<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 29): The Federal Land Development Authority (FELDA) has postponed the extraordinary general meeting (EGM) to Dec 9 from Dec 2 for holders of the Malaysian statutory body’s RM9.9 billion Islamic bonds or sukuk, which are guaranteed by the Malaysian government, according to the bonds’ trustee AmanahRaya Trustees Bhd.</p></div>

<div class=newsTextDataWrapInner><p>AmanahRaya Trustees, in a letter last Friday (Nov 26) to FELDA bondholders, said the EGM will be held at 10am on Dec 9 via a videoconference operated by Mega Corporate Services Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>However, it did not specify the proposals for bondholders’ consideration and approval in the EGM.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maybank Investment Bank Bhd is the facility agent for the Islamic Medium Term Notes programme of up to RM9.9 billion.</p></div>

<div class=newsTextDataWrapInner><p>Citing a statement by Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed, it was reported on Oct 28, 2020 that the Cabinet had agreed to approve the proposed issuance of FELDA's sukuk worth RM9.9 billion with government guarantees for FELDA's recovery plan.</p></div>

<div class=newsTextDataWrapInner><p>It was reported that the Cabinet had also agreed with the proposal to restructure FELDA's debt with financial institutions.</p></div>


The Federal Land Development Authority (FELDA) has postponed the extraordinary general meeting (EGM) to Dec 9 from Dec 2 for holders of the Malaysian statutory body’s RM9.9 billion Islamic bonds or sukuk, which are guaranteed by the Malaysian government, according to the bonds’ trustee AmanahRaya Trustees Bhd.

FELDA postpones EGM for holders of RM9.9b Islamic bonds to Dec 9

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

The ongoing Shariah High Court dispute, initiated by Tan Sri Jamaludin Jarjis’ widow Puan Sri Dr Kalsom Ismail for her joint matrimonial asset claim to the late former minister’s RM2.1 billion estate, will go to trial in July before a new judge.

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RHB Bank, Malaysia’s fourth-largest bank by assets, said on Thursday it views sustainable financing as presenting more opportunities than challenges, rather than affecting its overall profit from financing activities.

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theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon break on Thursday. Four stocks displayed negative momentum, while three stocks displayed positive momentum.

Crescendo, Inta Bina, PIE Industrial, Unitrade Industries, Cuscapi, HB Global, Mclean Technologies

The Malaysian Bar's challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi’s discharge not amounting to acquittal (DNAA) in his criminal trial is not academic.

Malaysian Bar: Legal challenge around Zahid's DNAA not academic

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.

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AmanahRaya Real Estate Investment Trust (REIT), which mainly manages commercial properties, is aiming to achieve a portfolio occupancy rate of at least 90% by the financial year ending Dec 31, 2025 (FY2025).

AmanahRaya REIT aims to raise occupancy rate to 90% by end-2025

Hong Kong Exchanges and Clearing (HKEX) will develop an in-house derivatives platform that will offer 24-hour trading and new products as it aims to boost its standing as a financial hub, the bourse operator said on Thursday.

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WHILE Malaysia-listed companies were seen to be improving their balance sheet position in 2023, the number of perpetual bond issuances rose during the year, data compiled by The Edge show.

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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.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

<p>Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.</p>


PIE Industrial extends rally to new all-time high as Kenanga flags new client

<p>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).</p>


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<p>The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.</p>


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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>


Google fires workers protesting US$1.2b Israeli contract

<p>Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.</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>


Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

<p>Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.</p>


Malaysia Airlines, AirAsia cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


Stop buying gold ETF as prices may correct — Philip Capital

<p>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.</p>


Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

<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>


<p>Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.</p>


Analysts remain sanguine on IGB REIT’s prospects going forward

<p>Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.</p>


HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

<p>Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.</p>


Asian stocks mixed as soaring dollar pauses

<p>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.</p>


Google lays off employees, shifts some roles abroad amid cost cuts

<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>


Bursa mixed at midday break, key index up

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


S&P 500 suffers its longest slide since January

<p>KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.</p>


Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

<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>


<p>KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.</p>


OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

<p>China Tianrui Group Cement Co said a sudden drop in its stock last week triggered a margin call involving a major shareholder, explaining the dynamic behind a dramatic plunge that wiped out nearly all of its market value.</p>
