<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 3): PMB Technology Bhd announced that its subsidiary, PMB Silicon Sdn Bhd, has today executed a Power Purchase Agreement (PPA) for the supply of electricity at its metallic silicon facility in Sarawak.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the stock exchange, the aluminium product manufacturer said Sarawak Energy Bhd's wholly-owned Syarikat Sesco Bhd will be supplying 52mW for its silicon facility located in Samalaju Industrial Park under the PPA, which is expected to commence operations by the last quarter of 2018.</p></div>

<div class=newsTextDataWrapInner><p>The facility has an annual production capacity of 36,000 metric tonnes.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It did not elaborate, saying only that the PPA is commercially confidential in nature.</p></div>

<div class=newsTextDataWrapInner><p>A connection agreement will subsequently be entered into, to include technical operational provisions, the filing added.</p></div>

<div class=newsTextDataWrapInner><p>PMB Technology closed 23 sen or 5.49% higher today at RM4.42, for a market capitalisation of RM342.46 million.</p></div>


KUALA LUMPUR (Nov 3): PMB Technology Bhd announced that its subsidiary, PMB Silicon Sdn Bhd, has today executed a Power Purchase Agreement (PPA) for the supply of electricity at its metallic silicon facility in Sarawak.

In a filing with the stock exchange, the aluminium product manufact...

PMB Tech executes PPA for its Samalaju facility

Retail technology solution provider Radiant Globaltech Bhd (KL:RGTECH) has bagged a RM25 million contract from a utility company for the implementation of a hardware technical refresh project.

Radiant Globaltech secures RM25 mil contract for hardware technical refresh project

China’s 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness.

The country’s US$9.7 trillion (RM41.74 trillion) stock market experienced a rapid boom and bust starting late September, when central bank stimulus pushed the benchmark CSI 300 Index 25% higher in five days of trading.

China’s wild stock market swings hurt a US$21 tril bull case

Airbus announced plans on Wednesday to cut up to 2,500 jobs in its Defence and Space division, citing a "complex business environment" especially in loss-making satellites.

Airbus to cut up to 2,500 jobs in defence and space

Morgan Stanley's third-quarter profit surged 32%, fuelled by a rebound in dealmaking that had also buoyed its rivals, sending its shares up 3% before the market open.

Morgan Stanley's profit jumps 32% on bumper dealmaking

Intel products sold in China should be subject to a security review, the Cybersecurity Association of China (CSAC) said on Wednesday, alleging the US chipmaker has "constantly harmed" the country's national security and interests.

Chinese cyber association calls for review of Intel products sold in China

Econpile Holdings Bhd (KL:ECONBHD) said it has been awarded a RM35.11 million contract to undertake bored piling, earthworks, and retaining wall and sub-structure works for an apartment project in Kuala Lumpur.

Econpile secures RM35m piling contract for KL apartment project

The government should consider increasing the allocation to improve drainage systems in the city under Budget 2025 to be tabled on Friday (Oct 18), says Alliance for a Safe Community chairman Tan Sri Lee Lam Thye.

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Malaysia and the Philippines are committed to ongoing negotiations regarding the South China Sea, aimed at establishing a "code of conduct" (COC) through constructive dialogue and consultations, in accordance with international law, including the United Nations Convention on the Law of the Sea (Unclos).

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The Sabah government on Wednesday agreed to implement a two-phase salary adjustment for 21,228 civil servants in the state, in line with the impending implementation of the Public Service Remuneration System (SSPA).

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SINGAPORE (Oct 16): The Asean Regional Computer Emergency Response Team (CERT) physical facility was launched here on Wednesday, and will significantly enhance information sharing among Asean member states (AMS) regarding cyber threats and attacks, as well as online scams.

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<p>A legal complaint by Genting Malaysia Bhd’s (KL:GENM) joint-venture partner filed in Florida could affect its bid for a casino licence in New York, CGS International warned in a note.</p>


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<p>Shares of Malayan Flour Mills Bhd (KL:MFLOUR) fell to their lowest in more than five months on Wednesday, following an announcement that the company would not be getting a second earnout payment from a stake sale.</p>


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<p>KUALA LUMPUR (Oct 16): Despite strong gains this year, construction stocks are “not yet ripe for profit-taking” as continuous project flow is expected through 1H2025, on the back of infrastructure and industrial developments, said RHB Investment Bank Research (RHB IB).</p>


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<p>LBS Bina Group Bhd (KL:LBS) officially launched its latest 315-acre township development named Rimbawan in Genting Highlands, Pahang on Tuesday (Oct 15). The township has a gross development value (GDV) of RM9.5 billion.</p>


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<p>(Oct 16): Banks and asset managers are continuing to channel tens of billions of dollars into companies whose operations directly threaten the future of tropical rainforests, including the Amazon, according to a new study.</p>


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<p>RHB Bank Bhd (KL:RHBBANK) could see stronger results in the upcoming quarter, as margins widen amid strong loan growth, said Hong Leong Investment Bank in raising its profit forecasts.</p>

