<div class=newsTextDataWrapInner>KUALA LUMPUR (March 8): 4G broadband provider, Packet One Networks Sdn Bhd (P1) plans to expand into a fiber-optic broadband network.</div>
<div class=newsTextDataWrapInner>Its chief executive officer Michael Lai said the company would also upgrade its existing broadband network to 4G TD-LTE (time division long-term evolution).</div>
<div class=newsTextDataWrapInner>Unveiling its P1 2.0 Evolution plan on Thursday, Lai said the fiber-optic network would be launched in April while the TD-LTE upgrades would be done after 2012.</div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner>P1 is a subsidiary of Green Packet Bhd and has nearly 400,000 subscribers.</div>

KUALA LUMPUR (March 8): 4G broadband provider, Packet One Networks Sdn Bhd (P1) plans to expand into a fiber-optic broadband network.
Its chief executive officer Michael Lai said the company would also upgrade its existing broadband network to 4G TD-LTE (time division long-term evolution).
Unveiling its P1 2.0 Evolution plan on Thursday, Lai said the fiber-optic network would be launched in April while the TD-LTE upgrades would be done after 2012.
P1 is a subsidiary of Green Packet Bhd and has nearly 400,000 subscribers.

Packet One to expand into fiber-optic broadband network

Northeast Group Bhd (KL:NE) said on Monday that the public portion of its initial public offering (IPO) has been oversubscribed by 73.42 times ahead of listing on the ACE Market.

Investors snap up Northeast Group's shares, IPO's public portion oversubscribed by 73 times

LONDON/JERUSALEM (Oct 6): Israel's economy has for almost a year ridden out the chaos of a war that risks spiralling into a regional conflict, but rising borrowing costs are starting to strain its financial architecture.

The direct cost of funding the war in Gaza through August was...

Year of war creates cracks in Israel's borrowing strength

Segantii Capital Management, the hedge fund firm at the centre of an insider trading case, has left its 12,000 sq ft office in Hong Kong, said people familiar with the matter.

The firm founded by Simon Sadler vacated the 21st and 22nd floors of 100 Queen’s Road Central, said the people, who requested not to be identified discussing private information. It had more than a year left on its lease, one of them added.

Segantii left Hong Kong office amid insider dealing charge — Bloomberg

ONE of the three shareholders of Sapura Holdings Sdn Bhd — Datuk Shahriman Shamsudin — filed a petition with the High Court on Sept 23 to wind up the family’s investment vehicle, according to a court document.

Shahriman and his elder brother Tan Sri Shahril Shamsudin own a direct stake ...

Sapura Holdings gets winding-up petition from shareholder

TA Global Bhd, via its wholly-owned subsidiary TA First Credit Sdn Bhd, will launch CloutHaus Residences, its latest mixed-use development, in the fourth quarter of this year. The project, located in Jalan P Ramlee in the Kuala Lumpur city centre (KLCC), has been open for registration since end-S...

Cover Story: TA Global to unveil CloutHaus Residences in KL city centre in 4Q

Tokyo Metro Co announced a provisional price range for its initial public offering (IPO) that’s projected to be Japan’s biggest in six years.

The price range of ¥1,100 to ¥1,200 compares with its indicative price of ¥1,100 per share declared earlier, and values the subway operator at between ¥639.1 billion (US$4.3 billion or RM18.4 billion) and ¥697.2 billion.

Tokyo Metro to raise up to US$2.4b in Japan's biggest IPO since 2018

The European Union’s (EU) decision to impose tariffs on Chinese electric vehicles (EVs) has moved the focus to how and when Beijing will retaliate for the escalation in its biggest trade dispute with the bloc in years.

EU backers of China EV tariffs face biggest risk of retaliation

Powerful criminal networks in Southeast Asia extensively use the messaging app Telegram, which has enabled a fundamental change in the way organised crime can conduct large-scale illicit activity, the United Nations (UN) said in a report on Monday.

Criminal networks in Southeast Asia flourishing in Telegram's 'underground markets' — UN report

Malaysia continued to build up foreign reserves and amassed the biggest hoard in nearly a decade at the end of September, according to the central bank.

The latest international reserves totalled US$119.7 billion, the most since Dec 15, 2014, compared with US$117.6 billion at Sept 13, Bank Negara Malaysia (BNM) said in a statement on Monday. The reserves level has taken into account the quarterly foreign exchange revaluation changes.

Malaysia continues to amass forex reserves, now at US$119.7 bil

S Iswaran was set to hand himself to a Singapore court on Monday to become the first ex-Cabinet minister to be jailed in almost half a century, in a scandal that has riveted a city that prides itself on good governance.

Singapore's ex-minister Iswaran to start serving jail time on Monday

Just outside the capital of Laos — a country with an economy smaller than Vermont — a US$6 billion (RM25 billion) rail line carves its way through rice paddies and forested mountains toward the border with China.

Further south, Malaysia’s king is seeking Chinese investors for a high-speed rail to Singapore, while in Vietnam, a US$6.3 billion trio of railroads built by Beijing are a linchpin in the nation’s efforts to bolster its economy and regional trade ties.

China’s bullet trains extend towards Singapore despite debt fears

Malaysian semiconductor companies’ near-term earnings will be dragged by recent strengthening in the ringgit against the US dollar, though investors should focus on the medium- to long-term outlook, said TA Securities.

TA tips buying semiconductor stocks following correction, look past forex impact

Foreign investors increased their equity sell-off on Bursa Malaysia last week, reaching a net selling high of RM1.1&nbsp;billion, the highest in 18 weeks, according to MIDF Research in a note on Monday.

