<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 18): Ecobuilt Holdings Bhd has secured a RM166.37 million contract to undertake a mixed commercial development project in Kota Kinabalu, Sabah.</p></div>

<div class=newsTextDataWrapInner><p>The group's wholly owned subsidiary E&amp;J Builders Sdn Bhd has been appointed the main contractor for the project by Golden Wave Sdn Bhd, Ecobuilt said in a filing today.</p></div>

<div class=newsTextDataWrapInner><p>The development includes the main buildings and external works for retail (basement car parks, levels 1 and 2) and serviced apartments (basement and podium car parks, levels 2 to 14) along Jalan Wawasan.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The project is expected to be completed within 16 months on May 4, 2022.</p></div>

<div class=newsTextDataWrapInner><p>"The project is expected to contribute positively to the earnings and net assets of Ecobuilt for the financial year ending May 31, 2021," said Ecobuilt.</p></div>

<div class=newsTextDataWrapInner><p>Ecobuilt's share price was unchanged at 20.5 sen today, valuing the company at RM70.71 million.</p></div>


Ecobuilt Holdings Bhd has secured a RM166.37 million contract to undertake a mixed commercial development project in Kota Kinabalu, Sabah.

Ecobuilt secures RM166.37m construction contract in Sabah

MORNING CALL: 22/11/24

The use of money-market fund tokens from the likes of BlackRock Inc and Franklin Templeton as collateral in traditional derivatives trades inched closer to reality on Thursday.

CFTC advisers recommend use of tokenised assets as collateral

SEC Chair Gary Gensler, whose ambitious agenda drew fierce resistance from Wall Street and the crypto industry, plans to step down on Jan. 20.

“The Securities and Exchange Commission is a remarkable agency,” Gensler said in a statement on Thursday.

Gary Gensler plans to step down from SEC in January

Australia’s flagship carrier Qantas Airways Ltd. is the top-performing airline stock in Asia over the past year, and is seen as set to extend its climb with help from declining fuel prices.

The shares have risen 68% in the past 12 months, beating all Asian peers in a Bloomberg gauge.

Qantas tops Asian airline stocks on cheap fuel, rival’s demise

Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.

Nvidia says new chip remains on track, helping soothe investors

Stocks ended the day higher as traders contemplated a new US administration keen on deregulation. Bitcoin blew past US$98,000 (RM438,868) while the dollar gained and treasury yields rose.

Trump trade boosts stocks, bitcoin run at US$100,000

KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable t...

TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after the social media company said it had fixed a software bug.

Downdetector, which tracks outages by collating status reports from several sources including users, showed more than 14,000 reports of outages.

Reddit down for thousands of users, Downdetector shows

The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.

LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.

IRB committed to improving tax compliance via  audits, probes

The International Criminal Court (ICC) issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in Gaza, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.

ICC issues arrest warrant for Israel’s Netanyahu on Gaza ‘war crimes’

<p>Thong Guan Industries Bhd (KL:TGUAN) has proposed a seven sen per share special dividend from proceeds of the sale of its food and beverage (F&amp;B) business to its largest shareholder Foremost Equals Sdn Bhd for RM60 million.</p>


Thong Guan proposes seven sen dividend from proceeds of sale of F&B business to major shareholder for RM60m

<p>Here is a brief recap of some corporate announcements that made the news on Thursday.</p>


Petron, DRB-Hicom, Dayang Enterprise, AEON, 7-Eleven, MSM, Hap Seng Consolidated, SunCon, UEM Sunrise, Mega First, Oriental, Heitech Padu, Can-One, Atlan, Maxim, Thong Guan, Globetronics

<p>Hap Seng Consolidated Bhd (KL:HAPSENG) posted a three-fold jump in net profit for its third quarter from a year ago, on improved contributions from the diversified group’s plantation, property and credit financing divisions.</p>


Hap Seng 3Q net profit more than triples, declares 10 sen dividend

<p>Indian billionaire Gautam Adani,&nbsp;indicted in New York&nbsp;over a US$265 million (RM1.18 billion) bribery scheme, is a first-generation tycoon whose phenomenal rise has been accompanied by a series of damaging controversies at home and abroad.</p>


Who is Gautam Adani, controversial Indian tycoon charged with bribery in US?

