<div>This article first appeared in <em>The Edge Financial Daily</em>, on January 6, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: MyHSR Corp Sdn Bhd, a wholly-owned unit of the Minister of Finance Inc, will call for a tender today for conducting a survey to establish a common and consistent network within the Kuala Lumpur-Singapore High-Speed Rail (HSR) corridor.</p></div>

<div class=newsTextDataWrapInner><p>Dubbed “ground control point (GCP)”, the survey works will include the installation of the GCP monuments and the establishment of a common reference point among the national grid, the state grid and the HSR project grid.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The outcome of the survey will be instrumental for the interface between the relevant grid systems and the infrastructure construction,” said MyHSR in a statement yesterday.</p></div>

<div class=newsTextDataWrapInner><p>The tender package is open to experienced companies registered with the finance ministry and the Land Surveyors Board of Malaysia.</p></div>


This article first appeared in The Edge Financial Daily, on January 6, 2017.

 

KUALA LUMPUR: MyHSR Corp Sdn Bhd, a wholly-owned unit of the Minister of Finance Inc, will call for a tender today for conducting a survey to establish a common and consistent...

MyHSR to call survey works tender today

Taiwan President Lai Ching-te called on Monday for the signing of an economic partnership agreement with the European Union (EU), saying it would boost cooperation in semiconductors and that as democracies the two sides should be working together.

Chip powerhouse Taiwan calls for economic partnership deal with EU

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.

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

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.

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

Singapore police ended their pursuit of 15 people involved in the country’s largest-ever money laundering scandal, after the suspects agreed to surrender a total of S$1.85 billion (US$1.4 billion or RM6.26 billion) worth of assets to authorities.

Singapore ends pursuit of money launderers who forfeited US$1.4 bil

Trive Property Group Bhd (KL:TRIVE) has proposed a share capital reduction to wipe out RM85 million of the company’s accumulated losses, in a move designed to better align its financial position with its actual asset base.

Trive Property proposes RM85 mil share capital reduction  

Property developer I-Bhd (KL:IBHD) said on Monday that its net profit more than doubled in the third quarter from a year earlier, thanks to higher contributions across all business segments — property development, property investment as well as leisure and hospitality.

I-Bhd confident of sustaining growth after 3Q profit more than doubles to RM13 mil

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.

Rafizi: 13MP to focus on talent development reforms

The Sessions Court has scheduled Jan 21 to 23 next year to resume the trial involving Badrul Hisham Shaharin, the Port Dickson Bersatu division chief, who is accused of publishing seditious content related to the Forest City casino project in Iskandar Puteri.

Court sets Jan 21-23 to resume Chegu Bard's trial

KUALA LUMPUR (Nov 18): Packaging solutions provider, Public Packages Holdings Bhd (KL:PPHB) said on Monday it anticipates that its performance will remain encouraging after net profit rose 13.14% in the third quarter.  

Public Packages’ net profits for the three months ended Sept 3...

Public Packages Holdings optimistic after net profit rises 13.14% in 3Q

Power cable manufacturer Master Tec Group Bhd’s (KL:MTEC) third quarter net profit only grew marginally year-on-year, despite revenue jumping 34.4%, as its gross profit margin fell to 11.3% from 16.6%, its bourse filing on Monday showed.

Master Tec sees slight rise in 3Q profit despite revenue jumping 34% as margin drops

<p>KUALA LUMPUR (Nov 18): Shares of Press Metal Aluminium Holdings Bhd (KL:PMETAL) soared in early trade on Monday, as&nbsp;aluminium futures jumped after China ended&nbsp;a tax rebate over its exports of the metal.</p>


Press Metal soars after China removes tax rebate for aluminium exports

<p>KUALA LUMPUR (Nov 18): Shares of Kossan Rubber Industries Bhd (KL:KOSSAN) rose on Monday to their highest in nearly four months, after the glovemaker unexpectedly declared a special dividend despite below-view results.</p>


Kossan Rubber rises to near four-month high after surprise special dividend

<p>A Singapore court has sentenced oil tycoon Lim Oon Kuin to 17-and-half years in jail for cheating HSBC Holdings plc and instigating forgery, in a case that has shaken the city-state’s commodity-trading community.</p>


