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2025-01-12   

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KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Mah Sing Group Bhd is acquiring 59.1 acres of prime land in the Pulai district of Johor Bahru for RM63.0mn, which will be developed into super-linked homes with an estimated GDV of RM463.0mn. Solarvest Holdings Bhd has proposed to acquire a 30% stake in Penang-based SIW Manufacturing Sdn Bhd for RM36.0mn to expand its presence in the clean energy and sustainable technology ecosystems. Binastra Corporation Bhd has accepted a RM327.7mn contract to build 2 blocks of a 58-storey apartment for The Vividz @ Bukit Jalil project. MMAG Holdings Bhd has, through its subsidiary MJets Air Sdn Bhd, accepted a letter of award from Malaysia Airlines Bhd to serve as the dedicated narrow-body freighter operator for MAB Kargo Sdn Bhd in 2025. Investment company Abrdn plc, formerly known as Aberdeen Asset Management plc, has emerged as a substantial shareholder in Feytech Holdings Bhd, after raising its stake to 5.2% or 43.9mn shares. JF Technology Bhd is set to begin selling and distributing its products in the US by January 2025, following a cross-licensing agreement signed with US-based Ironwood Electronics in July. Cloudpoint Technology Bhd has secured a RM33.6mn contract to implement advanced integrated service management automation solutions from a local bank. T7 Global Bhd has proposed to undertake a bonus issue of up to 197.4mn warrants, on the basis of one warrant for every five shares held by shareholders. The entitlement date and the exercise price of the warrants will be announced later. Malton Bhd plans to raise up to RM19.5mn via a private placement of shares to third-party investors to fund its ongoing property development projects. PJBumi Bhd via its wholly-owned subsidiary has entered into an agreement with Intlef Oil and Gas Group Co Ltd to establish a strategic partnership for any identified contracts to supply oil field equipment and manufacturing of land rigs in Malaysia and Indonesia. TMK Chemical Bhd's initial public offering has attracted strong demand, with its new shares offered to the Malaysian public oversubscribed by 14.28 times. VS Industry Bhd 1QFY25 net profit dropped 37.5% YoY to RM30.6mn, mainly due to lower sales orders from existing customers, unfavourable foreign exchange rates and higher labour costs because of an increase in headcount. Magni-Tech Industries Bhd 2QFY25 net profit rose 18.7% YoY to RM25.9mn, largely driven by stronger earnings from its garment business.

Former U.S. president Jimmy Carter dies at age 100

FACT FOCUS: Vermont Ruling Does Not Say Schools Can Vaccinate Children Without Parental Consent

Former US president Jimmy Carter dies aged 100

Perfect 10 directory traversal vuln hits SailPoint's IAM solutionDALLAS (AP) — Juan Soto gets free use of a luxury suite and up to four premium tickets behind home plate for regular-season and postseason New York Mets home games as part of his record $765 million, 15-year contract that was finalized Wednesday. The Mets also agreed to provide personal team security for the All-Star outfielder and his family at the team’s expense for all spring training and regular-season home and road games, according to details of the agreement obtained by The Associated Press. Major League Baseball teams usually provide security for player families in seating areas at ballparks.

