<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 30): Bintulu Port Holdings Bhd has awarded a RM57.91 million contract to Bunga Tenaga Sdn Bhd to build two units of 45-tonne bollard pull shiphandling tugs complete with crew.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Bintulu Port said its wholly-owned subsidiary Bintulu Port Sdn Bhd has issued a letter of acceptance to Bunga Tenaga for the proposed project.</p></div>

<div class=newsTextDataWrapInner><p>Construction work on the first hull is for 16 months, while that of the second hull is for 18 months.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"A sum of RM4,000 per tug per day shall be imposed as the liquidated and ascertained damages for (any) delay in delivery of the said tugs," said Bintulu Port.</p></div>

<div class=newsTextDataWrapInner><p>As for the hire of the two tugs, it added that the period will be 120 months with an option to renew for a period of 60 months.</p></div>

<div class=newsTextDataWrapInner><p>Bintulu Port shares were untraded today. It last closed at RM7 on May 17, for a market capitalisation of RM460 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (May 30): Bintulu Port Holdings Bhd has awarded a RM57.91 million contract to Bunga Tenaga Sdn Bhd to build two units of 45-tonne bollard pull shiphandling tugs complete with crew.

In a filing with Bursa Malaysia today, Bintulu Port said its wholly-owned subsidiary Bintulu ...

Bintulu Port awards RM57.9m contract to build two tugs

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KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

BHIC, Pharmaniaga, MMAG, Prolintas, Nestcon, Datasonic, PUC, KKB Engineering, Parlo 

Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.

However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.

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OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

OCBC Bank named top Malaysian bank for second year running

European natural gas prices fluctuated above €45 (RM210.32) a megawatt-hour amid persistent supply concerns, with just a week left until a key transit deal between Russia and Ukraine expires.

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<p>Amanah Saham Nasional Bhd (ASNB), a wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has declared a total income distribution of 5.75 sen per unit, amounting to a total income payout of RM10.1 billion for Amanah Saham Bumiputera (ASB) for the financial year ending Dec 31, 2024 (FY2024).</p>


ASB's FY2024 distribution at RM10.1b or 5.75 sen per unit, highest since 2018

<p>The government has removed the 85% demand capacity cap for non-domestic users under its self-consumption (SelCo) programme, and to allow the installation of solar panels on the ground and over bodies of water.</p>


Quota abolished for solar panel installation under self-consumption mechanism — energy ministry

<p>FBM KLCI’s upside in 2025 could be limited by a slowdown in foreign inflow and the strengthening US dollar, Phillip Capital warned and recommended that investors look at small- to mid-cap stocks.</p>


Phillip Capital says KLCI has limited upside in 2025, recommends small-mid cap stocks

<p>KKB Engineering Bhd (KL:KKB) has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act against a contractor over outstanding claims amounting to RM10.1 million.</p>


KKB Engineering sues glove factory project contractor over unpaid claims

<p>Permodalan Nasional Bhd (PNB) remains optimistic about the outlook for Malaysia's economy and the local bourse next year, underpinned, among others, by clear economic policies and steady inflows of foreign direct investments (FDIs).</p>


PNB remains optimistic about Malaysian economy, KLCI next year

<h3><span style="color:#d35400;">Banks</span></h3>

<p><span style="color:#27ae60;"><strong>Overweight (maintain)</strong></span></p>

<p><strong>RHB RESEARCH (DEC 10):</strong> We think market volatility will likely persist amid uncertainties with respect to US policies and the US federal funds...

Brokers Digest: Local Equities - Banks, Inari Amertron Bhd, SkyWorld Development Bhd, Dialog Group Bhd

<p>theedgemalaysia.com&nbsp;highlighted three stocks with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Tuesday.</p>


Stocks with momentum on Dec 24, 2024: Genetec, Sarawak Cable, Tuju Setia, MNC Wireless, AME Elite

<p>IN a bid to accelerate the adoption of renewable energy (RE) and ahead of the upcoming fifth large-scale solar (LSS5) programme, the government has opened up the installation of battery energy storage systems (BESS) to third parties, under concession agreements, according to documents sighted by ...

BESS programme: A game changer for the Malaysian energy landscape?

<p>Donald Trump hinted he still wants to buy Greenland, a self-ruling territory of Denmark, saying that US ownership and control of the island is an “absolute necessity” for national security.</p>


Trump reiterates he wants to buy Greenland for US security

<p>British confectionery giant Cadbury has lost its status as supplier to the British Royal Family after 170 years and six monarchs, reported <em>Sputnik/RIA Novosti</em>, citing the <em>Daily Mail</em>.</p>


Candy maker Cadbury loses royal supplier status after 170 years — reports

<h2>Notable filings</h2>

<p>Over the week of Dec 2 to 6, among the notable changes in shareholding for companies listed on Bursa Malaysia were those at auto parts manufacturer and distributor <strong>EP Manufacturing Bhd</strong> (KL:EPMB).</p>

<p>Bermaz Capital Sdn Bhd (formerly Bermaz Anshin...

Insider Moves: EP Manufacturing Bhd, Eastern & Oriental Bhd, Aurelius Technologies Bhd, Central Global Bhd, Yinson Holdings Bhd, RHB Bank Bhd 

<p>Prolintas Infra Business Trust (KL:PLINTAS) said it has settled its dispute with KL-Kuala Selangor Expressway Bhd (Latar) over a cost-sharing agreement, for an undisclosed amount.</p>


Prolintas settles cost-sharing agreement dispute with Latar for undisclosed sum

<p>Boustead Heavy Industries Corp Bhd (KL:BHIC) shareholders have given the nod for the fabrication and engineering company to dispose of its 51% equity stake in Contraves Advanced Devices Sdn Bhd (CAD) to German defence firm Rheinmetall AG for RM54 million.</p>


BHIC shareholders approve RM54m sale of 51% stake in LCS subcontractor

<p>MMAG Holdings Bhd (KL:MMAG), which is involved in the sales of digital devices and logistic services, said on Tuesday it has acquired a Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd for US$4.61 million (RM20.76 million) cash.</p>


MMAG buys aircraft for RM20 mil to expand air cargo capacity

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

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<p>Malaysia’s economy sustained strong growth in the first three quarters of 2024 (9M2024), expanding by 5.2% from January to September, said the Department of Statistics Malaysia.</p>


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<p>Donald Trump's surprise threat to retake control of the Panama&nbsp;Canal&nbsp;and his expansionist declaration that the US should own Greenland signals that the incoming US&nbsp;president will pursue a foreign policy&nbsp;unbound&nbsp;by diplomatic niceties.</p>


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<p>JAPANESE financial group Nomura, which recently commemorated its 50th year of operations in Malaysia, sees strong opportunities to expand its business here amid a positive outlook on the country.</p>

<p>The group has three operating entities in Malaysia, namely Nomura Asset Management Malaysia...

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