<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 2): Malaysian Resources Corporation Bhd’s (MRCB) subsidiary has bagged a chilled water supply contract worth an estimated RM149.54 million.</p></div>

<div class=newsTextDataWrapInner><p>KD District Cooling System Sdn Bhd (KDDCS) was awarded the contract by the Employees Provident Fund Board's (EPF) wholly-owned unit Kwasa Utama Sdn Bhd to supply chilled water to an office building in Kwasa Damansara for a period of 25 years from Sept 1.</p></div>

<div class=newsTextDataWrapInner><p>EPF is also a major shareholder of MRCB, and has two representatives in the board of MRCB.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MRCB, in a filing with Bursa Malaysia, said KDDCS's principal activity is to provide district cooling services, while MRCB has the expertise in providing chilled water supply since 2013.</p></div>

<div class=newsTextDataWrapInner><p>"Additionally, the agreement is to strategically position KDDCS to engage with other customers in the vicinity of the Kwasa Damansara development for the provision of chilled water,"</p></div>

<div class=newsTextDataWrapInner><p>Shares of MRCB closed down 1.5 sen or 1.68% at 88 sen with a market capitalisation of RM3.88 billion.</p></div>


Malaysian Resources Corporation Bhd’s (MRCB) subsidiary has bagged a chilled water supply contract worth an estimated RM149.54 million.

KD District Cooling System Sdn Bhd (KDDCS) was awarded the contract by the Employees Provident Fund Board's (EPF) wholly-owned unit Kwasa Utama Sdn Bhd to supply chilled water to an office building in Kwasa Damansara for a period of 25 years from Sept 1

MRCB bags RM150m contract to supply chilled water to office building in Kwasa Damansara

Confidence among US homebuilders advanced to a seven-month high in November on a jump in sales expectations and optimism a Trump administration will ease regulatory burdens.

A gauge of housing market conditions from the National Association of Home Builders (NAHB) and Wells Fargo climbed three points to 46 this month, exceeding all estimates in a Bloomberg survey of economists.

US homebuilder sentiment reaches seven-month high after election

An undersea data cable connecting Finland and Germany was severed in the early hours of Monday by what was likely an external impact, authorities in the Nordic country said.

The 1,200km (750-mile) high-speed fibre optic Helsinki-Rostock link serving data centres is damaged in the Baltic Sea east of southern Sweden, and there’s a high likelihood that it’s completely cut as all of its fibre connections are down, executives of its owner and operator Cinia Oy said at a news conference.

Finland says subsea Germany link serving data centres is cut

The only alternative to the UN Palestinian relief agency in Gaza is to allow Israel to run services there, its chief said on Monday, repeating calls for states to resist an Israeli ban.

No alternative to UNRWA in Gaza besides Israel, says agency chief 

Brazil's President Luiz Inacio Lula da Silva opened the summit of the Group of 20 (G20) major economies on Monday with the launch of a global alliance to combat poverty and hunger that 81 countries have agreed to back.

G20 summit kicks off with global pact to fight hunger, poverty

Oil prices rose on news on Monday that output at Norway's giant Johan Sverdrup oilfield has been halted, adding to earlier gains stemming from escalation in the Russia-Ukraine war.

Oil prices rise on Sverdrup outage, Ukraine war escalation

Here is a brief recap of some corporate announcements that made the news on Monday.

CelcomDigi, Ajinomoto, Master Tec, TMC Life Sciences, Perak Transit, UEM Sunrise, EA Technique, AWC, Johor Plantations, Berjaya Corp, REDtone, Mercury Industries, TCS Group, MMAG, Pecca, and OM Holdings

Members of President-elect Donald Trump’s transition team have told advisers they plan to make a federal framework for self-driving vehicles one of the Transportation Department’s priorities, according to people familiar with the matter.

Trump team is seeking to ease US rules for self-driving cars, Bloomberg reports

Wall Street's main indexes were mixed on Monday, as investors looked ahead to earnings from AI-chip leader Nvidia following a rout the previous week on apprehensions about Donald Trump's cabinet appointments and the central bank's policy path.

Wall Street indexes mixed; Nvidia earnings, Fed policy in focus

The new leadership change in the US is expected to affect the global trade landscape, particularly in trade relations between the US and China.

The Ministry of Investment, Trade and Industry (Miti) said that should the geopolitical issues continue, there is a greater opportunity for other countries such as Malaysia to become alternative destinations for multinational companies to increase or start their investments.

US-China trade war can boost Malaysia's chances to be multinational investment destination — Miti

Pharmaceutical company YSP Southeast Asia Holding Bhd (KL:YSPSAH)’s net profit fell 41.9% to RM3.47 million in the third quarter ended Sept 30, 2024 (3QFY2024), from RM5.98 million a year ago, dragged by foreign exchange (forex) loss and lower sales.

