<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 30): MCE Holdings Bhd has secured contracts to supply various mechanical parts for new Perodua car models.</p></div>

<div class=newsTextDataWrapInner><p>The projects are expected to generate total revenue of approximately RM17.59 million for MCE, while the estimated total investment cost is RM1.83 million.</p></div>

<div class=newsTextDataWrapInner><p>MCE said in a bourse filing that the contracts were secured by its wholly-owned subsidiary&nbsp;Multi-Code Electronics Industries (M) Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Supply of the auto parts is expected to commence in the second quarter ending Jan 31, 2023 (2QFY23) for a duration of six years, it said.</p></div>

<div class=newsTextDataWrapInner><p>The group also said the projects are expected to contribute positively to its earnings over the six-year period from the financial year ending July 31, 2023 (FY23).</p></div>

<div class=newsTextDataWrapInner><p>MCE closed one sen or 0.77% lower at RM1.29 today, valuing the group at RM63.49 million.</p></div>


MCE Holdings Bhd has secured contracts to supply various mechanical parts for new Perodua car models.

MCE bags contracts to supply mechanical parts for Perodua

The international trade system needs urgent reforms as the world continues to witness unfair trading practices, said Prime Minister Datuk Seri Anwar Ibrahim.

He highlighted that despite the presence of the World Trade Organisation, the world faces protectionist measures and the imposition of non-tariff barriers also undermines developing nations.

Anwar urges world trade system reforms to address unfair practices

EVEN before the US Department of Government Efficiency (DoGE) formally came into existence last week, fans and critics of both Space X and Tesla billionaire CEO Elon Musk and businessman turned politician Vivek Ramaswamy are poring over everything said, written and tweeted to gain insights into j...

The State of the Nation: What Malaysia can learn from US DoGE discussions

PUTRAJAYA (Dec 2): Prime Minister Datuk Seri Anwar Ibrahim said Malaysia has expressed full support for Timor Leste's accession as a permanent member of  Asean.

Anwar: Malaysia fully supports Timor-Leste’s accession as a permanent Asean member

The Ombudsman for Financial Services (OFS) and Securities Industry Dispute Resolution Centre (SIDREC) are in the final process of merger completion towards the full operation of the Financial Markets Ombudsman Service (FMOS) by 2025, according to Deputy Finance Minister Lim Hui Ying.

She said the merger is aligned with the continuous commitment of Bank Negara Malaysia (BNM) and the Securities Commission to boost the dispute resolution scheme’s effectiveness and accessibility for financial consumers and investors.

OFS-SIDREC merger is in final process of completion

THE FBM KLCI is highly likely to end the year in the positive zone — the first time after three consecutive years of closing lower, barring any unforeseen circumstances that may unfold before the countdown to the new year.

Year to date, the benchmark index has risen almost 10%, although...

Is 1,700-level a reachable target for FBM KLCI?

Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.

Xin Hwa shares fall to record low despite early suspension lift of cargo transport unit’s licence

Former prime minister Datuk Seri Najib Razak said that he was neither the only prime minister, nor the first, to hold the minister of finance position concurrently, adding that current PM Datuk Seri Anwar Ibrahim also holds both posts.

1MDB-Tanore: Najib says he's not first PM to hold finance minister post, and not the last, citing his late father and Anwar

KUALA LUMPUR (Dec 2): Permodalan BSN Bhd (PBSN) has announced an interim and final income distribution of 1.60 sen per unit, amounting to RM4.1 million for Amanah Saham Nasional Bhd (ASBSN), effective Nov 30, 2024.

Permodalan BSN announces RM4.1m income distribution for Amanah Saham Nasional

FROZEN food distributor Supreme Consolidated Resources Bhd (KL:SUPREME) will be transferring its listing status to the ACE Market on Friday (Nov 29). Listed on the LEAP Market in January 2019, the Sarawak-based firm’s ACE Market initial public offering (IPO) involves the issuance of 70 million ne...

IPO Watch: Supreme Consolidated to take centre stage on Friday 

T7 Global Bhd (KL:T7GLOBAL) has won a contract from Jadestone Energy (M) Pte Ltd for the provision of Pan-Malaysia maintenance, construction, modification (MCM) and hook-up and commissioning (HUC) services for Package B3.

T7 wins third Pan Malaysia contract with Package B3 from Jadestone Energy

<p>Public Bank Bhd (KL:PBBANK) rose to its highest in more than a month on Monday, after the release of its third-quarter results last Friday, as analysts expect the country’s third-largest bank by assets to further write-backs of loan loss provisions in the coming quarters.&nbsp;</p>


Public Bank climbs over one-month high as analysts see more write-backs in coming quarters

<p>KUALA LUMPUR (Dec 2): The High Court on Monday has deferred in delivering its decision on a class action suit by pensioner Aminah Ahmad against the Public Services Department and the government, to compel them to enforce the Court of Appeal’s (COA) mandamus order, which mandates the government to pay them pre-2013 pension adjustment arrears prospectively from January 2022.</p>


Pension arrears decision: Court postpones judgement on Aminah Ahmad’s case to Jan 16, 2025

