<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 25): Energy-related services provider Reservoir Link Bhd will form a joint venture (JV) company to undertake a 29.99 MWac ground mounted solar photovoltaic (PV) project in Kedah.</p></div>

<div class=newsTextDataWrapInner><p>The group via its wholly-owned unit Reservoir Link Renewable Sdn Bhd (RLR) had on March 20 inked a shareholders’ agreement with Japan-based Sumitomo Corporation (SC), MAQO Engineering Sdn Bhd (MESB) and SRM Utama Selambau Sdn Bhd (SUS) to undertake the project, according to Reservoir Link’s bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>SC will hold 49% equity interest in the JV company, with RLR holding 29% and MESB the remaining 22% stake.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SC is a Fortune 500 global trading and business investment company with presence in 108 locations abroad and 20 locations in Japan. The company conducts commodity transactions in all industries utilising worldwide networks, provides related customers with various financing, and serves as an organiser and a coordinator for various projects.</p></div>

<div class=newsTextDataWrapInner><p>MESB is a solar power company and solar panel installer in Malaysia that provides clean energy to residential home owners to full-scale commercial and industrial solar energy systems and solar farm projects.</p></div>

<div class=newsTextDataWrapInner><p>At Monday’s noon break, shares of Reservoir Link stood at 31.5 sen, giving it a market value of RM98.24 million.</p></div>


Energy-related services provider Reservoir Link Bhd will form a joint venture (JV) company to undertake a 29.99 MWac ground mounted solar photovoltaic (PV) project in Kedah.

Reservoir Link to form JV company to undertake solar PV project in Kedah 

Former prime minister Datuk Seri Najib Razak has once again alluded to the fabrication of his signature in 1Malaysia Development Bhd (1MDB)-related documents implicating him in the multibillion-dollar scandal.

1MDB-Tanore: Najib denies signature in documents, says there's no BOA meeting with Shahrol

(Dec 4): The bill may soon come due for millions of Southeast Asian solar panels imported duty-free into the US that haven’t been installed by a Dec 3 deadline.

Millions of stockpiled SE Asian solar panels in US face new tariff bill

Cryptocurrency speculators kept Bitcoin in sight of the landmark US$100,000 (RM444,292) level in anticipation of further steps to support the sector by US President-elect Donald Trump.

Bitcoin churns near US$97,000 as crypto awaits Trump’s next step

INCORPORATED in 2013, ACE Market-listed Sedania Innovator Bhd (KL:SEDANIA) may be seen as a newcomer to the consumer products landscape, but it has big ambitions.

The company, which has a market capitalisation of some RM52 million, aspires to be a disruptor in the fast-moving consumer g...

Sedania aims to disrupt FMCG giants’ hold on market 

KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim on Wednesday received a courtesy call from Australian Foreign Minister Penny Wong, who is currently in Malaysia to attend the 6th Malaysia-Australia Annual Foreign Ministers’ Meeting.

Anwar receives courtesy call from AU Foreign Minister Penny Wong

Tensions between China and the Philippines in the South China Sea have flared again after a string of fresh skirmishes, with Beijing urging Manila to stop provocations.

China-Philippines tensions flare again with new skirmishes

Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon ousted company veteran Pat Gelsinger, according to people familiar with the matter.

Intel evaluating outsiders for CEO role, including M'sia-born ex-board member Lip-Bu Tan — Reuters

KUALA LUMPUR (Dec 4): A total of 13% of the 477,571 borrowers registered with the Credit Counselling and Debt Management Agency (AKPK) have fully settled debts exceeding RM3.2 billion, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

MOF: 13% of AKPK borrowers fully settled RM3.2b debt

KUALA LUMPUR (Dec 4): theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Wednesday. Two stocks showed positive momentum, while four stocks showed negative momentum.

Stocks with momentum on Dec 4, 2024: Homeritz, Magni-Tech, Privasia, Reservoir Link, TH Plantations and Top Glove

Former prime minister Datuk Seri Najib Razak said that Datuk Shahrol Azral Ibrahim Halmi should be facing criminal charges like he is, instead of being the star prosecution witness in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial, as Shahrol, as the then chief executive officer of 1MDB, was the one who took steps to transfer US$700 million in 1MDB funds to a sham entity.

