<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 27): Datasonic Group Bhd clinched a five-year contract from the Ministry of Home Affairs (KDN) to supply 13.42 million units of Malaysian Passport Documents, for a contract sum of RM223.38 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, the secure identity and personalisation system solutions provider said its wholly-owned subsidiary Datasonic Technologies Sdn Bhd has accepted the letter of award (LoA) from KDN for supplying the passport documents from Dec 1, 2016 to Nov 30, 2021.</p></div>

<div class=newsTextDataWrapInner><p>Under the terms of the LoA, Datasonic Technologies is required to provide a performance bond of RM2.23 million to KDN, with validity period commencing from Dec 1, 2016 to Nov 30, 2022.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The contract is subject to normal business risks such as increase in cost due to any escalation of material costs and contractual terms including default provisions. As such, the management would put in place control measures and operational procedures to reduce the impact or likelihood of such events," Datasonic said.</p></div>

<div class=newsTextDataWrapInner><p>Datasonic closed seven sen or 5.38% higher at RM1.37 today, giving it a market capitalisation of RM1.77 billion.</p></div>

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KUALA LUMPUR (April 27): Datasonic Group Bhd clinched a five-year contract from the Ministry of Home Affairs (KDN) to supply 13.42 million units of Malaysian Passport Documents, for a contract sum of RM223.38 million.

In a filing with Bursa Malaysia today, the secure identity and person...

Datasonic bags KDN's RM223m five-year passport contract

KUALA LUMPUR (Dec 19): Telekom Malaysia Bhd (KL:TM) has signed a memorandum of understanding (MOU) with Petroliam Nasional Bhd’s (Petronas) digital arm Petronas Digital Sdn Bhd and Gentari Sdn Bhd to accelerate digital transformation and sustainable innovation for industries and the nation.

TM, Petronas and Gentari ink MOU to drive digital transformation for industries

Apple is in talks with Tencent and TikTok owner ByteDance about integrating their artificial intelligence (AI) models into iPhones sold in China, according to three sources familiar with the matter.

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KUALA LUMPUR (Dec 19): theedgemalaysia.com highlighted one stock with positive momentum and one stock with negative momentum at Bursa Malaysia’ s afternoon close on Thursday.

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High Court judge Wan Muhammad Amin Wan Yahya has taken over a civil suit against former prime minister Datuk Seri Najib Razak's wife, Datin Seri Rosmah Mansor, and a Singaporean woman, Shabnam Naraindas Daswani, involving the purchase of luxury goods using funds allegedly diverted from 1Malaysia Development Bhd (1MDB).

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Property developer Mah Sing Group Bhd (KL:MAHSING) has acquired 5.99 acres of land in Taman Pelangi, Johor, from S P Setia Bhd (KL:SPSETIA) for RM156.8 million to develop a premium serviced apartment project.

Mah Sing acquires Johor land from S P Setia for RM157 mil

A friendly comic book character once said, “With great power comes great responsibility”. As Malaysia assumes the Asean chairmanship in 2025, the weight of expectation will rest heavily on its shoulders. Asean faces a year of reckoning, shaped by intensifying external pressures and long-standing ...

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A total of 288,000 members of the Employees Provident Fund (EPF) have registered to contribute more than the statutory rate of 11% for employee contributions as of October 2024.

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MUMBAI (Dec 19): India extended the suspension of trading in derivative contracts for key farm commodities until January, as the world's largest importer of vegetable oils and a major producer of wheat and rice seeks to curb food inflation.

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The Ministry of Tourism, Arts and Culture (Motac) will continue to probe into alleged fraud by an unlicensed travel agency run by a Malaysian entrepreneur and influencer in Seoul, South Korea.

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KUALA LUMPUR (Dec 19): Datin Seri Rosmah Mansor has pronounced the court’s decision to acquit her of all 17 charges in her money-laundering and tax evasion case as “justice”.

