<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 11): MMAG Holdings Bhd (KL:<a href="/askedge/klse/0034" class="ce-stock" target="_blank">MMAG</a>) said restrictions imposed on certain bank accounts belonging to the company and its subsidiaries under the Anti-Money Laundering Act (AMLA) have been lifted.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Wednesday, the company said the affected accounts are no longer subject to restrictions previously imposed by the Royal Malaysian Police's anti-money laundering investigation team.</p></div>

<div class=newsTextDataWrapInner><p>The development follows the group's earlier announcements on March 10 and March 17, concerning the freezing of the accounts.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MMAG shares closed one sen, or 33.33%, higher at four sen on Wednesday.</p></div>

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<div class=newsTextDataWrapInner><p><em>Uploaded by Tham Yek Lee</em></p></div>


MMAG Holdings Bhd (KL:MMAG) said restrictions imposed on certain bank accounts belonging to the company and its subsidiaries under the Anti-Money Laundering Act (AMLA) have been lifted.

MMAG Holdings says bank accounts freed from Anti-Money Laundering Act restrictions

Wall Street's main indices opened higher on Wednesday after neocloud firm CoreWeave's strong earnings allowed investors to look past fears of excessive artificial intelligence (AI) spending.

Wall St opens higher as CoreWeave lifts AI trade

Gold prices climbed on Wednesday, but remained anchored near the US$4,000 level after a sharp sell-off in the previous session following a hot US inflation print and hawkish policymakers' comments that tilted market expectations towards further and larger rate hikes.

Gold gains after steep drop, but hawkish central bank signals weigh

The Malaysian Bar has sought the court's permission to challenge the house arrest of Datuk Seri Najib Razak.

Bar files court challenge against Najib's house arrest

Oil prices rose about 1% on Wednesday from the previous session's two-month lows, after Iran's security chief said Tehran would not allow even a single particle of enriched nuclear material to leave the country.

Oil up 1% after Iran says no nuclear material will leave country

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.

Zetrix AI, Dialog, United Plantations, Heineken Malaysia, S P Setia, MMAG, Southern Score, L&P Global

Amendments to the Self-Employment Social Security Act 2017 (Act 789) and the Employment Insurance System Act 2017 (Act 800) will be tabled in Parliament in December.

Act amendments for commuter scheme, post-maternity leave allowance to be tabled in Parliament in December, says Ramanan

Home Minister Datuk Seri Saifuddin Nasution Ismail is set to address the terms governing former prime minister Datuk Seri Najib Razak's house arrest in the Dewan Rakyat on Thursday.

Saifuddin to clarify Najib's house arrest terms, monitoring arrangements in Parliament on Thursday

US mortgage rates declined for a fourth straight week, boosting home-purchase applications by the most since mid-April and giving a tiny spark to the deflated housing market.

US mortgage rates fall for fourth week, lifting home purchases

Malaysia's benchmark FBM KLCI fell to its lowest close in about 14 months on Wednesday, as heavyweight banks extended their descent amid rising concerns over the impact of higher US interest rates.

KLCI sinks to 14-month low, ends below 1,600 psychological mark

The retail prices of RON97, unsubsidised RON95 and unsubsidised diesel will drop by 50 sen, 40 sen and 25 sen per litre respectively from Nov 12 to 18.

Retail prices of RON97, unsubsidised RON95, diesel to drop from Thursday

<p>The government said on Wednesday that at least four of Malaysia’s largest private hospital groups have expressed interest in joining MediAsas, the nation-backed medical insurance and takaful plan slated for nationwide roll-out at the end of January 2027.</p>


Four major private hospital groups keen to join MediAsas ahead of January roll-out, says deputy finance minister

<p>Big Caring Group Bhd could see its already steep listing price soar higher, though longer-term value hinges on its expansion beyond retail, an analyst said.</p>


Big Caring’s already pricey valuations could stretch further — BIMB Securities

<p>Malaysia will allow approved applicants under the SuRIA Home solar rebate programme until March 2027 to complete their installations and retain their rebates.</p>


Govt extends solar installation deadline until March 2027 for approved applicants

<p>The brewer expressed concern over the continuing impact of the excise duty increase introduced under Budget 2026, which it said had compounded affordability pressures amid an already weak consumer sentiment.</p>


Heineken Malaysia seeks govt restraint on costs as 3Q profit drops 39%

<p>Malaysia intends to launch a separate wholesale electricity market for large power consumers, including data centres, the <em>New Straits Times</em> reported.&nbsp;</p>


