<div class=newsTextDataWrapInner><p>NARATHIWAT, Thailand (June 13): Thailand is expected to start&nbsp;the construction of a second bridge project&nbsp;connecting&nbsp;Sungai Golok and Rantau Panjang in April 2025.</p></div>

<div class=newsTextDataWrapInner><p>To be collectively known as the Twin Bridge, Narathiwat province governor Trakul Thotham said before construction&nbsp;begins, an environmental impact assessment (EIA)&nbsp;must be conducted.</p></div>

<div class=newsTextDataWrapInner><p>The EIA&nbsp;will commence next month, he added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The new bridge will serve as a second route for border crossing&nbsp;between Thailand and Malaysia.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>"I hope the construction of the second bridge connecting Sungai Golok, Narathiwat, and [Rantau Panjang], Kelantan, Malaysia, will improve tourism and trade between the two countries."&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Trakul told reporters this during the official visit of ambassadors of Organisation of Islamic Cooperation (OIC) member countries to southern Thailand.</p></div>

<div class=newsTextDataWrapInner><p>He said&nbsp;the second bridge will stimulate economic growth between Thailand and Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>The second Sungai Golok-Rantau Panjang bridge will be built with six lanes, parallel to the existing bridge, which is reportedly too narrow for large vehicles.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Thailand is expected to start the construction of a second bridge project connecting Sungai Golok and Rantau Panjang in April 2025.

To be collectively known as the Twin Bridge, Narathiwat province governor Trakul Thotham said before construction begins, an environmental impact assessment (EIA) must be conducted.

Construction of second Sungai Golok-Rantau Panjang bridge linking Thailand to Malaysia to begin in April 2025 — province governor

KUALA LUMPUR (June 26): Analysts remain upbeat on Gamuda Bhd (KL:GAMUDA), which recently reported stronger quarterly earnings, given its extensive overseas exposure and substantial order book.

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Malaysia's air passenger traffic recorded a significant 12.2% year-on-year (y-o-y) increase to eight million passengers in May, which was also a 0.8% month-on-month (m-o-m) rise, according to the Malaysian Aviation Commission (Mavcom).

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HEKTAR Real Estate Investment Trust (Hektar REIT) (KL:HEKTAR), which has several retail malls in its portfolio, could see the emergence of a new substantial unitholder.

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Pakatan Harapan (PH) candidate for the Sungai Bakap by-election Dr Joohari Ariffin admits that he bears a heavy responsibility to help the coalition recapture the seat.

Joohari, in a get-together with the media on Sunday, said that it admittedly put pressure on him because the seat was not held by PH and he needs to work hard to wrest back the seat, which was PKR's stronghold for three terms since 2008 before it was won by PAS in 2023.

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Bank Negara Malaysia (BNM) may take supervisory actions and impose penalties for violations of regulatory provisions under its supervision, following recent incidents of online banking service outages.

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KUALA LUMPUR (June 26): Datin Seri Rosmah Mansor has applied to recuse the High Court judge presiding over the 1Malaysia Development Bhd’s (1MDB) US$350 million (RM1.6 billion) lawsuit against her.

Rosmah seeks to recuse judge in 1MDB luxury items case

IOI Properties Group Bhd (KL:IOIPG) has received a proposal from its chief executive officer cum major shareholder Lee Yeow Seng to acquire his private vehicle Shenton 101 Pte Ltd for the redevelopment of Shenton House.

Yeow Seng has proposed that IOIPG acquire all or part of Shenton 101, his private vehicle that secured the commercial property in Singapore for S$538 million (RM1.9 billion) in a tender, according to a bourse filing. Works are scheduled to start at the end of 2025, the filing showed.

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The ringgit is expected to further improve against the US dollar in the last quarter of 2024 (4Q2024), said Deputy Finance Minister Lim Hui Ying.

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KUALA LUMPUR (June 26): The Gulf Cooperation Council (GCC) countries, Malaysia, Indonesia and Türkiye are becoming significant emerging-market (EM) debt issuers, according to Fitch Ratings.

