Goldman Sachs Group Inc will pay a record foreign bribery penalty in the US and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1Malaysia Development Bhd investment fund.

Goldman gets record 1MDB fine; CEO faces pay reduction

NEW YORK (Nov 4): When Malaysian Prime Minister Datuk Seri Najib Razak visited New York in September 2013, a senior Goldman Sachs Group Inc official went out to greet him.

At the time, that would have seemed fitting: Malaysia had been good to Goldman Sachs. Three bond offerings from the...

Mystery Goldman exec at 1MDB meeting signals new woes for bank

Technology solutions provider Microlink Solutions Bhd (KL:MICROLN) posted its biggest quarterly net loss of RM85.1 million since its listing on Bursa Malaysia in 2006, no thanks to a software development expenditure write-off and specific provisions made on goodwill upon changes in its business performance.

Microlink posts biggest quarterly loss in 2Q on software development expenditure, goodwill impairment

Brookfield Asset Management Ltd walked away from a plan to acquire Grifols SA, ending months of negotiations to take over the Spanish blood-plasma company.

Brookfield drops US$6.8 bil offer to buy drugmaker Grifols

Malaysia and South Korea signed a memorandum of understanding (MOU) to strengthen cooperation in addressing climate change under Article 6 of the Paris Agreement on Nov 25, according to the Ministry of Natural Resources and Environmental Sustainability (NRES) in a statement on Wednesday.

Malaysia, South Korea collaborate to address climate change under Paris Agreement

LGMS Bhd, bolstered by the rising demand for cyber security services and solutions, has increased its workforce substantially and plans to more than double its number of skilled professionals by mid-2025.

LGMS looking to double workforce on growing cyber security demand

As of 4pm on Wednesday, the flood situation in Kelantan and Terengganu continued to worsen, with a sharp increase in the number of evacuees. The disaster has also claimed two lives in two states.

Evacuee numbers soar in Kelantan, Terengganu as floods claim two lives

Icon Offshore Bhd’s (KL:ICON) managing director (MD) Datuk Seri Hadian Hashim has been redesignated as a non-independent non-executive director, effective Wednesday.

Icon Offshore MD Hadian redesignated as non-executive director

Selangor has become the first state to launch the Selangor care economy policy as part of its efforts to address the challenges posed by an ageing population.

Selangor unveils care economy policy to address state's ageing population

Penang’s 5G network coverage in populated areas has reached 91.7%, as of Nov 17, according to State Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari.

Penang's 5G Coverage reaches 91.7%; Penang bridge connectivity enhanced

The suspended group CEO of TMC Life Sciences Bhd (KL:TMCLIFE) has pushed back against allegations of misconduct levied upon her, alleging that the healthcare provider is attempting to “pin the blame” on her over certain contract decisions.

Suspended CEO says TMC Life Sciences trying to ‘pin blame’ on her over certain contract issues

The Sustainable Energy Development Authority (Seda) is set to offer rebates to industry players as part of the Save As You Go (Save) 4.0 energy efficiency programme.

Sustainable Energy Development Authority: Rebates under Save 4.0 programme now extended to industry players

AMMB Holdings Bhd (KL:AMBANK), the country’s sixth-largest bank by assets, sharply raised its dividend payout after reporting a 7% rise in second-quarter net profit from a year earlier on&nbsp;interest income growth.&nbsp;

AMMB lifts dividend payout sharply as 2Q net profit rises 7%

Air fragrance maker Vanzo Holdings Bhd has launched the prospectus for its ACE Market initial public offering (IPO) that may raise up to RM21 million to expand retail presence and marketing activities.

Air fragrance maker Vanzo unveils IPO prospectus to raise up to RM21 mil, shares priced at 15 sen apiece

Genetec Technology Bhd (KL:GENETEC), whose share price tumbled to a more than three-year low at end-October, rebounded strongly over recent weeks.

Genetec shares hit three-month high after quarterly results announcement

Hong Kong Metropolitan University (HKMU)&nbsp;has signed an agreement to buy a distressed commercial property in the city that China Mobile Hong Kong had sought to purchase, according to people familiar with the matter.

Hong Kong tower seized from tycoon sold to university, Bloomberg reports

The suspended group CEO of TMC Life Sciences Bhd (KL:TMCLIFE) has pushed back against allegations of misconduct levied upon her, alleging that the healthcare provider is attempting to “pin the blame” on her over certain contract decisions.

