<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): Paragon Globe Bhd has proposed to acquire a freehold land in Johor Bahru for RM16.54 million, its Bursa Malaysia filing showed on Friday.</p></div>

<div class=newsTextDataWrapInner><p>The property developer said its wholly-owned subsidiary, PGB Iconic Sdn Bhd has entered into a sale and purchase agreement with Besview Holdings Sdn Bhd for the proposed acquisition.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“The acquisitions represent opportunities for the company to accumulate strategic land for investment purposes.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Furthermore, the acquisitions are coherent with the group’s objective to create greater economic value and further enhance its presence in the property market in Johor.</p></div>

<div class=newsTextDataWrapInner><p>“The acquisitions enhance financial security, facilitate wealth accumulation and align with the broader goal of securing the group’s financial future in a dynamic and ever-changing economic landscape,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the group said it will fund the proposed acquisition with internally generated fund and/or bank borrowings.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Paragon Globe finished unchanged at 19.5 sen, giving it a market capitalisation of RM145.6 million.&nbsp;<br />
&nbsp;</p></div>


Paragon Globe Bhd has proposed to acquire a freehold land in Johor Bahru for RM16.54 million, its Bursa Malaysia filing showed on Friday.

Paragon Globe buys land in Johor Bahru for RM16.54 mil 

The Malaysia Digital Investment Strategy (MDIS) (formerly Digital Investments Future5 Strategy or DIF5) has attracted investments totalling RM213.95 billion since its launch in 2021 until the third quarter of this year.

Malaysia’s digital investment strategy attracted RM214b in investments since 2021 — Gobind

The Malaysian Meteorological Department (MetMalaysia) has issued a warning of continuous heavy rain expected to occur in four states over the next three days, beginning Monday.

According to MetMalaysia, the affected areas include the entire states of Kelantan and Terengganu, as well as Hulu Perak in Perak. In Pahang, the warning covers the districts of Jerantut, Maran, Kuantan, Pekan and Rompin.

MetMalaysia issues heavy rain warning for four states

WASHINGTON (Dec 15): U.S. President-elect Donald Trump's administration will examine ways to impose higher costs on private actors and U.S. adversaries who wage cyber attacks on America, Trump's pick for national security adviser, Representative Mike Waltz, said on Sunday.

The comm...

US needs to do more make cyber attackers pay, Trump adviser says

PUTRAJAYA (Dec 16): Prime Minister Datuk Seri Anwar Ibrahim has appointed former Thai prime minister Thaksin Shinawatra as an informal adviser to assist with Malaysia’s chairmanship of Asean next year.

Anwar appoints ex-Thai PM Thaksin as informal adviser for Malaysia’s Asean chairmanship 2025

Emergency workers raced on Monday to find survivors and restore services to the French overseas territory of Mayotte, where hundreds or even thousands are feared dead from the worst cyclone to hit the Indian Ocean islands in nearly a century.

Rescuers searching for cyclone survivors in devastated Mayotte

China will promote stable growth in household income in 2025 by stepping up direct fiscal support to consumers and boosting social security, the state-run Xinhua news agency said on Monday.

China to boost direct fiscal support to consumers — report

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

Ningbo Deye Technology Co, a Chinese inverter producer, plans to invest up to US$150 million (RM667.5 million) in building a solar equipment manufacturing base in Malaysia.

Chinese inverter maker plans US$150m solar base in Malaysia

Malaysia and Thailand have reiterated their common position on issues concerning the South China Sea, urging all parties to respect the 1982 United Nations Convention on the Law of the Sea (Unclos), said Prime Minister Datuk Seri Anwar Ibrahim.

He said both leaders also underscored the importance of the full and effective implementation of the Declaration on the Conduct of Parties in the South China Sea (DOC) in its entirety and the early conclusion of an effective and substantive Code of Conduct in the South China Sea (COC).

Malaysia, Thailand call for peaceful resolution in South China Sea disputes

The United Arab Emirates is on a borrowing binge — and looks set to extend its debt-issuance spree well into the new year.

UAE binges on dollar debt with US$19b maturity wall looming

<p>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.</p>


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

<p>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.</p>


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

<p>TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market of Bursa Malaysia on Monday, as it raised close to RM18 million from its initial public offering (IPO).</p>


TopVision shares stage strong debut on ACE Market

<p>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.</p>


Supermax climbs to three-year high on active trade 

<p>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.</p>


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

<p>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.</p>


<p>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;</p>


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

<p>(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>


HSBC sued by Australian regulator for scam loss failures

<p>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;</p>


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

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


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

<p>(Dec&nbsp;16) :&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>


Dollar’s trump-fuelled gains face a reality check late next year

<p>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.</p>


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

<p>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.</p>


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

<p>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;</p>


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

<p>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.</p>


Perdana Petroleum secures anchor handling tug and supply vessel charter contract

<p>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.</p>


Advancecon clinches RM45 mil infra works job from Sime Darby Property 

<p>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.</p>


Misif urges the release of Independent Steel Committee’s study  

<p>(Dec&nbsp;16) :&nbsp;What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>
