<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 13): Ekovest Bhd has completed the sale of a 40% stake in the Duta-Ulu Kelang Expressway (DUKE) concession to the Employees Provident Fund Board (EPF), and will be paying a 25 sen special dividend to shareholders.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, Ekovest said its shares will trade ex-dividend on Feb 23, with the payout slated for March 8.</p></div>

<div class=newsTextDataWrapInner><p>Ekovest previously said it was disposing of its 40% equity interest held in Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd (Kesturi) to the EPF for RM1.13 billion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kesturi is the concessionaire for DUKE, a 34-kilometre highway comprising two phases, with a concession period of 54 years. It was previously an indirect wholly-owned unit of Ekovest. On completion of the stake sale, it is left with a 60% stake in Kesturi.</p></div>

<div class=newsTextDataWrapInner><p>Ekovest said the remainder of the disposal proceeds will be used for repayment of borrowings, exit payment, working capital and expenses for the corporate exercise.</p></div>

<div class=newsTextDataWrapInner><p>In a separate announcement today, Ekovest also updated on its share split, which involves the sub-division of every two existing shares into five, which will go ex on Feb 23 as well.</p></div>

<div class=newsTextDataWrapInner><p>Ekovest gained two sen or 0.71% to RM2.85 today, giving it a market capitalisation of RM2.44 billion.</p></div>


KUALA LUMPUR (Feb 13): Ekovest Bhd has completed the sale of a 40% stake in the Duta-Ulu Kelang Expressway (DUKE) concession to the Employees Provident Fund Board (EPF), and will be paying a 25 sen special dividend to shareholders.

In a filing with Bursa Malaysia, Ekovest said its share...

Ekovest to pay 25 sen special dividend on completion of DUKE stake sale to EPF

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<p>&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>

<p>From Morgan Stanley to JPMorgan Chase, roughly a half dozen sell-side strategists, are now forecasting the world’s reserve currency will peak as early as mid next year before starting to decline, with Societe Generale seeing the ICE US Dollar Index falling 6% at the end of next year.&nbsp;</p>


<p>Australia’s markets watchdog sued HSBC Bank of Australia Ltd. for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>

<p>HSBC received about 950 reports of unauthorized transactions between January 2020 and August 2024, resulting in customer losses of about A$23 million ($14.6 million), according to an Australian Securities and Investments Commission&nbsp;statement&nbsp;Monday.</p>


<p>South Korea’s currency and its stock market will take center stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>

<p>The Korean won will be the main focus for traders, after its heavy losses during the country’s&nbsp;recent political chaos.</p>


<p>What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>

<p>The stock is down 35% this year, placing it among the 20 biggest decliners in the S&amp;P 500 Index.</p>


<p>The employment landscape in Malaysia has undergone a significant transformation. Companies are navigating a talent ecosystem that is influenced by digitalisation, flexible work arrangement (FWA) and a growing emphasis on the diversity, equity and inclusion (DEI) agenda.</p>


<p>In the pursuit of environmental, social and governance (ESG) best practices, it is easy to overlook gaps that are worthwhile addressing in creating a foundation for sustainability that is ultimately rewarding for an organisation.</p>


<p>A student of mine recently approached me, overwhelmed by the weight of juggling her responsibilities. She spoke about the pressure to meet her parents’ expectations, excel in her studies, maintain friendships and prepare for the demands of an unforgiving workforce. Her story is not unique. Across classrooms and boardrooms, young people face mounting pressures, and mental health challenges have become alarmingly common. This is where the collective responsibility of educators, employers and parents comes into play. Supporting students’ mental health and resilience requires a holistic approach, with all parties working together to help young people navigate these challenges and build the mental strength to thrive.</p>
