<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 4): Ranhill Utilities Bhd has been awarded a contract for pipe works in Muar, Johor, worth RM7.54 million.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the bourse, the group said the job entails the supply and installation of 5.3 km of main rising pipe from the intersection of Jalan Selatan-Jalan Bakri to the reservoir area and other associated works.</p></div>

<div class=newsTextDataWrapInner><p>Ranhill said the contract was awarded to its wholly-owned subsidiary Ranhill Water Services Sdn Bhd by Sunan Jaya Sdn Bhd (SJSB).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract is part of the infrastructure works being implemented for the development of the Muar Timber Industrial Park. SJSB is the main contractor appointed by the Real Estate Division &amp; Infrastructure of Johor Corporation (JCorp).&nbsp; &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>“As such, the contract will be funded entirely by JCorp,” said the group.</p></div>

<div class=newsTextDataWrapInner><p>Ranhill said the contract is expected to be completed on Sept 30, or any extended period as approved by SJSB.</p></div>

<div class=newsTextDataWrapInner><p>The group expects the contract to contribute positively to its earnings for the financial year ending Dec 31, 2021.</p></div>

<div class=newsTextDataWrapInner><p>“The securing of this contract further solidifies Ranhill Water Services’ reputation throughout Malaysia as a leader in holistic water network management and specifically the non-revenue water reduction sector,” it added.</p></div>


Ranhill Utilities Bhd has been awarded a contract for pipe works in Muar, Johor, worth RM7.54 million.

In a filing with the bourse, the group said the job entails the supply and installation of 5.3 km of main rising pipe from the intersection of Jalan Selatan-Jalan Bakri to the reservoir area and other associated works

Ranhill Utilities bags pipe works contract in Muar

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<p>Telco firms may need to fork out RM394 million each to buy out UMobile Sdn Bhd and the Ministry of Finance's equity stakes in Digital Nasional Berhad (DNB) under the rollout of the second 5G network, according to CIMB Securities.</p>


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<p>(Jan 26): US&nbsp;search engine startup Perplexity AI has revised the merger proposal which it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok US, a person familiar with the proposal told<em> Reuters </em>on Sunday.</p>


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<p>The chief operating officer (COO) of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), Rostam Sharif Tami, has pleaded not guilty to a bribery charge involving RM70,000.</p>


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<p>US stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.</p>


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<p>The US and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.</p>


<p>Chinese artificial intelligence startup DeepSeek rocked global technology stocks Monday, casting doubt on the validity of the sky-high valuations for leading companies like Nvidia Corp.</p>


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<p>Oriental Kopi Holdings Bhd’s (KL:KOPI) share price closed at 87.5 sen, almost double its initial public offering price of 44 sen, on its maiden trading day last week, giving the café chain a staggering valuation of RM1.7 billion.</p>


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<p>There is no question about the need for the Employees Provident Fund (EPF) to maintain a Chinese wall, despite suggestions to the contrary.</p>

<p>The fund, which has more than RM1 trillion in its stable and is the biggest investor on Bursa Malaysia, receives proposals with market-sensitive in...

<p>Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement with Japan's Nippon Steel, the <i>Wall Street Journal</i> reported on Sunday, citing sources.</p>


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<p>Last month, eFishery, a darling of Indonesia’s start-up scene, was reported to have suspended its CEO Gibran Huzaifah and chief product officer Chrisna Aditya, pending an investigation into alleged financial irregularities in the company.</p>


<p>Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.</p>


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<p>China's manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for stimulus in the world's second-largest economy.</p>


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<p>The week ahead will be a quiet one in Asia, as many markets will be closed for the Lunar New Year, which begins on Wednesday (Jan 29). In Malaysia, no key economic data or market events are expected.</p>
