<div class=newsTextDataWrapInner><p>KUALA LUMPUR:  DRB-Hicom Bhd’s unit DRB-Hicom Defence Technologies Sdn Bhd has accepted the letter of award from the federal government for a RM7.55 billion contract to supply armoured wheeled vehicles (AWV).</p></div>
<div class=newsTextDataWrapInner><p>The company said on Monday, March 7 DefTech had accepted the letter, dated Feb 23, to design and supply 257 units of the 8x8 AWV, which will be in eight variants.</p></div>
<div class=newsTextDataWrapInner><p>“The contract valued at RM7.55 billion is for a period of seven years commencing from 2011,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
<div class=newsTextDataWrapInner><p>DRB-Hicom said the contract would spur and enhance the growth of the economy via transfer of advanced defence technologies from its technology partners and original equipment manufacturers (OEM), research &amp; development and local vendors development.</p></div>

KUALA LUMPUR:  DRB-Hicom Bhd’s unit DRB-Hicom Defence Technologies Sdn Bhd has accepted the letter of award from the federal government for a RM7.55 billion contract to supply armoured wheeled vehicles (AWV).
The company said on Monday, March 7 DefTech had accepted the letter, dated Feb 23, to design and supply 257 units of the 8x8 AWV, which will be in eight variants.
“The contract valued at RM7.55 billion is for a period of seven years commencing from 2011,” it said.
DRB-Hicom said the contract would spur and enhance the growth of the economy via transfer of advanced defence technologies from its technology partners and original equipment manufacturers (OEM), research & development and local vendors development.

DRB-Hicom unit DefTech accepts RM7.55b govt contract for armoured vehicles

US import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.

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Retail prices for unsubsidised fuels in Malaysia will jump by 35 sen per litre for the week starting Sept 17, driven by a sharp increase in global crude oil prices as geopolitical tensions in the Middle East escalate.

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A total of 38 areas in Peninsular Malaysia recorded unhealthy Air Pollution Index (API) readings as of 5pm Wednesday.

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Bank Islam Malaysia Bhd (KL:BIMB) has named former Ryt Bank chief executive officer Melvin Ooi as its new group chief technology and transformation officer, as the lender accelerates plans to modernise its technology infrastructure.

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Starbucks Corp is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain's biggest overseas company-operated market at about US$3 billion (RM12.1 billion), two people with knowledge of the matter said.

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Oil prices fell on Wednesday as reports that Saudi Arabia was offering additional crude cargoes via Oman eased concerns about the scale of Middle East supply disruptions, while European diesel prices hovered near a record high.

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<p>Bank Islam Malaysia Bhd (KL:BIMB) has named former Ryt Bank chief executive officer Melvin Ooi as its new group chief technology and transformation officer, as the lender accelerates plans to modernise its technology infrastructure.</p>


<p>Retail prices for unsubsidised fuels in Malaysia will jump by 35 sen per litre for the week starting Sept 17, driven by a sharp increase in global crude oil prices as geopolitical tensions in the Middle East escalate.</p>


<p>Saudi warplanes pounded Yemen, the Houthis said on Wednesday, as the Iran-backed fighters solidified their gains after a lightning advance that has extended Tehran's reach in the Middle East war and further disrupted global oil supplies.</p>


<p>Starbucks Corp is weighing the sale of a majority stake in its Japan business in a potential deal that could value the coffee chain's biggest overseas company-operated market at about US$3 billion (RM12.1 billion), two people with knowledge of the matter said.</p>


<p>Monaco is among several nations poised to exit a global financial watchdog’s dirty money watchlist next month, marking a change in fortune for the city-state that’s home to the world’s highest concentration of millionaires and billionaires.</p>


<p>Chip-heavy South Korean and Taiwanese benchmarks lifted emerging Asia stocks on Wednesday, while regional currencies were muted with the US dollar near multi-week peaks ahead of a widely expected Federal Reserve rate hike.</p>


Asian stocks gain, FX subdued ahead of Fed decision

<p>Former Philippines president Rodrigo Duterte appeared in public on Wednesday for the first time since being transferred to the International Criminal Court 18 months ago to face murder charges regarding his war on drugs.</p>


Former Philippine leader Duterte appears before ICC judges for first time in 18 months

<p>US import prices surged in August amid solid increases in the costs of capital and consumer goods, suggesting inflation could rise further in the coming months.</p>


<p>US retail sales rebounded more than expected in August as households stepped up purchases of motor vehicles and stocked up for the new school year, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.</p>
