<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 29): Pacific Century Group is venturing into Malaysia's takaful market through its insurance arm, FWD Group — which is backed by Hong Kong billionaire Richard Li.</p></div>

<div class=newsTextDataWrapInner><p>FWD Group has established a takaful unit called FWD Takaful Bhd in Malaysia for this venture.</p></div>

<div class=newsTextDataWrapInner><p>In a statement today, FWD Takaful said it will officially launch the brand today, introducing its vision of changing the way people feel about takaful.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"Marking FWD Group's ninth market in just five years, the brand will leverage FWD's strength and expertise in the insurance and protection business to cement its position locally as a family takaful operator, offering innovative and easy-to-understand products and a straight forward approach to claims," it added.</p></div>

<div class=newsTextDataWrapInner><p>Finance Minister Lim Guan Eng will be the ceremony's guest of honour later in the evening today.</p></div>

<div class=newsTextDataWrapInner><p>Li will also be present at the launch, together with Pacific Century director Peter Allen, FWD's managing director of emerging markets and group chief distribution officer Binayak Dutta, executive vice-president Arthur Lee and FWD Takaful chief executive officer Salim Majid Zain.</p></div>


Pacific Century Group is venturing into Malaysia's takaful market through its insurance arm, FWD Group — which is backed by Hong Kong billionaire Richard Li.

FWD Group has established a takaful unit called FWD Takaful Bhd in Malaysia for this venture.

Tycoon Richard Li's FWD enters Malaysia's takaful market

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.

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(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.

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

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(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...

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(April 24): This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

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Xi’s armada is winning the battle for energy in South China Sea

SEOUL (April 24): Kim Yo Jong, the powerful sister of North Korean leader Kim Jong Un, said the country will continue to build overwhelming and the strongest military power to protect its sovereignty and regional peace, the North's KCNA news agency reported on Wednesday.

Kim said a seri...

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(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.

Tesla kicked off the earnings cycle for technology heavyweights after markets c...

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LONDON (April 24): Ruthless Arsenal threw down the gauntlet in the Premier League title race with a 5-0 thrashing of London rivals Chelsea to roar three points clear at the top of the table on Tuesday.

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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.

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<p>While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts did not change their recommendations on the group, as there is still an arduous journey ahead for the group to address its balance sheet position.</p>


Sapura Energy not out of the woods yet as large debts still in its way

<p>KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.</p>


Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

<p>Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont Kiara. &nbsp;</p>

<p>The project, awarded by Kiaramas Development Sdn Bhd, involves the construction of three blocks of condominiums with car park podiums in Jalan Desa Kiara.&nbsp;The contract period is 42 months from May 2, according to Crest Builder in a filing with Bursa Malaysia on Tuesday.</p>


Crest Builder bags RM486m condominium project in Mont Kiara

<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>KUALA LUMPUR (April 23):&nbsp;The Iskandar Regional Development Authority’s (IRDA) target to achieve&nbsp;cumulative investments of RM636 billion by 2030 is among Iskandar Malaysia’s strategies to assist the country in becoming one of the top 30 global economies and the top 12 in global competitiveness.</p>


Iskandar Malaysia’s RM636b investment target to help propel country into world's top 30 economies — PM

<p>Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.</p>

<p>“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.</p>


Comfort Gloves reports fire at new Taiping warehouse

<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>The Malaysian Oil, Gas &amp; Energy Services Council (MOGSC) has called on oil and gas (O&amp;G) stakeholders, especially financial institutions, not to write off O&amp;G services and equipment (OGSE) players in the energy transition agenda, as they still have a role to play.</p>


Don't forget O&G services and equipment players in energy transition agenda, says industry association

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<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>


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<p>KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.</p>

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<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>


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<p>KUALA LUMPUR (April 23): Construction outfit Haily Group Bhd has secured a RM109.5 million contract to undertake the construction and completion of 332 units of double-storey terrace houses in Pontian, Johor.</p>


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<p>Ramssol Group Bhd, a human capital management (HCM) solutions provider, reported a near doubling of its first quarter profit mainly due to certain projects with higher profit margin and the distributorship of HCM licences.</p>


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<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>


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<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>


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<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>Axis Real Estate Investment Trust (Axis REIT) reported a 39.5% surge in its net trust income for the first quarter ended March 31, 2024 (1QFY2024), attributable to post-development contributions from its Bukit Raja Distribution Centre 2, and new tenancies in its Shah Alam Distribution Centre 3.</p>


Axis REIT sees 40% jump in 1Q net trust income, to distribute 2.3 sen per unit

<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>
