<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 22): SkyWorld Development Bhd’s SkySierra Residences received 86% in Quality Assessment System in Construction (QLASSIC) score and 92.63% Safety and Health Assessment in Construction (SHASSIC) score for its high-rise residential development in Setiawangsa, Kuala Lumpur. It is also the highest score the company has received to date.</div>

<div class=newsTextDataWrapInner>In a press statement dated Aug 22, the certification handover ceremony was held on Tuesday at SkySierra Residences, which is commonly known as The Valley Residences.&nbsp;</div>

<div class=newsTextDataWrapInner>“Through stringent processes and thorough inspections, we make sure to deliver homes that meet or surpass industry requirements and stand the test of time. This is a testament of our commitment to delivering high-quality homes to Malaysians. We will continue to innovate and push the boundaries of &nbsp;design to provide our customers with the best homes possible,” said SkyWorld CEO Lee Chee Seng.&nbsp;</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Sited on 4.66-acre land in Setiawangsa with a gross development value of RM761 million, SkySierra Residences is a three-tower block and has a total 1,309 units with built-up ranging between 800 sq ft to 1,318 sq ft. It has achieved a 100% take-up rate.</div>

SkyWorld Development Bhd’s SkySierra Residences received 86% in Quality Assessment System in Construction (QLASSIC) score and 92.63% Safety and Health Assessment in Construction (SHASSIC) score for its high-rise residential development in Setiawangsa, Kuala Lumpur. It is also the highest score the company has received to date.

In a press statement dated Aug 22, the certification handover ceremony was held on Tuesday at SkySierra Residences, which is commonly known as The Valley Residences.

SkyWorld achieves high QLASSIC and SHASSIC score for SkySierra Residences

The European Central Bank (ECB) is almost certain to cut interest rates by a quarter point in December, according to Governing Council member Yannis Stournaras.

ECB quarter-point December rate cut a done deal, says Stournaras 

Leaders of the world's biggest economies must send a clear signal on the need to tackle global warming, COP29 climate summit host Azerbaijan said on Monday.

The plea came as Group of 20 (G20) leaders met in Brazil with climate just one item on an agenda spanning war in Ukraine and the implications of Donald Trump's election victory.

Summit host Azerbaijan warns COP29 cannot succeed without G20 boost

Keir Starmer pushed for “respectful” UK relations with China, even as he raised frictions including over sanctioned parliamentarians and the trial in Hong Kong of former media mogul Jimmy Lai in the first meeting between a British premier and President Xi Jinping in almost seven years.

Starmer raises Jimmy Lai in meeting with Xi aimed at closer UK-China economic ties

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for fully self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

Trump team is seeking to ease US rules for self-driving cars, Bloomberg reports

Britons started new businesses last year at the slowest rate since 2010, a potential warning sign for longer-term economic growth and productivity, according to official data published on Monday.

UK creates new businesses at slowest rate since 2010

The CEO of an independent British oil producer which is buying North Sea assets owned by Shell and Exxon Mobil is being sued by his former employer for allegedly forging documents to steal substantial sums.

Viaro CEO accused in UK lawsuit of forging documents to steal millions

Two top European Central Bank (ECB) policymakers signalled on Monday they were more worried about the damage that expected new US trade tariffs would do to economic growth in the eurozone than any impact on inflation.

ECB policymakers fear Trump tariff effect on growth rather than inflation

Educating the public about corruption is crucial to cultivate a culture of transparency, accountability and integrity, Chief Secretary to the Malaysian government Tan Sri Shamsul Azri Abu Bakar said.

He pointed out that Malaysians needed to be exposed to the detriments of corruption as early as primary school level up until tertiary studies.

Education key to cultivating culture of transparency, integrity — Shamsul Azri

Businessman Chung Chee Yang, who emerged as Cape EMS Bhd’s (KL:CEB) substantial shareholder last week, has mopped up an additional 3.39 million shares in the company.

Cape EMS’s new substantial shareholder Chung Chee Yang continues to raise stake

NEWS: Making international schools more accessible

A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.

Singapore oil tycoon OK Lim sentenced to 17½ years in jail

KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.

CelcomDigi cuts key financial target after net profit slips in 3Q

TMC Life Sciences Bhd (KL:TMCLIFE) saw its net profit for the first financial quarter ended Sept 30, 2024 (1QFY2025) plunged 80.6% to RM2.94 million from RM15.14 million a year ago, as the healthcare group posted a lower revenue while its staff costs and other operating expenses rose.

