<div class=newsTextDataWrapInner>KUALA LUMPUR (July 11): Bright Packaging Bhd announced its joint venture deal with Datai Plantations Sdn Bhd (DPSB) to diversify into oil palm plantations has become unconditional, thereby fulfilling its obligation to invest in DPSB.&nbsp;</div>

<div class=newsTextDataWrapInner>In a filing Tuesday (July 11), upon fulfilling the conditions precedent set in the joint venture agreement, it discharged its obligation to invest in DPSB under clause 4.1 of the agreement.</div>

<div class=newsTextDataWrapInner>The joint venture will facilitate Bright Packaging’s expansion into oil palm plantations, together with facilities and the provision of services ancillary to such plantation on parcels of land located in Sarikei, Sarawak.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Based on an earlier filing dated May 5, 2023, as per the joint venture agreement, Bright Packaging was to invest a sum of RM5.3 million in DPSB.</div>

<div class=newsTextDataWrapInner>The investment sum would be utilised by DPSB to construct necessary infrastructure for the project such as access and field roads, bridges and workers' hostel, together with the improvement of water management which would see the construction of bunds and water gates.</div>

Bright Packaging Bhd announced its joint venture deal with Datai Plantations Sdn Bhd (DPSB) to diversify into oil palm plantations has become unconditional, thereby fulfilling its obligation to invest in DPSB.

Bright Packaging’s JV deal with Datai Plantations becomes unconditional 

The government successfully saved almost RM1 million in flight costs for the recent official visit by Prime Minister Datuk Seri Anwar Ibrahim and his delegation, said Communications Minister Fahmi Fadzil.

Fahmi: Govt saved nearly RM1 mil in Anwar's official flight costs

Japanese Prime Minister Shigeru Ishiba’s Cabinet approved a stimulus package that’s slightly bigger than last year’s, as he followed up on a pledge to ramp up support for households and businesses struggling to cope with higher costs.

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Amazon.com Inc is investing an additional US$4 billion (RM17.87 billion) in artificial intelligence (AI) startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Amazon invests additional US$4b in AI firm Anthropic

The corporate earnings reporting season for the July-September quarter comes to a close this week. Among the companies slated to announce their financial results are banking groups Malayan Banking Bhd (KL:MAYBANK), Public Bank Bhd (KL:PBBANK), RHB Bank Bhd (KL:RHBBANK) and Hong Leong Bank Bhd (KL:HLBANK) as well as utility giant Tenaga Nasional Bhd (KL:TENAGA).

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President-elect Donald Trump on Friday said he will nominate prominent investor Scott Bessent as the US Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs.

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US bank Citigroup has received approval to establish its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.

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Global stocks registered a strong weekly gain on Friday, while US Treasury yields slipped as markets eyed President-elect Donald Trump's likely policies and their impact on the US economy, even as bitcoin traded near the US$100,000 (RM446,800) threshold.

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies

When Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was established in 2007, with an initial fund of RM41.9 billion, the federal government’s pension and gratuity obligations stood at a mere RM8.25 billion, just 6.7% of its total operating expenditure (opex).

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UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

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The banks most reluctant to tap the US central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve (Fed) that turns the notion of bank emergency borrowing stigma on its head.

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Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

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Here is a brief recap of some corporate announcements that made the news on Friday.

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

A record-high US$7 trillion (RM31.28 trillion) of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

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When Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was established in 2007, with an initial fund of RM41.9 billion, the federal government’s pension and gratuity obligations stood at a mere RM8.25 billion, just 6.7% of its total operating expenditure (opex).

The corporate earnings reporting season for the July-September quarter comes to a close this week. Among the companies slated to announce their financial results are banking groups Malayan Banking Bhd (KL:MAYBANK), Public Bank Bhd (KL:PBBANK), RHB Bank Bhd (KL:RHBBANK) and Hong Leong Bank Bhd (KL:HLBANK) as well as utility giant Tenaga Nasional Bhd (KL:TENAGA).

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

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President-elect Donald Trump on Friday said he will nominate prominent investor&nbsp;Scott Bessent&nbsp;as the US&nbsp;Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs.

The banks most reluctant to tap the US&nbsp;central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve (Fed) that turns the notion of bank emergency borrowing stigma on its head.

The S&amp;P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&amp;P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

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UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

Amazon.com Inc&nbsp;is investing an additional US$4 billion (RM17.87 billion) in artificial intelligence (AI) startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Global&nbsp;stocks registered&nbsp;a strong weekly gain on Friday, while US&nbsp;Treasury yields&nbsp;slipped as&nbsp;markets&nbsp;eyed President-elect&nbsp;Donald Trump's likely policies&nbsp;and their&nbsp;impact on the US&nbsp;economy, even as bitcoin traded near the US$100,000 (RM446,800) threshold.

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As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

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US&nbsp;bank Citigroup has received approval to establish&nbsp;its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.

Japanese Prime Minister Shigeru Ishiba’s Cabinet approved a stimulus package that’s slightly bigger than last year’s, as he followed up on a pledge to ramp up support for households and businesses struggling to cope with higher costs.