<div class=newsTextDataWrapInner><p>SINGAPORE (Sep 22): Far East Hospitality Trust (Far East H-Trust) announced it has entered into a joint venture agreement with Far East Organization Centre (FEOC), a unit of Far East Organization, to<br />
participate in the development of a new $443.8 million hotel project located on Sentosa.</p></div>

<div class=newsTextDataWrapInner><p>Far East H-Trust will hold a 30% stake in the hotel.</p></div>

<div class=newsTextDataWrapInner><p>The development is a heritage hotel site at Artillery Avenue, Sentosa. Integrating two distinctive hotels -- Outpost Hotel Sentosa and Village Hotel Sentosa, they will collectively house 850 guest rooms.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Outpost Hotel Sentosa will cater to travellers looking for a stylish upscale product, while Village Hotel Sentosa will present an experiential stay for families, leisure and meeting groups where they can have the opportunity to discover the rich cultures and heritage of the surroundings.</p></div>

<div class=newsTextDataWrapInner><p>The hotel has a 60-year leasehold.</p></div>

<div class=newsTextDataWrapInner><p>Far East H-Trust’s stake will be fully funded by debt and the development is expected to be completed in 2018.</p></div>

<div class=newsTextDataWrapInner><p>Far East H-Trust closed 0.61% lower at 81.5 cents on Friday.</p></div>


SINGAPORE (Sep 22): Far East Hospitality Trust (Far East H-Trust) announced it has entered into a joint venture agreement with Far East Organization Centre (FEOC), a unit of Far East Organization, to
participate in the development of a new $443.8 million hotel project located on Sentosa.

Far East H-Trust to co-develop $443.8 million hotel in Sentosa with sponsor

Greece is selling a 10% stake in National Bank of Greece as part of a privatisation drive that has seen the state exiting from lenders in the past year. 

The price range for the deal has been set at €7.30 to €7.95, the Hellenic Financial Stability Fund (HFSF) — a bank recapitalisation tool established at the start of Greece’s bailout programmes — said on Monday. The upper end of the range is higher than last Friday’s close at €7.84. This means that Greece could raise as much as €727.2 million (US$812 million or RM3.35 billion) from the sale.

Greece to sell 10% of National Bank for up to €727m

World shares ticked lower on Monday as economic uncertainty fuelled by strife in the Middle East offset policy measures meant to buoy markets, ahead of a week packed with data that could determine central banks' next steps.

European shares skid, China stocks surge

KUANTAN (Sept 30): The Ministry of Higher Education (MOHE) has confirmed that, to date, no students or staff from higher education institutions (IPTs) have been found to be involved with GISB Holdings Sdn Bhd (GISBH).

GISBH: No IPT students or staff involved, says MOHE

TCS Group Holdings Bhd (KL:TCS) has secured a contract worth RM116.58 million from a subsidiary of S P Setia Bhd (KL:SPSETIA).

It involves building and related infrastructure works for 561 units of affordable housing as part of the Setia Bayuemas project in Klang, Selangor.

TCS secures RM117 mil construction contract from S P Setia

LONDON (Sep 30): British business confidence ebbed slightly this month after reaching an eight-year high in July and August, as concerns about the broader economic outlook rose to a six-month high, a survey from Lloyds Bank showed on Monday.

Lloyds' overall business barometer - which re...

UK business confidence falls from eight-year high, Lloyds says

Red flags were not raised to indicate that financial transactions to former prime minister Datuk Seri Najib Razak were suspect, the court in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial heard on Monday.

Defence in 1MDB-Tanore case says red flags not raised regarding financial transactions involving Najib's account

PUTRAJAYA (Sept 30): Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim will undertake his first official visit to Pakistan from Oct 2 to 4, which is set to bolster Malaysia-Pakistan ties through strategic discussions on enhancing bilateral cooperation.

PM to undertake official visit to Pakistan to strengthen bilateral ties

The High Court on Monday fixed Jan 6, 2025, to hear former prime minister Datuk Seri Najib Razak and his son Datuk Nazifuddin Najib's appeals to stay bankruptcy proceedings for their failure to settle RM1.69 billion and RM37.64 million in tax arrears to the Inland Revenue Board (IRB). Their initial applications had been denied by the deputy registrar in July.

High Court fixes Jan 6 for Najib and son Nazifuddin’s bid for stay of bankruptcy proceedings

NASHVILLE (Sept 29): Nearly every day, Latrina Begley, 37, of Nashville, or one of her six children, shopped at the Family Dollar down the hill from their home, using federal food benefits to buy Hot Pockets or frozen pizza, and staples like milk.

But Family Dollar shut down the lo...

