<div class=newsTextDataWrapInner>KUALA LUMPUR (March 24): Tan Sri Dr Lim Wee Chai, founder and executive chairman of Top Glove Corp Bhd, has emerged as a substantial shareholder in LBS Bina Group Bhd after purchasing 103.13 million shares or a 6.81% stake in the property developer.</div>

<div class=newsTextDataWrapInner>In a filing with Bursa Malaysia today, LBS Bina said Wee Chai bought the shares via direct business transactions between March 19 and 24 at 32 sen apiece or RM33 million.&nbsp;</div>

<div class=newsTextDataWrapInner>Separate filings show that Wee Chai bought the shares in several blocks from LBS Bina's single largest shareholder Gaterich Sdn Bhd, which is the private investment vehicle of LBS Bina founder Datuk&nbsp;Seri Lim Bok Seng&nbsp;and his family. Post-disposal, Gaterich has a 35.88% stake in LBS Bina.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>At the closing today, shares in LBS Bina were up one sen or 2.94% at 35 sen with a market capitalisation of RM530.18 million. Year-to-date, LBS Bina's share price has fallen 30%.</div>

Tan Sri Dr Lim Wee Chai, founder and executive chairman of Top Glove Corp Bhd, has emerged as a substantial shareholder in LBS Bina Group Bhd after purchasing 103.13 million shares or a 6.81% stake in the property developer.

Top Glove founder emerges as substantial shareholder of LBS Bina

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.

China probes agriculture minister for suspected disciplinary violations

Sarawak is optimistic that its state revenue will continue to grow over the next two to three years, driven by the state's strong economic performance this year, said Premier Tan Sri Abang Johari Tun Openg.

Abang Johari optimistic Sarawak's revenue will grow in next two to three years

A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

Russia froze Deutsche Bank, UniCredit assets in Gazprom JV case

The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

Sulu case: Madrid Court of Appeal upholds Stampa's conviction, sentence, says Azalina

Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

Canada is looking at EV tariff policy after Biden’s move against China

Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

Berjaya Asset officially launches Times Square 2

Singapore will resume flying its F-16 fleet after suspending training when one of the jets crashed earlier this month, the defence ministry on Saturday.

Singapore to resume flying F-16 jets after crash this month

If the past three years have taught us anything, it is that low inflation cannot be taken for granted.

Trump’s Plans for the Fed Would Revive 1970s-Style Inflation The New Global Economy

Two men were arrested on Friday for attempting to trespass into Istana Negara.

In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.

Two men arrested for attempting to trespass into Istana Negara

The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Suspect in Ulu Tiram police station attack acted alone, says Saifuddin Nasution

Genting Singapore has confirmed its interest in developing an integrated resort (IR) development in the United Arab Emirates (UAE), as per its executive chairman Tan Sri Lim Kok Thay’s comments to shareholder queries at the gaming group’s annual general meeting (AGM) last Friday.

Genting Singapore keen on UAE casino resort development

The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.

A deal to bring the experts in

Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur.

A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.

Stock market's record-setting rebound may have further to go

The seven individuals who were arrested on Friday over an attack at the Ulu Tiram police station here will be brought to the Magistrate's Court here on Saturday to obtain a remand order.

Ulu Tiram police station attack: Seven individuals to be taken to court for remand

Seven individuals, including a Singaporean, were remanded for seven days from Saturday until May 24, to assist in the investigation into the attack on the Ulu Tiram police station, early on Friday morning.

Ulu Tiram police station attack: Singaporean among seven remanded

The suspect killed in the attack at the Ulu Tiram police station, here on Friday, was believed to have acted alone, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Two men were arrested on Friday for attempting to trespass into Istana Negara.

In a statement on Friday, Kuala Lumpur police chief Commissioner Datuk Rusdi Mohd Isa said a police officer had stopped a Perodua Kembara vehicle that had attempted to enter Gate 3 of Istana Negara with the passengers intending to meet the King.

As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the FBM KLCI reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.

The Week Ahead: Corporate earnings, trade data and US Fed minutes in focus

The Madrid Court of Appeal has upheld the contempt of court conviction and sentence of arbitrator Gonzalo Stampa in the Sulu claimants case against Malaysia.

Home Minister Datuk Seri Saifuddin Nasution Ismail has given his assurance that the Jemaah Islamiyah (JI) movement in the country is still under control.

Saifuddin Nasution: Jemaah Islamiyah movement in Malaysia still under control

Crypto lender Genesis Global received court approval on Friday to return about US$3 billion (RM14.06 billion) in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.

Crypto lender Genesis to return US$3b to customers in bankruptcy wind-down

Spot silver surpassed US$30 an ounce to hit the highest level in more than a decade.

The precious metal closed 6.5% higher at US$31.49 an ounce Friday, the highest since February 2013. It has soared 32% this year, outpacing gold and making it one of the year’s best-performing major commodities.

Spot silver tops US$30 an ounce to hit highest since 2013

Canada is examining whether it needs to raise tariffs on Chinese-made electric vehicles (EVs) after the White House announced major new levies on them, Trade Minister Mary Ng said.

Singapore will resume flying its F-16 fleet after suspending training when one of the jets crashed earlier this month, the defence ministry on Saturday.

A Russian court has frozen local assets of Germany’s Deutsche Bank AG and Italy’s UniCredit SpA under lawsuits totalling over €1 billion (RM5.1 billion) filed by a Gazprom PJSC venture.

If the past three years have taught us anything, it is that low inflation cannot be taken for granted.

If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.

Business of Sports: Bull market correction is a gain for F1

China's agriculture minister is being investigated for suspected violations of law and discipline, the country's anti-graft watchdog said on Saturday.