KUALA LUMPUR (Oct 9): Rapid Synergy Bhd is disposing of a freehold land in Desa Sri Hartamas, together with a five-storey commercial building, for RM32.39 million. The building, known as Wisma Rapid, comprises 39 units of commercial lots with a basement car park level, the company said in a bourse filing. Rapid Synergy expects to recognise a gain of RM20.07 million from the disposal of the land measuring 1,338 square metres to Segi Permai Sdn Bhd. The group said it has earmarked RM22 million of the sale consideration for the redemption of a loan from UOB Bank.

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SHAH ALAM: Padiberas Nasional Bhd (Bernas) has denied allegations of the presence of plastic rice in its products that have been circulating on social media. In a statement today (October 6), Bernas assured that the imported rice supplied by the company is genuine and safe for consumption. "Bernas always ensures a high level of compliance with standards and strict quality monitoring at every stage of the procurement of both imported and local rice supplies. "All types of imported rice brought into the country must follow strict requirements and a thorough inspection process, starting from the source country until it reaches our country," read the statement.

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KUALA LUMPUR: Bukit Aman's warning to police officers who are in cahoots with criminal syndicates will hopefully signal a start of moves to combat corruption in its ranks. Criminologists and a former police officer said Federal Criminal Investigation Department (CID) director Datuk Seri Mohd Shuhaily Mohd Zain's disclosure of police involvement in corruption would have a ripple effect on a force known for practising a "code of silence". They believed Shuhaily's disclosure highlights a need for greater transparency and accountability in law enforcement to tackle corruption and uphold the rule of law.

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(Oct 5): Malaysian bonds beat all their regional peers last quarter, as rising oil prices bolstered the government's coffers. The expected rollback of oil subsidies in next week's budget announcement may provide another updraft. Bonds of the oil-exporting nation returned a relatively small loss of 0.7% in the three months through September, amid a torrid period for global debt markets. In comparison, their counterparts in Indonesia slid 3.6%, while in Thailand, they tumbled 5.7%. The Malaysian government has been talking about plans to lower oil subsidies for some time to reduce its budget deficit.

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KOTA KINABALU: Prime Minister Datuk Seri Anwar Ibrahim today thanked 12 Sabah Pakatan Harapan elected representatives for withdrawing their originating summons (OS) against the government last month. "Sabah Pakatan Harapan had challenged the government over the implementation of Malaysia Agreement 1963 (MA63). I would like to thank them for withdrawing the originating summon. "After taking over the state government, Sabah Chief Minister Datuk Seri Hajiji Noor is aware that I have try the best to fulfil what has been promised on several matters based on the discussions between Sabah, Sarawak and peninsular Malaysia (in the MA63).

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THE current Chief Judge of Malaya Tan Sri Mohamad Zabidin Mohd Diah is due to retire in March next year after having served an extra six-month extension to his term of office. The foremost frontrunners to take over - based on age and experience - are Federal Court Justices Tan Sri Nallini Pathmanathan (main pic, left), Datuk Zabariah Mohd Yusof (main pic, middle) and Datuk Seri Hasnah Hashim (main pic, right) - all of whom turned 64 this year. Whoever is appointed will be the chief judge of Malaya for a brief period of two years and six months - assuming their term of office is extended for another six months.

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KUALA LUMPUR (Oct 9): The Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has given his consent to the 17 laws that were passed during the Second Meeting of the Second Session of the 15th Parliament, held from May 22 to June 15. The matter was informed by Dewan Rakyat speaker Tan Sri Johari Abdul before the Question for Oral Answers session during the Dewan Rakyat sitting here on Monday. He said the laws were the Finance Act 2023, the Road Transport (Amendment) Act 2023, the Land Public Transport (Amendment) Act 2023, and the Commercial Vehicle Licensing Board (Amendment) Act 2023.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-10-09-story-h-218002377-King_gives_consent_to_17_laws_passed_by_Parliament

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-10-03-story-h-218806675-Awang_Hashim_claims_heavy_police_presence_at_PN_ceramah_scaring_off_pub

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WASHINGTON - The State Department on Tuesday said the United States respects the right to freedom of speech and assembly of individuals when asked about American factions of the movement for a Sikh separatist state that has long frustrated India. The Indian government has complained about the presence of Sikh separatist groups outside India, especially in Canada. The groups have kept alive the movement for Khalistan, or the demand for an independent Sikh state to be carved out of India. One such group called Sikhs for Justice is based in the United States and has been organizing an unofficial so-called "Khalistan Referendum".

