<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 9): Pos Malaysia Bhd announced that Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has ceased to be a substantial shareholder of the national postal service firm.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday (June 9), Pos Malaysia said this came after the civil service pension fund offloaded 100,000 shares on the open market to trim its stake to 4.99% or 39.09 million shares.</p></div>

<div class=newsTextDataWrapInner><p>KWAP began disposing of Pos Malaysia shares in May this year. Between May 12 and June 8, the pension fund sold a total 2.47 million shares — equivalent to a 0.32% stake.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Pos Malaysia’s remaining substantial shareholder is DRB-Hicom Bhd, which directly owns a 22.1% stake and another 31.39% via Hicom Holdings Bhd. Tycoon Tan Sri Syed Mokhtar Albukhary Syed Nor owns a 55.92% stake in DRB-Hicom via Etika Strategi Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Pos Malaysia ended two sen or 3.92% higher at 53 sen, giving the group a market capitalisation of RM410.96 million.&nbsp;</p></div>


Pos Malaysia Bhd announced that Kumpulan Wang Persaraan (Diperbadankan) (KWAP) has ceased to be a substantial shareholder of the national postal service firm.

KWAP ceases to be substantial shareholder of Pos Malaysia 

Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.

Axiata returns to the black in 3Q as one-off gains offset lower operating income

Billionaire tycoon Ananda Krishnan passes away — statement

(Nov 28): The company that runs the Miss America beauty pageant filed for bankruptcy following a legal dispute over its ownership.

Miss America operator files for bankruptcy

Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.

Daim’s wife gets unconditional return of her passport from Court of Appeal

Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept 30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.

Farm Fresh declares dividend of one sen as 2Q earnings double

AMID a pickup in the award of contracts on the local oil and gas (O&G) scene, some market observers worry that volatility in global crude oil prices could heighten next year.

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Bitcoin resumed a climb towards US$100,000 (RM444,375) on signs that crypto-friendly candidates will likely shape US financial rules under President-elect Donald Trump.

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Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM70 million, according to its prospectus unveiled on Thursday.

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OVER the past few weeks, contracts from Petroliam Nasional Bhd (Petronas) and its production sharing contract partners have been coming in, largely for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services, benefiting a number of local oil and gas (O&...

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Foreign investors are growing wary of Indonesian stocks, with equity outflows reaching the 15th straight session, as a stronger dollar dented the appeal of emerging-market assets.

Foreigners flee Indonesian stocks as strong dollar dents appeal

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.</p>


NationGate shares slide in early trade after 3Q results miss expectations

<p>Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.</p>


<p>China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.</p>

<p>A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.</p>


China keeps buying US soy in surprise move after Trump’s win

<p><em><strong>More to come</strong></em></p>
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<p>Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.</p>


Tech counters decline in early trade on Bursa Malaysia

<p>KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.</p>


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<p>KUALA LUMPUR (Nov 28): CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, said on Thursday that its net profit rose nearly 10% in the third quarter from a year earlier, thanks to both interest and non-interest income.</p>


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<p>A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s (Fed) cautious stance on rate cuts.</p>


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<p>Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.</p>


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<p>The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.</p>


US preps China chip curbs that stop short of early proposals — Bloomberg

<p>TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.</p>


TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

<p>KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.</p>


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<p>Asian shares were subdued on Thursday and the dollar was on the defensive after US data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve (Fed) could take next year.</p>


Asian stocks subdued, dollar drifts ahead of US Thanksgiving

<p>The risk of trade sanctions from the US due to Prime Minister Datuk Seri Anwar Ibrahim's vocal stance in defending the rights of the Palestinian people and state will be among the highlights of Thursday's Dewan Rakyat sitting.</p>


Trade sanction risks due to vocal support for Palestinian rights highlight of Thursday's Dewan Rakyat sitting

<p>IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.</p>


Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

<p>Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.</p>


Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

<p>Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.</p>


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<p>Donald Trump had dinner with Meta Platforms Inc chief executive officer Mark Zuckerberg at the president-elect’s Mar-a-Lago estate in Florida on Wednesday.</p>

<p>Zuckerberg met with Trump and members of his team, according to a Meta representative, who added that the session took place at a crucial time for US innovation.</p>


Trump has dinner with Mark Zuckerberg at Mar-a-Lago

<p>Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.</p>


<p>Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.</p>
