<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 6): Jade Marvel Group Bhd has inked a joint venture (JV) and shareholders agreement with YHL Foods Sdn Bhd (YHLF) and YHL Jadem Frozen Sdn Bhd (YHLJF) to provide services linked to frozen seafood processing and cold storage facilities as well as sales.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing Monday, Jade Marvel said under the agreement, it will hold 60% of YHLJF while YHLF shall hold 40% of YHLJF shares.</p></div>

<div class=newsTextDataWrapInner><p>On the rationale for the deal, Jade Marvel said it represents a strategic opportunity for the group to expand its businesses into frozen seafood business and provide an additional revenue stream.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>On the outlook, the firm said it is optimistic that the future prospects of the business of YHLJF would be positive.</p></div>

<div class=newsTextDataWrapInner><p>“The board envisages that the JV will contribute to the future earnings and growth of the Jade Marvel group,” it said.</p></div>

<div class=newsTextDataWrapInner><p>At 11.29am, Jade Marvel fell 3.68% or 2.5 sen to 65.5 sen with 1.85 million shares done.</p></div>


Jade Marvel Group Bhd has inked a joint venture (JV) and shareholders agreement with YHL Foods Sdn Bhd (YHLF) and YHL Jadem Frozen Sdn Bhd (YHLJF) to provide services linked to frozen seafood processing and cold storage facilities as well as sales.

Jade Marvel inks JV to venture into frozen seafood processing and sales

Solomon Islands lawmakers selected a new prime minister on Thursday, choosing foreign minister Jeremiah Manele, who has pledged to continue the Pacific Island nation's foreign policy that drew it closer to China.

Solomon Islands picks China-friendly Manele as new PM

(May 2): The Federal Reserve and other top U.S. regulators are forging ahead with their plan to make big banks hold more capital, Bloomberg News reported on Wednesday.

Key officials have decided to adjust the original proposal rather than starting over and some of them are push...

US regulators discuss finalizing bank capital rules as soon as August

(May 1): Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields.

A vocal chorus of analysts has been warning against this booming trade, to no avail. Assets in the derivatives-p...

Bank of America sounds warning on options-ETF boom as day traders plunge in

Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.

Bursa Malaysia climbs to over three-year high after above-view 1Q

ExecuJet MRO Services Malaysia, a subsidiary of luxury business aircraft maker Dassault Aviation, inaugurated its new maintenance, repair and overhaul (MRO) facility at Subang Airport on Thursday.

Dassault Aviation's MRO unit ExecuJet expands in Malaysia with new facility at Subang Airport

Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary US customers and a slower-than-expected economic recovery in China.

Starbucks shares hit two-year low as China, US demand clouds outlook

Aston Martin posted a bigger-than-expected first-quarter loss on Wednesday.

Aston Martin losses rise ahead of new models

Barclays has kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it ramps up efforts to tackle underperformers and reinvest in new talent, sources with direct knowledge of the matter told Reuters.

Barclays moves to cut 'a few hundred' investment bank underperformers

Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Luno launches two new digital assets

Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.

Bond markets face struggle to surf 'Treasury tsunami'

<p>US stocks closed mixed on Wednesday after the Federal Reserve (Fed) left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.</p>


S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

<p>Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).</p>


Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen

<p>Elon Musk’s latest cost-cutting victims: Summer interns.</p>

<p>Tesla Inc is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.</p>


Tesla interns say offers are getting revoked weeks before their start date

<p>Shares of Duopharma Biotech Bhd surged more than 9% on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.</p>


Duopharma Biotech surges over 9% after RM578m contract news

<p>A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve (Fed) left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.</p>


Stocks, dollar decline after Fed holds rates steady

<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

<p>In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.</p>


Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

<p>Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.</p>


<p>Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.</p>


<p>Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).</p>


<p>Alphabet Inc paid Apple Inc US$20 billion (RM95.45 billion) in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.</p>


Google’s payments to Apple reached US$20b in 2022, antitrust court documents show

<p>Apple's plan to add generative artificial intelligence (AI) to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.</p>


Apple set for big sales decline as investors await AI in iPhones

<p>National Australia Bank Ltd (NAB) said it will buy back up to A$1.5 billion (US$1 billion or RM4.77 billion) of its own stock as profit at the lender came in line with expectations.</p>


National Australia Bank to buy back shares worth US$1b as profit dips

<p>Chelsea's bid to make it five Women's Super League titles in a row suffered a huge setback on Wednesday as they lost a 4-3 thriller to Liverpool, seriously denting the possibility of the Blues giving manager Emma Hayes a winning send-off.</p>


Chelsea WSL title hopes derailed by stunning 4-3 loss to Liverpool

<p>Barclays has kicked off a fresh round of redundancies, cutting "a few hundred roles" at its investment bank as it ramps up efforts to tackle underperformers and reinvest in new talent, sources with direct knowledge of the matter told <em>Reuters</em>.</p>


<p>Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary US customers and a slower-than-expected economic recovery in China.</p>


<p>Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest US health insurer's chief executive officer told a Congressional committee on Wednesday.</p>


UnitedHealth says hackers potentially stole a third of Americans' data

<p>(May 1): Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds that use options to goose yields.</p>

<p>A vocal chorus of analysts has been warning against this booming trade, to no avail. Assets in the derivatives-p...

<p>Aston Martin posted a bigger-than-expected first-quarter loss on Wednesday.</p>


<p>（吉隆坡2日讯）联合药业（Duopharma Biotech Bhd）获得总计5亿7809万令吉的供应合约后，今早飙升逾9%。</p>


获5.78亿合约 联合药业飙升逾9%

<p>ExecuJet MRO Services Malaysia, a subsidiary of luxury business aircraft maker Dassault Aviation, inaugurated its new maintenance, repair and overhaul (MRO) facility at Subang Airport on Thursday.</p>
