<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 6):&nbsp;Global semiconductor equipment billings contracted 2% year-on-year to US$26.4 billion (RM123.90 billion) in the first quarter of 2024, and dropped 6% quarter-on-quarter, according to Semi.</p></div>

<div class=newsTextDataWrapInner><p>The US-based microelectronics industry association released its latest&nbsp;Worldwide Semiconductor Equipment Market Statistics Report on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>SEMI president and chief executive officer Ajit Manocha said despite the slight dip in global semiconductor equipment billings, the industry remains strong and resilient.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Strategic investments and demand for advanced technology will catalyse the semiconductor equipment market’s return to growth," he said.</p></div>

<div class="my-row mt-3 mb-4">
<div class="my-column"><a class="mobx embedimg-icon" data-desc="" data-rel="ceolightbox" href="//myassets.theedgemalaysia.com/pics/2024/20240606semi1.png"><img alt="" src="//myassets.theedgemalaysia.com/pics/2024/20240606semi1.png" /></a></div>

<div class="my-column"><a class="mobx embedimg-icon" data-desc="" data-rel="ceolightbox" href="//myassets.theedgemalaysia.com/pics/2024/20240606semi.png"><img alt="" src="//myassets.theedgemalaysia.com/pics/2024/20240606semi.png" /></a></div>
</div>


Global semiconductor equipment billings contracted 2% year-on-year to US$26.4 billion (RM123.90 billion) in the first quarter of 2024, and dropped 6% quarter-on-quarter, according to Semi.

Global semicon equipment billings down 2% in 1Q to US$26.4b — data

The criminal appeal at the Court of Appeal for Muar Member of Parliament Syed Saddiq Syed Abdul Rahman is faced with another delay as the record of appeal, which contains the High Court judgement and is needed for the young politician’s defence team to prepare its grounds of appeal, is still not ready more than a year after his conviction.

Record of appeal in Syed Saddiq's graft case still pending, will drag on to 2025

Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

DNAA for Najib, Irwan? Parties to submit further on Wednesday

Singapore’s core inflation in October slowed to the weakest pace since December 2021, as heathcare and recreation price gains eased.

Singapore's core inflation at weakest pace in almost three years

Gold prices dropped over 1% on Monday, weighed down by profit-taking after a five-session rally, with further pressure from the announcement of fund manager Scott Bessent as the next US Treasury secretary.

Gold drops over 1% on profit-booking, Trump's Treasury secretary pick

Normally, a company should be able to fund its working capital from its operations. It is not healthy to keep operations running by using money from borrowings or funds kept for expansion.

Frankly Speaking: IPO proceeds should be returned if unused

THE corporate earnings reporting season for the quarter ended Sept 30 has started, with more companies releasing their financial results in the next two weeks. The general expectation is that domestic-centric firms will continue to see profit growth, in tandem with the robust economic expansion.<...

Watch out for the ringgit factor in 3Q corporate earnings

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December, plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

TMK Chemical to double capacity with new plant funded by IPO proceeds

The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

<p>Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.</p>


Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

<p>The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.</p>


High Court quashes Swatch seizure by Home Ministry

<p>Asian stocks rallied with US equity futures on Monday, while the dollar retreated against rivals as bond yields slid following the selection of fund manager Scott Bessent as the next US Treasury secretary, with investors expecting he will be a voice for markets in Washington.</p>


Stocks bounce, dollar slides with bond yields on Bessent pick

<p>The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).</p>


Court rejects Najib's application for permanent stay in IPIC trial

<p>The Indonesian sister company of Mr DIY Group (M) Bhd will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.</p>


Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

<p>IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.</p>


IJM Corp may acquire 50% stake in troubled UK construction firm JRL

<p>Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.</p>

<p>In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.</p>


Bursa boosted by RM250.6 mil investments from local institutions last week

<p>The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.</p>


<p>Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.</p>


<p>Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.</p>


<p>Sarawak is set to finalise the sale and purchase agreement for MASwings, a subsidiary regional airline of Malaysia Aviation Group (MAG), by next month, said Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak set to finalise MASwings acquisition by next month, says Abang Johari

<p>The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.</p>


Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

<p>The global frenzy in AI has turned an obscure Japanese company into a stock-market star.</p>

<p>Fujikura Ltd, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400% this year.</p>


AI boom makes 139-year-old cable company Japan’s hottest stock

<p>The US is using Taiwan to provoke a serious crisis in Asia, Russian Deputy Foreign Minister Andrei Rudenko told <em>TASS</em> news agency in remarks published on Sunday, reiterating Moscow's backing of China's stance on Taiwan.</p>


Russia says US using Taiwan to stir crisis in Asia

<p>Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.</p>


Miti: Malaysia to work with middle powers to address bifurcation of supply chain amid US-China trade war

<p>CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.</p>


Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

<p>The need for legislation on the dissemination of fake information, inefficiencies in the Radio Frequency Identification (RFID) system, and the standardisation of toll payments are among the issues set to be discussed in the Dewan Rakyat on Monday.</p>


Law on fake info, RFID inefficiencies among focus of Dewan Rakyat on Monday

<p>Sarawak Plantation Bhd (KL:SWKPLNT) is expected to see strong performance in the fourth quarter of 2024 on the back of rising crude palm oil (CPO) prices and operational improvements, said analysts.</p>

<p>According to Public Investment Bank (PublicInvest), Sarawak Plantation registered 9MFY24 core earnings of RM47.3 million, making up only 60% and 68% of its and consensus' full-year expectations, respectively.</p>


Sarawak Plantation set for strong 4Q on rising CPO prices — analysts

<p>The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.</p>


Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

<p>Economists expect Chinese exports to reach a historical high this year as customers rush to front-load orders given President-elect Donald Trump’s threat of higher tariffs when he takes office in January.</p>
