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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: Korean firm to invest US$1 bil in Forest City to develop K-culture town</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<div class=newsTextDataWrapInner><p>Here’s a quick look at some of the stories that made headlines today.</p></div>

<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Korean investment firm GG56 Korea Ltd will invest US$1 billion (RM4.37 billion) in Forest City to <a href="https://theedgemalaysia.com/node/723688" target="_blank">develop </a>Malaysia’s first Korean Culture Town.</p></div>

<div class=newsTextDataWrapInner><p>2. SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, reported a 9% gain in net profit for the second quarter, thanks to higher prices and <a href="https://theedgemalaysia.com/node/723716" target="_blank">output </a>as well as better downstream margins.</p></div>

<div class=newsTextDataWrapInner><p>3. YTL Power International Bhd saw its net profit fall 5.6% on lower <a href="https://theedgemalaysia.com/node/723717" target="_blank">contributions </a>from its power generation and investment holding activities business segments.</p></div>

<div class=newsTextDataWrapInner><p>4. Malaysia Marine and Heavy Engineering Holdings Bhd swung to the <a href="https://theedgemalaysia.com/node/723638" target="_blank">black </a>in the second quarter thanks to cost recovery claims, sending its shares surging on Wednesday.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>5. Maxis Bhd posted a 8% rise in its second-quarter net profit thanks to <a href="https://theedgemalaysia.com/node/723625" target="_blank">higher </a>consumer service revenue and the enterprise business.&nbsp;<br />
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EVENING 5: Five things you need to know today

KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.

PM: Uplifting rural, impoverished urban areas a key federal priority

KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.

Bank Rakyat assures its system remains secure after attempted data breach on Sept 3

(Sept 16): Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd to Temu, who are already struggling to cope with a consumer crisis back home.

US crackdown on cheap Chinese goods adds to Temu, Shein woes

GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.

India gets US$386b funding for renewables target; Reliance, Adani pledge commitments

PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.

Central Europe factories and retailers shut in flood-hit areas

KUALA LUMPUR (Sept 16): The Unity Government released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).

Govt releases MOU drafts on allocations for Opposition MPs

KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.

Death of Lahad Datu doctor must be thoroughly investigated — health minister

(Sept 16): Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.

Singapore ready to make ‘bold changes’ to revive stock market

KUANTAN (Sept 16): The Sultan of Pahang Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.

Don’t let deviant teachings gain foothold in Pahang — Al-Sultan Abdullah

(Sept 16): The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.

Yen strengthens beyond 140 per dollar for first time since 2023

<p>ALOR SETAR (Sept 16): Dozens of Malaysian holiday-goers wishing to go to Thailand over the long weekend had their dreams crashed at the border gate due to passport issues, income tax arrears, customs tax, and unresolved old criminal cases.</p>


Dozens of Malaysian holiday-goers can’t cross to Thailand due to passport issues, tax arrears — Kedah Immigration director

<p>(Sept 16):&nbsp;Singapore is prepared to make “bold changes” to regulatory structures in an attempt to revive its languishing stock market, according to its second minister for finance.</p>


<p>(Sept 16):&nbsp;A brief recovery in Singapore new home-sales ran out of steam, as transactions fell to its lowest level since February.</p>


Singapore home sales plunge again due to lack of supply

<p>KUALA LUMPUR (Sept 16): The Unity Government&nbsp;released on Monday, drafts of the Memorandum of Understanding (MOU) to demonstrate its transparency in the negotiations regarding allocations for Opposition Members of Parliament (MPs).</p>


<p>KUANTAN (Sept 16): The Sultan of Pahang&nbsp;Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah on Monday said that he does not want any teaching that deviates from the Ahli Sunnah Wal Jamaah (ASWJ) Islamic faith to gain a foothold in the state.</p>


<p>(Sept 16):&nbsp;Washington’s envisioned clampdown on the tax-free import of Chinese goods imposes one more layer of uncertainty on consumer-sector mavens from Alibaba Group Holding Ltd&nbsp;to Temu, who are already struggling to cope with a consumer crisis back home.</p>


<p>(Sept 16):&nbsp;The yen advanced past the key psychological level of 140 against the dollar, as the Japanese currency extended its rally from the weakest point in nearly 38 years in July.</p>


<p>KUALA LUMPUR (Sept 16): The death of a doctor stationed in Lahad Datu, Sabah, must be thoroughly investigated, says Health Minister Datuk Seri Dr Dzulkefly Ahmad.</p>


<p>GANDHI NAGAR, Gujarat (Sept 16): Reliance and Adani, India's two biggest conglomerates, and other firms committed to help the country reach its goal of 500 gigawatts (GW) of clean energy by 2030, while financial companies vowed US$386 billion (RM1.66 trillion) in funding, the renewable energy minister said on Monday.</p>


<p>KUALA LUMPUR (Sept 16): Bank Rakyat assured that its banking system remains safe and always prioritises the interest of customers, following an allegation that went viral on social media recently.</p>


<p>PRAGUE/GDANSK (Sept 16): Factories and stores across central Europe shut down production lines and closed their doors on Monday due to flooding that has killed at least 10 people, forced tens of thousands to evacuate and submerged towns from Poland to Romania.</p>


<p>KOTA KINABALU (Sept 16): The federal government is determined to uplift the dignity of all states, particularly those in rural, remote and urban poverty-stricken areas, Prime Minister Datuk Seri Anwar Ibrahim said.</p>
