US regulators led by the Federal Reserve have refused to endorse a plan that would have seen the Basel Committee on Banking Supervision push lenders to disclose their climate risk, according to people familiar with the matter.

Fed refuses to back Basel climate plan, leaving talks in limbo

Ford Motor Co agreed to a US$165 million (RM733.5 million) civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner, the second largest fine ever levied by the National Highway Traffic Safety Administration (NHTSA).

Ford hit with near-record US$165 mil penalty on recall failure

Small and medium enterprises (SMEs) play a crucial role in driving economic growth within the Asia-Pacific Economic Cooperation (Apec) region, particularly when it comes to fostering inclusive development, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

SMEs play crucial role in driving growth in Apec economies, fostering inclusivity — Tengku Zafrul

The government will draft the Government Procurement Bill (GP Bill) in taking specific steps to increase transparency in the government procurement process, according to the Ministry of Finance.

Govt procurement draft bill to be tabled in Parliament next year

Bina Puri Holdings Bhd (KL:BPURI) said on Thursday that its associate company KL-Kuala Selangor Expressway Bhd (Latar) has won an arbitration case against Prolintas Expressway Sdn Bhd and was awarded RM46.13 million.

Bina Puri's associate wins RM46 mil in arbitration case against Prolintas 

Walt Disney Co posted fiscal fourth-quarter (4Q) sales and profit that beat Wall Street estimates and forecast earnings growth for the next three years, a rare event for a company that historically hasn’t made long-range profit projections.

Disney 4Q profit beats expectations as movies, streaming gain

The number of women holding positions as Members of Parliament, State Assembly members and ministers in Malaysia remains low, said Deputy Minister of Communications Teo Nie Ching.

Female representation in Parliament, state assemblies still low, says Teo

Wall Street's main indexes edged lower in choppy trading on Thursday after monthly producer prices rose as expected, with investors awaiting Federal Reserve (Fed) Chair Jerome Powell's comments later in the day for clues on the outlook for interest rates.

Wall Street struggles for direction after in-line monthly producer prices

Chinese President Xi Jinping will arrive in Lima on Thursday, kicking off a week-long diplomatic blitz in Latin America by inaugurating the massive Chancay deepwater port, one of Beijing's most ambitious infrastructure investments in Latin America.

China's Xi arrives in Lima for Apec, to open Pacific megaport

Sunway Real Estate Investment Trust (KL:SUNREIT), which recently completed its acquisition of shopping mall 163 Retail Park in Mont Kiara, announced that its net property income (NPI) increased 5.5% to RM144.3 million for the third quarter ended Sept 30, 2024 (3QFY2024) on back of a 9.3% growth on revenue.

Sunway REIT's NPI up 5.5% in 3QFY2024

The chief executive officer (CEO) of Encorp Berhad (KL:ENCORP), Hazurin Harun, 54, was charged in the Sessions Court on Thursday with two counts of criminal breach of trust (CBT) involving RM1.05 million last year.

Encorp CEO slapped with CBT charges involving RM1.05m

AS the sixth largest of Malaysia’s eight domestic banking groups in terms of assets, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK) is considered a mid-sized lender.

Its relatively smaller size, and the fact that there is often talk that its key shareholder — founder Tan Sri Azman Hashim ...

Cover Story: Analysts not ruling out possibility of M&A at AmBank 

In a landmark decision, the High Court on Thursday ruled that developers who deliver vacant possession of a property without allowing the owners to occupy it is against public policy and goes against the purpose of the vacant possession.

Delivery of vacant possession without occupancy rights is against public policy, court rules

Bumi Armada Bhd (KL:ARMADA) is exploring a merger with MISC Bhd’s (KL:MISC) offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion.

Bumi Armada signs pact with MISC to explore merger of offshore business

Malaysian banks’ earnings will stay “rangebound” in 2025 as the sector grapples with pressure on profitability and a rise in bad debts, according to S&amp;P Global.

Net interest margins, which measures the difference between interest received on loans and returns paid on deposits, could decline by three-to-five basis points due to intense competition for both loans and deposits, the ratings agency said in a report released on Thursday.

Malaysian banks' has limited upside amid margin pressure, rising bad loans — S&P

MISC Bhd (KL:MISC) said on Thursday its net profit fell in the third quarter, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business.

MISC 3Q net profit falls 21%, flags tough LNG shipping outlook

KUALA LUMPUR (Nov 14): The Ministry of Finance (MOF) said on Thursday sovereign wealth fund Khazanah Nasional Bhd will continue to fund start-ups despite&nbsp;losses from its investment&nbsp;in&nbsp;e-commerce platform FashionValet Sdn Bhd.&nbsp;

MOF: Khazanah to continue investing in start-ups despite FashionValet misadventure

IOI Properties Group Bhd (KL:IOIPG) has launched its IOI Sustain Roadmap 2030 (ISR 2030) to drive sustainable progress across all facets of the group's operations.

At a launch event at IOI City Mall on Thursday, ISR 2030 outlines 12 strategic pillars driving IOI Properties' initiatives to address climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being, and sustainability risks and opportunities.

IOI Properties launches sustainability roadmap and unveils new solar photovoltaic system at IOI City Mall

Malaysia is sending a protest note to the Philippines regarding its two new maritime laws that infringe on Sabah’s maritime boundaries, said Deputy Foreign Minister Datuk Mohamad Alamin.

Malaysia protests new Philippine laws that infringe on Sabah's maritime boundaries

Ice cream brand Ben &amp; Jerry's said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees, and threatened to dismantle its board and sue its members over the issue.

Ben & Jerry's says parent Unilever silenced it over Gaza stance

Gold miner Niche Capital Emas Holdings Bhd (KL:NICE) has commenced gold mining operations at the Sokor North Gold Mine in Kelantan, with the successful commissioning of its heap leaching plant there.

