<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 13): Mulpha International Bhd (KL:<a href="/askedge/klse/3905" class="ce-stock" target="_blank">MULPHA</a>) on Monday said its indirect wholly-owned Australian subsidiary Mulpha Norwest Pty Ltd had accepted a cash advance facility of A$100 million (equivalent to approximately RM313.07 million) from National Australia Bank Ltd to refinance borrowings and for working capital.</p></div>

<div class=newsTextDataWrapInner><p>The cash advance comprises a revolving facility of A$90 million and a bank guarantee facility of A$10 million, according to Mulpha International's filing on Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>Mulpha Norwest's principal activity is property development.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Mulpha International’s net profit for the financial year ended Dec 31, 2023 (FY2023) rose 29% to RM109.54 million from RM84.88 million in the previous year, as revenue went up 23.7% to RM1.2 billion from RM970.92 million previously.</p></div>

<div class=newsTextDataWrapInner><p>Its shares closed up two sen or 0.84% at RM2.41 on Monday, with a market capitalisation of RM749.94 million.</p></div>


Mulpha International Bhd (KL:MULPHA) on Monday said its indirect wholly-owned Australian subsidiary Mulpha Norwest Pty Ltd had accepted a cash advance facility of A$100 million (equivalent to approximately RM313.07 million) from National Australia Bank Ltd to refinance borrowings and for working capital.

Mulpha's Australian unit secures A$100 mil cash advance facility to refinance borrowings, working capital

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI down 0.91% to 1,562.12 on Jan 15, 2025

Impeached South Korean President Yoon Suk Yeol was arrested and questioned by authorities on Wednesday in relation to a criminal insurrection investigation, saying he was only cooperating with what he called an illegal probe to avoid violence.

South Korean investigators question arrested President Yoon in insurrection probe

Pfizer Inc sold about 700 million shares in Haleon plc, representing a roughly 7.7% stake in the maker of Sensodyne toothpaste.

The deal raised around £2.5 billion (US$3.1 billion or RM13.8 billion) for the seller, which offered the shares through an accelerated placement with investors, according to terms seen by Bloomberg. The offering priced at £3.57 per share, marking a 2.8% discount from Tuesday’s closing price.

Pfizer further pares stake in Sensodyne toothpaste maker Haleon with £2.5b sale

(Jan 15): British recruiters issued profit warnings this week, saying economic and political jitters across Europe slowed permanent and temporary hiring by firms, and warned that conditions would likely remain subdued in the near term.

Financial and political upheaval in markets includi...

European hiring slowdown prompts profit warnings from UK recruiters

Armed conflict is the top risk in 2025, a World Economic Forum (WEF) survey released on Wednesday showed, a reminder of the deepening global fragmentation as government and business leaders attend an annual gathering in Davos next week.

Nearly one in four of the more than 900 experts surveyed across academia, business and policymaking ranked conflict, including wars and terrorism, as the most severe risk to economic growth for the year ahead.

Wars top global risk as Davos elite gathers for WEF in shadow of fragmented world

Bayer AG’s Monsanto unit stopped making toxic PCBs a half century ago, but the legal fallout lingers even as many of the building materials made with the chemicals are no longer used in US homes, schools and factories.

Bayer faces billions in payouts for decades-old toxic mess

Finland's Nokia said on Wednesday it had signed a multi-year patent licence agreement with Samsung, for the use of Nokia's video technologies in the South Korean company's televisions.

Under the agreement, Samsung will make royalty payments to Nokia, the Finnish company said in a statement.

Nokia signs multi-year patent licence agreement with Samsung

The High Court has set Feb 28 for the hearing of Israeli national Avitan Shalom’s application to stay the Sessions Court proceedings, pending the appointment of a certified Hebrew interpreter.

Judge K Muniandy fixed the date after Avitan’s lawyer Muhamad Aiman Haziq informed the court that the interpreter in the previous proceedings could not speak Hebrew.

Prosecution says Avitan Shalom’s application to stay proceedings moot, hearing set for Feb 28

Indonesia's central bank unexpectedly cut policy rates on Wednesday, resuming its monetary easing to prop up growth in Southeast Asia's largest economy despite financial market volatility that has sharply weakened the rupiah currency.

Indonesia’s central bank delivers surprise rate cut to support growth

Asean will be the clear beneficiary with winners in Malaysia, Vietnam, Indonesia and Thailand, assuming trade tensions continue to isolate the United States (US) and China, said RHB Investment Bank Bhd (RHB IB).

