<div class=newsTextDataWrapInner>SINGAPORE (Oct 5): Australian Securities Exchange-listed Seek, which owns and operates JobStreet and JobsDB, has launched JobStreet Express in Singapore.&nbsp;</div>

<div class=newsTextDataWrapInner>JobStreet Express aims to help Singaporean employers fill the gap in semi-skilled workers, as well as support Singaporeans in finding work faster and easier.&nbsp;</div>

<div class=newsTextDataWrapInner>The semi-skilled segment in Singapore makes up more than 40% of<a href="https://www.theedgesingapore.com/news/labour-market/seek-launches-jobstreet-express-address-semi-skilled-segment-singapore" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Oct 5): Australian Securities Exchange-listed Seek, which owns and operates JobStreet and JobsDB, has launched JobStreet Express in Singapore.

Seek launches JobStreet Express to address semi-skilled segment in Singapore

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Pertama Digital, KNM, AEON Co, Malton, Global Oriental, G Capital, Jentayu, UUE, Johor Plantations

Sunway Group is selling two parcels of land measuring 64 acres in Sunway City Iskandar Puteri (SCIP), Johor, in a deal worth over RM380 million for data centre development.

Sunway sells Johor land to Singaporean firm Equalbase for over RM380m 

Wall Street indexes traded lower on Tuesday after Federal Reserve chairman Jerome Powell said more evidence was needed before cutting interest rates, while gains in Tesla shares kept losses in check.

Wall Street edges lower as Powell signals caution; Tesla jumps after delivery data

US job openings increased in May after posting outsized declines in the prior two months, but layoffs picked up amid slowing economic activity.

US job openings increase in May; layoffs rise

G Capital Bhd (KL:GCAP) has decided to scrap its planned rights issue of redeemable convertible unsecured loan stocks (RCULS) due to unfavourable market conditions.

G Capital scraps RM113m rights issue of RCULS 

The Malaysian Anti-Corruption Commission (MACC) has released three staff of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) that it arrested last week in relation to the alleged bribery involving highway contracts worth RM1.67 billion.

The three were released on Tuesday morning following the expiry of their eight-day extended remand period. Arrested last Monday (June 24), they were initially remanded for four days till Friday (June 28), but the MACC sought a four-day extension for them.

MACC releases three Prolintas staff as it nabs two subcontractors over alleged bribery involving highway projects

The US central bank still needs more data before cutting interest rates to ensure that recent weaker inflation readings give a true picture of what is happening to underlying price pressures, Federal Reserve chair Jerome Powell said on Tuesday.

Powell says US Fed needs more evidence of falling inflation before cutting rates

Dubai is building three new office towers in the heart of its financial district, expanding to catch up with rising demand in stark contrast to slumping occupancy rates for commercial property in cities around the world.
 
DIFC Square will be built within the Dubai International Financial Centre (DIFC) and span one million sq ft — 60% of which will be dedicated to office space, according to the government communications office.

Dubai to build three office towers, sidestepping global slump

Opec said its oil revenues slumped by 18% last year, as crude prices cooled and the group embarked on new production cuts to balance global markets.

Opec’s oil revenues slumped 18% last year as prices eased

Hindenburg Research has denied allegations by India's securities regulator that it colluded with a US asset manager to use non-public information to set up a short bet against Adani Group last year, which if proven would breach the country's rules.

Hindenburg denies allegations on Adani short bet by SEBI

A series of incidents that left scores of airline passengers needing medical attention has shone a spotlight on the problem of severe in-flight turbulence.

These flight routes suffer the world’s worst turbulence

WHILE two prominent hospital operators — IHH Healthcare Bhd (KL:IHH) and Sunway Healthcare — have emerged as potential suitors for the 600-bed Island Hospital in Penang in a deal said to be worth between RM3.76 billion and RM4.7 billion, the question arises as to whether such a price is justified...

Are IHH and Sunway prepared to pay more than RM4 billion for Island Hospital?

There is no policy paper yet allowing the implementation of subsidy cuts for RON95, said Prime Minister Datuk Seri Anwar Ibrahim.

While there have been studies on shifting away from blanket subsidies towards a targeted approach for RON95, Anwar said the government intends to evaluate the outcomes of rationalising subsidies on electricity, chicken and diesel for now.

No policy paper yet on slashing RON95 subsidies, says Anwar

Engineering firm UUE Holdings Bhd (KL:UUE), which surged 175% in its trading debut on Tuesday, has set its sights to actively pursue tenders for electricity projects in Singapore, said its independent non-executive chairman Lee Chye Tee.

Speaking at the company’s listing, Lee said the group is committed to further expanding its services in Singapore due to demand for underground utilities engineering solutions there.

Newly listed UUE Holdings on active lookout for electricity projects in Singapore

Malaysia’s manufacturing sector is still on track for growth, economists said and shrugged off the slight contraction in June’s purchasing managers’ index (PMI).

