<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 29): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday:</p></div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 1.29% to 1,653.55 on Aug 29, 2024

(Nov 23): UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

The volume of goods sold in stores and online fell 0.7% month on month, the Office for National Sta...

UK retail sales fell more than expected amid budget anxiety

NEW YORK (Nov 22): The banks most reluctant to tap the U.S. central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve that turns the notion of bank emergency borrowing stigma on it...

New York Fed paper challenges notion of discount window stigma

ORLANDO, Florida (Nov 22): A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

Many strategists assume ...

America's $7 trillion cash stash isn't going anywhere

Cboe Global Markets Inc. said it is set to list the first cash-settled index options related to the spot price of Bitcoin, marking the latest addition of cryptocurrency-related securities to traditional exchanges.

Cboe to launch cash-settled Bitcoin ETF options as crypto booms

French defence and technology firm Thales said on Friday it was denying unspecified allegations after Britain's Serious Fraud Office (SFO) announced a joint investigation with French authorities into suspected bribery and corruption.

Thales denies wrongdoing as Anglo-French bribery probe hits shares

As the Association of South East Asian Nations (Asean) chair for 2025, Malaysia has a key role in strengthening the Asean community and tackling complex regional challenges, Foreign Minister Datuk Seri Mohamad Hasan said.

Malaysia to strengthen Asean community, tackle regional challenges as Asean chair 2025 — Mohamad

A weekly round-up of tanker and dry bulk market (Nov 22, 2024)

Baltic Exchange shipping updates: Nov 22, 2024

Here is a brief recap of some corporate announcements that made the news on Friday.

Allianz Malaysia, Bumi Armada, Bintulu Port, D&O, Sarawak Plantation, Favelle Favco, CSC Steel, BM Greentech, SkyWorld, Lagenda Properties, Solarvest, SMI, Icon Offshore, Top Glove, MNRB, Chin Hin Group Property

The S&P 500 and the Dow touched over one-week highs on Friday after data showed a still robust economy, while small-cap stocks outperfomed large-cap indexes.

The S&P flash PMI showed manufacturing activity stood at 48.8 in November, in line with estimates from a Reuters poll of economists.

S&P 500, Dow touch over one-week highs after business activity data

Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.

Vizione quits RM116 mil hotel construction job over alleged unpaid works

<p>Top Glove Corp Bhd (KL:TOPGLOV) has entered into a joint venture (JV) with US glove importer Tronex (Asia) Ltd, and Polywel International Trade Co Ltd for the production and distribution of high-density polyethylene (HDPE) gloves.</p>


Top Glove in JV for high density polyethylene glove biz

<p>Vizione Holdings Bhd (KL:VIZIONE) said its unit has served a notice to Inspirasi Langkawi Sdn Bhd to terminate its employment as main contractor for the development of a 14-storey hotel in Langkawi, claiming it had not been properly paid for its works so far.</p>


<p>The largest shareholder of South Malaysia Industries Bhd (KL:SMI) has called for an upcoming extraordinary general meeting (EGM) scheduled for Jan 9, 2025, to appoint six new directors to the company’s board, including former Perak police chief Datuk Pahlawan Mior Faridalathrash Wahid.</p>


SMI's largest shareholder calls for EGM to appoint six new directors including ex-Perak police chief

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


<p>Global investment conglomerate Bin Zayed International Group of Companies (BZI) has committed to investing US$2 billion (RM8.93 billion) in Malaysia over the next five years.&nbsp;</p>

<p>Bin Zayed International (M) Bhd managing director Datuk Seri Dr Shamir Kumar Nandy said as part of its strategic expansion plan, the group would tap into real estate, renewable energy and financial services to attract investments into the country.</p>


Bin Zayed International commits US$2 bil investment in Malaysia over next five years

<p>Sarawak Plantation Bhd (KL:SWKPLT) has announced a second interim dividend of 15 sen per share, as its latest third quarter net profit rose 14.6%, despite lower revenue, thanks largely to a higher fair value gain on its biological assets.</p>


