<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 2): Wah Seong Corp Bhd said today that one of its wholly-owned subsidiaries has secured a contract worth US$39.4 million (RM162.45 million) for the supply of oil and gas processing and compression modules in Gabon, Africa.</p></div>

<div class=newsTextDataWrapInner><p>The contract was awarded to Wah Seong’s indirect unit Wasco Engineering International Ltd by BW Energy Gabon, the company said.</p></div>

<div class=newsTextDataWrapInner><p>“The scope of work of the contract involves complete engineering, procurement, construction and installation of oil and gas processing and compression modules and skid units,” Wah Seong said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The scope of work is estimated to be completed within 13 months,” it added.</p></div>

<div class=newsTextDataWrapInner><p>It is the second contract announced by Wah Seong this year, having won a contract valued at US$35.95 million (RM147.81 million) from Fluor Ltd last March for module fabrication works in the UK.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Wah Seong went up one sen to 80 sen, valuing the group at RM619.91 million.</p></div>


Wah Seong Corp Bhd said today that one of its wholly-owned subsidiaries has secured a contract worth US$39.4 million (RM162.45 million) for the supply of oil and gas processing and compression modules in Gabon, Africa.

Wah Seong wins US$39m contract to supply O&G modules in Africa

Malaysia must accelerate the modernisation of its agricultural sector and improve production efficiency to strengthen food security amid growing challenges, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

Agricultural modernisation key to strengthening food security — Mohamad Sabu

Anthropic PBC’s initial public offering (IPO) plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation.

Anthropic IPO buyers see valuation as low as US$1.1 tril

A seafarer on a Greek-owned oil tanker was killed in an apparent missile attack in the Gulf, its owner said on Friday.

Company says sailor killed in Gulf tanker attack

Monster Beverage Corp shares fell as much as 8.2% on Friday, the biggest decline in over two years, after the energy drink giant’s weaker-than-expected margins underscored the impact of soaring costs in the beverage industry.

Monster shares fall as weaker margins highlight cost burden

Pakatan Harapan's (PH) track record as a key component of the federal government should serve as a yardstick for Melaka voters to assess the coalition's capabilities ahead of the 16th Melaka state election on Nov 14, said Pasir Gudang Member of Parliament Hassan Abdul Karim.

Melaka voters urged to judge PH by federal govt's performance — Hassan Karim

Collaboration between plantation companies and oil palm smallholders to increase both parties’ yields and income will be raised at the Cabinet meeting next week, said Prime Minister Datuk Seri Anwar Ibrahim.

Plantation companies-oil palm smallholders collaboration to be raised in Cabinet next week — Anwar

US consumer sentiment rose in November to a three-month high, bolstered by modest improvements in Americans' views of their personal finances and the economic outlook.

US consumer sentiment unexpectedly rises, fuelled by independents

The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher artificial intelligence (AI) regulation, even as the jobs report raised interest-rate hike concerns.

Nasdaq pares losses as chips recover, rate-hike fears linger

Treasuries dipped after an unexpected surge in US job growth led traders to add to wagers that the Federal Reserve (Fed) will raise interest rates when officials next meet in December.

US Treasuries stumble as strong jobs data backs Fed-hike bets

TikTok moved one step closer to a new European Union fine after regulators found its video-recommendation algorithm pushes users down “rabbit holes” of potentially harmful content, escalating an almost three-year probe into the video-sharing app.

EU escalates TikTok probe over algorithmic ‘rabbit holes’

<p>The Attorney General's Chambers has no basis to delay Datuk Seri Najib Razak's house arrest as the former prime minister has met all the condition set by the king, said lead defense counsel Tan Sri Muhammad Shafee Abdullah.</p>


Shafee: AGC has no legal basis to delay Najib's house arrest

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


Unisem, Frontken, Public Bank, Maxis, Zetrix AI, TRC Synergy, IOI Corp, IOI Property, MISC,  Yinson, Microlink, APB Resources & Nestcon

<p>Collaboration between plantation companies and oil palm smallholders to increase both parties’ yields and income will be raised at the Cabinet meeting next week, said Prime Minister Datuk Seri Anwar Ibrahim.&nbsp;</p>


<p>Electrical engineering firm SKA Capital Bhd on Friday reported a net profit of RM14.37 million on revenue of RM127.94 million for the third quarter, ahead of its listing on the ACE Market on Nov 11.</p>


ACE Market-bound SKA Capital posts RM14.4 mil quarterly net profit

<p>Anthropic PBC’s initial public offering (IPO) plans ran into a punishing post-election selloff, prompting a rethink among prospective investors of the company’s expected valuation.</p>


<p>The tech-heavy Nasdaq rose on Friday as chip stocks bounced off heavy losses posted in the previous session on fears that a Democratic-led Congress could result in tougher artificial intelligence (AI) regulation, even as the jobs report raised interest-rate hike concerns.</p>


<p>Treasuries dipped after an unexpected surge in US job growth led traders to add to wagers that the Federal Reserve (Fed) will raise interest rates when officials next meet in December.</p>


<p>While the public were focused on the plantation sector’s culpability in causing the haze hanging over the region in the last three months, Malaysian planters have been struggling with tight labour conditions in their estates, along with a high level of palm oil inventories.</p>


Double cover: Malaysian planters brace for migrant worker shortage + Hong Leong Bank closes in on industry leadership across key metrics

<p>Sarawak Premier&nbsp;Tan Sri Abang Johari Tun Openg is looking beyond Malaysian shores and politics. He is mapping out strategies to make Sarawak an investment destination for technology-intensive industries.</p>


Abang Jo on how clean energy will draw tech investments

<p>Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US regulations for the artificial intelligence (AI) industry.</p>


US stocks rally after heavy AI-related sell-off; oil steady

<p>Pakatan Harapan's (PH) track record as a key component of the federal government should serve as a yardstick for Melaka voters to assess the coalition's capabilities ahead of the 16th Melaka state election on Nov 14, said Pasir Gudang Member of Parliament Hassan Abdul Karim.</p>


<p>Monster Beverage Corp shares fell as much as 8.2% on Friday, the biggest decline in over two years, after the energy drink giant’s weaker-than-expected margins underscored the impact of soaring costs in the beverage industry.</p>


<p>Malaysia must accelerate the modernisation of its agricultural sector and improve production efficiency to strengthen food security amid growing challenges, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.</p>


<p>US consumer sentiment rose in November to a three-month high, bolstered by modest improvements in Americans' views of their personal finances and the economic outlook.</p>


<p>US job growth surged in October and the unemployment rate edged lower, a sign of labour-market strength in an expanding economy.</p>


US adds 165,000 jobs, topping all forecasts in broad advance

<p>TikTok moved one step closer to a new European Union fine after regulators found its video-recommendation algorithm pushes users down “rabbit holes” of potentially harmful content, escalating an almost three-year probe into the video-sharing app.</p>


<p>A seafarer on a Greek-owned oil tanker was killed in an apparent missile attack in the Gulf, its owner said on Friday.</p>


<p>Months of unease over Wall Street’s artificial-intelligence (AI) boom erupted into a global market convulsion this week, opening a dangerous new chapter for the investment frenzy that has helped power stock prices, corporate spending and economic growth.</p>


Wall Street grapples with US$5.7 tril rout as AI bets unwind

<p>Taiwan Semiconductor Manufacturing Co (TSMC) is considering broadening its business to include advanced memory chip manufacturing, <em>The Information </em>reported, a move that would give the world’s largest chipmaker an even bigger share of the artificial intelligence (AI) hardware supply chain.</p>
