<div class=newsTextDataWrapInner>SINGAPORE (Feb 22): Boustead Singapore has heeded calls to improve its offer for separately-listed subsidiary Boustead Projects.</div>

<div class=newsTextDataWrapInner>The engineering and property firm will now offer 95 cents to take its property-focused subsidiary private. This is five cents more than the original offer of 90 cents, but four cents below Boustead Projects’ last traded price of 99 cents.</div>

<div class=newsTextDataWrapInner>According to Boustead Singapore after the market&nbsp;closed&nbsp;on Wednesday (Feb 22), the revised offer price is final, unless there’s a “competitive situation”<a href="https://www.theedgesingapore.com/news/company-news/boustead-singapore-revises-privatisation-offer-subsidiary-boustead-projects-95" target="_blank">...(click on link for full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Boustead Singapore has heeded calls to improve its offer for separately-listed subsidiary Boustead Projects.

The engineering and property firm will now offer 95 cents to take its property-focused subsidiary private. This is five cents more than the original offer of 90 cents, but four cents below Boustead Projects’ last traded price of 99 cents.

Boustead Singapore revises privatisation offer for subsidiary Boustead Projects to 95 cents

Hong Leong Investment Bank, the independent adviser appointed to assess the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, from the consortium led by Khazanah Nasional Bhd and Employees Provident Fund, has concluded that the offer price is not fair but reasonable.

MAHB takeover: Adviser recommends acceptance but independent directors disagree

KUALA LUMPUR (Dec 20): Analysts cut Aeon Credit Service (M) Bhd’s (KL:AEONCR) earnings projections due to elevated credit costs.

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Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.

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Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

YTL Power, YTL Corp continue to climb after MACC clearance

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Malaysia's inflation rate dipped to 1.8% in November, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia on Friday.

Malaysia's inflation eases slightly in November, driven by lower transport and tech costs

KUALA LUMPUR (Dec 20): The Council of the European Union (EU) has formally adopted the regulation on the postponement of application of the EU deforestation law by one year.

Council of EU adopts one-year postponement for deforestation law

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

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Food delivery apps in India are promising to bring biryani to hot beverages at customers’ doorsteps in under 10 minutes, as competition for impatient consumers intensifies among digital platforms.

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Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

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Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

(Dec&nbsp;20):&nbsp;A federal judge confirmed an 18-year prison sentence for Archegos Capital Management founder Bill Hwang, rejecting arguments that he should be allowed to spend a third of that time in the comfort of his own home.

Bill Hwang’s bid to reduce 18-year prison term is rejected

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

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(Dec&nbsp;20):&nbsp;US stocks ended a choppy session with modest losses, struggling to rebound from the selloff they suffered after the US Federal Reserve dialed back rate-cut expectations for next year.&nbsp;

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Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

(Dec 20):&nbsp;Asian stocks traded in a tight range early Friday, after the US Federal Reserve’s hawkish pivot continued to weigh on US equities and bonds but lifted the dollar.

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Hong Leong Investment Bank, the independent adviser appointed to assess the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, from the consortium led by Khazanah Nasional Bhd and Employees Provident Fund, has concluded that the offer price is not fair but reasonable.

BlackRock Inc said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.

BlackRock writes down flagship renewable fund, overhauls leaders

Malaysia's inflation rate dipped to 1.8% in November, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia on Friday.

KUALA LUMPUR (Dec 20): Malaysia’s Foreign Minister Datuk Seri Mohamad Hasan is currently in Bangkok, Thailand, attending the Asean&nbsp;Troika Informal Consultation and Extended Informal Consultation sessions.

Malaysian foreign minister attends Asean Troika consultations in Bangkok

China’s short-term bond yields slumped further to reach the psychological milestone of 1% for the first time since the global financial crisis, as traders ramped up bets on monetary easing.

China one-year yield sinks to 1% for first time since 2009

SYDNEY (Dec 20): Dealmakers expect the momentum for new share sales in India, now the world’s busiest market for initial public offerings (IPOs), and Australia in 2025, will cushion the impact of sluggish Chinese deals in the Asia Pacific.

India, Australia brighten new share sales prospects for 2025 in Asia Pacific

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

LOS ANGELES/BENGALURU (Dec 19): FedEx announced the&nbsp;much-anticipated spinoff&nbsp;of its&nbsp;freight&nbsp;trucking division on Thursday, as it restructures operations to focus on its core delivery business.

FedEx to spin off its freight trucking business

President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday.

Trump would support abolishing the debt ceiling, NBC reports

TOKYO (Dec 20):&nbsp;Japan’s core inflation accelerated in November as rising food and fuel costs hit households, data showed on Friday, keeping the central bank under pressure to raise interest rates.

Japan’s core inflation accelerates, keeps BOJ rate-hike chance alive

The International Monetary Fund views Wednesday's Federal Reserve interest rate cut and adoption of a more cautious outlook as appropriate given high US economic uncertainty, IMF spokesperson Julie Kozack said on Thursday.

IMF says Fed taking appropriate action on rates given high US uncertainty

Bankrupt retailer Big Lots Inc no longer anticipates it can complete its asset sale to private equity firm Nexus Capital Management LP and will commence the sale of its stores in coming days to protect the value of its real estate.

Big Lots sale to Nexus falls apart, plans to close business

South Korea’s financial market regulator is increasing pressure on lenders to clean up troubled real estate loans as the nation’s political turmoil hurts economic growth.