<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): KKB Engineering Bhd has been awarded an engineering, procurement and construction (EPC) subcontract involving a flare platform for the Kawasari Gas Development Project, located offshore Sarawak, from Malaysia Marine and Heavy Engineering Sdn Bhd and Technip Geoproduction (M) Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing today, KBB said its subsidiary, OceanMight Sdn Bhd, has received a letter of award for the EPC work, with a formal agreement between the parties to be executed in due course. No contract sum was specified.</p></div>

<div class=newsTextDataWrapInner><p>The job is scheduled to be completed within the first half of 2022.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KKB Engineering's shares closed two sen or 1.21% lower at RM1.63 today, giving the engineering company a market capitalisation of RM420.2 million, after 300,400 shares were traded.</p></div>

<div class=newsTextDataWrapInner><p>The counter, which soared 58% from the start of the year to RM2.35 on March 5, is now up 9.4% year-to-date, after paring the bulk of its gains.</p></div>

<div class=newsTextDataWrapInner><p><em>Edited by Tan Choe Choe</em></p></div>


KKB Engineering Bhd has been awarded an engineering, procurement and construction subcontract involving a flare platform for the Kawasari Gas Development Project from Malaysia Marine and Heavy Engineering Sdn Bhd and Technip Geoproduction (M) Sdn Bhd.

KKB Engineering secures EPC subcontract for Kawasari project

Thunderstorms, heavy rain and strong winds are expected in Perak, Kelantan, Terengganu, Pahang, Selangor and Johor until 4pm on Saturday.

Thunderstorms in six states until 4pm on Saturday — MetMalaysia

Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its US$14.9 billion (RM67.2 billion) bid for US Steel and threatened legal action if the deal is blocked.

Nippon Steel alleges undue White House influence on doomed US Steel deal review, letter says

Alphabet Inc’s Google called a US Justice Department (DOJ) plan to force it to sell its web browser “extreme” and at odds with the law, urging a Federal Court judge to take caution lest he stifle innovation and future investment.

Google blasts Chrome sale as ‘extreme’ remedy at odds with law

The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.

Direct route from Chennai elevates Penang as key regional air travel hub, says exco

At first glance, Sony Group Corp’s US$1.2 billion (RM5.4 billion) acquisition of the anime streaming site Crunchyroll in 2021 looks like a success. Subscribers to the US$8-a-month service have tripled to 15 million since then, and the number of new shows has doubled to more than 50 every quarter.

Sony's Crunchyroll finds its early lead in anime under attack

Samsung Electronics Co and Texas Instruments Inc completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the Biden administration’s Chips Act initiative.

Samsung, Texas Instruments finalise Chips Act awards deals

OpenAI is preparing to launch a new artificial intelligence (AI) model that it said is capable of more advanced human-like reasoning than its current offerings, ratcheting up the competition with rivals such as Alphabet Inc’s Google.

OpenAI unveils more advanced reasoning model in race with Google

The House passed funding to keep the US government operating until mid-March just hours before a midnight shutdown deadline, capping off a tumultuous two days in which two earlier plans pursued by Speaker Mike Johnson collapsed.

House passes plan to fund US govt as shutdown deadline nears

US President-elect Donald Trump appears committed to imposing high tariffs on imports to the United States – or, at least, using the threat of tariffs to bend US trading partners to his will. Trump now says he will enact a 25% tariff on all imports from Canada and Mexico on his first day in offic...

Asia In The World Economy: Trump’s Tariffs Will Backfire

Volkswagen AG (VW) reached an agreement with labour leaders to cut capacity at its namesake brand while avoiding factory closures, capping three months of tense negotiations and preventing further union walkouts.

VW, union agree to cut capacity and keep German plants open

<p>Bank Negara Malaysia (BNM) announced on Friday evening several temporary measures to address the uproar over the sizeable medical insurance premium hikes that insurance and takaful operators deem necessary to cover the higher costs of medical services.</p>


Who pays the price of runaway healthcare inflation?

