U.S. stock futures surged after President Trump announced a two-week suspension of planned attacks on Iran, halting a five-week conflict that had closed the Strait of Hormuz, a critical global oil route. Dow futures rose 967 points (2.1%), S&P 500 futures increased 2.1%, and Nasdaq 100 futures climbed 2.3%, while crude oil prices fell roughly 18% to below $93 a barrel
The truce follows diplomatic input from Pakistan, which requested a two-week extension and urged both sides to halt attacks as a goodwill gesture. Iran plans negotiations with the U.S. in Islamabad, guided by a 10-point proposal that includes U.S. troop withdrawals, sanction relief, and compensation for war-related damages
Frasers Property-Mitsubishi Estate JV tops four bids for Kallang Close GLS site at $1,415 psf ppr
Frencken’s Au trims stake with 70,000 shares sold at $2.15 each
Bitcoin slides with risk assets as Trump’s Iran ultimatum looms
Gold climbs after Trump agrees to two-week ceasefire in Iran
Hong Leong Holdings’ 863-unit Tengah Garden Residences priced from $1,779 psf
Singapore’s Securities Industry Council (SIC) decided not to take further action against PSC Corporation chairman Sam Goi for breaching takeover rules in 2023.
Goi crossed the 30% ownership threshold (reaching ~30.22%) due to share buybacks but failed to make a mandatory general offer to other shareholders, violating Rule 14.1
The breach arose because share buybacks increased his stake, triggering an obligation he did not act on Goi said he misunderstood the rules and did not seek professional advice.
He later fulfilled the obligation by making an offer at a higher price (40 cents per share) and cooperated with regulators.
Considering his remedial actions and cooperation, the SIC chose not to pursue penalties.
Cahya Mata Sarawak: Deputy chairman Mahmud Abu Bekir Taib sued the company, claiming he was excluded from board meetings and seeking clarification on conflict-of-interest rules [1].
AEON Credit: Reported a 10.2% rise in quarterly net profit to RM144.3m, driven by loan growth and lower impairments; declared dividends.
DRB-HICOM: Increased the cost of acquiring Spirit AeroSystems’ Malaysian operations slightly after a post-deal adjustment.
Maxim Global: Investor Sim Keng Chor ceased to be a substantial shareholder after reducing his stake.
K Seng Seng: Samuel Ng became a major shareholder with a 30.1% stake.
MTT Shipping: Set IPO price at RM1.03; listing scheduled for April 21.
Sinaran Advance: გეგმ to cut share capital to offset RM33.6m losses.
Sersol & AWC: Won contracts worth RM15.6m and RM22.2m respectively.
Empire Sushi: IPO heavily oversubscribed (23.3×).
U Mobile: Finalizing 5G partnership with Telekom Malaysia.
Uzma: Secured RM60m oil & gas services contract.
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