<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 19):&nbsp;Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday:</p></div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI rises 1.53% to 1,648.70 on Aug 19, 2024

Shares of Petronas Dagangan Bhd (KL:PETDAG) rose on Tuesday after the fuel retailer reported a jump in quarterly profits that exceeded market expectations.

Petronas Dagangan's shares rise after better-than-expected quarterly results

The European Union is proposing to sanction several Chinese firms that it claims helped Russian companies develop attack drones that were deployed against Ukraine.

EU proposes to sanction Chinese firms aiding Russian war effort

US President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs.

Trump pledges tariffs on Canada and Mexico, more on China too

Issues surrounding the management of low-cost housing and civil servant quarters are among the topics to be discussed in the Dewan Rakyat on Tuesday.

Management of low-cost housing, govt quarters, focus of Dewan Rakyat on Tuesday

MORNING CALL: 26/11/24

South Koreans’ outlook for the economy deteriorated at the fastest pace in more than two years in November, according to a monthly central bank survey conducted after Donald Trump’s US election victory.

South Koreans’ economic outlook frays at fastest pace since 2022

Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.

Zoom raises annual revenue and profit forecasts, expands share repurchase

Stocks in Asia are poised to extend Monday’s gains as Donald Trump’s pick of Scott Bessent for Treasury Secretary lifted US bonds and shares, with traders betting the hedge-fund manager will bring a Wall Street mindset to the role.

Asian stocks to rise as US markets rally on selection of Bessent

Stocks climbed with bonds while the dollar fell as traders welcomed Donald Trump’s pick of Scott Bessent for Treasury Secretary, betting the hedge-fund manager will bring a Wall Street mindset to the role.

US stocks, bonds climb on Trump’s Treasury pick

Republican President-elect Donald Trump says he plans to fundamentally alter the US relationship with Nato during his second four-year term and rapidly bring the war in Ukraine to a close.

Trump's foreign policy: rethink Nato, troops to Mexico, end Ukraine war

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


IJM, RHB Bank, Affin Bank, Mr DIY, PetDag, KLCCP Stapled Group, S P Setia, IOI Properties, MPI, Hong Leong Industries, Gas Malaysia, Solarvest, Ho Hup Construction, Haily

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EVENING 5: Five things you need to know today

<p>SKP Resources Bhd, one of the Malaysian suppliers of British consumer goods company Dyson Ltd, said on Monday it is mindful of significant credit concentration risk that may arise from a major customer and is continuously seeking to diversify its customer base, as it reported a 26.89% year-on-year jump in its second quarter net profit on higher revenue.</p>


Dyson supplier SKP Resources says it's seeking to diversify customer base as 2Q profit jumps 

<p>US President-elect Donald Trump said on Monday that on his first day in office he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, citing concerns over illegal immigration and the trade of illicit drugs.</p>


<p>Republican President-elect Donald Trump says he plans to fundamentally alter the US relationship with Nato during his second four-year term and rapidly bring the war in Ukraine to a close.</p>


<p>Solarvest Holdings Bhd (KL:SLVEST) posted a 28.1% rise in net profit to RM9.2 million for its second quarter ended Sept 30, 2024 (2QFY2025), from RM7.2 million a year earlier, driven by improved margins from its commercial and industrial segment, supported by a reduction in solar panel costs.</p>


Solarvest posts 28% rise in 2Q net profit on improved margins

<p>Global airfares are set to become more expensive in 2025 even as gains moderate, according to an American Express Global Business Travel Group Inc forecast, with ticket prices reflecting higher costs and lingering supply-chain disruptions.</p>


Global airfares set to rise yet again in 2025, Amex report says

<p>Taliworks Corp Bhd’s (KL:TALIWRK) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) jumped 79.08% year-on-year to RM24.25 million from RM13.54 million a year ago, driven by higher revenue across all operating business segments.</p>


Taliworks’ 3Q net profit up 79% on growth across board, toll compensation; pays two sen dividend

<p>Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.</p>


Hong Leong Industries says 1Q profit rose on higher motorcycle sales, declares 25 sen dividend

<p>ITMAX System Bhd (KL:ITMAX) reported a 35.6% jump in its net profit for the quarter ended Sept 30, 2024 (3QFY2024), as its revenue climbed 48.54% year-on-year.</p>


ITMAX 3Q net profit jumps 36% to RM22.42 mil, revenue up 49%

<p>The benchmark S&amp;P 500 and the blue-chip Dow hit intraday record highs on Monday while the Nasdaq also advanced, with Scott Bessent's nomination as Treasury secretary in the incoming Trump administration boosting investor sentiment.</p>


S&P 500, Dow touch record highs as markets cheer Trump's Treasury pick

<p>The Umno supreme council has revoked the suspension of former Pasir Salak MP Datuk Seri Tajuddin Abdul Rahman’s membership in Umno with immediate effect.</p>


Tajuddin reinstated as Umno member after suspension lifted

<p>Ho Hup Construction Company Bhd (KL:HOHUP) has resolved a winding-up petition filed by its supplier, Joterix Sdn Bhd, over an alleged unpaid sum of RM184,438.80.</p>


Ho Hup Construction resolves winding-up petition amicably

<p>IOI Properties Group Bhd’s (KL:IOIPG) net profit fell 60.3% in the first quarter from a year earlier, no thanks to higher interest expense.</p>


IOI Properties posts weaker 1QFY2025 net profit as interest expense eats into margins

<p>Stocks in Asia are poised to extend Monday’s gains as Donald Trump’s pick of Scott Bessent for Treasury Secretary lifted US bonds and shares, with traders betting the hedge-fund manager will bring a Wall Street mindset to the role.</p>


<p>The government does not intend to allow vehicles owned by non-citizens to enjoy the RON95 subsidy, said the Ministry of Economy.</p>

<p>The ministry said the move was in line with the government’s objective to strengthen the country’s fiscal positition as stated in the 12th Malaysia Plan (12MP).</p>


Economy Ministry says govt will not allow non-citizen vehicles to enjoy RON95 subsidy 

<p>Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, has made further preparations for giving away his fortune after his death.</p>


Buffett refines plans for his fortune, donates more Berkshire shares

<p>Nvidia on Monday showed a new artificial intelligence model for generating music and audio that can modify voices and generate novel sounds <span jsslot=""><span>—</span></span> technology aimed at the producers of music, films and video games.</p>


Nvidia shows AI model that can modify voices, generate novel sounds

<p>Perak has good potential to be a contributor to the national economy compared to other states, Economic Affairs Minister Rafizi Ramli said.</p>


Perak has potential to contribute to national economy — Rafizi

<p>Zoom Video Communications raised its forecast for fiscal 2025 revenue and adjusted profit on Monday, anticipating robust demand for its online video conferencing software as it expands its product portfolio, and clients embrace hybrid working models.</p>
