<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 2): G Capital Bhd (formerly known as Gunung Capital Bhd) said its 70%-owned unit Solarcity Malaysia Sdn Bhd has been awarded a solar photovoltaic energy generating system contract by two subsidiaries of KSK Group Bhd.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The contract involves the construction of two plants in Kota Damansara, Petaling Jaya and Jalan Yap Ah Shak, Kuala Lumpur, with a total capacity of 271 KWp, said G Capital in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>The group said the two parties will also execute power purchase agreements for a period of 25 years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>G Capital said the plants are expected to achieve commercial operation by the third quarter of 2022, and thereafter contribute positively to the group’s future earnings.</p></div>

<div class=newsTextDataWrapInner><p>The contract is not expected to have any material impact on the earnings and net assets of the group for the financial year ending Dec 31, 2022, it added.</p></div>

<div class=newsTextDataWrapInner><p>G Capital shares closed down one sen or 2.04% at 48 sen on Wednesday (March 2), for a market capitalisation of RM152.42 million.&nbsp;</p></div>


KUALA LUMPUR (March 2): G Capital Bhd (formerly known as Gunung Capital Bhd) said its 70%-owned unit Solarcity Malaysia Sdn Bhd has been awarded a solar photovoltaic energy generating system contract by two subsidiaries of KSK Group Bhd.

G Capital wins contract to build solar PV system

Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system.

SWIFT to trial live digital currency transactions next year

India's palm oil imports in September fell by nearly a third compared to the previous month, hitting a six-month low as a surge in tropical oil prices made it more expensive than rival oils, forcing refiners to postpone purchases, five dealers said.

India's September palm oil imports hit six-month low on price rise, dealers say

A weakened and "weird" Typhoon Krathon slammed into southwestern Taiwan on Thursday, forcing a second day of closures in financial markets, while grounding hundreds of flights and having led to two deaths.

Weaker but still powerful, Typhoon Krathon slams into Taiwan, two dead

The Malaysia Digital Economy Corporation (MDEC) has named former TikTok Malaysia’s head of public policy Anuar Fariz Fadzil as its new chief executive officer (CEO).

Ex-TikTok executive Anuar Fariz appointed MDEC CEO 

KUALA LUMPUR (Oct 3): Malaysia’s Budget 2025 will prioritise the economic sector by continuing with the structural reform agenda, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Budget 2025 to focus on economic sector, continue with structural reform agenda — Amir Hamzah

The Penang island and Seberang Perai local plans, which will guide future development on the island and in Seberang Perai until 2030, will be gazetted next year.

Penang island, Seberang Perai local plans to be gazetted next year, says CM

Asian emerging market currencies fell on Thursday, with Malaysian ringgit and Indonesia's rupiah leading losses, after escalating tensions between Iran and Israel boosted safe-haven demand for the US dollar.

Malaysian ringgit, Indonesian rupiah drag Asia FX lower on Mideast tensions

SoftBank Group Corp founder Masayoshi Son sketched out one of the most aggressive timelines for the adoption of artificial intelligence (AI) yet, envisioning a near future where the technology would run entire households.

SoftBank’s Son sees AI running households in a few years

KUALA LUMPUR (Oct 3): Malaysia’s producer price index (PPI) decreased by 1.9% in 2023 (2022: 7.8%), mainly due to contraction in the agriculture, forestry fishing (-13.8%), according to the Department of Statistics Malaysia (DOSM).

Malaysia’s producer price index eases by 1.9% in 2023 — DOSM

The growth of new participating life insurance business in Malaysia is expected to remain low in the foreseeable future, according to a Bank Negara Malaysia (BNM) survey on Thursday.

BNM expects continued low growth of participating life insurance business

<p>KUALA LUMPUR (Oct 3): The Sessions Court on Thursday dismissed former prime minister Tan Sri Muhyiddin Yassin’s application to get his international passport returned to him for him to have a vacation and to celebrate his 52nd wedding anniversary with his family in Uzbekistan and Doha, Qatar. He was scheduled to leave the country on Friday, Oct 4, and return on Oct 12.</p>


 Court denies Muhyiddin a return of his passport for vacation and to celebrate anniversary overseas

<p>Bursa Malaysia raised caution over unusual market activity in Pertama Digital Bhd (KL:PERTAMA) as the stock took a steeper dive and extended its loss into the seventh straight day.</p>


Bursa flags unusual market activity in Pertama Digital amid steeper dive

<p>Malaysia may miss its own budget target next year amid potentially lower government revenue and higher operating expenditures, CGS International warned on Thursday.</p>


Putrajaya may miss budget target next year as revenue falls, spending rises — CGS

<p>The yen suffered its biggest drop in more than two years and hit its weakest level in a month versus the dollar after Japan’s new prime minister, Shigeru Ishiba, jolted currency markets by saying the economy isn’t ready for another interest-rate hike. &nbsp;</p>


