<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 29):&nbsp;Funding Societies has inked a strategic partnership with Halal Development Corp&nbsp;Bhd (HDC) to offer halal businesses access to shariah-compliant digital financing facilities, enhancing the development of the halal ecosystem.</p></div>

<div class=newsTextDataWrapInner><p>In a statement on Wednesday, the unified&nbsp;digital finance platform for small and medium enterprises in Malaysia and Southeast Asia said the collaboration supports the development of the local halal industry, and caters to the growing global halal market, which is forecast&nbsp;to be worth US$5 trillion (RM23.24 trillion) by 2030.</p></div>

<div class=newsTextDataWrapInner><p>It said that locally, the Halal Industry Master Plan 2030 projects Malaysia’s halal industry to grow to US$113.2 billion in 2030, and contribute 8.1% of gross domestic product (GDP) by 2025.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>As at 2022, total halal exports were valued at RM59.5 billion, with the halal industry contributing 7.4% of the country’s GDP.</p></div>


Funding Societies has inked a strategic partnership with Halal Development Corp Bhd (HDC) to offer halal businesses access to shariah-compliant digital financing facilities, enhancing the development of the halal ecosystem.

Funding Societies inks partnership with Halal Development Corp to develop halal ecosystem

The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.

Hannah Yeoh appeals dismissal of defamation suit against ex-IGP

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

TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.

Wall Street slips as rising yields pressure some shares 

Azerbaijan Airlines’ Embraer SA 190 aircraft was damaged by Russian air defence systems near Grozny before it crashed in Kazakhstan during an attempted emergency landing, according to Azerbaijan government-backed Caliber news website.

Azeri plane hit by Russian air defence before crash — report

YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.

EPF ceases to be substantial shareholder in YTL Power

Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.

Keyfield International issues maiden RM200m sukuk

The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.

Court awards RM1.8 mil to ex-security guard over medical negligence

EVENING 5: Base electricity tariff for 2025-2027 to be adjusted upward, says TNB

Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.

Finland boards oil tanker after internet and power cable outages

Recurring applications for US unemployment benefits rose to the highest in more than three years, adding to signs that it is taking longer for out-of-work people to find a job.

US continuing claims rise to highest in more than three years

<p>Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).&nbsp;</p>


TNB announces higher base electricity tariff for 2025-2027, raises capex to ensure reliable supply

<p>Tenaga Nasional Bhd (KL:TENAGA) said on Thursday that its unit has been shortlisted by the Energy Commission (EC) to develop a 500-megawatt (MWac) large-scale solar photovoltaic (PV) plant in Kuala Muda, Kedah.</p>


TNB among LSS5 winners, bags 500MW solar farm project in Kedah

<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) has appointed former Royal Malaysian Air Force (RMAF) chief Tan Sri Roslan Saad as its independent non-executive chairman.</p>


Boustead Heavy Industries names ex-air force chief as chairman

<p>Bird's nest processor MyMBN Bhd (KL:MBN) said the government has imposed a temporary suspension on the export of bird's nest products to China following the discovery of the Newcastle disease in Malaysia.</p>


MyMBN says bird's nest exports to China suspended due to Newcastle disease

<p>Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.</p>


Elon Musk’s go-to cost-cutter is working for DOGE 

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.</p>


<p>Jinjiang Group, a contractor for Chinese electric vehicle (EV) maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as "enslaved" was inconsistent with the facts and that there were translation misunderstandings.</p>


BYD contractor denies its construction site employees 'enslaved'

<p>CCK Consolidated Holdings Bhd (KL:CCK), a retail chain store and supermarket operator in Sabah and Sarawak, has declared its first-ever special dividend of five sen per share for the financial year ending Dec 31, 2024 (FY2024), payable Jan 22, 2025.</p>


CCK Consolidated declares first-ever special dividend of five sen

<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Teck Guan Perdana Bhd (KL:TECGUAN) said its third quarter net profit fell 34.3% to RM2.39 million from RM3.64 million a year ago, on lower revenue and a net loss on forward currency contracts amounting to RM4.33 million.</p>


Teck Guan's 3Q net profit falls 34% on lower revenue, loss on forward currency contracts

<p>Pan Merchant Bhd, a manufacturer of filters for solid liquid filtration and a provider of steel works and technical support services, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to expand its manufacturing plants, product development, business expansion and for working capital.</p>


Pan Merchant files draft prospectus for ACE Market listing

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.</p>


FBM KLCI rises 0.67% to 1,613.70 on Dec 26, 2024

<p>Kawan Renergy Bhd co-founder and managing director Lim Thou Lai has pared his stake in the ACE Market-listed engineering services firm to 67.03%.</p>


Kawan Renergy MD Lim Thou Lai trims stake to 67%

<p>Finnish authorities said they had boarded and taken control on Thursday of an oil tanker travelling from Russia, on suspicion it had caused the outage on Wednesday of an undersea power cable and three internet lines connecting Finland and Estonia.</p>


<p>Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, said on Thursday that its wholly owned unit has received an adjudication claim from its subcontractor, seeking to recover an outstanding amount of RM2.59 million.</p>


Taghill unit faces adjudication claim from subcontractor

<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


<p>The National Institute of Occupational Safety and Health (Niosh) recommends that regular maintenance be mandatory for all heavy vehicles with strict supervision by the Computerised Vehicle Inspection Centre (Puspakom) to ensure they are roadworthy.</p>


Strict enforcement, heavy fines against heavy vehicles failing to comply with safety standards, says Niosh

<p>The Malaysian Anti-Corruption Commission (MACC) aims to focus on eradicating corruption in procurement, enforcement and grand corruption to help the country's economy, reduce leakages and return misappropriated national assets and money next year.</p>
