<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 28): KNM Group Bhd, which is involved in oil and gas (O&amp;G) equipment and services, has secured a contract worth RM13.4 million to build a pre-fabrication tank for a combined cycle power generating facility of up to 1,200MW at Pulau Indah, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday, KNM said the contract was awarded by PEC Powercon Sdn Bhd to its wholly-owned unit KNM Process Systems Sdn Bhd (KNMPS), which is expected to deliver the tank in 11 months. PEC Powercon is principally involved in building constructions.</p></div>

<div class=newsTextDataWrapInner><p>KNPMS, according to KNM, is involved in the design, engineering, procurement, and manufacturing of process equipment, including pressure vessels, reactors, columns and towers, drums, heat exchangers, air finned coolers, process tanks, and other turnkey storage facilities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KNM shares ended 2.04% or half a sen higher at 25 sen apiece on Tuesday, giving the group a market capitalisation of RM832.01 million. It saw some 161.73 million shares done.</p></div>

<div class=newsTextDataWrapInner><p>The stock has jumped 31.58% in the past year from when it closed at 19 sen on Sept 29, 2020.</p></div>


KUALA LUMPUR (Sept 28): KNM Group Bhd, which is involved in oil and gas (O&G) equipment and services, has secured a contract worth RM13.4 million to build a pre-fabrication tank for a combined cycle power generating facility of up to 1,200MW at Pulau Indah, Selangor.

KNM secures RM13.4 mil pre-fab tank contract for Pulau Indah power plant

Aluminium soared as China announced it was removing a tax rebate that covers over five million tonnes of exports of the metal.

Futures in London jumped as much as 8.5% following the announcement from the country’s Ministry of Finance, which didn’t give a reason for the change.

Aluminium soars as China cancels tax incentive on exports

US retail sales increased slightly more than expected in October, but underlying momentum in consumer spending appeared to slow at the start of the fourth quarter.

US retail sales slightly above expectations in October

Economists are largely expecting Malaysia's gross domestic product (GDP) growth to sustain in the final quarter of 2024, but raised concerns about US tariff risks weighing on global trade, which may negatively impact Malaysia's economy in 2025.

Economists sanguine on Malaysia's 4Q prospects but flag global uncertainties may weigh on 2025

The Ministry of Education (MOE) will roll out a new preschool curriculum in 2026, emphasising an equal balance of 50% Malay and 50% English usage.

Education Minister Fadhlina Sidek said the initiative aims to enhance early childhood education through a bilingual approach while integrating other comprehensive educational strategies for preschools under MOE, the Community Development Department (Kemas), the National Unity and Integration Department and private institutions using the national curriculum.

MOE to introduce equal balance of Malay and English usage in new preschool curriculum by 2026

A “scoping exercise” to strengthen the Malaysia-New Zealand Free Trade Agreement (MNZFTA) will cover new areas of cooperation such as digital trade and halal recognition, according to the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia, New Zealand committed on having 'scoping exercise' to strengthen FTA

The Sabah government has referred the issue of two new maritime laws from the Philippines, which violate the state's maritime borders, to the federal government and Wisma Putra for further action.

Sabah refers Philippines' maritime boundary dispute to federal govt for action

A weekly round-up of tanker and dry bulk market (Nov 15, 2024)

Baltic Exchange shipping updates: Nov 15, 2024

Malaysia consistently leverages diplomatic channels to address issues with other nations, said unity government spokesperson Fahmi Fadzil.

The Minister of Communications said this approach aligns with the principles brought by Prime Minister Datuk Seri Anwar Ibrahim in unravelling various problems.

Malaysia resolve issues with other nations through diplomatic channels — Fahmi

Mudajaya Group Bhd (KL:MUDAJYA) has bagged a contract worth RM41.34 million for the construction of a 17-sorey condominium in Kuching, Sarawak.

The group said its wholly owned subsidiary, Mudajaya Corp Bhd, was awarded the contract on Friday by MJC City Development Sdn Bhd.

Mudajaya secures RM41 mil contract to build condo in Kuching

Sime Darby Bhd (KL:SIME) is rebranding itself as “Sime” to “reflect the group’s vision for the future and its renewed strategic focus as a pure-play powerhouse in the automotive and industrial equipment segments”.

Sime Darby rebrands as ‘Sime’ to reflect future vision, strategic focus in automotive

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.</p>


Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.</p>


S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

<p>Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.</p>


Thailand aims to legalise casinos next year in win for global players

<p>Sime Darby Property (KL:SIMEPROP) will launch its latest condominium development named Kanopi Residences in its 6.5-acre City of Elmina township in Shah Alam on Nov 23.</p>


Sime Darby Property to launch City of Elmina’s first high-rise Kanopi Residences on Nov 23

<p>Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.</p>


Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

<p>Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.</p>


Musk escalates Altman legal feud, casting OpenAI as monopolist

<p>Gold traded little changed on Friday, but was set for its worst week in more than three years, hurt by a stronger US dollar amid expectations of fewer Federal Reserve rate cuts.</p>


Gold faces worst week in more than three years on bets of slower US Fed easing

<p>KIP Real Estate Investment Trust (KL:KIPREIT) has acquired a 1.15-acre, or 4,663 sq m, property in Gerik, Perak for RM14.8 million.</p>


KIP REIT acquires 1.15-acre retail asset in Gerik for RM14.8m

<p>Malaysia Smelting Corporation Bhd (KL:MSC) has boosted its dividend payout to 24 sen per share for the financial year ending Dec 31, 2024 (FY2024), comprising a special dividend of 17 sen per share and an interim dividend of seven sen per share.</p>


Bumper dividend of 24 sen for Malaysia Smelting Corp shareholders

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>IPOH (Nov 15): Sunway Property, the real estate arm of Sunway Bhd (KL:SUNWAY), achieved RM42 million in sales at a pre-launch event for upcoming townhouses named Sunway Bayu in Sunway City Ipoh, Perak.</p>


Sunway Property secures RM42m sales for Ipoh’s Sunway Bayu prior to official launch

<p>Trinity Group Sdn Bhd officially launched its latest condominium development named Trinity Sensoria in Beverly Heights, Ampang on Thursday. The project is a joint venture with Singapore-based property developer Oxley Holdings Ltd.</p>
