In This or That, we examine former rivals now turned partners Scientex and the company its buying into, Daibochi.</div><div class=inPageAd id=div-gpt-ad-inpage>

FRIDAY TAKEAWAY: Sizing up future partners Scientex and Daibochi

A new substantial shareholder has emerged in MQ Technology Bhd via the acquisition of a 6.12% stake in the Penang-based industrial mould manufacturer.

New substantial shareholder emerges in MQ Tech

The government is targeting 10,000 digital economy entrepreneurs nationwide through the Digital Economy Centre (PEDi) initiative next year, said Communications and Digital Minister Fahmi Fadzil.

Putrajaya targeting 10,000 e-commerce entrepreneurs in 2024 — Fahmi 

The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labour market was gradually losing momentum as higher borrowing costs curb demand in the broader economy.

US weekly jobless claims increase moderately

Here is a brief recap of some corporate announcements that made the news on Thursday: Jentayu Sustainables Bhd, LFE Corp Bhd, Berjaya Food Bhd, Vizione Holdings Bhd, Critical Holdings Bhd, Chin Hin Group Bhd, CPE Technology Bhd.

Jentayu, LFE Corp, Berjaya Food, Vizione, Critical, Chin Hin, CPE Technology 

JF Technology Bhd’s founder and group managing director, Datuk Foong Wei Kuong, has been named Ernst & Young (EY) Entrepreneur of the Year 2023.

JF Tech MD Foong Wei Kuong named EY Entrepreneur of the Year

(Dec 7): KKR & Co is looking past the angst in public and private credit markets for chances to snap up high-yielding debt and strike favourable deals in the coming year.

KKR is shrugging off ‘fear in the market’ to buy up risky debt

The Nasdaq led gains among Wall Street's major indexes on Thursday, driven by a rise in Alphabet shares, while investors looked forward to monthly payrolls data for clues on the Federal Reserve's policy actions.

Wall Street rises on Alphabet boost, payrolls data in focus

LONDON (Dec 7): Russian nationalist Igor Girkin, who had said he wanted to challenge Vladimir Putin in a presidential election in March, had his detention extended for six months on Thursday, as he awaits trial on charges of inciting extremism.

Russian nationalist who wanted to run against Putin to stay in detention

LABUAN (Dec 7): The Federal Government views seriously the delay in implementing the Pan Borneo Highway project in Sabah, which lags behind Sarawak, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Federal govt views delay in implementation of Pan Borneo Highway in Sabah seriously

Main Market debutant CPE Technology Bhd opened at 90 sen on Thursday, a 17 sen or 15.89% discount over its initial public offering (IPO) price of RM1.07, with an opening volume of 6.31 million shares.

CPE Tech drops over 14% on Main Market debut

CIMB Bank&nbsp;Bhd&nbsp;has launched a new online personal loan scheme called the Cash Plus Personal Loan Account 2 Support Facility for eligible members of the Employee Provident Fund (EPF), with a low introductory interest rate of 4.5%&nbsp;per annum.&nbsp;&nbsp;

CIMB Bank launches online loan scheme backed by EPF Account 2

The TRX City Park officially opened to the public last Wednesday (Nov 29). It is located on the rooftop of The Exchange TRX lifestyle hub and retail mall, and covers 10 acres (4.05 hectares). The retail component is part of The Exchange TRX mixed-development that sits on 17 acres and is developed by TRX City Sdn Bhd and Lendlease.&nbsp;

TRX City Park open to public from Nov 29

Retired civil servant Aminah Ahmad, who previously won a court challenge to invalidate the Malaysian government's new pension scheme under the Pension Adjustment (Amendment) Act 2013, is now demanding that Putrajaya comply with the court's order to pay her and 56 other pensioners the backdated pensions owed to them, as well as their adjusted pensions, within 14 days from Dec 1.

Pensioners warn of further action if govt does not pay backdated pensions, adjustments

Bursa Malaysia saw broad-based losses at the midday break on Thursday, led by energy-related stocks as oil markets tumbled.

Bursa broadly lower with losses led by energy stocks as oil tumbles

The latest CIDB Standard Form of Contract (SFOC) represents a significant leap forward from its predecessor, and that it aims to foster a culture of cooperation, shared risks and rewards among project participants, according to Construction Industry Development Board (CIDB) Malaysia CEO Datuk Mohd Zaid Zakaria.