<p>KUALA LUMPUR (Dec 2): Sime Darby Property Bhd (KL:SIMEPROP) said it has signed an agreement for a 20-year lease of data-centre facilities to Pearl Computing Malaysia Sdn Bhd for up to RM5.6 billion, beginning as early as 2027.</p>


SimeProp inks data-centre lease agreement worth up to RM5.6b

<p>Press Metal Aluminium Holdings Bhd (KL:PMETAL) jumped on Monday to its highest in more than one month, after the group's third-quarter results beat analysts' expectations last Friday, boosted by higher aluminium prices.</p>


Press Metal shares top one-month high after 3Q surprise, boosted by aluminium prices

<p>CGS International views the recent lacklustre market performance as an excellent buying opportunity, as it&nbsp;sees potential price-earnings (P/E) expansion going into 2025.&nbsp;</p>


CGS sees market dip as prime buying opportunity, predicts P/E growth by 2025

<p>KUALA LUMPUR (Dec 2): In November, the Malaysian manufacturing sector experienced a slowdown as demand conditions remained subdued, according to a statement by S&amp;P Global on Monday.</p>


Malaysian manufacturing saw eased production and new orders in November, while exports rose — S&P Global PMI

<p>LBS Bina Bhd (KL:LBS) surged in early trade on Monday, after the group declared special dividends, subsequent to&nbsp;posting quarterly earnings which were boosted by a one-off disposal gain.</p>


LBS surges in early trade after disposal gain boosts earnings and special dividends

<p>KUALA LUMPUR (Dec 2): Pensioners and army veterans have asked Prime Minister Datuk Seri Anwar Ibrahim to look into their plight, especially those who retired before 2013, as they are receiving less pension over the years, owing to the Pensions Adjustment (Amendment) Act 2013 (PAA 2013), which the courts have declared as being unconstitutional, but no action has been taken as yet by the government to set the matter right.</p>


Are pensioners of ‘lower status’ than judges, ask pensioners and army vets, who want the PM to look into their plight, too

<p>Fresh from having charges dropped in one criminal case, former prime minister Datuk Seri Najib Razak is back again in court, this time defending himself in the 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial.</p>


1MDB-Tanore: Najib takes stand in his defence

<p>The foreign labour market is a lucrative business in Malaysia. Every year, up to 2.7 million foreign workers come into the country seeking employment legally</p>


Alternative Views: How a lucrative immigration IT system survived five prime ministers and is poised to rake in billions

<p>The government has decided to maintain the current price of raw water supplied to Singapore, as Malaysia may fall short of achieving the target of "zero dependency" on treated water from the city state by 2030.</p>


Price of raw water sold to S'pore unchanged, as M'sia still needs treated water from city state — deputy minister

<p>Local institutions were net&nbsp;buyers of Malaysian equities for the fourth consecutive week, with net buying of RM207.7 million last week.</p>

<p>However, this was&nbsp;lower than the RM250.6 million recorded in the week prior.</p>


Foreign investors continue to sell on Bursa for fourth straight week at RM259.8m

<p>Asian stocks rose for a second day, following gains on Wall Street last Friday. The dollar strengthened after US President-elect Donald Trump told BRICS nations not to&nbsp;create a currency&nbsp;to rival the greenback.</p>


Asian stocks follow US gains; Treasuries drop

<p>KUALA LUMPUR (Dec 2): Analysts continued to be divided towards the prospects of banks, despite better-than-expected third quarter results and improving industry indicators, amid intense competition for deposits which could still hit net interest margin (NIM) in the near term.</p>


Analysts divided on prospects for banks after strong 3Q but lifted 2024 earnings forecast

<p>Despite reporting a significant year-on-year (y-o-y) jump in earnings, analysts have cut their earnings forecasts for Velesto Energy Bhd (KL:VELESTO),&nbsp;citing a challenging outlook for the company's rigs in the coming year.</p>


Analysts downgrade Velesto Energy amid weaker charter rates, utilisation ahead

<p>JPMorgan Chase &amp; Co&nbsp;is turning its back on a trend that’s been embraced by many of its Wall Street peers.</p>


JPMorgan rejects transition-finance trend gripping Wall Street

<p>Investors are scrambling to decide if Donald Trump’s impending return to the White House will sustain or derail the rally in emerging-market (EM) bonds witnessed under Joe Biden.</p>


Stocks versus bonds dilemma hits EM investors as Trump returns

<p>Stellantis chief executive Carlos Tavares resigned abruptly on Sunday, two months after a profit warning at the maker of Jeep, Fiat and Peugeot cars that has lost around 40% of its value this year.</p>


Stellantis CEO Carlos Tavares abruptly quits as US Jeep, Ram sales falter

<p>Shares in Johor-based logistics provider Xin Hwa Holdings Bhd (KL:XINHWA) fell to their lowest on Monday, despite announcing that its cargo transport unit's goods transport licence suspension is set to be lifted a month ahead of schedule.</p>


<p>Former prime minister Datuk Seri Najib Razak said that he was neither the only prime minister, nor the first, to hold the minister of finance position concurrently, adding that current PM Datuk Seri Anwar Ibrahim also holds both posts.&nbsp;</p>
