<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 30): Contract manufacturer Ge-Shen Corporation Bhd (KL:<a href="/askedge/klse/7197" class="ce-stock" target="_blank">GESHEN</a>) announced on Wednesday that it is selling a plot of industrial land in Johor for RM7.6 million.</p></div>

<div class=newsTextDataWrapInner><p>The land in Tebrau, measuring about 0.5 hectare, also has a factory sitting idle, Ge-Shen said in an exchange filing. The sale to Sim-Ray Engineering Sdn Bhd would provide the company an opportunity to unlock and realise the value of its investment in the property, Ge-Shen noted.</p></div>

<div class=newsTextDataWrapInner><p>“The proposed disposal may also strengthen its liquidity and cash flow position,” the company said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The price tag represents a discount of 8.4% from the market value of RM8.3 million of the property as appraised by Irhamy Valuers International Sdn Bhd based on recent transactions of similar properties.</p></div>

<div class=newsTextDataWrapInner><p>The proposed disposal will not affect existing operations but once completed by March 2025, the company will book a net gain of about RM5.28 million from the sale, Ge-Shen added.</p></div>


Contract manufacturer Ge-Shen Corporation Bhd (KL:GESHEN) announced on Wednesday that it is selling a plot of industrial land in Johor for RM7.6 million.

Ge Shen signs agreement to sell Johor industrial land for RM7.6m

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

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South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

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The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

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The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

MACC arrests four more suspects over loan bribery scandal

Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement on Saturday, the IRB noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.

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A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

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<p>Intel Corp&nbsp;shares jumped as much as 9.5% on Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.</p>


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<p>TikTok said it will be forced to “go dark” in the US on Sunday unless there is a clear statement from the Biden administration to service providers that are maintaining its availability.</p>


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<p>JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim’s visit to the UK has successfully attracted&nbsp;RM11 billion in potential investments across various sectors, including renewable energy and the digital economy.</p>


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<p>Outgoing Treasury Secretary Janet Yellen said her department will start taking special accounting manoeuvres as of Jan&nbsp;21 to avoid breaching the US debt limit, and urged lawmakers again to take steps to increase or suspend the statutory ceiling.</p>


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<p>Donald&nbsp;Trump's&nbsp;incoming US&nbsp;presidential administration plans to intensify immigration enforcement nationwide soon after he takes office on Monday, a person with knowledge of the plans said.</p>


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<p>Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.</p>


<p>Malaysians abroad should not underestimate the technological advancement, expertise and talent available back home, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am&nbsp;local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.&nbsp;</p>


<p>Chief Minister Chow Kon Yeow has denied recent claims in local media reports that the state government plans to increase hotel accommodation fees by up to 50% this year.</p>


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<p>Bitcoin appears to be back on track towards record highs with the second presidential inauguration of pro-crypto Donald Trump just days away.&nbsp;</p>

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<p>Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.</p>


<p>A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.</p>


<p>Bank of America Corp&nbsp;is divvying up a roughly US$1 billion (RM4.5&nbsp;billion) pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.</p>


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<p>The US Federal Reserve (Fed) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of climate risk that was launched in 2017.</p>


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<p>Starbucks Corp&nbsp;said it will eliminate some corporate positions, the latest chapter of chief executive officer Brian Niccol’s plan to rebuild the company.</p>

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