<div class=newsTextDataWrapInner>SINGAPORE (Nov 1): Shenton 101, a private company owned by Lee Yeow Seng, the chief executive officer&nbsp;and major shareholder of Bursa Malaysia-listed IOI Properties Group Bhd, emerged as the sole bidder for Shenton House at the close of the collective sale tender at 3pm on Wednesday.</div>

<div class=newsTextDataWrapInner>JLL is the marketing agent for Shenton House.</div>

<div class=newsTextDataWrapInner>The purchase price of S$538 million (RM1.87 billion) is equivalent to the reserve price, which was reduced from S$590 million when the collective sale was relaunched on Oct 20<a href="https://www.theedgesingapore.com/news/property/lee-yeow-seng-malaysias-ioi-properties-group-buy-shenton-house-538-mil" target="_blank">...(click here for the full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Shenton 101, a private company owned by Lee Yeow Seng, the chief executive officer and major shareholder of Bursa Malaysia-listed IOI Properties Group Bhd, emerged as the sole bidder for Shenton House at the close of the collective sale tender at 3pm on Wednesday.

Lee Yeow Seng of IOI Properties Group to buy Shenton House for S$538m

China’s Loong Air will launch a new direct flight from Xi’an to Penang from Dec 30, marking a significant milestone in the growing tourism and aviation collaboration between Malaysia and China.

Xi’an-Penang direct flight from Dec 30 seen boosting M'sia-China tourism ties

Delivery Hero SE shares fell the most in two weeks in the first day of trading after Taiwan blocked the sale of its subsidiary there to Uber Technologies Inc.
 
Shares of Delivery Hero fell as much as 9% to €26 (RM120.85) in Frankfurt on Friday after the Taiwan Fair Trade Commission ruled the proposed takeover of Foodpanda could reduce competition.

Delivery Hero falls 9% after sale of Taiwan unit to Uber blocked

A total of 6,611 projects involving local governments with a combined allocation of RM993.73 million were completed across the country this year, said Housing and Local Government Minister Nga Kor Ming.

Nga says 6,611 local govt projects worth nearly RM1b completed this year

German business associations see their current situation as worse than it was a year ago and remain pessimistic about the coming year, according to a survey published by the employer-oriented German Economic Institute IW on Friday.

IW survey says German business associations pessimistic about 2025

Malaysia's sovereign wealth fund Khazanah Nasional Bhd said on Friday it has invested into private equity Cambrian Fund and artificial intelligence firm Syntiant Corp.

Khazanah announces investments into Cambrian Fund, Syntiant Corp

The staff involved in the Christmas celebration at the Ministry of Housing and Local Government (KPKT) in Putrajaya recently were mostly Christians. 

Minister Nga Kor Ming said many of those who sang “Jingle Bells” were Kadazans from Sabah, apart from employees from Sarawak.

Nga says ministry's Christmas celebration involved mostly non-Muslims

The South Korean won hit a fresh 16-year low and the stock market tumbled on Friday amid increasing political turbulence, while other emerging Asian currencies fell against a strong dollar in thin year-end trade.

South Korean won tumbles amid political woes; dollar strength undermines Asian FX

China will extend licence age limits for drivers of medium-sized and large buses as well as trucks, as part of broader efforts to address the challenges posed by an aging population, falling birth rate and a shrinking labour pool.

China extends licence age limit for truck, bus drivers as population ages

Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.

Oil prices set for weekly gain on China expectations

China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact on the growth rate.

China says new housing metrics behind upward revision to 2023 GDP

Shares of Tenaga Nasional Bhd (KL:TENAGA) rose on Friday to their new record high as analysts flagged potential earnings upside from implementation of Regulatory Period 4 (RP4).

Tenaga Nasional shares hit new record high as analysts flag upside from RP4

The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.

SC orders Bybit to disable website, apps in Malaysia for operating illegal crypto exchange

Shares of MyMBN Bhd (KL:MBN) fell on Friday to their lowest since listing 17 months ago, and below the initial public offering price, after the Malaysian government temporarily suspended bird's nest exports to China.

MyMBN shares slip to lowest on record after govt suspends bird's nest export to China

The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA).

Base electricity tariff adjustment reflects higher fuel costs, won't burden vulnerable groups, says Tenaga

The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.

Bird flu virus shows mutations in first severe human case in US, CDC says

South Korea's parliament impeached acting President Han Duck-soo on Friday over a short-lived martial law, plunging the country deeper into political chaos, as the Constitutional Court said it would swiftly trial suspended President Yoon Suk Yeol.

South Korea's parliament impeaches acting president Han, as Yoon goes on trial

Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.

Japan's cabinet approves record budget, faces tough parliament fight

The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim.

Electricity tariff adjustment won’t burden majority, says PM

Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts.

Asian stocks drift, yen at five-month low in thin year-end trading

US soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.

Soybean futures up as weather spurs short-covering; corn at six-month high

A less-than-perfect debut for the new season of Netflix Inc’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.

‘Squid Game’ stocks tank in Korea on Netflix new season letdown

Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.

PAS'&nbsp;move to 'politicise' the recent Christmas celebration&nbsp;at the Ministry of Housing and Local Government was&nbsp;disrespectful to the rights of Malaysia’s multiracial and multi-religious society, according to three DAP leaders.

DAP leaders criticise PAS for 'politicising' Christmas celebration

PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.

The initial public offering (IPO) of its 27.53%-owned associate has been registered with the US Securities and Exchange Commission though the terms such as pricing, number of shares to be offered, and timetable for the public offering were not disclosed.

PUC’s associate Pictureworks files for IPO on Nasdaq in US

Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.

Brazil says workers at China's BYD site are victims of human trafficking

The Human Rights Commission of Malaysia (Suhakam) expresses its deep concern over the decision of the Terengganu Shariah Court in the case of Mohd Affendi Awang, a 42-year-old carpenter, who was sentenced to six lashes in public, after being convicted of repeated khalwat (close proximity) offences under Section 31(a) of the Shariah Criminal Offences (Takzir) (Terengganu) Enactment 2022. This punishment undermines human rights, dignity, and the rule of law. The commission takes note that whipping under shariah laws is different from civil law. Be that as it may, the sentence not only constitutes cruel, inhuman, and degrading treatment, but also raises serious questions regarding the legality of public whipping under the Federal Constitution and federal law.

Public whipping in Terengganu: A violation of human rights and rule of law

The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.

IRB corporate services department director Noraini Mustafa said that the response has been very encouraging, particularly in Phase 1, with some companies originally scheduled for Phases 2 and 3 voluntarily participating earlier than required.

IRB says 114 million e-invoices received as of Dec 26

On Nov 20, the Kuala Terengganu Shariah High Court handed down the sentence of six lashes in public for repeated offences of khalwat (close proximity) against a carpenter named Mohd Affendi Awan.

Shariah whipping in public — does it exceed the Shariah Courts’ jurisdiction?

Penang, Johor, Selangor, Sarawak, and Kuala Lumpur dominated Malaysia’s exports, accounting for 83.8% of the total in November, said the Department of Statistics Malaysia (DOSM).

Penang, Johor, Selangor, Sarawak and KL the top exporters in November, data show

The Netherlands, Hong Kong and Japan are the top three foreign investors in Melaka, said Chief Minister&nbsp;Datuk Seri Ab Rauf Yusoh.

He said the Netherlands had invested RM8.4 billion, creating 2,505 job opportunities,&nbsp;while Hong Kong invested RM1.7 billion (1,230 jobs), and Japan invested RM1.296 billion (7,359 jobs).