<p>Kucingko Bhd (KL:KUCINGKO), a 2D animation production company, has decided to discontinue the services of its external auditor Messrs Russell Bedford LC PLT over a disagreement on audit fees.</p>


Kucingko drops Russell Bedford as auditor over fee dispute

<p>FGV Bhd (KL:FGV), which is currently embroiled in a lawsuit over an alleged breach of a palm kernel shell supply agreement, has been directed by the High Court of Kuala Lumpur to file its statement of defence by Dec 4, 2024.</p>


FGV directed to file defence against company's suit by Dec 4

<p>Oriental Holdings Bhd (KL:ORIENT) saw the diversified group’s net profit for the third quarter fall 70.12% year on year to RM88.87 million, from RM297.42 million on the absence of one-off gains recognised in the corresponding quarter in 2023.</p>


Oriental 3Q net profit down 70% on absence of one-off gains

<p>Magnum Bhd (KL:MAGNUM) reported a slight dip in net profit in the July-Sept period as income tax and other expenses increased, but cushioned by better income generated by its gaming and investment holdings and other segments.</p>


Magnum posts marginally lower net profit in 3Q, amid higher tax and other expenses, declares 1.5 sen dividend

<p>The Inland Revenue Board (LHDN) will continue to enforce compliance through audits and investigations to detect any non-compliance among taxpayers in Malaysia.</p>

<p>LHDN deputy chief executive officer (Compliance) Datuk Hisham Rusli said that all actions are carried out in accordance with the laws set forth.</p>


<p>US electric vehicle (EV) maker Tesla has used components from about 45 local suppliers directly or indirectly to date, which also involves technology transfer to the suppliers, according to the Investment, Trade and Industry Ministry (Miti).</p>

<p>The local producers are used mainly for the provision of semiconductor components, machinery inspection and factory automation system, it explained.</p>


Tesla using components from local suppliers, involved in technology transfer — Miti

<p>Bursa Malaysia Bhd is optimistic about the outlook for 2025, citing a robust pipeline of initial public offerings (IPOs) and an active capital market, said chairman Tan Sri Abdul Wahid Omar.</p>


Bursa Malaysia confident in next year's growth with active IPO pipeline, says Wahid Omar

<p>Theta Edge Bhd (KL:THETA) said it has partnered local data-science company iStream360 Sdn Bhd to develop “market transformative” artificial intelligence (AI), blockchain and advanced system solutions.</p>


Theta Edge to form JV with iStream360 to develop AI, blockchain solutions

<p>Boustead Singapore has announced that its engineering and construction (E&amp;C) business, under Boustead Projects’ real estate solutions division, has secured an E&amp;C contract in Malaysia valued at RM300 million (S$90 million).&nbsp;</p>


Boustead Singapore secures RM300 mil E&C contract in Malaysia

<p>Wall Street's main stock indexes were mixed in choppy trading on Thursday as Alphabet weighed on the market, while investors also focussed on AI-heavyweight Nvidia's upbeat quarterly results and forecast.</p>


Wall Street mixed after Nvidia results; Alphabet weighs

<p>Thailand is taking steps to attract more foreign investment to accelerate economic growth while preparing to adjust its policies to cope with potential changes to world trade under a Trump presidency, Prime Minister Paetongtarn Shinawatra said.</p>


Thailand seeks foreign investment as PM plans for Trump era

<p>BMI, a Fitch Solutions company, has forecast an annual average palm oil price of RM3,900 per tonne in 2025, down from an estimated RM4,050 per tonne in 2024. &nbsp;</p>

<p>BMI commodity analyst Matthew Biggin attributed the projection to ample alternative supply, competition from other edible oils, and an uncertain import demand outlook in major consuming markets.</p>


BMI projects average palm oil price for 2025 at RM3,900

<p>Can-One Bhd (KL:CANONE) saw its net loss widen to RM100.54 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM23.12 million in the previous corresponding quarter, dragged by unrealised foreign exchange loss of RM80.6 million.</p>


Unrealised forex loss drags Can-One further into the red in 3Q

<p>The International Criminal Court (ICC) issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes in Gaza, adding to pressure on the country’s leadership over the conduct of its military campaign against Hamas.</p>


<p>Pawnbroker Pappajack Bhd (KL:PPJACK), whose shares will be transferred from the ACE Market to the Main Market of Bursa Malaysia on Friday (Nov 22), saw its net profit rise 8.2% to RM6.52 million in the third quarter ended Sept 30, 2024 (3QFY2024) from RM6.03 million a year earlier, on the back of a 19.3% increase in gross profit from both the pawnbroking segment and sales of unredeemed or bid pledges.</p>
