Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far.

SkyWorld nears deal for Vietnam joint venture on completion of due diligence, says on track for RM4.6b launch target by 2026

MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.

MNRB names Rudy Rodzila Che Lamin as interim president and CEO

Environmental engineering consultancy firm Progressive Impact Corp Bhd (KL:PICORP) has bagged a RM14.74 million contract from water utility company Pengurusan Air Selangor Sdn Bhd (Air Selangor) to provide water quality control service in Selangor.

Progressive Impact bags RM14.7 mil contract from Air Selangor  

Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.

Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

Melaka-based D&O Green Technologies Bhd’s (KL:D&O) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) was flat at RM18.25 million from a year earlier despite thinner gross margin.

D&O posts flat 3Q net profit amid eroding gross margin, pays 0.3 sen dividend 

Solarvest Holdings Bhd (KL:SLVEST)’s wholly owned subsidiary Atlantic Blue Sdn Bhd has been awarded a RM142 million engineering, procurement, construction and commissioning (EPCC) contract from SM01 Sdn Bhd, a special purpose vehicle (SPV) in which the group owns a 33% stake.

Solarvest bags RM142 mil EPCC job for 30MWac solar plant in Kedah

Magnum Bhd (KL:MAGNUM) reported a slight dip in net profit in the July-Sept period as income tax and other expenses increased, but cushioned by better income generated by its gaming and investment holdings and other segments.

Magnum posts marginally lower net profit in 3Q, amid higher tax and other expenses, declares 1.5 sen dividend

FGV Bhd (KL:FGV), which is currently embroiled in a lawsuit over an alleged breach of a palm kernel shell supply agreement, has been directed by the High Court of Kuala Lumpur to file its statement of defence by Dec 4, 2024.

FGV directed to file defence against company's suit by Dec 4

Can-One Bhd (KL:CANONE) saw its net loss widen to RM100.54 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM23.12 million in the previous corresponding quarter, dragged by unrealised foreign exchange loss of RM80.6 million.

Unrealised forex loss drags Can-One further into the red in 3Q

Mega First Corp Bhd’s (KL:MFCB) net profit rose 13.8% to RM116.64 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM102.53 million a year earlier, underpinned by stronger earnings from its renewable energy and resources segments.

The group also recognised an insurance income of RM7.23 million in the quarter under review. It booked a total of RM32.12 million for the nine-month period ended Sept 30 for assets damaged by a fire incident in 2023.

Mega First's 3Q net profit rises 14% boosted by renewable energy and resources segments

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

Govt committed to raising allocations to all states — PM

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

Increased assistance provided to M'sians under Madani govt, says Anwar

The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial" statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to disregard 'trivial' statements as it focuses on development — PM

The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households.&nbsp;

Additional rooftop solar quota for M'sian businesses, households

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

Loke proposes new logistics hub in Nilai or Enstek

When Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was established in 2007, with an initial fund of RM41.9 billion, the federal government’s pension and gratuity obligations stood at a mere RM8.25 billion, just 6.7% of its total operating expenditure (opex).

The pension conundrum: KWAP pushes for thoughtful reform amid growing charges

Keck Seng (M) Bhd (KL:KSENG) booked an unrealised foreign exchange (forex) loss of RM81.84 million in the third quarter ended Sept 30, 2024 (3QFY2024), which in turn dragged the group into the red.&nbsp;

Unrealised forex loss of RM81.8 mil pulls Keck Seng into the red in 3Q

The corporate earnings reporting season for the July-September quarter comes to a close this week. Among the companies slated to announce their financial results are banking groups Malayan Banking Bhd (KL:MAYBANK), Public Bank Bhd (KL:PBBANK), RHB Bank Bhd (KL:RHBBANK) and Hong Leong Bank Bhd (KL:HLBANK) as well as utility giant Tenaga Nasional Bhd (KL:TENAGA).

The Week Ahead: Spotlight on corporate earnings of banks, Tenaga and Opec+ meeting

President-elect Donald Trump on Friday said he will nominate prominent investor&nbsp;Scott Bessent&nbsp;as the US&nbsp;Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs.

Trump taps tax reform, deregulation advocate Scott Bessent for Treasury

Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".

In widening rift, Sara Duterte says she would have Marcos assassinated if she is killed

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.

Bitcoin at record highs, sets sights on US$100,000

Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.

Nvidia CEO says global cooperation in tech will continue under Trump administration

The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.

Global&nbsp;stocks registered&nbsp;a strong weekly gain on Friday, while US&nbsp;Treasury yields&nbsp;slipped as&nbsp;markets&nbsp;eyed President-elect&nbsp;Donald Trump's likely policies&nbsp;and their&nbsp;impact on the US&nbsp;economy, even as bitcoin traded near the US$100,000 (RM446,800) threshold.

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies

The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

Amazon.com Inc&nbsp;is investing an additional US$4 billion (RM17.87 billion) in artificial intelligence (AI) startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Amazon invests additional US$4b in AI firm Anthropic

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

US&nbsp;bank Citigroup has received approval to establish&nbsp;its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.

Citi granted licence for regional headquarters in Saudi Arabia, memo shows

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;

Adani to respond to US bribery allegations after legal review

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officiate the Two Years of Madani Government (2TM) Programme and the 2024 National Convention on Public Service Reform in the Kuala Lumpur Convention Centre on Saturday.

PM to officiate 'two years of Madani govt' programme, national convention on public service reform on Saturday

The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.

Justin Lim

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