<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 8): JMR Conglomeration Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia on the sharp rise in the price of its shares.</div>

<div class=newsTextDataWrapInner>JMR has been ordered to respond to Bursa’s queries immediately for public release, after making due enquiry with its directors, major shareholders and other relevant persons.</div>

<div class=newsTextDataWrapInner>Bursa queried of any corporate development, rumour or report concerning the business and affairs of the group that might account for the trading activity.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“We also have ordered Hoover to explain if it is aware of any other possible explanation to account for the trading activity,” said Bursa.</div>

KUALA LUMPUR (Jan 8): JMR Conglomeration Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia on the sharp rise in the price of its shares.

JMR has been ordered to respond to Bursa’s queries immediately for public release, after making due enquiry with its directors, major shareholders and other relevant persons.

Bursa queried of any corporate development, rumour or report concerning the business and affairs of the group that might account for the trading activity.

“We also have ordered Hoover to explain if it is aware of any other possible explanation to account for the trading activity,” said Bursa.

#UMA* Bursa slaps query on JMR Conglomeration

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President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

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Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

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The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.

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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.

Federal Reserve Bank of Cleveland president Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.

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Prime Minister Datuk Seri Anwar Ibrahim has expressed his condolences to Deputy Minister of Agriculture and Food Securities Datuk Arthur Joseph Kurup and his family on the demise of his father, Tan Sri Joseph Kurup on Wednesday.

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Asian central banks’ need for assertive defense of their currencies is driving traders to turn less dovish on monetary policies in the region.

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The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

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United Airlines will receive compensation from planemaker Boeing for financial damages incurred in the first quarter due to the grounding of 737 MAX 9 aircraft, the carrier said on Wednesday.

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