<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 13): Newly-listed logistics company AGX Group Bhd (KL:<a href="/askedge/klse/0299" class="ce-stock" target="_blank">AGX</a>) said it entered into a deal on Wednesday to provide freight forwarding and customs brokerage services to Capital A Bhd’s (KL:<a href="/askedge/klse/5099" class="ce-stock" target="_blank">CAPITALA</a>) wholly owned maintenance, repair and overhaul (MRO) unit.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, AGX said its wholly owned subsidiary, AGX Logistics (M) Sdn Bhd, will provide the services to Asia Digital Engineering Sdn Bhd (ADE) round the clock for a two-year period.</p></div>

<div class=newsTextDataWrapInner><p>The agreement may be renewed for another one year after that.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The total value of the services agreement was not given, as according to AGX it is subject to the actual number of shipments.</p></div>

<div class=newsTextDataWrapInner><p>Shares of AGX closed unchanged at 60.5 sen, giving the company a market capitalisation of RM261.88 million. The stock has gained 72.9% from its listing price of 35 sen on Feb 7.<br />
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Newly-listed logistics company AGX Group Bhd (KL:AGX) said it entered into a deal on Wednesday to provide freight forwarding and customs brokerage services to Capital A Bhd’s (KL:CAPITALA) wholly owned maintenance, repair and overhaul (MRO) unit.

AGX to provide freight forwarding services to Capital A’s MRO unit

Stocks in Asia traded in tight ranges amid relatively thin holiday trading after a rally in some of the world’s largest technology companies boosted US benchmarks.

Asian stocks in narrow ranges after US tech boost

Oil prices were up on Tuesday in thin trade ahead of the Christmas Day holiday, with prices supported by US economic data and rising oil demand in India, the world's third-largest oil importer.

Oil prices up in thin pre-Christmas trade

Taiwan Semiconductor Manufacturing Co (TSMC) shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years.

TSMC shares touch record high, eyeing best year since 1999 on AI

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Australia’s balance of risks is tilted to the downside, including a potential stall in disinflation, the International Monetary Fund (IMF) said, calling on the government to avoid excessive spending.

Australia’s risks tilt to downside, IMF says, urging restraint

United Overseas Bank Ltd and Oversea-Chinese Banking Corp Ltd will give a one-off payment to junior employees globally for the second year in a row to alleviate ongoing cost-of-living concerns.

UOB, OCBC plan cost-of-living payout to junior staff in 2025

Corporate services provider Amicorp Group has denied allegations it knowingly facilitated more than US$7 billion (RM31.43 billion) in fraudulent transactions related to the misappropriation of funds from scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB).

Amicorp Group denies alleged fraud of over US$7b in 1MDB scandal

MORNING CALL: 24/12/24

China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.

China’s property stock rebound faces a reality check in 2025

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


KLCCP Stapled, Tuju Setia, Coastal Contracts, Powerwell, Prolintas, Malayan Flour Mills, Malakoff, Heitech Padu, Supercomnet, ECM Libra, Esthetics International 

<p>The Energy Commission (EC) was to inform winners of the fifth large scale solar bidding round (LSS5) beginning Monday, following nine months of deliberation since it was opened in April this year.</p>


Energy Commission says LSS5 bids finalised but mum on winners

<p>Singapore forged ahead with efforts to formulate a digital-assets hub in 2024, while rival financial center Hong Kong has struggled to gain traction.</p>


Singapore pulls ahead of Hong Kong in race to be crypto hub

<p>Stocks in Asia traded in tight ranges amid relatively thin holiday trading after a rally in some of the world’s largest technology companies boosted US benchmarks.</p>


<p>The Malaysian Communications and Multimedia Commission (MCMC) is taking immediate action to address scams relating to MyPR (Red IC) application on Facebook, said Deputy Communications Minister Teo Nie Ching.</p>


Deputy minister urges caution, vows swift action against red IC scams

<p>Corporate services provider Amicorp Group has denied allegations it knowingly facilitated more than US$7 billion (RM31.43 billion) in fraudulent transactions related to the misappropriation of funds from scandal-hit Malaysian state fund 1Malaysia Development Bhd (1MDB).</p>


<p>China’s real estate woes look set to get worse before they get better, raising the prospect of a miserable year for property shares despite a recent bounce.</p>


<p>A rally in some of the world’s largest technology companies spurred a rebound in stocks, following a brief slide fueled by weaker-than-expected data on US consumer confidence.</p>

<p>In a thin trading session at the start of a holiday-shortened week, the S&amp;P 500 finished near session highs. Nvidia Corp., Meta Platforms Inc. and Tesla Inc. drove a gauge of the “Magnificent Seven” megacaps up almost 1.5%.</p>


US stocks get boost from tech at start of Christmas week

<p>Nordstrom Inc is going private through an all-cash transaction valued at about US$6.25 billion (RM28.16 billion) in a bet by the founding family that the department-store company will be more successful without the scrutiny and demands of the public market.</p>


Founding family to take Nordstrom private in US$6.25 bil deal

<p>Walmart Inc and one of its financial technology partners allegedly opened expensive bank accounts for delivery drivers without their consent, a US consumer protection agency said on Monday.</p>


CFPB sues Walmart, fintech partner for illegal account openings

<p>Wall Street's main indexes were mixed at the start of a holiday-shortened week on Monday, after a stopgap government funding bill averted a partial shutdown and investors braced for a slower pace of rate cuts from the US central bank next year.</p>


Wall Street opens mixed as holiday-shortened week starts

<p>US consumer confidence unexpectedly sank in December for the first time in three months on concerns about the outlook for the economy amid uncertainty around the Trump administration’s policies.</p>


US consumer confidence falls as politics weigh on outlook

<p>Daiwa Securities Group Inc may need more time to achieve profit in China, according to the head of Japan’s second biggest brokerage, reflecting how investment banks continue to struggle on the mainland.</p>


Daiwa’s China venture may take longer to make profit, says CEO 

<p>New-home sales in the US rebounded last month as builders and consumers sealed deals that had been delayed by storms in the South, and buyers took advantage of heavy sales incentives.</p>

<p>Sales of new single-family homes increased 5.9% last month to a 664,000 annualised rate, according to government data issued on Monday.</p>


US new-home sales rebound in November after storm-stricken month

<p>The Canadian economy appeared to lose its strength towards the end of this year even as the central bank cut interest rates at a rapid pace.</p>

<p>Advance data suggested gross domestic product shrank 0.1% in November, the first monthly contraction this year, after 0.3% expansion a month earlier, Statistics Canada said on Monday.</p>


Canada’s economy shrank in November for first time this year

<p>Orders placed with US factories for business equipment rebounded in November, posting the strongest monthly advance in over a year.</p>


Orders for US business equipment rise by most in over a year

<p>South Korea's consumer sentiment dropped sharply this month to hit the weakest level in more than two years on growing worries about political uncertainty following parliament's impeachment of President Yoon Suk Yeol.</p>


South Korea consumer sentiment weakest since 2022 on political uncertainty

<p>Taiwan Semiconductor Manufacturing Co (TSMC) shares touched a record high, as the world’s largest contract chipmaker is poised to cap its best annual stock performance in 25 years.</p>


<p>Canadian Prime Minister Justin Trudeau, whose party looks set to lose power early next year, is under increasing pressure from his own legislators to step down and let someone else take over.</p>


Canada's Trudeau faces increasing pressure from his own MPs to quit

<p>Germany searched on Monday for answers on possible security lapses after a man drove his car into a Christmas market, killing at least five people and casting a renewed spotlight on security and immigration ahead of a snap election.</p>
