<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 15): Plastic pipes and fittings maker Resintech Bhd has inked a Memorandum of Understanding (MOU) with SEDC Energy Sdn Bhd to establish a joint venture company to expand its business in Sarawak and get itself into the renewable energy sector.</p></div>

<div class=newsTextDataWrapInner><p>The MOU was inked via its wholly-owned Resintech Plastics (Sarawak) Sdn Bhd. SEDC Energy is a private limited company located in Kuching, Sarawak and is a unit of Sarawak's economic development arm, the Sarawak Economic Development Corp. It is responsible for kickstarting the “new renewable energy” ecosystem in Sarawak.</p></div>

<div class=newsTextDataWrapInner><p>The partnership will enable the parties to leverage each other's strengths and resources to operate in the plastic industry, Resintech's bourse filing read.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Under the MOU that will be in effect for one year, their eventual joint venture collaboration is subject to the parties “obtaining the necessary internal board approvals, legal and regulatory compliance, and any other obligations required by their respective companies”.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Resintech closed one sen or 1.85% higher at 55 sen on Thursday, giving it a market value of RM106.62 million.</p></div>


Plastic pipes and fittings maker Resintech Bhd has inked a Memorandum of Understanding (MOU) with SEDC Energy Sdn Bhd to establish a joint venture company to expand its business in Sarawak and get itself into the renewable energy sector.

Resintech unit inks MOU with Sarawak's SEDC Energy to venture into renewable energy

THERE is growing interest among companies, including from China, in seeking a secondary listing in Malaysia, says CGS International Securities Pte Ltd, a regional investment bank with Chinese parentage. CGS International is the international arm of China Galaxy Securities Co Ltd (CGS).

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CGS International sees rising interest in secondary listing on Bursa Malaysia

PASIR MAS (Dec 2): The shortage of rice supply after the paddy farming industry was affected by floods, will addressed by reducing the price of imported white rice, effective Sunday.

Rice shortage due to floods to be addressed with imported-rice price reduction — minister

The Malaysian Immigration Department has extended the autogate facility for its clearance into the country to visitors from 53 more countries, said Deputy Home Minister Datuk Seri Dr Shamsul Anuar Nasarah.

Visitors from 53 more countries allowed to use autogates at Malaysia's entry points

The number of flood evacuees in Kelantan and Terengganu has slightly decreased, bringing the total number of evacuees in nine flood-hit states to 138,052 as at 8am on Monday, compared with 140,896 on Sunday night.

Floods: 138,052 evacuees at relief centres in nine states on Monday morning

RHB Banking Group has launched its flood relief assistance programme, offering immediate financial relief and long-term recovery support to individuals, micro, small and medium enterprises (MSMEs), available from now until Jan 31, 2025.

RHB launches flood relief assistance for affected customers

KUALA LUMPUR (Dec 2): Yinson Holdings Bhd’s (KL:YINSON) 49%-owned joint venture with PetroVietnam Technical Service Corp (PTSC) has executed a provision, charter, operation and maintenance contract with a unit of Murphy Oil Corp, for a floating, storage and offloading (FSO) vessel in Vietnam.

Yinson JV to build new FSO vessel for charter by Murphy Oil unit in Vietnam

The Oxford University has chosen the word of the year by public vote, and it is "brain rot", reported Sputnik, quoting the Oxford University Press in a statement.

'Brain rot' is Oxford's word of the year

Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO), citing a challenging outlook for the company's rigs in the coming year.

Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

Late last week, cash-strapped Practice Note 17 (PN17) counter Sapura Energy Bhd (KL:SAPNRG) announced that both its chairman Datuk Mohammad Azlan Abdullah and group CEO and executive director Datuk Mohd Anuar Taib were resigning due to “other personal commitments” and “personal endeavours” respec...

Frankly Speaking: Uncertain times again for Sapura Energy

KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.

Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

<p>Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;</p>


Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

<p>KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.</p>


Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

<p>KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.</p>


SimeProp inks data-centre lease agreement worth up to RM5.6b

<p>Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.</p>


Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

<p>CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;</p>


CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

<p>KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.</p>


Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

<p>LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.</p>


LBS surges in early trade after disposal gain boosts earnings and special dividends

<p>Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.</p>


1MDB-Tanore: Najib takes stand in his defence

<p>Asian stocks rose for a second day, following gains on Wall Street last Friday. The dollar strengthened after US President-elect Donald Trump told BRICS nations not to&nbsp;create a currency&nbsp;to rival the greenback.</p>


Asian stocks follow US gains; Treasuries drop

<p>The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally</p>


Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

<p>JPMorgan Chase &amp; Co&nbsp;is turning its back on a trend that’s been embraced by many of its Wall Street peers.</p>


JPMorgan rejects transition-finance trend gripping Wall Street

<p>KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.</p>


<p>The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.</p>


Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

<p>Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market (EM) bonds witnessed under Joe Biden.</p>


Stocks versus bonds dilemma hits EM investors as Trump returns

<p>Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.</p>

<p>However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.</p>


Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

<p>KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.</p>


Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

<p>Bangladesh wants to sharply lower prices under a power purchase deal with India's embattled&nbsp;Adani&nbsp;Group unless it is cancelled by a court, which has called for an investigation into the 25-year deal, its de facto energy minister told <em>Reuters </em>on Sunday.</p>


Bangladesh wants to renegotiate Adani power deal unless court cancels

<p>MILAN/DETROIT (Dec 2): Stellantis Chief Executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.</p>

<p>The company said it would seek to find a replacement CEO in the fi...

Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

<p>Macau’s gaming revenue rose 14.9% in November, exceeding analysts’ expectations in a month that’s typically slow due to a lack of holidays.&nbsp;</p>


Macau's gaming revenue up 14.9% in November, above estimates

<p>Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.</p>
