<div class=newsTextDataWrapInner><p>SINGAPORE (Dec 16): GS Holdings, the centralised dishware washing company, has signed an agreement with Changi Airport Group (CAG) to lease its Centralised Dishwashing Facility (CDF).</p></div>

<div class=newsTextDataWrapInner><p>The lease will allow GS to provide centralised dishwashing services at Singapore Changi Airport servicing the F&amp;B outlets at the airport and Jewel Changi Airport.</p></div>

<div class=newsTextDataWrapInner><p>With the facility, GS will be able to provide F&amp;B tenants and businesses located in Singapore Changi Airport Terminals 1, 2, 3 and the soon-to-be completed Terminal 4 and Jewel with on-site dishwashing services.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>(<u>See also</u>: <a href="http://www.theedgemarkets.com.sg/sg/article/changi-airport-group-achieves-top-terminal-4-prepare-opening-2h17">Changi Airport Group achieves TOP for Terminal 4; to prepare for opening in 2H17</a>)</p></div>

<div class=newsTextDataWrapInner><p>The lease of the CDF premise is on a five-year tenure, which carries an additional five-year option.</p></div>

<div class=newsTextDataWrapInner><p>The group will finance the lease and outfitting of the CDF through internal funds and resources.</p></div>

<div class=newsTextDataWrapInner><p>The lease agreement is not expected to have any material impact on the group’s net tangible assets or earnings per share for the financial year ending Dec 31.</p></div>

<div class=newsTextDataWrapInner><p>Shares of GS Holdings closed 3 Singaporean cents higher at 33.5 cents.</p></div>


SINGAPORE (Dec 16): GS Holdings, the centralised dishware washing company, has signed an agreement with Changi Airport Group (CAG) to lease its Centralised Dishwashing Facility (CDF).

The lease will allow GS to provide centralised dishwashing services at Singapore Changi Airport servici...

GS Holdings to lease centralised dishwashing facility at Changi Airport

Kimlun Corporation Bhd has bagged a construction contract worth RM150 million for a serviced apartment development project in Johor Bahru.

In a bourse filing on Thursday, Kimlun said its wholly-owned subsidiary Kimlun Sdn Bhd received the award as the main contractor for the Aliva Mount Austin residential project from Astaka Development Sdn Bhd, a subsidiary of Singapore-listed Astaka Holdings Limited.

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Parti Bersatu Sabah (PBS) and Parti Solidariti Tanah Airku (STAR) on Thursday signed a memorandum of understanding (MOU) aimed at, among other things, further strengthening the Gabungan Rakyat Sabah (GRS) coalition.

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High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and Special Financial Zone (SFZ) in Forest City can spur Johor’s economy to outpace that of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

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Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday that many analysts expect to contain an advanced China-made chip like its Mate 60 handset.

The Pura series developed by the Shenzhen-headquartered company has advanced cameras and is known for its sleek design, while the Mate series emphasises performance and business features.

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Datuk Seri Dr Zambry Abdul Kadir, the Kuala Kubu Baharu by-election machinery coordination co-chairman for the unity coalition, said its candidate would be deemed to represent the unity government rather than any particular party per se.

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The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength.

Labour market resilience, which is driving the economy, together with elevated inflation have led financial markets and some economists to expect that the Federal Reserve could delay cutting interest rates until September. A few economists doubt that the US central bank will lower borrowing costs this year.

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Healthcare digitalisation and financing reform remain the priorities of the Ministry of Health (MOH) aimed at strengthening and improving the healthcare system across the country.

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Wall Street's main indexes eyed a higher open on Thursday as chip stocks rebounded, while investors awaited commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts.

Micron Technology rose 1.6% after a report that the memory-chip maker is set to get more than US$6 billion in grants from the US Commerce Department to help pay for domestic chip factory projects.

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The life insurance industry recorded a double-digit growth of 11.6% in new business total premiums to RM13.4 billion last year, compared with RM12 billion in 2022.

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<p>Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


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<p>Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.</p>


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<p>Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.</p>


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<p>Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).</p>

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<p>Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.</p>


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<p>When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.</p>


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<p>Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;</p>


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<p>Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.</p>


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<p>The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.</p>


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<p>Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.</p>
