<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 12): Pesona Metro Holdings Bhd’s unit has secured a RM154.67 million contract for the main building works of a 28-storey condominium project in Cyberjaya for Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of MCT Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Pesona Metro said its wholly owned unit Pesona Metro Sdn Bhd accepted the letter of award for this project, which has a duration of 24 months commencing from Oct 25, from ONG&amp;ONG 360 Consultancy Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Data from the Companies Commission Malaysia shows that ONG&amp;ONG 360 is involved in the provision of project management, architecture and engineering consultancy services.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>ONG&amp;ONG is 51%-owned by Hasbullah Abdullah, 30% by ONG &amp; ONG (Overseas) Pte Ltd, 10% by Yeo Chu Kang, 3% each by Ching Heng Hoe, Ng Cho You and Ahmad Syazli Mat Husin.</p></div>

<div class=newsTextDataWrapInner><p>Pesona Metro is 58%-controlled by its managing director Wie Hock Beng and his brother Wie Hock Kiong via Sincere Goldyear Sdn Bhd and Kombinasi Emas Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>MCT, meanwhile, is 66.25%-owned by Philippines real estate developer Ayala Land Inc via Regent Wise Investments Ltd.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Pesona Metro closed unchanged at 19 sen on Wednesday (Oct 12), valuing the group at RM132.05 million.</p></div>

<div class=newsTextDataWrapInner><p>MCT closed unchanged as well at 10.5 sen per share, giving it a market capitalisation of RM152.98 million.</p></div>


Pesona Metro Holdings Bhd’s unit has secured a RM154.67 million contract for the main building works of a 28-storey condominium project in Cyberjaya for Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of MCT Bhd.

Pesona Metro bags RM155m job to build 28-storey condominium in Cyberjaya

Berjaya Food Bhd (KL:BJFOOD) on Thursday posted its fourth consecutive quarter in the red as the anti-Israel boycott movement continued to affect the group, which operates the Starbucks coffee chain in Malaysia.

Berjaya Food logs fourth quarter in the red due to anti-Israel boycott

Gold miner Niche Capital Emas Holdings Bhd (KL:NICE) has commenced gold mining operations at the Sokor North Gold Mine in Kelantan, with the successful commissioning of its heap leaching plant there.

Niche Capital Emas begins gold mining ops in Kelantan

Bumi Armada Bhd (KL:ARMADA) is exploring a merger with MISC Bhd’s (KL:MISC) offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion.

Bumi Armada signs pact with MISC to explore merger of offshore business

Minister of Natural Resources and Environmental Sustainability Nik Nazmi Nik Ahmad assured that the introduction of Euro 5 petrol in September next year will not lead to an increase in fuel prices.

He said that its implementation requires investment from oil companies, as it is a continuous step to upgrade fuel specifications, in addition to maintaining the country's air quality.

Euro 5 petrol introduction will not burden consumers — Nik Nazmi

LBS Bina Group Bhd (KL:LBS) said it it looking into developing a 10-gigawatt (GW) green hydrogen plant in Kota Marudu, Sabah jointly with the Sabah Forestry Development Authority (Safoda) and two other companies.

LBS Bina inks MOU to develop green hydrogen plant in Sabah

UOA REIT (KL:UOAREIT) saw its net rental income fall 12.6% to RM18.66 million in its third quarter ended Sept 30, 2024 (3QFY2024), from RM21.34 million a year ago, as gross rental dropped on the departure of an anchor tenant, while operating expenses climbed.

UOA REIT's 3Q rental income falls on loss of anchor tenant, higher expenses

Malaysian banks’ earnings will stay “rangebound” in 2025 as the sector grapples with pressure on profitability and a rise in bad debts, according to S&P Global.

Net interest margins, which measures the difference between interest received on loans and returns paid on deposits, could decline by three-to-five basis points due to intense competition for both loans and deposits, the ratings agency said in a report released on Thursday.

Malaysian banks' has limited upside amid margin pressure, rising bad loans — S&P

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.67% to 1,600.68 on Nov 14, 2024

KUALA LUMPUR (Nov 14): The Selangor Malaysian Anti-Corruption Commission (MACC) has remanded another company director on suspicion of submitting documents with false details regarding the application of a foreign worker quota worth RM1.1 million for Human Resources Ministry’s approval.

Another firm director remanded over fake foreign-workers-quota documents — Selangor MACC

YTL Power International Bhd's (KL:YTLP) 53.2%-owned subsidiary Ranhill Utilities Bhd (KL:RANHILL) has scrapped plans to jointly pursue a public-private partnership project with China Energy International Group Co Ltd (CEIG) for the proposed development of a regional drinking water supply facility project in Indonesia. This follows the expiry of a memorandum of understanding (MOU) on Oct 29.

Ranhill Utilities, China Energy scrap plan to pursue water supply facility project in Indonesia

<p>The chief executive officer (CEO) of Encorp Berhad (KL:ENCORP), Hazurin Harun, 54, was charged in the Sessions Court on Thursday with two counts of criminal breach of trust (CBT) involving RM1.05 million last year.</p>


Encorp CEO slapped with CBT charges involving RM1.05m

<p>AS the sixth largest of Malaysia’s eight domestic banking groups in terms of assets, AMMB Holdings Bhd (AmBank Group) (KL:AMBANK) is considered a mid-sized lender.</p>

<p>Its relatively smaller size, and the fact that there is often talk that its key shareholder — founder Tan Sri Azman Hashim ...

