<div class=newsTextDataWrapInner>KUALA LUMPUR (March 30): Damansara Holdings Bhd has secured contracts worth a total of RM28.34 million to operate and maintain certain facilities at the Pengerang Integrated Complex in Johor.</div>

<div class=newsTextDataWrapInner>In a bourse filing, the company said Petronas Refinery and Petrochemical Corp and PRPC Utilities and Facilities Sdn Bhd have issued Letters of Award (LoA) dated March 1 to its 70%-owned subsidiary, TMR LC Services Sdn Bhd, which is involved in building management, maintenance services and hospitality.</div>

<div class=newsTextDataWrapInner>The contracts are effective for 19 months, starting March 31, to end on Sept 30, 2023.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The scope of work comprises the operation and maintenance of buildings, external works, and utilities network as well as the provision of accommodation services to residents and facilities, canteen operation and catering services, and the management of personnel protective equipment. 
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Damansara Holdings’ share price closed 0.5 sen or 0.99% higher at 51 sen on Wednesday, giving the company a market capitalisation of RM167 million.</div>

Damansara Holdings Bhd has secured contracts worth a total of RM28.34 million to operate and maintain certain facilities at the Pengerang Integrated Complex in Johor.

In a bourse filing, the company said Petronas Refinery and Petrochemical Corp and PRPC Utilities and Facilities Sdn Bhd have issued Letters of Award (LoA) dated March 1 to its 70%-owned subsidiary, TMR LC Services Sdn Bhd, which is involved in building management, maintenance services and hospitality.

Damansara Holdings bags contracts worth RM28.3 mil to operate, maintain facilities in PIC

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LIMA, Peru (Nov 13): Malaysia’s Ministry of Investment, Trade and Industry’s (MITI) strategic approach to the 31st Asia-Pacific Economic Cooperation (Apec) Economic Leaders’ Week (AELW) 2024 includes ensuring a resilient and inclusive global economy.

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Shares of VSTECS Bhd (KL:VSTECS) rose on Thursday after the electronics products distributor reported a surge in quarterly net profit on the back of record-high revenue.

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IOI Corporation Bhd (KL:IOICORP) is expected to post a core net profit of between RM280 million and RM320 million for 1QFY2025, up from RM242 million in 4QFY2024, said CIMB Securities.

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SINGAPORE (Nov 13): Malaysia and Singapore will continue to strengthen their cooperation to combat cross-border crime by adding cybercrime elements, in line with current needs.

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KUALA LUMPUR (Nov 13): The Ministry of Finance (MOF) and the Ministry of Energy Transition and Water Transformation (Petra) are currently reviewing and considering a request for an imbalance cost pass-through (ICPT) payment of RM162 million to Sabah Electricity Sdn Bhd for the period from June to December 2023.

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KUALA LUMPUR (Nov 13): The government is allocating RM7.063 billion as a capital injection to finance the financial commitments of the companies of the Minister of Finance Incorporated (MOF Inc), said Finance Minister II Datuk Seri Amir Hamzah Azizan on Wednesday.

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A man killed himself with a bomb outside Brazil's Supreme Court after trying to enter the building on Wednesday, officials said, stirring security concerns before the country hosts global leaders from the Group of 20 major economies.

Suspected bomber dead after trying to enter Brazil's top court ahead of G20

Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated US bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy.

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KUALA LUMPUR (Nov 14): Shares of Swift Haulage Bhd (KL:SWIFT) fell to their 13-month low on Thursday, after the logistics firm reported weaker-than-expected results.

Swift Haulage shares fall to 13-month low after weaker than expected results

Here is a brief recap of some corporate announcements that made news on Wednesday.

Johor Plantations, United Plantations, VSTECS, Swift Haulage, MHB, Bumi Armada, Dayang Enterprise, Pasdec, and Scientex

South Dakota Senator John Thune, a longtime deputy of Mitch McConnell and an advocate of free trade, won election to lead the Republican Senate majority next year, setting up potential conflicts with President-elect Donald Trump over tariffs and Ukraine aid.

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Republicans held on to their narrow majority in the US House, giving Donald Trump and his party unified control of the elected branches of government and limiting potential curbs on the incoming president’s power.

