<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 1): Boutique property developer Bon Estates Sdn Bhd has signed a joint venture (JV) agreement with Zhuojian Associates Sdn Bhd, an investment holding company incorporated in 2003, for a 12-acre landed freehold development in Taman Melawati, Selangor, according to a press release on Jan 31.</p></div>

<div class=newsTextDataWrapInner><p>The signing ceremony took place alongside the developer’s pre-Chinese New Year open house event on Jan 28 at the Bon Estates Gallery in Bangsar, Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The new project will be Bon Estate’s first landed property development and more details will be shared in 2Q2024, according to the developer.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Its ongoing project, Bon Kiara in Mont’Kiara, Kuala Lumpur, is currently 65% taken up. The project offers 410 condominium units with built-ups ranging from 2,081 to 3,075 sq ft and priced from RM588 psf. It is slated for completion by 1Q2027.</p></div>

<div class=newsTextDataWrapInner><p>The company had previously completed its maiden project, The Estate South Bangsar, Kuala Lumpur, in May 2021, and handed over to buyers in August 2021. The project comprises 328 condominium units with built-ups ranging from 2,346 to 5,258 sq ft.<br />
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Boutique property developer Bon Estates Sdn Bhd has signed a joint venture (JV) agreement with Zhuojian Associates Sdn Bhd, an investment holding company incorporated in 2003, for a 12-acre landed freehold development in Taman Melawati, Selangor, according to a press release on Jan 31.

Bon Estates partners Zhuojian Associates in 12-acre landed project in Klang Valley

The current status of the government's efforts to eradicate extreme poverty and the mechanisms used to determine the categories are among the highlights of Tuesday's Dewan Rakyat session.

Efforts to eradicate extreme poverty among focus of Parliament for the day

Great Eastern now has till Jan 24, 2025 to comply with the free float rule. The extension was announced on Monday, two days before the company’s previous deadline of Oct 23.

Great Eastern to have till January 2025 to comply with free float rule

MORNING CALL: 22/10/24

Australia said on Tuesday it would bolster air and missile defence in a A$7 billion (US$4.7 billion or RM20.2 billion) deal with the US to acquire SM-2 IIIC and SM-6 long-range missiles for its navy.

Australia says US$4.7b long-range missile deal to boost deterrence

US Secretary of State Antony Blinken headed to the Middle East on Monday to launch another push for an elusive ceasefire, seeking to revive negotiations to end the Gaza war and defuse the spillover conflict in Lebanon.

Blinken heads to Middle East for new ceasefire push as Israel strikes Beirut

European natural gas prices surged to €40 (RM186) per megawatt-hour as tensions in the Middle East generated a fresh wave of market volatility.

Benchmark futures settled 2.1% higher on Monday, following gains for oil and offsetting last Friday’s losses. Markets are bracing for a possible escalation in hostilities between Israel and Iran that could spark a wider regional conflict, potentially affecting supplies of the heating fuel.

European natural gas prices jump as Israel prepares response following attacks

Most Asian shares were set for declines on Tuesday, after Wall Street stocks took a breather having notching their longest weekly rally this year.

Futures for benchmarks in Hong Kong, Shanghai and Sydney pointed to losses, though Tokyo shares were heading for small gains. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs. The S&P 500 fell 0.2%, with all of its major groups but technology pushing lower. The Dow Jones Industrial Average slid 0.8%.

Asian stocks set to decline after Wall Street dip

Stocks took a breather after notching their longest weekly rally this year, with traders gearing up for key earnings reports from Tesla Inc to Boeing Co and United Parcel Service Inc.

Following a relentless advance to all-time highs, equities dropped from nearly overbought levels. In another sign of how greed has trumped fear, the S&P 500 hasn’t suffered back-to-back losses in about 30 sessions. While a month with no consecutive down days may not sound like much, the current streak ranks among the very best since 1928, according to data compiled by SentimenTrader.

US stocks fall from record as earnings set to pick up

The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy powers ahead, according to Torsten Slok, chief economist at Apollo Management.

Apollo’s Slok sees rising chance Fed holding rates in November

Venezuela detained former oil minister Pedro Tellechea over the weekend as part of an internal purge at the state oil company after President Nicolás Maduro’s disputed reelection.

Tellechea, a technocrat from the petrochemical sector, served as oil minister until Aug 27, when he was replaced by Vice President Delcy Rodríguez.

