<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

The government has acquired 10 new train sets for the Electric Train Service (ETS), which is expected to be operational from the first quarter of next year, said Deputy Transport Minister Datuk Hasbi Habibollah.

Ten new ETS trains to be operational by 1Q 2025, 50 more on the way, Senate told

Bank Indonesia Governor Perry Warjiyo vowed to cooperate with a corruption probe of the central bank, which was raided earlier this week by the country’s anti-graft agency.

Indonesia's central bank cooperates with graft probe of CSR funds

NEWS: Matrix Concepts breaks ground for MVV City Phase 1

The death toll from Cyclone Chido's rampage through the French overseas territory of Mayotte remained unclear on Wednesday, with shantytowns that were home to undocumented migrants flattened and many areas still inaccessible.

Local officials and health workers have said hundreds or even thousands could be dead from the worst storm to hit the Indian Ocean archipelago in 90 years. But only 22 fatalities recorded in hospital have been confirmed so far.

French Mayotte cyclone's toll still unclear as authorities ramp up response

KUALA LUMPUR (Dec 18): The Royal Malaysia Police revealed that losses suffered by online fraud victims aged 50 and above is the highest compared to other age groups.

Victims aged 50 and above suffer highest losses in online fraud cases — police

Malaysia on Wednesday presented a donation of US$5 million (RM22.29 million) to the people of Palestine through the initiative of the Jordanian government to alleviate the suffering and the worsening humanitarian crisis in Gaza.

Malaysia donates US$5 mil to Palestinians

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

FBM KLCI up 0.14% to 1,599.58 on Dec 18, 2024

BANGKOK (Dec 18): Thai police have arrested a Malaysian man and his Thai wife in Nonthaburi near Bangkok on Tuesday on the suspicion of operating a money-laundering network linked to illegal gambling websites.

The suspects were apprehended during a raid at their residence in Nonthaburi....

Malaysian man, Thai wife nabbed in Nonthaburi over money-laundering network

Indonesia's central bank held its main interest rates steady on Wednesday, as expected by a narrow majority of analysts, to support the sliding rupiah, which hit a four-month low earlier in the day.

Indonesian central bank holds rates steady, rupiah hits fresh four-month low

The new criteria for the exemption of financial statement audits for private companies will take effect on Jan 1, 2025.

New audit exemption criteria for private companies kicks in January 1 — SSM 

<p>The proposed abolition of the Rule of 78 by Bank Negara Malaysia could “pave the way” for similar reforms in other financing products, including hire purchases, having a larger impact on the banking sector, according to Phillip Capital.</p>


Bank Negara's plan to abolish Rule of 78 may lead to wider financial reforms, says Phillip Capital

<p>Nissan Motor Co has become the latest buyout target in Japan, as it explores a merger with Honda Motor Co and faces an overture from Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn.</p>


Honda exploring Nissan merger, with Foxconn also in hunt for stake

<p>Fashion firm Carlo Rino Group Bhd (KL:CARLORINO) made a weak debut on the ACE Market of Bursa Malaysia, after it raised some RM46 million from its initial public offering (IPO).</p>


Carlo Rino stages weak debut in ACE Market transfer listing

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): Supermax Corp Bhd (KL:SUPERMX) is planning a bonus share issue on the basis of one share for every five existing shares held, along with the issuance of bonus warrants on the basis of one free warrant for every 20 existing shares held, to reward shareholders.</p>


Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants

<p>KUALA LUMPUR (Dec 18): Jati Tinggi Group Bhd (KL: JTGROUP) shares gained in active trade on Wednesday, a day after it said it won contract to supply and install photovoltaic solar panel systems at Public Bank Bhd’s (KL:PBBANK) branches for some RM14.88 million.</p>


Jati Tinggi’s shares gain in active trade early Wednesday on Public Bank contract

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>UEM Sunrise Bhd (KL:UEMS) and ITRAMAS Corp Sdn Bhd have signed a memorandum of understanding (MOU) with China-based battery energy storage solutions (BESS) and power battery technology manufacturer Gotion High-Tech Co Ltd to develop a research and development (R&amp;D) centre at UEM Sunrise’s Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.</p>


UEM Sunrise, ITRAMAS sign MOU with China-based Gotion High-Tech to develop R&D centre in Johor

<p>(Dec 18):&nbsp;Only a year after having their size clipped in the Nasdaq 100 because they got too big, the world’s largest technology companies may face another pruning when the marquee benchmark rebalances this week.</p>


Megacap tech stocks have gotten too big for Nasdaq 100 again

<p>Asian stocks hovered near two-week lows and the dollar hit milestone highs against the Australian and New Zealand dollars on Wednesday in the countdown to an expected US interest rate cut.</p>


Dollar strong ahead of Fed meeting, Japan auto shares surge on Honda-Nissan news

<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


Trump is ready ‘within seconds’ to issue orders spurring drilling

<p>MIDF expects better overall growth for the tech sector in 2026 due to rising demand for artificial intelligence (AI) computing and strong investments from China.</p>


MIDF: Tech sector to rebound, post stronger growth in 2026

<p>KUALA LUMPUR (Dec 18): Nissan Motor Co and &nbsp;Honda Motor Co are exploring various possibilities for future collaboration, according to Nissan, amid news of a possible merger with Honda.</p>


Nissan confirms it is exploring collaborations with Honda

<p>KUCHING (Dec 17): The Bintulu Development Authority (BDA) has acquired a 10% stake in Pertama Ferroalloys Sdn Bhd through a share transfer memorandum of understanding (MOU), which is a milestone move for economic growth, community development, and sustainable initiatives in Sarawak.</p>


Bintulu Development Authority acquires 10% stake in Pertama Ferroalloys

<p>(Dec 18) :&nbsp;US stocks declined as traders braced for the Federal Reserve’s widely anticipated rate decision and its forecast for next year.</p>


Stocks drop before Fed’s last decision of the year

<p>Pestech International Bhd (KL:PESTECH), which is now a subsidiary of Dhaya Maju Infrastructure (Asia) Sdn Bhd, announced a slew of boardroom changes on Thursday, which saw the appointments of Dhaya Maju's co-founder and its group chief executive officer to its board, with immediate effect.</p>


Dhaya Maju founder, CEO join Pestech's board, along with former chief secretary to govt Mohd Zuki

<p>KUALA LUMPUR (Dec 18): Malaysia’s total trade in November 2024 increased 2.9% to RM237.8 billion versus RM231.1 billion a year ago, driven by growth in exports and imports, said Statistics&nbsp;Department Malaysia (DOSM).</p>


Malaysia’s total trade up 2.9% to RM237.8b in November 2024 — DOSM

<p>ACE Market-bound Northern Solar Holdings Bhd plans to expand its coverage across Malaysia, targeting key regions especially in Johor and Penang, among others, on top of its existing market in the Klang Valley and Selangor areas, according to managing director Lew Shoong Kai.&nbsp;</p>
