<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 20): Dayang Enterprise Holdings Bhd has secured two five-year maintenance, construction and modification contracts via its wholly-owned subsidiary Dayang Enterprise Sdn Bhd (DESB).</p></div>

<div class=newsTextDataWrapInner><p>DESB secured the contracts from Kebabangan Petroleum Operating Company Sdn Bhd and Repsol Oil &amp; Gas Malaysia Ltd (Repsol O&amp;G), according to Dayang's stock exchange filing today.</p></div>

<div class=newsTextDataWrapInner><p>Both contracts commenced from July 17 this year and will expire on July 16, 2023, with an option to extend for another one year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dayang said the value of the contracts are based on work orders issued by Kebabangan Petroleum and Repsol O&amp;G throughout the contracts' duration and shall include any or all other work and services which are generally related to the scope of works in these contracts, at a fixed schedule of rates.</p></div>

<div class=newsTextDataWrapInner><p>Dayang shares closed unchanged at 74 sen today, giving it a market capitalisation of RM713.96 million.</p></div>


KUALA LUMPUR (Aug 20): Dayang Enterprise Holdings Bhd has secured two five-year maintenance, construction and modification contracts via its wholly-owned subsidiary Dayang Enterprise Sdn Bhd (DESB).

DESB secured the contracts from Kebabangan Petroleum Operating Company Sdn Bhd and Repso...

Dayang Enterprise bags 2 five-year jobs; value based on work orders

Icon Offshore Bhd (KL:ICON), which has proposed a name change to Lianson Fleet Group Bhd, posted a threefold jump in net profit for the third quarter on higher daily charter rates.

Icon Offshore mulls rename to Lianson Fleet Group, 3Q profit triples on higher daily charter rates

France will sharply reduce subsidies for electric-car purchases in the coming days, with a new scale ranging from €2,000 (RM9,364) to €4,000 based on income, down from the previous range of €4,000 to €7,000, a government source said on Thursday.

France slashes electric car subsidies amid budget crunch

WCE Holdings Bhd’s (KL:WCEHB), the concessionaire of the West Coast Expressway (WCE) project, extended its loss-making streak to six straight quarters with a net loss in the July-September quarter, mainly due to interest expenses related to project financing for the completed sections of the highway.

WCE logs sixth straight quarter in the red, eyes return to profit on highway completion

German inflation unexpectedly remained unchanged in November, backing arguments for the European Central Bank (ECB) to continue lowering interest rates.

Consumer-price growth in Europe’s largest economy held at 2.4% — below the 2.6% median estimate in a Bloomberg survey.

German inflation unexpectedly holds steady, backing ECB cuts

Datuk Seri Mohamed Azmin Ali has been appointed as Bersatu secretary general effective Thursday, party president Tan Sri Muhyiddin Yassin said.

Azmin Ali appointed Bersatu sec gen

Romania’s Constitutional Court ordered a recount of all the votes in the first round of the presidential election, which was won by a little-known pro-Russian candidate, deepening the political crisis in the country.

Romanian top court orders a recount in presidential election won by pro-Russian candidate

Trafigura Group, the commodities trading giant, is positioning for record growth in the beleaguered market for carbon credits, as it bets new regulatory frameworks will propel the instruments into the mainstream of emissions accounting.

Trafigura bets troubled CO2 credits market set for rebound

Catcha Digital Bhd (KL:CATCHA) is to purchase a 51% stake in software-as-a-service (SaaS) provider Nexible Solutions Sdn Bhd for RM11.38 million, cash.

Catcha to buy 51% stake in software-as-a-service provider Nexible for RM11.4m

Digital Minister Gobind Singh Deo said on Thursday that Digital Nasional Bhd's (DNB) governance, financial practices, and administrative operations are in order and comply with legal requirements.

Due diligence on DNB finds its operations, financial practices all in order, says Gobind

Solar District Cooling Group Bhd (KL:SDCGB), which listed on the ACE Market of Bursa Malaysia on Sept 19, posted a net loss for the third quarter on high administrative expenses related to the initial public offering (IPO) expenses.

Newly listed Solar District Cooling posts 3Q net loss on IPO-linked expenses

<p>T Ananda Krishnan, a billionaire tycoon with an empire stretching from telecommunications to oil and gas, passed away on Thursday at the age of 86.</p>


Billionaire tycoon Ananda Krishnan passes away

<p>Genting Malaysia Bhd's (KL:GENM)&nbsp;third-quarter net profit jumped over threefold from the previous year, as it recognised net unrealised foreign exchange (forex) translation gains totalling RM601.8 million on its US-dollar denominated borrowings, as opposed to a forex loss of RM1.7 million previously.&nbsp;</p>


Genting Malaysia's 3Q profit highest in nearly six years on forex gains

<p>Toh Puan Na’imah Abdul Khalid, the widow of the late former finance minister Tun Daim Zainuddin, will have her passport unconditionally returned to her by the Sessions Court, after the Court of Appeal (COA) on Thursday overturned a High Court decision which previously denied her application to have the documents returned to her.</p>


