<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 24): Dayang Enterprise Holdings Bhd said it has won a contract to provide procurement, construction, installation, hook-up and commissioning services for Roc Oil (Sarawak) Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The services will be provided under Roc’s Siprod (Simultaneous Production and Drilling) and Infill Drilling Campaign from 2019 to 2023.</p></div>

<div class=newsTextDataWrapInner><p>The value of the contract is based on work orders issued by Roc Oil throughout the four-year contract duration, with an option to extend for another one year, the company said in a filing with the local bourse today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dayang said the contract — awarded to its wholly-owned subsidiary Dayang Enterprise Sdn Bhd — will also include other work and services generally related to the scope of works in the contract, at a fixed schedule of rates.</p></div>

<div class=newsTextDataWrapInner><p>The contract is expected to contribute positively to the group’s earnings over the contract duration, it added.</p></div>

<div class=newsTextDataWrapInner><p>Dayang’s share price recouped slightly today, rising three sen or 3.4% to finish at 92 sen, valuing the group at RM887.63 million.</p></div>

<div class=newsTextDataWrapInner><p>Dayang was among Bursa Malaysia’s top 10 active stocks today, with a turnover of 34.11 million shares.</p></div>


Dayang Enterprise Holdings Bhd said it has won a contract to provide procurement, construction, installation, hook-up and commissioning services for Roc Oil (Sarawak) Sdn Bhd.

The services will be provided under Roc’s Siprod (Simultaneous Production and Drilling) and Infill Drilling Campaign from 2019 to 2023.

Dayang bags four-year contract from Roc Oil Sarawak

The US Supreme Court dismissed on Wednesday an appeal by artificial intelligence chipmaker Nvidia NVDA.O seeking to avoid a securities fraud lawsuit by shareholders who accused the company of misleading investors about how much of its sales depended on the volatile cryptocurrency market.

US Supreme Court dismisses Nvidia's bid to avoid securities fraud suit

Australia’s record-breaking stock rally is poised to extend as signs of more policy support emerge and investors look for markets largely shielded from geopolitical tensions.

The benchmark S&P/ASX 200 Index has climbed 10% so far this year to 8,354, hovering near a record last week.

Australian stocks momentum fueled by haven seekers, fiscal spend

Investors’ enthusiasm for US technology giants sent stocks higher Wednesday, snapping a two-day slide after a benign inflation report cemented expectations that the Federal Reserve will keep cutting interest rates. Treasuries ended the day lower.

The Nasdaq 100 climbed 1.9% to a record while the S&P 500 rose 0.8%, nearing a recent peak.

Wall Street sends big tech to fresh highs post-CPI

The reopening of the Danish embassy in Malaysia marks a pivotal milestone in the bilateral relations between the two nations, especially as Malaysia gears up to chair Asean in 2025, said Denmark’s Minister of Foreign Affairs, Lars Løkke Rasmussen.

Denmark reopens embassy in Malaysia, strengthening ties ahead of Asean chairmanship

Kelantan has fully recovered from the floods on Wednesday night, while in Terengganu, the number of evacuees continued to drop.

In Kelantan, Gua Musang Social Welfare officer Bun Tham Eh Gin said the last relief centre (PPS) at Sekolah Kebangsaan (SK) Limau Kasturi 1, which housed 41 people, was closed at 5pm, indicating that the state has fully recovered from the second wave of floods that struck on Monday.

Kelantan recovers fully from floods, Terengganu sees decline in victims

Donald Trump is slated to ring the New York Stock Exchange’s (NYSE) opening bell on Thursday, presenting a president-elect who has vowed to rejuvenate the US economy a celebratory photo opportunity at an iconic symbol of American capitalism.

Trump scheduled to ring NYSE’s opening bell on Thursday

Luxury real estate brokers Oren and Tal Alexander and their brother Alon were arrested and charged with sex-trafficking by federal prosecutors in New York on Wednesday.

According to the indictment, the three brothers worked together for “well over a decade” to “drug, sexually assault and rape dozens of victims”.

Star real estate brokers Alexanders charged with sex trafficking

Wall Street's main indices rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month.

A Labor Department report showed the consumer price index (CPI) rose 0.3% on a monthly basis in November, compared with the 0.3% increase forecast by economists polled by Reuters.

Wall St advances as inflation data cements December rate-cut hopes

President Vladimir Putin said on Wednesday that Russia would develop artificial intelligence with BRICS partners and other countries, in a bid to challenge the dominance of the United States in one of the most promising and crucial technologies of the 21st century.

Speaking at Russia's flagship AI conference, Putin said the new AI Alliance Network would include national associations and development institutions in the field of AI from BRICS countries and other interested states.

Russia teams up with BRICS to create AI alliance, Putin says

Russia said on Wednesday that Ukraine had struck a military airfield on the Azov Sea with six US-made ATACMS ballistic missiles, a move that could prompt Moscow to launch another experimental intermediate-range hypersonic missile at Ukraine.

