<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

Chinese Foreign Minister Wang Yi said the country wants to restore direct flights with India, as tensions between the two Asian neighbours dial down following a four-year impasse on border disputes.

China seeks to resume direct flights with India as tensions ease

Asian News International, one of India’s largest news agencies, sued OpenAI in a court in India alleging that the US artificial intelligence company misused its copyrighted news content.

Indian news agency sues OpenAI for copyrighted content violation

Options traders are primed for a nearly US$300-billion (RM1.34-trillion) swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, US options market data showed.

Nvidia's options primed for US$300b price swing after earnings

Theta Edge Bhd (KL:THETA) signed a memorandum of understanding (MOU) with China’s ZICT Technology Co Ltd today (Nov 19), laying the groundwork for collaboration in smart city development and mobility-as-a-service (MaaS) initiatives.

Theta Edge enters pact with ZICT Technology for smart city solutions

Malayan Flour Mills Bhd’s (MFM)(KL:MFLOUR) net profit for the third quarter ended Sept 30, 2024 (3QFY2024) plummeted 69.7% to RM7.34 million, from RM24.2 million in the same quarter last year.

Malayan Flour Mills 3Q net profit slumps 69.7% to RM7.34 mil despite higher revenue

Matrix Concepts Holdings Bhd’s (KL:MATRIX) Levia Residence condominium in Cheras has achieved a take-up rate of 70% since its official launch in January, according to a press statement on Tuesday.

Matrix Concepts’ Levia Residence condo in Cheras achieves 70% take-up, to have smart concierge services

Penang-based SAM Engineering & Equipment (M) Bhd’s (KL:SAM) reported a drop of 23.7% year-on-year (y-o-y) in its second quarter ended Sept 30, 2024 (2QFY2025) net profits, amid lower contribution from its equipment segment.

Sam Engineering's 4Q net profit fell 24% on-year on lower revenue

Construction company Binastra Corp Bhd (KL:BNASTRA) has secured a contract worth RM256.45 million for mechanical and electrical (M&E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur.

Binastra bags RM256.45 mil M&E job for Exsim's data centre in Bukit Jalil

Higher contribution from Star Media Group Bhd’s (KL:STAR) radio, property development and investment businesses offset losses from its mainstay print media business, leading the group to post a higher net profit for its third quarter ended Sept 30, 2024 (3QFY2024).

Star Media's 3Q profit up as radio, property biz offset print media losses

Stocks slumped, with European equities shedding 1%, and global bonds climbed on worries over the latest escalation in Russia’s war against Ukraine.

Stocks fall as Russia-Ukraine war rattles traders

<p>An estimated 620,000 jobs across 10 key sectors of the Malaysian economy are at risk of convergence of displacement if they do not reskill or pivot to an adjacent role, based on a study on the impact of artificial intelligence (AI), digital technology, and the green economy on the Malaysian workforce.</p>


620,000 Malaysian jobs across 10 sectors at high risk of displacement by advancement of AI, digital tech and green economy, says TalentCorp study

<p>Apple Inc has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16.</p>


Apple offers US$100m to undo Indonesia iPhone 16 ban

<p>Newly confirmed High Court judge Leong Wai Hong has recused himself from hearing 1Malaysia Development Bhd (1MDB) and 10 other companies' US$346 million (RM1.63 billion) suit against Datin Seri Rosmah Mansor and Singaporean Shabnam Naraindas Daswani.</p>


Rosmah successful in recusing judge from hearing 1MDB suit against her and Singaporean

<p>(Nov 19):&nbsp;Marina Bay Sands is seeking a loan of around S$12 billion (US$9 billion, or RM40.24 billion), in what would be the largest financing from Singapore, as the company looks to fund the planned expansion of its casino resort in the city state.&nbsp;</p>


Marina Bay Sands eyes Singapore’s largest loan of US$9b — Bloomberg

<p>THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.</p>

<p>At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

<p>KUALA LUMPUR (Nov 19): The widow of Tun Daim Zainuddin on Tuesday insisted that the criminal charge against him go for a full trial, confident that he will be exonerated.</p>


Daim’s widow wants trial against her husband to proceed to clear his name

<p>SINGAPORE (Nov 18): Genting Singapore’s licence to operate a casino here has been renewed for two years with effect from next February.</p>


Genting Singapore receives two-year extension of its casino licence

<p>The transformation of the Armed Forces Fund Board (LTAT) must begin immediately as a prolonged suspension of the pension fund's activities risks liquidation of its assets, according to a report by the Public Accounts Committee.</p>


Parliament watchdog flags RM5b risk amid LTAT-Boustead restructuring halt, calls for immediate action

<p>Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year high.</p>


EM stocks rally; Manila, Bangkok up on rate-cut bets

<p>KUALA LUMPUR (Nov 19): Home Minister Datuk Seri Saifuddin Nasution Ismail said on Tuesday that all immigration counters and automatic gate systems (autogates) at the Kuala Lumpur International Airport (KLIA), as well as at Bangunan Sultan Iskandar’s customs, immigration and quarantine (CIQ) complex in Johor Bahru, must remain open during peak hours to ease congestion.</p>


All immigration counters, autogates at KLIA and Bangunan Sultan Iskandar to stay open during peak hours — home minister

<p>Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the <i>Financial Times</i> reported on Monday, citing two people with knowledge of the talks.</p>


Trump's social media group in talks to buy Bakkt — FT

<p>PUTRAJAYA (Nov 19): Imprisoned former prime minister Datuk Seri Najib Razak’s appeal of his RM1.9 million malfeasance in public office suit against former attorney general (AG) Tan Sri Tommy Thomas has been vacated yet again.</p>


Another COA judge recuses herself, Najib’s appeal in suit against Tommy Thomas postponed

<p>Malaysia has raised its December export tax for crude palm oil to 10% from 8% and increased its reference price, a circular on the Malaysian Palm Oil Board website showed on Tuesday.</p>


Malaysia raises December crude palm oil export duty to 10%

<p>Malaysia’s poultry players may see an expansion in their profit margins thanks to declining feed expenses and other input costs that will help soften the blow from the ringgit's depreciation, an analyst said.</p>


Poultry sector may see profit margins expand on lower feed costs — MIDF

<p>CelcomDigi Bhd’s (KL:CDB) short-term outlook may be subdued following an underwhelming third-quarter, though analysts are cautiously betting that earnings will accelerate in 2025.</p>


CelcomDigi's short-term outlook tepid after underwhelming 3Q as analysts bet on 2025

<p>Two of the world’s biggest foreign holders of US government debt offloaded a pile of treasuries in the third quarter as they rallied before the presidential election.</p>


Japan and China dump US treasuries before Trump’s victory

<p>Malaysia’s initial public offering (IPO) market continued to outperform its Southeast Asian peers so far this year, leading in terms of IPO count, funds raised and market capitalisation, according to Deloitte's latest report.</p>


Malaysia's IPO market remains in the lead in Southeast Asia, with highest listings, funds raised, market cap — Deloitte

<p>The Malaysian automotive sector could see sustained growth in 4Q2024 on high order backlogs and promotional activities, analysts said after a month-on-month (m-o-m) rebound in October sales.</p>


Backlog to support 4Q auto sales, say analysts after October m-o-m rebound

<p>Hong Kong's High Court on Tuesday jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city's once feisty democracy movement and drawn criticism from the US and other countries.</p>


Jailing of 45 Hong Kong democrats in landmark trial draws criticism

<p>The Ministry of Health (MOH) will no longer award pharmaceutical procurement contracts to just one company, in order to ensure a secure and stable supply of medication in the country.</p>
