<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 17): Electronic manufacturing services provider K-One Technology Bhd has secured a contract to provide Amazon Web Services’ (AWS) cloud services to a new customer in Singapore for at least RM30 million.</div>

<div class=newsTextDataWrapInner>This is based on the minimum average contract value of RM10 million per year throughout the contract's three year duration, starting Dec 1, 2020, according to the company's stock exchange filing today.</div>

<div class=newsTextDataWrapInner>While it did not identify the customer, K-One Technology said it is one of the world’s largest digital stock image agency with an evenly distributed footprint globally.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The agreement for the job was entered into via K-One Technology's indirect wholly-owned subsidiary, G-AsiaPacific (S) Pte Ltd, it said, and is expected to contribute positively to the group's future earnings.</div>

<div class=newsTextDataWrapInner>K-One Technology shares slipped 0.5 sen or 1.33% to settle at 37 sen today, valuing the group at RM289.6 million.</div>

Electronic manufacturing services provider K-One Technology Bhd has secured a contract to provide Amazon Web Services’ (AWS) cloud services to a new customer in Singapore for at least RM30 million.

This is based on the minimum average contract value of RM10 million per year throughout the contract's three year duration, starting Dec 1, 2020, according to the company's stock exchange filing today

K-One Technology secures RM30 million AWS cloud services contract

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.

Adani to respond to US bribery allegations after legal review

Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".

In widening rift, Sara Duterte says she would have Marcos assassinated if she is killed

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

Loke proposes new logistics hub in Nilai or Enstek

President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov 5 election victory financial professionals had moved on from rising prices and begun worrying about rising US debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.

Fed survey finds inflation fading as a risk next to debt, trade wars

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.

Bitcoin at record highs, sets sights on US$100,000

The health of the US consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.

Black Friday puts consumer spending in market's glare with stocks near records

Nvidia chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US administration imposes stricter export controls on advanced computing products.

Nvidia CEO says global cooperation in tech will continue under Trump administration

As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with 97.07% in 2023.

Malaysia's 5G coverage hit 82.1%, internet access near 100% at end-October — ministry

Lattice Semiconductor Corp is considering making an offer for all of Intel Corp’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.

Lattice Semiconductor mulling offer for Intel’s Altera unit, Bloomberg reports

Saudi Arabia’s sovereign rating was upgraded by Moody’s Ratings for the first time since the company first assessed the kingdom in 2016.

The rating company took the kingdom’s creditworthiness up a notch to Aa3, its fourth-highest grade, according to a statement on Friday. The Moody’s rating is now above those of Fitch Ratings and S&P Global Ratings.

Saudi Arabia’s rating upgraded by Moody’s for first time

A record-high US$7 trillion (RM31.28 trillion) of cash is currently sitting "on the sidelines" in money market funds (MMFs). Anyone hoping to see a significant chunk of this flooding the wider investment field in the coming months may be disappointed.

America's US$7 tril cash stash isn't going anywhere

When Kumpulan Wang Persaraan (Diperbadankan) (KWAP) was established in 2007, with an initial fund of RM41.9 billion, the federal government’s pension and gratuity obligations stood at a mere RM8.25 billion, just 6.7% of its total operating expenditure (opex).

The pension conundrum: KWAP pushes for thoughtful reform amid growing charges

The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households.&nbsp;

Additional rooftop solar quota for M'sian businesses, households

The corporate earnings reporting season for the July-September quarter comes to a close this week. Among the companies slated to announce their financial results are banking groups Malayan Banking Bhd (KL:MAYBANK), Public Bank Bhd (KL:PBBANK), RHB Bank Bhd (KL:RHBBANK) and Hong Leong Bank Bhd (KL:HLBANK) as well as utility giant Tenaga Nasional Bhd (KL:TENAGA).

The Week Ahead: Spotlight on corporate earnings of banks, Tenaga and Opec+ meeting

President-elect Donald Trump on Friday said he will nominate prominent investor&nbsp;Scott Bessent&nbsp;as the US&nbsp;Treasury secretary, a key Cabinet position with vast influence over economic, regulatory and international affairs.

Trump taps tax reform, deregulation advocate Scott Bessent for Treasury

Keck Seng (M) Bhd (KL:KSENG) booked an unrealised foreign exchange (forex) loss of RM81.84 million in the third quarter ended Sept 30, 2024 (3QFY2024), which in turn dragged the group into the red.&nbsp;

Unrealised forex loss of RM81.8 mil pulls Keck Seng into the red in 3Q

Global&nbsp;stocks registered&nbsp;a strong weekly gain on Friday, while US&nbsp;Treasury yields&nbsp;slipped as&nbsp;markets&nbsp;eyed President-elect&nbsp;Donald Trump's likely policies&nbsp;and their&nbsp;impact on the US&nbsp;economy, even as bitcoin traded near the US$100,000 (RM446,800) threshold.

Stocks notch strong weekly gain, US yields slip as markets eye Trump policies

The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.

Amazon.com Inc&nbsp;is investing an additional US$4 billion (RM17.87 billion) in artificial intelligence (AI) startup Anthropic, boosting its stake in one of OpenAI’s chief rivals.

Amazon invests additional US$4b in AI firm Anthropic

Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.

US&nbsp;bank Citigroup has received approval to establish&nbsp;its regional headquarters in Saudi Arabia's Riyadh, according to an internal memo seen by Reuters on Friday.

Citi granted licence for regional headquarters in Saudi Arabia, memo shows

Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.

The banks most reluctant to tap the US&nbsp;central bank's discount window to shore up their capital are in fact those who face the highest failure risk, according to new research from the New York Federal Reserve (Fed) that turns the notion of bank emergency borrowing stigma on its head.

New York Fed paper challenges notion of discount window stigma

UK retail sales declined more than expected in October, as uncertainty over Chancellor of the Exchequer Rachel Reeves first budget prompted consumers to hold back spending.

UK retail sales fell more than expected amid budget anxiety

Japanese Prime Minister Shigeru Ishiba’s Cabinet approved a stimulus package that’s slightly bigger than last year’s, as he followed up on a pledge to ramp up support for households and businesses struggling to cope with higher costs.

Japan’s Cabinet approves stimulus in show of progress for Ishiba

Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officiate the Two Years of Madani Government (2TM) Programme and the 2024 National Convention on Public Service Reform in the Kuala Lumpur Convention Centre on Saturday.

PM to officiate 'two years of Madani govt' programme, national convention on public service reform on Saturday

Saudi Arabia’s sovereign rating was upgraded by Moody’s Ratings for the first time since the company first assessed the kingdom in 2016.

The rating&nbsp;company took the kingdom’s creditworthiness up a notch to Aa3, its fourth-highest grade, according to a statement on Friday. The Moody’s rating is now above those of Fitch Ratings and S&amp;P Global Ratings.&nbsp;

The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;

As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with&nbsp;97.07% in 2023.

China’s rise has challenged America’s undisputed hegemony over the world economy – a status the United States has enjoyed since the Soviet Union’s collapse. While some American national-security elites seek continued US primacy, others seem resigned to an increasingly bipolar world. A more likely...