<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 16): Seacera Group Bhd will no longer be a Practice Note 17 (PN17) company from Thursday (Aug 17).</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, Seacera said the uplifting of the PN17 status came after the bourse regulator, in a letter on Wednesday, granted the group a waiver from having to submit a regularisation plan.</p></div>

<div class=newsTextDataWrapInner><p>The group had applied for the upliftment in April.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Seacera, which is principally engaged in the manufacturing and trading of ceramic tiles, fell into PN17 status in April 2019 after it defaulted on a payment of principal and profits to AmBank Islamic Bhd. The group’s total facilities outstanding with AmBank were RM22.15 million at the time.</p></div>

<div class=newsTextDataWrapInner><p>For the nine months ended June 30, 2023, Seacera's net profit rose 19.52% to RM5.31 million, from RM4.44 million a year before, despite revenue declining by 27.81% to RM39.68 million from RM55.22 million.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Seacera closed unchanged at 20.5 sen, giving the group a market capitalisation of RM128 million.</p></div>


Seacera Group Bhd will no longer be a Practice Note 17 (PN17) company from Thursday (Aug 17).

Seacera Group's PN17 status to be uplifted on Thursday  

Japanese equities were primed to rise after fresh weakness in the yen, following a lackluster day on Wall Street that saw muted moves in stocks and government bonds.

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Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook.

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The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

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Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.

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Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

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YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.

EPF ceases to be substantial shareholder in YTL Power

Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.

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<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.</p>


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<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.</p>


<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


<p>Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.</p>


Kawan Renergy MD Lim Thou Lai trims stake to 67%

<p>Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.</p>


Finland boards oil tanker after internet and power cable outages

<p>Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, said on Thursday that its wholly owned unit has received an adjudication claim from its subcontractor, seeking to recover an outstanding amount of RM2.59 million.</p>


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<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


Court awards RM1.8 mil to ex-security guard over medical negligence

<p>Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) aims to focus on eradicating corruption in procurement, enforcement and grand corruption to help the country's economy, reduce leakages and return misappropriated national assets and money next year.</p>


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<p>Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.</p>


<p>Türkiye’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.</p>

<p>The bank’s Monetary Policy Committee, led by governor Fatih Karahan, on Thursday cut its one-week repo rate to 47.5% from 50%, after keeping it on hold for eight months in a row.</p>


Türkiye lowers main rate to 47.5% in first cut since 2023

<p>Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.</p>


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<p>US crude exports to China plunged by almost half this year as shifts in the nation’s economy weighed on demand and it bought more barrels from other countries including Russia and Iran.</p>

<p>Exports of US oil to China plunged to 81.9 million barrels over the course of the year, down 46% from 150.6 million barrels last year, according to data from Kpler.</p>


US oil exports to China dwindle as demand wanes, buying shifts

<p>The turmoil that’s threatening to topple Prime Minister Justin Trudeau has members of his political party poring over the rulebook for replacing him.</p>

<p>Trudeau is under mounting pressure from elected lawmakers in his ruling Liberal Party to leave after nine years in power.</p>


Trudeau’s crisis puts spotlight on succession rules for Canada’s Liberals

<p>The United Arab Emirates (UAE) will require companies to monitor and report their emissions in an effort to reach a target to become carbon neutral by 2050.</p>

<p>All companies with emissions equivalent to 500,000 tonnes or more of carbon dioxide per year are required to participate, according to legislation that comes into force on Dec 28.&nbsp;</p>


UAE companies to start tracking and reporting carbon emissions

<p>US retail sales rose 3.8% between Nov 1 and Dec 24, as intense promotion to drum up sales in what was expected to be a highly competitive holiday season for retailers prompted last-minute shopping among consumers.</p>


US holiday retail sales stronger than last year with online boost, Mastercard says

<p>(Dec 26): Iraq, OPEC’s second-largest oil producer, is planning to cut the amount of gas it burns off unproductively to about 20% next year in an attempt to meet rising demand and reduce imports.</p>

<p>The country captured about 67% of the gas that is produced from oil fields at the end of 20...