<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 6): KKB Engineering Bhd has secured a letter of subcontract work to build a proposed glove factory in the Petchem Industrial Park, Tanjung Kidurong, Bintulu, Sarawak (Sarawak Medical Innovation and Technology Hub).</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday (Sept 6), KKB said it had also received a purchase order for the C14 RQ cylinders and C14 compact valve from MyGaz Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The company said the combined total contract sum for the above-mentioned contracts is worth approximately RM17 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KKB said both the subcontract and the purchase order are scheduled to be completed by the second quarter of 2023, and are expected to contribute positively to its earnings for the duration of the supply period.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Tuesday, KKB had fallen 5.41% or eight sen to RM1.40, with 12,000 shares traded.</p></div>


KKB Engineering Bhd has secured a letter of subcontract work to build a proposed glove factory in the Petchem Industrial Park, Tanjung Kidurong, Bintulu, Sarawak (Sarawak Medical Innovation and Technology Hub).

KKB gets letter of subcontract and purchase order worth RM17m

Burberry will use its British heritage appeal to win back customers by focusing on trench coats and scarves and be less ambitious with prices on bags and shoes, the loss-making luxury brand said in a revamp that sent its shares up sharply.

Burberry puts focus back on trench coats, scarves in turnaround plan

The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labour market continued to chug along and that the abrupt slowdown in job growth in October was an aberration.

US weekly jobless claims fall; unemployment rolls shrink

A former Deutsche Boerse AG employee was handed a suspended sentence and must pay €163,000 (RM770,023) for secretly trading on non-public information the Frankfurt stock exchange received from listed companies.

Ex-Deutsche Boerse staffer convicted in insider trading case

Walt Disney Co posted fiscal fourth-quarter (4Q) sales and profit that beat Wall Street estimates and forecast earnings growth for the next three years, a rare event for a company that historically hasn’t made long-range profit projections.

Disney 4Q profit beats expectations as movies, streaming gain

Petroliam Nasional Bhd (Petronas) has made new investments totalling RM7.5 billion at the Pengerang Integrated Complex (PIC) near Kota Tinggi.

Petronas invests another RM7.5b in Pengerang Integrated Complex — Onn Hafiz

Israeli authorities have caused a forced displacement of Palestinian people in Gaza to an extent that constitutes war crimes and crimes against humanity, Human Rights Watch said in a report on Thursday.

Human Rights Watch accuses Israel of war crimes over Gaza displacements

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to participate at the Asia Pacific Economic Cooperation (Apec) CEO’s Summit here on Thursday as part of his engagement at the APEC Economic Leaders Week (AELW).

He will be a panellist in the session entitled 'Opportunities and Challenges in the AI Revolution', along with Microsoft vice-president of Data & AI, Zia Mansoor, Vobile chief executive officer, Yangbin Wang and Google vice-president, Government Affairs & Public Policy, Karan Bhatia.

Anwar to participate in Apec CEO Summit, meet Google vice-president

ACE Market-listed Farm Price Holdings Bhd (KL:FPHB), a Johor-based wholesaler and distributor of fresh vegetables, food and beverage (F&B) products, is expanding its distribution reach to Sabah.

Farm Price ventures into Sabah's fruit business via stake purchase in KK firm

Southern Water Ltd was downgraded to junk status by Moody’s Ratings and warned it could be cut further in light of the woes facing UK water and sewage providers as well as the company’s own weak track record.

UK’s Southern Water cut to junk by Moody’s amid water sector woes

Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.

LFE Corp bags subcontract works worth RM19 mil

<p>The chief executive officer (CEO) of Encorp Berhad (KL:ENCORP), Hazurin Harun, 54, was charged in the Sessions Court on Thursday with two counts of criminal breach of trust (CBT) involving RM1.05 million last year.</p>


Encorp CEO slapped with CBT charges involving RM1.05m

<p>AS the sixth largest of Malaysia’s eight domestic banking groups in terms of assets, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK) is considered a mid-sized lender.</p>

<p>Its relatively smaller size, and the fact that there is often talk that its key shareholder — founder Tan Sri Azman Hashim ...

Cover Story: Analysts not ruling out possibility of M&A at AmBank 

<p>KUALA LUMPUR (Nov 14): Shares of Johor Plantations Group Bhd (KL:JPG) rebounded on Thursday, as stronger-than-expected results lifted investors’ mood, while analysts anticipate further improvements with rising palm oil prices.</p>


Johor Plantations’ shares rebound, analysts scramble to raise estimates after strong 3Q

<p>LIMA, Peru (Nov 13): Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim on Wednesday stressed the importance of strengthening ties with the Global South, highlighting the vast untapped potential and emerging opportunities in this region.</p>

<p>“It’s crucial to shift course slightly and enhanc...

