<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 26): The Ministry of Local Government Development (MLGD) has conditionally approved Tomei Consolidated Bhd’s request for pawnbroker licences, as well as allowed the jeweller to conduct online money lending business activities.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday, Tomei said that five of its subsidiaries secured conditional approval from the ministry for pawnbroker licences to operate as pawnbrokers.</p></div>

<div class=newsTextDataWrapInner><p>The subsidiaries which obtained conditional approval were Ambitious Dream Sdn Bhd, Glittering Dream Sdn Bhd, Joyous Dream Sdn Bhd, Memorable Dream Sdn Bhd, and Mesmerizing Dream Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It did note that the licences are subject to the subsidiaries fulfilling certain conditions by July 20, 2024.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>However, the company did not disclose details concerning the aforesaid conditions required to be fulfilled in the filing.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, in a separate filing, Tomei also announced that the MLGD has approved its wholly-owned subsidiary TXG Financial Solutions Sdn Bhd to conduct online money lending business within the unit’s existing money lending licence.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Tomei closed two sen or 1.74% higher at RM1.17, giving the company a market capitalisation of RM162.16 million.<br />
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The Ministry of Local Government Development (MLGD) has conditionally approved Tomei Consolidated Bhd’s request for pawnbroker licences, as well as allowed the jeweller to conduct online money lending business activities.

Tomei gets approval for pawnbroker licence, online money lending activities

KUALA LUMPUR (Dec 8): The labour market in Malaysia is expected to fully recover in 2024, backed by encouraging momentum in the domestic economy and a reviving external front, economists said on Friday.

Malaysia’s labour market on track to full recovery in 2024, economists say

Umno supreme council member Isham Jalil will be given a letter soon regarding his party membership status, said Umno president Datuk Seri Dr Ahmad Zahid Hamidi.

“He will get a letter soon,” Ahmad Zahid said briefly when asked about Isham's statement that he had yet to get any letter on his Umno membership status after his reported sacking from the party.

Umno to inform Isham of his membership status soon — Ahmad Zahid

Indonesia's biggest tech firm GoTo Gojek Tokopedia said on Friday it was in talks with short video app TikTok over a potential e-commerce partnership in the Southeast Asian country.

Indonesia's GoTo in talks with TikTok over potential e-commerce partnership

Britain's antitrust regulator said on Friday it will review whether to launch a merger probe of Microsoft's multi-billion dollar partnership with OpenAI, after the ChatGPT maker said the US tech giant would have a non-voting board seat.

UK antitrust regulator reviewing Microsoft, OpenAI partnership

KUALA LUMPUR (Dec 8): Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire a two-storey shopping mall in Temerloh, Pahang, for RM25.75 million cash.

Axis-REIT to acquire shopping mall in Temerloh for RM25.75 mil

World stocks teetered on their first weekly loss since October as a rally fuelled by hopes of the US Federal Reserve and the European Central Bank cutting interest rates paused ahead of key US jobs data.

Global stocks and bonds turn cautious before US jobs data

KUALA LUMPUR (Dec 8): The ringgit ended higher against the greenback on Friday, as forex traders awaited the release of the US nonfarm payrolls (NFP) data later that night, which will provide further clarity on the interest rate outlook of the United States.

Ringgit closes higher versus greenback ahead of US jobs data

Vietnam earned a sovereign credit rating upgrade from Fitch Ratings on favourable medium-term growth outlook, putting the nation closer to investment grade.

Vietnam wins credit-rating upgrade from Fitch on ‘robust’ FDI

YTL Power International Bhd announced on Friday that it is collaborating with Nvidia to build AI infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.

YTL Power confirms collaborating with Nvidia to build AI infrastructure in Malaysia

SINGAPORE (Dec 8): Genting Singapore’s wholly owned subsidiary Resorts World Sentosa (RWS) has been issued a penalty of S$2.25 million by Singapore’s gaming regulator, the Gambling Regulatory Authority (GRA), for its failure to perform customer due diligence measures.

Genting Singapore’s Resorts World Sentosa handed S$2.25 mil penalty for customer due diligence breaches

<p>The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.</p>


Najib's 1MDB-Tanore trial live reporting (Dec 8)

<p>US-based artificial intelligence (AI) chip giant Nvidia Corp, which is mulling a plan to set up a data centre in Malaysia, believes AI data centres could be a new manufacturing sector for the country.</p>


Nvidia CEO says AI data centres could be new manufacturing sector for Malaysia

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week.

