<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 16, 2017.<br />
<br />
&nbsp;</div>

<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Scomi Group Bhd is teaming up with solar power firm Synergy Generated Sdn Bhd to bid for engineering, procurement and construction (EPC) contracts in the renewable energy sector, particularly for solar photovoltaic farms.</p></div>

<div class=newsTextDataWrapInner><p>Scomi said the two groups will set up a joint venture (JV) company in which it will have a 51% interest and Synergy Generated the remaining 49%.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Besides EPC solutions, the JV company will also offer operation and maintenance services for solar projects,” Scomi said in a statement yesterday.</p></div>

<div class=newsTextDataWrapInner><p>Scomi is a technology enterprise mainly in the energy and transport sectors. Through its subsidiary and associate companies, it is involved in drilling, development and production services for the oil and gas industry, marine services as well as the design and manufacture of rail and commercial vehicle systems.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, Synergy Generated offers cost-effective and innovative solutions in the field of large scale solar photovoltaic power generation. It is the lead developer, owner and operator of a solar power plant in Setiu, Terengganu. The plant was built in a record time of nine months and was fully operational in November 2014.</p></div>


This article first appeared in The Edge Financial Daily, on March 16, 2017.

 

KUALA LUMPUR: Scomi Group Bhd is teaming up with solar power firm Synergy Generated Sdn Bhd to bid for engineering, procurement and construction (EPC) contracts in the renewabl...

Scomi teams up with solar firm to bid for contracts

Thailand transferred about 30 billion baht (US$890 million or RM3.9 million) to its senior citizens on Monday, part of a government programme to tackle the high cost of living and stimulate the nations’ sluggish economy.

Thailand hands out US$890m to elderly in boost for economy

KUALA LUMPUR (Jan 27): Bursa Malaysia Bhd (KL:BURSA) announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective March 1, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019.

Bursa names RHB wholesale banking MD Fad’l Mohamed as new CEO as Umar Swift retires

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.

US, Colombia reach deal on deportations; tariffs, sanctions put on hold

Four weeks before Germany’s snap election, the political temperature is rising as the campaign shifts onto the contentious terrain of migration and Elon Musk steps up his support for the far-right AfD party.

German election taboos broken as Merz and Musk flirt with AfD

Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.

Genting Plantations to get earnings boost from RM334m Melaka land sale — Kenanga 

The United Trinity no more. With the passing of Denis Law on Jan 17, and earlier on Sir Bobby Charlton (Oct 21, 2023) and George Best (Nov 25, 2005), this trio of Scottish, Irish and English players will be forever remembered as Manchester United’s greatest attacking prowess, three European Footb...

My Say: Denis Law’s throne will always remain at Manchester United Football Club

Prime Minister Datuk Seri Anwar Ibrahim recently said national oil company Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) had sorted out issues relating to gas distribution rights in Sarawak.

Frankly Speaking: Details on Petronas-Petros gas settlement should be disclosed

KUALA LUMPUR (Jan 27): The Securities Commission Malaysia (SC) has on Monday launched Sarana, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the government e-procurement system.

SC launches alternative financial scheme for MSMEs

President Donald Trump, fresh off a slew of executive orders made at the point of a Sharpie, turns this week to wooing, cajoling and strong-arming members of the legislative branch to get behind his agenda and cabinet picks.

Trump’s second week in office tests his influence over Congress

The speed limit on federal roads nationwide will be reduced from 90 kilometres per hour (kph) to 80 km/h from Tuesday until Feb 2 in conjunction with the Chinese New Year celebration.

Speed limit on federal roads cut by 10kph during CNY period, says minister 

<p>SHAH ALAM (Jan 27): Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd and its director Tan Sri Tee Hock Seng has been slapped with a RM28.1 million lawsuit by Wisma Majujaya Sdn Bhd for not abiding with a joint venture agreement (JVA) to develop a project in Johor Bahru, called “Puri Residence”.</p>


Bina Puri, its director Tee Hock Seng face RM28.1m suit for purportedly failing to pay-up full sum in JVA

<p>KUALA LUMPUR (Jan 27): Selling pressure on YTL Corporation Bhd (KL:YTL) and its subsidiary YTL Power International Bhd (KL:YTLPOWR) persists, pulling the two stocks to two-month lows.</p>


Selling persists, YTL Corp and unit YTL Power down over 5%

<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>


CIMB Securities sees telcos shelling out nearly RM400m each to buy out UMobile's stake in DNB

<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>


Prolintas COO faces trial over RM70,000 bribery charge

<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>


Perplexity AI proposes to merge with Tiktok, with US government getting half — Reuters

<p>KUALA LUMPUR (Jan 27): Bursa Malaysia Bhd (KL:BURSA) announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective March 1, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019.</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>


DeepSeek shakes up stocks as traders fear for US tech leadership 

<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>


Asian equities slide with US stock futures on China's AI push; dollar firms 

<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>Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses.</p>


Hong Kong’s property distress is catching up with city’s banks

<p>(Jan 27): Investors are heading into yet another pivotal Big Tech earnings cycle with the companies’ shares near record highs and valuations stretched. A key distinction this time: The group’s profit growth is projected to come in at the slowest pace in almost two years.</p>


Tech’s US$15 tril rally hinges on high-stakes earnings stretch

<p>SUBANG (Jan 27): Indonesian President Prabowo Subianto has arrived in Malaysia on Monday, to undertake a state visit to the country, at the invitation of His Majesty Sultan Ibrahim,&nbsp;King of Malaysia.</p>


Indonesian President Prabowo arrives in Malaysia

<p>KUALA LUMPUR (Jan 26): Prime Minister Datuk Seri Anwar Ibrahim has urged paddy&nbsp;farmers to ensure their planned gathering in Putrajaya on Monday (Jan 27) does not disrupt the state visit of Indonesian President Prabowo Subianto.</p>


Anwar urges farmers’ gathering not to disrupt Indonesian president’s visit

<p>(Jan 27):&nbsp;The dollar started the week with modest gains, after President Donald Trump ordered tariffs on Colombia for refusing to allow deported migrants land in the country.</p>


Dollar starts week on front foot after Trump’s Colombia tariffs

<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>


Frankly Speaking: KWAP’s investment in eFishery in the spotlight

<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...

Alternative Views: Why EPF needs to maintain a Chinese wall

<p>Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.</p>


<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>


China’s January manufacturing activity unexpectedly contracts, hits five-month low 

<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>


Frankly Speaking: Going gaga over Kopi

<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>
