<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 7): FGV Holdings Bhd (KL:<a href="/askedge/klse/5222" class="ce-stock" target="_blank">FGV</a>) on Thursday said its indirect subsidiary FGV Bulkers Sdn Bhd is being sued for allegedly breaching an agreement for the supply of palm kernel shells.</p></div>

<div class=newsTextDataWrapInner><p>In a filing to Bursa Malaysia, the plantation giant said that the lawsuit was filed by South Asian International Distribution Sdn Bhd, seeking damages totalling RM90.84 million for losses incurred due to the alleged breach.</p></div>

<div class=newsTextDataWrapInner><p>FGV Bulkers is required to respond to the suit within 14 days, and a case management hearing is scheduled for Nov 20.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>FGV said FGV Bulkers is currently seeking legal advice and will make further announcements on any material development in the suit in due course.</p></div>

<div class=newsTextDataWrapInner><p>“The company does not expect that there will be any material operational and financial impact to FGV Bulkers and FGV from the suit for the financial year ending Dec 31, 2024,” FGV added.</p></div>

<div class=newsTextDataWrapInner><p>Shares of FGV closed up one sen or 0.88% at RM1.14 on Thursday, giving the group a market capitalisation of RM4.16 billion.</p></div>


FGV Holdings Bhd (KL:FGV) on Thursday said its indirect subsidiary FGV Bulkers Sdn Bhd is being sued for allegedly breaching an agreement for the supply of palm kernel shells.

FGV’s unit sued over alleged breach of supply agreement

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

South Korean court begins review of Yoon impeachment

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.

Grab stock’s big quarter has some analysts seeing further gains

KUALA LUMPUR (Dec 16): The Malaysia-China Summit 2024 (MCS 2024), set to be held here from Dec 17-19, has secured strong backing from prominent sponsors and partners.

Malaysia-China Summit 2024 gets strong backing from major organisations — Matrade chairman

(Dec 16): Germany is reaching a point of no return. Business leaders know it, the people in the country feel it, but politicians haven’t come up with answers.

That has set Europe’s largest economy on a path of decline that threatens to become irreversible.

Following five ...

Germany is unraveling just when Europe needs it most

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).

TopVision shares stage strong debut on ACE Market

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

Thai PM Paetongtarn Shinawatra accorded official welcome at Perdana Putra

Traditional and complementary medicine (T&CM) has been a cornerstone of healthcare across the globe, offering approaches grounded in centuries of accumulated wisdom. In Malaysia, T&CM is not just a tradition, it is a vibrant, evolving sector deeply woven into the fabric of the country’s m...

My Say: Opportunities for traditional and complementary medicine in Malaysia: inspired by nature, enriched by heritage

Having been in the red for almost a decade, Dataprep Holdings Bhd (KL:DATAPRP) told Bursa Malaysia last Thursday that it had proposed a share capital reduction to wipe off up to RM100 million in accumulated losses.

At the same time, the information and communications technology (ICT) co...

Frankly Speaking: Yet another private placement for Dataprep

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.

TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

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.

IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

<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>


<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>


MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

<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>


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

<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>


HSBC sued by Australian regulator for scam loss failures

<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>


Asia wary of Fed rate future, China data disappoints

<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>


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

<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>


Korean won, stocks take spotlight after impeachment vote

<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>


<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>


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

<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM471,944) in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve similar to its strategic oil reserve.</p>


Bitcoin surges above US$106,000 on strategic reserve hopes

<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>


<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>


<p>SEOUL (Dec 16):&nbsp;South&nbsp;Korean shares climbed on Monday to their highest level in more than two weeks, after parliament impeached President Yoon Suk Yeol over the short-lived martial law.</p>


South Korean shares at more than two-week high after president impeached

<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>


China's factory output up, but consumption still a drag

<p>On its website, SD Guthrie Bhd (KL:SDG) prides itself on being one of the world’s largest producers of certified sustainable palm oil. It has also been a member of the Roundtable on Sustainable Palm Oil since 2004.</p>

<p>It had been through the wringer, having to defend itself against allegat...

Frankly Speaking: No small offence

<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>


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

<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>


<p>KUALA LUMPUR (Dec 15): Umno&nbsp;Supreme Council member Tengku Datuk Seri Zafrul Tengku Abdul Aziz stressed that he has not yet made any decision regarding the rumours of him&nbsp;joining PKR.</p>


Zafrul: No decision made to join PKR

<p>TOKYO (Dec 16): Japan’s factory activity shrank for the sixth straight month on lacklustre demand, while the service sector extended gains in December, business surveys showed on Monday, highlighting the economy’s increasing reliance on services.</p>


Japan’s factory activity softens for sixth straight month, PMI shows

<p>The key macroeconomic focus at home this week is the November trade and inflation data, expected to be released by the Department of Statistics Malaysia on Dec 18 and 20 respectively. Bank Negara Malaysia is also due to release its latest foreign reserves data on Dec 20.</p>

<p>Internationally...