<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 28): Maxim Global Bhd, formerly known as Tadmax Resources Bhd, is buying a piece of leasehold land measuring 9,775 sq metres in Setapak for RM25.7 million.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, Maxim said the purchase will enable the group to further supplement its existing land bank at strategic locations with potential growth.</p></div>

<div class=newsTextDataWrapInner><p>It also said the land buy, its fifth since September 2019, is in line with its aim to further strengthen its foothold in the property development and construction activities, it said, and in generating long-term sustainable income.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maxim, via its 51%-owned subsidiary Prominent Maxim Sdn Bhd, signed a sale and purchase agreement on Thursday with Anting Holdings Sdn Bhd for the acquisition. The purchase consideration, which it plans to finance using bank borrowings and internal funds, was based on a price per sq ft of RM244.26.</p></div>

<div class=newsTextDataWrapInner><p>Maxim has three on-going property development projects, namely Ganggarak Permai in Labuan, Residensi Metro Kepong in Kepong and Residensi Majestic Maxim in Cheras, which are expected to be completed between the last quarter of this year and the first quarter of 2023.</p></div>

<div class=newsTextDataWrapInner><p>Maxim shares rose half a sen or 1.85% to close at 27.5 sen translating into a market capitalisation of RM344.62 million.</p></div>


Maxim Global Bhd, formerly known as Tadmax Resources Bhd, is buying a piece of leasehold land measuring 9,775 sq metres in Setapak for RM25.7 million.

In a bourse filing, Maxim said the purchase will enable the group to further supplement its existing land bank at strategic locations with potential growth.

Maxim Global to buy land in Setapak for RM25.7m

Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the US, the world's biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices.

Oil prices rebound on prospect of US replenishing strategic reserve

Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

Yinson unit secures single largest term loan of US$1.3b to finance Agogo FPSO delivery

Matrix Concepts has unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban.

NEWS: Matrix Concepts unveils phase 2 of Resort Villa

Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Kumpulan Ikram Sdn Bhd that owns the Infrastructure University Kuala Lumpur.

Protasco gets offer from HK firm to buy its university unit

US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

We knew we had not seen the last of it. Banished 16 years ago, “Game 39” is about to come back to haunt football. Barely noticed amid a welter of headlines as the European season builds to a climax, Fifa has lifted its law blocking a nation’s league matches from being played in another country.

Business Of Sports: Under the radar, but Game 39 is back on the agenda

Feytech Holdings Bhd looks to raise some RM201.6 million from its initial public offering (IPO) on the Main Market of Bursa Malaysia, by issuing 252.94 million shares at 80 sen apiece.

Feytech Holdings aims to raise over RM201 mil from Main Market IPO at 80 sen apiece 

Minister of Communications Fahmi Fadzil stated that the unity government has made significant efforts to support the Indian community, including upgrading Tamil schools, ensuring the welfare of students, as well as providing assistance through the Indian Community Transformation Unit (mitra).

Significant efforts by unity government to support Indian community — Fahmi 

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue.

Westports' 1Q net profit rises 11% as container revenue climbs

Food ingredients supplier Agricore CS Holdings Bhd said on Thursday it has signed an agreement with M&A Securities to underwrite its initial public offering (IPO) on the ACE Market.

Agricore CS signs underwriting agreement for ACE Market IPO

<p>US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.</p>


<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>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>


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

<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>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>Shares of Duopharma Biotech Bhd surged more than 9% during early trade 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>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>


Luno launches two new digital assets

<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>Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;</p>


<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>Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;</p>


Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

<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>


Bond markets face struggle to surf 'Treasury tsunami'

<p>DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.</p>


DBS CEO Gupta sees another record year after posting better than expected 1Q earnings 

<p>The US Federal Reserve (Fed) held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.</p>


Fed leaves rates unchanged, flags 'lack of further progress' on inflation

<p>The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told <em>Reuters </em>on Wednesday.</p>


US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

<p>Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue.</p>


<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>


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

<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>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>


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

<p>New York police officers arrested almost 300 people as they broke up escalating pro-Palestinian protests at two colleges amid an outpouring of anger over the Israel-Hamas war.</p>
