<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 22): Cable support system provider United U-Li Corp Bhd (KL:<a href="/askedge/klse/7133" class="ce-stock" target="_blank">ULICORP</a>) has declared a third interim dividend of two sen per share for the financial year ending Dec 31, 2024 (FY2024).</p></div>

<div class=newsTextDataWrapInner><p>The dividend’s ex-date is Aug 5, and it is payable on Aug 28, according to the group filing with Bursa Malaysia on Monday.</p></div>

<div class=newsTextDataWrapInner><p>This brings its year-to-date dividends to six sen per share for FY2024. The group declared a total dividend of eight sen per share in FY2023, amounting to RM17.42 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>United U-Li recorded over a two-fold increase in net profit in 1QFY2024, mainly driven by higher revenue and higher profit margins from sales of goods, coupled with lower expenses from all its business divisions during the quarter under review.</p></div>

<div class=newsTextDataWrapInner><p>Net profit for the three months ended March 31, 2024 (1QFY2024) rose to RM8.57 million compared to RM4.19 million a year ago. Revenue for the quarter rose 6.64% to RM60.7 million from RM56.93 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in United U-Li have risen 31% year-to-date amid positive spillover effect from the construction stocks boom as cable support systems are widely used in buildings, manufacturing facilities and infrastructure projects.</p></div>

<div class=newsTextDataWrapInner><p>At the closing bell on Monday, United U-Li settled seven sen or 3.29% lower to RM2.06, valuing the group at RM450.77 million.<br />
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Cable support system provider United U-Li Corp Bhd (KL:ULICORP) has declared a third interim dividend of two sen per share for the financial year ending Dec 31, 2024 (FY2024).

The dividend’s ex-date is Aug 5, and it is payable on Aug 28, according to the group filing with Bursa Malaysia on Monday.

United U-Li declares third interim dividend for FY2024

Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.

Data centre land sales lift Crescendo's 3Q net profit

No decision has been made regarding electricity tariff hikes in Peninsular Malaysia as of now, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

No decision on electricity rate hike just yet, DPM Fadillah reiterates

JcbNext Bhd (KL:JCBNEXT) trimmed a 1.8% stake in Taiwan-listed company 104 Corp for T$133.93 million (RM18.11 million) as the digital marketing and advertising services firm continues to pursue its strategy to diversify its investment portfolio and reduce concentration risk.

JcbNext resumes paring stake in Taiwan-listed 104 Corp

The Entertainment and Places of Entertainment Control Enactment 2024, which will come into force in four days, will impose stricter regulations on entertainment activities in Kelantan.

With new enactment, Kelantan set to enforce stricter entertainment rules next year

Kim Loong Resources Bhd (KL:KMLOONG) reported its highest ever quarterly net profit of RM49.96 million in its third quarter ended Oct 30, 2024 (3QFY2025), helped by higher average selling prices in both its plantation and palm oil milling divisions.

Kim Loong sees FFB slipping in FY2025 after posting record quarter in 3Q

Paragon Globe Bhd’s (KL:PGLOBE) shareholders have approved the Johor-based property developer’s various land deals as well as its joint development with a unit of Tropicana Corp Bhd (KL:TROP).

Paragon Globe shareholders greenlight deals on land, development rights with Tropicana unit

Software services provider Nova MSC Bhd (KL:NOVAMSC) has decided not to proceed with subscription deals with two Singapore-based investment firms.

Nova MSC shelves subscription deal with Singapore firms, in talks with new potential investor

Cocoaland Holdings Bhd co-founder Lau Pak Lam has ceased to be a substantial shareholder in PUC Bhd (KL:PUC) after disposing of 100 million shares or a 3.6% stake in the digital payment solutions provider via a direct business transaction on Dec 23.

PUC changes substantial shareholders

German President Frank-Walter Steinmeier dissolved Parliament and set the country’s snap election for Feb 23, formally endorsing a timetable proposed by Chancellor Olaf Scholz after he pulled the plug on his ruling coalition last month.

German president dissolves Parliament and calls Feb 23 election

Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.

In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&D) in AI and semiconductor technologies.

Khazanah announces investments into ViTrox-backed Cambrian Fund and AI firm Syntiant Corp

<p>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).</p>


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

<p>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.</p>


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

<p>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.</p>


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

<p>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).</p>


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

<p>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.</p>


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

<p>Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.</p>

<p>In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&amp;D) in AI and semiconductor technologies.</p>


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


Electricity tariff adjustment won’t burden majority, says PM

<p>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.</p>


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

<p>The US dollar headed towards an almost 7% annual gain on Friday and Japan's yen for a fourth consecutive year of losses as traders anticipated robust US growth would make the Federal Reserve cautious on rate-cutting well into 2025.</p>


Dollar set for big annual gain as traders brace for high US rates

<p>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.</p>


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

<p>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.</p>


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

<p>PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.</p>

<p>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.</p>


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

<p>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.</p>


DAP leaders criticise PAS for 'politicising' Christmas celebration

<p>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.</p>


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

<p>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.</p>


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

<p>Oil prices rose slightly on Friday and were on track for a weekly rise, spurred by expectations economic stimulus efforts will prompt a recovery in China, while a stronger dollar capped gains.</p>


Oil prices set for weekly gain on China expectations

<p>The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.</p>

<p>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.</p>


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

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


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

<p>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.</p>


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

<p>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.</p>