Foreign investors' net selling hits 18-week high of RM1.1b on Bursa

Bathroom and kitchen ware firm Sorento Capital Bhd has priced its initial public offering (IPO) at 37 sen per share to raise RM84.73 million on the ACE Market.

The proposed IPO involves public issue of 155 million new shares and an offer for sale of up to 74 million existing shares, according to the prospectus launched on Monday. All in all, the listing offers investors up to 26.62% stake in the company.

ACE Market-bound Sorento Capital sets IPO at 37 sen a share to raise up to RM84.7m

The world-beating rally in Chinese stocks is failing to convince many global fund managers and strategists.

Invesco Ltd, JPMorgan Asset Management, HSBC Global Private Banking and Wealth, and Nomura Holdings Inc&nbsp;are among those viewing the recent rebound with skepticism and waiting for Beijing to back up its stimulus pledges with real money. Some are also concerned many stocks are already reaching overvalued levels.

China stock scepticism gets louder as world-beating run extends

Johor will revert&nbsp;its weekend holidays to Saturday and Sunday, effective from&nbsp;Jan&nbsp;1,&nbsp;2025.

Johor to revert weekend to Saturday and Sunday in 2025

KUALA LUMPUR (Oct 7): Malaysia will continue to pursue structural reforms as recent measures have proven effective, judging from the strengthening ringgit, rising investment, and better economic growth, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: Malaysia to persist with structural reforms as recent measures had borne fruit

Malaysia’s property transaction values hit RM105 billion in the first half of this year from almost 199,000 transactions, making these the highest transaction values and volume in the last five years.

Based on a back-of-the-envelope calculation hinged on unchanged market sentiment in th...

The REAL deal: Malaysia’s home prices 30 years ago

Leong Hup International Bhd (KL:LHI) is expected to report stronger earnings in the second half of 2024 on better product prices and foreign exchange cost savings, Maybank Investment Bank said.

Leong Hup to report stronger earnings on better product prices, forex cost savings — Maybank

Asian stocks rallied and the dollar reached a fresh seven-week peak on the yen on Monday, after&nbsp;blowout&nbsp;US&nbsp;labour market data dispelled fears of a recession and spurred a sharp paring of rate-cut bets.

Japan leads Asian stock rally, dollar firms after blowout US payrolls

Top Chinese chipmaker Semiconductor Manufacturing International Corp (SMIC) led a US$13 billion (RM55.58 billion) sector rally, after investors bet that Beijing will declare more policy or financial support for an industry central to its geopolitical ambitions.

Chinese chip stocks gain US$13b on talk of Beijing stimulus

Top Glove Corporation Bhd (KL:TOPGLOV), the world’s largest glovemaker by volume, will likely report a smaller net loss in its final quarter thanks to higher sales, said RHB Investment Bank.

Core loss will likely come in between RM2 million and RM5 million for the quarter ended Aug 2024 (4QFY2024) versus RM53.5 million in the 3QFY2024 as sales grew 20%, RHB said in an earnings preview. That would bring FY2024’s net loss to RM175 million, sharply below FY2023’s RM517 million.

Top Glove's core net loss likely smaller in 4Q on higher sales

Hezbollah rockets hit Haifa, Israel's third-largest city, Israeli police said early on Monday, and Israeli media reported 10 people were injured in the country's north.

Hezbollah rockets hit Israel's Haifa, 10 injured

DAP never suggested the setting up of a unity government in Johor, and is comfortable playing a balancing role in the state.

DAP secretary general Anthony Loke Siew Fook said the party took its responsibility seriously as outlined in a degree by the King, Sultan Ibrahim Sultan Iskandar, who was the Sultan of Johor at the time, that the opposition assemblymen be named as balancers.

DAP never proposed unity govt in Johor, comfortable with balancing role, says Loke

THE 1997/98 Asian financial crisis (AFC), which led to severe currency devaluation and a bloodbath in the region’s stock markets, bankrupted many businesses and investors. It was a painful lesson that deeply scarred Asian investors and many have since shied away from the stock market.

B...

Stocks you wish you had bought in September 1998

UK Prime Minister Keir Starmer replaced his top aide, and the Treasury acknowledged that key tax-raising plans were under review, as the Labour government tried to correct course from what even allies say has been a rocky three months in power.

UK PM Starmer forced into messy reset less than 100 days in

KUALA LUMPUR (Oct 7): Government-linked investment companies (GLIC), and government-owned entities in general, should not “crowd out” private players when investing to develop Malaysia’s economy, said Khazanah Nasional Bhd managing director Datuk Amirul Feisal Wan Zahir.

GLICs should not ‘crowd out’ private players, says Khazanah MD

Kenanga Research named a few commodity and consumer stocks as potential "outflow hedge" amid capital outflows from regional equity markets, including Malaysia, in response to Chinese stimulus measures.

The research firm noted that since the Chinese stimulus measure was announced, Asean equity markets saw broad-based outflows in early October, especially in Malaysia which was unsurprising on strong performance of 20% year to date gain in the FBM KLCI in dollar terms.

Kenanga names commodity, consumer stocks as 'hedge' against outflow amid China economic stimulus

Oil executives have emerged as an increasingly important source of funding for Donald Trump, as industry titans open their wallets to bolster the Republican nominee’s campaign for a second term in the White House. &nbsp;

Oil moguls emerge as key cash source for Trump as election nears

Wanita DAP chief&nbsp;Teo Nie Ching has been elected as the Johor DAP chairman for the 2027/2027 term, replacing Deputy Investment, Trade and Industry Minister Liew Chin Tong, who has held the position since 2014.