Daim’s wife gets unconditional return of her passport from Court of Appeal

<p>CIMB Group Holdings Bhd (KL:CIMB), Malaysia’s second-largest bank by assets, said its net profit for the third quarter rose nearly 10% from a year earlier, thanks to healthy growth in both net interest income (NII) and non-interest income (NOII).</p>


CIMB Group’s 3Q net profit rises nearly 10%, on track to hit ROE target

<p>Supermax Corp Bhd (KL:SUPERMX) extended its streak of losses to seven quarters, as a surge in&nbsp;operating expenses sank the glovemaker&nbsp;into the red,&nbsp;compounded by currency losses.</p>


Supermax trudges through 1Q as losses pile up, expects better finances next year

<p>Carlo Rino Group Bhd (KL:CRG) is selling its shares at 27 sen apiece in an initial public offering (IPO) that could raise over RM46.4 million, according to its prospectus unveiled on Thursday.</p>


Carlo Rino selling shares at 27 sen apiece for ACE Market listing, IPO may raise RM46.4 mil

<p>Gaming-to-plantation conglomerate Genting Bhd (KL:GENTING) reported a 57% drop in its third-quarter net profit, as it was hit by higher property, plant and equipment (PPE) write-off totalling RM207.3 million, as opposed to RM1.3 million previously.</p>


Genting's 3Q net profit more than halves on higher write-off

<p>Sime Darby Bhd's (KL:SIME) net profit jumped 36% in the first quarter ended Sept&nbsp;30, 2024 (1QFY2025) from a year ago, mainly on profit contributions from the UMW division and gain on disposal of Malaysia Vision Valley land.</p>


Sime Darby's 1Q profit jumps 36% on UMW earnings, Malaysia Vision Valley land disposal

<p>The total cost of the expansion of the Penang International Airport (LTAPP) is estimated at RM1.55 billion, with almost all of it to be financed through a private financing initiative by Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).</p>


Penang airport expansion estimated at RM1.55b, almost fully funded by MAHB — exco

<p>China's ByteDance is suing a former intern for US$1.1 million (RM4.9 million), alleging he deliberately attacked its artificial intelligence large language model training infrastructure, a case that has drawn widespread attention within China amid a heated AI race.</p>


ByteDance seeking US$1.1m damages from intern in AI breach case, report says

<p>The weaker US dollar was a tailwind to Capital A Bhd (KL:CAPITALA) in the third quarter ended Sept 30, 2024 (3QFY2024).</p>

<p>After four consecutive quarters of losses, Capital A posted a record-high net profit of RM1.64 billion for 3QFY2024, as opposed to a net loss of RM102.75 million a year ago, as the group recognises RM2.27 billion in foreign exchange (forex) gains compared with a forex loss of RM93.92 million in the corresponding quarter.</p>


Forex gains of RM2.27 bil lift Capital A earnings to record high in 3QFY2024 

<p>Hong Leong Financial Group Bhd (KL:HLFG), the financial services flagship of tycoon Tan Sri Quek Leng Chan, said on Thursday its net profit rose 14% in the first financial quarter from a year earlier, driven by the banking and insurance businesses.</p>


Hong Leong Financial Group's 1Q net profit rises 14% as banking, insurance arms report gains

<p>Farm Fresh Bhd's (KL:FFB) net profit more than doubled in the second quarter ended Sept&nbsp;30, 2024 (2QFY2025), as contributions from Inside Scoop, Sin Wah and profitable Australian operations were boosted by decreased dairy raw material costs.</p>


Farm Fresh declares dividend of one sen as 2Q earnings double

<p>OVER the past few weeks, contracts from Petroliam Nasional Bhd (Petronas) and its production sharing contract partners have been coming in, largely for maintenance, construction and modification (MCM) as well as hook-up commissioning (HUC) services, benefiting a number of local oil and gas (O&amp...

Cover Story: O&G jobs coming in, more expected

<p>TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.</p>


TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

<p>IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.</p>


Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

<p>Tenaga Nasional Bhd (KL:TENAGA) posted an 85% rise in net profit to RM1.58 billion for its third quarter ended Sept 30, 2024 (3QFY2024) thanks to hefty foreign exchange (forex) gains, against RM856.2 million in the same quarter last year, according to the utility giant’s bourse filing on Thursday.</p>


TNB 3Q profit up 85% on RM1.12b forex gain

<p>Prime Minister Datuk Seri Anwar Ibrahim said on Thursday that the approach of obtaining helicopters for the country’s security forces through a leasing arrangement could ease the burden on the nation’s coffers.</p>


PM defends RM16b leasing arrangement of helicopters for country's security forces

<p>KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.</p>


Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

<p>The National Kidney Foundation (NKF) has on Thursday managed to quash the Inland Revenue Board’s decision in 2020 to withdraw the tax-exemption status of the charitable organisation.</p>
