<div class=newsTextDataWrapInner><p>DUBAI (June 27): A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.</p></div>

<div class=newsTextDataWrapInner><p>No injuries or damage were reported in the incident, which occurred 84 nautical miles west of Yemen's port of Hodeidah, Ambrey added.</p></div>

<div class=newsTextDataWrapInner><p>The vessel was headed for city of Dammam in Saudi Arabia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The United Kingdom Maritime Trade Operations (UKMTO) also said it had received a report of the incident.</p></div>

<div class=newsTextDataWrapInner><p>International shipping has been disrupted by attacks in the region launched by Yemen-based Houthi militants since November.</p></div>

<div class=newsTextDataWrapInner><p>Many vessels have since opted to avoid the Red Sea route to the Suez Canal, taking the longer journey around the southern tip of Africa instead.</p></div>

<div class=newsTextDataWrapInner><p>The Iran-aligned Houthis say the attacks are in solidarity with Palestinians in the war between Israel and militant Islamist group Hamas.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Felyx Teoh</em></p></div>


A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.

No injuries or damage were reported in the incident, which occurred 84 nautical miles west of Yemen's port of Hodeidah, Ambrey added.

Ship reports being hit by projectile off of Yemen's Hodeidah, says Ambrey 

UUE Holdings Bhd (KL:UUE) surged 175% in its trading debut on Tuesday after the engineering firm’s initial public offering (IPO) on the ACE Market raised RM38.97 million.

UUE Holdings jumps 175% on ACE Market debut

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds three entities to Investor Alert List

Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating on the oil and gas sector with unchanged average Brent oil price forecasts at US$85 (RM400.96) per barrel (bbl) for 2024/2025.

HLIB stays overweight on oil and gas sector, names Dialog, Armada, Velesto as top picks

FRESH from a win in the Kuala Kubu Bharu by-election in May, Pakatan Harapan (PH) is seeking to ride that momentum to reclaim the Sungai Bakap, Penang, state assembly seat in the by-election on July 6. 

PH — that is its lynchpin, Parti Keadilan Rakyat (PKR) — held the seat for thre...

Run-up To Sungai Bakap By-Election: PH, PN wrestle on local issues, but Umno votes an unknown

BMI, a Fitch Solutions company, has retained its 2024 forecast that the Malaysian ringgit will appreciate later this year, rising from RM4.70/USD currently to RM4.55/USD by end-2024.

Ringgit to strengthen gradually in 4Q2024 — BMI

CGS International believes Beshom will need a compelling MLM product if it wants to see a return of peak level earnings

MORNING CALL: 2/7/24

Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp has been wealthier than the company’s co-founder.

Ballmer is richer than Gates, a first for Microsoft billionaires

Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.

Apple, Tesla lifts stocks to higher close in light pre-holiday trading

Global stocks edged higher in choppy trading on Monday, while US Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve (Fed) interest rate cut.

World stocks, US yields gain after French election results

The president of the US has been elevated to the status of "a king above the law." The occupant of the White House may order assassinations of political rivals without fear of prosecution. America's leader may now be insulated from criminal consequences for whatever he or she wants to do in office.

US Supreme Court liberals lament ruling making the president 'a king above the law'

<p>Four multinational firms with total investments of RM7 billion have ceased operations in Malaysia during the first half of 2024, according to Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Four multinational firms with investments totalling RM7b ceased operations in 1H2024 — Zafrul

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


TM, Southern Score, TNB, Vitrox, PUC, Kinergy Advancement, Heineken Malaysia, Country Heights

<p>UOB intends to continue collaborating with the Johor government to drive investment and trade into Malaysia, following the establishment of the Johor-Singapore special economic zone (SEZ).</p>


UOB committed to bringing investments into Malaysia after meeting with Johor MB

<p>Perdana Petroleum Bhd (KL:PERDANA) has announced the resignation of Datuk Hasmi Hasnan from its board of directors, effective Monday.</p>


Dayang chairman quits Perdana Petroleum's board

<p>The development and implementation of the Central Database Hub (Padu) system over three years from 2023 to 2025 is expected to cost RM85.27 million, said Economy Minister Rafizi Ramli.</p>


