<div class=newsTextDataWrapInner><p>KUCHING (Jan 13): Sarawak Premier Tan Sri Abang Johari Tun Openg on Monday revealed that negotiations for the state government’s acquisition of MASwings Sdn Bhd had been finalised.</p></div>

<div class=newsTextDataWrapInner><p>Speaking to reporters after the Majlis Amanat Perdana Premier Sarawak 2025, he said the signing ceremony for the sale and purchase agreement (SPA) between the Sarawak government and Malaysia Aviation Group (MAG) is set to take place in&nbsp;February.</p></div>

<div class=newsTextDataWrapInner><p>“What I can reveal today is that the [acquisition of]&nbsp;MASwings is settled…the SPA ceremony will most likely be held in Kuching.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The negotiations are complete, meaning the Sarawak government will take over with the agreed asset valuation between both parties," he said, declining to disclose the new name of the airline.</p></div>

<div class=newsTextDataWrapInner><p>Abang Johari said the name of the airline had&nbsp;already been decided on, but&nbsp;would&nbsp;only be announced after the SPA ceremony.</p></div>

<div class=newsTextDataWrapInner><p>Previously, media reports stated that the asset valuation negotiations included ground-handling services at the airports involved.</p></div>

<div class=newsTextDataWrapInner><p>Among the international destinations targeted by Sarawak following the acquisition of MASwings are Germany, South Korea, Japan, Hong Kong, and Thailand.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/739317" target="_blank">Stories Of The Year: The year Sarawak pressed its case for special rights</a></em></p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


Sarawak Premier Tan Sri Abang Johari Tun Openg on Monday revealed that negotiations for the state government’s acquisition of MASwings Sdn Bhd had been finalised.

Speaking to reporters after the Majlis Amanat Perdana Premier Sarawak 2025, he said the signing ceremony for the sale and purchase agreement (SPA) between the Sarawak government and Malaysia Aviation Group (MAG) is set to take place in February.

Negotiations completed for acquisition of MASwings, SPA to be signed in February, says Abang Jo

An earthquake with a preliminary magnitude of 6.9 struck the Kyushu region of southern Japan on Monday, the Japan Meteorological Agency said.

Tsunami advisories for waves of a maximum height of one metre were issued for the southern prefectures of Miyazaki and Kochi.

Magnitude 6.9 earthquake hits southern Japan

The Semiconductor Industry Association (SIA) and Nvidia Corp, two prominent voices in the global chip industry, have criticised the US government’s new export curbs on artificial intelligence (AI) chips.

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The Malaysia Digital Economy Corporation (MDEC) has embarked on an initiative to accelerate small and medium-sized enterprises' (SMEs) digital transformation nationwide, starting with the northern state of Penang.

MDEC launches initiative to speed up SME digital transformation across Malaysia

Malaysia is keen to position Pakistan as a strategic distribution hub for palm oil exports to Central Asia, capitalising on the country's strategic location and its proximity to emerging high-growth markets, the Malaysian Palm Oil Board (MPOB) said.

Malaysia to position Pakistan as palm oil hub for Central Asia — MPOB

Minister in the Prime Minister’s Department (Religious Affairs) Datuk Dr Mohd Na’im Mokhtar has instructed the Department of Islamic Development Malaysia (Jakim) to collaborate with the Ministry of Domestic Trade and Cost of Living (KPDN) to enforce actions and prosecute those misusing the halal logo.

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Selgate Corp Sdn Bhd, through its healthcare arm, Selgate Healthcare Sdn Bhd, has signed a Memorandum of Understanding (MOU) with MTT Properties and Development Sdn Bhd to build a private specialist hospital in Balik Pulau, Penang.

Selgate Corp group chief executive officer Datuk Noor Hisham Mohd Ghouth said the Selgate Specialist Hospital Pulau Pinang is targeted to be ready by 2028 and would add about 172 beds and offer 31 specialities to its healthcare operations.

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Cheeding Holdings Bhd, the utilities engineering solutions provider, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to repay bank borrowings, raise capital for capital expenditure and to be used for performance bonds for future projects.

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Logistics service provider Xin Hwa Holdings Bhd's (KL:XINHWA) cargo transport unit has resumed normal operations after the suspension of its goods vehicle operator licence, which was in place for over two months since November last year, was lifted.  

The company’s wholly owned Xin Hwa Trading & Transport Sdn Bhd (XHTT) is now fully operational under its reinstated licence, Xin Hwa said in a filing with Bursa Malaysia on Monday.