At her studio in Los Angeles, Australian artist Jemima Wyman is trying to come to terms with the cancellation of her 30-year survey show. The internationally-known Palawa artist could have shown her career survey at a range of prestigious institutions, but went with the Queensland University of Technology (QUT) in Brisbane, where she has both studied and taught. "It has a really special place in my heart, and that's why I was excited to do the 30 year survey show there, because I had such a long relationship with the institution," she told AAP. In November, Wyman was told QUT's Art Museum was cutting its 2025 program, and her show would be axed. The free-to-visit museum at QUT's Garden Point campus has eight staff and describes itself as one of Queensland's premier visual arts institutions. The university is facing financial challenges due to funding shortfalls, but staff would not be impacted by any of the university's current plans, a QUT spokesperson said. "We have had to make a number of difficult decisions with regard to pausing activities across a number of areas of the university, including some programming at QUTAM for 2025," they told AAP. It appears the museum will show one exhibition of items from the university's art collection during 2025. Wyman is not the only artist left hanging, with an exhibition of two of Australia's most significant ceramicists, Vipoo Srivilasa and the late Gwyn Hanssen Pigott also affected, as well as a group show by six Barkandji/Barkindji artists. University museums do more to support first nations artists than any other type of gallery, according to Penelope Benton of the National Association for the Visual Arts. "This kind of decision is hugely impactful for the working lives of Australian artists," she said. Wyman's exhibition had been expected to tour to UNSW in Sydney, followed by the Samstag Museum at the University of South Australia. The artist said she's worried the university is technically shutting down the museum. "If you're only having one show a year, and it's from the collection, then you're not really being an active institution in terms of supporting contemporary artists," she said. "It sounds to me like a strategy to not ring alarm bells ... a strategy to step down the museum and eventually shut it down completely." University Vice-Chancellor and President Professor Margaret Sheil has apologised to Wyman in an email, saying the university has to make tough decisions, with departments prioritising teaching and research until the budget returns to surplus. Professor Sheil also cited a rapid decline in creative and fine arts enrolments, and said fine arts degrees and staff are now based at QUT's Kelvin Grove campus, several kilometres away from the museum. There have been a series of recent cuts to arts courses at institutions in the region, including at the University of Queensland, James Cook University, Queensland College of the Arts, and Southern Cross University. "It's a shame that it's all being cut, I think it will be really detrimental to the region," said Wyman. "Artists will have to go interstate to get the education they need, it will probably create a cultural desert in Queensland."

Picture headphones that do more than just play music—imagine a device that combines audio quality with the novelty of a built-in, wearable touchscreen. That’s the kind of fever dream Miniso seems to have embraced with the G90 headphones. Let’s not mince words—this is the sort of concept that Apple fanboys have been daydreaming about for years. A mini iPod embedded right onto your ears? It’s like someone raided a tech nerd’s wishlist and decided to manufacture it. So, what exactly makes these headphones a headline grabber? First off, yes, there’s a touchscreen on the headphones. No charging case sleight of hand here—the control panel is boldly slapped onto the earcups, where you can swipe and tap your way through playlists, calls, and noise-canceling modes. And get this—it’s removable. Why? Probably to flex on the concept of versatility, or maybe just to mess with you when you inevitably misplace it. Practicality might take a backseat, but the sheer audacity is worth a nod. Designer: The G90’s design offers a mix of practicality and flair for a Miniso-worthy price tag of under $70. Its foldable construction ensures easy portability, while plush memory foam ear pads promise long-lasting comfort, whether you’re binge-watching your favorite series or enduring a red-eye flight. With a solid 10-hour battery life, these headphones can keep up with most daily routines. The built-in mic provides reliable call quality, but the star of the show is that screen – which somehow simultaneously excites and baffles the mind. The detachable touchscreen is equal parts audacious and perplexing. We’ve seen multiple companies add displays to the charging cases of TWS earbuds, but this particular one feels like one of those wild Behance design concepts come to life. The touchscreen displays presumably album art, along with meaningful information like a clock as well as song/artist/album details – probably for someone on the subway to peer at because the screen isn’t really visible to you while docked. You can, however, un-dock it but then again you could also just use your phone. Plus, the screen is also accompanied by buttons that perform more core activities like playing/pausing, volume control, and ANC activation. Don’t expect cutting-edge consumer-driven innovation from Miniso, but if you’re craving a bit of novelty, then sure, the G90 is a fun buy. As far as the headphone’s actual function goes, the G90’s hybrid active noise-canceling holds its own, capable of muting background chaos from roaring engines to bustling cafés. Paired with aptX Adaptive Sound, it adjusts audio delivery to suit various tracks, while multiple EQ presets let you adjust output based on what kind of audio you’re listening to. Meanwhile, the G90 also surprisingly packs Bluetooth 5.4, staying well ahead of the Bluetooth headset curve. Here’s the kicker: the price. At $66.78 on Aliexpress, the G90 is punching way above its weight. It doesn’t pretend to be a luxury statement but positions itself as an affordable, feature-packed alternative that makes you wonder why you’d spend more. It’s not so much a “do I need this?” purchase as a “why not?” decision—a sentiment Miniso clearly thrives on. And yes, I’ll be waiting to see someone hack the G90 and play Doom on it. Still, let’s address the elephant in the room: is the touchscreen actually useful? If swiping on your headphones sounds like the pinnacle of convenience, then sure, it’s revolutionary. For everyone else, it’s a quirky addition that’ll likely lose its charm after a few weeks. However, it does make for a pretty good stocking stuffer for that price tag!

