<div class=newsTextDataWrapInner><p>SINGAPORE (Sept 25): Civmec is hoping to be the lead contractor to design and build Australia's future "multi-billion dollar"&nbsp;submarine construction project,&nbsp;following the launch of its new defence division.</p></div>

<div>The engineering and construction services provider regards the submarine project as "one of a number of significant opportunities" in the defence sector.</div>

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<div>Other potential projects include the maintenance and in-service support of Australian frigates, building of future ships and defence infrastructure construction, Civmec says.</div>

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<div>The company plans to leverage its expertise as a specialist fabricator, constructor and project manager in the resources and infrastructure sectors to establish a strong presence in the defence industry.</div>

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<div>Civmec appointed Mike Deeks CSC, a former Royal Australian Navy Commodore, as General Manager - Defence&nbsp;to head the unit.</div>

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Shares in Civmec last traded at 40 cents on Sept 22.</div>


SINGAPORE (Sept 25): Civmec is hoping to be the lead contractor to design and build Australia's future "multi-billion dollar" submarine construction project, following the launch of its new defence division.

The engineering and construction services provider regards the subm...

Civmec eyes 'multi-billion dollar' Australian submarine construction project

Prime Minister Narendra Modi’s government has introduced draft legislation in the parliament to hold simultaneous elections across the country, taking another step in an attempt to alter the electoral landscape in the world’s biggest democracy.

India introduces ‘One Nation, One Election’ bill in parliament

The Transport Ministry hopes the development of the rail network connecting Malaysia and China can be realised in the shortest period.

Transport Minister Anthony Loke said his ministry intends to speed up the development in an effort to benefit from regional relations.

Transport Ministry hopes Malaysia-China rail network can be realised the soonest possible

Evergreen Max Cash Capital Bhd (KL:EMCC) said it aims to grow its pawnbroking network to 80 outlets by 2025, buoyed by rising demand for Islamic pawnbroking services.

Evergreen Max Cash aims to have 80 pawnbroking outlets by next year

KUALA LUMPUR (Dec 17): Avaland Bhd (KL:AVALAND) has collaborated with MBSB Bank to offer an incentive programme to first-time homebuyers of its green-certified projects, according to a press statement on Dec 12.

Avaland partners MBSB Bank to incentivise first-time homebuyers of its green-certified projects

The Federation of Malaysian Manufacturers (FMM) has urged the government to provide details on the multi-tier levy mechanism (MTLM) implementation promptly.

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The Ipoh City Council (MBI) will announce the new property assessment tax rate for the city on Dec 26.

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The Center to Combat Corruption and Cronyism (C4 Center) criticised the Attorney General's Chambers' (AGC) withdrawal of its appeal against the acquittal of Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi in the foreign visa system (VLN) corruption case, and reiterated its call on the government to expedite reforms to separate the roles of the AG and public prosecutor, warning that the lack of independence between the two offices is undermining Malaysia’s criminal justice system.

C4 Center criticises AGC's withdrawal of corruption trial appeal, urges separation of AG and prosecutor roles

NEWS: Newly-listed Vanzo shares plans for growth

Indian companies have raised a record-breaking US$16 billion (RM71.28 billion) via share sales to large investors in 2024, with offerings remaining robust despite the typical seasonal lull.

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KUALA LUMPUR (Dec 17): Tan Sri Mohamad Salim Fateh Din has been reappointed as chairman of the Malaysian Communications and Multimedia Commission (MCMC).

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<p>Vanzo Holdings Bhd (KL:VANZO) shares staged a strong debut on the ACE Market as it raised close to RM21 million from its initial public offering (IPO).</p>

<p>Shares of the air fragrance maker opened at 17.5 sen, a 2.5 sen or 16.7% premium to its IPO price of 15 sen per share.</p>


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<p>KUALA LUMPUR (Dec 17): The Ministry of Investment, Trade and Industry (Miti) has extended the deferral of the 80:20 employment ratio requirement for the manufacturing sector.&nbsp;</p>


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<p>Former Sabah chief minister Tun Musa Aman has been appointed the 11th Yang Dipertua Negeri of Sabah. The appointment takes effect on Jan 1, 2025.</p>


