<div class=newsTextDataWrapInner><p>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;</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>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.</p></div>

<div class=newsTextDataWrapInner><p>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.</p></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 

(Sept 18): Iranian hackers sent emails containing stolen material from Republican former president Donald Trump’s campaign to people involved in Democratic President Joe Biden’s then re-election campaign, part of an alleged broader effort by Tehran to influence the US election, US&...

US says Iran emailed stolen Trump campaign material to Biden camp

Australian employment blew past forecasts for a third straight month in August, yet the jobless rate held steady as the workforce also expanded at a rapid rate, reinforcing the view that the labour market remains tight.

Australia August employment jumps past expectations, jobless rate steady

HANOI (Sept 19): A tropical storm is forecast to make landfall in central Vietnam late on Thursday, bringing torrential rains that could trigger dangerous floods, the government’s weather agency said, shortly after northern regions were hit by the powerful Typhoon Yagi.

Tropical storm to make landfall in central Vietnam late Thursday

HONG KONG (Sept 19): China’s commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union’s (EU) electric vehicle (EV) probe, with the investigation undermining confidence of Chinese companies investing in Europe.

China says will negotiate 'until the last minute' on EU’s EV probe

Elon Musk’s X skirted a ban of the social media network in Brazil though an automatic update of its software, an association of Brazilian internet providers said Wednesday.

Elon Musk’s X bypasses Brazil ban through software update

Data centre operator Princeton Digital Group (PDG) bought land in India, Malaysia and Indonesia and secured power supply for the sites to boost its capacity by nearly 50%, seeking to capitalise on rising demand for artificial intelligence (AI) services.

Singapore data centre firm buys land across Asia, including Malaysia, to serve AI demand

Vietnam will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov 2, its finance ministry said, the country's latest effort to boost the chances to be reclassified as an emerging market.

Vietnam removes pre-funding rule for foreigner investors in bid for market upgrade

The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve (Fed) began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.

Stocks and dollar gain as Fed charts 'soft landing' path

Bina Darulaman Bhd (KL:BDB) said the resignation of its external auditor KPMG four months after its reappointment “is part of a routine governance practice” following the extension of its tenure.

KPMG's resignation part of routine governance practice, says Bina Darulaman

Japan has a female candidate among the frontrunners to become prime minister in a vote this month, raising the possibility that a nation known for lagging on diversity may appoint its first woman leader before the US.

Japan may beat the US to install its first female leader

<p>Here is a brief recap of some corporate announcements that made the news on Wednesday.</p>


WCT, Capital A, Press Metal, Eco World International, Scientex Packaging, Barakah Offshore, Kimlun, Pekat, YBS 

<p>The dollar dropped after the Federal Reserve on Wednesday cut interest rates by half a percentage point, citing greater confidence that inflation will continue to recede to the US central bank's 2% annual target.</p>


Dollar drops as US Fed cuts rates by half a percentage point

<p>The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.</p>


US Fed cuts rates by half a percentage point, cites 'greater confidence' on inflation

<p>US equities will climb through the rest of the year with the Federal Reserve’s (Fed) aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of <em>Bloomberg Terminal</em> subscribers.</p>


US stocks will continue to rally after sharp Fed rate cut, investors say

<p>The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve (Fed) began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.</p>


<p>Chin Hin Group Bhd (KL:CHINHIN) managing director Chiau Haw Choon is no longer a substantial shareholder in NCT Alliance Bhd (KL:NCT) after disposing of a 0.62% stake for RM5.8 million.</p>


Chin Hin MD ceases to be substantial shareholder in NCT Alliance after selling 0.62% stake for RM5.8m

<p>Shares of Solar District Cooling Group Bhd (KL:SDCG) surged 32% in ACE Market trading debut on Thursday as investors scrambled for a piece of the building management systems company.</p>


Solar District Cooling surges 32% in ACE Market trading debut

<p>Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes.</p>


Boeing furloughs thousands as it hunkers down for extended strike

<p>Data centre operator Princeton Digital Group (PDG) bought land in India, Malaysia and Indonesia and secured power supply for the sites to boost its capacity by nearly 50%, seeking to capitalise on rising demand for artificial intelligence (AI) services.</p>


<p>Precision machining group YBS International Bhd (KL:YBS)&nbsp; is acquiring the entire stake of Allied Technologies Holdings Pte Ltd’s precision manufacturing services units for a total indicative price of US$38 million (RM167.2 million) via cash and share issuance.</p>


YBS inks MOU to acquire stake in precision manufacturing companies for RM167m 

<p>Bina Darulaman Bhd (KL:BDB) said the resignation of its external auditor KPMG four months after its reappointment “is part of a routine governance practice” following the extension of its tenure.</p>


<p>Three suspects in a sodomy case arrested during the recent Op Global will be charged at the Seremban Sessions Court on Thursday.</p>

<p>Inspector-General of Police Tan Sri Razarudin Husain said the suspects would be charged under Sections 14(a) and 14(b) of the Sexual Offences Against Children Act 2017 (Act 792).</p>


Op Global: Three supsects in sodomy case to be charged on Thursday — IGP

<p>Federal Reserve governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the US central bank since 2005, denying Fed Chair Jerome Powell a clear consensus at a pivotal moment.&nbsp;</p>


Fed Bowman's dissent is first from US Fed governor since 2005

<p>The second trial of Vietnamese real estate tycoon Truong My Lan on fresh fraud charges is scheduled to begin on Thursday, underscoring the new Communist Party chief’s determination to press ahead with a crackdown on corruption.</p>


Vietnamese tycoon faces second fraud trial after death sentence

<p>Taiwan denounced China on Thursday for suspending tariff exemptions on agricultural imports from the island, saying it was "economic coercion" and not conducive to improving relations.</p>


Taiwan denounces China for ending tariff exemptions on farm goods

<p>Australia’s latest attempts to solve its housing crisis are stuck in political gridlock as the amount of available rental space in the nation hovers near a record low.</p>


Australia struggles to solve housing crisis as politicians scrap

<p>The idea to launch a Home Solar Subscription programme came after Raj Ridvan Singh, founder and CEO of Sols Energy, paid a visit to the US as a Ford Fellow many years ago.</p>

<p>“I got to study at Columbia University in New York and Yale University for about six weeks [in] this fellowship, an...

Energy: Home solar subscription, a game changer for accessibility?

<p>The Hong Kong Monetary Authority (HKMA) cut its base interest rate for the first time since 2020 after the Federal Reserve (Fed) eased policy, in a move that should help loosen borrowing conditions in the financial hub.</p>


Hong Kong cuts rates for first time in four years as Fed eases

<p>New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.</p>


New Zealand still in recession as economy contracts again in 2Q

<p>Japan has a female candidate among the frontrunners to become prime minister in a vote this month, raising the possibility that a nation known for lagging on diversity may appoint its first woman leader before the US.</p>
