<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 9): MK Land Holdings Bhd said its wholly-owned subsidiary Solar Citra Sdn Bhd (SCSB) has been selected to be a solar power producer under the Corporate Green Power Programme (CGPP), with an allocated export capacity of nearly 30 megawatts (MW).</div>

<div class=newsTextDataWrapInner>In a bourse filing, the property developer said a consortium comprising SCSB and Total Energies Renewables SAS has met the criteria in the information guide for CGPP for the development of a 29.99 MW photovoltaic plant in Kulim, Kedah for commercial operation in 2025.</div>

<div class=newsTextDataWrapInner>MK Land’s shares price closed down one sen or 0.74% at RM1.34 on Wednesday (Aug 9), giving the goup a market capitalisation of RM786 million.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

MK Land Holdings Bhd said its wholly-owned subsidiary Solar Citra Sdn Bhd (SCSB) has been selected to be a solar power producer under the Corporate Green Power Programme (CGPP), with an allocated export capacity of nearly 30 megawatts (MW).

MK Land unit selected as solar power producer

FRANKFURT (Nov 21): Germany's economy is facing deep and profound challenges that could push up corporate insolvencies, keeping default risk elevated next year, the Bundesbank said in a Financial Stability Report on Thursday.

Germany's economy has been skirting a recession for most of t...

Germany faces high corporate default risk in 2025, Bundesbank says

The parent firm of Britain's Royal Mail warned of a worsening cost environment following last month's budget and said it could not rule out price hikes and higher automation as it looks to cut costs after returning to a first-half profit.

Royal Mail owner IDS warns of cost pressures after return to profit

KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.

DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.

Good opportunity to accumulate Dayang shares — CGS

Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the Handelsblatt newspaper reported on Thursday, citing a spokesperson for the German carmaker.

Mercedes plans to cut costs by several billion euros per year — report

Police using all available info to continue tracking down Jho Low — IGP

SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, is expected to post flattish net profit growth for the fourth quarter of 2024 (4Q2024), attributed to slower recovery in fresh fruit bunch (FFB) production at its Indonesian estates, said analysts.

Analysts see SD Guthrie recording flattish 4Q profit growth

German auto parts supplier Robert Bosch will reduce the hours, and consequently the pay, of 450 employees in Germany from next spring, citing the difficult economic situation, a company spokesperson said on Thursday.

Bosch to reduce hours for 450 employees due to tough economy

Malaysia is not new to the rare earth industry. Historically, the country has been a significant player, exporting rare earths produced from monazite. However, the industry faced setbacks due to environmental concerns, most notably the closure of Asian Rare Earth due to the high concentration of ...

My Say: Rare earth industry: Challenges, opportunities and the path forward

Brunei LNG said on Friday it is in the process of a safe startup of its liquefied natural gas facility, which is expected to continue until further notice, following an "operational upset" earlier this week.

Brunei LNG initiates startup process after 'operational upset' 

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

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

Petron, DRB-Hicom, Dayang Enterprise, AEON, 7-Eleven, MSM, Hap Seng Consolidated, SunCon, UEM Sunrise, Mega First, Oriental, Heitech Padu, Can-One, Atlan, Maxim, Thong Guan, Globetronics

AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.

AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;

Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

IRB committed to improving tax compliance via  audits, probes

China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.

China’s richest man berates PDD, ByteDance for months of misery

US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.

Trump picks Pam Bondi for US attorney general after Gaetz withdraws

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;

Nvidia says new chip remains on track, helping soothe investors

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

The International Criminal Court issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in the Gaza Strip, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.

ICC issues arrest warrant for Israel’s Netanyahu on Gaza ‘war crimes’

Australia’s flagship carrier Qantas Airways Ltd is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.

Qantas tops Asian airline stocks on cheap fuel, rival’s demise

Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.

Gold surges and euro sags as broader war risks rise 

Thailand is taking steps to attract more foreign investment to accelerate economic growth while preparing to adjust its policies to cope with potential changes to world trade under a Trump presidency, Prime Minister Paetongtarn Shinawatra said.

Thailand seeks foreign investment as PM plans for Trump era

Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.

Trump trade boosts stocks, bitcoin run at US$100,000

TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told Reuters on Friday.

Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan 20.

Gary Gensler plans to step down from SEC in January

KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).

Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

NEW YORK (Nov 22): US&nbsp;stocks are extending their lead over&nbsp;global&nbsp;peers and some investors believe that dominance could grow if President-elect&nbsp;Donald Trump&nbsp;can implement his economic platform without becoming mired in a full-blown trade war, or ballooning the federal deficit.

Trump's return could extend US stocks' dominance over global rivals

The use of money-market fund tokens from the likes of BlackRock Inc&nbsp;and Franklin Templeton as collateral in traditional derivatives trades inched closer to reality on Thursday.