Niche Capital Emas begins gold mining ops in Kelantan

The Malaysian Automotive Association (MAA) said the country’s new&nbsp;car sales volume or total industry volume (TIV) could reach 800,000 units this year, driven by strong year-end promotions and robust demand for national cars.

Car sales in Malaysia could hit 800,000 units this year, says MAA

Pan Malaysia Corp Bhd (KL:PMCORP) disclosed that its audited net loss for the year ended June 30, 2024 (FY2024) was larger than previously reported in the unaudited statement.

Pan Malaysia Corp says FY2024 net loss larger than before audit following full control of A&W

Scomi Energy Services Bhd (KL:SCOMIES), a Practice Note 17 (PN17) company, said it is "in a preliminary discussion with a white knight to formulate a regularisation plan to be submitted before Jan 31, 2025". It did not elaborate.

Scomi Energy says in talks with another potential white knight after Dhaya Maju deal falls through

Cash-rich Lysaght Galvanized Steel Bhd (KL:LYSAGHT) has declared a special dividend of 35 sen per share as its quarterly earnings rose to an eight-year high.

This brings the total dividend declared to 43 sen per share in the current financial year ending Dec 31, 2024 (FY2024) so far — the highest since FY2018 when it paid out 50 sen dividend per share.

Lysaght pays special dividend of 35 sen as earnings rise to eight-year high

Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on momentum triggered by Donald Trump's election victory while emerging market stocks traded lower on an uncertain economic outlook.

Currencies, stocks tumble as dollar surges on Trump trade momentum 

The Sessions Court judge hearing the corruption trial involving former Penang chief minister Lim Guan Eng on Thursday rebuked the defence counsel for repeatedly asking the same questions.

Guan Eng’s defence team chastised for repeating same questions in Penang undersea tunnel graft trial 

Berjaya Food Bhd (KL:BJFOOD) on Thursday posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia.

Berjaya Food logs fourth quarter in the red due to anti-Israel boycott

PUTRAJAYA (Nov 14): Malaysia must re-evaluate its economic strategy to balance growth with social equity, said veteran economist Dr Nungsari Ahmad Radhi, stressing the need for a structural shift in the country’s factors of production, particularly labour, land, and capital, to stimulate sustaina...

Malaysia’s economy needs new focus on high-growth sectors, says Nungsari

Chinese premium electric vehicle maker Zeekr will take control of Lynk &amp; Co, a sister brand owned by Geely and Volvo Cars, two sources with direct knowledge of the plans said.

Zeekr to take control of Lynk in major Geely shake-up — Reuters

COME Dec 2, Datuk Seri Najib Razak will have the opportunity to explain his actions as he elected to testify under oath from the witness stand after the High Court ruled last week that there is a prima facie case against the former prime minister on four abuse of power and 21 money laundering cha...

Najib to explain actions after judge finds prima facie case on all charges

AS the sixth largest of Malaysia’s eight domestic banking groups in terms of assets, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK) is considered a mid-sized lender.

Its relatively smaller size, and the fact that there is often talk that its key shareholder — founder Tan Sri Azman Hashim ...

WITH a new chief on board, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK), the country’s sixth largest of eight domestic banking groups, has been busy putting into action a five-year strategic plan, in which delivering better returns to shareholders is one of its key goals.

Jamie Ling, wh...

Cover Story: AmBank off to a good start in its new leg of growth

Maybe, just maybe, they’ve found the right guy. Could Ruben Amorim, a little-known Portuguese man-of-war, be The One to salvage the grounded super tanker when heavier lifters have left it deeper in the mire? With reputations shredded and a title drought entering its 12th year, returning Mancheste...

Business Of Sports: Ratcliffe should be wary of United’s dangerous assumption

Budget 2025 was announced at a time when the Malaysian economy was performing better than expected, with the ringgit hovering at its strongest in two years relative to the US dollar. The fiscal deficit is expected to narrow to 4.3% in 2024, with the government mandatorily committed to reducing th...

My Say: Budget 2025: Extract value for every ringgit spent

KHAZANAH Nasional Bhd has amassed an estimated RM5.48 billion from the dividend payouts of eight public listed companies (PLCs) and proceeds from stake disposals in three PLCs so far this year.

A back-of-the-envelope calculation shows that the sovereign wealth fund received RM2.8 billio...

Khazanah reaps over RM5 bil from dividends, share sale this year 

KULIM Hi-Tech Park (KHTP) will double its total area to 12,000 acres, from 5,557 acres currently, with the development of a new industrial park — KHTP 2.

Currently, all 2,161 acres of the industrial land in KHTP, comprising Industrial Zone Phase 1, 2, 3 and 4 are fully leased. Land clea...

Kulim Hi-Tech Park eyes expansion, doubling its area to 12,000 acres

Since its soft launch in March 2023, CDB Arcadia Residences has achieved a 65% take-up rate. The serviced apartment with a gross development value (GDV) of RM245 million is developed by CDB Group Holdings Sdn Bhd through its wholly-owned subsidiary Saujana Permai Development Sdn Bhd.

CD...

CDB Arcadia Residences is 65% taken up

INFRASTRUCTURE utilities engineering solutions provider Jati Tinggi Group Bhd (KL:JTGROUP) is exploring new business segments such as electricity generation through renewable energy, to achieve a stable financial performance.

Acknowledging the volatility of its current business model, w...

Jati Tinggi seeks new business opportunities for stable earnings

WATER-related stocks are generally not regarded as the sexiest counters on Bursa Malaysia, but this may change as the federal government has pledged to spend more on water infrastructure, principally to address the long-standing problem of excessive non-revenue water (NRW) loss.

Already...

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