<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 2): BSL Corp Bhd is establishing a 51:49 joint venture (JV) with Wong Sze Chien to explore acquisition, investment and development opportunities in properties.</p></div>

<div class=newsTextDataWrapInner><p>BSL said it intends to diversify its income stream and the proposed JV will provide it with a new business opportunity, of which it is expected to provide an additional revenue stream to BSL Group and diversify its earning base.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, BSL said it has entered into a JV agreement with Wong to form a JV company called BSL Development Sdn Bhd for the purpose.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It added that BSL Development is expected to contribute positively to BSL Group’s future earnings and improve its financial position, which will enhance shareholders’ value and future prospects of the group.</p></div>

<div class=newsTextDataWrapInner><p>"The proposed JV will not have any effect on the share capital and substantial shareholders’ shareholdings of the company," said BSL.</p></div>

<div class=newsTextDataWrapInner><p>BSL shares gained two sen or 3.33% to close at 62 sen today, giving it a market capitalisation of RM59.92 million. Year-to-date, the stock has gained 93.75% from 32 sen on Jan 3.</p></div>


KUALA LUMPUR (Nov 2): BSL Corp Bhd is establishing a 51:49 joint venture (JV) with Wong Sze Chien to explore acquisition, investment and development opportunities in properties.

BSL said it intends to diversify its income stream and the proposed JV will provide it with a new business op...

BSL Corp forms JV to explore property acquisition, development opportunities

WASHINGTON (May 16): US President Joe Biden signed on Thursday a sweeping aviation legislation that will boost US air traffic controller staffing, increase funding to avert runway close-call incidents, and speed up refunds for cancelled flights.

Biden signs sweeping aviation safety, reform bill into law

The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.

Suspect in Ulu Tiram police station attack believed to be member of Jemaah Islamiyah, says IGP

BWYS Group Bhd has signed an agreement with M&A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

BWYS Group signs underwriting agreement with M&A Securities for ACE Market IPO

Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.

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The credit impact of a potential merger Axiata Group Bhd (KL:AXIATA) is considering in Indonesia hinges on the deal structure, according to S&P Global Ratings.

In a statement on Friday, the rating agency said a key factor would be the extent of control over the cash flow of the merged entity.

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Shares of Chinese property developers rose on Friday as investors expected authorities to announce more measures to stabilise the crisis-hit sector, with fresh data showing the fastest drop in new home prices in more than nine years.

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Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor's sedition trial will proceed in the High Court here in July.

This follows deputy public prosecutor (DPP) Datuk Masri Mohd Daud informing judge Datuk Aslam Zainuddin that the Perikatan Nasional election director’s representation letter has been rejected.

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Under Armour announced a broad restructuring plan on Thursday as it said sales in its largest market, North America, plunged 10% and predicted the trend will get worse throughout its current fiscal year, CNBC said.

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Kellogg's is to close its factory in Greater Manchester, the UK, at the end of 2026 with the loss of about 360 jobs, said BBC News.

Kellogg's to close factory with 360 job losses — report

Oil prices gained on Friday, with global benchmark Brent set for its first weekly increase in three weeks on signs of improving global demand amid stronger economic indicators from key consumers China and the US.

Oil set for weekly gain on signs of improving demand

<p>KUALA LUMPUR (May 17): Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to urge investors to buy the stock, even as its stock price has nearly doubled so far this year.</p>


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<p>Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.</p>


<p>Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.</p>

<p>State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.</p>


Two policeman killed in attack at Ulu Tiram police station

<p>Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).</p>


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<p>Asian stocks inched lower on Friday as traders pondered the near term US monetary policy path after Federal Reserve (Fed) officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing.</p>


Asian stocks ease on uncertainty over timing of US rate cuts

<p>The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.</p>


IMF knocks Biden’s China tariffs as risk to US, world growth

<p>KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.</p>


Hong Leong Industries’ shares retest all-time high after profit jump

<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


Hup Seng shares climb to near three-year high after 1Q profit surge

<p>KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.</p>


Malaysian Pacific Industries climbs to 15-month high on return to profit

<p>Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.</p>


Poh Kong back on the radar, says Rakuten Trade 

<p>The Dow reached an intra-day high of 40,000 for the first time on Thursday, but it ended lower after paring earlier gains, as investor hopes of interest-rate cuts by the Federal Reserve (Fed) were buoyed by data showing inflation slowdown, as well as strong corporate earnings results.</p>


Dow hits milestone 40,000 mark as rate-cut hopes fuel rally

<p>Noland Arbaugh still doesn’t quite know what happened. He doesn’t know many of the key details about how his life took such a drastic and now extraordinary turn. How he became Noland Arbaugh, celebrity cyborg.</p>


Neuralink’s first patient: ‘It blows my mind so much’

<p>Shut out of US markets and under fire in Europe, China’s electric carmakers are zeroing in on the countries where they’re welcome. One of the big ones is Brazil.</p>


Chinese EV giants hammered by Biden tariff are welcome in Brazil

<p>A suitable list of names for the position of the Election Commission (EC) chairman should be submitted to the Special Parliamentary Select Committee on Human Rights, Elections, and Institutional Reform for vetting before being proposed to the Yang di-Pertuan Agong (YDPA) for consideration as per Article 114 of the Federal Constitution.</p>


List of EC chairman candidates must be vetted before being submitted to Agong

<p>Kedah Menteri Besar Datuk Seri Muhammad&nbsp;Sanusi&nbsp;Md&nbsp;Nor's sedition trial will proceed in the High Court here in July.</p>

<p>This follows deputy public prosecutor (DPP) Datuk Masri Mohd Daud informing judge Datuk Aslam Zainuddin that the Perikatan Nasional election director’s representation letter has been rejected.</p>


<p>The first Hong Kong exchange-traded funds (ETFs) investing directly in crypto have so far failed to spark the kind of excitement that greeted rival US products, a blow for the city’s push to foster a preeminent digital-asset hub.</p>


Hong Kong’s shaky crypto ETF debuts dent global hub aspirations

<p>China's factory output topped forecasts in April, helped by improving external demand, although retail sales unexpectedly slowed and the property sector remained a drag on the economy, piling pressure on Beijing to do more to support growth.</p>


China's factories fire up but consumer, property weakness persists

<p>Spirit AeroSystems is laying off several hundred members of its workforce in Wichita, Kansas, according to an internal memo, as the company deals with high debt and slowed production at Boeing, its key customer.</p>


Boeing supplier Spirit AeroSystems to lay off about 400 employees, memo says

<p>Two voice actors sued artificial intelligence (AI) startup Lovo in Manhattan federal court on Thursday, accusing the company of illegally copying their voices and using them without permission in its AI voiceover technology.</p>


AI voiceover company stole voices of actors, New York lawsuit claims

<p>Kellogg's is to close its factory in Greater Manchester, the UK, at the end of 2026 with the loss of about 360 jobs, said <em>BBC News</em>.</p>
