<div class=newsTextDataWrapInner>SINGAPORE (Sept 29): Su Zhu, a co-founder of failed hedge fund Three Arrows Capital (3AC), was arrested on Friday afternoon at Changi Airport, while trying to leave the country.</div>

<div class=newsTextDataWrapInner>According to Teneo, the joint liquidator&nbsp;of 3AC, Zhu has also been sentenced to a jail term of four months.</div>

<div class=newsTextDataWrapInner>This follows a committal order granted by Singapore courts against Zhu on Sept 25, for deliberately refusing to comply with a court order to cooperate with the liquidator's investigations, and to also account for his activities while running the fund<a href="https://www.theedgesingapore.com/news/singapore/three-arrows-capitals-zhu-arrested-while-trying-leave-changi-airport" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Su Zhu, a co-founder of failed hedge fund Three Arrows Capital (3AC), was arrested on Friday afternoon at Changi Airport, while trying to leave the country.

Three Arrows Capital's Zhu arrested while trying to leave via Changi Airport

The National Higher Education Fund Corp (PTPTN) expects dividends for its Simpan SSPN savings plan to increase in 2024, buoyed by improved investment performance and strategic fund management.

PTPTN sees better SSPN dividends amid stronger investment returns

(Dec 16): The Federal Reserve is likely to signal a slower future pace of easing when it meets later this week and then skip cutting interest rates in January, according to Goldman Sachs Group Inc. economists.

While the US bank sees policymakers still delivering a 25 basis-point re...

Goldman Sachs economists see Fed skipping a rate cut in January

Exchange operator Nasdaq is on track to beat the New York Stock Exchange on listings for the sixth straight year in 2024, as Wall Street looks for a bumper crop of initial public offerings in 2025.

Nasdaq tops NYSE in listings for sixth straight year as IPO optimism grows

KUALA LUMPUR (Dec 16): Proton's first electric vehicle (EV), the e.MAS 7, will be the official car for Malaysia's Asean Chairmanship in 2025, Prime Minister Datuk Seri Anwar Ibrahim unveiled on Monday.

He said Malaysia hopes to set an example in this region in promoting the development ...

e.MAS 7 to be Asean 2025 official car — Anwar

France’s new Prime Minister Francois Bayrou’s meeting with Marine Le Pen on Monday left the far-right leader “more positive” on his method, even if she said it wasn’t clear yet if the talks were useful.

Le Pen ‘more positive’ on method after meeting Bayrou 

Chancellor Olaf Scholz will call on Germany's parliament on Monday to declare it has no confidence in him, taking the first formal step towards securing an early national election following his government's collapse.

German Chancellor Scholz to ask parliament to clear way for snap election

Thailand’s Prime Minister Paetongtarn Shinawatra departed for home on Monday after concluding a two-day official visit to Malaysia.

Paetongtarn, accompanied by her spouse Pidok Sooksawas, was given a red carpet send-off and a guard of honour by 28 officers and personnel from the First Battalion of the Royal Ranger Regiment (Ceremonial), under the command of Capt Muhammad Syafiq Najmi Mazlan.

Thai PM concludes two-day official visit to Malaysia

The decline in eurozone business activity eased this month as the bloc's dominant services industry bounced back to growth and offset a long-running contraction in the manufacturing industry, a survey showed on Monday.

Decline in eurozone business activity eases in December, PMI shows

Denmark’s biggest pension fund, ATP, is taking a major hit on its 2.3 billion krone (US$324 million or RM1.44 billion) stake in troubled battery maker Northvolt AB, Danish broadcaster DR reported.

Denmark’s ATP writes down US$324 mil Northvolt stake, says DR

Export of palm oil and related products reached RM99.3 billion in January-November 2024, an increase of RM12.5 billion compared to the same period in 2023.

Export of palm oil, related products hit RM99.3b in Jan-Nov 2024 — Johari  

KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.

TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.

MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

TopVision Eye Specialist Bhd (KL:TOPVISN) ended its first day of listing on the ACE Market on Monday with a 3% rise from its initial public offering (IPO) price of 33 sen.

TopVision closes 3% above IPO price on ACE Market debut

KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.

Supermax climbs to three-year high on active trade 

Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.

Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely ink MOUs with Mida, MARii to spearhead next-gen vehicle production in Tanjung Malim

Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data.

Markets wary of Fed rate plans, China retail disappoints

KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;

High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;

IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.

IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.

Grab stock’s big quarter has some analysts seeing further gains

TRX City Sdn Bhd, master developer of the 70-acre Tun Razak Exchange (TRX), is going to build another office tower, which is expected to have a net lettable area (NLA) of 800,000 sq ft. The new building will be on Lot C7-10, which is adjacent to HSBC Malaysia’s headquarters, Menara IQ.

...

TRX City to build another office block, secures PwC as anchor tenant

Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the local market as the country seeks to boost EV and hybrid EV use and gain a foothold in the global supply chain.

Proton launches its first electric vehicle

China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.

China's weak consumption drags on economy as Trump tariff threat looms

KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;

Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.

Bitcoin surges above US$106,000 on strategic reserve hopes

THE Home Ministry is believed to have awarded Datasonic Group Bhd (KL:DSONIC) a new five-year contract for the supply of Malaysian passports. This is the first contract renewal since November 2021, when the original contracts expired.

According to sources privy to the deve­lopment, the ...

Datasonic finally secures new contract for Malaysian passports, say sources

Offshore marine service provider Perdana Petroleum Bhd (KL:PERDANA) has secured a charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV.

Perdana Petroleum secures anchor handling tug and supply vessel charter contract

Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.

Advancecon clinches RM45 mil infra works job from Sime Darby Property 

The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.