Yen closes out worst day since 2022 as rate-hike hopes dim 

<p>Hong Leong Investment Bank Bhd (HLIB) has maintained its “overweight” stance on the construction sector as it bet that the construction contracts awarded in 2024 could exceed over RM40 billion, with the potential to surpass RM50 billion, marking the highest level since 2016.</p>


Infrastructure contracts seen topping RM50b for first time since 2016 — HLIB 

<p>Levi Strauss said on Wednesday it was considering a sale of its underperforming Dockers brand and forecast fourth-quarter revenue below expectations, sending its shares down 10% in extended trading.</p>


Levi Strauss considers possible sale of Dockers brand, shares tank 10%

<p>A Singapore court on Thursday sentenced a former minister to 12 months in prison for obstructing justice and receiving more than US$300,000 (RM1.25 million) worth of gifts, in the first jailing of an ex-cabinet member in a city-state famous for its clean governance.</p>


Singapore's disgraced former transport minister jailed for 12 months in landmark case

<p>Rice prices tumbled the most in more than 16 years in Asia as concerns over supply eased after India relaxed some export restrictions.</p>


Rice plunges the most in 16 years after India eases export curbs

<p>As global investors such as Thrive Capital and Tiger Global invest US$6.6 billion (RM27.5 billion) in OpenAI, the ChatGPT-maker sought a commitment beyond just capital — they also wanted investors to refrain from funding five companies they perceive as close competitors, sources told <i>Reuters</i>.</p>


OpenAI asks investors to avoid five AI startups including Sutskever's SSI — Reuters 

<p>Former prime minister Datuk Seri Najib Razak will know if he has to enter his defence or will be acquitted&nbsp;in the 1Malaysia Development Bhd (1MDB)-Tanore trial by month-end.</p>


Enter defence or be acquitted? Najib to know fate in 1MDB-Tanore trial on Oct 30

<p>Donald Trump should stand trial for his “private crimes” in trying to overturn the 2020 election, US prosecutors argued in a newly unsealed court filing that sheds fresh light on his interactions with former vice president Mike Pence.</p>


Trump said ‘so what’ when told of Pence peril on Jan 6, US says

<p>Malaysia’s central bank said on Thursday domestic financial institutions, including insurers, remained supportive of economic growth amid resilient businesses and households while the ringgit strengthens.</p>


Malaysia's financial institutions supportive of economic growth as households, businesses stay resilient — BNM

<p>KUALA LUMPUR (Oct 3): Velesto Energy Bhd (KL:VELESTO) said it has completed its mandatory five yearly special periodical survey (SPS) for its Naga 6 back-up rig on schedule.&nbsp;</p>


Velesto completes periodical works on Naga 6 rig on schedule

<p>Long lines of container ships queued up outside major US ports on Thursday as the biggest dockworker strike in nearly half a century entered its third day preventing unloading and threatening shortages of everything from bananas to auto parts.</p>


Ship queue grows at US ports as dockworker strike enters third day

<p>Maybank Investment Bank Bhd (Maybank IB) has upgraded its rating for the domestic real estate investment trust (REIT) sector to “positive”, as it is expected to see better earnings growth on the back of sustained occupancy and rental rates, coupled with new asset injections.</p>


Maybank IB positive on REIT sector on steady occupancy, asset injections

<p>KUALA LUMPUR (Oct 3): A total of 95 political appointments to federal statutory bodies (FSBs) and government-linked companies (GLCs) have been made under the unity government, led by Prime Minister Datuk Seri Anwar Ibrahim, according to a think tank.</p>


Political appointments still the norm under unity govt, albeit reduced — IDEAS

<p>IJM Land Bhd will launch the first phase of Batiq @ S2 Heights Aman in Seremban, Negeri Sembilan, with 82 two-storey linked homes in the first quarter of 2025.The overall 20-acre Batiq project will have 177 units of linked homes with a gross development value (GDV) of RM173 million.</p>


IJM Land to launch first phase of Batiq homes in Seremban 2 in 1Q2025

<p>BIMB Securities has resumed coverage on Malaysian Pacific Industries Bhd (KL:MPI) with a "buy" call and a target price (TP) of RM40.36 — a 50% upside from its current share price, driven by strong growth outlook.</p>


BIMB Securities resumes coverage on MPI with ‘buy’ call on positive growth outlook

<p>Market watchers are saying that Warren Buffett may be looking to buy Japanese financial firms and shipping companies as Berkshire Hathaway Inc’s return to the yen bond markets fuels speculation he’s raising money to build stakes in value stocks.</p>


Buffett targeting Japanese banks, insurer shares — analysts

<p>Analysts have deemed Sunway Bhd’s (KL:SUNWAY) acquisition of a 17.58-acre freehold land in Taman Taynton, Kuala Lumpur, for RM320 million as fair, citing attractive pricing and strong development potential.</p>
