KUALA LUMPUR: CTOS Digital Bhd has upped its stake in RAM Holdings Bhd by an additional 3.5%, bringing its total shareholdings in the bond rating agency to 8.1%. CTOS had previously also fully funded its RM10.1mil acquisition of 4.6% stake or 462,500 shares in CTOS in July with the IPO proceeds. "We acquired this additional stake in RAM as we look to realise the strong synergies between both companies. According to the statement, the acquisition is not subjected to the approvals of CTOS Digital's shareholders or other relevant regulatory authorities. Article type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights

KUALA LUMPUR: CIMB Group Holdings Bhd ’s wholly-owned subsidiary CIMB Group Sdn Bhd (CIMBG) has completed the sale of 24.99% and 25% of its shareholding in CGS-CIMB Securities International Pte Ltd (CSI) and CGS-CIMB Holdings Sdn Bhd (CCH), respectively, to China Galaxy International Financial Holdings Ltd (CGI). CSI and CCH are the holding companies of the group’s stockbroking joint venture (JV) with China Galaxy Securities (CGS), known as CGS-CIMB Securities. In 2018, CIMB Group entered into a 50:50 JV with CGS to operate a regional stockbroking business in Asia. The existing business collaboration between CIMB Group and CGS-CIMB Securities remains and will be operating as usual. The partnership is in line with CIMB Group’s strategic direction to collaborate with the right partners to complement its service offerings and products, it added.

SHAH ALAM (Dec 7): A total of 157,000 COVID-19 vaccine booster shots would be given for free to Selangor residents beginning Wednesday (Dec 8) under the SelVax Booster Programme, said Menteri Besar Datuk Seri Amirudin Shari. “The list of the Selcare clinics involved in the SelVax Booster Programme is available on the website, https://selcareclinic.com/our-clinic/ or via the SELangkah application,” he said at a news conference, here, on Tuesday (Dec 7). The public is however, advised to register first with the SELangkah application for the booster dose to avoid congestion at the clinics involved. “The booster shot given is that of the Sinovac vaccine which is suitable for recipients of the two earlier doses of any vaccine received. Up to Nov 26, there were 616,980 cases monitored through the SELangkah system which managed to identify 38,809 cases of deteriorating health conditions while isolating themselves at home.

DNB had awarded the 5G infrastructure deployment contract to Ericsson, and OCK could benefit directly from this contract,” he tells The Edge in a virtual interview. DNB’s plan is to set up 500 5G sites in Putrajaya, Cyberjaya and Kuala Lumpur by December, Ooi reveals. “We expect to see an additional 3,500 5G sites next year, followed by another 4,000 to 5,000 5G sites in 2023. “So, we are talking easily 8,000 to 10,000 5G sites in the coming years, which is very significant. According to Ooi, OCK is anticipated to directly and indirectly benefit from Jendela.

(Reuters) - Rohingya refugees from Myanmar are suing Meta Platforms Inc, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate speech that contributed to violence. The complaint says it seeks to apply Burmese law to the claims if Section 230 is raised as a defense. More than 730,000 Rohingya Muslims fled Myanmar's Rakhine state in August 2017 after a military crackdown that refugees said included mass killings and rape. In 2018, U.N. human rights investigators said the use of Facebook had played a key role in spreading hate speech that fueled the violence. In September, a U.S. federal judge ordered Facebook to release records of accounts connected to anti-Rohingya violence in Myanmar that the social media giant had shut down.

PETALING JAYA: The Health Ministry reported 4,965 new Covid-19 cases on Tuesday (Dec 7). Health director-general Tan Sri Dr Noor Hisham Abdullah tweeted that this brought the cumulative infections in the country to 2,667,999. The number of new cases according to state will be shared by the Health Ministry on its CovidNow portal.

Verdict: Red_Tick TRUEIn its early days (from 1912 to 1948), the Olympics gave out medals for art competitions. More than 150 medals were awarded during these four decades, in five categories - painting, sculpture, music, architecture and literature. All works entered for these art competitions had to be inspired by sports. In 1948, art competitions were held for the last time in the Olympics. At least, he would be the oldest medal winner if the art competitions still counted.

