<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 18): Hua Yang Bhd’s net profit rose 58.75% to RM535,000 for the second quarter ended Sept 30, 2023 (2QFY2023) from RM337,000 a year earlier, amid a surge in revenue</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share increased to 0.12 sen from 0.10 sen, the property group's filing with Bursa Malaysia showed. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue more than doubled to RM56.77 million from RM25.54 million in 2QFY2022, underpinned by a steady construction progress of its Aston Acacia project in Bukit Mertajam, Penang.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first six months of FY2023, the group’s net profit jumped to RM2.52 million from RM564,000 in the same period last year, as revenue climbed 87.18% to RM91.64 million from RM48.96 million.</p></div>

<div class=newsTextDataWrapInner><p>Moving forward, Hua Yang said it will continue to ensure cost efficiencies in its operations and will remain vigilant in addressing any uncertainties in the escalating cost of building materials in its business activities.</p></div>

<div class=newsTextDataWrapInner><p>“The group will remain prudent and will take all steps to closely monitor current and forward market sentiments prior to launching any new housing projects to meet the demand of house buyers,” it said.<br />
&nbsp;<br />
Hua Yang shares closed 0.005 sen or 1.7% higher at 30 sen on Wednesday, giving the group a market capitalization of RM132 million.</p></div>


Hua Yang Bhd’s net profit rose 58.75% to RM535,000 for the second quarter ended Sept 30, 2023 (2QFY2023) from RM337,000 a year earlier, amid a surge in revenue

Earnings per share increased to 0.12 sen from 0.10 sen, the property group's filing with Bursa Malaysia showed.

Hua Yang 2Q net profit up 59% on higher revenue

(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 inks MOU with Asia CEO Community, unveils Mitec card

BEIJING (Dec 22): China's Nio on Sunday said it would launch its new Firefly electric-vehicle (EV) brand in Europe early in the first half of 2025 (1H2025), betting that it would help the company overcome European Union (EU) tariffs.

China’s Nio says new Firefly EV to go on sale in Europe in 1H2025

(Dec 22): The European Central Bank (ECB) will go on lowering borrowing costs in 2025, according to Governing Council member Boris Vujcic.

ECB rate cuts will continue next year, Vujcic tells Croatian state broadcaster

(Dec 22): Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.

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PUTRAJAYA (Dec 22): The Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.

Early schooling aid extended to Form 6 students

KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.

Malaysia strengthens ties with Iran, eyes Gilan province as key collab hub

JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.

18 cops detained for alleged extortion of Malaysian fans at Djakarta Warehouse Project concert

<p>(Dec 22):&nbsp;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.</p>


<p>KUALA LUMPUR (Dec 22): The Health Ministry (MOH) does not take lightly the resignation of more than 6,000 doctors over the past five years.</p>


MOH does not take lightly resignation of over 6,000 doctors over past five years — Dzulkefly

<p>KUALA LUMPUR (Dec 22): Malaysia is intensifying efforts to deepen economic and cultural ties with Iran, identifying Gilan province as another key hub for collaboration.</p>


<p>(Dec 22):&nbsp;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.</p>


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


<p>JAKARTA (Dec 22): Indonesian police have detained 18 personnel suspected of extorting Malaysian nationals who attended the Djakarta Warehouse Project (DWP) concert in Kemayoran, North Jakarta.</p>


<p>(Dec 22): Cocoa’s rally has soared past all major commodities in 2024, and there’s little sign the tight supply and fragile trading landscape that prompted its near-vertical trajectory are in for a fast fix.</p>


<p>KUALA LUMPUR (Dec 21): Prime Minister Datuk Seri Anwar Ibrahim held a meeting on Saturday with local and foreign media practitioners to convey the latest developments about the country's direction related to government policies, as well as various current and future issues in Malaysia.&nbsp;</p>


PM conveys country’s development, direction, policies, current and future issues to media practitioners

<p>BEIJING (Dec 22): China's Nio on Sunday said it would launch its new Firefly electric-vehicle (EV) brand in Europe early in the first half of 2025 (1H2025), betting that it would help the company overcome European Union (EU) tariffs.</p>


<p>KUCHING (Dec 21): A supply interruption caused by generator trip at the Bakun Hydroelectric Plant (HEP) on Saturday afternoon has been fully restored to affected consumers in certain parts of Kuching, Sibu, Bintulu and Miri.</p>


Sarawak Energy: Partial power outage fully restored

<p>(Dec 21):&nbsp;The Biden administration is mulling exempting Mexico from tariffs on imported solar equipment, a last-minute change that would primarily benefit Maxeon Solar Technologies Ltd.&nbsp;</p>


Biden mulls tariff break for solar modules from Mexico

<p>ANKARA (Dec 22): Türkiye will do "whatever it takes" to ensure its security if the new Syrian administration cannot address Ankara's concerns about US-allied Kurdish groups it views as terrorist groups, Foreign Minister Hakan Fidan said on Saturday (Dec 21).</p>


Türkiye will do 'whatever it takes' if Syria government cannot address Kurd militia issue, minister says

<p>BENGALURU (Dec 21): Stellantis&nbsp;has reversed its decision to lay off about 1,100 employees at an Ohio Jeep plant, less than three weeks after the abrupt resignation of chief executive Carlos Tavares, the Franco-Italian automaker said late on Saturday.</p>


Stellantis reverses Ohio layoffs weeks after CEO's abrupt departure

<p>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.</p>


<p>PUTRAJAYA (Dec 22): The&nbsp;Early Schooling Aid (BAP) will extended to Form 6 students starting from the 2025/2026 schooling session, with each receiving RM150, said Education Minister Fadhlina Sidek.</p>


<p>(Dec 22):&nbsp;President-elect Donald Trump selected billionaire Tilman Fertitta as his ambassador to Italy, enlisting a prominent businessman and one-time reality television star for a prime diplomatic post.</p>


Trump taps billionaire restaurateur Fertitta as Italy envoy

<p>(Dec 21):&nbsp;A Starbucks Corp&nbsp;strike of unionised baristas has spread to three more cities in the US, disrupting service during the final days of the crucial holiday season.</p>


Starbucks baristas from three more US cities to join strike

<p>(Dec 21):&nbsp;Lara Trump, daughter-in-law of President-elect Donald Trump, said on Saturday that&nbsp; she has removed her name from consideration to replace outgoing US&nbsp;Senator Marco Rubio.</p>


Lara Trump withdraws from consideration to replace Rubio in US Senate

<p>(Dec 22):&nbsp;The European Central Bank (ECB) will go on lowering borrowing costs in 2025, according to Governing Council member Boris Vujcic.</p>