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<p>KUALA LUMPUR (Dec 17): The appointment of former Thai prime minister&nbsp;Thaksin Shinawatra as an informal advisor to assist with Malaysia’s Asean chairmanship next year, is viewed&nbsp;as a bridge to strengthen cooperation&nbsp;between the region and global powers.</p>


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<p>KUALA LUMPUR (Dec 17): Fitch Ratings’ latest affirmation on Malaysia’s sovereign credit rating underscores&nbsp;its economic progress, as envisioned under the Madani Economy framework, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>(Dec&nbsp;17) :&nbsp;Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US, as they gird for new levies from the self-proclaimed “tariff man”.</p>


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<p>Crude palm oil (CPO) prices are expected to be firm above RM4,800 per tonne, said the Malaysian Palm Oil Council (MPOC), on the back of price recovery in soybean oil due to growing usage in the US biofuel industry and tightening Malaysian production and inventory.</p>


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<p>KUALA LUMPUR (Dec 17): Malaysia is strategically poised to benefit from trade dislocations stemming from the Trump administration’s potential trade policies, as the country is seen benefitting from the “China Plus One” strategy, while insulated from the full brunt of US tariffs, said CIMB Securities.</p>


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<p>Air fragrance maker Vanzo Holdings Bhd (KL:VANZO), which made its debut on the ACE Market on Tuesday, said there is still ample room for growth in the domestic market.</p>


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<p>China announced on Tuesday a relaxation of its visa-free transit policy, extending the permitted stay for eligible foreign travellers to 240 hours, or 10 days, from the original 72-144 hours, as authorities aim to lure more foreign visitors.</p>


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<p>Proposals related to the definition and classification of the T15 income group are being refined and will be decided by the Cabinet soon, Economy Minister Rafizi Ramli said on Tuesday.</p>


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<p>Hartalega Holdings Bhd’s (KL:HARTA) stock has surged past its consensus target price, as CIMB Securities continues to see further upside, as higher prices and volume are seen driving the glovemaker's earnings ahead.</p>


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<p>(Dec&nbsp;17) : Canadian Prime Minister Justin Trudeau’s government ran a deeper deficit than projected and broke a fiscal objective outlined by his finance minister, who resigned the day she was set to unveil new spending and revenue estimates.</p>


Canada runs deeper deficits as finance minister resigns

<p>KUALA LUMPUR (Dec 17): Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook, according to a statement on Monday.</p>


Fitch affirms Malaysia’s long-term issuer rating with stable outlook

<p>Malaysia's water asset custodian Pengurusan Aset Air Bhd (PAAB) is set to invest nearly RM1 billion to fund the construction of two water treatment plants in Seberang Perai, Penang, starting in 2025.</p>


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<p>(Dec&nbsp;17) :&nbsp;US stocks broadly ended Monday’s session higher, as traders geared up for interest-rate decisions by major central banks across the globe due later this week.&nbsp;</p>


US stocks close higher with Fed rate-cut expected

<p>Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the US Federal Reserve deliver a rate cut and the Bank of Japan (BOJ) stand pat for now.</p>


Asian shares drift, dollar firms ahead of central bank meetings

<p>Analysts remain bullish on Gamuda Bhd (KL:GAMUDA) after the group's latest Australian job win, increasing its order book to approximately RM31.8 billion.</p>

<p>Gamuda's subsidiary DT Infrastructure Pty Ltd recently secured a RM1.8 billion contract from Lightsource bp Renewable Energy Investments Ltd for the Goulburn River Solar Farm in New South Wales, Australia.</p>


Analysts remain optimistic on Gamuda amid robust order book growth  

<p>Shares of health insurers operating pharmacy benefit managers fell on Monday after US President-elect Donald Trump called them middlemen who drive up costs and said he plans to eliminate their role.</p>


Insurer stocks fall after Trump says 'we're going to knock out the middleman'

<p>China’s bubble tea makers are reviving plans for initial public offerings, encouraged by signs that Beijing is loosening its grip on the market and sentiment is improving after a disappointing debut by one of the industry’s biggest chains earlier this year.</p>
