<div class=newsTextDataWrapInner><p>(Dec 30): A Jeju Air Co jet suffered a landing-gear malfunction on Monday before returning safely to Seoul, the airline’s second aircraft to experience the fault in two days.</p></div>

<div class=newsTextDataWrapInner><p>South Korean authorities said they would probe the latest incident, which comes a day after 179 people died in the country’s worst civil-aviation disaster.</p></div>

<div class=newsTextDataWrapInner><p>The plane’s crew discovered a signal warning of a malfunction in the plane’s landing gear after take-off from Seoul, a spokesman for Jeju Air said at a briefing Monday.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Although the pilot managed to get the gear to work after communicating with the airline’s maintenance centre, the decision was made to return to the airport for a checkup, the spokesman said. The plane landed safely at 7.20am according to Flightradar24 tracking data. Passengers were booked on alternative flights.</p></div>

<div class=newsTextDataWrapInner><p>The Jeju Air spokesman didn’t confirm what model the plane was. <em>Yonhap News</em> had earlier reported the aircraft was a Boeing Co 737-800, the same type of aircraft involved in Sunday’s crash.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:</em><br />
<em><a href="https://theedgemalaysia.com/node/739261" target="_blank">South Korea orders air safety probe after worst crash in country kills 179</a></em><br />
<em><a href="https://theedgemalaysia.com/node/739250" target="_blank">Jeju Air crash kills 179 in worst ever South Korean accident</a></em></p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Chng Shear Lane</em></p></div>


A Jeju Air Co jet suffered a landing-gear malfunction on Monday before returning safely to Seoul, the airline’s second aircraft to experience the fault in two days.

Another Jeju Air jet has landing-gear issue, returns safely

Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan 7 as the threat of a strike looms, according to a person familiar with the negotiations.

US dockworkers, port employers set to restart talks on Tuesday — Bloomberg

Constellation Energy Corp has signed a pair of deals with the US government to provide more than US$1 billion (RM4.47 billion) of electricity and services, enough to fund upgrade projects that will boost capacity at the country’s biggest nuclear fleet. The shares surged.

Constellation Energy signs US$1 bil power deal with US govt

Airbus SE fell just short of meeting its annual delivery target for 2024 by handing over about 760 aircraft to customers following a last-month spurt that helped the company overcome a slow start to the year.

Airbus delivered about 760 jets last year, 10 short of annual goal

The suspect who died in a Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday was identified as Matthew Alan Livelsberger, according to people familiar with the matter. 

The Federal Bureau of Investigation is treating the case as a possible terrorist attack, said the people, who asked not to be identified because the probe is private.

Suspect in deadly Las Vegas Cybertruck blast identified — Bloomberg

Any development in Kampung Baru will take into account its history and land status to ensure that the area remains preserved as a Malay village, according to Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.

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Wisma Putra has confirmed the detention of a Malaysian in Saudi Arabia, saying it has extended consular assistance to the individual.

In a statement to Bernama on Thursday, the Foreign Ministry said efforts are ongoing to ensure local laws protect that person's rights.

Wisma Putra confirms Malaysian detained in Saudi Arabia

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion (RM178.76 billion) in 2022, was set to appear in US court on Thursday to face criminal fraud charges after being extradited from Montenegro this week.

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The cutting of Russian gas supplies to Moldova's breakaway Transdniestria region has forced the closure of all industrial companies except food producers, an official said on Thursday.

The mainly Russian-speaking territory of about 450,000 people, which split from Moldova in the 1990s as the Soviet Union collapsed, has suffered a painful and immediate hit from Wednesday's cut-off of Russian gas supplies to central and eastern Europe via Ukraine.

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Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.

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Aeromexico tops 10 most on-time airlines in the world last year

<p>Two senior executives at Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, have resigned in a surprise move, sources told <em>The Edge</em>.</p>


Malaysia Aviation Group to see departure of two senior executives

<p>The Road Transport Department (JPJ) is offering a special flat-rate compound fee of RM150 for three types of offences over a six-month period starting Friday, said Transport Minister Anthony Loke.</p>

<p>He said the special compound payment covers certain types of JPJ summons notices, namely Summons 53A (AwAS Summons) for speeding violations or running red lights captured by the AwAS camera system, Notice 114 (Interview Notice) and Notice 115 (Sticker Summons Notice by JPJ).</p>


JPJ offers RM150 flat-rate compound for three offences starting Friday

<p>Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024.<br />
&nbsp;<br />
The Geneva-based company, controlled by a Swiss foundation named for its co-founder Hans Wilsdorf, began the year by hiking prices as much as 8% on some models made from precious metals.</p>


