<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 1): Shares in Press Metal Aluminium Holdings Bhd rose 5.05% this morning after it entered into a power purchase agreement (PPA) with Syarikat SESCO Bhd — a unit of Sarawak Energy Bhd — to secure more power for capacity expansion in Sarawak.</p></div>

<div class=newsTextDataWrapInner><p>At 9.05am, Press Metal rose 23 sen to RM4.78 for a market capitalisation of RM19.28 billion.</p></div>

<div class=newsTextDataWrapInner><p>The PPA, signed today, provides long-term access of up to approximately 500MW of electricity for 15 years. Under the agreement, a first drawdown of 300MW will commence by October 2020 and the balance 200MW will be made available on a reasonable endeavour basis by SESCO.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The additional power allocation will enable Press Metal to build a third aluminium smelter in Samalaju Industrial Park, Sarawak, which will potentially increase its total smelting capacity up to 1.08 million tonnes per annum upon full power drawdown, from the current 760,000 tonnes per annum.</p></div>


KUALA LUMPUR (Aug 1): Shares in Press Metal Aluminium Holdings Bhd rose 5.05% this morning after it entered into a power purchase agreement (PPA) with Syarikat SESCO Bhd — a unit of Sarawak Energy Bhd — to secure more power for capacity expansion in Sarawak.

At 9.05am, Press Metal rose ...

Press Metal up 5.05% on signing PPA to secure more power for Sarawak project

The number of flood victims in eight affected states has continued to rise, while the situation in Perak remained unchanged. As of 8 pm Friday, the total number of evacuees taking shelter in temporary relief centres (PPS) stood at 106,505.

Flood evacuees total over 100,000 as Kelantan records highest number of victims

An investment vehicle linked to Berjaya Group’s Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder in Berjaya Food Bhd (KL:BJFOOD) with a 8.09% stake.

Vincent Tan-linked vehicle emerges as substantial shareholder in Berjaya Food with 8.09% stake

Wall Street's main indexes opened slightly higher in a shortened Black Friday trading session, on track for monthly gains as the holiday shopping season kickoff brought retail stocks into focus.

Wall Street inches up; Black Friday sales, retailers in focus

KUALA LUMPUR (Nov 29):  Here is a brief recap of some corporate announcements that made news on Friday.

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, ...

Public Bank, RHB Bank, Padini, QL Resources, LBS Bina, IGB, AAX, Panasonic, Velesto Energy, Sapura Energy, Phamarniaga and Hextar Industries

The finance chief of India's Adani Group on Friday rejected US allegations that executives, including Chairman Gautam Adani, were part of a US$265 million (RM1.2 billion) bribery scheme, while the Indian government said it has not received any US request on the case.

Adani Group CFO rejects bribery allegations, India says no US request yet on case

Sarawak needs a high-quality workforce to support its mission to become Malaysia’s hub for the aerospace industry.

Abang Jo: Sarawak needs quality workforce to support aerospace industry

EG Industries Bhd (KL:EG) on Friday posted an over threefold jump in its July-September quarter net profit from the same period a year ago, driven by higher sales and better margins — particularly from 5G wireless access and photonic-related products.

EG Industries upbeat on prospects as it kicks off FY2025 with record profit 

Syarikat Air Darul Aman Sdn Bhd (SADA) has temporarily ceased operations at seven of its water treatment plants (WTPs) after the water levels at their intake points reached a critical stage.

Seven water treatment plants in Kedah forced to cease operations

Quality Care India Ltd, the Indian hospital chain backed by Blackstone Inc, agreed to combine with Aster DM Healthcare Ltd in an all-stock deal that will create one of India’s largest hospital chains.

Blackstone deepens India push with US$5 bil hospital deal

European and American carmakers are set to lose up to 17% of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades.

Trump's tariffs could cost carmakers up to 17% of combined core profits, S&P says

<p>KUALA LUMPUR (Nov 29): &nbsp;Here is a brief recap of some corporate announcements that made news on Friday.</p>

<p><strong>Public Bank Bhd </strong>(KL:PBBANK), Malaysia’s third-largest bank by assets, posted a 12% increase in net profit to RM1.91 billion for the third quarter ended Sept 30, ...

