In today’s edition of Evening 5, former Astro Malaysia Holdings group CEO Datuk Rohana Rozhan has confirmed that has met with the MACC. Meanwhile, earnings season peaks with results from AMMB Holdings, Public Bank and Telekom Malaysia. </div><div class=inPageAd id=div-gpt-ad-inpage>

EVENING 5: Former Astro group CEO to give full cooperation to MACC

The ringgit closed 0.26% lower against the US dollar on Friday, as the local currency struggled to go beyond the immediate support level of 4.6611 after breaching it this week, said Bank Muamalat Malaysia chief economist and social finance head Mohd Afzanizam Abdul Rashid.

Ringgit ends week lower against US dollar

(Dec 1): Dell Technologies Inc. reported revenue that declined more than expected, buffeted by continued sluggish corporate demand for personal computers.

Fiscal third-quarter sales fell 10% to $22.3 billion, the company said Thursday in a statement. Analysts, on average, estimated $23 ...

Dell sales miss estimates with corporate PCs still lagging

Global stocks edged up on Friday, having closed out their best month in three years the day before, as investor confidence that interest rates will fall next year has lured cash into equities, cryptocurrencies and gold at the expense of the dollar.

Shares rally as investor confidence in Fed cuts grows

The Small and Medium Enterprises Association (Samenta) has urged the government to get inputs from SMEs on the Progressive Wage Model prior to implementing the trial run next year.

National president Datuk William Ng said the quantum of increment to be suggested by trade unions and groups representing large employers may not be reflective of the financial capability of SMEs.

Samenta urges govt to get inputs from SMEs on progressive wage model

(Dec 1): President Vladimir Putin has ordered the transfer of all the rights to managing St Petersburg’s Pulkovo airport from foreign shareholders that include Germany’s Fraport AG and the Qatari wealth fund by shifting their stakes into a new Russian entity.

Under a decree publish...

Putin seizes rights to St Petersburg Airport from foreign investors

Property developer Avaland Bhd (formerly known as MCT Bhd) has redesignated its non-independent non-executive director Apollo Bello Tanco as the group’s executive director (ED) and chief executive officer effective Jan 1, 2024.

Property developer Avaland redesignates Apollo as group ED and CEO, effective Jan 1

Global manufacturing activity remained weak in November on soft demand, surveys showed on Friday, as euro zone factory activity kept contracting, while there were mixed signs on the strength of China's economy.

Global factory activity stays weak, uncertainty on China clouds outlook

Aeon Credit Service (M) Bhd has issued a senior sukuk with a nominal amount of RM300 million and a tenure of five years.

This is the fourth and final tranche of the financial service provider’s sukuk wakalah programme of RM2 billion in nominal value

AEON Credit issues final tranche of RM300m sukuk under RM2b sukuk wakalah programme

The Philippines is planning to import tons of onions to prevent another “absurd increase” in prices, which soared earlier this year on tight supply and made the kitchen staple briefly costlier than chicken and beef.

Philippines eyes onion imports to avert another price surge that made it costlier than meat

Russia is working on the assumption that sanctions against it by the US and its allies will last for many years, but that US influence on the world economy is waning, Kremlin spokesman Dmitry Peskov said on Friday.

Russia assumes Western sanctions will last for many years — Kremlin

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week.

Most read this week

After ditching the airasia Superapp name and rebranding as Move in September, Capital A Bhd’s digital arm wants to become an established and widely recognised online travel agency in Southeast Asia.&nbsp;

Move CEO wants travel brand recognition in post-AirAsia era

Billionaires minted in the latest year accumulated more wealth through inheritance than entrepreneurship for the first time since UBS started tracking the fortunes of the world’s richest almost a decade ago, said CNN.

CNN: New billionaire heirs overtake self-made ones, with US$5.2 trillion wealth transfer over next 20 years

Prime Minister Datuk Seri Anwar Ibrahim on Friday registered with the National Digital Identity or Digital ID, making him the first person in the country to have&nbsp;the Digital ID facility.

Anwar first to have Digital ID in Malaysia

Banking and financial services stocks were among the top gainers in early morning trade on Friday, after they concluded the latest earnings reporting season with mostly encouraging&nbsp;results.

Banking stocks among top gainers in early trade

Petroliam Nasional Bhd (Petronas) and its petroleum arrangement contractors have recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over one billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023.

