<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 25): Hong Leong Industries Bhd (KL:<a href="/askedge/klse/3301" class="ce-stock" target="_blank">HLIND</a>) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.</p></div>

<div class=newsTextDataWrapInner><p>Earnings per share increased to 44.66 sen from 27.86 sen in 1QFY2024, according to the group's exchange filing on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue grew 11.2% year-on-year to RM929.75 million from RM835.88 million on higher sales amid the increased market demand for motorcycles.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Hong Leong Industries declared an interim dividend of 25 sen per share, higher than the 20 sen dividend paid last year. It will be paid to shareholders on Dec 24.</p></div>

<div class=newsTextDataWrapInner><p>On its prospects, the group said it expects to achieve a satisfactory result for FY2025.</p></div>

<div class=newsTextDataWrapInner><p>"Motorcycle demand has improved and is expected to remain robust in the upcoming quarters. The group continues to manage production optimisation for a better mix and cost to sustain its performance,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Hong Leong Industries’ shares closed down two sen or 0.14% to RM13.88 on Monday, giving the group a market value of RM4.55 billion. Year-to-date, the stock is up 51%.</p></div>


Hong Leong Industries Bhd (KL:HLIND) said its net profit rose 60.3% to RM140.56 million in the first quarter ended Sept 30, 2024 (1QFY2025), from RM87.67 million a year ago, mainly driven by higher motorcycle sales and a RM12.6 million gain from a land disposal.

Hong Leong Industries says 1Q profit rose on higher motorcycle sales, declares 25 sen dividend

KUALA LUMPUR, (March 16): PKR information chief Datuk Fahmi Fadzil announced his candidacy on Sunday for the party’s vice-president post in the party elections in May.

Fahmi to contest PKR vice-president post

SINGAPORE (March 16): Singapore has established a taskforce to help Singaporeans and local businesses seize opportunities and reap the benefits of the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link.

Singapore sets up taskforce to seize opportunities from RTS Link

KUALA LUMPUR (March 16): Prime Minister Datuk Seri Anwar Ibrahim has urged the Economy Ministry to prioritise 10 key projects in Negeri Sembilan, particularly those related to flood mitigation.

Anwar urges focus on key projects in Negeri Sembilan, including Tuanku Jaafar Hospital 2

KUCHING (March 16): The interpretation of the law, including the quota of parliamentary seats in Sabah and Sarawak and the continental shelf, is expected to be finalised at the Malaysia Agreement 1963 Implementation Action Council  (MTPMA63) this May.

MA63: Interpretation of parliamentary seat quota, continental shelf to be finalised in May — Fadillah

KUALA LUMPUR (March 16): A civil servant was arrested in Ops Outlander, an operation targeting a syndicate involved in late birth registration, on suspicion of accepting bribes ranging from RM10,000 to RM15,000 for each birth certificate issued.

Ops Outlander: Civil servant held for receiving bribes of up to RM15,000 for birth certificates

PARIS (March 16): The stationing of peacekeeping troops in Ukraine, as proposed by Britain and France as part of a ceasefire agreement with Russia, is a question for Kyiv to decide and not Moscow, French President Emmanuel Macron said in an interview.

Not for Russia to decide on peacekeepers in Ukraine, Macron says

ATLANTA/BENGALURU (March 16): Tornadoes killed at least 33 people across several states in the US Midwest and Southeast on Saturday (March 15) night, CNN reported.

Tornadoes strike US South, killing 33 people amid rising risk, CNN says

3R issues: Police to submit investigation paper to AGC on Monday

3R issue: Police to submit investigation paper to AGC on Monday 

Nestled in the heart of Kuala Lumpur, TRX Residences is setting unprecedented standards for world-class, integrated urban living with a seamless blend of convenience, sustainability and connectivity.

TRX Residences: A masterpiece of integrated urban living in Kuala Lumpur

SHAH ALAM (March 16): DAP hopes that the government would amend the Federal Constitution within the next two years, to limit the tenure of the prime minister to 10 years.