Economists say Malaysia's manufacturing sector still on track for growth, shrug off June's dip

Malton Bhd (KL:MALTON) said it is acquiring 30.17 acres of freehold land in Genting Highlands from fellow property developer Global Oriental Bhd (KL:GOB) to build serviced apartments and luxury villas.

Malton buying land in Genting Highlands to build apartments, luxury villas

SUBANG JAYA (July 2): Property developer Tropicana Corp Bhd (KL:TROP) unveiled its six key tenants for its SouthPlace Shoppes &amp; Residences development on Tuesday.

The six key tenants are Mercato (anchor tenant), Anytime Fitness, Health Lane Family Pharmacy, myNEWS (KL:MYNEWS), Swimo...

Tropicana Corp unveils key tenants for SouthPlace Shoppes & Residences at Tropicana Metropark, Subang Jaya

Main Market-bound Johor Plantations Group Bhd’s (KL:JPG) net profit for the first quarter ended March 31, 2024 (1QFY2024) more than doubled to RM49.97 million from RM23.4 million a year earlier, as revenue for the quarter rose to RM294.91 million versus RM251.98 million previously.

Johor Plantations 1Q net profit more than doubles to RM49.97 mil

The booming upstream topside maintenance and hook-up and commissioning (HUC) services is expected to continue throughout the rest of 2024 as Petroliam Nasional Bhd (Petronas) ramps up its brownfield activities to boost production on its existing fields.

Kenanga Investment Bank Bhd said the upstream services market, particularly HUC services, had experienced a significant increase in activities in the first half of this year.

Petronas to ramp up brownfield activities, booming maintenance, HUC services in 2024

The Export-Import Bank of Malaysia Bhd (EXIM Bank) and Toyo Ink Group, wholly owned by Toyo Ventures Holdings Bhd (KL:TOYOVEN), have been criticised for sponsoring and financing a coal-fired power plant in Vietnam, as most of the world is moving away from the fossil fuel due to its significant carbon footprint.

Is Malaysia funding coal abroad?

<h2>Notable filings</h2>

During the week of June 10 to 14, one of the notable changes in shareholding at companies listed on Bursa Malaysia occurred at developer Matrix Concepts Holdings Bhd (KL:MATRIX), which saw the Employees Provident Fund (EPF) cease to be a substantial sh...

Insider Moves: Matrix Concepts Holdings Bhd, Tex Cycle Technology (M) Bhd, Southern Cable Group Bhd, IJM Corp Bhd, Tenaga Nasional Bhd, Inari Amertron Bhd

TO some, Genting Bhd’s (KL:GENTING) announcement of its RM5 billion energy ventures last week seemed to have come out of the blue. But to others, the announcement comes at a time when the gaming business is becoming more competitive than it was 50 years ago, when Genting first established its hil...

Genting’s energy ventures yet to excite investors  

Shares of Jentayu Sustainables Bhd (KL:JSB) plunged to their lowest in nearly six months on Tuesday’s morning trade, prompting Bursa Securities to suspend the counter’s intraday short selling (IDSS).

JSB's share price fell as much as 22 sen or 26% to its intraday low of 62 sen — its lowest since Jan 23, 2024.

Jentayu Sustainables shares fall to near six-month low, intraday short-selling suspended

KUALA LUMPUR (July 2): theedgemalaysia.com highlighted nine stocks with momentum at Bursa Malaysia’s afternoon close on Tuesday. One stock showed positive momentum, while eight stocks showed negative momentum.

The stocks with positive momentum was:

&nbsp;&nbsp;&nbsp; Seng Fong...

Senfong, Hiaptek, MediaC, Evergrn, Solid, Rohas, AIM, MClean, Cloudpt

The Malaysian Bar, which is challenging former prime minister Datuk Seri Najib Razak’s pardon, which saw his jail sentence halved and his fine quartered, told the High Court on Tuesday that it is not challenging the Agong's power in the issue but the Pardons Board's decision.

Bar says it is challenging Pardon’s Board’s decision in Najib’s case, not Agong’s power

Former prime minister Datuk Seri Najib Razak has been allowed by the High Court on Tuesday to intervene in the Malaysian Bar’s challenge against the Federal Territories Pardons Board's decision to reduce his jail sentence and fine.

Najib allowed to intervene in Malaysian Bar's challenge of Pardons Board's decision

A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.

China’s plastics boom is set to create another trade headache

<h3>OCK Group Bhd</h3>

Target price: 85 sen BUY

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Brokers Digest: Local Equities - OCK Group Bhd, Dialog Group Bhd, Mah Sing Group Bhd, Perak Transit Bhd

The proceedings to claim matrimonial property worth RM2.1 billion filed by the widow of the late Tan Sri Dr Jamaluddin Jarjis, Puan Seri Dr Kalsom Ismail, against her four children and 90-year-old mother in-law was paused on Tuesday after the family resolved to discuss a settlement on Wednesday.

Jamaludin Jarjis' asset dispute trial put on hold as family to discuss 'serious settlement”

Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric-vehicle maker's price cuts and incentives helped stimulate demand.