Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

UEM Group's subsidiaries sign multiple agreements at COP28 Dubai

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

Exxon among 50 oil producers in controversial climate pact at COP28

A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm.

Evergrande creditor group supports maintaining operations, not bankruptcy — report

The Biden administration released long-awaited rules designed to block electric-vehicle (EV) manufacturers from sourcing battery materials from China and other foreign adversaries, while giving automakers some flexibility to comply with the new mandates.

US sets limits on Chinese content to receive EV tax credits

Bursa Malaysia is anticipated to experience some portfolio realignments and window-dressing activities, hence the benchmark index is likely to trend higher next week as the market enters the month of December, said an analyst.

Bursa likely to be higher next week with window-dressing activities

As US stocks sit on hefty gains at the close of a rollercoaster year, investors are eyeing factors that could sway equities in the remaining weeks of 2023, including tax loss selling and the so-called Santa Claus rally.

Tax-loss selling, 'Santa rally' could sway US stocks after November melt-up

US stocks advanced on Friday, starting December with a broad rally as remarks from Federal Reserve (Fed) Chairman Jerome Powell bolstered the view that interest rates have peaked.

Wall St rallies as Powell cements peak rate bets

The Malaysian Communications and Multimedia Commission (MCMC) will provide a framework within a month to enable all social media platform providers to register with the agency and facilitate the regulating such platforms in the country.

Fahmi: MCMC working on framework to facilitate registration, regulation of social media platforms

Here is a brief recap of some corporate announcements that made the news on Friday involving Citaglobal Bhd, CelcomDigi Bhd, Maxis Bhd, Telekom Malaysia Bhd, YTL Power International Bhd, Axiata Group Bhd, Pansar Bhd, Apex Healthcare Bhd, Crest Builder Holdings Bhd and Sarawak Consolidated Industries Bhd.

Citaglobal, CelcomDigi, Maxis, TM, YTL Power, Axiata, Pansar, Apex Healthcare, Crest Builder, SCIB

US-listed shares of Alibaba Group Holding declined on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, hours after PDD raced past its rival to become the most valuable Chinese e-commerce firm.

Alibaba dips on Morgan Stanley downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

Pavilion Real Estate Investment Trust (Pavilion REIT) has terminated two memoranda of understanding (MOUs) it inked for the purchase of renewable energy (RE) from a solar power plant in Pasir Mas, Kelantan, under the Corporate Green Power Programme (CGPP) to power its malls.

Pavilion REIT cancels MOUs to power Pavilion KL, Intermark and Pavilion Bukit Jalil with renewable energy

Shares of crypto miners and bitcoin-tracking companies climbed in premarket trading on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite.

Bitcoin, up 2% at US$38,410, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capital investments in the digital asset sector.

Crypto stocks set to start December on a high note as bitcoin hits near 19-month high

A weekly round-up of tanker and dry bulk market (Dec 1, 2023)

Baltic Exchange shipping updates: Dec 1, 2023

Mining firm OM Holdings Ltd, which is dual-listed on Bursa Malaysia and the Australian Stock Exchange, has issued 27.63 million shares, representing a 3.75% stake, in the company to JFE Shoji Corp for A$13.04 million (about RM40.34 million) or A$0.472 sen per share.

Japan-based JFE Shoji takes up 3.75% stake in OM Holdings

PAS retained the Kemaman seat when its candidate Datuk Seri Dr Ahmad Samsuri Mokhtar won the by-election held for the parliamentary constituency on Saturday.

PAS retains Kemaman parliamentary seat

Israeli war planes and artillery bombarded Khan Younis in the south of the Gaza Strip on Saturday, hitting mosques and homes and close to a hospital, after the collapse of a truce in the nearly two-month-old war between Israel and Hamas militants

Israel bombards southern Gaza as humanitarian crisis reaches 'breaking point'

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

Anwar will surely prioritise skillset, knowledgeability in any Cabinet reshuffle, says Fadillah

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

Kemaman by-election: Voting ends, vote-tallying process begins

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

US pledges US$3b for Green Climate Fund at COP28

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

COP28: Malaysia committed to supporting Asean climate change action plan

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

Kemaman by-election: 60% voter turnout as of 4pm, says EC

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

Najib’s lawyer Shafee not among those elected to Bar Council for 2024/2025; Fahri Azzat tops polls

Senior lawyer Tan Sri Muhammad Shafee Abdullah is not among the 16 candidates elected to the Bar Council for the 2024/2025 term, after placing 22nd out of the 39 candidates who contested.