Paccar Inc. stock rises Wednesday, still underperforms market

US lawmakers voted Wednesday after fraught negotiations to move forward with a contentious 2025 defense budget that raises troops' pay but blocks funding of gender-affirming care for some transgender children of service members. The centerpiece of the $884 billion National Defense Authorization Act (NDAA) -- which was green-lit by the Republican-led House of Representatives but still needs Senate approval -- is a 14.5 percent pay increase for junior enlisted service members and 4.5 percent for other personnel. But talks over the 1,800-page-plus text were complicated by a last-minute Republican intervention to prevent the military's health program from covering gender-affirming care for children of service members if it results in "sterilization." "Citizens don't want their tax dollars to go to this, and underaged people often regret these surgeries later in life," Nebraska Republican Don Bacon told CNN. "It's a bad hill to die on for Democrats." Gender-affirming health care for children is just one of multiple fronts in the so-called "culture wars" that polarize US politics and divide the country, with Republicans using the issue as a cudgel against Democrats in November's elections. The funding block angered progressives, and prompted the top Democrat on the House Armed Services Committee to come out against the legislation. "As I said a few days ago, blanketly denying health care to people who need it -- just because of a biased notion against transgender people -- is wrong," Adam Smith, who represents a district in Washington state, said in a statement. "The inclusion of this harmful provision puts the lives of children at risk and may force thousands of service members to make the choice of continuing their military service or leaving to ensure their child can get the health care they need." Smith slammed House Speaker Mike Johnson for pandering to "the most extreme elements of his party" by including the transgender provision. The must-pass NDAA -- a bill that Congress has sent to the president's desk without fail every year since 1961 -- cleared the chamber in a 281-140 vote and now moves to the Senate, with final passage expected next week. The topline figure is one percent above last year's total and, with funding from other sources, brings the total defense budget to just under $900 billion. Some foreign policy hawks on the Republican side of the Senate wanted $25 billion more for the Pentagon but they are still expected to support the bill. "The safety and security of the American people is our top priority, and this year's NDAA ensures our military has the resources and the capabilities needed to remain the most powerful fighting force on the planet," Johnson told reporters. ft/mlmIt was no different for Jimmy Carter in the early 1970s. It took meeting several presidential candidates and then encouragement from an esteemed elder statesman before the young governor, who had never met a president himself, saw himself as something bigger. He announced his White House bid on December 12 1974, amid fallout from the Vietnam War and the resignation of Richard Nixon. Then he leveraged his unknown, and politically untainted, status to become the 39th president. That whirlwind path has been a model, explicit and otherwise, for would-be contenders ever since. “Jimmy Carter’s example absolutely created a 50-year window of people saying, ‘Why not me?’” said Steve Schale, who worked on President Barack Obama’s campaigns and is a long-time supporter of President Joe Biden. Mr Carter’s journey to high office began in Plains, Georgia where he received end-of-life care decades after serving as president. David Axelrod, who helped to engineer Mr Obama’s four-year ascent from state senator to the Oval Office, said Mr Carter’s model is about more than how his grassroots strategy turned the Iowa caucuses and New Hampshire primary into his springboard. “There was a moral stain on the country, and this was a guy of deep faith,” Mr Axelrod said. “He seemed like a fresh start, and I think he understood that he could offer something different that might be able to meet the moment.” Donna Brazile, who managed Democrat Al Gore’s 2000 presidential campaign, got her start on Mr Carter’s two national campaigns. “In 1976, it was just Jimmy Carter’s time,” she said. Of course, the seeds of his presidential run sprouted even before Mr Nixon won a second term and certainly before his resignation in August 1974. In Mr Carter’s telling, he did not run for governor in 1966, he lost, or in 1970 thinking about Washington. Even when he announced his presidential bid, neither he nor those closest to him were completely confident. “President of what?” his mother, Lillian, replied when he told her his plans. But soon after he became governor in 1971, Mr Carter’s team envisioned him as a national player. They were encouraged in part by the May 31 Time magazine cover depicting Mr Carter alongside the headline “Dixie Whistles a Different Tune”. Inside, a flattering profile framed Mr Carter as a model “New South” governor. In October 1971, Carter ally Dr Peter Bourne, an Atlanta physician who would become US drug tsar, sent his politician friend an unsolicited memo outlining how he could be elected president. On October 17, a wider circle of advisers sat with Mr Carter at the Governor’s Mansion to discuss it. Mr Carter, then 47, wore blue jeans and a T-shirt, according to biographer Jonathan Alter. The team, including Mr Carter’s wife Rosalynn, who died aged 96 in November 2023, began considering the idea seriously. “We never used the word ‘president’,” Mr Carter recalled upon his 90th birthday, “but just referred to national office”. Mr Carter invited high-profile Democrats and Washington players who were running or considering running in 1972, to one-on-one meetings at the mansion. He jumped at the chance to lead the Democratic National Committee’s national campaign that year. The position allowed him to travel the country helping candidates up and down the ballot. Along the way, he was among the Southern governors who angled to be George McGovern’s running mate. Mr Alter said Mr Carter was never seriously considered. Still, Mr Carter got to know, among others, former vice president Hubert Humphrey and senators Henry Jackson of Washington, Eugene McCarthy of Maine and Mr McGovern of South Dakota, the eventual nominee who lost a landslide to Mr Nixon. Mr Carter later explained he had previously defined the nation’s highest office by its occupants immortalised by monuments. “For the first time,” Mr Carter told The New York Times, “I started comparing my own experiences and knowledge of government with the candidates, not against ‘the presidency’ and not against Thomas Jefferson and George Washington. It made it a whole lot easier”. Adviser Hamilton Jordan crafted a detailed campaign plan calling for matching Mr Carter’s outsider, good-government credentials to voters’ general disillusionment, even before Watergate. But the team still spoke and wrote in code, as if the “higher office” were not obvious. It was reported during his campaign that Mr Carter told family members around Christmas 1972 that he would run in 1976. Mr Carter later wrote in a memoir that a visit from former secretary of state Dean Rusk in early 1973 affirmed his leanings. During another private confab in Atlanta, Mr Rusk told Mr Carter plainly: “Governor, I think you should run for president in 1976.” That, Mr Carter wrote, “removed our remaining doubts.” Mr Schale said the process is not always so involved. “These are intensely competitive people already,” he said of governors, senators and others in high office. “If you’re wired in that capacity, it’s hard to step away from it.” “Jimmy Carter showed us that you can go from a no-name to president in the span of 18 or 24 months,” said Jared Leopold, a top aide in Washington governor Jay Inslee’s unsuccessful bid for Democrats’ 2020 nomination. “For people deciding whether to get in, it’s a real inspiration,” Mr Leopold continued, “and that’s a real success of American democracy”.

