<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 24): Steel products manufacturer Eonmetall Group Bhd (KL:<a href="/askedge/klse/7217" class="ce-stock" target="_blank">EMETALL</a>) is looking to raise RM8.64 million by placing out up to 10% of its share base to fund its working capital.</p></div>

<div class=newsTextDataWrapInner><p>The group plans to issue up to 27.7 million shares to independent third parties at an issue price to be determined, according to the group’s bourse filing on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>Based on an indicative issue price of 31.18 sen per share, a 9.99% discount to the five-day volume-weighted average market price up to and including Sept 19 of 34.64 sen per share, the exercise is expected to raise RM8.64 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Among its working capital spending is the purchase of raw materials such as coils, coating powder and other manufacturing supplies, and operating and administrative expenses. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The private placement, with Interpac as the principal adviser and placement agent, is expected to be completed by the fourth quarter of 2024.</p></div>

<div class=newsTextDataWrapInner><p>Eonmetall's share price slipped 1.5 sen or 4.3% to close at 33 sen on Tuesday, bringing the group a market capitalisation of RM92 million.</p></div>


Steel products manufacturer Eonmetall Group Bhd (KL:EMETALL) is looking to raise RM8.64 million by placing out up to 10% of its share base to fund its working capital.

Eonmetall plans placement to raise RM8.64 mil for working capital

Unwavering craftsmanship, visionary innovation and a commitment to excellence — these are the qualities that have solidified The Macallan as the preeminent name in the world of Scotch whisky. As the house celebrates its milestone 200 years, it proudly showcases its well-storied history and legacy as well as its intent to further elevate the world of luxury spirits with more exceptional releases.

A story worth telling

LONDON (Dec 15): Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday, as it seeks to deepen ties in the region and build its global trade links after leaving the European Union (EU).

Britain joins trans-Pacific pact in biggest post-Brexit trade deal

A bold new chapter for Carlsberg Malaysia

KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.

IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

Asian stocks are set to fall on Monday ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilize markets. South Korean assets will be closely watched after President Yoon Suk Yeol was impeached. 

Australian shares slipped while futures in Hong Kong and mainland China pointed to losses while those in Japan gained.

Asian stocks set to fall ahead of China data dump

MORNING CALL: 16/12/24

A student of mine recently approached me, overwhelmed by the weight of juggling her responsibilities. She spoke about the pressure to meet her parents’ expectations, excel in her studies, maintain friendships and prepare for the demands of an unforgiving workforce. Her story is not unique. Across classrooms and boardrooms, young people face mounting pressures, and mental health challenges have become alarmingly common. This is where the collective responsibility of educators, employers and parents comes into play. Supporting students’ mental health and resilience requires a holistic approach, with all parties working together to help young people navigate these challenges and build the mental strength to thrive.

The resilience partnership: A collective approach to students’ mental health

The employment landscape in Malaysia has undergone a significant transformation. Companies are navigating a talent ecosystem that is influenced by digitalisation, flexible work arrangement (FWA) and a growing emphasis on the diversity, equity and inclusion (DEI) agenda.

TalentCorp champions diversity and sustainability as a beacon for Malaysia 

(Dec 16) : What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.

Boeing’s year of crisis leaves investors wary of beaten-up stock

Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams. 

HSBC received about 950 reports of unauthorized transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million ($14.6 million), according to an Australian Securities and Investments Commission statement Monday.

HSBC sued by Australian regulator for scam loss failures

<p>&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>

<p>From Morgan Stanley to JPMorgan Chase, roughly a half dozen sell-side strategists, are now forecasting the world’s reserve currency will peak as early as mid next year before starting to decline, with Societe Generale seeing the ICE US Dollar Index falling 6% at the end of next year.&nbsp;</p>


Dollar’s trump-fuelled gains face a reality check late next year

<p>Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>

<p>HSBC received about 950 reports of unauthorized transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million ($14.6 million), according to an Australian Securities and Investments Commission&nbsp;statement&nbsp;Monday.</p>


<p>Asian stocks are set to fall on Monday ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilize markets. South Korean assets will be closely watched after President Yoon Suk Yeol was&nbsp;impeached.&nbsp;</p>

<p>Australian shares slipped while futures in Hong Kong and mainland China pointed to losses while those in Japan gained.</p>


<p>KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;</p>


<p>South Korea’s currency and its stock market will take center stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>

<p>The Korean won will be the main focus for traders, after its heavy losses during the country’s&nbsp;recent political chaos.</p>


Korean won, stocks take spotlight after impeachment vote

<p>(Dec&nbsp;16) :&nbsp;What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>


<p>Unwavering craftsmanship, visionary innovation and a commitment to excellence — these are the qualities that have solidified The Macallan as the preeminent name in the world of Scotch whisky. As the house celebrates its milestone 200 years, it proudly showcases its well-storied history and legacy as well as its intent to further elevate the world of luxury spirits with more exceptional releases.</p>


<p>The employment landscape in Malaysia has undergone a significant transformation. Companies are navigating a talent ecosystem that is influenced by digitalisation, flexible work arrangement (FWA) and a growing emphasis on the diversity, equity and inclusion (DEI) agenda.</p>


<p>LONDON (Dec 15): Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday, as it seeks to deepen ties in the region and build its global trade links after leaving the European Union (EU).</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>


In pursuit of ESG excellence through green practices and workplace wellness

<p>A student of mine recently approached me, overwhelmed by the weight of juggling her responsibilities. She spoke about the pressure to meet her parents’ expectations, excel in her studies, maintain friendships and prepare for the demands of an unforgiving workforce. Her story is not unique. Across classrooms and boardrooms, young people face mounting pressures, and mental health challenges have become alarmingly common. This is where the collective responsibility of educators, employers and parents comes into play. Supporting students’ mental health and resilience requires a holistic approach, with all parties working together to help young people navigate these challenges and build the mental strength to thrive.</p>