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<p>Datin Seri Rosmah Mansor has been granted a full acquittal in her RM7.1 million money-laundering and tax evasion case.&nbsp;</p>


Rosmah acquitted in RM7.1m money-laundering and tax evasion case

<p>The Indonesian arm of Malaysia-based home improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY) dropped in its stock market debut on Thursday after raising 4.16 trillion rupiah (US$257.6 million or RM1.15 billion) in Indonesia's biggest listing in more than a year.</p>


Indonesian arm of Mr DIY drops on market debut

<p>Asian stocks slipped and the dollar was perched near a two-year high on Thursday after the US Federal Reserve cautioned it would ease the pace of rate cuts in the coming year, while the Bank of Japan (BOJ) kept rates steady, as expected.</p>


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<p>Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) soared in early trade on Thursday, a day after YTL Power said the Malaysian Anti-Corruption Commission (MACC) has cleared the group of any wrongdoing in the 1BestariNet project.</p>


YTL Corp, YTL Power soar in early trade after MACC clears subsidiary of wrongdoing in 1BestariNet project

<p>NEW YORK (Dec 19) :&nbsp;Federal&nbsp;Reserve chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to&nbsp;stockpile&nbsp;large amounts of bitcoin.</p>


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<p>KUALA LUMPUR (Dec 19): Aluminproducts maker Winstar Capital Bhd (KL:WINSTAR) rose 40% on its ACE Market trading debut on Thursday.</p>


Winstar Capital rises 40% on ACE Market debut

<p>Shares of Malaysian Resources Corporation Bhd (KL:MRCB) slipped to a four-month low in early trade after the group was said to have withdrawn from the Berjaya Group-led consortium vying for the Kuala Lumpur-Singapore high-speed rail (HSR) project.</p>


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<p>The costly truth about US government shutdowns: They don’t save taxpayers a dime.</p>


Trump, Musk threaten government shutdown. Here’s what that costs

<p>(Dec 19):&nbsp;A look at the day ahead in Asian markets.</p>


Fed's 'hawkish cut' slams markets, BOJ up next

<p>WASHINGTON (Dec 18):&nbsp;The US central bank lowered interest rates on Wednesday, but&nbsp;Federal Reserve chair Jerome Powell said more reductions in borrowing costs hinge on further progress in lowering stubbornly high inflation, remarks that showed policymakers are beginning to reckon with the prospects for sweeping economic change under an incoming Trump administration.</p>


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<p>(Dec&nbsp;19) :&nbsp;The Federal Reserve’s waning enthusiasm for rate cuts jarred US markets on Wednesday, sending stocks lower and pushing Treasury yields and the dollar sharply higher. It was the worst loss for the S&amp;P 500 on the day of a rate decision since 2001.</p>


S&P 500 sees worst Fed day since 2001; yields up

<p>BENGALURU (Dec 18): Micron Technology&nbsp;forecast quarterly revenue and profit below Wall Street estimates on Wednesday, sending shares lower as weak demand for consumer-centric products such as personal computers and smartphones impacts the chipmaker's business.</p>


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<p>(Dec&nbsp;19) :&nbsp;The US Federal Reserve did what markets expected on Wednesday. But that didn’t stop investors from dumping risk assets in droves.</p>


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<p>KUALA LUMPUR (Dec 19): Datin Seri Rosmah Mansor has pronounced the court’s decision to acquit her of all 17 charges in her money-laundering and tax evasion case as “justice”.</p>


<p>(Dec 19):&nbsp;Global investors are looking to Southeast Asia for some shelter, as they brace for uncertainties surrounding Donald Trump’s trade policies, boosting prospects for the region’s stocks in the coming year.</p>


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<p>Analysts expect Scientex Bhd (KL:SCIENTX) to see better earnings from the property division moving forward, which will offset any shortfall and challenges at its packaging manufacturing segment.</p>


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<p>KUALA LUMPUR (Dec 19): Sekretariat Gerak Gempur Media Sosial Rakyat (SGGMSR), together with representatives from 20 non-governmental organisations (NGOs),&nbsp;lodged a police report on Wednesday (Dec 18) against Tun Dr Mahathir Mohamad regarding the Batu Puteh case.</p>


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<p>High Court judge Wan Muhammad Amin Wan Yahya has taken over a civil suit against former prime minister Datuk Seri Najib Razak's wife, Datin Seri Rosmah Mansor, and a Singaporean woman, Shabnam Naraindas Daswani, involving the purchase of luxury goods using funds allegedly diverted from 1Malaysia Development Bhd (1MDB).</p>


<p>The Bank of Japan (BOJ) kept interest rates unchanged on Thursday but one dissenting board member's proposal to push up borrowing costs showed the bank remains on track to tighten policy early next year.</p>


BOJ keeps rates steady, hawkish board member dissents

<p>New Zealand's economy sank into recession in the third quarter as activity dived far more sharply than expected and output in the prior quarter was slashed, a dire result that cements the case for more aggressive rate cuts.</p>
