<div class=newsTextDataWrapInner>SINGAPORE (Sept 4): Keppel Corporation and DBS Bank have signed a memorandum of understanding (MOU) to jointly scale up sustainable urbanisation and digitalisation solutions in Asia, with a focus on India.</div>

<div class=newsTextDataWrapInner>The focus on India is due to DBS’ increasing presence in the country, which is one of the world’s fastest-growing economies. India is among DBS’ six core markets and is one of its top three markets for sustainable finance. India contributes some S$1.1 billion to DBS’ S$61 billion in cumulative sustainable financing transactions across Asia, spanning 19 markets.</div>

<div class=newsTextDataWrapInner>India’s rapid rate of urbanisation is expected to<a href="https://www.theedgesingapore.com/news/sustainability/keppel-corp-and-dbs-sign-mou-scale-sustainable-urbanisation-and-digitalisation" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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SINGAPORE (Sept 4): Keppel Corporation and DBS Bank have signed a memorandum of understanding (MOU) to jointly scale up sustainable urbanisation and digitalisation solutions in Asia, with a focus on India.

Keppel Corp, DBS sign MOU to scale up sustainable urbanisation and digitalisation solutions in Asia

Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) (KL:ALAQAR) net income fell 11% year-on-year to RM15.63 million in the third quarter ended Sep 30, 2024 (3QFY2024), following a drop in net rental income.

Al-Aqar REIT announces 1.9 sen DPU despite 11% drop in 3Q net income 

Russian President Vladimir Putin warned that his forces could strike “decision-making centres” in the Ukrainian capital of Kyiv with new ballistic missiles as retaliation for attacks on Russia using Western missiles.

Putin warns Russia may strike Kyiv with new ballistic missiles

Fears of counterfeit US$50 (RM222.05) and US$100 bills have disrupted foreign-exchange trade at Istanbul’s Grand Bazaar.

Some bureaus at the bazaar, a traditional hub for currency trading, stopped purchasing the bills, saying the counting machines they use can’t identify the fake notes, state-run Anadolu Agency reported.

Counterfeit dollar scare hits FX trade at Istanbul’s Grand Bazaar

Supermax Corp Bhd (KL:SUPERMX) extended its streak of losses to seven quarters, as a surge in operating expenses sank the glovemaker into the red, compounded by currency losses.

Supermax trudges through 1Q as losses pile up, expects better finances next year

Hong Kong plans to waive tax on investment gains from cryptocurrencies and other alternative assets for hedge funds, private equity funds and certain family offices as the city strives to enhance its appeal as a wealth management hub.

Hong Kong to offer crypto tax exemption for hedge funds and family offices

E-commerce giant Amazon has developed new generative artificial intelligence (GenAI) that can process images and videos in addition to text, making it less reliant on AI startup Anthropic, The Information reported on Wednesday.

Amazon developing GenAI model for video, The Information reports

Capital A Bhd (KL:CAPITALA) recorded net profit of RM1.64 billion in the third quarter of the financial year, as opposed to a net loss last year, as the group recognises over RM2 billion in foreign exchange (forex) gains during the quarter.

Capital A registers RM1.64 bil in 3Q net profit, boosted by forex gains 

PMB Technology Bhd (KL:PMBTECH) saw its net profit more than quadruple to RM7.89 million in the third quarter, from RM1.64 million a year earlier, on higher earnings from its manufacturing and trading segment.

PMB Technology records over fourfold rise in 3Q net profit despite drop in revenue

Tenaga Nasional Bhd (KL:TENAGA) posted an 85% rise in net profit to RM1.58 billion for its third quarter ended Sept 30, 2024 (3QFY2024) thanks to hefty foreign exchange (forex) gains, against RM856.2 million in the same quarter last year, according to the utility giant’s bourse filing on Thursday.

TNB 3Q profit up 85% on RM1.12b forex gain

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.

Billionaire tycoon Ananda Krishnan passes away — statement

Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.

Daim’s wife gets unconditional return of her passport from Court of Appeal

Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.

NationGate shares slide in early trade after 3Q results miss expectations

CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, said its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).

CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

Genting Malaysia Bhd's (KL:GENM)&nbsp;third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.&nbsp;

Genting Malaysia's 3Q profit highest in nearly six years on forex gains

Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.

Tech counters decline in early trade on Bursa Malaysia

KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.

Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.

Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.

Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.

The total cost of the expansion of the Penang International Airport (LTAPP) is estimated at RM1.55 billion, with almost all of it to be financed through a private financing initiative by Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).

Penang airport expansion estimated at RM1.55b, almost fully funded by MAHB — exco

Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.

Farm Fresh declares dividend of one sen as 2Q earnings double

TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.

TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.

Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

China's ByteDance is suing a former intern for US$1.1 million (RM4.9 million), alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race.

ByteDance seeking US$1.1m damages from intern in AI breach case, report says

Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.

PM defends RM16b leasing arrangement of helicopters for country's security forces

KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.

Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.

US preps China chip curbs that stop short of early proposals — Bloomberg

Axiata Group Bhd (KL:AXIATA), the country’s largest telecommunications company by revenue, returned to the black in the third quarter as currency gains and other one-off items offset a decline in operating income.

Axiata returns to the black in 3Q as one-off gains offset lower operating income

The National Kidney Foundation (NKF) has on Thursday managed to quash the Inland Revenue Board’s decision in 2020 to withdraw the tax-exemption status of the charitable organisation.