Malaysia to start electricity market for data centre operators

<p>Only Selangor and Kedah have amended their laws to set the minimum marriage age for Muslims at 18, while similar amendments in other states remain subject to their respective deliberations and legislative processes, the Dewan Rakyat was told on Wednesday.</p>


Only Selangor, Kedah amended laws so far to set Muslims' minimum marriage age at 18 — Nancy

<p>Taxpayers who fail to settle outstanding taxes within six months and do not respond to notices from the Inland Revenue Board (IRB) may be barred from leaving the country, Deputy Finance Minister Liew Chin Tong said.</p>


Taxpayers with tax arrears may face travel ban if dues unpaid within six months — deputy minister

<p>Malaysia's palm oil inventories are expected to start declining in the first quarter of next year as production growth slows from its seasonal peak.&nbsp;</p>


High palm oil inventories set to decline in 1Q2027 as output slows, El Niño risks loom — analysts

<p>Malaysia's benchmark FBM KLCI fell to its lowest close&nbsp;in about 14 months on Wednesday, as heavyweight banks extended their descent amid rising concerns over the impact of higher US interest rates.</p>


<p>The High Court has given the green light for former Lembaga Tabung Haji chairman Datuk Seri Abdul Azeez Abdul Rahim to pursue his case against the Inland Revenue Board (IRB) for allegedly unilaterally cancelling a prior agreement of the settled payment of over RM4 million in tax and penalties.</p>


Court green-lights Abdul Azeez's legal bid against IRB for allegedly cancelling agreement over settled payments

<p>Barisan Nasional members of Parliament (MPs) on Wednesday called for an independent review of how the Attorney General’s Chambers (AGC) handled requests for clarification, which subsequently delayed the implementation of Datuk Seri Najib Razak’s house arrest.</p>


BN MPs seek review of AGC’s clarification process over Najib house arrest

<p>Panda Eyes Group Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for the homegrown fashion retailer’s listing slated for January 2027.</p>


Panda Eyes set for ACE Market listing in January 2027

<p>Andrea Kimi Antonelli, widely known in Formula One simply as Kimi, is the new king of F1.</p>


MY Say: Kimi Antonelli: F1’s new king and Malaysia’s opportunity

<p>Tan Sri Shahrir Samad and Tan Sri Tommy Thomas have failed to reach an out-of-court settlement in the former Federal Land Development Authority (Felda) chairman's malicious-prosecution suit against the former attorney general.</p>


Shahrir to continue malicious-prosecution suit against ex-AG Tommy Thomas

<p>KUALA LUMPUR (Nov 11): Mega Fortris Bhd (KL:MEGAFB) fell as much as 18.06% in Wednesday morning trade, prompting Bursa Malaysia to suspend intraday short-selling (IDSS) of the stock.</p>


Mega Fortris intraday short-selling suspended after stock falls 18%

<p>LBS Bina Group Bhd (KL:LBS) plans to launch Sherwood Residence — the first phase in its upcoming 192-acre freehold The Reserva master plan located in Kwasa Damansara, Selangor — in April or May next year, said its group executive chairman Tan Sri Lim Hock San during a press conference for the exclusive preview of The Reserva held at M Resort Hotel &amp; hotel Kuala Lumpur on Wednesday.</p>


LBS Bina to launch The Reserva in Kwasa Damansara by 2Q2027

<p>KUALA LUMPUR (Nov 11): Petroleum Sarawak Bhd has agreed to supply natural gas to a South Korean polysilicon manufacturer in Bintulu, Sarawak.</p>


PETROS to supply natural gas to South Korean firm in Bintulu

<p>United Plantations Bhd (KL:UTDPLT) logged a record high third-quarter net profit, underpinned by strong production volumes and firm palm oil prices.</p>


United Plantations posts record 3Q profit, declares 45 sen dividend

<p>The woman accused of spying for China during an affair with Nvidia chief Jensen Huang used a Hong Kong passport to enter Taiwan, the island's immigration agency said Wednesday, as authorities investigate the incident.</p>


Chinese woman accused of spying on Nvidia boss entered Taiwan on Hong Kong passport

<p>Russia has effectively abandoned attempts to replace the dollar with China’s yuan under the pressure of US secondary sanctions, underlining the difficulties facing other nations looking for an alternative global currency.</p>
