<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 12): Upholstery furniture manufacturer Homeritz Corp Bhd (KL:<a href="/askedge/klse/5160" class="ce-stock" target="_blank">HOMERIZ</a>) has reported a fire incident at one of its production facilities in Muar, Johor, with the financial impact of the incident still under evaluation.</p></div>

<div class=newsTextDataWrapInner><p>The company said fire, which broke out at 8am on Thursday, affected one of the spraying lines and work-in-progress inventory while damage from the incident was confined to one block of the furniture factory building. The premises are owned by EISB, a wholly owned subsidiary of the group.</p></div>

<div class=newsTextDataWrapInner><p>“Other production facilities and factory buildings were not affected, and production activities are continuing as normal. The management of the company and EISB will ascertain the actual extent and quantum of the losses caused by the incident,” said Homeritz in a filing with Bursa Malaysia.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company said it will mitigate production disruptions by using a spraying line at another factory building located within the same district as the affected facility, to compensate for the temporary loss in capacity.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Homeritz closed one sen or 1.63% lower at 60.5 sen on Thursday, giving the company a market capitalisation of RM280.26 million. Year-to-date, the counter has appreciated by over 16%.</p></div>


Upholstery furniture manufacturer Homeritz Corp Bhd (KL:HOMERIZ) has reported a fire incident at one of its production facilities in Muar, Johor, with the financial impact of the incident still under evaluation.

Homeritz reports fire outbreak at facility in Muar, financial impact under assessment

Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has expressed satisfaction with the strong collaboration between BN and Pakatan Harapan (PH) throughout the 14-day campaign for the Ayer Kuning state by-election.

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There will be road closures and diversions around the Bukit Jalil National Stadium from 2pm on Saturday, in conjunction with the 2024-2025 Malaysia Cup final between Johor Darul Ta'zim and Sri Pahang FC.

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The Sarawak government has given an assurance that moves to merge the three main water boards in the state into one single entity will be more beneficial to all the employees.

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Some 34.06% of voters in the Ayer Kuning state by-election have fulfilled their responsibilities as of noon on Saturday to elect a new representative in the State Legislative Assembly for the constituency, according to the Election Commission.

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US President Donald Trump’s administration is putting pressure on Europe to ditch a rulebook that would compel developers of advanced artificial intelligence (AI) to follow stricter standards of transparency, risk-mitigation and copyright rules.

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China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this week.

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Google is the only company that can offer the level of features and functionality that its popular Chrome web browser has today, given its “interdependencies” on other parts of the Alphabet Inc unit, the head of Chrome testified.

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A Jeff Bezos-backed start-up aims to appeal to American car buyers’ patriotism and pocketbooks.

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Citadel founder Ken Griffin extended his criticism of the Trump administration’s trade policy, saying that tariffs won’t bring back American manufacturing jobs the way that the US president anticipates, and the country should play to its strengths instead.

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<p>US President Donald Trump suggested another delay to his higher so-called “reciprocal” tariffs is unlikely, raising pressure on nations to negotiate trade deals with his administration.</p>


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<p>US Federal Reserve (Fed) chair Jerome Powell used a gathering of finance chiefs from around the world to stress that central banks must be shielded from politics to ensure they can focus on keeping inflation stable and employment high, according to people who listened to his remarks.</p>


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<p>US President Donald Trump said he would “absolutely” sign a bill banning congressional stock trading, saying he is concerned lawmakers could be using insider information for an advantage.</p>


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<p>A shipment&nbsp;of Malaysian palm oil from Sabah totalling 100,000 tonnes entered the storage depot at the Port of Liverpool, England, on April 5, said Malaysian High Commissioner to the UK and Northern Ireland&nbsp;Datuk Zakri Jaafar.</p>


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<p>Most stock indices climbed on Friday, with Wall Street buoyed by technology-related shares, while the dollar had its first weekly rise in over a month as investors searched for signs that the US-China trade war may be easing.</p>


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<p>Some&nbsp;34.06% of voters in the&nbsp;Ayer Kuning state by-election have fulfilled their responsibilities as of noon on Saturday to elect a new representative in the State Legislative Assembly for the constituency,&nbsp;according to the Election Commission.</p>


<p>Malaysia seeks to maintain&nbsp;good ties with the US, said&nbsp;Finance Minister II&nbsp;Datuk Seri Amir Hamzah Azizan.</p>

<p>“Malaysia has always been a good economic partner to the US. That's why the US has always been among Malaysia's highest foreign investors.</p>


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<p>Citadel founder Ken Griffin extended his&nbsp;criticism&nbsp;of the Trump administration’s trade policy, saying that tariffs won’t bring back American manufacturing jobs the way that the US president anticipates, and the country should play to its strengths instead.&nbsp;</p>


<p>As Malaysia’s growth forecast is being revised downward in reflection of&nbsp;a broader global trend, Finance Minister II Datuk Seri Amir Hamzah Azizan&nbsp;is&nbsp;emphasising&nbsp;the importance of not being overly fixated on growth figures.&nbsp;</p>


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<p>Elon Musk’s xAI Holdings is in talks with investors to raise roughly US$20 billion (RM87.48 billion) in funding for his newly combined artificial intelligence (AI) start-up and social media business, according to people familiar with the matter.&nbsp;</p>


<p>China’s DiDi Global Inc&nbsp;is quietly recruiting new drivers in Hong Kong as it looks to grow outside of mainland China.</p>

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<p>US President Donald Trump’s administration is putting pressure on Europe to ditch a rulebook that would compel developers of advanced artificial intelligence (AI) to follow stricter standards of transparency, risk-mitigation and copyright rules.</p>


<p>Google is the only company that can offer the level of features and functionality that its popular Chrome web browser has today, given its “interdependencies” on other parts of the Alphabet Inc&nbsp;unit, the head of Chrome testified.&nbsp;</p>


<p>A Jeff Bezos-backed start-up aims to appeal to American car buyers’ patriotism and pocketbooks.&nbsp;</p>


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<p>Asean has consistently maintained a neutral stance in its relations with both the US and China, and this&nbsp;remains central to the region’s diplomatic approach, said Finance Minister II&nbsp;Datuk Seri Amir Hamzah Azizan.</p>


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<p>The Asean&nbsp;Power Grid (APG) is a pillar that can strengthen&nbsp;cooperation among&nbsp;the bloc’s member states, according to Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


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<p>China will take measures to achieve its annual economic growth target of around 5% despite escalating trade tensions and uncertainties, the country’s finance minister said in Washington earlier this week.&nbsp;</p>
