<div class=newsTextDataWrapInner>SINGAPORE (Sept 15): ICP is acquiring the land, building and business of Geo Hotel in Kuala Lumpur for a total of S$27.5 million to rebrand it into a Travelodge hotel.</div>

<div class=newsTextDataWrapInner>ICP says the proposed acquisition will enable the group to expand its Travelodge hotels in Asia from four hotels in Hong Kong and Thailand.</div>

<div class=newsTextDataWrapInner>At present, Geo Hotel is a premium economy hotel consisting of a commercial freehold land measuring... <a href="https://www.theedgesingapore.com/icp-acquires-geo-hotel-property-and-business-kl-275-mil" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Sept 15): ICP is acquiring the land, building and business of Geo Hotel in Kuala Lumpur for a total of S$27.5 million to rebrand it into a Travelodge hotel.

ICP says the proposed acquisition will enable the group to expand its Travelodge hotels in Asia from four hotels in Hon...

ICP acquires Geo Hotel property and business in KL for S$27.5m

Reckitt Benckiser Group Plc said consumers are back shopping for brands again as the maker of Lysol cleaning products affirmed its outlook.

Reckitt sales defy forecast as consumers return to brands

Swedish automaker Volvo Cars said on Wednesday it expects good demand for its vehicles this year after a rise in first-quarter unit sales, though operating earnings missed forecasts due to lower revenues and losses at its Polestar business.

Volvo Cars sees good demand this year after higher 1Q unit sales

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

TOKYO (April 24): Japan's Nikkei share average locked in a third consecutive day of gains on Wednesday, tracking Wall Street higher to break above 38,000 points, as investors continued to snap up tech-related shares.

Japan's Nikkei closes above 38,000 points as tech shares soar

KUALA LUMPUR (April 24): The digitalisation strategic plan will be updated in line with digital transformation goals, said Deputy Digital Minister Datuk Wilson Ugak Kumbong.

Digitalisation strategic plan to be in line with digital transformation goals — deputy minister

Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against selling linked to global risk aversion and a delay in the expected timing of any US policy easing.

Indonesia's central bank delivers surprise rate rise to support rupiah

Investors rejected Woodside Energy Group Ltd’s climate strategy in an advisory vote as Australia’s largest energy company attempts to trim emissions while also expanding production of oil and natural gas.

Investors revolt on climate as Woodside adds more oil, gas

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The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the baht while the current policy rate is robust and conducive to economic recovery, central bank officials said on Wednesday.

Thai central bank intervenes to ease baht volatility, says policy rate 'robust'

COLOMBO (April 24): Iran's President Ebrahim Raisi arrived in Sri Lanka on Wednesday for a brief state visit aimed at strengthening ties, during which he will also open a US$514-million hydropower project.

Iran's Raisi arrives in Sri Lanka to foster ties, open hydropower project

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Asian shares jump on tech boost; fragile yen on intervention watch

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

Tesla to accelerate launch of cheaper cars after sales miss

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Bursa opens higher, tracking overnight Wall Street

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright lands solar supply deal after forming JV company with Doople

This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

Xi’s armada is winning the battle for energy in South China Sea

US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.