Padu expected to cost over RM85m over three years — Rafizi

<p>Country Heights Holdings Bhd (KL:CHHB) said on Monday that it is working closely with the Malaysian Department of Insolvency (MDI) to resolve the winding-up of its indirect wholly-owned subsidiary Mines Waterfront Business Park Sdn Bhd (MWBP) and return it to solvent status.</p>


Country Heights working to return Mines Waterfront Business Park to solvent status

<p>The US Supreme Court for the first time on Monday recognised that ex-presidents have immunity from prosecution for certain actions taken in office, as it threw out a judicial decision rejecting Donald Trump's bid to shield himself from criminal charges involving his efforts to undo his 2020 election loss.</p>


US Supreme Court rules Trump has immunity for official, not private acts 

<p>Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp has been wealthier than the company’s co-founder.</p>


<p>Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&amp;P 500 also eked out slight gains in light pre-holiday trading.</p>


<p>Global stocks edged higher in choppy trading on Monday, while US Treasury yields rose following France's historic elections and ahead of a string of economic data this week that could provide clues on the likelihood of Federal Reserve (Fed) interest rate cut.</p>


<p>Digital payment solutions provider PUC Bhd (KL:PUC) said it has entered into a deal to sell some of its software and intellectual property (IP) rights for RM22 million cash.</p>

<p>The group's subsidiary Presto Technology Sdn Bhd is disposing of the software and IP — which includes patents, copyrights and trade secrets — to G Solution Tech Sdn Bhd, according to PUC's filing on Monday.</p>


PUC to dispose of software, IP rights for RM22 mil

<p>Affin Bank Bhd (KL:AFFIN) on Monday said the company and its wholly-owned unit Affin Hwang Investment Bank Bhd have established a commercial paper (CP) and medium-term notes (MTN) programmes, with a combined value of RM5 billion.</p>


Affin Bank, Affin Hwang establish commercial papers and MTN programmes worth RM5b

<p>BMI, a Fitch Solutions company, has retained its 2024 forecast that the Malaysian ringgit will appreciate later this year, rising from RM4.70/USD currently to RM4.55/USD by end-2024.</p>


<p>Hong Leong Investment Bank (HLIB) Research has maintained its “overweight” rating on the oil and gas sector with unchanged average Brent oil price forecasts at US$85 (RM400.96) per barrel (bbl) for 2024/2025.</p>


<p>Banking stocks lifted the Dow, while semiconductor shares weighed on the Nasdaq on Monday as focus moves to labour market data due later in the week for cues on the Federal Reserve's monetary policy path.</p>


Banks lift Dow, semiconductor shares weigh on Nasdaq

<p>US manufacturing contracted for a third straight month in June and a measure of prices paid by factories for inputs dropped to a six-month low amid weak demand for goods, indicating that inflation could continue to subside.</p>


US manufacturing mired in weakness; prices paid gauge hits six-month low

<p>An elderly voter from Kampung Sungai Buaya here was pleasantly surprised when a political campaign visit to his home for the Sungai Bakap by-election revealed that Pakatan Harapan (PH) candidate Dr Joohari Ariffin was an old acquaintance.</p>

<p>Che Dan Razak, 85, took a moment to study Joohari's campaign poster before realising that they knew each other from his days as an imam at Masjid Kampung Besar and teaching religious studies in Sungai Bakap.</p>


Sg Bakap polls: Former imam delighted by unexpected reunion with Joohari

<p>A car hit pedestrians near Seoul city hall, killing six people and injuring at least eight, South Korea's Yonhap news agency reported, citing a police official, who said there could be more casualties.</p>

<p>A police official told <em>Reuters </em>officers were investigating at the scene, and declined to give further information.</p>


Six dead after car driven into crowd outside Seoul city hall

<p>The president of the US has been elevated to the status of "a king above the law." The occupant of the White House may order assassinations of political rivals without fear of prosecution. America's leader may now be insulated from criminal consequences for whatever he or she wants to do in office.</p>


<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>