When the dollar store closes, US families on food benefits lose a lifeline

A summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI down 0.67% to 1,648.91 on Sept 30, 2024

<p>Malaysia’s consumer stocks are set for a bounce thanks to tailwinds from a stronger ringgit, according to the country’s top-performing fund.</p>


Top performing fund in Malaysia switches to consumer stocks

<p>More Chinese are headed to Europe and other far-flung hotspots during the Golden Week holiday that sees hundreds of millions in the country on the move, in the most robust signs of a travel rebound since the country reopened its borders.</p>


Chinese headed to Europe for Golden Week; Kuala Lumpur preferred destination among Asian cities

<p>Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about US$3.59 billion (RM14.8 billion) to the liquidators of his company and creditor HSBC Holdings Plc, ending the multi-year civil cases against him and his family.</p>


Former Singapore oil mogul to pay liquidators, HSBC US$3.6b

<p>Malaysia could miss its own government revenue target this year amid a decrease in non-tax revenue income, BMI, a Fitch Solutions research unit, warned on Monday.</p>


Putrajaya at risk of missing govt revenue target this year — BMI 

<p>Foreign investors ended their six-week net buying streak with a net outflow of RM527 million last week, according to a MIDF Research note on Monday.</p>


Foreign investors turn net sellers amid declining trading volumes

<p>Analysts foresee a substantial rise in deposits at Affin Bank Bhd (KL:Affin) after the Sarawak government raised total ownership in the bank to 31%, becoming its largest shareholder.</p>


Analysts expects CASA surge for Affin Bank after Sarawak govt ups stake

<p>The National Audit Department (NAD) will be auditing 2,000 government-linked companies (GLCs) beginning next year, in&nbsp;an effort to create a new era of enhanced governance in Malaysia, said Auditor General Datuk Wan Suraya Wan Mohd Radzi.</p>


Govt to audit 2,000 GLCs next year, with 'no entity left behind'

<p>World shares ticked lower on Monday as economic uncertainty fuelled by strife in the Middle East offset policy measures meant to buoy markets, ahead of a week packed with data that could determine central banks' next steps.</p>


<p>The Malaysia Competition Commission (MyCC) said on Monday investigation found 81 enterprises allegedly involved in a price-fixing agreement for the provision of Umrah travel services.</p>


MyCC probe finds 81 enterprises fixing prices of Umrah travel services

<p>Toh Puan Na'imah Abdul Khalid has called on the police to investigate Prime Minister Datuk Seri Anwar Ibrahim for alleged abuse of power, conspiracy and criminal conduct.</p>


Daim’s wife wants police to investigate Anwar

<p>Malaysia needs to rationalise subsidies for RON95 petrol next year or risk greater fiscal burden after the government decided to raise civil servants’ salaries, said the Australia &amp; New Zealand Banking Group.</p>


Govt needs to rationalise RON95 subsidies next year or risk greater burden after pay hike for civil servants — ANZ

<p>KUALA LUMPUR (Sept 30): Uzma Bhd’s (KL:UZMA) unexpected proposed dividend, its first in 10 years, signals a sustainable outlook for the oil and gas services firm, Phillip Capital said on Monday.</p>


Uzma’s surprise proposal of first dividend in a decade signals sustainable outlook — Phillip Capital

<p>(Sept 30): Malaysia's ringgit climbed on Monday against the dollar to hit its highest in more than three years as additional Chinese stimulus measures over the weekend propped up sentiment for regional currencies and extended a sharp rally in China stocks.</p>

<p>The ringgit rose as much as 0....

Ringgit gains most among Asian FX, Chinese stocks soar

<p>The estranged brother of former Singapore prime minister Lee Hsien Loong said he has paid two senior ministers who sued him for defamation.</p>


Singapore ex-PM’s brother pays ministers US$483,610 for defamation 

<p>BYD has informed the Chinese regulator it is recalling nearly 97,000 electric vehicles (EVs) for a manufacturing fault involving a steering control unit that could lead to fire risks, the market regulator said on Sunday.</p>


BYD recalling 97,000 top-selling EVs on steering component fault, regulator says

<p>The government will shift to a more meaningful measurement of poverty based on the concept of net disposable income (NDI) as the basis for identifying target groups for aid distribution, said Datuk Seri Anwar Ibrahim.</p>


Anwar: Net disposable income to form basis of govt’s aid distribution moving forward

<p>The official reserve assets amounted to US$116.77 billion (RM481.6 billion), while other foreign currency assets amounted to US$88.9 million as at end-August 2024, said Bank Negara Malaysia (BNM).</p>


BNM: Malaysia’s official reserve assets at US$116.7b as of end-August 2024 

<p>KUALA LUMPUR (Sept 30): The Malaysian Aviation Commission (Mavcom) has received a total of 2,083 complaints, marking a 32% year-on-year (y-o-y) decease in the number of complaints filed for the first six-month period of this year (1H2024), according to its 16th issue of its&nbsp;bi-annual consumer report.&nbsp;&nbsp;</p>


Mavcom sees 32% drop in complaints received for 1H2024, Firefly tops list

<p>Britain will become the first G7 country to end coal-fired power production on Monday with the closure of its last plant, Uniper’s Ratcliffe-on-Soar in England’s Midlands.</p>


Britain to become first G7 country to end coal power as last plant closes

<p>A schizophrenic 39-year-old construction worker has been sentenced by the High Court to a total of 61 years’ jail, after the court found Mahadi Mamat guilty of commissioning terrorist acts by threatening to attack the Sri Maha Mariamman temple in Seafield, Selangor, and threatening to attack four high profile individuals.</p>