Most read this week

<p>RHB Investment Bank Research (RHB IB) has maintained its “neutral” rating on the rubber glove product&nbsp;sector, and said sentiment on the sector improved recently, following the sequential pickup in sales volumes as announced during the results reporting season in November.</p>


RHB IB expects meaningful turnaround for glove makers in 2024

<p>Mah Sing Group Bhd has acquired a four-acre land with a total land cost of RM74.3 million in Mukim Setapak, Kuala Lumpur. The developer will develop a transit-oriented development (TOD) called M Azura with a gross development value of RM508 million, it said in a press release on Dec 8. This is Mah Sing’s third project in Setapak.</p>


Mah Sing secures 4-acre tract of land in Setapak to develop M Azura

<p>Jensen Huang Jen-hsun — chief executive officer and co-founder of American artificial intelligence (AI) chip giant Nvidia Corp — is set to meet with Prime Minister Datuk Seri Anwar Ibrahim in a closed-door meeting on Friday.</p>


Nvidia boss Jensen Huang to meet PM on Friday

<p>YTL Power International Bhd announced on Friday that it is collaborating with Nvidia to build AI infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.&nbsp;</p>


<p>KUALA LUMPUR (Dec 8): Sime Darby Property Bhd and Brunsfield Metropolitan Sdn Bhd have mutually terminated their 60:40 joint venture (JV).</p>


Sime Darby Property mutually terminates joint venture with Brunsfield Metropolitan

<p>KUALA LUMPUR (Dec 8):&nbsp;Malayan Banking Bhd (Maybank) has appointed Alvin Lee Han Eng as its country chief executive officer (CEO), CEO of Maybank Singapore Ltd and CEO of Maybank Singapore branch, effective Jan 1, 2024.</p>


Maybank appoints Alvin Lee as CEO for Singapore

<p>MSM Malaysia Holdings Bhd has extended the garden leave of its chief financial officer (CFO)&nbsp;Dr Mazatul 'Aini Shahar Abdul Malek Shahar by one month.</p>


MSM Malaysia extends CFO's garden leave until Jan 15

<p>Analysts remain upbeat on Cahya Mata Sarawak Bhd's prospects, as it enjoys resilient demand for its cement, thanks to a stronger flow of infrastructure jobs in Sarawak.</p>


Analysts stay upbeat on Cahya Mata Sarawak, thanks to strong cement demand for local projects

<p>Datuk Raja Rozela Raja Toran, the former lead prosecutor in Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's corruption cases,&nbsp;was among nine persons appointed as&nbsp;High Court judicial commissioners (JCs) on Friday.</p>


Raja Rozela among nine persons appointed as judicial commissioners

<p>Organic expansion and expansion across the healthcare continuum are the top two priorities of IHH Healthcare Bhd as the strategy moving forward, said TA Securities, citing IHH group chief executive officer Dr Prem Kumar&nbsp;Nair.</p>


New vision and directions to bring IHH to next level of profitability, says TA Securities

<p>KUALA LUMPUR (Dec 8): Bank Negara Malaysia (BNM) analyst Adam Ariff Mohd Roslan was accused of not being independent and colluding with the Malaysian Anti-Corruption Commission (MACC) when he had made his 76-page report on 1Malaysia Development Bhd’s (1MDB) transactions and money trails.</p>


1MDB-Tanore trial: Shafee accuses BNM analyst of favouring MACC

<p>Pecca Group Bhd, which has posted record profits and revenue for the past three financial years, is aiming to generate at least 15% of its revenue from the aviation business over the next five years.</p>


Pecca targets 15% earnings boost from aviation business over next five years 

<p>Bursa Malaysia opened higher on Friday, supported by mild bargain hunting.</p>

<p>At 9.10am, the FBM KLCI had risen 0.52 point&nbsp;to 1,443.37, from Thursday's close at 1,442.85.</p>


Bargain hunting lifts Bursa to open higher

<p>AmBank Research has downgraded the consumer sector to “neutral” on cautious spending ahead, impacted by macroeconomic uncertainties and downtrading tendencies as consumers seek (i) competitive pricing or unbranded items, and (ii) smaller-sized packs (value options) for F&amp;B.</p>


AmBank Research downgrades consumer sector on cautious spending ahead

<p>RHB Retail Research said ITMAX System Bhd is eyeing for a technical breakout as it bounced off the 21-day simple moving average line, heading towards the RM1.83 immediate resistance.</p>


ITMAX System eyeing for a technical breakout, says RHB Retail Research 

<p>The government will intensify its labour market reforms in 2024, including reducing dependency on foreign labour, said Economy Minister Mohd Rafizi Ramli.</p>


Govt to intensify labour market reforms in 2024, says Rafizi

<p>The ringgit reversed its losses to open higher against the US dollar on Friday,&nbsp;amid positive developments in&nbsp;the Asian foreign exchange market.</p>
