<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 19): Dr Zhao Ning, the billionaire co-founder of Shanghai- and Hong Kong-listed pharmaceutical research firm WuXi AppTec, passed away at the age of 56 after battling cancer for 20 years.</p></div>

<div class=newsTextDataWrapInner><p>In an obituary posted on its website, WuXi AppTec said Dr Zhao, who is also executive director of the board and corporate senior vice-president of WuXi AppTec, passed away on May 16.</p></div>

<div class=newsTextDataWrapInner><p>The company said she obtained her bachelor’s degree in chemistry from Peking University, doctoral degree in organic chemistry from Columbia University and then began her career with top organisations, advancing through the ranks of research and management.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“During her long battle against cancer, Dr Zhao’s strong sense of purpose led to her tireless global philanthropic efforts to support cancer research and foster future leaders so new treatments and cures will benefit patients around the world,” it said.</p></div>

<div class=newsTextDataWrapInner><p>WuXi AppTec’s partners include multinational Johnson &amp; Johnson and US-based biotechnology company Wugen Inc.</p></div>


Dr Zhao Ning, the billionaire co-founder of Shanghai- and Hong Kong-listed pharmaceutical research firm WuXi AppTec, passed away at the age of 56 after battling cancer for 20 years.

China's pharma billionaire Zhao Ning dies aged 56

KUALA LUMPUR (Dec 11): The proposal to establish a court or tribunal specifically to deal with human rights issues and violations in Malaysia is still at the preliminary evaluation stage, said Deputy Minister in the Prime Minister's Department (Law and Institutional Reform) M Kulasegaran.

Proposed setting up of human rights court still at preliminary evaluation stage — Kulasegaran

The Dewan Rakyat approved the Online Safety Bill 2024 in a bloc vote following a request from the Opposition.

Online Safety Bill approved by Dewan Rakyat in bloc vote

Astro Malaysia Holdings Bhd (KL:ASTRO) made a net profit of RM46.94 million for its third quarter ended Oct 31, 2024 (3QFY2025) — its fourth consecutive quarter in the black, as opposed to a net loss of RM47.05 million incurred in 3QFY2024.

Astro logs fourth straight profitable quarter on favourable forex, lower amortisation of assets

KLANG (Dec 11): The Selangor government has accepted with an open heart, the recent reprimand by the Sultan of Selangor, Sultan Sharafuddin Idris Shah, who expressed concern regarding the level of cleanliness in the Royal City of Klang, and the flash flood situation in the state.

MB: Selangor govt takes heed of Sultan’s concerns, sets up task force to expedite flood mitigation efforts

The Malaysian Human Development Index (MHDI), an indicator used to analyse the country's socioeconomic development and assess human development, maintained a score of 0.816 in 2023.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidi, in a statement on Wednesday, said the performance of the MHDI score in 2023 is at a very high level.

No change in Malaysian Human Development Index in 2023

AE Multi Holdings Bhd (KL:AEM) has proposed a share capital reduction to wipe out up to RM156 million of the company’s accumulated losses.

AE Multi Holdings proposes RM156m share capital reduction

The retail prices for RON97 and RON95 petrol will remain unchanged at RM3.19 and RM2.05 per litre respectively from Dec 12-18.

The Ministry of Finance in a statement on Wednesday said that the retail price of diesel in Peninsular Malaysia will also remain at RM2.95 per litre,  while in Sabah, Sarawak and Labuan, the price will remain at RM2.15 per litre during the same period.

Retail prices of RON97, RON95 and diesel unchanged

Prime Minister Datuk Seri Anwar Ibrahim met Denmark's Foreign Minister Lars Løkke Rasmussen at the Parliament building on Wednesday, during which they discussed bilateral relations and cooperation between the two countries.

Anwar hosts Denmark's foreign minister to discuss bilateral ties

SINGAPORE (Dec 11): QR code immigration clearance will be progressively implemented at all automated lanes and Special Assistance Lanes (SALs) in the bus halls of Singapore’s land checkpoints, starting with the Tuas checkpoint, from Dec 16 this year.

Singapore: QR code immigration clearance to start for bus travellers from Dec 16, 2024

Labour unions at major Japanese auto manufacturers have set a specific target for pay hikes for wage negotiations for the first time in seven years, as they aim to spread wage growth momentum to smaller firms, a key goal of the government and central bank.

Japan auto unions group sets pay hike target for first time in seven years

<p>MBSB Bhd (KL:MBSB) could potentially dish out another dividend between March and June 2025, according to BIMB Securities on Wednesday.</p>


MBSB may announce another dividend in March-June 2025 after Tuesday's surprise, BIMB says

<p>KUALA LUMPUR (Dec 11): Shares of Dagang NeXchange Bhd (KL:DNEX) climbed to their highest in four months amid high volume trade, following news of its joint venture (JV) with Gamuda Bhd (KL:GAMUDA) to provide Google Cloud services in Malaysia.</p>


Dagang NeXchange shares climb to four-month high following news of JV with Gamuda, analysts cautious

<p>KUALA LUMPUR (Dec 11): Shares of hospital operators fell on Wednesday, after the government announced that it would speed up the implementation of standardised prices for private healthcare early next year.</p>


Private healthcare groups under selling pressure after PM's remark on expedited plan for standardised prices

<p>Axiata Group Bhd (Kl:AXIATA) has signed a definitive agreement with Sinar Mas to proceed with the proposed merger of PT XL Axiata Tbk (XL Axiata) and two other companies&nbsp;in Indonesia.&nbsp;</p>


