<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 24): Shares of Sime Darby Bhd and UMW Holdings Bhd will be suspended with effect from 2.30pm, on Thursday (Aug 24) pending an announcement.&nbsp;</div>

<div class=newsTextDataWrapInner>As such, trading in the structured warrants relating to Sime Darby and UMW will also be suspended at the same time, according to the companies' filing to Bursa.</div>

<div class=newsTextDataWrapInner>Read also: 
<a href="https://theedgemalaysia.com/node/679979" target="_blank">Sime Darby offers to buy 61.18% stake in UMW from PNB at RM5 per share</a>&nbsp; 
<a href="https://theedgemalaysia.com/node/680032" target="_blank">Sime Darby to trim UMW’s RM2.7 bil debt by selling healthcare JV, land</a> 
<a href="https://theedgemalaysia.com/node/680010" target="_blank">Taking over UMW will help 'plug the gap' in Sime Darby auto business, says CEO</a> 
<a href="https://theedgemalaysia.com/node/678731" target="_blank">PNB to decide on UMW soon</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Shares of Sime Darby Bhd and UMW Holdings Bhd will be suspended with effect from 2.30pm, on Thursday (Aug 24) pending an announcement.

Sime Darby, UMW shares suspended from trading effective 2.30pm today pending announcement

A federal appeals court on Monday upheld a US$5 million (RM22.3 million) verdict that E Jean Carroll won against Donald Trump when a jury found the US president-elect liable for sexually abusing and later defaming the former magazine columnist.

Trump loses appeal of E Jean Carroll US$5m defamation verdict

EVENING 5: 2024: A data driven year

Fitch Ratings is expecting crude palm oil prices to retreat from the current level of over US$1,100 to US$800 (RM3,576) per tonne in 2025.

Fitch expects CPO prices to weaken in 2025 amid improved yield, higher soybean output

US stock indexes were poised for a lower open on Monday, as sparse trading volumes and the specter of rising Treasury yields cast a cloud over the traditionally strong year-end rally for equities.

At 08.33am ET, Dow E-minis 1YMcv1 were down 363 points, or 0.84%, S&P 500 E-minis EScv1 were down 61.75 points, or 1.02%, and Nasdaq 100 E-minis NQcv1 were down 248.75 points, or 1.15%.

Wall St faces lower open on pressure from elevated Treasury yields

Petroliam Nasional Bhd (Petronas), in response to an online news portal's report that it might be trimming its workforce due to its gas distribution agreement with Petroleum Sarawak Bhd, said it is conducting a comprehensive review of its own productivity.

Petronas says reviewing productivity in response to report of potential downsizing

The flood situation in Kelantan and Terengganu is improving as the number of evacuees continue to drop, while in Johor, one new relief centre has been opened as of 8pm.

Flood situation improves in Terengganu and Kelantan; evacuees on the rise in Johor

Chipmaker Nvidia has completed its acquisition of Israeli AI firm Run:ai, the startup said on Monday, following antitrust scrutiny over the buyout.

Nvidia closes US$700m Run:ai acquisition after regulatory hurdles

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday, reversing earlier gains as traders booked profit amid the recent price rally, said a dealer.

Palm oil dealer David Ng said weaker seasonal export demand also weighed on demand for CPO.

CPO futures close lower due to profit taking from recent rally

EVENING 5: Five things you need to know today

GEORGE TOWN (Dec 30): Loong Air launched a new direct flight connecting Xi'an, China to Penang at the Penang International Airport on Monday.

Tourism Malaysia deputy chairman Datuk Yeoh Soon Hin said the new Xi’an-Penang route was the result of strong collaboration between the Tourism, ...

Loong Air launches direct flight from Xi’an to Penang

Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd.

Gamuda buys land from MUI Properties-Chin Teck JV for RM424m cash, for data centre project

KUALA LUMPUR (Dec 30): Trading in MUI Properties Bhd (KL:MUIPROP) has been suspended on Monday, following a request for a material announcement.

MUI Properties’ shares suspended for corporate exercise announcement

Petroliam Nasional Bhd (Petronas), in response to an online news portal's report that it might be trimming its workforce due to its gas distribution agreement with Petroleum Sarawak Bhd, said it is conducting a comprehensive review of its own productivity.

The Malaysian automotive sector's total industry volume (TIV) is expected to grow to 805,000 units in 2025 for another record year for vehicle sales, said Kenanga Investment Bank.

Kenanga expects record automotive sales of 805,000 units in 2025

Apex Equity Holdings Bhd (KL:APEX), which is involved in stockbroking, property development and money lending services, said on Monday it is buying a boutique office building in Bangsar South, Kuala Lumpur for RM50 million.