Cover Story: Analysts not ruling out possibility of M&A at AmBank 

<p>KUALA LUMPUR (Nov 14): Shares of Johor Plantations Group Bhd (KL:JPG) rebounded on Thursday, as stronger-than-expected results lifted investors’ mood, while analysts anticipate further improvements with rising palm oil prices.</p>


Johor Plantations’ shares rebound, analysts scramble to raise estimates after strong 3Q

<p>KUALA LUMPUR (Nov 13): The government is allocating RM7.063 billion as a capital injection to finance the financial commitments of the companies of the Minister of Finance Incorporated (MOF Inc), said Finance Minister II Datuk Seri Amir Hamzah Azizan on Wednesday.</p>


Govt allocates RM7.06b capital injection to finance firms under MOF Inc

<p>LIMA, Peru (Nov 13): Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim on Wednesday stressed the importance of strengthening ties with the Global South, highlighting the vast untapped potential and emerging opportunities in this region.</p>

<p>“It’s crucial to shift course slightly and enhanc...

Anwar launches Yinson’s solar park in Peru, calls for robust collab to tap new Global South potentials

<p>In a landmark decision, the High Court on Thursday ruled that developers who deliver vacant possession of a property without allowing the owners to occupy it is against public policy and goes against the purpose of the vacant possession.</p>


Delivery of vacant possession without occupancy rights is against public policy, court rules

<p>The Thai baht is poised to become one of the most vulnerable emerging market Asian currencies as Donald Trump returns to the White House, given the country’s heavy reliance on trade.</p>


Thai baht most vulnerable in emerging Asia to Trump second term

<p>Shares of VSTECS Bhd (KL:VSTECS) rose on Thursday after the electronics products distributor reported a surge in quarterly net profit on the back of record-high revenue.</p>


VSTECS shares rally 13% after surge in profit, record revenue

<p>KUALA LUMPUR (Nov 14): The Ministry of Finance (MOF) said on Thursday sovereign wealth fund Khazanah Nasional Bhd will continue to fund start-ups despite&nbsp;losses from its investment&nbsp;in&nbsp;e-commerce platform FashionValet Sdn Bhd.&nbsp;</p>


MOF: Khazanah to continue investing in start-ups despite FashionValet misadventure

<p>MISC Bhd (KL:MISC) said on Thursday its net profit fell in the third quarter, dragged by lower charter rates for its natural gas carriers and higher vessel operating costs, as it flagged a tough outlook for its key business.</p>


MISC 3Q net profit falls 21%, flags tough LNG shipping outlook

<p>KUALA LUMPUR (Nov 14): Shares of Swift Haulage Bhd (KL:SWIFT) fell to their 13-month low on Thursday, after the logistics firm reported weaker-than-expected results.</p>


Swift Haulage shares fall to 13-month low after weaker than expected results

<p>Bumi Armada Bhd (KL:ARMADA) is exploring a merger with MISC Bhd’s (KL:MISC) offshore business that could create a global energy services powerhouse with combined assets worth over RM20 billion.</p>


<p>LIMA, Peru (Nov 13): Malaysia hopes to contribute to the infrastructure development in Chancay Port, located around 80km north of Peru’s capital&nbsp;Lima, Prime Minister&nbsp;Datuk Seri Anwar Ibrahim said on Wednesday.</p>


Anwar: Malaysia hopes to contribute to infrastructure development in Peru’s new Chancay Port 

<p>Ice cream brand Ben &amp; Jerry's said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees, and threatened to dismantle its board and sue its members over the issue.</p>


Ben & Jerry's says parent Unilever silenced it over Gaza stance

<p>Malaysian banks’ earnings will stay “rangebound” in 2025 as the sector grapples with pressure on profitability and a rise in bad debts, according to S&amp;P Global.</p>

<p>Net interest margins, which measures the difference between interest received on loans and returns paid on deposits, could decline by three-to-five basis points due to intense competition for both loans and deposits, the ratings agency said in a report released on Thursday.</p>


<p>Geely Automobile Holdings Ltd, the centrepiece of billionaire Li Shufu’s car empire, continued to increase revenue and profits in the third quarter as the automaker enjoys a boon from its electric vehicle and hybrids segment.</p>


Geely earnings surge as annual sales near 2 mil target

<p>New solicitors will represent Muhammed Yusoff Rawther in his sexual assault suit against Prime Minister Datuk Seri Anwar Ibrahim.</p>


New solicitors for Anwar's ex-aide Yusoff Rawther, who is suing PM for sexual assault

<p>Pan Malaysia Corp Bhd (KL:PMCORP) disclosed that its audited net loss for the year ended June 30, 2024 (FY2024) was larger than previously reported in the unaudited statement.</p>


Pan Malaysia Corp says FY2024 net loss larger than before audit following full control of A&W

<p>Asian currencies extended losses on Thursday, pressured by the greenback surging to a one-year high on momentum triggered by Donald Trump's election victory while emerging market stocks traded lower on an uncertain economic outlook.</p>


Currencies, stocks tumble as dollar surges on Trump trade momentum 

<p>The Malaysian Automotive Association (MAA) expects the country’s total car sales volume to potentially reach 800,000 units this year, driven by strong year-end promotions and robust demand for national car models.</p>
