<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 8): Datuk Hasan Abd Rahman, the assemblyman of Sungai Rambai, is going to face misappropriation charges involving funds allocated for a strategic initiative linkage under the National Blue Ocean Strategy programme for Melaka in 2016.</p></div>

<div class=newsTextDataWrapInner><p>At the material time, he was a state executive councillor and in charge of the State Assembly Development and Coordination Committee or Japerun, Malaysian Anti-Corruption Commission chief commissioner Latheefa Koya said in a statement today.</p></div>

<div class=newsTextDataWrapInner><p>Hasan was arrested along with Japerun clerk Khuzaimah Abdullah today, before the two were subsequently released on bail.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>They will face charges at the Ayer Keroh Sessions Court at 8.30am tomorrow (Tuesday, July 9).</p></div>

<div class=newsTextDataWrapInner><p>According to Latheefa, Hasan is presently the chairman of Sungai Rambai Japerun.</p></div>


Datuk Hasan Abd Rahman, the assemblyman of Sungai Rambai, is going to face misappropriation charges involving funds allocated for a strategic initiative linkage under the National Blue Ocean Strategy programme for Melaka in 2016.

MACC: Sg Rambai assemblyman Hasan Ab Rahman to be charged with misappropriation of funds

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

KUALA LUMPUR (April 24): Rakuten Trade said Nationgate Holdings Bhd may extend it upward trajectory after breaking out from its one-month rectangular pattern yesterday.

In a technical view note on Wednesday, the research house said that in view of the stock bouncing off the 20-day expon...

Nationgate may extend upward trajectory, says Rakuten Trade 

KUALA LUMPUR (April 24): RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

In a trading stocks note on Wednesday, the research house said that as such, the bullish momentum may...

Censof observing a technical breakout, says RHB Retail Research 

KUALA LUMPUR (April 24): RHB Retail Research said YBS International Bhd is set to resume its uptrend after climbing above the 80.5 sen immediate resistance, surpassing the 21-day simple moving average line.

In a trading stocks note on Wednesday, the research house said that the bullish ...

YBS International set to resume uptrend, says RHB Retail Research 

MIDF says Axis REIT is strengthening its presence in Bukit Raja.

MORNING CALL: 24/4/24

Mergers and acquisitions (M&A) activities fell to the lowest in a decade in 2023. According to the “Global M&A Report” published by Bain & Co, the total M&A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

M&A activities hit a low in 2023, pickup expected this year

(April 24): Goldman Sachs Group Inc. shares rose to a record on Tuesday, eclipsing their previous closing high set more than two years ago.

The investment banking giant reported first-quarter earnings last week that included a massive profit beat, which one analyst heralded as a “near-p...

Goldman Sachs shares rise to notch first record high since 2021

(April 24): Digital payments company Block Inc., formerly known as Square, has finished the development of its Bitcoin mining chip as Chief Executive Jack Dorsey continues to advocate for a more accessible and decentralized system — an effort he’s championed since 2021.

The three-nanome...

Jack Dorsey’s block finishes development of Bitcoin mining chip

(April 24): International Business Machines Corp. is in advanced talks to acquire software company HashiCorp Inc., according to people with knowledge of the matter.

IBM and HashiCorp could reach an agreement as soon as Wednesday, said the people, who asked not to be identified discussin...

IBM is in advanced talks to acquire software provider HashiCorp

(April 24): Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begi...

Tesla to accelerate launch of cheaper cars after sales miss

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

<p>The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.</p>


Critical point failure could’ve led to fatal Lumut chopper crash, says expert

<p>While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.</p>


PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

<p>Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.</p>


Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

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EVENING 5: Five things you need to know today

<p>The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.</p>


Downed HOM chopper used for the first time in flyby, says defence minister 

<p>Sarawak’s strategic alliances with the UK's leading industry partners in the development of compound semiconductors will drive innovation to increase the capability of microchips to power new technologies and applications, said Sarawak Premier Tan Sri Abang Johari Tun Openg.</p>


Sarawak eyeing partnership with UK companies to boost semicon capabilities

<p>KOTA KINABALU (April 23): The Kibing Group has successfully exported its inaugural batch of solar glass manufactured in Sabah, totalling 672 tonnes, to Cambodia last Sunday (April 21).&nbsp;</p>


Kibing Group exports 672 tonnes of Sabah’s first batch of solar glass to Cambodia

<p>(April 24): U.S. 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.</p>

<p>Tesla kicked off the earnings cycle for technology heavyweights after markets c...

Wall Street closes higher as investors digest earnings, megacap outlook

<p>Inta Bina Group Bhd has bagged a contract worth RM169.67 million to develop a serviced apartment project in Country Heights.</p>


Inta Bina bags RM170m serviced apartment job in Country Heights

<p>IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.</p>


Helicopter tragedy: Victims’ post-mortems expected to be completed on April 24 afternoon

<p>NEW YORK/LONDON (April 24): Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the U.S. megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.</p>

<p>Treasury yields dipped after data showed U.S. business activity cooled to ...

Stocks gear up for Big Tech earnings; yen touches multi-year lows

<p>Wall Street's main indexes rose on Tuesday as some growth and chip shares gained, while stocks like General Motors and Spotify advanced on upbeat earnings updates ahead of quarterly reports from big technology companies.</p>


Wall Street gains on bright earnings, megacaps' support

<p>KOTA KINABALU (April 23):&nbsp;The Sabah government has not imposed state sales tax&nbsp;and the Royal Malaysian Customs Department has also not levied export duties on gold taken out of Sabah to Peninsular Malaysia, the Sabah State Legislative Assembly was told on Tuesday.</p>


No sales tax, export duties on gold taken out of Sabah to peninsula

<p>(April 24): Tesla Inc. is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.</p>

<p>The electric-vehicle maker plans to start production on the cheaper cars before the second half of 2025, when it had previously pledged to begi...

<p>US business activity cooled in April to a four-month low due to weaker demand, while rates of inflation eased slightly even as input prices rose sharply, suggesting some possible relief ahead as the Federal Reserve looks for signs that the economy is ebbing enough to bring inflation down further.</p>


US business activity cools in April; inflation measures mixed 

<p>KOTA KINABALU (April 23):&nbsp;A total compensation of RM651 million has been paid to 1,591 landowners and stakeholders involved in the construction of the Pan Borneo Highway project in Sabah.</p>


RM651 mil compensation paid to landowners involved in Sabah’s Pan Borneo Highway

<p>Office furniture maker AHB Holdings Bhd’s foray into the electric vehicles (EV) business has encountered a setback as its planned acquisition of a 51% stake in automotive distributor CAF Motor Sdn Bhd was mutually terminated.</p>


AHB's proposed acquisition of EV automotive distributor scrapped

<p>Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.</p>


<p>HHRG Bhd, formerly known as Heng Huat Resources Group Bhd, aims to raise between RM16.1 million and RM18.14 million through a private placement of up to 10% of its expanded issued share capital to yet-to-be identified third-party investors, at a price to be fixed.</p>
