<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 20): Uzma Bhd said its indirect wholly-owned subsidiary Uzma Kuala Muda Sdn Bhd has secured syndicated Islamic financing facilities of up to RM225 million to facilitate the construction and maintenance of a 50MWac large-scale solar photovoltaic plant in Sungai Petani, Kedah.</p></div>

<div class=newsTextDataWrapInner><p>The facilities are provided by Affin Islamic Bank Bhd and Export-Import Bank of Malaysia Bhd, Uzma said in a bourse filing on Tuesday (June 20).</p></div>

<div class=newsTextDataWrapInner><p>The oil and gas service and equipment provider said the facilities are expected to contribute positively towards its earnings for the financial year ending June 30, 2023 (FY2023) and onwards until the completion of the project.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Assuming a full drawdown of the facilities, the group's gearing ratio will increase from 0.91 times to 1.27 times based on the shareholders' fund in the audited consolidated results for FY2022, said Uzma.</p></div>

<div class=newsTextDataWrapInner><p>Uzma's share price closed 1.5 sen or 2.36% lower at 62 sen on Tuesday, giving the group a market value of RM216.55 million.</p></div>


Uzma Bhd said its indirect wholly-owned subsidiary Uzma Kuala Muda Sdn Bhd has secured syndicated Islamic financing facilities of up to RM225 million to facilitate the construction and maintenance of a 50MWac large-scale solar photovoltaic plant in Sungai Petani, Kedah.

Uzma secures RM225m Islamic financing facilities for solar photovoltaic plant in Kedah

UK Prime Minister Keir Starmer’s pursuit of closer ties with China has raised private questions from Donald Trump’s incoming administration, European diplomats and even some senior British officials.

UK's Starmer is deepening China ties while allies turn away

The US Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.

US Senate passes govt funding bill, averts shutdown

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.

Honda and Nissan mulling mutual production of vehicles, Kyodo reports

The Cabinet draft paper on the separation of powers between the attorney general (AG) and the public prosecutor (PP) is expected to be ready by the middle of next year, said Prime Minister Datuk Seri Anwar Ibrahim.

Draft paper on separation of AG powers expected to be ready by mid-2025 — PM

The government will continue its Special Appreciation for Pensioners (PKKP) initiative, aimed at supporting affected pensioners and derivative pension recipients, to ensure the welfare of this group is well taken care of.

Govt to continue special appreciation for pensioners — PM

The Johor government has completed seven housing projects, categorised as ‘sick’ and abandoned, this year, representing an estimated property value of about RM700 million.

Seven 'sick' housing projects worth RM700m completed in Johor, says exco

Hong Leong Investment Bank (HLIB) expects inflation to rise in 2025, driven by domestic policy reforms such as RON95 fuel subsidy rationalisation and an expanded sales and service tax (SST) scope.

HLIB sees higher inflation in 2025 on RON95 subsidy rationalisation, expanded SST scope

Prime Minister Datuk Seri Anwar Ibrahim has reiterated his commitment to upholding judicial independence and advancing governance reforms, stressing that he has not interfered in judicial matters during his two years in office.

Anwar says never interfered in judiciary, no compromise on any power abuse in Cabinet

The Malaysian government is constantly striving to repatriate its citizens who have fallen victim to job scams in Myanmar, said Foreign Minister Datuk Seri Mohamad Hasan.

No let-up in efforts to repatriate job scam victims from Myanmar, says Tok Mat

Prime Minister Datuk Seri Anwar Ibrahim on Saturday called for an immediate end to any narratives involving racial profiling in the context of aid distribution and efforts to combat hardcore poverty in the country.

Anwar calls for end to racial profiling narratives in tackling hardcore poverty

<p>Bank Negara Malaysia (BNM) announced on Friday evening several temporary measures to address the uproar over the sizeable medical insurance premium hikes that insurance and takaful operators deem necessary to cover the higher costs of medical services.</p>


Who pays the price of runaway healthcare inflation?