Apex Equity buys office building in Bangsar South for RM50 mil for relocation

A businessman with a Datuk Seri title, his daughter, son-in-law, and two employees, pleaded not guilty in the Ayer Keroh magistrates court to charges of causing hurt and threatening an insurance manager last month.

Mohamad Fazil Shafie, 62, Nur Amalina Mohamad Fazil, 33, and Amran Azmi, 32, and their employees, Azian Ab Rahim, 37, and Muhammad Azrul Syafiq Rosman, 28, are accused of jointly and intentionally injuring Muhammad Nur Hakim Baharudin, 30.

Datuk Seri and four others charged with injuring insurance manager

Samaiden Group Bhd (KL:SAMAIDEN) said on Monday that it has been selected to develop a 99.99-megawatt large-scale solar photovoltaic plant in Pasir Mas, Kelantan.

Samaiden picked for Kelantan solar plant project

KUALA LUMPUR (Dec 30): <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted eight stocks with momentum at Bursa Malaysia’s afternoon close on Monday. Two stocks showed positive momentum, while six stocks showed negative momentum.

Stocks with momentum on Dec 30, 2024: Southern Cable, Crescendo, Eversendai, Xin Synergy, Willowglen, GDB, MN Holdings, ECA Integrated

KUALA LUMPUR (Dec 30): Higher electricity bills will harm steel companies’ competitiveness and impair the decarbonisation efforts of an industry grappling with losses over the past three years, a trade group said on Monday.

Steel trade group warns higher electricity tariffs will impair competitiveness, decarbonisation

A Jeju Air Co jet suffered a landing-gear malfunction on Monday before returning safely to Seoul, the airline’s second aircraft to experience the fault in two days.

Another Jeju Air jet has landing-gear issue, returns safely

MELAKA (Dec 30): Malaysia Airports Holdings Bhd’s (MAHB) (KL:AIRPORT) network development programme (NDP) holds the potential to attract airlines to begin operations at the Melaka International Airport (LTAM).

Malaysia Airports’ programme able to attract airlines at Melaka International Airport — exco

KUALA LUMPUR (Dec 30): Prime Minister Datuk Seri Anwar Ibrahim said immediate steps will be taken to stimulate growth, enhance the tourism sector, and ensure the preservation of biodiversity on Langkawi Island, Kedah.

Anwar: Immediate steps to boost Langkawi tourism industry

KUALA LUMPUR (Dec 30): Gadang Holdings Bhd (KL:GADANG) and its joint venture (JV) partners have successfully won a bid to develop a 15-megawatt alternating current (MWac) large-scale solar (LSS) photovoltaic (PV) plant in Tawau, Sabah.

Gadang unit’s JV wins bid to develop 15MWac solar plant in Tawau, Sabah

KUALA LUMPUR (Dec 30): Former AEON BiG managing director Sheikh Farouk Sheikh Mohamed has been appointed as the chief executive of the Malaysian Employers Federation (MEF), effective Jan 1, 2025.

In a statement, MEF president Datuk Syed Hussain described Sheikh Farouk as the "ideal choi...

Former AEON BiG MD Sheikh Farouk appointed MEF chief executive

The new staffer was supposed to help Toronto-Dominion Bank spot money laundering from an outpost in New York.

She instead used her access to bank data to distribute customer details to a criminal network on Telegram, according to prosecutors in Manhattan.

Bank insiders are leaking data on client accounts as scams surge

Shares of Kim Loong Resources Bhd (KL:KMLOONG) may have small upside in the next 12 months, analysts said, even as they raised earnings forecasts for the palm oil producer following a better-than-expected quarter.

Kim Loong shares may have limited upside, analysts stay wary despite better-than-expected results

The German government accused US billionaire Elon Musk on Monday of trying to influence its election due in February with articles supporting the far-right Alternative for Germany (AfD) party, even though it suggested they amounted to "nonsense".

Germany accuses Elon Musk of trying to influence its election

Commercial aviation has suffered its deadliest year since 2018 after the Jeju Air Co disaster in South Korea and last week’s downing of an Azerbaijan Airlines plane.

Two plane crashes lead to deadliest year in skies since 2018

Yinson Production, the offshore business arm of Yinson Holdings Bhd (KL:YINSON), has secured an 18-month extension for the bareboat charter contract of its floating production storage and offloading (FPSO) unit operating in offshore Vietnam.

Yinson unit secures RM161.8m bareboat charter extension for FPSO unit

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday