<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 19): Holiday Villa hotels operator Advance Synergy Bhd (ASB) said its indirect Indonesian subsidiary, PT Diwangkara Holiday Villa Bali (DHVB), has entered into a settlement agreement with counterparties which it is suing.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, ASB said DHVB was offered a six billion rupiah (RM1.66 million) cash settlement by CV Telabah Nasional Trading Company and PT Diwangkara Jaya Makmur, whose shareholders are the heirs of the hotel’s owner.</p></div>

<div class=newsTextDataWrapInner><p>They had been sued by DHVB in May 2019 for alleged breach of contract.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>ASB said the settlement is expected to result in a gain of about RM520,000 to the group or an increase in earnings per share of 0.056 sen.</p></div>

<div class=newsTextDataWrapInner><p>In the last five years, ASB has seen three years of losses and two years of gains. Notably, it made a huge gain for the financial year ended Dec 31, 2019 (FY19), mostly due to gains from the disposal of a property.</p></div>

<div class=newsTextDataWrapInner><p>Sharesof ASB closed 0.5 sen or 6.7% lower at seven sen today, giving the group a market capitalisation of RM65 million.</p></div>


KUALA LUMPUR (March 19): Holiday Villa hotels operator Advance Synergy Bhd (ASB) said its indirect Indonesian subsidiary, PT Diwangkara Holiday Villa Bali (DHVB), has entered into a settlement agreement with counterparties which it is suing.

Advance Synergy’s Indonesian unit offered RM1.66m out-of-court settlement

Asian emerging market currencies were subdued on Monday after inflation data in the US further dimmed the prospects of interest rate cuts soon, with all eyes on the Federal Reserve's (Fed) policy meeting later this week.

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SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

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The Johor government will corporatise Johor Tourism this year in an effort to empower the agency, said Menteri Besar Datuk Onn Hafiz Ghazi.

He said the process towards this direction will be done within six months, and is expected to be completed at year end.

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YNH Property surges 11% to three-week high after default remedy

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<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

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<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


YTL Power, YTL Corp touch new highs

<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


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<p>OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.</p>
