<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 18): Ewein Bhd is buying a 3.93-hectare vacant piece of freehold land in Seberang Perai Tengah, Penang for RM39.77 million.</p></div>

<div class=newsTextDataWrapInner><p>The property developer is buying the land through its indirect wholly-owned subsidiary SkyDorm Sdn Bhd, which is principally involved in construction and letting of industrial properties. The vendors are Tan Hang Soon and Tan Kean Hock.</p></div>

<div class=newsTextDataWrapInner><p>Ewein said the acquisition is in line with the group’s strategy of acquiring land banks with good development potential for its property development and property management segments.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The board is optimistic that the demand for industrial properties is bright and will be contributing towards the profitability of Ewein,” the group added in a bourse filing on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Ewein said the purchase consideration was agreed on a willing-buyer willing-seller basis and is to be funded via a combination of internal funds as well as bank borrowings.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Ewein ended two sen or 1.43% lower at RM1.38, giving the group a market capitalisation of RM416.19 million.</p></div>


Ewein Bhd is buying a 3.93-hectare vacant piece of freehold land in Seberang Perai Tengah, Penang for RM39.77 million.

Ewein buys 3.9ha land in Seberang Perai for RM39.8 mil

Asian stocks are set for a cautiously positive start in holiday-thinned trading after the Federal Reserve’s preferred inflation gauge came in below expectations on Friday and a US government shutdown was averted over the weekend.

Asian stocks eye cautious gains as US worries ease

(Dec 22): Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.

For emerging markets, ‘better luck next year’ is hard to believe

SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.

Umno and BN will remain a part of Unity Govt for GE16 — Ahmad Zahid

(Dec 22): Singapore Post Ltd (SingPost) fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.

SingPost fires CEO, execs after whistleblowing report

BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, Nikkei Asia reported on Sunday, citing sources.

Japan's antitrust watchdog expected to find Google guilty of violating country's law in search case, Nikkei reports

BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times (FT) in an interview published on Sunday.

Qatar vows to stop EU gas sales if fined under due diligence law, FT reports

(Dec 22): One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.

China property flare-ups resurface as crisis enters fifth year

(Dec 22): Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.

Apple’s US$1b investment may be fleeting win for Indonesia

KUALA LUMPUR (Dec 22): Prime Minister Datuk Seri Anwar Ibrahim stated that the Madani government has implemented strategic initiatives throughout 2024, to drive long-term prosperity for the people and the nation.

2024 economic highlights: Madani government drives long-term prosperity — Anwar

KUALA LUMPUR (Dec 22): The Malaysia International Trade and Exhibition Centre (Mitec), owned by Malaysia External Trade Development Corporation (Matrade), has announced the signing of a memorandum of understanding (MOU) between Qube Integrated Malaysia Sdn Bhd and the Asia CEO Community.

Qube Integrated Malaysia inks MOU with Asia CEO Community, unveils Mitec card

<p>(Dec 22):&nbsp;Singapore Post Ltd (SingPost)&nbsp;fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.&nbsp;</p>


<p>(Dec 22):&nbsp;Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.</p>


<p>SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.</p>


<p>BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the <em>Financial Times</em>&nbsp;(<em>FT</em>) in an interview published on Sunday.</p>


<p>BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, <em>Nikkei Asia </em>reported on Sunday, citing sources.</p>


<p>Asian stocks are set for a cautiously positive start in holiday-thinned trading after the Federal Reserve’s preferred inflation gauge came in below expectations on Friday and a US government shutdown was averted over the weekend.</p>