Petronas finds over 1 bil barrels of oil equivalent exploration discoveries in 2023

A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than US$86 million (RM404 million).

Woman discovers over RM404m mistakenly deposited in Maybank account

BEIJING (Dec 1): Malaysia&nbsp;has invited China’s President Xi Jingping to visit, its ambassador to Beijing said on Friday, as the Southeast Asian country also seeks to boost the number of Chinese tourists to five million a year, to fuel economic growth.

Malaysia invites China’s Xi to visit, ramps up tourism target

The defence in Datuk Seri Najib Razak’s second SRC International Sdn Bhd case on Friday applied for the former prime minister to be given a discharge not amounting to acquittal in the ongoing money-laundering case, as the attorney general had not made a decision over the representation letter submitted in July.

Defence applies to discharge Najib in second SRC case

November saw further moderation in the Malaysian manufacturing sector, as demand conditions remained subdued. That said, there were some tentative signs of improvement, resulting in less pronounced slowdowns in new orders, output and employment, while business confidence reached a seven-month high.

M'sian manufacturing PMI at seven-month high amid softer moderation in new orders

Prime Minister Datuk Seri Anwar Ibrahim on Friday stressed that the people's concerns&nbsp;over the implementation of the National Digital Identity or&nbsp;Digital ID, such as personal and banking records being leaked and chips implanted into the bodies of individuals, are completely unfounded.

Digital ID concerns such as personal data leaks and chip implants unfounded, says Anwar

Global commercial real estate and investment management company JLL has announced the retirement of JLL Property Services (Malaysia) chairperson YY Lau, and a new strategic partnership with Appraisal Malaysia, a domestic real estate firm with over 50 years of valuations, consultancy and advisory services expertise, according to a press release issued on Friday.

JLL announces retirement of country head YY Lau, new partnership with Appraisal Malaysia

Hong Leong Investment Bank (HLIB) has maintained its “buy” call on IHH Healthcare Bhd, with a target price of RM7.62, as it continued to favour IHH for its resilience in a defensive sector and positioning to benefit from global megatrends, such as an ageing population.

IHH Healthcare poised to benefit from megatrends such as ageing population, says HLIB

KUALA LUMPUR (Dec 1): Bursa Malaysia ended the morning session flat&nbsp;on Friday, as buying interest in selected heavyweight stocks&nbsp;was offset by selling in the mid- and lower liners, while worries over China’s economy further dampened sentiment,&nbsp;a dealer said.&nbsp;

Bursa Malaysia flat at midday break as China worries weigh on sentiment

Bursa Malaysia Bhd on Friday launched the IR4U programme, a comprehensive programme to support and enhance the standards and capabilities of investor relations (IR) practices&nbsp;to raise the visibility and investability of Malaysian&nbsp;listed companies.

Bursa launches IR4U programme to support, enhance investor relations practices

Five local mobile network operators (MNOs) finally executed the share subscription agreements (SSAs) to take up equity stakes in Digital Nasional Bhd’s (DNB) 5G network. &nbsp;

Five telcos ink deals to take up 14% stake each in DNB; Putrajaya to retain 30% plus special share

Apex Healthcare Bhd has proposed to acquire industrial land in Melaka for RM66.5 million, its Bursa Malaysia filing showed on Friday.

The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.

Apex Healthcare to acquire industrial land in Melaka for RM66.5 mil

Alibaba Group Holding Ltd received a rare downgrade from Wall Street on the same day it lost its crown as China’s most valuable e-commerce firm to one of its main rivals.

Morgan Stanley cut its rating on Alibaba’s American depositary receipts to equal-weight from overweight, lowering its price target to US$90 (RM420.93) from US$110.

Alibaba gets rare Wall Street downgrade as rival gains traction

A media statement by Dr&nbsp;Ong Kian Ming, a former deputy international trade and industry minister, on Dec 1, 2023.

Public interest must not be sacrificed in DNB shareholder agreement, says Ong Kian Ming

KUALA LUMPUR (Dec 1): RHB Investment Bank Research&nbsp;(RHB IB) has upgraded its rating on IJM Corp&nbsp;Bhd&nbsp;(IJM) to “buy”, with a higher target price of RM2.21 (previously RM1.99) based on sum-of-the-parts valuation, following the group’s better-than-expected financial performance in the first half of&nbsp;financial year&nbsp;ended Sept 30, 2023 (1HFY2024).&nbsp;