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TOKYO : Japan issued a tsunami advisory for some coastal regions early Monday (Oct 9) following a series of shallow quakes in the Izu islands in the Pacific Ocean but it was later lifted after no damage was reported from the minor waves generated. Tsunami waves of 60cm (24 inches) hit Hachijojima island, 280km (170 miles) south of Tokyo, while ones of 40cm and 20cm were recorded in western Kochi prefecture and southern Miyazaki prefecture, respectively, according to the Japan Meteorological Agency.

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-07-story-h-218038124-What_does_the_September_jobs_report_mean_for_Americans

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-05-story-h-218722296-EVs_are_insignificant_in_terms_of_climate_impact_Matthew_Wielicki

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SEOUL : Seoul on Monday (Oct 9) unveiled plans for developing an artificial intelligence-based system to monitor and track unusual behaviour among subway passengers, including instances of violence, with the goal of completing the system by the end of the year. The announcement from Seoul Metro and the Seoul Digital Foundation comes in the wake of a series of incidents that have heightened public concern about safety on the subway. These include a stabbing incident in August that saw two passengers injured.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-09-story-h-218002536-Seoul_to_use_AI_to_enhance_public_safety_on_subways

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KUALA LUMPUR: Malaysia is on the right track en route to limiting the temperature increase to 1.5 degrees Celsius above pre-industrial levels as agreed under the Paris Agreement in 2015. Natural Resources, Environment and Climate Change minister Nik Nazmi Nik Ahmad said in just about eight years, Malaysia had managed to progress and reduced one degree Celsius of the forecasted increase in temperatures by 2050. "There was a study a few years back that said without what we agreed in the Paris Agreement in 2015, we would be heading to an increase of about four degrees Celsius by 2050.

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A PERIKATAN Nasional (PN) lawmaker who was ‘caught on camera vaping' when he was just holding a pen close to his mouth wants the Dewan Rakyat speaker to summon and reprimand Prime Minister Datuk Seri Anwar Ibrahim's photographer who was responsible in circulating pictures of him allegedly smoking vape recently. Tanah Merah MP Datuk Seri Ikmal Hisham Abdul Aziz who confessed to be a non-smoker 'and can't even stay close to people who smoke' insisted that such action is necessary as a lesson to the photographer involved after it was proven that he did not vape inside the Dewan Rakyat.

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KUALA LUMPUR: Pakatan Harapan (PH) communication director Fahmi Fadzil refuted claims made by Pahang Perikatan Nasional (PN) chairman Datuk Seri Saifuddin Abdullah that Federal Land Development Authority (Felda) voters favoured PN in Pelangai. He said based on the Pelangai by-election results, it was proven that Saifuddin's claims were inaccurate. "Saifuddin's claim that all Felda voters are with Perikatan Nasional (PN) is not true. "Out of these three, the majority, within 10%, leans toward Perikatan Nasional, 10% leans toward the unity government, and one more lost with a margin of 5 votes," he said during a press conference after officiating World Post Day at Pos Malaysia HQ.

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KUALA LUMPUR: Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi claimed that the reduced majority obtained by its candidate in the Pelangai state by-election last Saturday was due to false accusations made against him. "In any by-election, if the candidates are attacked with various slanders and issues, it will definitely affect the majority votes obtained by them. "But what is important is that the victory (in Pelangai) is not small," he told reporters after launching the Halal On Track programme here today.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-10-09-story-h-218002439-Pelangai_By_Election_BN_s_reduced_majority_due_to_false_accusations_aga

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KUALA LUMPUR: The ease of doing business in Malaysia remains a concern as some investors have to wait for a long period for approvals from the respective authorities. Prime Minister Datuk Seri Anwar Ibrahim said the cabinet would present updates on the major investments during its meeting tomorrow. "I have asked for a report on five, six companies to find out when the approval in principle was issued, the time taken, reason given and the final approval. "Despite all the economic policies, with the Madani (framework), some investors had to wait for two years for the EIA (Environmental Impact Assessment) approval," he said when citing an example of this occurrence in his closing address at the 2023 Khazanah Megatrends Forum (KMF).

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KUALA LUMPUR (Oct 9): The Public Finance and Fiscal Responsibility Bill (RUU) 2023 was presented for its first reading at Dewan Rakyat on Monday. Deputy Finance Minister I Datuk Seri Ahmad Maslan, who presented the Bill, said the second reading was also scheduled for this sitting. The Bill aims to make provisions for the government's responsibility, accountability, governance and transparency in managing public finances and fiscal risk, particularly in relation to revenue, expenditure, loans and debt; reporting annual budget documents and other document publications; and to provide for other related matters.

