<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 29): Kimlun Corp Bhd has bagged a contract worth RM52.8 million to supply and deliver precast concrete tunnel segment linings to the Mass Rapid Transit Line 2 (MRT2) project.</p></div>

<div class=newsTextDataWrapInner><p>The company said in a filling to Bursa Malaysia today that the contract was awarded to its wholly-owned subsidiary SPC industries Sdn Bhd by MMC Gamuda KVMRT Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>MMC Gamuda KVMRT is a joint venture company between engineering construction giants MMC Corporation Bhd and Gamuda Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The estimated completion date is Sept 30, 2019.</p></div>

<div class=newsTextDataWrapInner><p>"The company does not foresee any exceptional risk other than operational risks associated with the supply contract," said Kimlun.</p></div>

<div class=newsTextDataWrapInner><p>Kimlun shares fell 8 sen or 3.74% to close at RM2.06 today, with a market capitalisation of RM639.16 million.</p></div>

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KUALA LUMPUR (Nov 29): Kimlun Corp Bhd has bagged a contract worth RM52.8 million to supply and deliver precast concrete tunnel segment linings to the Mass Rapid Transit Line 2 (MRT2) project.

The company said in a filling to Bursa Malaysia today that the contract was awarded to its who...

Kimlun Corp bags RM52.8m MRT contract from MMC Gamuda

Willowglen MSC Bhd (KL:WILLOW) has clinched a RM79.2 million contract from Singapore’s Public Utilities Board (PUB). 

According to its bourse filing on Monday, the contract was awarded to its wholly owned subsidiary Willowglen Services Pte Ltd.

Willowglen MSC bags RM79.2 mil contract from Singapore's Public Utilities Board

Datasonic Group Bhd (KL:DSONIC) has clinched two contract extensions worth a combined RM81.24 million from the Home Ministry.

Datasonic secures RM81.2m contract extensions from Home Ministry

Manufacturing activity fell sharply across Europe last month and a further decline in demand dashed hopes for an imminent turnaround, whereas in China factories extended their recovery, surveys showed.

European factories struggled last month as China's perked up ahead of Trump tariffs

Datuk Seri Najib Razak told the court on Monday that he was "left speculating" on what specific personal interest was related to the first abuse of power charge he faces in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.

1MDB-Tanore: Najib says still left speculating on what his personal interest is in abuse of power charge

The Global South should unite, even in small ways to pursue shared goals, particularly because US President-elect Donald Trump has threatened tariff specifics for BRICS nations.

Khazanah Research Institute research advisor Jomo Kwame Sundaram said the South must overcome its differences to become more effective and better equipped to navigate global challenges collectively.

Global South should unite in response to Trump’s tariff threats on BRICS — Jomo

Construction and trading group Pesona Metro Holdings Bhd (KL:PESONA) has secured a RM181.8 million contract for the construction of two blocks of 28-storey condominiums  in Cyberjaya.

The developer of the project, comprising 606 units of condominiums on Persiaran Semarak Api in Cyber 11, is Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of Avaland Bhd (KL:AVALAND), said Pesona Metro in a bourse filing on Monday.

Pesona Metro bags RM182m condo construction job in Cyberjaya

HKBN Ltd has received a non-binding preliminary indication of interest from I Squared Capital, potentially setting up a bidding war for the Hong Kong-listed broadband provider.

HKBN confirms receiving takeover interest from I Squared

Stellantis NV chief executive officer Carlos Tavares’ surprise departure leaves the maker of Jeep SUVs and Peugeot cars without clear leadership at a time of significant upheaval in the industry.

Stellantis reels after CEO’s early departure leaves void

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.

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

Workers at nine Volkswagen car and component plants across Germany started strikes lasting several hours on Monday, bringing assembly lines to a halt as labour and management clash over the future of the carmaker's German operations.

Nine Volkswagen plants on strike as labour battle escalates

<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>


Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

<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>


Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

<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>


SimeProp inks data-centre lease agreement worth up to RM5.6b

<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>


MRT Corp begins tender process for Penang LRT contractor

<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>


Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

<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>


CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

<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>The US will launch on Monday its third crackdown in three years on China's semiconductor industry, curbing exports to 140 companies including chip equipment maker Naura Technology Group, among other moves, said two people familiar with the matter.</p>


Latest US strike on China's chips hits semiconductor toolmakers

<p>THERE has been a noticeable rise in the number of companies declaring special dividends since Budget 2025 was tabled in parliament in October. Market observers believe that the rush to pay out special dividends is likely due to the 2% tax on individuals with dividend income exceeding RM100,000 an...

Special dividends on the rise with dividend tax looming

<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>THE FBM KLCI is highly likely to end the year in the positive zone — the first time after three consecutive years of closing lower, barring any unforeseen circumstances that may unfold before the countdown to the new year.</p>

<p>Year to date, the benchmark index has risen almost 10%, although...

Is 1,700-level a reachable target for FBM KLCI?

<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>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>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>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.</p>


Malaysia urges firms from China to avoid using it to dodge US tariffs

<p>Late last week, cash-strapped Practice Note 17 (PN17) counter Sapura Energy Bhd (KL:SAPNRG) announced that both its chairman Datuk Mohammad Azlan Abdullah and group CEO and executive director Datuk Mohd Anuar Taib were resigning due to “other personal commitments” and “personal endeavours” respec...

Frankly Speaking: Uncertain times again for Sapura Energy

<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>


<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>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>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).</p>
