<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 30): AMMB Holdings Bhd (AmBank Group)(KL:<a href="/askedge/klse/1015" class="ce-stock" target="_blank">AMBANK</a>)&nbsp;has granted&nbsp;financing facilities totalling RM115 million to Senibong&nbsp;Cove Development Sdn Bhd and RM78 million to JBB Builders (M) Sdn Bhd, the appointed contractors for the reclamation of 60.7 hectares&nbsp;of waterfront land in Senibong Cove, Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>The project is an extension of the Senibong Cove masterplan and expansion&nbsp;of landbank, to provide more high-quality designed homes in curated&nbsp;communities.</p></div>

<div class=newsTextDataWrapInner><p>“The project, which is expected to be completed in 2028, will involve the development of more than 4,000 high-end terraces, apartments,&nbsp;hotels and serviced apartments, retail, and customs and immigration clearance facility&nbsp;for private leisure craft and yachts,” the parties said in a joint statement on Monday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Spanning 87&nbsp;hectares, Senibong Cove is a luxury waterfront development in Johor Bahru, with an&nbsp;estimated gross development value of over RM5 billion.</p></div>

<div class=newsTextDataWrapInner><p>Ambank Group chief executive officer Jamie Ling said&nbsp;AmBank&nbsp;recognises the need for accessible financing options, to empower businesses&nbsp;in their efforts towards sustainable development.</p></div>

<div class=newsTextDataWrapInner><p>He added that&nbsp;the&nbsp;sprawling development&nbsp;is not only an investment in real estate, but also an investment in a more&nbsp;sustainable and inclusive future.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


KUALA LUMPUR (Sept 30): AMMB Holdings Bhd (AmBank Group)(KL:AMBANK) has granted financing facilities totalling RM115 million to Senibong Cove Development Sdn Bhd and RM78 million to JBB Builders (M) Sdn Bhd, the appointed contractors for the reclamation of 60.7 hectares of waterfront land in Senibong Cove, Johor Bahru.

AmBank grants RM193m financing for Senibong Cove project in Johor Bahru

CARLO Rino Group Bhd (KL:CRG) has adopted a cautious stance on the retail outlook as the group gears up for its listing transfer to the ACE Market from the LEAP Market on Dec 18.

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IT services provider Infomina Bhd (KL:INFOM) has accepted a purchase order valued at US$2.6 million (approximately RM11.6 million) for the provision of technology application, infrastructure operations, maintenance, and support services.

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TOKYO/SINGAPORE (Dec 16): Bitcoin surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect Donald Trump suggested he plans to create a US bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls.

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THE listing of TMK Chemical Bhd (KL:TMK) on the Main Market of Bursa Malaysia will take place on Thursday, Dec 12.

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KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on Monday morning, amid US’ efforts to boost nitrile-glove production there.

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theedgemalaysia.com highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Monday.

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Fuse Media, a Latino-owned entertainment company, has become the latest party to raise objections to the pending Skydance-Paramount merger, suggesting to a federal regulator that Paramount chair Shari Redstone would be overpaid in the deal, to the detriment of the media business.

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(Dec 16): Wealth managers are ramping up hiring in Hong Kong to cater to an inflow of mainland Chinese money.

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Lotte Chemical Titan Holding Bhd (KL:­LCTITAN) just can’t seem to catch a break.

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<p>YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.</p>


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<p>TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market on Monday, as it looked to raise close to RM18 million from its initial public offering (IPO).</p>


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<p>KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.</p>


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<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>


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<p>(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>


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<p>(Dec&nbsp;16):&nbsp;Asian stocks are set to fall on Monday, ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilise markets. South Korean assets will be closely watched after President Yoon Suk Yeol was&nbsp;impeached.&nbsp;</p>


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<p>Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.</p>


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<p>The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.</p>


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<p>(Dec&nbsp;16) :&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>


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<p>KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;</p>


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<p>China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.</p>


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<p>Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.</p>


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<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.</p>


<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>


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<p>KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;</p>


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<p>KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.</p>


<p>(Dec&nbsp;16) : South Korea’s currency and its stock market will take centre stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>


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<p>(Dec 16):&nbsp;Chinese President Xi Jinping dismissed internal divisions within the ruling Communist Party as unavoidable, while calling for greater efforts to instil&nbsp;discipline, according to newly disclosed remarks he made at an anti-graft meeting in January.</p>


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<p>PUTRAJAYA (Dec 16): Thailand’s Prime Minister Paetongtarn Shinawatra, who is on a two-day official visit to Malaysia, attended&nbsp;an official welcoming ceremony at Perdana Putra Complex&nbsp;here on Monday.</p>


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<p>SEOUL (Dec 16): South Korea’s Constitutional Court will begin on Monday reviewing the impeachment of President&nbsp;Yoon&nbsp;Suk Yeol over his Dec&nbsp;3&nbsp;martial law&nbsp;attempt, while investigators said they plan to question him this week.</p>