TMC Life Sciences 1Q net profit plunges 81%

Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.

Malaysian banks could face NIM compression on potential OPR cut next year, says AmBank 

A major shareholder of Lagenda Properties Bhd (KL:LAGENDA) and Epicon Bhd (KL:EPICON) has triggered a takeover offer for Mercury Industries Bhd (KL:MERCURY) after having purchased over half of the contractor’s equity interest.

Lagenda Properties, Epicon major shareholder Doh Tee Leong triggers takeover offer of Mercury Industries

Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.

Umno looking to settle SRC’s RM16m lawsuit

Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.

Goldman says ‘go for gold’ as central banks buy, US Fed cuts in 2025

The Human Resources Ministry (Kesuma) is allocating RM3 billion starting in 2025 to strengthen the local workforce and its adaptability in response to rapid technological advancements and changing industry demands, said its minister Steven Sim Chee Keong.

HR Ministry to allocate RM3b to upskill Malaysian workforce amid tech advancements

Gandingan Jakel Sdn Bhd said it is actively working with Kuala Lumpur City Hall (DBKL) to address concerns at its J Satine project in Wangsa Maju, following a stop-work order issued by the authorities on Nov 8.

Gandingan Jakel says working with City Hall to address J Satine's stop-work order

UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million.

In a press statement issued on Monday, the developer said that the approval, which involved Lots 1 and 2 at The Oval within Subiaco East, was issued by the Western Australian State Government’s central land and development agency, DevelopmentWA. It is also the first mixed-use project approved within the Subiaco East masterplan.

UEM Sunrise secures development approval for its first project in Perth, Australia

The Umno leader who first introduced Umno to the corporate world after the New Economic Policy was launched in 1971 was Tengku Razaleigh Hamzah. Razaleigh did this by taking control of Fleet Group in 1972 via Umno proxies/nominees. Fleet Group then controlled the New Straits Times group in Malays...

Alternative Views: Daim took the nexus between business and politics to a new level

The initial operations date (IOD) achieved by Cypark Resources Berhad's (KL:CYPARK) 98MW direct current floating solar project in Kelantan means that the company no longer has delayed solar projects in hand, said BIMB Securities Research.

No more delayed Cypark projects but positives priced in, says BIMB

The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).

MPOC said in a statement on Monday after the EU's decision to postpone the legislation by 12 months.

MPOC urges EU to recognise Malaysia as 'low risk' under deforestation regulation

theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Monday. One stock showed positive momentum and the remaining four displayed negative momentum. &nbsp;

The stock with positive momentum was:

<ul>
	<li>&nbsp;&nbsp;&nbsp; Cypark Resources Bhd (KL:CYPARK) — up 5.5 sen or 6.59% to 89 sen</li>
</ul>

Stocks with momentum on Nov 18, 2024: Cypark, TechnoDex, Matrix, Karex and Classita  

&nbsp;On the evening of Election Day, Kamala Harris’ campaign was touting high turnout on college campuses in key swing states.

How Donald Trump cut into Democrats’ hold on young voters

Setia Awan Group has announced the signing of a memorandum of understanding (MOU) between Astrum Ampang and BilaBila Mart to integrate the convenience store chain into the Astrum Ampang development.

Setia Awan Group’s Astrum Ampang signs MOU with BilaBila Mart to offer convenience store for residents

KUALA LUMPUR (Nov 18): Opposition political party Parti Pribumi Bersatu Malaysia (Bersatu), through its two office bearers, has filed an originating summons against five Members of Parliament (MPs) to vacate their seats. The five MPs were elected under the party’s logo in 2022, but later became independents who are close to Prime Minister Datuk Seri Anwar Ibrahim.

Bersatu files suit against five former MPs who are friendly with Govt to vacate their seats

RIO DE JANEIRO, Brazil (Nov 18): Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said&nbsp;Malaysia’s Investment, Trade and Industry Minister&nbsp;Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: Semicon collab with Brazil poised to make Malaysia a regional industrial gateway

KUALA LUMPUR (Nov 18): MMAG Holdings Bhd (KL:MMAG) has been granted a waiver by Bursa Securities from being classified as an affected listed company under Guidance Note 3 (GN3).

MMAG gets GN3 status waiver from Bursa Securities

Equity markets in Taiwan were pinned at an over two-week low on Monday on expectations around a moderation in October exports from the country and potential risks surrounding a hike in tariffs by the incoming Republican administration in the US.