<p>Highway users nationwide will enjoy toll-free travel&nbsp;on Dec 23 and 24, in conjunction with&nbsp;Christmas celebration.</p>


Christmas: Toll-free travel for Class 1 vehicles on all highways on Dec 23 and 24

<p>Wall Street surged on Friday and the dollar softened as cooler-than-expected inflation data helped investors look past the possibility of a government shutdown and fresh tariff threats from US&nbsp;President-elect Donald Trump.</p>


US stocks end sharply higher, dollar drops after inflation report

<p>In a<em>&nbsp;Vanity Fair&nbsp;</em>video&nbsp;last month, Lisa, a member of mega&nbsp;K-pop&nbsp;band Blackpink, shared her obsession with toys from Chinese company Pop Mart International Group Ltd.&nbsp;</p>


China's hottest stock Pop Mart rockets 370% on craze for collectibles

<p>The House passed funding to keep the US government operating until mid-March just hours before a midnight shutdown deadline, capping off a tumultuous two days in which two earlier plans pursued by Speaker Mike Johnson collapsed.</p>


<p>Singapore’s main stock index is on track to have its best annual performance since 2017, but any celebrations over the Straits Times Index’s 15% gain so far this year are likely to be overshadowed by doubts about what lies ahead.&nbsp;</p>


Singapore stocks’ best year since 2017 masks downbeat outlook

<p>Qualcomm Inc prevailed at trial against Arm Holdings plc’s claim that it breached a licence for chip technology that the world’s largest maker of mobile-phone processors acquired when it bought a startup in 2021.&nbsp;</p>


Qualcomm defeats Arm’s claim over chip design licence breach

<p>The election of Donald Trump will usher in a wave of private-company purchases that had previously been slowed by red tape, investor Cathie Wood said in an interview, in which she also reiterated her ultra-bullish view on bitcoin.</p>


Cathie Wood predicts wave of startup M&A after Trump election, ultra-bullish on bitcoin

<p>Volkswagen AG (VW) reached an agreement with labour leaders to cut capacity at its namesake brand while avoiding factory closures, capping three months of tense negotiations and preventing further union walkouts.</p>


<p>Alphabet Inc’s Google called a US Justice Department (DOJ) plan to force it to sell its web browser “extreme” and at odds with the law, urging a Federal Court judge to take caution lest he stifle innovation and future investment.</p>


<p>Express bus companies must ensure a second driver is on board for long-distance trips, especially during the festive season, said Deputy Transport Minister Datuk Hasbi Habibollah.</p>


Express bus companies must have second driver for long trips, says deputy minister

<p>The launch of a new direct route from Chennai to Penang, via IndiGo, commencing on Saturday, marks a significant milestone in enhancing connectivity, generating economic opportunities, and solidifying Penang’s position as a regional air travel hub.</p>


<p>OpenAI is preparing to launch a new artificial intelligence (AI) model that it said is capable of more advanced human-like reasoning than its current offerings, ratcheting up the competition with rivals such as Alphabet Inc’s Google.</p>


<p>At first glance,&nbsp;Sony Group Corp’s US$1.2 billion (RM5.4&nbsp;billion) acquisition of the anime streaming site Crunchyroll in 2021 looks like a success. Subscribers to the US$8-a-month service have tripled to 15 million since then, and the number of new shows has doubled to more than 50 every quarter.</p>


<p>US President-elect Donald Trump appears committed to imposing high tariffs on imports to the United States – or, at least, using the threat of tariffs to bend US trading partners to his will. Trump now says he will enact a 25% tariff on all imports from Canada and Mexico on his first day in offic...

<p>Samsung Electronics Co&nbsp;and Texas Instruments Inc&nbsp;completed final agreements to get billions of dollars of government support for new semiconductor plants in the US, cementing a major piece of the Biden administration’s Chips Act initiative.&nbsp;</p>


<p>Thunderstorms, heavy rain and strong winds are expected in&nbsp;Perak, Kelantan, Terengganu, Pahang, Selangor and&nbsp;Johor until 4pm on Saturday.</p>


<p>Nippon&nbsp;Steel alleges the White House had "impermissible undue influence" over a national security review of its US$14.9 billion (RM67.2&nbsp;billion) bid for US&nbsp;Steel and threatened legal action if the deal is blocked.</p>