<p>Lotte Chemical Titan Holding Bhd (KL:LCTITAN) has appointed a new president and chief executive officer as part of changes in board representatives of its South Korean parent company.</p>


Lotte Chemical Titan appoints new CEO, executive director

<p>The number of flood victims in eight affected states has continued to rise, while the situation in Perak remained unchanged. As of 8 pm Friday, the total number of evacuees taking shelter in temporary relief centres (PPS) stood at 106,505.</p>


<p>An investment vehicle linked to Berjaya Group’s Tan Sri Vincent Tan Chee Yioun has emerged as a substantial shareholder in Berjaya Food Bhd (KL:BJFOOD) with a 8.09% stake.</p>


<p>Bursa Malaysia has approved Practice Note 17 (PN17) company Pharmaniaga Bhd’s (KL:PHARMA) regularisation plan, which was revised to adjust its capital reduction and exclude warrants from its rights issue, exactly a year after the initial iteration was announced.</p>


A year on, Pharmaniaga finally gets Bursa nod on regularisation plan

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<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>US trade officials are expected to announce on Friday a new round of tariffs on solar panel imports from four Southeast Asian nations after American manufacturers complained that companies there are flooding the market with unfairly cheap goods.</p>


US to decide on another round of solar panel tariffs

<p>South Malaysia Industries Bhd (KL:SMI) announced on Friday that no extraordinary general meeting will be held on Jan 9, 2025, and slammed an advertisement placed in an English daily by the representative of its major shareholder as "misleading the public and shareholders".</p>


SMI slams EGM advert as ‘misleading’, seeks SC clarification over director appointments

<p>Nextgreen Global Bhd (KL:NGGB) saw a more than fourfold increase in its net profit for the third quarter ended Sept 30, 2024 (3QFY2024), driven by strong performance in its manufacturing segment.</p>


Nextgreen Global's 3Q net profit quadruples on strong manufacturing performance

<p>A nationwide strike in Italy on Friday disrupted air traffic, public transport, schools and hospitals, in a protest by two of the country's largest unions against Prime Minister Giorgia Meloni's government budget plans.</p>


Italy's unions vow to turn country 'upside down' after national strike

<p>EG Industries Bhd (KL:EG) on Friday posted an over threefold jump in its July-September quarter net profit from the same period a year ago, driven by higher sales and better margins — particularly from 5G wireless access and photonic-related products.</p>


<p>European and American carmakers are set to lose up to 17% of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&amp;P Global said in a report on Friday, warning of potential credit downgrades.</p>


<p>Kenanga Investment Bank Bhd (KL:KENANGA) posted a 38.1% fall in its third quarter net profit to RM14.61 million, from RM23.61 million a year earlier, as most of its business segments saw a weaker performance. &nbsp;</p>


Kenanga IB's 3Q net profit falls 38% on weaker segmental performance, higher operating expenses

<p>Syarikat Air Darul Aman Sdn Bhd (SADA) has temporarily ceased operations at seven of its water treatment plants (WTPs) after the water levels at their intake points reached a critical stage.</p>


<p>Palm oil producer Kretam Holdings Bhd (KL:KRETAM) said on Friday its net profit surged in the third quarter from a year earlier as accounting gains more than offset a drop in revenue from lower output and sales.</p>


Kretam 3Q net profit surges 91% as accounting gains more than offset revenue drop

<p>Sarawak needs a high-quality workforce to support its mission to become Malaysia’s hub for the aerospace industry.</p>


<p>Wall Street's main indexes opened slightly higher in a shortened Black Friday trading session, on track for monthly gains as the holiday shopping season kickoff brought retail stocks into focus.</p>


<p>Selangor Agricultural Development Corporation’s (PKPS) Ehsan Rose Onion Crop project has managed to produce 28 tonnes of the small red onion in the first phase of its harvest involving 3.2 hectares (ha) of land.</p>


First phase of PKPS Ehsan Rose Onion project yields 28 tonnes

<p>Saudi Arabia’s sovereign wealth fund is preparing to cut budgets for some local projects for a second year even as it increases overall spending, reflecting the kingdom’s shifting priorities in a trillion-dollar plan to overhaul the economy.</p>


Saudi wealth fund’s shifting focus hits budgets for some projects

<p>Quality Care India Ltd, the Indian hospital chain backed by Blackstone Inc, agreed to combine with Aster DM Healthcare Ltd in an all-stock deal that will create one of India’s largest hospital chains.</p>
