Malaysia is awaiting a decision from the Madrid Criminal Court in Spain on whether arbitrator Gonzalo Stampa committed crimes by compelling Kuala Lumpur to pay US$14.92 billion (about RM70 billion) in the Sulu dispute case, said Minister in the Prime Minister’s Department (Law and Institutional Reforms) Datuk Seri Azalina Othman.

Azalina: Malaysia awaiting Madrid court's verdict, hope to put an end to Sulu claims

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

PM set to announce Cabinet reshuffle tomorrow, EPF CEO tipped to be finance minister II — sources

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

Supermax says shareholders without board posts can't speak for company as family strain resurfaces over jet buy

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

Malacca Securities deems BPlant’s takeover price unfair but recommends shareholders accept it

Hong Kong-listed NagaCorp Ltd — the largest gaming entertainment company in the Mekong Region — on Monday confirmed the passing away of its founder and senior chief executive officer Tan Sri Dr Chen Lip Keong.

NagaCorp confirms the passing of gambling tycoon Chen Lip Keong due to illness

KUALA LUMPUR (Dec 11): Bursa Malaysia Derivatives Bhd (BMD) has launched its first currency futures contract, the Mini USD/CNH Futures (FCNH), through a licensing agreement established with Hong Kong Exchanges and Clearing Ltd (HKEX).

Bursa Malaysia Derivatives launches first currency futures contract through HKEX collaboration

Japanese Prime Minister Fumio Kishida is set to replace as many as 15 ministers and junior ministers, the Asahi newspaper said, as he seeks to contain the fallout from a slush fund scandal threatening to paralyse his government.

Japan’s Kishida to fire more officials in slush fund scandal threatening to paralyse govt — media

Australia’s government is looking to calm a political storm around record-high migration, at a time when Prime Minister Anthony Albanese faces plunging approval ratings, stoked by public discontent on everything from inflation to surging rents.

Australia to curb migration as PM Albanese faces voter backlash

KUALA LUMPUR (Dec 10): Datuk Seri Anwar Ibrahim said the desperate "tebuk atap" (political manoeuvring to orchestrate the collapse of the government) attempts by the Opposition will not succeed because the Unity Government, which is helmed by 18 component parties, has "bumbung yang konkrit" (solid support).

PM: Attempts at political manoeuvring will fail, Unity Govt has solid support

The move of the Ministry of Transport (MOT) in not offering discount for summonses of the Road Transport Department (RTD) in conjunction with the Madani government's one-year anniversary programme is to educate the people.

Loke: No discount for Road Transport Dept summonses to send the right message

A total of 32,462 cases of online fraud with losses amounting to RM1.3 billion were recorded from January to November this year.

Over 30,000 online fraud cases with RM1.3b in losses recorded from January to November — police

A historic slump in Hong Kong’s US$4.6 trillion (RM21.46 trillion) stock market is rippling through the city’s financial industry.

Thirty local brokerages have closed down this year, after a record 49 shut up shop in 2022, according to Hong Kong stock exchange data. That comes as Wall Street banks lay off dealmakers due to a plunge in initial public offerings (IPOs).

Hong Kong’s stock slump triggers wave of brokerage closures

Supermax Corp Bhd announced that its first glove manufacturing facility in the US is nearing completion, with the group having fulfilled and complied with various regulatory requirements, including permits, to operate the plant in Brazoria County, Texas.

Supermax's US factory nears completion

YTL Power International Bhd has confirmed that it is going to collaborate with Nvidia Corp to build an AI infrastructure that will be powered by the US-based chip giant’s technology, with the first phase of the data centre expected to commence operations by the middle of next year.

YTL Power confirms AI data centre deal with Nvidia; shares hit record high with YTL Corp

Here is a brief recap of some corporate announcements that made the news on Monday:

DRB Hicom, YTL Power, YTL Corp, Censof, Hong Leong Industries, Supermax 

The Madani Inclusive Housing Concept will be catalyst for the development of affordable housing projects for the target groups in the country said Prime Minister Datuk Seri Anwar Ibrahim.

Madani Inclusive Housing Concept will serve as catalyst for affordable housing projects — PM 

Jentayu Sustainables Bhd has clarified that the funds that it is planning to raise from its latest private placement to be spent on pre-development expenses for the 170MW hydro project Oriole is part of "tried and tested industry norms" that are benchmarked against similar hydropower plant developments in Sabah.

Jentayu says pre-development spending on Project Oriole is part of industry norms

Dry weather risks damaging Brazilian crops of the cheapest coffee bean variety, threatening to make instant coffee less affordable.

Instant coffee prices risk rising with dryness hurting Brazilian crops

Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country's investment landscape and ecosystem to be more creative and investor-friendly.

Anwar wants Malaysia's investment landscape, ecosystem to be more creative and investor friendly

Microsoft Corp is teaming up with labour unions to create “an open dialogue” on how artificial intelligence (AI) will impact workers.

Microsoft, labour unions form ‘historic’ alliance on AI

Taiwan's military sent forces to watch a Chinese naval formation, led by the aircraft carrier Shandong, sailing through the Taiwan Strait on Monday, Taiwan's defence ministry said, as Beijing keeps up pressure ahead of elections next month.