Sarawak Plantation pays bumper 15 sen dividend as 3Q profit hits record

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EVENING 5: Five things you need to know today

<p>The government successfully saved almost RM1 million in the flight cost for the official delegation led by Prime Minister Datuk Seri Anwar Ibrahim to five countries recently, said Communications Minister Fahmi Fadzil.</p>


Fahmi: Govt saves nearly RM1 mil in Anwar's flight cost for visits to five countries

<p>Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over US President-elect Donald Trump a "huge concern".</p>


Germany's Merkel laments influence of big business on Trump

<p>ORLANDO, Florida (Nov 22):&nbsp;A record-high $7 trillion of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.</p>

<p>Many strategists assume ...

<p>MNRB Holdings Bhd (KL:MNRB), in which the Amanah Saham Bumiputera (ASB) holds a 41.88% stake, has appointed Datuk Rudy @ Rodzila Che Lamin as interim president and group chief executive officer (CEO) of the company, effective Friday.</p>


MNRB names Rudy Rodzila Che Lamin as interim president and CEO

<p>Offshore support vessel company Icon Offshore Bhd (KL:ICON) said on Friday it has signed definitive agreements for a slew of previously announced acquisitions worth over RM400 million.</p>


Icon Offshore signs definitive agreements for previously announced acquisitions worth over RM400m

<p>Melaka-based D&amp;O Green Technologies Bhd’s (KL:D&amp;O) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) was flat at RM18.25 million from a year earlier despite thinner gross margin.</p>


D&O posts flat 3Q net profit amid eroding gross margin, pays 0.3 sen dividend 

<p>Favelle Favco Bhd (KL:FAVCO) sank into the red in the third quarter — the crane manufacturer's first quarterly loss since listing back in 2006 — on foreign exchange loss.</p>


Favelle Favco falls to first-ever quarterly loss on forex loss

<p>Allianz Malaysia Bhd (KL:ALLIANZ), which provides both life and general insurance, saw its net profit dip 7.4% for the third quarter ended Sept 30, 2024 (3QFY2024), despite higher revenue, as certain expenses jumped while it recorded a drop in dividend income and lower fair value gains from investments.</p>


Allianz Malaysia's 3Q profit dips 7.4% as expenses jump

<p>Biomass boiler firm BM Greentech Bhd (KL:BMGREEN) reported a 55% jump in net profit for its second quarter ended Sept 30 (2QFY2025) to a record high of RM13 million from RM8.38 million a year earlier, driven by higher revenue.</p>


BM Greentech books record quarterly profit and revenue in 2Q

<p>Lagenda Properties Bhd (KL:LAGENDA) said on Friday that an indirectly owned subsidiary of the company has secured the right to develop a 139-acre land in Kota Tinggi, Johor, for RM99.62 million, cash. The final purchase price may still vary.</p>


Lagenda Properties secures right to develop another Kota Tinggi plot for RM99.62 mil

<p>Cradle Fund Sdn Bhd, the focal agency for Malaysia’s startup ecosystem, has partnered with digital securities exchange platform Kapital DX Sdn Bhd (KLDX) to provide Malaysian startups with an alternative avenue for fundraising.</p>


Cradle Fund partners KLDX to introduce alternative fundraising platform for startups

<p>Bintulu Port Holdings Bhd (KL:BIPORT), the operator of East Malaysia’s largest container port, reported a 13.68% drop in its third quarter net profit, mainly due to a jump in operating costs due to an increase in expenditure incurred on service contracts, as well as for repair and maintenance.</p>


Bintulu Port’s 3Q net profit down 13%, pays three sen dividend

<p>CSC Steel Holdings Bhd (KL:CSCSTEL) said on Friday its third quarter net profit fell 21% from a year earlier though the company is optimistic of rising prices and demand for steel ahead.</p>
