<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 20): DRB-Hicom Bhd shares rose 2.29% in early trade this morning after it took over Malaysian Resources Corp Bhd's stake in a joint venture firm that was set up to undertake subcontracting works for the new integrated, custom, quarantine and security (ICQS) complex at Bukit Kayu Hitam, Kedah, for RM7 million.</p></div>

<div class=newsTextDataWrapInner><p>At 9.11am, DRB-Hicom rose 3 sen to RM1.34 with 1.53 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>It said the 51% stake buy in Dekad Kaliber from MRCB's wholly-owned unit, MRCB Engineering Sdn Bhd, will give it more control over the development of the ICQS complex.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>DRB-Hicom said the buy was undertaken by its indirect wholly-owned unit, HICOM Bhd, which inked the agreement for the purchase today. The purchase was completed on the same day.</p></div>

<div class=newsTextDataWrapInner><p>The remaining 49% in Dekad Kaliber is now under Hicom Builders Sdn Bhd, a wholly-owned subsidiary of Hicom.</p></div>


KUALA LUMPUR (Feb 20): DRB-Hicom Bhd shares rose 2.29% in early trade this morning after it took over Malaysian Resources Corp Bhd's stake in a joint venture firm that was set up to undertake subcontracting works for the new integrated, custom, quarantine and security (ICQS) complex at Bukit Kayu...

DRB-Hicom rises 2.29% on taking over MRCB stake in JV

1Malaysia Development Bhd (1MDB) on Tuesday failed to transfer its case concerning its US$6.59 billion (RM31.58 billion) suit against its former president Arul Kanda Kandasamy and former Treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah from the Civil High Court to the Commercial High Court.

1MDB fails to transfer suit against Arul Kanda and Irwan to another court

HSBC Holdings plc has started a new round of job cuts at its Asia investment bank amid a slump in dealmaking across the region, according to people familiar with the matter.

The London-based lender cut around a dozen bankers across its investment banking division in Asia on Tuesday, one of the people said, asking not to be identified discussing a private matter.

HSBC slashes a dozen investment bankers in Asia on deals slump

The Ministry of Transport (MOT) will seek the views of various parties, including the Royal Malaysian Police and the National Security Council (MKN), in improving the security aspects of airports in the country.

MOT to get views of police, National Security Council to improve airport security, says Loke

A fire hit Copenhagen's Old Stock Exchange on Tuesday, one of the Danish capital's best-known buildings, engulfing its spire which collapsed onto the roof in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame cathedral.

Fire breaks out at Copenhagen's historic stock exchange, spire collapses

Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.

Stocks slide, dollar up as ‘higher for longer’ rate view takes root 

The Sarawak government has welcomed the appointment of Lawrence Wong as Singapore's next prime minister, while also expressing interest in studying further the republic's approach to assisting its low-income sector.

Abang Johari sees more Sarawak-Singapore collaborations under PM Wong

China’s airlines flew a record number of people in the first quarter (1Q), amid government efforts to boost the nation’s tourism sector and strong demand for holidays at home.

China air travel hits fresh record in 1Q on Lunar New Year boost

European natural gas prices kept rising on April 16 after top Israeli military officials reasserted that their country has no choice but to respond to Iran’s weekend drone and missile attack.

European gas jumps as Israel vows response to Iran attack

A suspect, who was arrested over Sunday’s shooting incident at Terminal 1 of the Kuala Lumpur International Airport (KLIA), is being remanded for seven days.

KLIA shooting suspect remanded for seven days

Net-zero carbon (NZC) goals are driving the demand for sustainable office buildings in Asia, according to JLL’s report Asia’s Decade of Action: Accelerating the transition to Sustainable Workplaces. The report stated that 87% of occupiers in Asia are targeting 100% green-certified portfolios by 2...

JLL: Net-zero carbon goals drive accelerated demand for sustainable workplaces in Asia

<p>The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to <i>Forbes Asia</i>.</p>


Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

<p>Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.</p>


CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

<p>E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.</p>

<p>According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;</p>


MyEG, HeiTech Padu form partnership to collaborate on IT projects

<p>CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.</p>


CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

<p>Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.</p>


AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

<p>Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.</p>


<p>The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.</p>


Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

<p>The automotive industry is not exactly the place one would want to be in the next few years.</p>

<p>Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

<p>Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.</p>


What observers are saying as Singapore’s Lee paves way for next PM Wong

<p>Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.</p>


Carlo Rino files draft prospectus for listing transfer to ACE Market

<p>Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).</p>


Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

<p>China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.</p>


Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


Bursa ends morning session lower along with regional peers

<p>The Ministry of Transport (MOT) has not been informed of any corporate deal involving Malaysia's biggest port operator MMC Port Holdings Sdn Bhd, said its Minister Anthony Loke Siew Fook.</p>


MOT unaware of potential MMC Port stake sale to foreign investors, says Loke

<p>KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.</p>

<p>In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.</p>


KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

<p>Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.</p>


Muhyiddin seeks five-judge bench to hear criminal charges review

<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

<p>RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.</p>


Notion VTec aiming to extend upside movement — RHB Retail Research 

<p>Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and may be set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.</p>


EP Manufacturing shares chart best day in 10 months after assembly deal

<p>European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.</p>