YSP's 3Q profit falls 42% on forex losses, lower sales

<p>TMC Life Sciences Bhd (KL:TMCLIFE) saw its net profit for the first financial quarter ended Sept 30, 2024 (1QFY2025) fall 80.6% to RM2.94 million from RM15.14 million a year ago, as the healthcare group posted a lower revenue while its staff costs and other operating expenses rose.</p>


TMC Life Sciences 1Q net profit drops 81%

<p>A major shareholder of Lagenda Properties Bhd (KL:LAGENDA) and Epicon Bhd (KL:EPICON) has triggered a takeover offer for Mercury Industries Bhd (KL:MERCURY) after having purchased over half of the contractor’s equity interest.</p>


Lagenda Properties, Epicon major shareholder Doh Tee Leong triggers takeover offer of Mercury Industries

<p>Gandingan Jakel Sdn Bhd said it is actively working with Kuala Lumpur City Hall (DBKL) to address concerns at its J Satine project in Wangsa Maju, following a stop-work order issued by the authorities on Nov 8.</p>


Gandingan Jakel says working with City Hall to address J Satine's stop-work order

<p>Businessman Chung Chee Yang, who emerged as Cape EMS Bhd’s (KL:CEB) substantial shareholder last week, has mopped up an additional 3.39 million shares in the company.</p>


Cape EMS’s new substantial shareholder Chung Chee Yang continues to raise stake

<p>The Human Resources Ministry (Kesuma) is allocating RM3 billion starting in 2025 to strengthen the local workforce and its adaptability in response to rapid technological advancements and changing industry demands, said its minister Steven Sim Chee Keong.</p>


HR Ministry to allocate RM3b to upskill Malaysian workforce amid tech advancements

<p>UEM Sunrise Bhd (KL:UEMS) has received development approval for its 0.49ha site in Perth, Australia for a mixed-use development with a gross development value potential of A$450 million.</p>

<p>In a press statement issued on Monday, the developer said that the approval, which involved Lots 1 and 2 at The Oval within Subiaco East, was issued by the Western Australian State Government’s central land and development agency, DevelopmentWA. It is also the first mixed-use project approved within the Subiaco East masterplan.</p>


UEM Sunrise secures development approval for its first project in Perth, Australia

<p>The Malaysian Palm Oil Council (MPOC) has called on the European Union (EU) to classify Malaysia as a “low risk” country under the EU’s new Deforestation-free Products Regulation (EUDR).</p>

<p>MPOC said in a statement on Monday after the EU's decision to postpone the legislation by 12 months.</p>


MPOC urges EU to recognise Malaysia as 'low risk' under deforestation regulation

<p>Setia Awan Group has announced the signing of a memorandum of understanding (MOU) between Astrum Ampang and BilaBila Mart to integrate the convenience store chain into the Astrum Ampang development.</p>


Setia Awan Group’s Astrum Ampang signs MOU with BilaBila Mart to offer convenience store for residents

<p>HSBC Holdings plc has asked hundreds of managers to reapply for jobs in the firm’s newly formed corporate and institutional banking division as chief executive officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently.</p>


HSBC managers are competing to keep their jobs in CEO’s revamp, Bloomberg reports

<p>Here is a brief recap of some corporate announcements that made the news on Monday.</p>


<p>LAST Monday, Datasonic Group Bhd (KL:DSONIC) announced that it had bought 51% equity interest in Innov8tif Holdings Sdn Bhd for RM40 million in cash from Revenue Group Bhd (KL:REVENUE).</p>

<p>Innov8tif Holdings and its subsidiaries Innov8tif Solutions Sdn Bhd, Xendity Sdn Bhd and Innov8tif So...

The tale of Innov8tif and five public-listed companies

<p>Johor Plantations Group Bhd (KL:JPG) said on Monday that it has appointed Johor Corporation (JCorp) affiliated company JL Projects Sdn Bhd as the project manager consortium (PMC) for the construction of its integrated sustainable palm oil complex (ISPOC) for RM30.99 million.</p>


Johor Plantations appoints JCorp unit to oversee construction of integrated refinery in Kota Tinggi

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Xiaomi Corp is now aiming to deliver 130,000 electric vehicles in 2024, raising its target by more than 8% in a show of confidence in the fledgling business.</p>


Xiaomi billionaire again hikes EV goals in show of confidence

<p>SINGAPORE (Nov 18): United Overseas Bank (UOB) announced its collaboration with Disney Cruise Line.&nbsp;</p>


UOB announces collab with Disney Cruise Line

<p>The Civil Aviation Authority of Malaysia (CAAM) has issued a safety directive, banning the use of smart baggage or rather "scooters" as a mode of transportation, in airport aprons.</p>

<p>Its chief executive officer, Datuk Capt Norazman Mahmud in a safety information dated Nov 15 said while rideable smart baggage offers convenience to passengers, its use in restricted areas such as the apron poses significant safety risks.</p>


Smart baggage banned in airport aprons — CAAM

<p>Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd has received a letter of award for rock blasting and general works required for road and drainage systems.</p>


Nestcon secures RM32 mil contract for mixed-use development in Damansara Perdana

<p>Ajinomoto (Malaysia) Bhd's (KL:AJI) net profit surged 76.66% to RM18.29 million in the second quarter ended Sept 30, 2024 (2QFY2025), from RM10.35 million a year ago, helped by stronger sales from both consumer business and industrial business segments, and lower raw material costs.</p>


Ajinomoto's 2Q profit jumps 77% on higher sales, lower raw material costs

<p>A summary of how key Bursa Malaysia indices and the ringgit performed on Monday.</p>


FBM KLCI up 0.73% to 1,604.04 on Nov 18, 2024

<p>The 13th Malaysia Plan (13MP) emphasises a need for talent development reforms in the country to meet workforce needs in the high-income economic sector, said Economy Minister Rafizi Ramli.</p>