<p>Highway users nationwide will enjoy toll-free travel&nbsp;on Dec 23 and 24, in conjunction with&nbsp;Christmas celebration.</p>


Christmas: Toll-free travel for Class 1 vehicles on all highways on Dec 23 and 24

<p>In a<em>&nbsp;Vanity Fair&nbsp;</em>video&nbsp;last month, Lisa, a member of mega&nbsp;K-pop&nbsp;band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group Ltd.&nbsp;</p>


China's hottest stock Pop Mart rockets 370% on craze for collectibles

<p>Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from US&nbsp;President-elect Donald Trump.</p>


US stocks end sharply higher, dollar drops after inflation report

<p>Prime Minister Datuk Seri Anwar Ibrahim has assured that an amicable solution will be taken to address the ongoing dispute between&nbsp;Petroliam Nasional Bhd (Petronas) and Sarawak's state-owned oil and gas (O&amp;G) company Petroleum Sarawak Bhd (Petros) over the distribution of natural gas in Sarawak.</p>


PM: Amicable solution in the works for Petronas-Petros dispute over natural gas distribution

<p>The Malaysia Competition Commission (MyCC) has warned that it will take a firm stance against associations that openly announce price hikes, minimum pricing or new trading conditions, particularly through the media.</p>


MyCC warns stern action against cartel activities by associations

<p>The US&nbsp;Congress passed spending legislation early on Saturday in a down-to-the wire burst of activity that will avert a destabilising government shutdown ahead of the busy holiday travel season.</p>


<p>Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead.&nbsp;</p>


Singapore stocks’ best year since 2017 masks downbeat outlook

<p>Alphabet Inc’s Google called a US Justice Department (DOJ) plan to force it to sell its web browser “extreme” and at odds with the law, urging a Federal Court judge to take caution lest he stifle innovation and future investment.</p>


Google blasts Chrome sale as ‘extreme’ remedy at odds with law

<p>Volkswagen AG (VW) reached an agreement with labour leaders to cut capacity at its namesake brand while avoiding factory closures, capping three months of tense negotiations and preventing further union walkouts.</p>


VW, union agree to cut capacity and keep German plants open

<p>At first glance,&nbsp;Sony Group Corp’s US$1.2 billion (RM5.4&nbsp;billion) acquisition of the anime streaming site Crunchyroll in 2021 looks like a success. Subscribers to the US$8-a-month service have tripled to 15 million since then, and the number of new shows has doubled to more than 50 every quarter.</p>


Sony's Crunchyroll finds its early lead in anime under attack

<p>Thunderstorms, heavy rain and strong winds are expected in&nbsp;Perak, Kelantan, Terengganu, Pahang, Selangor and&nbsp;Johor until 4pm on Saturday.</p>


Thunderstorms in six states until 4pm on Saturday — MetMalaysia

<p>Qualcomm Inc prevailed at trial against Arm Holdings plc’s claim that it breached a licence for chip technology that the world’s largest maker of mobile-phone processors acquired when it bought a startup in 2021.&nbsp;</p>


Qualcomm defeats Arm’s claim over chip design licence breach

<p>The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.</p>


Direct route from Chennai elevates Penang as key regional air travel hub, says exco

<p>The election of Donald Trump will usher in a wave of private-company purchases that had previously been slowed by red tape, investor Cathie Wood said in an interview, in which she also reiterated her ultra-bullish view on bitcoin.</p>


Cathie Wood predicts wave of startup M&A after Trump election, ultra-bullish on bitcoin

<p>The government will continue its Special Appreciation for Pensioners (PKKP) initiative, aimed at supporting affected pensioners and derivative pension recipients, to ensure the welfare of this group is well taken care of.</p>


<p>Honda and&nbsp;Nissan are considering producing vehicles in one another's factories as part of their plan to&nbsp;deepen ties&nbsp;and potentially merge, Japan's <em>Kyodo </em>news agency said on Saturday.</p>


<p>Nippon&nbsp;Steel alleges the White House had "impermissible undue influence" over a national security review of its US$14.9 billion (RM67.2&nbsp;billion) bid for US&nbsp;Steel and threatened legal action if the deal is blocked.</p>


Nippon Steel alleges undue White House influence on doomed US Steel deal review, letter says

<p>With Donald Trump set to return to the White House in January, Prime Minister Datuk Seri Anwar Ibrahim has expressed confidence in Malaysia’s ability to safeguard its foreign policy and economic priorities amid&nbsp;evolving global dynamics.</p>


Malaysia to adapt to Trump era, says Anwar

<p>Hong Leong Investment Bank (HLIB) expects inflation to rise in 2025, driven by domestic policy reforms such as RON95 fuel subsidy rationalisation and an expanded sales and service&nbsp;tax (SST) scope. &nbsp;</p>