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KOTA KINABALU: Parti Gagasan Rakyat Sabah has accused its opponents of using smear tactics to taint the good name of Chief Minister Datuk Seri Hajiji Noor ( pic ) over social media allegations of abuse of power in land deals with a Sarawak businessman. Gagasan Rakyat information chief Datuk Nizam Abu Bakar Titingan said the allegations made in the "Edisi Panas Sabah" Facebook page were all baseless. "Claims on the page are filled with fabrications. "A check with the state Land and Survey Department shows.

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KUALA LUMPUR: The government has been urged to hold special proceedings to further explain the treaties signed between Malaysia and Indonesia on the Territorial Sea Delimitation in the Sulawesi Sea and Straits of Melaka.  Datuk Seri Dr Ronald Kiandee (Beluran-PN) said although this could not  be done in the Dewan Rakyat, it can be presented to the Public Accounts Committee (PAC) or the Special Select Committee on Foreign Affairs.  "Malaysia initially did not agree to the agreement due to the issues but when the new government came in, it was signed abruptly.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-10-09-story-h-218004276-Conduct_special_proceeding_for_Malaysia_Indonesia_treaties

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HONG KONG: Country Garden is considering the announcement of a restructuring plan for its offshore debt in the near future, local media Cailianshe reported on Monday. Country Garden, China's largest private property developer, declined to comment on the report. The company, which missed two dollar interest payments last month, faces another deadline on Monday with two coupons totalling $66.8 million coming due. - Reports

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BERLIN Investor morale in the euro zone fell less than expected at the start of October, with Germany's economic weakness continuing to drag on the region but expectations rising slightly, a survey showed on Monday. Sentix's index for the euro zone declined to -21.9 points in October from -21.5 in September, better than the -22.8 estimated in a Reuters poll of analysts. "In the euro zone, and especially in Germany, the economic situation remains weak and the recessionary tendencies persist," said Sentix managing director Manfred Huebner.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-09-story-h-218002508-Drop_in_euro_zone_investor_mood_slows_in_October_survey

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-04-story-h-218779058-Jim_Cramer_sits_down_with_Macy_s_outgoing_and_incoming_CEOs

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SEOUL Samsung Electronics and SK Hynix will be allowed to supply US chip equipment to their China factories indefinitely without separate US approvals, South Korea's presidential office and the companies said on Monday. The US had been expected to extend a waiver granted to the South Korean chipmakers, on a requirement for licences to bring US chip equipment into China. "Uncertainties about South Korean semiconductor firms' operations and investments in China have been greatly eased; they will be able to calmly seek long-term global management strategies," said Choi Sang-mok, senior presidential secretary for economic affairs.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-09-story-h-218002503-South_Korean_firms_get_indefinite_waiver_on_US_chip_gear_supplies_to_Ch

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-05-story-h-218748304-Bill_Gross_on_Bond_Yields_Housing_and_Merger_Arbitrage

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Big Wall Street brokerages, including J.P.Morgan and Goldman Sachs, started coverage of Arm Holdings with their top ratings a month after its blockbuster market debut, expecting the chip designer to deliver strong revenue and earnings growth. However, since the British company surged almost 25% on its debut on the Nasdaq on Sept. 14, its stock has drifted to ultimately close at $54.08 on Friday, compared with its initial public offering (IPO) price of $56.10. The IPO had 30 underwriters, all of whom had to wait until Oct.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-09-story-h-218002535-Top_Wall_St_brokerages_rate_Arm_s_stock_a_buy_on_earnings_potential

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WASHINGTON: Blue Origin, the aerospace company founded by billionaire Jeff Bezos, expects to break up a corporate partnership formed years ago to build a commercial space station, reassigning staff and changing leadership as it adapts to more urgent priorities, according to several people familiar with the changes. Earlier this year, the company reassigned a majority of its employees working on Orbital Reef, a commercial space station it had planned to build with Sierra Space, according to three sources familiar with the moves.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-04-story-h-218777939-Blue_Origin_sees_split_in_space_station_partnership

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GSK plc clinched a partnership with Chinese vaccine maker Chongqing Zhifei Biological Products Co to boost sales of its blockbuster shingles immunisation locally.   Under the agreement, GSK will sell £2.5 billion worth of its Shingrix shot to Zhifei over a three-year period. The Chinese company, which already distributes Merck & Co's Gardasil, will promote the shot across 30,000 vaccination points to spur its uptake, GSK said in a statement on Monday. Tapping growing demand among China's swelling ranks of senior citizens could help GSK reach its goal of doubling Shingrix's revenue to more than £4 billion by 2026 - especially as demand cools in other markets.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-09-story-h-218002507-GSK_partners_with_Chinese_vaccine_maker_to_boost_shingles_shot_sales

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CS Tan 4.9 / 5.0 This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-10-07-story-h-218060070-Strong_jobs_report_a_sign_Biden_s_policies_are_working_Acting_Labor_Sec

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