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China’s economy likely gained momentum last month, with&nbsp;early indicators&nbsp;pointing to a rebound after the government began rolling out stimulus measures in late September.

China’s economy forecast to show modest pick-up after stimulus

Canadian Deputy Prime Minister Chrystia Freeland said American concerns about Mexico’s trade policy not being in line with its North American allies on China are “legitimate,” and she shares them.

Canada agrees with US concerns about Mexico’s trade with China

US President-elect Donald Trump chose loyalists with little experience for several key cabinet positions on Wednesday, stunning some allies and making clear that he is serious about reshaping - and in some cases testing - America's institutions.

Trump taps loyalists with few qualifications for top jobs

The Thai baht is poised to become one of the most vulnerable emerging market Asian currencies as Donald Trump returns to the White House, given the country’s heavy reliance on trade.

Thai baht most vulnerable in emerging Asia to Trump second term

LIMA, Peru (Nov 13): Malaysia hopes to contribute to the infrastructure development in Chancay Port, located around 80km north of Peru’s capital&nbsp;Lima, Prime Minister&nbsp;Datuk Seri Anwar Ibrahim said on Wednesday.

Anwar: Malaysia hopes to contribute to infrastructure development in Peru’s new Chancay Port 

KUALA LUMPUR (Nov 14): Shares of Swift Haulage Bhd (KL:SWIFT) fell to their 13-month low on Thursday, after the logistics firm reported weaker-than-expected results.

Shares of VSTECS Bhd (KL:VSTECS) rose on Thursday after the electronics products distributor reported a surge in quarterly net profit on the back of record-high revenue.

Advanced Micro Devices Inc (AMD) is shedding about a thousand jobs as part of an effort to refocus on newer markets like artificial intelligence (AI) chips.

“As a part of aligning our resources with our largest growth opportunities, we are taking a number of targeted steps that will unfortunately result in reducing our global workforce by approximately 4%,” the company said in a statement on Wednesday.&nbsp;

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KUALA LUMPUR (Nov 14): Methods to end bullying at Universiti Pertahanan Nasional Malaysia (UPNM) and the reasons behind FashionValet Sdn Bhd (FV) investment failure&nbsp;by Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) will be among highlights of the Dewan Rakyat sitting on Thursday.

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Traders added to wagers that the Federal Reserve will cut interest rates by another quarter point next month after in-line inflation data, spurring gains for treasury debt.

The rally trimmed yields on two-year notes, more closely tied to Fed rate decisions than longer tenors, by as much as 10 basis points (bps) to 4.24%.

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Stocks wavered as speculation the market has run too far after the US election offset bets the Federal Reserve will keep cutting rates.

S&P 500 struggles to extend post-election advance

LIMA, Peru (Nov 13): Prime Minister Datuk Seri Anwar Ibrahim said Peruvian President&nbsp;Dina Ercilia Boluarte Zegarra has accepted his invitation to visit Malaysia and will do so soon.

Anwar: Peruvian president to visit Malaysia by end-2025

Facebook owner Meta Platforms must face trial in a US Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media, a judge in Washington ruled on Wednesday.

Meta will face antitrust trial over Instagram, WhatsApp acquisitions

Wall Street's main indexes inched higher on Wednesday after in-line consumer price inflation data kept the US Federal Reserve (Fed) on track to deliver another interest rate cut in December.

Wall Street edges higher after inflation data keeps Fed rate-cut hopes intact

KUALA LUMPUR (Nov 13): The government is allocating RM7.063 billion as a capital injection to finance the financial commitments of the companies of the Minister of Finance Incorporated (MOF Inc), said Finance Minister II Datuk Seri Amir Hamzah Azizan on Wednesday.

Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated US bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy.

Chinese companies are exploring Germany as a fundraising venue, in a move that could reinvigorate the European market for their global depositary receipts (GDRs).

Two companies are getting ready to test the waters. Renewable-energy firm Sungrow Power Supply Co is planning to seek as much 4.88 billion yuan (RM2.99 billion) in Frankfurt through the sale of GDRs, it said last month.