<div class=newsTextDataWrapInner>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</div>

<div class=newsTextDataWrapInner>According to a Friday statement, this will strengthen OCBC’s business pillars of banking, wealth management and insurance, and optimise its capital to enhance shareholder returns.&nbsp;</div>

<div class=newsTextDataWrapInner>The offer price of S$25.60 represents a<a href="https://www.theedgesingapore.com/news/company-news/ocbc-makes-privatisation-bid-great-eastern-2560-offer-price?utm_source=WeekdayEDM&amp;utm_medium=email&amp;utm_campaign=FREE" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Read also: 
<a href="https://theedgemalaysia.com/node/711044" target="_blank">Singapore’s OCBC posts record 1Q profit, lifts margin guidance for 2024</a></div>

SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.

Singapore’s OCBC makes privatisation bid for Great Eastern with S$25.60 offer price

The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim.

Electricity tariff adjustment won’t burden majority, says PM

The Thai government’s campaign to pressure the Bank of Thailand to cut interest rates suffered a significant setback, with the Office of the Council of State effectively ruling that the official nominee to be chairman, former finance minister Kittiratt Na-Ranong, is not suitable.

Thai govt suffers setback in bid to sway central bank

Prime Minister Datuk Seri Anwar Ibrahim has met former Thai prime minister Dr Thaksin Shinawatra to discuss several critical regional issues, including pioneering peace efforts in Southern Thailand and addressing the crisis in Myanmar.

Anwar meets Thaksin to discuss key regional issues

Malaysia's Foreign Ministry through the Embassy of Malaysia in Stockholm, is in constant communication with the Norwegian authorities to gather more information regarding a bus accident near Lake Åsvatnet on Dec 26 which reportedly involved passengers from several countries including Malaysia.

Malaysia sends consular team following bus accident in Norway

South Korea's parliament impeached acting President Han Duck-soo on Friday over a short-lived martial law, plunging the country deeper into political chaos, as the Constitutional Court said it would swiftly trial suspended President Yoon Suk Yeol.

South Korea's parliament impeaches acting president Han, as Yoon goes on trial

Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.

Brazil says workers at China's BYD site are victims of human trafficking

Osamu Suzuki, who ran Suzuki Motor Corp, known for its minicars and motorcycles, across several decades and drove the company’s global expansion, has died. He was 94.

Suzuki died of lymphoma on Dec 25, the company said in a statement.

Osamu Suzuki, who ran automaker for five decades, dies at 94

China's industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption.

China's November industrial profits narrow decline but 2024 likely worst year in decades

theedgemalaysia.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon close on Friday. Two stocks showed positive momentum, and another two stocks showed negative momentum.

Stocks with momentum on Dec 27, 2024: Samaiden, ECA Integrated, Willowglen, Meridian

Two sailors died after being struck by sail booms in separate incidents during the annual Sydney to Hobart yacht race as crews grappled with treacherous conditions across the notorious Bass Strait.

Two dead in Sydney-Hobart yacht race after being struck by sail booms

Shares of Tenaga Nasional Bhd (KL:TENAGA) rose on Friday to their new record high as analysts flagged potential earnings upside from implementation of Regulatory Period 4 (RP4).

Tenaga Nasional shares hit new record high as analysts flag upside from RP4

The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.

SC orders Bybit to disable website, apps in Malaysia for operating illegal crypto exchange

Shares of MyMBN Bhd (KL:MBN) fell on Friday to their lowest since listing 17 months ago, and below the initial public offering price, after the Malaysian government temporarily suspended bird's nest exports to China.

MyMBN shares slip to lowest on record after govt suspends bird's nest export to China

The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.

Bird flu virus shows mutations in first severe human case in US, CDC says

The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA).

Base electricity tariff adjustment reflects higher fuel costs, won't burden vulnerable groups, says Tenaga

Japanese Prime Minister Shigeru Ishiba's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the next fiscal year, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.

Japan's cabinet approves record budget, faces tough parliament fight

South Korea's parliament impeached acting President Han Duck-soo on Friday over a short-lived martial law, plunging the country deeper into political chaos, as the Constitutional Court said it would swiftly trial suspended President Yoon Suk Yeol.

Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to be measured in its interest rate cuts.

Asian stocks drift, yen at five-month low in thin year-end trading

US soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.

Soybean futures up as weather spurs short-covering; corn at six-month high

Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures.&nbsp;

Oil prices dip in thin trading on soft US data, natural gas outlook

PAS'&nbsp;move to 'politicise' the recent Christmas celebration&nbsp;at the Ministry of Housing and Local Government was&nbsp;disrespectful to the rights of Malaysia’s multiracial and multi-religious society, according to three DAP leaders.

DAP leaders criticise PAS for 'politicising' Christmas celebration

A less-than-perfect debut for the new season of Netflix Inc’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.

‘Squid Game’ stocks tank in Korea on Netflix new season letdown

Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.

The Human Rights Commission of Malaysia (Suhakam) expresses its deep concern over the decision of the Terengganu Shariah Court in the case of Mohd Affendi Awang, a 42-year-old carpenter, who was sentenced to six lashes in public, after being convicted of repeated khalwat (close proximity) offences under Section 31(a) of the Shariah Criminal Offences (Takzir) (Terengganu) Enactment 2022. This punishment undermines human rights, dignity, and the rule of law. The commission takes note that whipping under shariah laws is different from civil law. Be that as it may, the sentence not only constitutes cruel, inhuman, and degrading treatment, but also raises serious questions regarding the legality of public whipping under the Federal Constitution and federal law.

Public whipping in Terengganu: A violation of human rights and rule of law

PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.

The initial public offering (IPO) of its 27.53%-owned associate has been registered with the US Securities and Exchange Commission though the terms such as pricing, number of shares to be offered, and timetable for the public offering were not disclosed.

PUC’s associate Pictureworks files for IPO on Nasdaq in US

The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.

IRB corporate services department director Noraini Mustafa said that the response has been very encouraging, particularly in Phase 1, with some companies originally scheduled for Phases 2 and 3 voluntarily participating earlier than required.

IRB says 114 million e-invoices received as of Dec 26

Penang, Johor, Selangor, Sarawak, and Kuala Lumpur dominated Malaysia’s exports, accounting for 83.8% of the total in November, said the Department of Statistics Malaysia (DOSM).

Penang, Johor, Selangor, Sarawak and KL the top exporters in November, data show

On Nov 20, the Kuala Terengganu Shariah High Court handed down the sentence of six lashes in public for repeated offences of khalwat (close proximity) against a carpenter named Mohd Affendi Awan.

Shariah whipping in public — does it exceed the Shariah Courts’ jurisdiction?

As Covid swept across California in early 2020, pediatric infectious diseases physician Karin Nielsen grew alarmed by the crisis erupting in maternity wards. Pregnant women were placed on life support, undergoing emergency C-sections as the virus triggered severe complications. Some died.

Covid pregnancies may have boosted autism risk, small-group study shows

The Netherlands, Hong Kong and Japan are the top three foreign investors in Melaka, said Chief Minister&nbsp;Datuk Seri Ab Rauf Yusoh.

He said the Netherlands had invested RM8.4 billion, creating 2,505 job opportunities,&nbsp;while Hong Kong invested RM1.7 billion (1,230 jobs), and Japan invested RM1.296 billion (7,359 jobs).