Russia vows response after Ukraine used US-made ATACMS to strike airfield

<p>Mara Inc and ACE Market-listed Privasia Technology Bhd (KL:PRIVA) are teaming up to develop and operate a data centre in Bagan Datuk, Perak.</p>


Mara teams up with Privasia to develop data centre in Bagan Datuk, Perak

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


Axiata, Astro, Eco World International, Privasia Technology, MyEG, Petron Malaysia, AE Multi

<p>MyEG Services Bhd’s (KL:MYEG) Zetrix blockchain platform and Astron-Xinghuo BIF have partnered to offer Chinese nationals and business entities digital identification cards and business registration services for verification outside of China.</p>


MyEG’s Zetrix platform to offer digital ID services to China nationals and business entities for overseas verification

<p>After two months of maintenance shutdown, Petron Malaysia Refining &amp; Marketing Bhd (KL:PETRONM) announced on Wednesday that its Port Dickson refinery has resumed operations in full.</p>


Petron Malaysia says Port Dickson refinery has resumed ops in full after two-month closure

<p>The diagnosis-related group (DRG) pricing&nbsp;system to regulate private hospital bills is expected to be rolled out by the second quarter of 2025, Health Minister Datuk Seri Dr Dzulkefly Ahmad said on Wednesday, noting that the Private Healthcare Facilities &amp; Services Act 1998 must first be amended.</p>


Dzulkefly: DRG pricing system rollout in 2Q2025 more likely as private healthcare law amendment needed

<p>Astro Malaysia Holdings Bhd (KL:ASTRO) made a net profit of RM46.94 million for its third quarter ended Oct 31, 2024 (3QFY2025) — its fourth consecutive quarter in the black, as opposed to a net loss of RM47.05 million incurred in 3QFY2024.</p>


Astro logs fourth straight profitable quarter on favourable forex, lower amortisation of assets

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Prawn farmer and processor Camaroe Bhd is seeking a listing on the ACE Market of Bursa Malaysia via an initial public offering (IPO) to raise fresh capital for capacity expansion and setting up a biotechnology department.</p>

<p>The proposed IPO includes a public issuance of 99 million new shares at a price to be determined later, according to the draft prospectus filed with the stock exchange on Wednesday.</p>


Prawn farmer Camaroe files for ACE market IPO

<p>Property developer Eco World International Bhd (KL:EWINT) has declared a final dividend of five sen per share for its FY2024 to be paid in January next year, as it managed to reduce its losses for the fourth quarter ended Oct 31 (4QFY2024) to a third of what it incurred in the previous year's corresponding quarter.</p>


Eco World International cautious on new launches amid slower demand, declares five sen dividend as losses narrow

<p>The Dewan Rakyat approved the Online Safety Bill 2024 in a bloc vote following a request from the Opposition.</p>


Online Safety Bill approved by Dewan Rakyat in bloc vote

<p>China got a head start on a looming trade war with the US by showcasing a new range of tools it’s prepared to use if Donald Trump makes good on his threat to punish the world’s second-biggest economy with tariffs.</p>


Xi readies bargaining chips for US trade war

<p>Solid Automotive Bhd (KL:SOLID) said it is acquiring 4.69 acres of freehold land in Klang from Top Glove Corp Bhd (KL:TOPGLOV) for RM15.92 million.</p>

<p>The automotive electrical parts group said its wholly-owned subsidiary, Part Center Sdn Bhd (PCSB), signed a letter of offer issued by Top Quality Glove Sdn Bhd, a wholly-owned unit of Top Glove, on Wednesday to purchase the agricultural land located at Kawasan Perindustrian Meru Timur.</p>


Solid Automotive buys 4.7-acre land in Klang from Top Glove

<p>AE Multi Holdings Bhd (KL:AEM) has proposed a share capital reduction to wipe out up to RM156 million of the company’s accumulated losses.</p>


AE Multi Holdings proposes RM156m share capital reduction

<p>The reopening of the Danish embassy in Malaysia marks a pivotal milestone in the bilateral relations between the two nations, especially as Malaysia gears up to chair Asean in 2025, said Denmark’s Minister of Foreign Affairs, Lars Løkke Rasmussen.</p>


<p>Luxury real estate brokers Oren and Tal Alexander and their brother Alon were arrested and charged with sex-trafficking by federal prosecutors in New York on Wednesday.</p>

<p>According to the indictment, the three brothers worked together for “well over a decade” to “drug, sexually assault and rape dozens of victims”.</p>


<p>Donald Trump is slated to ring the New York Stock Exchange’s (NYSE) opening bell on Thursday, presenting a president-elect who has vowed to rejuvenate the US economy a celebratory photo opportunity at an iconic symbol of American capitalism.</p>


<p>Russia said on Wednesday that Ukraine had struck a military airfield on the Azov Sea with six US-made ATACMS ballistic missiles, a move that could prompt Moscow to launch another experimental intermediate-range hypersonic missile at Ukraine.</p>


<p>Electric car sales in Norway and Denmark outpaced fossil fuel models in November, driven by generous tax policies and incentives aimed at putting more zero-emission vehicles on the roads.</p>


Sweden left behind amid EV rush in Scandinavian car sales

<p>Opec cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.</p>


Opec makes deepest cut yet to 2024 world oil demand forecast

<p>The Attorney General's Chambers (AGC) expressed concern and regret over the spread of false and misleading information circulating on social media, particularly via a fake Facebook account impersonating the AGC.</p>
