<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 4): Paramount Corporation Bhd (KL:<a href="/askedge/klse/1724" class="ce-stock" target="_blank">PARAMON</a>) said on Wednesday it will jointly develop serviced apartments with Japanese firm Mitsui Fudosan.</p></div>

<div class=newsTextDataWrapInner><p>The project, dubbed The Ashbourne, involves two residential towers housing 458 units and has a gross development value of RM1.34 billion, according to an exchange filing. Development is expected to begin in the current quarter to be completed by the end of 2030, Paramount noted.</p></div>

<div class=newsTextDataWrapInner><p>Paramount will have 51% in the joint venture while Mitsui Fudosan will hold 49%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The joint venture will unlock the value of the land while partnering with Mitsui Fudosan will facilitate “future collaborations", Paramount said.</p></div>


Paramount Corporation Bhd (KL:PARAMON) said on Wednesday it will jointly develop serviced apartments with Japanese firm Mitsui Fudosan.

Paramount partners Mitsui Fudosan to jointly develop RM1.3 bil project

Global stocks swung between gains and losses on Wednesday as investors weighed the prospects of tougher regulation, higher taxes and oversight of areas such as artificial intelligence (AI) and cryptocurrencies, after the Democratic Party swept the US midterm elections.

Investors poised for gridlock with Trump as Democrats sweep Congress

The Court of Appeal has given the prosecution until March 3 to make further efforts to locate Muhammed Yusoff Rawther and serve him a notice to attend the hearing of its appeal against his acquittal on charges of drug trafficking and possession of fake pistols.

Court gives prosecution more time to locate Yusoff Rawther for acquittal appeal, rejects Zoom hearing to avoid setting precedent

Malaysia will examine corporate rescue and business rehabilitation mechanisms, drawing lessons from the US’ Chapter 11 framework, as the next frontier of its insolvency reform agenda, said Datuk Seri Azalina Othman Said.

Malaysia to explore US 'Chapter 11' style corporate rescue framework, says Azalina

State-owned Sarawak Microlectronics Design (SMD) is slated for commercialisation and is planning an initial public offering (IPO) as early as 2030.

Sarawak's chip design firm SMD eyes 2030 IPO

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Prime Minister Datuk Seri Anwar Ibrahim said the government had previously stepped in to rescue the publisher of Utusan Malaysia and Kosmo! when the company faced operational difficulties.

Ask Utusan, Kosmo publisher about paid leave for employees, govt rescue done previously — PM

Malaysia’s bond market, highly-convinced of a policy rate hike this week, will be proven wrong once again, according to BIMB Securities.

BIMB Securities: Bond market will be proven wrong on BNM’s rate decision

PUTRAJAYA (Nov 4): A three-member Court of Appeal bench on Wednesday has acquitted celebrity preacher Dai Syed of rape in a majority decision.

Celebrity preacher acquitted of rape charge, by majority

The government aims to table amendments to the Tabung Haji Act 1995 next year to strengthen governance and address institutional weaknesses identified in the recommendations of the Royal Commission of Inquiry (RCI), the Dewan Rakyat was told on Wednesday.

Tabung Haji Act amendments to be tabled next year — minister

More independent power producer (IPP) awards from Sarawak are expected through 2030 as the state looks to generate 15GW and grow the capacity beyond 2030, according to a Kenanga thematic report following a three-day visit to the state.

Sarawak's energy push to drive IPP awards through 2030 — Kenanga

<p>Tan Sri Muhammad Shafee Abdullah, the lead defence counsel for imprisoned Datuk Seri Najib Razak, said that he has no knowledge of rumours that the former prime minister is expected to pay the RM50 million fine on Wednesday, which would pave the way for Najib to start serving his house arrest.</p>


Shafee says no knowledge Najib to pay RM50m fine today

<p>Several major roads and areas in Selangor were affected by flash floods following continuous heavy rain since early Wednesday, with a bridge along Jalan Kubu Gajah spanning Sungai Subang in the Petaling district collapsing.</p>


Flash floods affect several Selangor roads, bridge collapses

<p>The group of six Negeri Sembilan deposed Undangs and chieftains will have to answer the committal proceedings at the Seremban High Court.</p>


Negeri Sembilan’s deposed Undangs, chieftains fail to stop committal proceedings

<p>Local independent palm oil millers could face a hard time selling their crude palm oil (CPO) over the next two months as refineries move to halt deliveries amid record-high inventories, according to industry sources.</p>