MALAYSIA’s push towards digitalisation is drawing keen interest from global tech giants, with Amazon Web Services Inc (AWS), Microsoft Corp, Google and Oracle Corp committing a combined investment of US$16.9 billion (RM75 billion) through to 2038.

These investments reflect Malaysia’s po...

Oracle: US$6.5 bil investment in Malaysia ‘more than a data centre’

FGV Holdings Bhd (KL:FGV), Malaysia’s largest producer of palm oil by volume, nearly tripled its net profit in the third quarter thanks to higher output and prices that may stay high in the remaining months of 2024.

FGV’s 3Q net profit nearly triples on higher output, prices

The Court of Appeal (COA) on Wednesday overturned a High Court decision two years ago that granted leave (permission) to former Petaling Jaya Member of Parliament Maria Chin Abdullah to challenge a show-cause issued by the Federal Territory Shariah High Court against her for contempt of court.

Appellate court overturns High Court's decision allowing Maria Chin to challenge contempt at Shariah Court

At a record price tag of almost RM1,800 psf, The Light City in Gelugor is set to feature the most expensive project in Penang with the upcoming launch of Lightwater Residences, says IJM Land Bhd CEO Datuk Tony Ling.

In an exclusive interview with City &amp; Country, he explains...

The Light City to launch Penang’s most expensive condo

The Court of Appeal has upheld the High Court's insider trading conviction against former Patimas Computers Bhd deputy chairman Datuk Raymond Yap Wee Hin.

Court upholds insider trading conviction against former deputy chair of Patimas Computers

From left: RC Distribution Services Sdn Bhd chief financial officer Dorothy Tan, M&amp;M Ventures Holdings Sdn Bhd director Yuki Yu, Sportizza Sdn Bhd director CY Chiew, M&amp;M Ventures director Terence Kwok, M&amp;M Ventures chief operating officer Chris Stanley, M&amp;M Ventures MD Dominic...

M&M Ventures breaks ground for Bali Escape Kuala Lumpur retail park in Pudu, announces four confirmed tenants

Eight people have filed a RM60 million class action suit against the World Health Organization (WHO), its director general Dr Tedros Adhanom Ghebreyesus, vaccine companies Pfizer Inc and Sinovac Biotech Ltd (Beijing), and 21 others, including current and former government officials, for damages in relation to Covid-19 vaccinations that had been made compulsory.

Eight sue WHO, ex- and current PMs, two vaccine companies, govt over Covid vaccinations

KUALA LUMPUR (Nov 27): Petronas Gas Bhd (KL:PETGAS) said on Wednesday that its net profit rose 5.4% in the third quarter from a year earlier, as higher offtake and reservation charges lifted revenue, and boosted by currency gains.

Petronas Gas’ 3Q net profit edges up 5.4%, declares 18 sen dividend

Prime Minister Datuk Seri Anwar Ibrahim is set to unveil an affordable housing project next month, backed by an RM13 billion investment, Housing and Local Government Minister Nga Kor Ming said.

Nga: PM to announce RM13b affordable housing project next month

&nbsp;Chinese companies’ foreign-currency debt load has shrunk significantly, reducing a key source of vulnerability under Donald Trump’s second presidency.

China companies cut foreign-currency debt just in time for Trump

Chin Hin Group Bhd (KL:CHINHIN) more than doubled its net profit for the third quarter thanks to revenue from newly-acquired subsidiaries that significantly boosted its overall gross margin.

Chin Hin more than doubles 3Q net profit with newly-acquired subsidiaries

The Malaysian government has reminded all local firms to ensure they are fully aware of the destinations of their exported goods, as the US has ramped up sanctions on entities and individuals globally with links to Russia.

Tok Mat reminds local firms to be aware of export destinations as US ramps up sanctions against Russia

CCK Consolidated Holdings Bhd (KL:CCK) may deliver stronger earnings ahead, analysts said as they upgraded their recommendations while investors cheered the poultry firm’s third-quarter results.

CCK to see stronger earnings ahead as analysts upgrade ratings, investors cheer 3Q results

Inari Amertron Bhd (KL:INARI) reported a 71.6% drop in net profit for the July-September period, dragged by a foreign exchange (forex) loss of RM53.3 million, following a steep drop in the US dollar against the ringgit. &nbsp;

Inari's 1Q earnings drop to lowest in almost nine years as forex loss weighs

KUALA LUMPUR (Nov 27):&nbsp;IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony&nbsp;for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey building, which has 463 aparthotel rooms and 79 residential units.

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