Loke: DAP wants Federal Constitution to be amended to limit PM’s tenure to 10 years

<p>SHAH ALAM (March 16): Bagan member of Parliament (MP) Lim Guan Eng has been named the Democratic Action Party’s (DAP) adviser after securing a seat in the party’s Central Executive Committee (CEC) in what was widely regarded as one of the fiercest contests in the party’s history.</p>


Guan Eng named DAP adviser, Gobind Singh appointed party’s national chairman

<p>SHAH ALAM (March 16): DAP will relax the conditions on its elected representatives to receive awards or honours from sultans or state governors.</p>


DAP to ease conditions on accepting awards, titles for elected reps, says Loke

<p>SINGAPORE (March 16): With the legal fight within the board of City Developments Ltd (CDL) put behind, the company will give shareholders a proper account, according to group chief executive officer Sherman Kwek.</p>


CDL will give shareholders a proper account, says group CEO Sherman Kwek

<p>HONGKONG/BEIJING/BENGALURU (March 16): Chinese President Xi Jinping has declined an invitation to visit Brussels for a summit to mark the 50th anniversary of EU-China diplomatic ties, the <em>Financial Times </em>(<em>FT</em>) reported on Sunday.</p>


China's Xi declines EU invitation to anniversary summit, FT reports

<p>WASHINGTON/ADEN, Yemen (March 15): US&nbsp;President Donald Trump launched large-scale military strikes against Yemen's Iran-aligned Houthis on Saturday over the group's attacks against Red Sea shipping, killing at least 31 people at the start of a campaign expected to last many days.</p>


Trump launches large-scale strikes on Yemen's Houthis, at least 31 killed

<p>KUALA LUMPUR (March 16): The "major reshuffle" of the Democratic Action Party (DAP) Central Executive Committee (CEC) was aimed at giving more leaders the opportunity to showcase their abilities, said party secretary general Anthony Loke Siew Fook.</p>


DAP leadership’s 'major reshuffle' aims to showcase more party leaders, says Loke

<p>KUALA LUMPUR (March 16): The government remains committed to implementing the institutional reform agenda, including a proposed amendment to the Federal Constitution to cap the prime minister's term at 10 years.</p>


Anwar: Reform agenda to be implemented carefully, to avoid failure due to haste

<p>SHAH ALAM (March 16): DAP&nbsp;hopes that the government would amend the Federal Constitution within the next two years, to limit the tenure of the prime minister to 10 years.</p>


<p>HAVANA (March 15): Cuba's capital Havana plunged into darkness for a second night on Saturday, as efforts to restore power proceeded in fits and starts, with setbacks slowing progress and leaving several million still without electricity across the island.</p>


Cuba struggles to restore power to millions as night falls

<p>TAPAH (March 16): Perikatan Nasional (PN) will announce its candidate contesting in the Ayer Kuning state by-election after a special meeting on Thursday (March 20).</p>


Ayer Kuning polls: Perikatan Nasional to announce candidate after March 20 meeting

<p>CHENNAI (March 16): India's Zetwerk is considering a stock market listing within 24 months, at a time when the contract manufacturer is ramping up electronics production, its chief executive officer and co-founder said on Saturday (March 15).</p>


India's Zetwerk mulls public listing within two years, co-founder says

<p>FRANKFURT (March 16): The pay package of UBS chief executive officer&nbsp;Sergio Ermotti came in just above 15 million Swiss francs (US$17 million, or RM75.56 million) in 2024, Swiss daily <em>Blick</em> reported, not citing where it obtained the information.</p>


UBS CEO Ermotti to receive US$17 mil paycheque for 2024, Swiss daily Blick reports

<p>ATLANTA/BENGALURU (March 16): Tornadoes killed at least 33 people across several states in the US&nbsp;Midwest and Southeast on Saturday (March 15) night, <em>CNN</em> reported.</p>


<p>PARIS (March 16): The stationing of peacekeeping troops in Ukraine, as proposed by Britain and France as part of a ceasefire agreement with Russia, is a question for Kyiv to decide and not Moscow, French President Emmanuel Macron said in an interview.</p>


<p>3R issues: Police to submit investigation paper to AGC on Monday&nbsp;</p>


<p>KUALA LUMPUR (March 16): A civil servant was arrested in Ops Outlander, an operation targeting a syndicate involved in late birth registration, on suspicion of accepting bribes ranging from RM10,000 to RM15,000 for each birth certificate issued.</p>


<p>KUALA LUMPUR (March 16): Prime Minister Datuk Seri Anwar Ibrahim has urged the Economy Ministry to prioritise 10 key projects in Negeri Sembilan, particularly those related to flood mitigation.</p>


<p>SINGAPORE (March 16): Singapore has established a taskforce to help Singaporeans and local businesses seize opportunities and reap the benefits of the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link.</p>


<p>KUALA LUMPUR, (March 16): PKR information chief Datuk Fahmi Fadzil announced his candidacy on Sunday for the party’s vice-president post in the party elections in May. &nbsp;</p>


<p>KUCHING (March 16): The interpretation of the law, including the quota of parliamentary seats in Sabah and Sarawak and the continental shelf, is expected to be finalised at the Malaysia Agreement 1963 Implementation Action Council &nbsp;(MTPMA63) this May.</p>
