Latest news with #RM8.75
Barnama
25-04-2025
- Business
- Barnama
Top News Headlines In Indonesia, Laos, Myanmar, Singapore, Thailand & Vietnam: April 25, 2025
Danantara's planned entry into the domestic capital market is expected to significantly help stabilise the local stocks and bonds market, especially at times of volatility, but some have also warned that the move could disrupt the sovereign wealth fund's (SWF) focus on its much needed long-term projects for the economy. Leading telecommunications provider Indosat Ooredoo Hutchison has called on Indonesia's mining industry to accelerate the adoption of artificial intelligence (AI) to stay competitive and enhance productivity in line with global trends. LAOS 1. LAOS PREPARING TO EXIT FROM LDC GROUPING -- VIENTIANE TIMES As Laos prepares to graduate from its status as a Least Developed Country (LDC) in 2026, it aims to develop an inclusive and resilient future. The transition will result in the loss of certain trade preferences and access to grants and loans. SHARES MORE DEVELOPMENT ASSISTANCE TO LAO -- VIENTIANE TIMES The United Kingdom (UK) continues its support of Laos' development as both nations mark 70 years of diplomatic ties. Some areas of interest include handling climate change, enhancing bus transport networks and funding the removal of unexploded ordnance devices. MYANMAR 1. NEW AIRPORT TAX FOR FLIGHTS AND PASSENGERS -- THE GLOBAL NEW LIGHT OF MYANMAR All passengers departing from Yangon, Nay Pyi Taw and Mandalay airports must pay a new airport tax starting May 12, 2025. Overseas flights need to pay RM109 (US$25) and RM8.75 (US$2) for foreigners. 2. HUMAN-ELEPHANT CONFLICT DECLINES -- THE GLOBAL NEW LIGHT OF MYANMAR Farmers in several townships are enjoying a bountiful harvest this season as elephants from the Bago mountains have avoided paddy fields. During the hot season, the elephants usually search for water and eat the paddy in nearby villages, leading to human-elephant conflict. SINGAPORE INFLAME SENSITIVE ISSUES OR USE DOMESTIC POLITICS TO DIVIDE S'PORE: PM WONG AT FIRST PAP RALLY -- THE STRAITS TIMES Do not inflame sensitive issues or use domestic politics to divide Singaporeans, Prime Minister Lawrence Wong said to opposition parties in his first rally speech as head of government. 2,GE2025: SINGAPORE NEEDS GOOD TEAM TO STAY AHEAD, TACKLING LIVING COST AND JOB CONCERNS 'MOST URGENT PRIORITY', SAYS PM WONG -- CNA The "first and most urgent priority" for the People's Action Party (PAP) is to address cost of living and job concerns, and Singapore needs a good team to stay ahead, said Prime Minister Lawrence Wong on Thursday (Apr 24) at his first rally in this General Election. THAILAND 1. DON'T PANIC: THAILAND TO CONDUCT EMERGENCY ALERT TESTS VIA CELL BROADCAST NEXT MONTH -- THE NATION Residents in selected test areas will receive a test alert on their mobile phones, including both sound and on-screen message notifications. 2. ASEAN SEEKS TO STRENGTHEN US ECONOMIC TIES AMID TARIFFS -- BANGKOK POST Asean has reiterated its commitment to multilateral trade principles and does not plan to retaliate against US tariff actions. VIETNAM 1. CLEAN ENERGY CAPTURES REGIONAL MEETING -- VIETNAM NEWS During the Vietnam–China–ASEAN international energy forum held in Hanoi on Thursday, clean energy cooperation was the core of the discussion. Industry leaders and policymakers exchanged ideas to explore new technologies and strengthen cooperation toward sustainable energy development. TARGETS RM22 BILLION BILATERAL TRADE -- VIETNAM NEWS Top Vietnam and Lao leaders agreed to revitalise their economic partnership and raise bilateral trade to RM22 billion (US$5 billion) in the coming years. Cooperation will include developing the economy, infrastructure, financial, and tourism connectivity to support growth. -- BERNAMA BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies. Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio Twitter : @ @BernamaTV, @bernamaradio Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial TikTok : @bernamaofficial
The Star
22-04-2025
- Business
- The Star
ACE Market-bound West River's IPO oversubscribed by 0.26 times
KUALA LUMPUR: Mechanical and electrical (M&E) engineering services provider, West River Bhd's initial public offering (IPO) shares have been oversubscribed by 0.26 times, ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on May 5, 2025. The IPO entails the issuance of 17.89 million new shares to the Malaysian public at 39 sen each, attracting 1,288 applications for 22.45 million shares worth RM8.75 million, the company said in a statement filed with Bursa Malaysia today. It said for the Bumiputera portion, a total of 548 applications for 5.04 million shares were received, while the public portion recorded a total of 740 applications for 17.40 million shares, which represents an oversubscription rate of 0.95 times. According to the company, the IPO also included 8.94 million shares available for eligible persons, and 44.71 million shares placed out to Bumiputera investors approved by the Ministry of Investment, Trade and Industry, all of which have been fully taken up. Additionally, 35.77 million existing shares by way of private placement to selected investors have also been fully taken up. M&A Securities Sdn Bhd is the principal adviser, sponsor, underwriter, and placement agent for the IPO. Previously, it was reported that West River aims to raise RM27.9 million from the listing for the acquisition of land and construction of a new manufacturing factory cum warehouse in the Klang Valley area, as well as business development, debt repayment and working capital. - Bernama