Taiwan again reports Chinese carrier group in Taiwan Strait as election looms

Hamas said it was striking back against Israeli forces across Gaza on Monday and Palestinians and international relief agencies said public order was disintegrating as hunger spread, fuelling fears of a mass exodus to Egypt.

Gazans say hunger is causing social breakdown, fuelling fears of exodus into Egypt

The UN's climate body on Monday published its latest draft text of the deal it hopes to reach at the COP28 summit in Dubai, which includes a range of actions countries could take to reduce emissions.

New COP28 draft text does not mention phase out of fossil fuels

Prime Minister Datuk Seri Anwar Ibrahim is expected to announce a Cabinet reshuffle on Tuesday, which will likely include the appointment of a finance minister II, according to sources with knowledge of the matter.

Supermax Corp Bhd said shareholders without any management role or without position in the company’s board of directors have no authority to make any official statement on its behalf.

KUALA LUMPUR (Dec 11): Shares in YTL Power International Bhd continued their upward momentum on Monday toward their highest since the company’s listing in 1997, after it announced its partnership with US-tech giant Nvidia Corp to build an artificial intelligence (AI) data centre in Johor.

YTL Power, YTL Corp hit fresh record highs on AI hub tie-up with Nvidia

Huawei Technologies Co’s Mate 60 Pro smartphone shows “significant progress” in China’s domestic design and engineering of radio-frequency chips, according to the latest findings from research firm TechInsights.

Huawei phone shows China replacing US suppliers of 5G tech

Abang Abdillah Izzarim Abang Abdul Rahman Zohari has stepped down as executive chairman of Sarawak Consolidated Industries Bhd (SCIB), just six months after he was appointed to the position.

Abang Jo’s son Abang Abdillah resigns as SCIB executive chairman; Zaini Jass named new non-executive chairman

KUALA LUMPUR (Dec 11): Independent advisor Malacca Securities said the takeover offer price of RM1.55 for Boustead Plantation Bhd (BPlant) by Lembaga Tabung Angkatan Tentera (LTAT) is “not fair” but “reasonable” and recommended that shareholders accept the offer.

theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

YTL Corp, KUB Malaysia, RCE Capital, Engtex, YTL Power

The contract value of local companies' involvement in the East Coast Rail Link (ECRL) project has reached RM12.99 billion, surpassing the set target of RM10.8 billion, according to Transport Minister&nbsp;Anthony Loke Siew Fook.

ECRL: Local company contract value reaches RM12.99b, surpasses RM10.8b target, says Loke

KUALA LUMPUR (Dec 11): The move towards&nbsp;de-dollarisation could have positive impacts on the Malaysian economy, said&nbsp;Socio-Economic Research Centre executive director Lee Heng Guie.&nbsp;

De-dollarisation could have positive impacts on Malaysian economy — expert

Yang di-Pertuan Agong&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah officiated the installation of the first&nbsp;track of the East Coast Rail Link (ECRL) project here on Monday.

King officiates installation of first ECRL track

DRB-Hicom Bhd has entered into an agreement to form a joint-venture (JV) company with China’s auto giant Zhejiang Geely Holding Group Co Ltd for the overall operation and management of the development and construction of the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely form JV to develop Automotive Hi-Tech Valley project

KUALA LUMPUR (Dec 11): Jentayu Sustainables Bhd’s second generator of its 40MW (megawatt)&nbsp;Telekosang run-of-river hydropower plant in Tenom, Sabah, has achieved its initial operation date on Dec 9, with the feed-in-tariff commencement date (FiTCD) targeted in the next 30 days.

Jentayu sees Telekosang Hydro 2 feed-in-tariff in one month, to rope in partner for 170MW Project Oriole

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Bursa Malaysia snapped five consecutive days of losses last week to end higher on Monday on late buying amid the mixed regional market performance, said an analyst.&nbsp;

Late buying lifts Bursa to end at intraday high

Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million.

Sentral REIT completes RM450 mil acquisition of Menara CelcomDigi from MRCB

Hong Leong Industries Bhd (HLI) has sold its investment holding firm HLI Trading Ltd (HLIT) to Guoline International Ltd (GIL) for US$7.78 million (RM36.22 million) in a related-party cash transaction.

Hong Leong Industries sells investment holding unit to major shareholders’ firm

Penang has reportedly&nbsp;proven its allure to both new and existing investors, with an investment inflow of RM34.6 billion in the manufacturing sector in the third quarter of 2023 (3Q2023), a 421% year-on-year (y-o-y)&nbsp;increase.

Penang saw RM34.6b manufacturing-sector investment inflow in 3Q, says Chow

Malaysia’s government can’t rule out whether a local charity funnelled millions of dollars to Hamas, according to officials familiar with the matter, as it probes the group for allegedly supporting a conservative Islamist organisation in the Southeast Asian nation.

Malaysia can’t rule out if millions in donations went to Hamas

Chinese chip designers including Tencent Holdings are aggressively pitching their AI chips as alternatives to Nvidia's, hoping US export restrictions will prompt clients to switch, said four people familiar with such discussions.

After US curbs, Tencent and small chip designers chase Nvidia's China crown

UOB Malaysia has announced the&nbsp;pricing and private placement of EXSIM Group’s RM365 million four-year Asean Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah.

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