Singapore oil tycoon OK Lim sentenced to 17½ years in jail

<p>KUALA LUMPUR (Nov 18): CelcomDigi Bhd (KL:CDB) on Monday cut one of its key financial targets, after its net profit slipped in the third quarter as costs rose faster than revenue growth.</p>


CelcomDigi cuts key financial target after net profit slips in 3Q

<p>China’s steel exports have exploded higher. History suggests it can’t last.</p>


Chinese steel exports are booming but here’s why that won’t last

<p>Barisan Nasional (BN) Sabah chief Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must enter their defence in the graft case involving RM2.8 million linked to a Felcra Bhd investment.</p>


COA: Bung Moktar, wife must defend themselves against graft charges

<p>Malaysian banks are expected to experience net interest margin (NIM) compression, with a potential 25 basis points cut in the overnight policy rate (OPR) by Bank Negara Malaysia (BNM) to 2.75% in the second half of 2025 (2H2025), according to AmBank Research.</p>


Malaysian banks could face NIM compression on potential OPR cut next year, says AmBank 

<p>Umno has informed the High Court that it is seeking an out-of-court settlement in the RM16 million civil suit against them by SRC International and its two subsidiaries.</p>


Umno looking to settle SRC’s RM16m lawsuit

<p>Xi Jinping used his final meeting with Joe Biden to send a clear message to Donald Trump: China wants to be friends, but is ready for a fight if necessary.</p>


Xi’s olive branch to Trump comes with warning on China red lines 

<p>Gold will rally to a record next year on central-bank buying and US interest rate cuts, according to Goldman Sachs Group Inc, which listed the metal among top commodity trades for 2025 and said prices could extend gains during Donald Trump’s presidency.</p>


Goldman says ‘go for gold’ as central banks buy, US Fed cuts in 2025

<p>The Umno leader who first introduced Umno to the corporate world after the New Economic Policy was launched in 1971 was Tengku Razaleigh Hamzah. Razaleigh did this by taking control of Fleet Group in 1972 via Umno proxies/nominees. Fleet Group then controlled the New Straits Times group in Malays...

Alternative Views: Daim took the nexus between business and politics to a new level

<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>TMC Life Sciences Bhd (KL:TMCLIFE) saw its net profit for the first financial quarter ended Sept 30, 2024 (1QFY2025) plunged 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 plunges 81%

<p>The initial operations date (IOD) achieved by Cypark Resources Berhad's (KL:CYPARK) 98MW direct current floating solar project in Kelantan means that the company no longer has delayed solar projects in hand, said BIMB Securities Research.</p>


No more delayed Cypark projects but positives priced in, says BIMB

<p>theedgemalaysia.com highlighted five stocks with momentum at Bursa Malaysia’s noon market break on Monday. One stock showed positive momentum and the remaining four displayed negative momentum. &nbsp;</p>

<p>The stock with positive momentum was:</p>

<ul>
	<li>&nbsp;&nbsp;&nbsp; Cypark Resources Bhd (KL:CYPARK) — up 5.5 sen or 6.59% to 89 sen</li>
</ul>


Stocks with momentum on Nov 18, 2024: Cypark, TechnoDex, Matrix, Karex and Classita  

<p>&nbsp;On the evening of Election Day, Kamala Harris’ campaign was touting high turnout on college campuses in key swing states.</p>


How Donald Trump cut into Democrats’ hold on young voters

<p>(Nov 18):&nbsp;Bitcoin posted its biggest two-day retreat over the weekend since the US election&nbsp;amid a bout of caution in global markets, as traders assess the potential impact of President-elect Donald Trump’s policy agenda.</p>


Bitcoin churns near US$90,000 after largest drop since US election

<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>RIO DE JANEIRO, Brazil (Nov 18): Malaysia is poised to become a regional industrial gateway following its collaborations with Brazil in the semiconductor sector, said&nbsp;Malaysia’s Investment, Trade and Industry Minister&nbsp;Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Zafrul: Semicon collab with Brazil poised to make Malaysia a regional industrial gateway

<p>KUALA LUMPUR (Nov 18): Opposition political party Parti Pribumi Bersatu Malaysia (Bersatu), through its two office bearers, has filed an originating summons against five Members of Parliament (MPs) to vacate their seats. The five MPs were elected under the party’s logo in 2022, but later became independents who are close to Prime Minister Datuk Seri Anwar Ibrahim.</p>
