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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: ASB’s FY24 distribution at RM10.1 bil, highest since 2018</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<div class=newsTextDataWrapInner><p>Here’s a quick look at some of the stories that made headlines today.</p></div>

<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Amanah Saham Nasional Bhd, a wholly owned unit trust company of Permodalan Nasional Bhd, has declared a total income distribution of 5.75 sen per unit, amounting to a<a href="https://theedgemalaysia.com/node/738833" target="_blank"> total income payout</a> of RM10.1 billion for Amanah Saham Bumiputera, its highest since 2018.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>2. Amicorp Group said it would <a href="https://theedgemalaysia.com/node/738804" target="_blank">fight </a>1Malaysia Development Bhd’s claim of more than US$1 billion filed in the British Virgin Islands court.</p></div>

<div class=newsTextDataWrapInner><p>3. Prolintas Infra Business Trust said it has settled its <a href="https://theedgemalaysia.com/node/738917" target="_blank">dispute </a>with KL-Kuala Selangor Expressway Bhd over a cost-sharing agreement, for an undisclosed amount.</p></div>

<div class=newsTextDataWrapInner><p>4. Boustead Heavy Industries Corp Bhd shareholders have given the nod for the <a href="https://theedgemalaysia.com/node/738912" target="_blank">disposal </a>of its 51% equity stake in Contraves Advanced Devices Sdn Bhd to German defence firm Rheinmetall AG for RM54 million.</p></div>

<div class=newsTextDataWrapInner><p>5. Malaysia’s economy sustained strong <a href="https://theedgemalaysia.com/node/738867" target="_blank">growth </a>in the first three quarters of 2024, expanding by 5.2% from January to September, said the Department of Statistics Malaysia.</p></div>

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EVENING 5: Five things you need to know today

NEWS: Notti has its paw in the door of the pet food industry

China kept a key interest rate unchanged — a move widely expected by economists — as it seeks to keep its powder dry ahead of possible escalation in trade tensions with the US.

China keeps key rate steady with traders expecting cuts in 2025

The King and Queen of Malaysia, Sultan Ibrahim Sultan Iskandar and Raja Zarith Sofiah, have extended their Christmas greetings to all Malaysians who are celebrating.

King, Queen extend Christmas greetings

The government has initiated an administrative (sunset) review of anti-dumping duties on imports of cold rolled coils of iron, or non-alloy steel, and of width more than 1,300mm, originating or exported from China, South Korea, Japan, and Vietnam.

Govt initiates sunset review of anti-dumping duties for iron or non-alloy steel cold rolled coils

A leading indicator of Japan's service-sector inflation rose to 3.0% in November, accelerating for a second straight month, data showed on Wednesday, backing up the central bank's view that rising wages are prodding more firms to pass on higher costs.

Japan corporate service inflation rises, bolsters BOJ rate-hike odds

Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.

Honda, Nissan tie-up requires something neither can spare: time

Apple has asked to participate in Google's upcoming US antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.

Apple seeks to defend Google's billion-dollar payments in search case

Oil prices rose more than 1% on Tuesday, reversing the prior session's losses on a brightening short-term outlook tied to the prospect of slightly tightening supplies as trade thinned ahead of the Christmas and Hanukkah holidays.

Oil prices rise 1% in thin pre-holiday trade

Wall Street's main indexes all closed higher on Tuesday, with gains in megacap and growth stocks bolstering benchmarks in a truncated Christmas Eve session.

Wall Street ends higher as Santa rally begins

France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.

French premier seeking budget cuts that toppled the previous cabinet

<p>Honda and Nissan expect big benefits from their potential merger to create the world's third-largest auto group but intense competition from China raises questions about whether they can make it work in time.</p>


<p>France’s new premier Francois Bayrou vowed to sharply narrow the nation’s deficit to close to 5% of GDP, a plan that threatens a repeat of the stand-off which toppled the last government.</p>


<p>Apple has asked to participate in Google's upcoming US antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.</p>


<p>The King and Queen of Malaysia, Sultan Ibrahim Sultan Iskandar and Raja Zarith Sofiah, have extended their Christmas greetings to all Malaysians who are celebrating.</p>


<p>The government has initiated an administrative (sunset) review of anti-dumping duties on imports of cold rolled coils of iron, or non-alloy steel, and of width more than 1,300mm, originating or exported from China, South Korea, Japan, and Vietnam.</p>


<p>China kept a key interest rate unchanged — a move widely expected by economists — as it seeks to keep its powder dry ahead of possible escalation in trade tensions with the US.</p>


<p>A leading indicator of Japan's service-sector inflation rose to 3.0% in November, accelerating for a second straight month, data showed on Wednesday, backing up the central bank's view that rising wages are prodding more firms to pass on higher costs.</p>