Venezuela arrests former oil minister Tellechea in latest government purge

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


DNeX, PTT Synergy, MyEG, HeiTech Padu, AWC, Khee San, KIP REIT, CIMB, Alpha IVF

<p>Master Builders Association Malaysia (MBAM) said it is opposed to the government's plan to introduce mandatory Employees Provident Fund (EPF) coverage for non-citizen workers.</p>

<p>While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.</p>


Reconsider mandatory EPF coverage for foreign workers, contractors tell govt

<p>CIMB Thai Bank PCL, in which CIMB Group Holdings Bhd (KL:CIMB) owns a 94.83% stake, saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) surge by 62.1% to 595.67 million baht (RM76.77 million) from 367.42 million baht (RM47.33 million) in the same quarter a year ago, thanks to gains on financial instruments and higher operating income.</p>


CIMB Thai’s 3Q net profit up 62% y-o-y on gains from financial instruments, operating income

<p>The government will continue to provide various incentives to developers who are committed to the construction of affordable housing, including tax relief and access to more strategic properties, Deputy Prime Minister Datuk Seri Fadillah Yusof said.</p>


Govt to continue incentives for developers committed to affordable housing — Fadillah

<p>Wall Street's main indexes were subdued on Monday as investors took a breather after the previous week's rally, awaiting results from major companies that could influence whether markets would sustain their record highs or decline.</p>


Wall Street muted as investors pause ahead of big corporate earnings

<p>Most Asian shares were set for declines on Tuesday, after Wall Street stocks took a breather having notching their longest weekly rally this year.</p>

<p>Futures for benchmarks in Hong Kong, Shanghai and Sydney pointed to losses, though Tokyo shares were heading for small gains. That’s after equities in the US dropped from nearly overbought levels, following a relentless advance to all-time highs. The S&amp;P 500 fell 0.2%, with all of its major groups but technology pushing lower. The Dow Jones Industrial Average slid 0.8%.</p>


<p>China is on track to become the largest market for Russia’s pipeline gas this year, overtaking Europe after the Kremlin’s war against Ukraine capped flows of the fuel to the region.</p>


China is overtaking Europe as top market for Russia’s pipeline gas

<p>European natural gas prices surged to €40 (RM186) per megawatt-hour as tensions in the Middle East generated a fresh wave of market volatility.</p>

<p>Benchmark futures settled 2.1% higher on Monday, following gains for oil and offsetting last&nbsp;Friday’s losses. Markets are bracing for a possible escalation in hostilities between Israel and Iran that could spark a wider regional conflict, potentially affecting supplies of the heating fuel.</p>


<p>Stocks took a breather after notching their longest weekly rally this year, with traders gearing up for key earnings reports from Tesla Inc&nbsp;to Boeing Co&nbsp;and United Parcel Service Inc.</p>

<p>Following a relentless advance to all-time highs, equities dropped from nearly overbought levels. In another sign of how greed has trumped fear, the S&amp;P 500 hasn’t suffered back-to-back losses in about 30 sessions. While a month with no consecutive down days may not sound like much, the current streak ranks among the very best since 1928, according to data compiled by SentimenTrader.</p>


<p>Thames Water Utilities Ltd has officially started a process to raise at least £3.3 billion (RM18.52 billion) in equity that it needs to stay afloat.</p>

<p>The process started in the past week, meaning potential investors now have access to a data room that provides sensitive information about the company, according to a person familiar with the plans.</p>


Thames Water is said to start process to raise fresh equity — Bloomberg

<p>The chances that Federal Reserve officials will leave interest rates unchanged in November are mounting as the US economy powers ahead, according to Torsten Slok, chief economist at Apollo Management.</p>


<p>Venezuela detained former oil minister Pedro Tellechea over the weekend as part of an internal purge at the state oil company after President Nicolás Maduro’s disputed reelection.</p>

<p>Tellechea, a technocrat from the petrochemical sector, served as oil minister until Aug 27, when he was replaced by Vice President Delcy Rodríguez.</p>


<p>US&nbsp;Secretary of State Antony Blinken headed to the Middle East on Monday to launch another push for an elusive ceasefire, seeking to revive negotiations to end the Gaza war and defuse the spillover conflict in Lebanon.</p>


<p>Australia said on Tuesday it would bolster air and missile defence in a A$7 billion (US$4.7 billion or RM20.2&nbsp;billion) deal with the US to acquire SM-2 IIIC and SM-6 long-range missiles for its navy.</p>


<p>After more than four months of waging a public battle with activist investor Elliott Investment Management, low-cost pioneer Southwest Airlines Co may finally be headed towards a truce</p>


Southwest seeks truce with Elliott after major policy tweaks

<p>Great Eastern now has till Jan 24, 2025&nbsp;to comply with the free float rule. The extension was announced on Monday, two days before the company’s previous deadline of Oct 23.</p>
