Singtel is joining a group of fellow Advanced Info Service shareholders (AIS) to offer 211.43 baht each for the remaining 36.25% shares in the Thai telco they do not already own.

Singtel joins fellow AIS shareholders to make mandatory offer for Thai telco

According to the Malaysian Investment and Development Authority (Mida), 11 companies and eight family offices had committed to setting up operations in the Forest City special financial zone as of November.

Forest City manages to attract family offices; Johor continues to attract investments

Prudential plc announced that it will commence the second tranche of its US$2 billion (RM8.86 billion) share buy-back programme for US$800 million. This follows the completion of the first tranche of the programme on Nov 15 for US$700 million.

Prudential starts US$800m share buy-back programme

The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$2.4 million (RM8.0 million) on JPMorgan Chase Bank for failing to prevent and detect misconduct committed by its relationship managers (RMs).

Singapore fines JPMorgan Chase for failing to detect relationship managers' misconduct

Singapore Post (SingPost) said it is in "exclusive discussions" with a potential buyer for its Australian business, as part of a "strategic review" flagged since June.

SingPost in 'exclusive' talks over divestment of Australian assets

Investors who have chased shares of DBS Group Holdings to a new record over the last couple of trading days might have, in a way, bought from outgoing chief executive officer Piyush Gupta.

Outgoing DBS CEO sells S$12.6m worth of shares

CapitaLand Investment (CLI) announced on Tuesday that it had secured S$261 million (RM865.14 million) capital commitment from a new Japanese capital partner, Mitsui OSK Lines, for its Southeast Asia and India private funds.

CapitaLand Investment raises S$261m for Southeast Asia and India funds

Great Eastern Holdings has announced that profit attributable to shareholders registered an increase of 34% year-on-year (y-o-y) to S$587.1 million (RM2.02 billion) for the first half ended June 30, 2024 (1HFY2024), driven by higher profit from the insurance business and a favourable investment performance of the shareholders’ fund.

Great Eastern's 1H profit attributable to shareholders up 34%

HSBC Holdings plc announced on Wednesday that group chief financial officer Georges Elhedery will be the new group chief executive officer from Sept 2.

HSBC CFO Elhedery appointed as new group CEO

Oversea-Chinese Banking Corp’s (OCBC) offer for Great Eastern Holdings closed at 5.30pm last Friday. The bank then held 93.52% of Great Eastern at the time of writing.

OCBC to accept Great Eastern shares for further three months after suspension from Monday

Mikheil Kavelashvili, a hardline critic of the West, was sworn in as president of Georgia on Sunday amid a political crisis after the government froze European Union application talks in a move that sparked major protests.

New Georgian president sworn in; predecessor says he is not legitimate leader

At least 167 people were killed when an Jeju Air plane belly-landed and veered off the runway, erupting in a fireball as it slammed into a wall at South Korea's Muan International Airport on Sunday, the national fire agency said.

Fiery crash kills at least 167 in worst airline disaster in South Korea

Central banks around the world responded to the inflationary period following COVID-19 by raising interest rates. Now that inflation seems to be largely under control, monetary policymakers must begin preparing for the next crisis by expanding their toolkit.

This is particularly importa...

The Frontiers Of Growth: The Missing Monetary-Policy Tool

AT&T Inc and Verizon Communications Inc acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion.

AT&T, Verizon say networks now clear after Salt Typhoon hack

The National Wages Consultative Council Act 2011 requires the government to review the minimum wage order at least every two years. With the gazette­ment of the Minimum Wage Order 2024, the Minimum Wage Order 2022 will be revoked.

The 2024 order introduces the revised minimum wage rate ...

My Say: Business owners must optimise operations in view of new minimum wage order

There was a record 18% rise in homelessness in the US in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the US Department of Housing and Urban Development said.

US homelessness rose by record 18% in latest annual data

Malaysia's gig economy has continued its upward trajectory in 2024, with the number of own-account workers, including gig workers, surpassing three million as of September.

Gig economy expands in 2024 amid push for increased worker protection

North Korean leader Kim Jong Un held a key policy-setting meeting of the country's ruling party last week ahead of the new year, state media KCNA reported on Sunday.

North Korea launches 'toughest' US strategy in key party meeting

President-elect Donald Trump on Saturday sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the programme for foreign tech workers opposed by some of his supporters.

Trump sides with Musk in H-1B visa debate, says he's always been in favour of the programme

A Mega Millions ticket holder in California woke up much richer on Saturday after they matched all six numbers in the lottery hours before to win an estimated US$1.3 billion (RM5.8 billion), the fifth largest jackpot in the game's history.

Mega Millions player in California wins US$1.3b jackpot

China’s ambitious campaign to revive its flagging stock market has made the yuan an unintended casualty, with record dividend payouts leading to outflows.

China’s record dividend payout intensifies pressure on yuan

At least 167 people were killed when an Jeju Air plane belly-landed and veered off the runway, erupting in a fireball as it slammed into a wall at South Korea's Muan International Airport on Sunday, the national fire agency said.

President-elect Donald Trump on Saturday sided with key supporter and billionaire tech CEO Elon Musk in a public dispute over the use of the H-1B visa, saying he fully backs the programme for foreign tech workers opposed by some of his supporters.

A Mega Millions ticket holder in California woke up much richer on Saturday after they matched all six numbers in the lottery hours before to win an estimated US$1.3 billion (RM5.8 billion), the fifth largest jackpot in the game's history.

There was a record 18% rise in homelessness in the US in the last year, driven by factors like unaffordable housing, high inflation, systemic racism, natural disasters and rising immigration, the US Department of Housing and Urban Development said.

Our last issue for 2024 looks at the social aspect of the environment, social and governance (ESG) triad and how some top property developers implement them in their companies.

Driving the social agenda in ESG

Malaysia's gig economy has continued its upward trajectory in 2024, with the number of own-account workers, including gig workers, surpassing three million as of September.

The end of a year is anything but the end. Life is a continuum, and this period is simply a merciful pause that allows us to reflect on the past — whether with pride in what we accomplished or remorse for the things we botched or left undone. Take a look at the year’s major events in our special Options Index this week.

Options 2024 Index

The National Wages Consultative Council Act 2011 requires the government to review the minimum wage order at least every two years. With the gazette­ment of the Minimum Wage Order 2024, the Minimum Wage Order 2022 will be revoked.

The 2024 order introduces the revised minimum wage rate ...

Elon Musk reiterated his support for the far-right Alternative for Germany party, or AfD, in an opinion piece published by the Welt am Sonntag newspaper less than two months before Germans go to the polls.

Musk doubles down on support for German far-right party AfD

North Korean leader Kim Jong Un held a key policy-setting meeting of the country's ruling party last week ahead of the new year, state media KCNA reported on Sunday.

AT&amp;T Inc and Verizon Communications Inc acknowledged that they’d been hit by the China-linked Salt Typhoon hacking operation but that their networks were now clear from the intrusion.

Central banks around the world responded to the inflationary period following COVID-19 by raising interest rates. Now that inflation seems to be largely under control, monetary policymakers must begin preparing for the next crisis by expanding their toolkit.

This is particularly importa...

Mikheil Kavelashvili, a hardline critic of the West, was sworn in as president of Georgia on Sunday amid a political crisis after the government froze European Union application talks in a move that sparked major protests.

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