Najib: Shahrol, too, should be in the dock for 1MDB-Tanore

<p>A Singaporean couple wanted in connection with a corruption case in Singapore, and who had been on the run for 19 years, were arrested by the Malaysian Anti-Corruption Commission (MACC) on Tuesday.</p>


MACC arrests Singaporean couple who spent 19 years on the run

<p>Shares of Pentamaster Corporation Bhd (KL:PENTA) shot up as much as 22.6% to RM4.23 — a three-month&nbsp;high — after its 63.9%-owned subsidiary Pentamaster International Ltd voluntarily suspended trading of its shares on the Hong Kong Stock Exchange.&nbsp;</p>


Pentamaster shares jump 23% on trading halt of HK unit

<p>South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later, triggering a political crisis in Asia's fourth-largest economy.</p>

<p>The surprise declaration late on Tuesday ignited a standoff with parliament which rejected his attempt to ban political activity and censor the media, as armed troops forced their way into the National Assembly building in Seoul.</p>


South Korean president faces impeachment calls after martial law debacle

<p>KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim announced that the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement on Dec 9 this year, has been postponed to likely January 2025.</p>


PM: Signing of Johor SEZ agreement with Singapore likely postponed to January next year

<p>KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion transaction involving a&nbsp;listed company in the 1990s, according to a statement&nbsp;released by the tycoon to the media on Wednesday.</p>


Halim Saad says he is cleared in MACC probe on RM2.3b transaction from over two decades ago

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


Rise of the family office

<p>The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.</p>


Construction sector on track for best year since 2016 — RHB

<p>Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.</p>


JF Tech shares break out from four-year lows on US sales prospects

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


South Korea’s whirlwind stint in martial law jolts markets

<p>Jailed former prime minister Datuk Seri Najib Razak denied on Wednesday he had any personal interests in the PetroSaudi International Ltd (PSI) joint venture (JV), maintaining that what was done in 2009 was for national interests.</p>


Najib: I don’t have personal interests in PSI deals, quizzed Bakke and board over opening of JV account before approval

<p>Asian equities stumbled on Wednesday, while currencies were volatile, as traders scrambled to contend with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later.</p>


Asian stocks slip, rattled by South Korean political unrest

<p>Former prime minister Datuk Seri Najib Razak has denied ever telling then second finance minister Datuk Seri Ahmad Husni Hanadzlah to “not interfere” in matters of 1Malaysia Development Bhd (1MDB), refuting Husni’s claims that he had advised Najib against a US$1 billion joint venture (JV) with PetroSaudi International (PSI).</p>


1MDB-Tanore: Najib expresses disappointment in former second finance minister Husni's testimony against him

<p>Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon&nbsp;ousted company veteran Pat Gelsinger, according to people familiar with the matter.</p>


<p>Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer&nbsp;Pete Chareonwongsak.&nbsp;</p>


Capital A’s Teleport foresees record top line in FY2024 as daily parcels volume doubles from 1H

<p>Analysts are looking past VS Industry Bhd’s (KL:VS) weak first-quarter results, amid expectations of new sales orders, on top of the RM1.2 billion worth of orders at hand currently.</p>


Analysts look past VS Industry’s 1Q miss on optimism towards new orders

<p>KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.</p>


Magni-Tech shares jump in early trade on special dividends after 2Q came within expectations

<p>KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.</p>


1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

<p>Mitsubishi Corp&nbsp;has suffered a loss of more than US$90 million (RM402.10 million) in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter.</p>


Mitsubishi Corp lost US$90m in suspected copper fraud in China — Bloomberg

<p>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims&nbsp;to produce 500 units per month of an electric vehicle (EV) called eMO-II starting next year.</p>


Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV

<p>We refer to the Bill to amend the Communications and Multimedia Act 1998 that was tabled for a first reading in the Dewan Rakyat on Monday.</p>


New amendments to Communications and Multimedia Act a backdoor attempt to legislate fake news law, utter betrayal of promise to repeal — Lawyers for Liberty