I worked and acted at the behest and instructions of the Minister of Finance, to assist him with his vast and heavy responsibilities. Mahathir singled me out as “a trusted adviser to former finance minister Lim Guan Eng” and accused me of “unauthorised involvement in government business”. The project involved is Exchange106 which is part of the controversial Tun Razak Exchange, a 1Malaysia Development Bhd (1MDB) legacy. The project is estimated to cost approximately RM3 billion, of which RM1.8 billion was to be funded via a loan. This is after Najib has abused his position as the Finance Minister to bailout the private project with RM1.8 billion guaranteed by the Government.

Police also confiscated the cake knife that was used in the attack, he added. He said the suspect, a person with disabilities (OKU) card holder, allegedly went on a rampage because he had not taken his psychiatric medication for some time. "The suspect has to take sedatives prescribed by Hospital Banting every day,” ACP Wan Kamarul told an Operasi Cegah Jenayah press conference on Monday (Dec 6). He said the suspect, who suffered from seizures and anaemia and has no criminal record, is under remand until Tuesday (Dec 7). The case is being investigated under Section 302 of the Penal Code for murder, he added.

Suu Kyi "was sentenced to two years' imprisonment under section 505(b) and two years' imprisonment under natural disaster law", junta spokesman Zaw Min Tun said. The 76-year-old Suu Kyi has been detained since the generals ousted her government in the early hours of February 1, ending Myanmar's brief democratic interlude. The junta says Ms Suu Kyi is being given due process by an independent court led by a judge appointed by her own administration. The international community has condemned the violence and Western states have demanded Suu Kyi's release. Suu Kyi's lawyers have been barred from communicating with the media and public.

KUALA LUMPUR (Dec 6): Labour rights activist Andy Hall said he has no intention to launch further public campaign against companies that are open to constructive dialogues on migrant worker rights. "It is also important to ensure migrant workers' livelihoods are sustained, while not compromising their welfare. In response, VS Industry said it is serious in its efforts to safeguard the legitimate rights and interest of all of the group's employees, including migrant workers. "Obviously, managing a large pool of migrant workers indeed comes with challenges. Shares of VS Industry rose 10 sen or 8.7% to close at RM1.25, valuing the group at RM4.78 billion.

DUBAI/NEW JERSEY (Dec 5): Saudi Arabia raised oil prices for buyers in Asia and the US, signalling it sees demand staying strong despite the spread of the Omicron variant of the coronavirus. Saudi Aramco increased January's prices for all crude grades that will be shipped to Asia and to the US, according to a statement from the state producer. The company raised its key Arab Light grade for customers in Asia by 60 cents from December to US$3.30 a barrel above a benchmark. Saudi Arabia sends more than 60% of its crude exports to Asia, with China, South Korea, Japan, and India being the biggest buyers. Aramco's official selling prices, or OSPs, serve as a bellwether for oil markets and often lead the pricing trend in the region.

Eager to draw India into its efforts to contain China, the US may look away this time. "India sent a strong message to the US that it would not tolerate American sanctions." Russian arms purchases by US allies can trigger sanctions under the Countering America's Adversaries Through Sanctions Act. India needs Russia to keep up weapons supplies as it remains locked in its worst border stand-off with China. At the same time, India has increased weapons and technology purchases from Europe and Israel and conducted more military exercises with the Quad nations.

In order to meet the 240,000 sales target, Zainal said the company must deliver as many cars as possible before the end of the sales tax exemption on June 30, 2022. On a month-to-month comparison, Perodua sales dropped 27.1% to 20,299 units in November from 27,858 units registered in October, the highest sales month in its history so far. Perodua registered 167,250 units between January to November 2021, down 14.2% from 194,980 units registered in the same period last year. To recap, Perodua in September already revised its sales target for 2021 by 26,000 units to 214,000 from its initial projection of 240,000 units. Last month, Zainal said the company was unlikely to meet its already revised sales targets of 214,000 units for 2021 due to a chip shortage.

Its deputy director Hamdan Ali said the debris clearing work would take about a week due to the large amount of soil that fell down. If weather permits, we expect the road to be reopened on Dec 9,” he told a press conference near the landslide incident area at Section 27 of the road here yesterday. The landslide, which occurred on Thursday at about 1.40pm, buried a vegetable-loaded lorry and a multi-purpose vehicle (MPV). “There were two minor landslides along the road, but these were not critical,” said Hamdan. State Fire and Rescue Department acting operations director Muhamad Shahrizal Aris said the MPV had already been taken out from the debris.