The investment bank said the key conviction in this scenario is for the US Fed Funds Rate to see a two to three-times cut by around 50 to 75 basis points reduction in 2025, thus depressing the global interest rate environment for the year ahead.

Asean poised to gain if US-China trade tensions escalate — RHB IB

<p>U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).</p>


U Mobile will struggle to roll out second 5G network, may even consider merger — analysts

<p>The Employees Provident Fund's (EPF) investment decisions, including the trading of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) shares, align with its broader investment objectives and are aimed at generating income required for dividend payments during the financial year.</p>


EPF says investment in MAHB to support dividend payouts

<p>Impeached South Korean President Yoon Suk Yeol was arrested and questioned by authorities on Wednesday in relation to a criminal insurrection investigation, saying he was only cooperating with what he called an illegal probe to avoid violence.</p>


<p>JOHOR BAHRU (Jan 15):&nbsp;A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.</p>


Ex-engineer loses RM9.47m in cryptocurrency investment scam

<p>MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.</p>


MN Holdings' key customer largely unaffected by AI chip curbs, says Phillip Capital

<p>KUALA LUMPUR (Jan 15): The five independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) have not been terminated, contrary to a statement made by Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal.</p>


MAHB: Five independent directors not terminated

<p>(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.</p>


Distressed Chinese companies face flurry of court hearings

<p>Affin Bank Bhd's (KL:AFFIN) ambitious branch expansion plan is expected to keep its cost-to-income ratio (CIR) elevated for the next few years, according to CGS International, which is reiterating its 'reduce' recommendation on the bank.</p>


Affin Bank's expansion plan will keep costs high for next few years, says CGS

<p>Malaysia’s exports could grow at a slower pace this year, due to impending higher US tariffs, though trade diversions could provide some cushion, according to think tank Socio-Economic Research Centre (SERC).</p>


Malaysia to take hit from Trump tariffs, but blow could be softened by trade diversion, says think tank

<p>Steel products maker Colform Group Bhd has priced its initial public offering (IPO) at 36 sen per share, which will gross up to RM60.63 million, ahead of its listing on the ACE Market.</p>


Steel products maker Colform fixes IPO price at 36 sen to raise over RM60m from ACE Market listing

<p>Global markets treaded water on Wednesday ahead of US consumer price data that could potentially shift the monetary policy outlook there, while investors waited to see if earnings of big banks would match sky-high expectations.</p>


Traders mark time ahead of US CPI, bank earnings

<p>New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalise on the sudden influx while walking a delicate line of moderating English-language content, sources told <em>Reuters</em>.</p>


Over half a million ‘TikTok refugees’ flock to China's RedNote, Reuters reports

<p>KUALA LUMPUR (Jan 15): Yinson Holdings Bhd’s (KL:YINSON) move to rope in foreign partners for its production unit would strengthen its own balance sheet and reduce the reliance on debt, analysts said.</p>


Yinson’s move to rope in foreign partners for unit is timely, will strengthen balance sheet, analysts say as shares rise

<p>KUALA LUMPUR (Jan 15): Plantation giant SD Guthrie Bhd (KL:SDG), previously known as Sime Darby Plantation, has announced the appointment of Tan Seri Datuk Seri Mohd Zuki Ali as its non-independent and non-executive director.</p>


EPF chairman Mohd Zuki Ali joins SD Guthrie board

<p>The notion of having economic powerhouse China settle the debts accumulated by troubled state strategic development firm 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd&nbsp;is "absurd", the High Court heard on Wednesday.</p>


China to settle 1MDB debt in 2016? 'Absurd,' says Najib

<p>U Mobile Sdn Bhd has inked a memorandum of understanding (MoU) with CIMB Bank Bhd to extend financing support for its upcoming 5G network roll-out.</p>

<p>The MOU marks the latest financing partnership between U Mobile and CIMB&nbsp;of which, in 2021, the bank participated in a RM1.2 billion facility to U Mobile, which was later upsized to RM1.4 billion in 2023.</p>


U Mobile inks MOU with CIMB to finance 5G network roll-out

<p>(Jan 15):&nbsp;Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.&nbsp;</p>


World readies for Trump tariffs even before his White House return

<p>Transport Minister Anthony Loke said he hopes the privatisation of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) can be finalised soon.</p>


Frustrated with MAHB's decision-making delays, Loke backs privatisation to boost efficiency

<p>Thailand may permit bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time as the country vies to nurture a digital-assets hub. &nbsp;</p>
