CapitaLand Malaysia Trust (KL:CLMT), which mainly manages retail properties, is eyeing industrial properties and logistics hubs for further growth amid an anticipated increase in industrial activities, particularly in Penang and Johor.

“We are generally quite bullish on Penang and Johor...

CapitaLand eyes more industrial properties, logistics hubs for growth 

MCE Holdings Bhd (KL:MCEHLDG) saw its net profit plummet by 48.6% for the third quarter ended April 30, 2024 (3QFY2024) due to higher operating expenses and effective tax rates.

MCE’s 3Q profit down 49% on higher operating expenses, tax rates

Rubber products manufacturer Superlon Holdings Bhd (KL:SUPERLN) said its net profit jumped more than threefold for the fourth quarter that ended April 30, 2024 (4QFY2024), thanks to higher gross profit amid increased demand for its products and lower effective group taxation.

Superlon’s 4Q net profit jumps threefold

Shares in Kim Loong Resources Bhd (KL:KMLOONG) rose to their highest in more than a month on Friday, after the palm oil producer reported better-than-expected first-quarter results.

Kim Loong shares climb over one-month high after 1Q beat

Telekom Malaysia Bhd (KL:TM) said it has executed an agreement with MYTV Broadcasting Sdn Bhd to settle all their disputes related to non-payment for the provision of digital terrestrial television (DTT), broadcasting infrastructure and network facilities.

It said in a bourse filing on Thursday that both parties will jointly inform the arbitral tribunal of the settlement of the disputes.

TM says it has reached settlement with MYTV in two-year-long arbitration dispute

KUALA LUMPUR (June 27): Three counters linked to prominent investor Datuk Dr Yu Kuan Chon fell during Thursday’s early trade, following the Securities Commission (SC)’s statement on Wednesday that it has sued him for alleged market rigging and manipulation.

Three Dr Yu-linked counters fall following allegations of market rigging, manipulation

Voultier Sdn Bhd, a firm controlled by businessmen Datuk Wira Mubarak Hussain Akhtar Husni and Datuk Lai Keng Onn, has completed the acquisition of a 51% stake in financially troubled EA Technique (M) Bhd (KL:EATECH).

Voultier completes acquisition of 51% stake in EA Technique

Axiata Group Bhd's (KL:AXIATA) 83%-owned Dialog has completed its acquisition of Airtel Lanka — a wholly-owned subsidiary of India’s Bharti Airtel.

Axiata completes acquisition of India’s Airtel Lanka

ohor Plantations Group Bhd (KL:JPG) announced that the 50 million new shares offered to the Malaysian public have been oversubscribed by 2.18 times.

In a statement, the group said it received a total of 9,555 applications for 159.01 million shares worth RM133.57 million from the Malaysian public.

Johor Plantations sees oversubscription of 2.18 times for 50 million shares offered under IPO

theedgemalaysia.com highlighted three stocks with positive momentum and four stocks with negative momentum at Bursa Malaysia's noon break on Thursday.

Crest Builder, Hextar Industries, PRG, Evergreen Fibreboard, Maxim Global, Nova MSC, Sealink International

(Dec 21): The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.

Biden mulls tariff break for solar modules from Mexico

Among all precious gems, diamonds are one of the most sought after and prominent — for good reason. It is their rarity, durability and beauty that inspire the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

Light fantastic

Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.

Moving further into industrial parks

Pahang Islamic Affairs, Rural Development, and Orang Asli Affairs Committee chairman Datuk Seri Syed Ibrahim Syed Ahmad has confirmed that a video alleging the allocation of durian plantation land in Pahang to retired soldiers is fake.

Video alleging durian land allocation is actually Skim Tanah Rakyat land rights handover, says Pahang MP's rep

The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.

Direct route from Chennai elevates Penang as key regional air travel hub, says exco

The world’s biggest stablecoin issuer, Tether Holdings Ltd, is on track to close the year with more than US$10 billion (RM45.07 billion) in net profits, chief executive officer Paolo Ardoino said in an interview.

World’s largest stablecoin issuer Tether sees US$10b in net profits for 2024

BNP Paribas SA finalised the €5.1 billion (US$5.3 billion or RM24.0 billion) purchase of Axa SA’s asset management unit, in the biggest acquisition under chief executive officer Jean-Laurent Bonnafe.

BNP Paribas signs €5.1b deal to buy Axa’s asset manager

At least five people were killed in a car-ramming attack at a German Christmas market in the city of Magdeburg that also left more than 200 injured, officials said, and a Saudi man was arrested on suspicion of driving a car into the crowd.

Death toll in German Christmas market car-ramming rises to five, more than 200 injured

UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.

UK's Starmer is deepening China ties while allies turn away

The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.

US Senate passes govt funding bill, averts shutdown

Lion Group’s property division, Lion Group Property, is looking to expand its industrial park portfolio, says the conglomerate’s executive chairman Tan Sri William Cheng.

Among all precious gems, diamonds are one of the most sought after and prominent —&nbsp;for good reason. It is their rarity, durability and beauty that inspire&nbsp;the managing director of jewellery company Tomei, Datuk Ng Yih Pyng, to keep them as the focus of his star label, Le Lumiere. With over 30 years of experience under his belt, he has witnessed his fair share of industry evolutions. As technology progresses and diamond reserves begin to run dry, a new competitor — lab-grown stones — has entered the market. What does this mean for the stability of the natural gemstone trade, and what can consumers expect to see in the coming year? Ng gives us his thoughts.

(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;

Hee En Qi

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