<div class=newsTextDataWrapInner>HONG KONG (April 29): MUI Group appointed Rothschild to advise on the sale of Corus Hyde Park Hotel near Paddington valued at around GBP200m, Times of London reports, without saying where it got the information.</div>

<div class=newsTextDataWrapInner>* MUI Group, Rothschild declined to comment to the Times</div>
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MUI Group appointed Rothschild to advise on the sale of Corus Hyde Park Hotel near Paddington valued at around GBP200m, Times of London reports, without saying where it got the information.

MUI names Rothschild as advisor for Corus Park Hotel sale - report

The UK's FTSE 100 cruised to a record high on Tuesday, coming off an extended weekend, boosted by Shell's jump on its plans to sell some Malaysian assets, while BP slipped after it missed earnings forecast.

Shell lifts Britain's FTSE 100 to record high

Global shares traded around one-month highs on Tuesday, boosted by renewed confidence in US interest rate cuts, while a weaker yen and small dip in the Australian dollar kept the dollar steady.

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MAIN Market-listed Kelington Group Bhd — seeing early signs of development amid the recovery of the semiconductor industry and intending to capitalise on potential demand for its ultra-high purity (UHP) gas solution from technology players — has positioned itself in Hong Kong and Germany to meet ...

Kelington positions itself to capture new markets via Hong Kong and Germany

Due to the inherently global nature of the internet, local laws handling cybercrime has its limitations as it becomes increasingly difficult to trace and punish bad actors.

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Thailand’s new Finance Minister Pichai Chunhavajira urged the central bank to support government policies, signalling pressure may continue on the Bank of Thailand to cut interest rates.

New Thai finance chief signals rate-cut calls will persist

Thai drinks maker General Beverage Co is planning a Singapore initial public offering for a unit that distributes its brands including IF coconut water overseas, according to people familiar with the matter.

Thai drinks firm plans Singapore IPO for coconut water exporter

Dubai’s financial centre is expecting a record number of firms to set up shop in the Middle East business hub this year after attracting hedge fund heavyweights such as Millennium Management and asset managers like State Street.

Dubai’s financial centre expects ‘busiest year’ as firms rush in

The CEO of cryptocurrency exchange Binance on Tuesday accused Nigeria of setting a dangerous precedent after its executives were invited to the African country and then detained as part of a crackdown on crypto.

Nigeria sets dangerous precedent by detaining Binance execs, CEO says

Sugar mills in Australia belonging to Wilmar International Ltd and representing more than half of the country’s production face industrial action from Thursday over demands for higher pay, a union official said.

Wilmar's sugar mills in Australia face industrial action over pay

The Philippines' largest telecommunications group PLDT is in talks to sell up to 49% of its data centre business to Japan's Nippon Telegraph and Telephone (NTT), PLDT chairman Manuel Pangilinan told Reuters on Tuesday.

Philippines' PLDT in talks to sell up to 49% of data centre business to Japan's NTT

Malaysian stocks hit RM2 trillion in market capitalisation for the first time ever while the benchmark index FBM KLCI surged to a two-year high on its fourth straight day of rally on Tuesday.

Bursa Malaysia's market capitalisation hit RM2 trillion for first time ever, KLCI at two-year high

“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.

Report: 'Black Swan' fund manager Mark Spitznagel expects worst stock market crash since 1929

A US judge on Monday formally ended the US government's criminal case against Goldman Sachs related to the Wall Street bank's work for the Malaysian fund 1Malaysia Development Bhd (1MDB) after it met its obligations and paid US$2.9 billion (RM13.75 billion) in penalties.

Goldman Sachs criminal case over 1MDB formally ends

Investment analysts have valued Main Market-bound Feytech Holdings Bhd at between 95 sen and RM1.13.

Analysts value Main Market-bound Feytech at between 95 sen and RM1.13

Initial public offerings on Bursa Malaysia have largely delivered share price gains, offering hope to other companies seeking to raise funds while providing confidence to investors to bet on new listings.

Bursa Malaysia's 2023 IPOs largely deliver gains without major exits

Sime Darby Plantation Bhd (SDP) is making a foray into green industrial park, starting with the proposed development of the Kerian Integrated Green Industrial Park (KIGIP) in Perak.

Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

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Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project with Saudi Aramco at the Pengerang Integrated Complex (PIC) in Johor.

Anwar to meet with Petronas to discuss project in Pengerang

Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.

Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

The Federal Court on Tuesday ruled that it is not intervening with the High Court’s decision in not allowing businessman Ricky Wong Shee Kai to come back to Malaysia’s jurisdiction should he want to participate in civil court proceedings against him and his mother and Wong SK Holdings Sdn Bhd following an action by the Securities Commission Malaysia.

Federal Court will not intervene in Ricky Wong's High Court decision for him to be physically present in civil proceedings

RHB Retail Research said S P Setia Bhd is poised to resume its uptrend after climbing above the 21-day simple moving average (SMA) line, while eyeing a spot above the RM1.50 threshold on Monday.

S P Setia poised to resume its uptrend, says RHB Retail Research 

Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.

Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

Global shares traded around one-month highs on Tuesday, boosted by renewed confidence in US interest rate cuts, while a weaker yen and small dip in the Australian dollar kept the dollar steady.

Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.

Malaysia remains as key market for low-cost airline Scoot — CEO

CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.

Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.

Pekat inks agreement to acquire stake in local switchgears supplier

Hong Leong Investment Bank (HLIB) Research said it anticipates Samaiden Group Bhd posting a stronger second half of 2024 (2H2024) earnings, with some projects reaching a stronger recognition cycle.

HLIB anticipates Samaiden to post stronger 2H2024 earnings 

Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.

Bursa Malaysia launches platform for remisiers to showcase portfolio

US stock indexes closed higher on Monday, their third straight session of advances, as investors continued to gain hope that there was a greater chance of the Federal Reserve (Fed) cutting interest rates this year.

Wall Street closes higher for third session on rate cut optimism

France would welcome China's electric vehicle (EV) giant BYD if the company should it decide wanted to open a factory in France, Finance Minister Bruno Le Maire said on Monday.