Juan Soto gets free luxury suite and up to 4 premium tickets for home games in $765M Mets deal

Marvell Technology Inc. MRVL reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter. The Details: Marvell Technology reported quarterly earnings of 43 cents per share, which beat the analyst consensus estimate of 41 cents. Quarterly revenue came in at $1.52 billion, which beat the consensus estimate of $1.46 billion and is an increase over sales of $1.42 billion from the same period last year. Read Next: TikTok Shop Bags More Than $100 Million In Black Friday Sales With Potential Ban Ahead “Marvell’s fiscal third quarter 2025 revenue grew 19% sequentially, well above the mid-point of our guidance, driven by strong demand from AI. For the fourth quarter, we are forecasting another 19% sequential revenue growth at the midpoint of guidance, while year-over-year, we expect revenue growth to accelerate significantly to 26%, marking the beginning of a new era of growth for Marvell,” said Matt Murphy , Marvell’s CEO. “The exceptional performance in the third quarter, and our strong forecast for the fourth quarter, are primarily driven by our custom AI silicon programs, which are now in volume production, further augmented by robust ongoing demand from cloud customers for our market-leading interconnect products. We look forward to a strong finish to this fiscal year and expect substantial momentum to continue in fiscal 2026,” Murphy added. Outlook: Marvell sees fourth-quarter earnings of 59 cents per share, plus or minus five cents, versus the 52-cent estimate. The company expects fourth-quarter revenue of $1.8 billion, plus or minus 5%, versus the $1.65 billion estimate. MRVL Price Action: According to Benzinga Pro , Marvell Technology shares are up 8.99% after-hours at $104.54 at the time of publication on Tuesday. Read More: Art Cashin’s Lessons: Cuban Crisis Trades To Timeless Wall Street Wit Photo: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

K92 Mining Announces Multiple New Near-Mine Infrastructure Dilatant Zones Identified and High-Grade Zones Extended

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