<div class=newsTextDataWrapInner><p>BEIJING (Nov 15): Hong Kong property developer New World Development said on Sunday its board had proposed a recapitalisation plan aimed at raising about HK$24.9 billion (US$3.17 billion or RM12.9 billion), according to a company filing.</p></div>

<div class=newsTextDataWrapInner><p>New World Development has been trying to cut debt, dispose of assets and bolster liquidity amid tight credit conditions and a weak property market.</p></div>

<div class=newsTextDataWrapInner><p>The plan offers shareholders 11 new shares for every existing share at HK$0.90 each.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company plans to use the proceeds to prepay 10% of about HK$82 billion in bank loans and extend the maturity of the remaining 90% by two years.</p></div>

<div class=newsTextDataWrapInner><p>Controlling shareholder Chow Tai Fook, which owns about 45.3% of the company, has committed to take up its full entitlement, while the remaining shares will be fully underwritten.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Hong Kong property developer New World Development said on Sunday its board had proposed a recapitalisation plan aimed at raising about HK$24.9 billion (US$3.17 billion or RM12.9 billion), according to a company filing.

New World Development proposes US$3.2b rights issue, filing shows

Seven Gabungan Rakyat Sabah (GRS) members of Parliament will submit a memorandum to the Public Accounts Committee (PAC) next week seeking an expanded scope of investigation into the Sabah Pan Borneo Highway project, including an examination of the basis and implications of the decision to terminate the project delivery partner (PDP) model in 2019.

GRS MPs to seek expanded probe into Sabah Pan Borneo Highway project

Barisan Nasional (BN) will not contest any seats in the 13th Sarawak state election, its chairman Datuk Seri Dr Ahmad Zahid Hamidi said.

BN to stay out of Sarawak polls — Ahmad Zahid

Megaspeed said on Sunday that Chinese businesswoman Alice Huang, whose ties to former Nvidia CEO Jensen Huang have raised US national security concerns, officially left the company on Aug 30, 2025, and has no current role there.

Megaspeed says Alice Huang left company in August 2025

Wingtech Technology Co said it opposes a Dutch court’s latest interim order in the dispute over Nexperia and plans to appeal, arguing the ruling lacks a factual basis and contains fundamental legal flaws, according to a stock exchange filing on Sunday.

Wingtech to challenge Dutch Court’s interim order on Nexperia

Noel Tata, chairman of the trusts that control Tata Group, questioned whether some of the conglomerate’s biggest investments are being executed with enough discipline, deepening a dispute over capital allocation, control and a potential listing of its holding company.

Tata heir questions big bets as US$185 bil group feud deepens

Pakatan Harapan (PH) will hold a meeting next week to conduct an initial post-mortem on its performance in Saturday’s Melaka state election.

PH to hold post-mortem on Melaka polls performance next week — Fahmi

South Korea’s top scorer in national tax accountant qualification exams admitted that he used generative artificial intelligence (AI) and electronic devices to cheat in the tests, and has turned himself in to police.

Korea’s top scorer in tax accountant exam admits to AI cheating

The Communications Ministry is studying the feasibility of requiring messaging platform WhatsApp to verify the identities and telephone numbers linked to each account to curb online scam activities.

Govt mulling mandatory WhatsApp account verification to curb online scams — Fahmi

Barisan Nasional (BN) is committed to fielding candidates from the People's Progressive Party (PPP) to represent the coalition in the upcoming 16th general election (GE16).

BN vows to field PPP candidates in upcoming general election — Zahid

<p>Cryptocurrencies tumbled over the weekend, with bitcoin slumping to a three-month low of just above US$63,000 (RM257,424) as leveraged long positions were liquidated.</p>


Bitcoin tumbles to three-month low as liquidations accelerate

<p>When a company announces a rise in “adjusted earnings”, investors may welcome the headline. But what exactly has been adjusted, which costs have been excluded and how does that figure compare with the profit reported in its financial statements? These questions go to the heart of corporate transparency. A new accounting standard will demand clearer answers from 2027.</p>


Opinion: Can accounting standard MFRS 18 curb corporate earnings spin?