The police have opened an investigation paper (IP) against Tan Sri Muhyiddin Yassin for allegedly making statements that touched on the 3Rs (religion, race and royalty) during a campaign for the Kemaman by-election recently.

Kemaman by-election: Police open investigation paper against Muhyiddin over 3R issue

The polling process for the Kemaman parliamentary by-election, which began at 8am on Saturday, concluded at 6pm when all 49 polling centres were closed.

All ballot boxes from the polling centres, involving 244 streams, will be taken to the vote-tallying centre at Dewan Berlian Utama, Kemaman Municipal Council here.

PAS retained the Kemaman seat when its candidate Datuk Seri Dr Ahmad Samsuri Mokhtar won the by-election held for the parliamentary constituency on Saturday.

The government will revive the town hall session which will serve as a platform for ministries and secretaries general (KSU) to inform people about measures and actions taken in response to the findings of the Auditor General’s Report.

Mohd Zuki: Govt to revive town hall session to clarify issues raised in AG's Report

The voter turnout for the Kemaman parliamentary by-election stood at 60% as of 4pm on Saturday, according to the Election Commission (EC).

The figure is nearing the 70% target set by the EC from the 141,043 electors eligible to cast their ballots on Saturday, who have until 6pm before polling centres close.

A key offshore creditor group of China Evergrande Group supports keeping the developer operating, the South China Morning Post (SCMP) reported ahead of a court hearing on Monday that could decide to liquidate the indebted firm.

WASHINGTON (Dec 1): US manufacturing remained subdued in November, with factory employment declining further as hiring slowed and layoffs increased, more evidence that the economy was losing momentum after robust growth last quarter.

The survey from the Institute for Supply Management (...

US manufacturing mired in weakness, economy heading for slowdown

Prime Minister Datuk Seri Anwar Ibrahim will definitely look at the ability of an individual to hold a suitable portfolio in the event of a Cabinet reshuffle, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

A new digital system is being implemented by the Election Commission (EC) in the Kemaman by-election as a pilot test to improve the electoral system in the country.

EC chairman Tan Sri Abdul Ghani Salleh said the system is intended to facilitate EC officers in handling the election process as well as speed up the announcement of the election results.

Kemaman by-election a pilot test for new system, says EC

Three subsidiaries under UEM Group Bhd have signed business agreements with domestic and international companies at the 28th United Nations Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE).

Hong Kong has reduced the waiting time for public housing applicants with newborn babies in an effort to support birth rates in the city.

Families with children born on or after Oct 25 this year qualify to apply for Category A tenancy after two years instead of the previous three-year period, according to a statement issued by the Housing Bureau.

Hong Kong cuts public housing waiting time to boost birth rates

The police have activated 12 Op Cantas teams to ensure a smooth polling day for Saturday’s Kemaman parliamentary by-election.

Terengganu police chief Datuk Mazli Mazlan said the teams were deployed at several hot spot areas in the parliamentary constituency.

Kemaman by-election: 12 'Op Cantas teams deployed at hotspot areas for smooth polling, says police

Federal Reserve (Fed) Chair Jerome Powell pushed back against Wall Street’s growing expectations of interest-rate cuts in the first half of 2024, saying the committee will move cautiously with borrowing costs at a 22-year high but retain the option to hike further.

Powell brushes off rate-cut bets as Fed moves carefully

Exxon Mobil Corp and Saudi Arabia’s Aramco, the world’s largest private and state-sector oil companies, led a pledge by 50 oil and gas producers at the COP28 climate summit to cut emissions from their own operations.

Malaysia has pledged its support to ensure the effective implementation of the Asean Working Group on Climate Change (AWGCC) Action Plan, Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said.

The US has pledged US$3 billion (RM14.02 billion) to the Green Climate Fund, Vice President Kamala Harris said on Saturday as she arrived in Dubai for the UN climate summit.

The fund, with more than US$20 billion in pledges, is the largest international fund dedicated to supporting climate action in developing countries.

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