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<p>Prolintas Infra Business Trust (KL:PLINTAS) units fell eight sen or 8.7% to 83 sen on Wednesday morning, following the resumption of trading at 10am, after the trust confirmed that the anti-graft agency had arrested some of its directors.</p>


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<p>Shares in Astro Malaysia Holdings Bhd&nbsp;(KL:ASTRO) fell to their lowest in five weeks, as analysts flagged tougher days ahead, after the pay-television operator reported weaker-than-expected first-quarter results.</p>


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<p>Shares in Nvidia surged nearly 7% on Tuesday, snapping out of a three-session tailspin that had erased about US$430 billion (RM2.02 trillion) from the artificial intelligence (AI) chipmaker's market value.</p>


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<p>Asian stocks stuttered in choppy early trade on Wednesday, as&nbsp;markets&nbsp;braced for a key US&nbsp;inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities.</p>


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<p>Felcra Bhd’s 14 subsidiaries have racked up total debt of RM1.21 billion, dragging on the cash-strapped state-owned company, said the Public Accounts Committee (PAC).</p>


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<p>The implementation of the Visa Liberalisation Plan (PLV), the proposal to allow non-Bumiputera students to enrol at Universiti Teknologi Mara (UiTM), and the value of the ringgit are among key issues to be discussed in the Dewan Rakyat session on Wednesday.</p>


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<p>KUALA LUMPUR (June 26): Shares of IOI Properties Group Bhd extended its decline to their lowest in seven weeks amid concerns of rising debt after the developer announced its chief executive has proposed the joint development of Shenton House in Singapore.</p>


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<p>Affluent Malaysians are making their money sweat. According to HSBC’s Affluent Investor Snapshot 2024, Malaysians are among the most invested in financial products compared with investors in 10 other markets.&nbsp;</p>


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<p>Well Chip Group Bhd — principally involved in the provision of pawnbroking services and the trading of jewellery and gold — aims to raise RM172.5 million from its initial public offering (IPO) exercise, ahead of its listing on the Main Market of Bursa Malaysia.</p>


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<p>Maybank Investment Bank (Maybank IB)&nbsp;has expanded its product offerings with the launch of its first structured warrants referencing the Hang Seng Index (HSI) futures contracts.</p>


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<p>OSK-SBI Venture Partners Ltd&nbsp;(OSK-SBI), a joint venture between OSK Ventures International Bhd (KL:OSKVI) and SBI Holdings&nbsp;Inc, has launched its second venture capital fund to invest in category-defining companies across Southeast Asia.</p>


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<p>Britain is in a deep investment hole. Public expenditure is due to fall regardless of who wins next month’s election, while business spending is also at a low ebb. To dig the country out of its investment crisis, the party that wins national elections on July 4 has a range of options that could fudge counterproductive fiscal rules.</p>


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<p>The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a <em>Bloomberg </em>survey of economists.</p>


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<p>Hong Leong Investment Bank (HLIB) has maintained its 'hold'&nbsp;rating for Astro Malaysia Holdings Bhd (KL:ASTRO) at 34 sen, with a lower target price of 30 sen (from 31 sen), saying Astro chalked in a soft showing with core earnings of RM23.2 million for the first quarter ended April 30, 2024 (1QFY2025), down 17% quarter-on-quarter&nbsp;or 68% lower year-on-year, coming in below house (11%) and consensus (13%) expectations.</p>


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<p>Indonesia's antitrust agency on Wednesday said in a statement that e-commerce firm Shopee had admitted to having violated a monopoly rule for its courier service in Indonesia.</p>


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<p>RHB Retail Research said MESB Bhd (KL:MESB) is posing a bullish setup after climbing above a key resistance.</p>

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<p>RHB Retail Research said CTOS Digital Bhd (KL:CTOS) is eyeing to extend the upside movement after testing the immediate resistance.</p>

<p>In a trading stocks note on Wednesday, the research house said the stock had charted a series of “higher highs” with “higher lows”, showing that the bullish momentum is strong.</p>


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<p>The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as retailers weighed and investors waited for crucial inflation data due out this week.</p>


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<p>KUALA LUMPUR (June 26): Google’s latest investment highlights Malaysia’s competitiveness, ease of doing business&nbsp;and growing importance as a regional hub for digital innovation, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.</p>


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<p>The felling of 90 high-risk trees recommended for removal around Kuala Lumpur is currently under way and expected to be completed by early July, according to Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa.</p>