<p>Melaka Chief Minister Datuk Seri Ab Rauf Yusoh announced that Monday would be a special public holiday.</p>


Melaka CM declares Monday a special holiday

<p>Malaysia’s business landscape is dominated by micro, small and medium enterprises (MSMEs), which accounted for 96.2% of all business establishments in 2025, according to the latest figures from the Department of Statistics Malaysia (DOSM). Their prevalence underscores the importance for an enabling ecosystem to support MSMEs and mechanisms that can help viable businesses survive commercial disputes and financial distress that threatens their continued operations. As the engine of growth for entrepreneurship to thrive, MSMEs occupy a special place as the backbone of corporate Malaysia, acting as the primary engine for economic growth, innovation and widespread employment. MSMEs keeps the Malaysian economy resilient and dynamic, contributing significantly to Malaysia’s GDP.</p>


Opinion: A second chance for businesses worth saving

<p>Malaysia’s telco sector has gone through various structural changes in the last five years where it has seen its top three wireless telcos merge and the shift from a 5G single wholesale network model to a dual network model.</p>


Opinion: Malaysian telcos are going back to basics to strengthen their core — Agentic AI is the accelerator

<p>The Communications Ministry is studying the feasibility of requiring messaging platform WhatsApp to verify the identities and telephone numbers linked to each account to curb online scam activities.</p>


<p>The Malaysian economy is expected to record growth of more than 5% for the third consecutive year, driven by consistently strong economic performance, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


Amir Hamzah sees Malaysian economy growing over 5% for third consecutive year

<p>DAP's success in retaining all four seats it contested in the Melaka state election reflects the confidence of voters from various ethnic backgrounds in the service and track record of its elected representatives.</p>


DAP's four Melaka seats reflect multi-ethnic voters' confidence — Teo

<p>Wingtech Technology Co said it opposes a Dutch court’s latest interim order in the dispute over Nexperia and plans to appeal, arguing the ruling lacks a factual basis and contains fundamental legal flaws, according to a stock exchange filing on Sunday.</p>


<p>The Perak government is expected to once again turn a projected deficit of RM95.5 million into a financial surplus this year, marking five consecutive years of surplus.</p>


Perak MB says state’s financial position strong, sees RM95.5m deficit turning into surplus

<p>Efforts to expand trade and investment cooperation, particularly in the energy, digital economy and technology sectors, were among the key matters discussed during a meeting between Prime Minister Datuk Seri Anwar Ibrahim and his Canadian counterpart, Mark Carney, here.</p>


Anwar, Canadian PM Carney discuss expanding ties in energy, digital economy and technology

<p>SHAH ALAM (Nov 15): More than an hour of continuous heavy rain caused flash floods along roads in the i-City and Section 7 areas here, disrupting traffic movement Sunday afternoon.</p>

<p>Posts shared by users on the Threads application showed floodwaters inundating the areas following heavy r...

Heavy rain causes flash floods near i-City, Section 7 in Shah Alam 

<p>Noel Tata, chairman of the trusts that control Tata Group, questioned whether some of the conglomerate’s biggest investments are being executed with enough discipline, deepening a dispute over capital allocation, control and a potential listing of its holding company.</p>


<p>Bahrain intercepted and destroyed several Iranian aerial attacks, it said on Sunday, while Tehran said it had struck a US military base in the Gulf kingdom amid uncertainty over a deal to end the US-Israeli war on Iran.</p>


Bahrain intercepts Iranian aerial attacks as Tehran says it attacked US base

<p>Prime Minister Datuk Seri Anwar Ibrahim need not bow to calls for an early dissolution of Parliament as long as he continues to command the support of a majority of members of the Dewan Rakyat, said DAP secretary general Anthony Loke Siew Fook.</p>


Anwar need not bow to calls to dissolve Parliament early — Loke

<p>Megaspeed said on Sunday that Chinese businesswoman Alice Huang, whose ties to former Nvidia CEO Jensen Huang have raised US national security concerns, officially left the company on Aug 30, 2025, and has no current role there.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has called on Asean member states to diversify their sources of food and medicines while strengthening regional production capacity to reduce reliance on external suppliers amid growing global uncertainties.</p>


Anwar urges Asean to diversify food, medicine supplies

<p>Bank of Thailand chairman Somchai Sujjapongse criticised the central bank’s slow progress on regulatory reform and called for action to reverse a prolonged contraction in lending to smaller businesses.</p>


Thai central bank chairman rebukes slow reform, SME credit slump

<p>Barisan Nasional (BN) is committed to fielding candidates from the People's Progressive Party (PPP) to represent the coalition in the upcoming 16th general election (GE16).</p>


<p>The Ministry of Entrepreneur and Cooperative Development (Kuskop) has called on e-commerce platforms in Malaysia to take the initiative to cut the costs, fees and commission rates charged to traders, especially micro and small entrepreneurs grappling with rising operating costs.</p>
