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Govt to impose excise duty on chewing tobacco products at 5% rate, RM27 per kg

Europe’s sugar companies are facing revenue pressures, after last year’s stellar performance, as increased supplies are pushing down prices and hurting their bottom line.
 
Suedzucker, the largest producer of the sweetener in Europe, saw an 81% drop in operating profit for its sugar unit in its first-half financial report, citing falling prices in the European Union (EU) and higher exports from the bloc to the world market.

Europe’s sugar companies see strong supplies eating into their profits 

Johor-based furniture manufacturer SHH Resources Holdings Bhd (KL:SHH) said it is diversifying into the food industry by acquiring a majority stake in a health foods and frozen fruits company.

SHH Resources diversifies into food industry via 51% stake buy in health foods firm

Trading in Public Bank Bhd (KL:PBBANK) and LPI Capital Bhd (KL:LPI) will resume on Friday, following the announcement of Public Bank’s acquisition of a 44.15% stake in the insurer for RM1.72 billion.

Trading in Public Bank, LPI Capital to resume on Friday after acquisition announcement

Yang Dipertuan Besar Negeri Sembilan, Tuanku Muhriz Tuanku Munawir has decreed that the welfare of children associated with GISB Holding Sdn Bhd (GISB) in the state be safeguarded, including ensuring they receive proper mainstream education.

Tuanku Muhriz issues decree to protect welfare of GISB-linked children

The Royal Malaysian Police will collaborate with religious authorities and related agencies to ensure that the teachings and beliefs propagated by GISB Holdings Sdn Bhd (GISB) are not revived.

Police, religious authorities join forces to prevent resurgence of GISB beliefs

The Malaysian Institute of Economic Research (MIER) believes that Budget 2025 will have a strong focus on regional cooperation, particularly in fintech, financial inclusion and cross-border trade.

The think-tank said this will further boost Malaysia’s position as it assumes the Asean chairmanship next year.

Strong focus on regional cooperation in Budget 2025 to boost Malaysia's Asean chairmanship

Wall Street opened lower on Thursday as hotter-than-expected September inflation data reinforced expectations of a 25-basis-point rate hike by the Federal Reserve at its upcoming meeting.

Wall Street falls after inflation, jobless claims data

Education Minister Fadhlina Sidek has expressed hope that Budget 2025, which will be tabled in Parliament next week, will prioritise strengthening the entire education ecosystem to ensure that no one in the country is left behind.

Budget 2025: MOE hopes for priority in strengthening education ecosystem

The National Heart Institute (IJN) is seeking a 10-40% increase in the fees it charges patients that the Ministry of Health outsources to it, saying a review is necessary given inflation and rising costs, as the fee structure was set over 20 years ago in 2003.

IJN seeks 10-40% increase in fees it charges MOH patients

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia has requested a waiver of visa requirements on a reciprocal basis with Canada.

The request was conveyed to his Canadian counterpart Justin Trudeau during a bilateral meeting on the sidelines of the 44th and 45th Asean Summits and Related Summits here on Thursday.

Malaysia requests waiver for visa requirements on reciprocal basis with Canada

Consolidated Teh Holdings Sdn Bhd and the estate of the&nbsp;late Tan Sri Teh Hong Piow — the largest shareholders of Public Bank Bhd (KL:PBBANK) — will&nbsp;undertake a restricted offer for sale of shares in the company to eligible employees, investors and directors.

Public Bank’s Teh family to trim down shareholdings to 10% in next five years via restricted offer for sale

Public Bank Bhd (KL:PBBANK), the third-largest bank in Malaysia by assets, is acquiring a 44.15% stake in insurer LPI Capital Bhd (KL:LPI) for RM1.72 billion in cash from the family of the late Tan Sri Teh Hong Piow.

Public Bank to acquire 44.15% stake in LPI Capital for RM1.72 bil, triggering MGO at RM9.80

The National Heart Institute (IJN) is seeking a 10-40% increase in the fees it charges patients that the Ministry of Health outsources to it, saying a review is necessary given inflation and rising costs, as the fee structure was set over 20 years ago in 2003.

Former chief inspector Azilah Hadri, the Special Action Unit officer convicted of murdering Mongolian Altantuya Shaariibuu 18 years ago, has had his death sentence commuted to 40 years’ jail and 12 strokes of the rotan.