Anwar launches Yinson’s solar park in Peru, calls for robust collab to tap new Global South potentials

<p>KUALA LUMPUR (Nov 13): The government is allocating RM7.063 billion as a capital injection to finance the financial commitments of the companies of the Minister of Finance Incorporated (MOF Inc), said Finance Minister II Datuk Seri Amir Hamzah Azizan on Wednesday.</p>


Govt allocates RM7.06b capital injection to finance firms under MOF Inc

<p>In a landmark decision, the High Court on Thursday ruled that developers who deliver vacant possession of a property without allowing the owners to occupy it is against public policy and goes against the purpose of the vacant possession.</p>


Delivery of vacant possession without occupancy rights is against public policy, court rules

<p>Bumi Armada Bhd (KL:ARMADA) is exploring a merger with MISC Bhd’s (KL:MISC) offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion.</p>


Bumi Armada signs pact with MISC to explore merger of offshore business

<p>Malaysian banks’ earnings will stay “rangebound” in 2025 as the sector grapples with pressure on profitability and a rise in bad debts, according to S&amp;P Global.</p>

<p>Net interest margins, which measures the difference between interest received on loans and returns paid on deposits, could decline by three-to-five basis points due to intense competition for both loans and deposits, the ratings agency said in a report released on Thursday.</p>


Malaysian banks' has limited upside amid margin pressure, rising bad loans — S&P

<p>MISC Bhd (KL:MISC) said on Thursday its net profit fell in the third quarter, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business.</p>


MISC 3Q net profit falls 21%, flags tough LNG shipping outlook

<p>KUALA LUMPUR (Nov 14): The Ministry of Finance (MOF) said on Thursday sovereign wealth fund Khazanah Nasional Bhd will continue to fund start-ups despite&nbsp;losses from its investment&nbsp;in&nbsp;e-commerce platform FashionValet Sdn Bhd.&nbsp;</p>


MOF: Khazanah to continue investing in start-ups despite FashionValet misadventure

<p>Geely Automobile Holdings Ltd, the centrepiece of billionaire Li Shufu’s car empire, continued to increase revenue and profits in the third quarter as the automaker enjoys a boon from its electric vehicle and hybrids segment.</p>


Geely earnings surge as annual sales near 2 mil target

<p>Ice cream brand Ben &amp; Jerry's said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees, and threatened to dismantle its board and sue its members over the issue.</p>


Ben & Jerry's says parent Unilever silenced it over Gaza stance

<p>IOI Properties Group Bhd (KL:IOIPG) has launched its IOI Sustain Roadmap 2030 (ISR 2030) to drive sustainable progress across all facets of the group's operations.</p>

<p>At a launch event at IOI City Mall on Thursday, ISR 2030 outlines 12 strategic pillars driving IOI Properties' initiatives to address climate change, biodiversity, waste management, sustainable finance, supply chain management, employee well-being, and sustainability risks and opportunities.</p>


IOI Properties launches sustainability roadmap and unveils new solar photovoltaic system at IOI City Mall

<p>The Malaysian Automotive Association (MAA) said the country’s new&nbsp;car sales volume or total industry volume (TIV) could reach 800,000 units this year, driven by strong year-end promotions and robust demand for national cars.</p>


Car sales in Malaysia could hit 800,000 units this year, says MAA

<p>Pan Malaysia Corp Bhd (KL:PMCORP) disclosed that its audited net loss for the year ended June 30, 2024 (FY2024) was larger than previously reported in the unaudited statement.</p>


Pan Malaysia Corp says FY2024 net loss larger than before audit following full control of A&W

<p>New solicitors will represent Muhammed Yusoff Rawther in his sexual assault suit against Prime Minister Datuk Seri Anwar Ibrahim.</p>


New solicitors for Anwar's ex-aide Yusoff Rawther, who is suing PM for sexual assault

<p>Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on momentum triggered by Donald Trump's election victory while emerging market stocks traded lower on an uncertain economic outlook.</p>


Currencies, stocks tumble as dollar surges on Trump trade momentum 

<p>Weak China markets dragged broader Asian shares lower on Thursday, while longer-dated US bond yields rose alongside the dollar as investors assessed the monetary policy and inflation outlook in the world's largest economy.</p>


Long-end US bond yields, European shares rise with dollar; bitcoin above US$90,000

<p>The Sessions Court judge hearing the corruption trial involving former Penang chief minister Lim Guan Eng on Thursday rebuked the defence counsel for repeatedly asking the same questions.</p>


Guan Eng’s defence team chastised for repeating same questions in Penang undersea tunnel graft trial 

<p>IOI Corporation Bhd (KL:IOICORP) is expected to post a core net profit of between RM280 million and RM320 million for 1QFY2025, up from RM242 million in 4QFY2024, said CIMB Securities.</p>
