<div class=newsTextDataWrapInner>SINGAPORE (Feb 20): Singapore Airlines has reported a quarterly record revenue of S$5.08 billion (RM18.13 billion) for the 3QFY2023/2024 ended Dec 31, 2023, as demand for air travel rebounded in China, Hong Kong, Japan and Taiwan.</div>

<div class=newsTextDataWrapInner>The group says that this exceeded the S$5 billion mark for the first time in its history.</div>

<div class=newsTextDataWrapInner>For the full 9MFY2023/2024, the group recorded a revenue of S$14.24 billion, up 7.2% year-on-year, driven by a 20.2% increase in passenger flown revenue and partially offset by a drop in cargo flown revenue<a href="https://www.theedgesingapore.com/capital/results/singapore-airlines-posts-record-quarterly-revenue-508-bil-3qfy2024-north-asia-air" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

Singapore Airlines has reported a quarterly record revenue of S$5.08 billion (RM18.13 billion) for the 3QFY2023/2024 ended Dec 31, 2023, as demand for air travel rebounded in China, Hong Kong, Japan and Taiwan.

Singapore Airlines posts record quarterly revenue of S$5.08b for 3QFY2024, as North Asia air travel rebounds

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

MRT Corp begins tender process for Penang LRT contractor

KUALA LUMPUR (Dec 2): Former prime minister Datuk Seri Najib Razak said he was “extremely prejudiced [against]” by the Malaysian Anti-Corruption Commission (MACC) investigations into him in the 1MDB scandal, and said that it was akin to “blindfolding” him in a “fistfight”.

He said that ...

Anwar should understand, says Najib, claiming that he was metaphorically blindfolded and punched by MACC investigations

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI up 0.07% to 1,595.48 on Dec 2, 2024

The Ministry of Housing and Local Government (KPKT) has emphasised that local authorities (PBT) never recognised or permitted foreign nationals to operate as hawkers or small traders.

Govt never allowed foreigners to operate as hawkers or small traders, Dewan Negara told

Indonesia has yet to decide on any joint development areas with China in the South China Sea, its foreign minister said on Monday, seeking to allay concerns that a recent agreement with Beijing could compromise its sovereignty.

Indonesia says it has yet to agree to jointly develop South China Sea areas with China

Italy's tax system is skewed in a way that lets society's wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe's most indebted nations

How Italy's tax system got rigged for the rich

Devastating floods in Malaysia's northern states have submerged more than 38,000 hectares (93,900 acres) of paddy fields, farmers and authorities said, affecting major rice-producing areas and leaving farmers grappling with heavy losses.

More than 38,000 hectares of paddy fields damaged by floods in Malaysia

The nationwide flood situation is beginning to show signs of recovery, with the number of evacuees at temporary relief centres (PPS) seeing a downward trend, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Zahid sees signs of recovery from nationwide floods

KUALA LUMPUR (Dec 2): His Majesty Sultan Ibrahim, King of Malaysia, granted an audience to Timor-Leste Prime Minister Kay Rala Xanana Gusmão at Istana Negara on Monday.

King grants audience to Timor-Leste PM

The Department of Irrigation and Drainage (DID) and Tenaga Nasional Bhd (TNB) have activated their respective war rooms to monitor and manage flood situations nationwide, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

DID, TNB activate war rooms to monitor floods, ensure power supply — Fadillah

Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;

Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.

Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.

SimeProp inks data-centre lease agreement worth up to RM5.6b

Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.

Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;

CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.

Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.

Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.

LBS surges in early trade after disposal gain boosts earnings and special dividends

Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.

Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

1MDB-Tanore: Najib takes stand in his defence

Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.

However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.

Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.

Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.

Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally

Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war.

Malaysia urges firms from China to avoid using it to dodge US tariffs

Asian stocks rose for a second day, following gains on Wall Street last Friday. The dollar strengthened after US President-elect Donald Trump told BRICS nations not to&nbsp;create a currency&nbsp;to rival the greenback.

Asian stocks follow US gains; Treasuries drop

THE FBM KLCI is highly likely to end the year in the positive zone — the first time after three consecutive years of closing lower, barring any unforeseen circumstances that may unfold before the countdown to the new year.

Year to date, the benchmark index has risen almost 10%, although...

Is 1,700-level a reachable target for FBM KLCI?

Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.

Xin Hwa shares fall to record low despite early suspension lift of cargo transport unit’s licence

The US will launch on Monday its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, said two people familiar with the matter.