Axiata seals definitive deal with Sinar Mas to merge Indonesian ops

<p>Shares of SkyWorld Development Bhd (KL:SKYWLD) gained after resuming trade on Wednesday morning, following the signing of an agreement on Tuesday to jointly develop the country's largest affordable housing project with the Penang state agencies.</p>


SkyWorld shares soar on Penang affordable housing project win

<p>Trading of&nbsp;Axiata Group Bhd's (KL:AXIATA) shares&nbsp;will be suspended from 9am to 5pm on Wednesday, pending the release of a material announcement.</p>

<p>The suspension came amid reports Axiata and Indonesian conglomerate PT Sinar Mas Group are nearing an agreement to merge their telecommunications operations in Southeast Asia’s largest economy.</p>


Axiata shares suspended amid reports of merger in Indonesian operations

<p>The High Court here has granted Malaysian prosecutors a 'freeze order' barring PetroSaudi International Ltd (PSI) chief executive officer Tarek Obaid and others from accessing US$340 million allegedly linked to 1Malaysia Development Bhd (1MDB).</p>


Court grants prohibition order barring Tarek Obaid, others from accessing US$340m allegedly linked to 1MDB

<p>The Communications and Multimedia (Amendment) Bill 2024, a topic of significant debate, was passed by the lower house of Parliament on Monday.</p>

<p>The Bill was passed with a slim majority of 19 votes after the opposition requested a bloc vote, resulting in 59 Members of Parliament in favour, 40 against, and one abstention. The remaining MPs did not turn up to vote.</p>


Contentious CMA amendment bill passed with narrow margin in Parliament vote: who voted for and against

<p>KUALA LUMPUR (Dec 11): Healthcare services group PMCK Bhd&nbsp;is planning to float its shares on the ACE Market of Bursa Malaysia to raise funds for the repayment of bank borrowings to be drawn to finance the building of a private medical centre in Bandar Kulim, Kedah, and the acquisition of new equipment.</p>


Healthcare services group PMCK plans ACE Market listing

<p>Singapore Technologies Telemedia Pte Ltd (ST Telemedia) said financial instruments will form part of its sale of "a majority stake" in U Mobile Sdn Bhd to a company owned by tycoon Tan Sri Vincent Tan Chee Yioun and Johor princess Tunku Tun Aminah Sultan Ibrahim.</p>


Financial instruments included in sale of 'majority stake' in U Mobile, says Temasek's ST Telemedia

<p>KUALA LUMPUR (Dec 11): Crude palm oil (CPO) production is projected to decline further in the coming months due to the ongoing monsoon season and the typical seasonal drop in output, according to analysts.</p>


Monsoon season drives continued decline in CPO production — analysts

<p>Specialty chemicals company SumiSaujana Group Bhd said it has received approval for its initial public offering (IPO) on the ACE Market from Bursa Malaysia.</p>

<p>The approval follows a draft prospectus filed in August with Bursa. The company did not specify a timeline for the listing, though a company would have six months to complete the IPO from the approval date.</p>


Specialty chemicals firm SumiSaujana gets Bursa's nod for ACE Market listing

<p>The threat of soaring government debt supply destabilising financial markets has intensified, the world's top central banking advisory body said on Tuesday, as it urged policymakers to act swiftly to prevent economic damage.</p>


Government debt glut could rock markets in 2025, BIS says

<p>PUTRAJAYA (Dec 10): The Court of Appeal on Wednesday has partially allowed the appeal by former Ampang member of Parliament (MP) Datuk Zuraida Kamaruddin, who had been bonded to pay Parti Keadilan Rakyat (PKR) RM10 million in damages for leaving the party after the 14th general election, and reducing the sum to RM100,000.</p>


COA partially allows Zuraida’s appeal, reducing payment of PKR bond from RM10m to only RM100k

<p>Sarawak Premier Tan Sri Abang Johari Tun Openg declined to comment further on the resolution formula relating to the gas distribution issue involving Petroleum Sarawak Bhd (Petros) and Petroliam Nasional Bhd&nbsp;(Petronas), which he disclosed on Tuesday.</p>


Abang Johari leaves it to PM to announce Sarawak gas distribution resolution formula

<p>In one of their most dovish statements in more than a decade, Chinese leaders signalled on Monday they are ready to deploy whatever stimulus is needed to counter the impact of expected US&nbsp;trade tariffs on next year's economic growth.</p>


China ready to go deeper into debt to counter Trump's tariffs

<p>European shares lost ground on Wednesday, mirroring a drop in Asian stock markets, as investors cautiously awaited US inflation data that is expected to put the Federal Reserve on course to cut rates again, with the dollar holding near a two-week high.</p>


Stocks slip as investors cautiously await US inflation data

<p>KUALA LUMPUR (Dec 11): Malaysia has approved investments totalling RM254.7 billion in the first nine months of 2024, an increase of nearly 11% when compared to the same period last year, a government agency said.</p>


Malaysia approves RM254.7b in total investments from January-September, Mida still chasing projects worth RM62b

<p>Malaysia’s wholesale and retail trade accelerated and rose 5.5% in October from a year earlier amid strong consumer spending during the festive season, official data on Wednesday showed.</p>


Malaysia's wholesale and retail trade growth accelerates in October amid festive spending, official data show

<p>LONDON/HONG KONG (Dec 11):&nbsp;Things are going from bad to worse for London’s IPO market, where less money has been raised this year than on some tiny frontier venues.</p>