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A1 AK Koh Group Bhd, the Johor-based processed food and beverage (F&B) manufacturer best known for its premix soup spices or meat ribs soup, is looking to raise fresh capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Premix soup maker A1 AK Koh Group files draft prospectus for ACE Market listing

Solarvest Holdings Bhd (KL:SLVEST)  is acquiring three plots of land in Kedah for RM19.99 million cash to secure strategic land for renewable energy asset development projects.

The solar photovoltaic provider's subsidiary Atlantic Blue Sdn Bhd has entered into two separate sale and purchase agreements with Aziho Trading Sdn Bhd to purchase the plots measuring 48.86ha in total in Mukim Gurun in Kuala Muda.

Solarvest buys land for RE projects in Kedah for RM19.9 mil

<p>Prospect Medical Holdings Inc, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.</p>


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<p>Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit (LRT) project.</p>


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<p>Malaysian stocks were broadly lower on Monday led by construction and property companies, while the country’s benchmark index fell to a five-month low.</p>

<p>Investors in Asia reacted poorly to the latest jobs data in the US that pointed to a robust economy, threatening the prospects of rate cuts by the Federal Reserve. The ringgit also depreciated along with other emerging Asian currencies under pressure from a strengthening US dollar.</p>


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<p>City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).</p>


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<p>The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.</p>


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<p>CAPE EMS Bhd (KL:CEB), which started its Bursa Malaysia journey on a high note in 2023, has found itself in the midst of a corporate storm this year.</p>

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<p>The Joe Biden administration's plans to introduce new export restrictions on artificial intelligence (AI) chips under a three-tiered system by country have sparked concerns in Malaysia.</p>


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<p>Europe’s largest pension fund sold its entire €571 million (US$585 million or RM2.63 billion) stake in Tesla Inc&nbsp;in the third quarter, partly due to disagreement with Elon Musk’s remuneration package.</p>


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<p>YTL Power International Bhd (KL:YTLPOWR), which is in the midst of setting up its own artificial intelligence (AI) data centres using the latest chips by US chip giant Nvidia Corp, does not expect to be impacted by the proposed US rules on advanced chip&nbsp;exports into countries like Malaysia.</p>


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<p>Allianz Malaysia Bhd’s (KL:ALLIANZ) earnings outlook is clouded by uncertainties over future premium increases, Maybank Investment Bank said and downgraded the country’s largest general insurer.</p>


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<p>KUALA LUMPUR (Jan 13): Rising production and delays in implementing biodiesel mandates in Indonesia may weaken palm oil prices beyond the first quarter of 2025, even as latest data show a 19-month low stockpile, analysts say.</p>


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<p>Bursa Malaysia Bhd (KL:BURSA) has introduced a new renewable energy (RE) subsector within its energy and utilities sector classification. This move aims to provide more focused classification for public listed companies (PLCs) operating in the RE space.</p>

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<p>Former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy told the High Court on Monday that there was no merit to the allegations made by his former company, that he had failed to inquire, investigate or ascertain, and recover the investments the company had lost.</p>

<p>Testifying in his defence to 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general and former 1MDB board of advisors chairman Tan Sri Mohd Irwan Serigar Abdullah, before judge Datuk Raja Ahmad Mohzanuddin Raja Mohzan, Arul Kanda also disagreed that he had acted against 1MDB’s interests.</p>


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<p>Local institutions supported Bursa Malaysia for the 12th consecutive week, with net purchases of RM281.9 million, according to MIDF Amanah Investment Bank Bhd.</p>


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<p>Energy infrastructure firm Yinson Holdings Bhd (KL:YINSON)&nbsp;is close to signing up investors for a funding round in its unit that makes equipment used by the offshore oil and gas industry, according to people with knowledge of the matter.</p>


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<p>KUALA LUMPUR (Jan 13): Former prime minister Datuk Seri Najib Razak said that he returned the purported Arab donation, because the 13th general elections were over and he didn’t need a large sum of money.</p>


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<p>Eden Inc Bhd (KL:EDEN) said on Monday that it has been selected to develop a 29.99-megawatt (MW) large-scale solar photovoltaic plant in Gebeng, Kuantan.</p>


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<p>Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed.</p>


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<p>The Malaysian ringgit could face downward pressure due to the possibility of new US tariffs on China and uncertainties over the direction of the US Federal Reserve's (Fed) terminal rate, economists cautioned.</p>


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<p>The Islamic digital bank consortium led by KAF Investment Bank Bhd (KAF IB) has received approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations, effective from Dec 20, 2024.</p>
