Hyflux International says it has received another non-binding LOI (letter of intent) from Oyster Bay Fund to invest up to S$500 million in the group, subject to regulatory clearance, due diligence and the execution of a definitive agreement.

Hyflux receives another LOI, this time from Oyster Bay Fund to invest up to S$500m

Fu Yu Corporation, the manufacturer of precision plastic parts, reported 1Q19 earnings of S$1.6 million, more than doubled from S$0.5 million in 1Q18, driven mainly by higher gross profit margin and a decrease in operating expenses.

Fu Yu 1Q earnings more than double to S$1.6 mil on higher margins, lower operating expenses

Australia's competition regulator will oppose to the A$15 billion (S$14.3 billion) merger between mobile phone and Internet data providers TPG and Vodafone Hutchison Australia (VHA).

Aussie competition regulator to block TPG-Vodafone merger

Developer Far East Orchard reported 1Q19 earnings of S$3.4 million, down 55.4% to S$7.7 million a year ago on lower share of profit of associated companies.

Far East Orchard reports 55% lower 1Q earnings of S$3.4 mil

GIC, Singapore’s sovereign wealth fund, has acquired a 10% interest in Terminal Investment Limited (TIL).

GIC acquires 10% stake in Terminal Investment Limited

Yeo Hiap Seng reported 1Q earnings surged more than sevenfold to S$10.2 million, from S$1.4 million a year ago, on one-off gains.

Yeo Hiap Seng 1Q earnings up more than sevenfold to S$10.2 mil on property disposal

Hyflux International, the debt-laden water company facing potential liquidation, has been granted a one-month extension of its debt moratorium to May 24 although it had asked for an extra three months.

Hyflux granted one-month extension of debt moratorium instead; new deadline is May 24

Best World International, the distributor of skincare, nutritional and wellness products, has been hit by damning reports by two separate short sellers on Wednesday morning: Bonitas Research and Valiant Varriors.

Best World shares down 9% on attacks by short sellers Bonitas Research and Valiant Varriors

Catalist-listed MeGroup has been appointed official distributor of Hyundai automobiles in Malaysia by Hyundai-Sime Darby Motors Sdn Bhd.

In its Tuesday filing, MeGroup will be able to operate a Hyundai 3S automobile dealership Bandar Bukit Raja in Klang, Selangor, with the award.

MeGroup awarded Hyundai dealership in Malaysia

Hyflux is suing former white knight investor SM Investments (SMI) in the Singapore courts for repudiation of the restructuring agreement agreed upon between the two parties in Oct last year.

Hyflux files lawsuit against former white knight SM Investments

Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and set for its best day in 10 months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.

EP Manufacturing shares set for best day in 10 months after assembly deal

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (CoA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

China's economy grew faster-than-expected in the first quarter, data showed on Tuesday, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt.

China's 1Q GDP growth solid but March data shows feeble demand

German Chancellor Olaf Scholz said he would raise trade, the war in Ukraine and climate issues as talks with Chinese leader Xi Jinping started in Beijing, underscoring the growing list of topics the two sides have to address.

Scholz says he will raise trade rules, Ukraine in talks with Xi

New home prices in China fell at their fastest pace in more than eight years in March as the debt woes of major property developers continued to drag on demand and the economic outlook.

China's new home prices decline at fastest pace since 2015

KUALA LUMPUR (April 16): Former prime minister Datuk Seri Najib Razak's appeal to recuse judge Datuk Collin Lawrence Sequerah in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial will be heard in August.

The appellate court has set Aug 20 to hear the matter following a case manag...

Najib's appeal to recuse judge in 1MDB-Tanore trial set for Aug hearing

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

For most of Singapore’s history as an independent nation, there has been a Lee at the helm. That’s now coming to an end.

Singapore charts new path after half-century of Lee family rule

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Australian police on Tuesday said a knife attack on an Assyrian church bishop and some followers in Sydney was a terrorist act motivated by suspected religious extremism, as the country reeled from a second stabbing incident in three days.

Australia says Assyrian church stabbing was terrorist act

Asian stocks fell and the dollar climbed to more than five-month highs on Tuesday as stronger-than-expected US retail sales for March further reinforced expectations that the Federal Reserve is unlikely to be in a rush to cut interest rates this year.

Asian shares slide on US rate cut rethink; China GDP beats estimates 

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and Heitech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, Heitech Padu form partnership to collaborate on IT projects

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

Alliance Bank’s 4Q earnings to rise by 37% y-o-y to RM179m, AmInvestment says

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

There is "no urgency" to cut US interest rates, Mary Daly, the president of the San Francisco Federal Reserve Bank, said on Monday, with the economy and labour market strong, and inflation still above the Fed's target of 2%.

US Fed should not act urgently to cut rates unless required, Daly says

The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.

S&P: Medium-term trajectory remains fraught with risk after recent attack by Iran on Israel

Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.

Bursa tracks weaker Wall Street showing to open lower 

US stocks closed sharply lower on Monday, as an early lift from a strong retail sales report succumbed to a jump in Treasury yields and concerns about rising geopolitical tensions between Iran and Israel.

Stocks close lower as Middle East tensions, Treasury yields weigh

The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.

Ringgit opens lower against dollar on strong US retail sales data 

JPMorgan Chase &amp; Co chief executive officer Jamie Dimon, who announced plans last year to sell one million shares in the lender, sold almost US$33 million (RM157.8 million) of stock on Monday, bringing his total sales to that level.

Jamie Dimon finishes million-share sale announced last year

Mark Zuckerberg won his bid to avoid personal liability in about two dozen lawsuits accusing Meta Platforms Inc and other social media companies of addicting children to their products.

Zuckerberg avoids personal liability in Meta addiction suits

Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.

Oil prices rise as Israel weighs response to Iran attack

Just a few months ago, life as a Paramount Global bondholder was pretty good.

Paramount’s high-grade bondholders confront junk-status scenarios

Taiwan Semiconductor Manufacturing Co, the dominant producer of advanced chips used in artificial intelligence applications, is expected to report a 5% rise in first-quarter profit on Thursday thanks to strong demand.

TSMC first-quarter profit expected to rise 5% on strong AI chip demand

President Joe Biden and first lady Jill Biden paid US$146,629 (RM701,217) in federal income taxes on a combined US$619,976 in adjusted gross income in 2023 — meaning the first family paid an effective federal income tax of 23.7% — according to tax filings released by the White House.

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