Supply glut could soon squeeze independent palm oil millers and smallholders — sources

<p>SINGAPORE (Nov 4): UOB announced net profit of S$1.25 billion for the 3QFY2026 ended Sept 30, down 15% quarter-on-quarter and 10% below the Street’s forecast of S$1.376 billion as other non-interest income (non-II) fell by 41% q-o-q to S$370 million.&nbsp;</p>


UOB's 3Q net profit 10% below expectations due to 41% decline in non-interest income

<p>The ECM Libra Foundation and CVSKL Foundation have teamed up to provide affordable health screenings for serving and former journalists struggling to afford medical care.</p>


ECM Libra, CVSKL foundations team up to provide RM1m in health screenings for senior journalists

<p>Global stocks swung between gains and losses on Wednesday as investors weighed the prospects of tougher regulation, higher taxes and oversight of areas such as artificial intelligence (AI)&nbsp;and cryptocurrencies, after the Democratic Party swept the US midterm elections.</p>


<p>US stock futures slumped, Treasuries rallied and the dollar softened on Wednesday as Democrats notched early Senate wins, raising the prospect of a blue sweep in the US midterm elections in a major setback to President Donald Trump and Republicans.</p>


Stocks wilt, dollar slides as early US midterm results point to blue sweep

<p>Non-bank financial institutions (NBFIs) do not fall under the regulatory framework of the Securities Commission Malaysia (SC), the Ministry of Finance (MOF) said.</p>


LTAT, EPF, KWAP, Socso and Amanah Raya not under SC regulatory framework — MOF

<p>Sime Darby Property Bhd (KL:SIMEPROP) is laying the groundwork for its future growth, as it explores two primary avenues for expansion, including a potential&nbsp;real estate investment trust (REIT)&nbsp;listing by 2028, according to Maybank Investment Bank.</p>


Sime Darby Property mulls REIT listing by 2028, to bank on heavy industrial parks, says Maybank IB

<p>If Bank Negara Malaysia (BNM) implements a surprise overnight policy rate (OPR) hike on Thursday, banks with higher domestic loans and floating-rate loans would be the primary beneficiaries while leaving other banks behind, according to an analyst from BIMB Securities Sdn Bhd.</p>


Alliance Bank and AMMB to benefit most if OPR hiked unexpectedly — BIMB

<p>The government on Wednesday announced the formation of an independent board to provide leadership, oversight, and monitoring of MediAsas plans moving forward.</p>


Govt forms independent MediAsas board

<p>KUALA LUMPUR (Nov 4): Yes Group Management Bhd is accepting applications for its shares at 18 sen per share for the travel agency’s listing on the ACE Market.</p>


Travel agency Yes Group launches ACE Market IPO at 18 sen per share

<p>Princeton Digital Group (PDG) has secured US$1.3 billion (RM5.3 billion) in green financing for its JH1 campus in Johor.</p>


Princeton Digital Group secures US$1.3b green financing for Johor project

<p>Oriental Kopi Holdings Bhd (KL:KOPI) appears unscathed from a public uproar over its menu language, with little impact on revenue and minimal cost, said an analyst.</p>


Business as usual at Oriental Kopi despite menu language uproar — analyst

<p>The Youth and Sports Ministry will not approve the Hyrox Kuala Lumpur 2026 event, scheduled to take place from Dec 10 to 13, unless the sponsorship from an alcoholic beverage company is withdrawn entirely.</p>


No Hyrox KL unless alcohol sponsorship withdrawn — ministry

<p>(Nov 4):&nbsp;Advanced Micro Devices Inc, a key challenger to Nvidia Corp&nbsp;in artificial intelligence chips, gave a revenue forecast that exceeded analysts’ estimates, showing that demand for data centre processors remains strong.</p>


AMD forecast exceeds estimates after AI chip demand soars

<p>A revival of the artificial-intelligence trade powered Wall Street gains, bonds fell and the dollar rose on US Election Day.&nbsp;Chipmakers halted a selloff that had been fueled by worries the AI spending spree is becoming harder to justify.</p>


Chip stocks rally as bonds fall on US election day

<p>Rakuten Trade has resumed online buy and sell order placement for Bursa Malaysia stocks through its iSPEED.my app.</p>


Rakuten restores Bursa trading on iSPEED.my app, web platform remains suspended

<p>Here's a heads up on what to look out for today.</p>