Azilah gets 40 years and 12 strokes of the rotan for Altantuya's murder

KUALA LUMPUR (Oct 10): Top Glove Corporation Bhd (KL:TOPGLOV) said on Thursday that its net losses narrowed sharply as sales surged, and the world’s largest glovemaker by capacity also booked gains from land sale.&nbsp;

Top Glove’s net loss narrows sharply in 4Q on higher sales, gain from land sale

The Cabinet, at a meeting on Tuesday, approved the adoption of the Data Centre Planning Guidelines (GPP) developed by the Ministry of Housing and Local Government through the Town and Country Planning Department (PLANMalaysia).

Data Centre Planning Guidelines approved by Cabinet, says Nga

The final quarter of 2024 (4Q2024) will likely be volatile for Malaysia’s stock market, pushing investors to protect gains made while identifying opportunities for next year, said RHB Investment Bank.

Protect gains as Bursa may be volatile in 4Q, RHB advises

HONG KONG/SHANGHAI/BEIJING (Oct 10): China's central bank said on Thursday that it would start accepting applications from financial institutions to join a newly created funding scheme, initially worth 500 billion yuan (US$70.62 billion, or RM303.7 billion), to aid the capital market.

China kicks off 500b yuan swap facility to aid stock market

STRONG investment inflows into Penang’s electrical and electronics segment have fuelled its industrial sector growth, but left the state with a palpable infrastructure headache.

Roads leading to the island are regularly congested, as are those on the island and those going into the indu...

Cover Story: Penang’s infrastructure playing catch-up with its industrial boom 

Sapura Resources Bhd (KL:SAPRES) said on Thursday that it has issued show cause letters to its managing director Datuk Shahriman Shamsuddin and appointed a new acting MD.

Sapura Resources issues show cause letters to Shahriman, appoints Reza Abdul Rahim as acting MD

Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove manufacturer by capacity, is confident it has sufficient capacity to meet the anticipated surge in US demand for medical gloves following the imposition of higher tariffs on Chinese imports, which are set to take full effect in January 2025.

Top Glove confident of meeting US glove demand amid China tariff woes

KUALA LUMPUR (Oct 10): Real estate advisory firm AREA Group of Companies, through its special purpose vehicle Data Gateway Sdn Bhd, signed a sale and purchase agreement with Northern Gateway Sdn Bhd to purchase 30 acres of industrial land in Delapan, Kedah, to develop the first phase of its hyperscale data centre campus called AREA Data Centre Campus (ADCC).

AREA acquires 30-acre land in Delapan, Kedah to build data centre

Founded in 1927, the US-based Marriott International has more than 30 brands and nearly 9,000 properties as well as 149 restaurants in 141 countries today. In a roundtable media discussion in Kuala Lumpur on Sept 10, Marriott International chairman of the board David S Marriott revealed that the ...

Marriott International’s expansion plans in Malaysia backed by positive market outlook

Malaysia's palm oil stocks rose more than expected in September to hit an eight-month high, as a sharp fall in local consumption outweighed a modest increase in exports and reduced production, the industry regulator said on Thursday.

Malaysia's palm oil stocks hit eight-month high as consumption slows

Dr Shaariibuu Setev, the father of slain Mongolian Altantuya Shaariibuu, has affirmed a letter to support a motion by former chief inspector Azilah Hadri, the murderer, to commute his death sentence to life imprisonment.

Altantuya's father affirms letter backing Azilah's appeal to commute death sentence to life imprisonment

Datuk Dominic Silva has stepped down as the chief executive officer of MIDF Amanah Investment Bank (MIDF IB), the position that he held for almost six years.&nbsp;

Dominic Silva steps down as MIDF IB CEO

An operations director of a housing company with the title ‘Datuk’ has been remanded for four days from today to assist in the investigation into the false claims involving a housing project in Temerloh, Pahang worth RM4.25 million.

‘Datuk’ duo remanded over false claims

（吉隆坡10日讯）全国第三大银行大众银行（Public Bank Bhd）（KL:PBBANK）豪掷17亿2000万令吉现金或每股9.80令吉，向已故丹斯里郑鸿标的家族收购伦平资本（LPI Capital Bhd）（KL:LPI）44.15%股权。

大众银行豪掷17.2亿 收购伦平资本44.15%股权

KUALA LUMPUR (Oct 10): Sunway Bhd’s (KL:SUNWAY) unit Sunway Developments Pte Ltd (SDPL), together with Hoi Hup Realty Pte Ltd, have been awarded a parcel of land by the Housing and Development Board of Singapore.

Sunway to jointly develop Singapore land for mixed-use development worth S$668.28 mil

More China-based companies have expressed interest in being off-takers to set up manufacturing facilities within UEM Sunrise Bhd’s (KL:UEMS) Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.