<p>The net interest margin — the difference between interests charged on loans and returns paid to depositors — may continue to “hold up well”, the research house said in a note. Loan growth is still robust at the guided 6.5%-7.0% for 2024 despite recent currency swings, it added.</p>


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<p>A syndicate involved in bringing in foreigners&nbsp;using a 'counter-setting' method, allegedly orchestrated by enforcement agency personnel at the country's air entry points, is among the topics to be discussed in the Dewan Rakyat&nbsp;on Wednesday.</p>


Syndicate bringing in foreigners among issues in Parliament for the day

<p>Former prime minister Tun Dr Mahathir Mohamad has been hospitalised at the National Heart Institute (IJN), resulting in the postponement of&nbsp;his defamation suit against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.</p>

<p>Lawyer Mior Nor Haidir Suhaimi, representing Mahathir, informed the court on Wednesday that the two-time PM was rushed to the IJN on Tuesday&nbsp;evening due to a lung infection.&nbsp;</p>


Tun M hospitalised, suit against Zahid over ancestry comments postponed

<p>Flights operated under Malaysia Airlines experienced fewer delays in September on a month-on-month basis, but still fell short of the sector target set by the Ministry of Transport (MOT) and Malaysian Aviation Commission (Mavcom) earlier this year.&nbsp;</p>


Malaysia Airlines improved on-time performance in September, but missed sector target — Loke

<p>Crescendo Corporation Bhd (KL:CRESNDO) said on Wednesday that it is buying SGR Land Development Sdn Bhd and taking on its six land purchase obligations in Johor for RM168.85 million.</p>


Crescendo to buy SGR Land, assume Johor land purchase agreements in RM169m deal

<p>LVMH shares plunged after sales of fashion and leather goods fell for the first time since the Covid-19 pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.&nbsp;</p>

<p>Organic revenue at the key unit whose brands include Louis Vuitton and Christian Dior declined 5% in the third quarter. That was the worst performance since the second quarter of 2020, when the world went into lockdown.&nbsp;</p>


LVMH plunges as China's luxury spending slowdown worsens

<p>KUALA LUMPUR (Oct 16): The government is in the process of finalising the procurement of an advanced passenger screening system (APSS), as part of its efforts to combat syndicates that allegedly bring in foreign workers illegally.</p>


Govt to procure screening system to tackle syndicates smuggling in foreign workers — home minister

<p>Investors in chip stocks are facing a fresh gut check after a tepid outlook from key equipment supplier ASML Holding NV sparked a global rout in the sector.</p>


Global chip stocks shed US$420b after ASML warning

<p>KUALA LUMPUR (Oct 16): The Malaysia External Trade Development Corporation (Matrade) has appointed Nooryana Najwa Najib, daughter of former prime minister Datuk Seri Najib Razak, as its new member of the board of directors (BOD). &nbsp;</p>


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<p>KUALA LUMPUR (Oct 16): AirAsia X Bhd’s (KL:AAX) shareholders and proxies have voted 99.08% in favour of the proposed RM6.8 billion acquisition of AirAsia’s aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — from its sister company Capital A Bhd (KL:CAPITALA).</p>


AAX shareholders approve RM6.8b aviation assets buy from Capital A

<p>In response to market speculation about inheritance tax reintroduction in Budget 2025, the Real Estate and Housing Developers’ Association (Rehda) Malaysia said the approach would hinder Malaysians from purchasing homes as an investment tool.</p>


Inheritance tax will discourage Malaysians from investing in homes, says Rehda Malaysia

<p>Three of Southeast Asia’s biggest economies will unveil monetary policy decisions from 3pm Malaysian time on Wednesday, influenced by everything from politics, inflation and currency volatility to geopolitical risks.</p>


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<p>Chinese companies should consider Malaysia an ideal destination to set up regional headquarters, from which they can expand internationally through Malaysia, said Deputy Investment, Trade and Industry Minister&nbsp;Liew Chin Tong.</p>

<p>In his pre-recorded keynote address at the&nbsp;CGS Southeast Asia (SEA) Bilateral Investment Forum here on Wednesday, he said Malaysia’s strength lies in having a skilled and educated multilingual workforce, an internationally-recognised common law framework, a comprehensive logistics network, and a stable society.</p>


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<p>KUALA LUMPUR (Oct 16): With Chief Judge of Sabah and Sarawak (CJSS) Tan Sri Abdul Rahman Sebli reaching the age of 66 in three months’ time, there is a possibility of two top judicial posts in the country being left vacant and yet to be filled by early next year.</p>


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<p>Pekat Group Bhd (KL: PEKAT) is well-positioned to capitalise on substantial growth opportunities driven by Malaysia’s rising demand in the renewable energy sector, Tenaga Nasional Bhd’s (KL: TENAGA) infrastructure upgrade and from the surge in data centres investment, said Phillip Capital.</p>
