in neighbouring Nepal and India.

Powerful earthquake hits holy city in China's Tibet

SINGAPORE (Jan 7): Asia shares rose on Tuesday, tracking Wall Street's positive lead and as some investors hoped incoming US President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office.

Asia shares rise on prospect of softer Trump tariffs

Malaysia and Singapore announced on Tuesday an agreement on a special economic zone (SEZ) in the southern Malaysian state of Johor, aiming to support investment and free up movement of goods and people between the countries.

(Jan 6):&nbsp;A rally in the world’s largest tech companies lifted stocks at the start of the first full trading week in 2025. The dollar trimmed losses as President-elect Donald Trump said his tariff plan won’t be scaled back.

US stocks advance as Nvidia closes at all-time high

Toyota Motor Corp plans to move in the first 100 residents of a futuristic city at the base of Mount Fuji in Japan by as soon as this fall, but declined to specify how much the ambitious project is costing the company.

The US Defense Department said on Monday it had added Chinese tech giants including gaming and social media leader Tencent Holdings and battery maker CATL to a list of firms it says work with China's military.

US adds Tencent, CATL to list of Chinese firms allegedly aiding Beijing's military

SINGAPORE (Jan 7): Asia shares rose on Tuesday, tracking Wall Street's positive lead and as some investors hoped incoming US President-elect Donald Trump could adopt a less aggressive tariff stance than promised when he takes office.

Malaysia’s green industrialisation efforts face significant hurdles, including a decline of its manufacturing base, requiring urgent actions by the government, according to a new study.

Study: Malaysia’s manufacturing decline hinders green industrialisation, urgent action needed

NEW YORK (Jan 6): Medical-device maker Stryker is in advanced talks to acquire Inari Medical, which makes devices that treat patients with venous diseases, people familiar with the matter told Reuters on Monday.

Medical device maker Stryker nearing a deal to buy Inari Medical — Reuters

The King, Sultan Ibrahim Sultan Iskandar, on Tuesday granted an audience to Singapore Prime Minister Lawrence Wong at Istana Negara here.

Brazil's government said in a statement on Monday that Indonesia is formally joining BRICS as a full member, further expanding the group of major emerging economies that also includes Russia, India, China and South Africa.

Indonesia joins BRICS bloc as full member, says Brazil 

KUALA LUMPUR (Jan 7): Kumpulan Wang Persaraan (Diperbadankan), or KWAP, and its affiliates have disposed of 119.25 million&nbsp;shares, or a 7.15% stake in Malaysia Airport Holding Bhd (MAHB)(KL:AIRPORT), pursuant to the takeover offer by Gateway Development Alliance Sdn Bhd (GDA).

(Jan 7): Samsung Electronics Co&nbsp;is ramping up investment in artificial intelligence (AI) for consumer electronics, betting on its ubiquitous presence in gadgets from smartphones to TVs to help it stake out a spot in the AI arena.

Samsung CEO touts AI fridges and washers after year to forget

Europe is burning through gas reserves more quickly than at any point in the last seven years as cold weather ramps up heating needs, with temperatures expected to drop again this week.

The region’s vast underground storage sites — which act as a buffer against tighter flows — are just over 70% full compared with about 86% a year ago.

European gas storage sites dwindle at fastest pace since 2018

Asian chip-related shares extended gains on expectations that Nvidia Corp chief Jensen Huang would spark renewed optimism over AI demand during his speech at the CES trade show in Las Vegas.

Bridgewater Associates dismissed 7% of its workforce Monday as the world’s biggest hedge fund seeks to remain lean and maintain the flexibility to hire top talent, according to a person familiar with the matter.

Bridgewater cuts 7% of staff in effort to remain ‘nimble’ — Bloomberg

BEIJING/KATHMANDU, Nepal/BHUBANESWAR, India (Jan 7): A magnitude 6.8 earthquake struck near one of Tibet's holiest cities on Tuesday morning, the China Earthquake Networks Centre said, damaging buildings around Shigatse and sending people running to the streets in neighbouring Nepal and India.

(Jan&nbsp;7):&nbsp;Oil snapped a five-session rally, as key technical markers show gains driven by tightness in global physical crude markets may have gone too far.

Oil falls as technicals signal five-session rally is overdone

A 33-year-old piece of legislation in Australia is helping to spark fresh interest from private equity firms including KKR &amp; Co and Bain Capital as they seek to tap into one of the world’s fastest-growing money management industries.

Buyout firms chase slice of Australia’s US$2.5 tril pensions

JUBA/DUBAI/LONDON (Jan 6): Sudan has lifted a nearly year-long force majeure on the transport of crude oil from its neighbour South Sudan to a port on the Red Sea, after security conditions improved, according to a letter seen by Reuters on Monday.

Sudan lifts force majeure on oil to Port Sudan

(Jan 6): Chicago Board of Trade corn futures on Monday surged to a more than six-month high, amid growing concern over dry conditions in Argentina, market analysts said.

Chicago corn surges to six-month high on weaker dollar, Argentina weather

Canada's Barrick Gold said on Monday it would suspend operations in Mali if the country does not lift restrictions on gold shipments within the coming week, as mining companies face an increasingly hostile operating environment in West Africa.

Chong Jin Hun

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