CIDB: New Standard Form of Contract aims to solve construction disputes effectively

Malaysia&nbsp;is expected to save up to RM7 billion by 2030 by using biomass pellets as a national energy source, according to&nbsp;Deputy Prime Minister Datuk Seri Fadillah Yusof.

Malaysia can save RM7b by using biomass pellets as energy source, says Fadillah

Market watchers have maintained their "buy" ratings on Gamuda Bhd, as they expect the engineering and construction group to deliver strong quarters ahead for the financial year ending July 31, 2024 (FY2024), on the back of a record-high order book and unbilled sales.

Analysts maintain 'buy' on Gamuda, expect strong quarters ahead on high order book, unbilled sales

Asia Digital Engineering (ADE), a wholly-owned subsidiary of Capital A Bhd specialising in aircraft maintenance, repair, and overhaul (MRO), has successfully completed its 100th C-Check in just two and a half years, setting a record since its establishment in September 2020.

Capital A unit ADE achieves milestone with 100th C-Check completion

PETALING JAYA (Dec 7): Malaysia is now a country where foreign direct investment (FDI) entities are looking at investing in manufacturing, as their focus has shifted, revealed Investment, Trade and Industry Deputy Minister Liew Chin Tong.&nbsp;

Malaysia in the limelight for FDIs

Over 6,000 professionals have returned to Malaysia under the Returning Expert Programme (REP) since its launch in 2011, according to TalentCorp Group CEO Thomas Matthew.

Over 6,000 professionals returned to Malaysia under returning expert programme, says TalentCorp CEO

Lawyers of two accused, who had been found guilty of murdering deputy public prosecutor (DPP) Datuk Anthony Kevin Morais, told the Court of Appeal on Thursday that there is no evidence to suggest that their clients were involved in his death.

Kevin Morais murder: Duo involved in kidnapping, hiding evidence at best, say lawyers

Works Minister Datuk Seri Alexander Nanta Linggi has confirmed that existing highway concessionaires will still have the rights to collect toll charges as per agreements with the government that are still in force, despite the development of the multi-lane free-flow (MLFF) project by a private firm.

Highway concessionaires retain toll collection rights despite MLFF initiative, says Nanta

KUALA LUMPUR (Dec 7): The share price of Berjaya Food Bhd (BFood), which operates the Starbucks franchise in Malaysia, has tumbled 16% over the last two months, bringing its year-to-date decline to 42.3%.

BFood shares down 16% over the past two months; RHB recommends ‘sell’ with 46 sen TP

theedgemalaysia.com&nbsp;highlighted three stocks with positive momentum and three stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday.

GFM Services, Kinergy Advancement, Hektar REIT, Sunzen Biotech, UOA REIT, Minetech Resources

Critical Holdings Bhd, which is set to make its ACE Market debut on Dec 18, announced on Thursday that the public portion of its initial public offering (IPO) has been oversubcribed by 88.08 times.

ACE-bound Critical Holdings' IPO oversubscribed by 88 times

Bursa Malaysia saw choppy trading throughout the day on Thursday, with China data further adding pressure to the global equities market, on top of earlier worries over oil market slump.

Bursa shares in choppy trading as weak China data weighs

Chin Hin Group Bhd has filed its establishment of a perpetual medium-term note (MTN) with the Securities Commission Malaysia (SC).

Chin Hin Group seeking to raise up to RM500m via perpetual MTN

KUALA LUMPUR (Dec 7): Amid rumours swirling around the award of the Multi-Lane-Fast-Flow (MLFF) system, Works Minister Datuk Seri Alexander Nanta Linggi said Putrajaya has yet to make a final decision on the RM3.46 billion project.

No decision yet on RM3.5 bil Multi-Lane-Fast-Flow project, says Works Minister

Malaysia is expected to experience economic expansion in 2024 due to an anticipated rebound in international trade, the introduction of affirmative government policies, the ongoing recovery of China's economy, and the possible suspension of rate hikes by the US Federal Reserve, according to MIDF Research.

Affirmative policies, China recovery to drive Malaysia's growth in 2024 — MIDF Research

The role of the Bumiputera Agenda Steering Unit (Teraju) will be restructured by focusing on efforts to scale up competitive Bumiputera enterprises, including upgrading small to medium enterprises.