<div class=newsTextDataWrapInner><p>SHAH ALAM (May 30): Destini Bhd has formed a locomotive-based maintenance, repair and overhaul (MRO) arm and is bidding for RM250 million worth of rail-based MRO jobs.</p></div>

<div class=newsTextDataWrapInner><p>Group managing director Datuk Rozabil Abdul Rahman said rail-based MRO would be a new businesss for Destini, an established marine and aviation MRO company.<br />
&nbsp;<br />
Rozabil told reporters after Destini's annual general meeting here today that the company worked on preparing this new business last year and the company should know the outcome of one of its tenders by next month.</p></div>

<div class=newsTextDataWrapInner><p>"We have participated in tenders from KTM (Keretapi Tanah Melayu Bhd), and we are also working with some rail-based companies. We hope that this new business will bring meaningful contribution, going forward," he said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to Rozabil, Destini's order book stands at roughly RM650 million, while the tender book is over RM1 billion.</p></div>

<div class=newsTextDataWrapInner><p>Destini shares have not been traded so far today. Last Friday (May 27), the stock closed unchanged at 60 sen, for a market value of RM570.3 million.</p></div>


SHAH ALAM (May 30): Destini Bhd has formed a locomotive-based maintenance, repair and overhaul (MRO) arm and is bidding for RM250 million worth of rail-based MRO jobs.

Group managing director Datuk Rozabil Abdul Rahman said rail-based MRO would be a new businesss for Destini, an establi...

Destini forms locomotive MRO arm

(Dec 2): XRP, a token linked to Ripple Labs Inc, has vaulted rivals to become the third-largest cryptocurrency in a US$100 billion (RM446.42 billion) rally.

Ripple-linked XRP soars to third-largest token after Trump win

US exchange-traded funds (ETFs) investing directly in bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.

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Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.

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France's far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a "last minute miracle", RN president Jordan Bardella said on Monday.

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The Monetary Authority of Singapore (MAS) has imposed a civil penalty of S$2.4 million (RM8.0 million) on JPMorgan Chase Bank for failing to prevent and detect misconduct committed by its relationship managers (RMs).

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In 1964, Bob Dylan sang The Times They Are a-Changin’, the lyrics of which went something like this:

“Come gather ’round people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You’ll be drenched to the bone

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Malaysia has urged Chinese companies to refrain from using it as a base to "rebadge" products to avoid US tariffs, its deputy trade minister said on Monday, amid increasing export restrictions and concerns of a US-China trade war.

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Former prime minister Datuk Seri Najib Razak has maintained that funds at the heart of the 25 charges he faces in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial were donations from the Middle East.

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<p>Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;</p>


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<p>KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.</p>


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<p>KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.</p>


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<p>Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.</p>


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<p>CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;</p>


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<p>KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.</p>


Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

<p>KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.</p>


Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

<p>LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.</p>


LBS surges in early trade after disposal gain boosts earnings and special dividends

<p>Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.</p>


1MDB-Tanore: Najib takes stand in his defence

<p>The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally</p>


Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

<p>Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.</p>


Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

<p>Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.</p>

<p>However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.</p>


Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

<p>The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.</p>


Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

<p>KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.</p>


Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

<p>Asian stocks rose for a second day, following gains on Wall Street last Friday. The dollar strengthened after US President-elect Donald Trump told BRICS nations not to&nbsp;create a currency&nbsp;to rival the greenback.</p>


Asian stocks follow US gains; Treasuries drop

<p>Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is inviting local and foreign companies to participate in the tender for the Penang Light Rail Transit (LRT) Mutiara Line project, which the federal government has allocated RM10 billion for.</p>


<p>Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.</p>


Xin Hwa shares fall to record low despite early suspension lift of cargo transport unit’s licence

<p>JPMorgan Chase &amp; Co&nbsp;is turning its back on a trend that’s been embraced by many of its Wall Street peers.</p>


JPMorgan rejects transition-finance trend gripping Wall Street

<p>Stellantis chief executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.</p>


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<p>Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market (EM) bonds witnessed under Joe Biden.</p>
