The US labour market showed signs of a steady slowdown in October, with job openings increasing moderately and layoffs declining, according to the latest Job Openings and Labor Turnover Survey (JOLTS) report released by the Bureau of Labor Statistics on Tuesday. Job openings, a key indicator of labour demand, rose by 372,000 to 7.744 million at the end of October. However, the September figures were revised downward to 7.372 million from the initially reported 7.443 million. Economists polled by Reuters had anticipated 7.475 million vacancies. Labour Market Dynamics While job openings increased, hires dropped by 269,000 to 5.313 million, and layoffs fell by 169,000 to 1.633 million. These figures suggest a gradual cooling of the labour market rather than a sharp contraction. Hurricanes and strikes also impacted October’s labour market data. Rebuilding efforts in storm-affected regions and the resolution of strikes at Boeing and another aerospace company are expected to contribute to a ...
Datasonic Secures RM21 Million Government Contract
Datasonic Group Bhd's unit, Datasonic Technologies Sdn Bhd, won a RM21 million contract from the Ministry of Economy to rent out 818 vending machines for the People's Income Initiative (IPR) programme, aiding poor Malaysians to generate income by selling cooked food.
Dialog Expands Renewable Fuel Storage in Johor Dialog Group Bhd is adding 150,000 cubic meters of storage for renewable and petroleum products at its Terminal Langsat 3 in Johor. The storage expansion includes 100,000 cu m for EcoCeres Ltd and 50,000 cu m for third-party customers.
Kelington Acquires Remaining Stake in Ace Gases for RM35.69 Million Kelington Group Bhd is set to acquire the remaining 9.29% stake in Ace Gases Sdn Bhd, making it a wholly-owned subsidiary. This acquisition will enhance Kelington's strategic flexibility and growth potential in the industrial gas sector.
IHH Healthcare Explores Outcome-Based Payment Models IHH Healthcare Bhd announced its readiness to explore outcome-based payment models following positive results from its value-driven outcomes initiatives, which improved clinical processes and patient outcomes.
PMB Technology Plans RM300 Million Rights Issue PMB Technology Bhd proposes a renounceable rights issue to raise around RM300 million. The company seeks undertakings from major shareholders, including the Koon family, to subscribe to the rights shares not taken up by other shareholders.
Ekovest Disposes of Land in Kuala Lumpur Ekovest Bhd is selling four parcels of land in Jalan Pahang, Kuala Lumpur, to Airman Sdn Bhd for RM9.82 million. The transaction, deemed a related party transaction, is expected to generate a gain of RM3.51 million for Ekovest.
Paragon Globe Expands Land Holdings in Johor Bahru Paragon Globe Bhd is purchasing additional land in Plentong, Johor Bahru, for RM34.96 million. The new acquisition aims to bolster the company's presence and will be developed into an industrial area.
Tune Protect Appoints New Group CEO Tune Protect Group Bhd appointed How Kim Lian as the new Group CEO, succeeding Rohit Nambiar. How will focus on enhancing the company's presence in the lifestyle ecosystem and expanding its reach in the travel insurance sector.
HB Global Appoints New Chairman HB Global Ltd named Datuk Johan Pahlawan Lela Perkasa Setiawan Datuk Muhammad Abdullah as its new independent non-executive chairman. Muhammad brings a wealth of experience in land management, education, and financial services.
Marine & General Chairman Exercises Call Option Marine & General Bhd's executive chairman Tan Sri Mohammed Azlan Hashim and his son exercised a call option to acquire 3.2 million preference shares in Jasa Merin (Malaysia) Sdn Bhd, valued at RM3.52 million.
Chin Teck Plantations Doubles 3Q Net Profit Chin Teck Plantations Bhd reported a near doubling of its 3Q net profit to RM22.69 million, driven by higher sales of fresh fruit bunches, crude palm oil, and palm kernels. The company declared a total dividend of 28 sen per share.
EcoFirst's 4Q Net Profit Surges EcoFirst Consolidated Bhd saw its 4Q net profit more than double to RM41.51 million, driven by a higher sales conversion rate for its KL-48 project. Revenue for the quarter increased nearly fivefold year-on-year to RM87.86 million.
Genting Plantations Issues RM1.2 Billion Sukuk Wakalah Genting Plantations Bhd's subsidiary, Benih Restu Bhd, issued RM1.2 billion in Islamic medium-term notes under its RM2 billion Sukuk Wakalah programme. The sukuk has a 10-year tenure with a profit rate of 4.08% per annum.
Comments
Post a Comment