Rolex kicks off 2025 by increasing watch prices after gold soars

<p>Infrastructure works for the Penang Light Rail Transit (LRT) Mutiara Line project and the expansion of the Penang International Airport (PIA) may be carried out simultaneously to minimise inconvenience to the public, according to Chief Minister Chow Kon Yeow.</p>


CM: Penang LRT works, airport expansion to proceed simultaneously

<p>Velocity Capital Partner Bhd (KL:VELOCITY) sees the emergence of a new majority shareholder yet again.</p>


Velocity Capital sees emergence of single largest shareholder

<p>Pentamaster Corp Bhd (KL:PENTA) has been served with a writ and statement of claim by Ocado Innovation Ltd, a subsidiary of UK-based online grocery technology company Ocado Group, over allegations of patent infringement involving warehouse automation and robotics technologies.</p>


Pentamaster faces legal action from UK-based Ocado over alleged warehouse automation patent infringement

<p>Condom maker Karex Bhd (KL:KAREX) has redesignated its independent director Datuk Dr Adeeba Kamarulzaman as the group’s chairperson, effective immediately.</p>


Karex elevates Adeeba Kamarulzaman to chairperson after Ong Eng Long’s resignation

<p>A brief recap of some business news and corporate announcements that made the headlines on Thursday.</p>


Awantec, Pentamaster, Velocity Capital, Ecobuilt, Karex, Sunway REIT

<p>Eastern Pacific Industrial Corp Bhd (EPIC), a Terengganu government-linked company, on Thursday said it has secured a contract to provide pan Malaysia services to national oil-and-gas company Petronas.</p>


Terengganu-backed EPIC bags contract for pan-Malaysia services

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.</p>


FBM KLCI down 0.58% to 1,632.87 on Jan 2, 2025

<p>Awanbiru Technology Bhd (KL:AWANTEC) has secured at least a one-year extension to its cloud framework agreement (CFA 1.0) with the government, under which it manages and delivers Google cloud services to the government.</p>


Awantec secures extension of at least one year to provide Google cloud services to govt

<p>Senai Airport City Sdn Bhd and Lincotec Technology (Malaysia) Sdn Bhd, a wholly-owned subsidiary of Taiwan’s Linco Technology Co Ltd, have entered into a sale and purchase agreement for Lincotec to acquire 4.02 hectares (9.93 acres) of industrial land.</p>


Taiwan's Linco Technology acquires Senai Airport City land

<p>KUALA LUMPUR (Jan 2): MMC Corporation Bhd’s 70%-owned unit, Port of Tanjung Pelepas (PTP), has become the first container terminal in Malaysia to handle over 12.25 million twenty-foot equivalent units (TEUs) in a single year in&nbsp;2024.</p>


PTP is Malaysia’s first container terminal to surpass 12m TEUs throughput in a single year — chairman

<p>AmInvestment Bank Bhd projects that mandatory Employees Provident Fund (EPF) contributions for non-citizen employees could channel up to RM1.7 billion in additional annual inflows into Malaysia’s domestic equity market.</p>

<p>According to its Sector Report, the estimate is based on the presence of 2.5 million foreign workers, a minimum monthly wage of RM1,700, combined employee and employer EPF contributions of 11% and 13%, respectively, and the assumption that 14% of EPF assets would flow into domestic equities, as indicated in the latest 2023 annual report.</p>


AmInvestment forecasts RM1.7 bil boost to Malaysia's equity market from non-citizen employees' EPF contributions

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EVENING 5: Five things you need to know today

<p>The KLCC Light Rail Transit (LRT) Station was temporarily closed after smoke was detected in the station's electronic equipment room on Thursday.</p>

<p>Rapid Rail Sdn Bhd, in a statement, advised passengers to use Persiaran KLCC Station and Ampang Park Station to continue their journeys.</p>


KLCC LRT Station closed temporarily after pump switch panel catches fire

<p>German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.</p>

<p>Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand.</p>


German power slips below zero as negative-price phenomenon grows

<p>Wall Street's main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts, but Tesla limited gains on the Nasdaq after a dour deliveries report.</p>


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<p>Tenaga Nasional Berhad's (TNB) Monopole Transmission Tower Project, a high-impact initiative to enhance Penang's electricity supply, became operational on Dec 22 last year.</p>

<p>Penang’s Infrastructure, Transport, and Digital Committee chairman, Zairil Khir Johari, stated that the RM500 million project, launched at the end of 2022, will be officially inaugurated in the next two months.</p>


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<p>Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.</p>
