<div class=newsTextDataWrapInner>KUALA LUMPUR (July 7): Construction engineering company Siab Holdings Bhd has bagged an RM89.57 million contract to build a two-storey warehouse with office space in Klang, Selangor.</div>

<div class=newsTextDataWrapInner>Construction of the proposed industrial development, which it secured from SDN Assets I Sdn Bhd, also includes one substation, one guardhouse, one tank house and pump, mechanical and electrical area, as well as common facilities. The project was secured via its wholly owned Siab (M) Sdn Bhd.</div>

<div class=newsTextDataWrapInner>The job is expected to be completed in 12 months.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Shares in ACE Market-listed Siab closed half a sen or 3.33% higher at 15.5 sen on Thursday, giving the company a market capitalisation of RM73.79 million.</div>

Construction engineering company Siab Holdings Bhd has bagged an RM89.57 million contract to build a two-storey warehouse with office space in Klang, Selangor.

Siab bags RM89.57 mil construction job in Klang

Indonesia’s largest party has officially expelled former president Joko Widodo after he spurned the party’s own candidate in February elections and backed Prabowo Subianto’s successful campaign to become leader of Southeast Asia’s biggest economy.

Indonesia’s largest party expels Jokowi after he backed Prabowo

TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market of Bursa Malaysia on Monday, as it raised close to RM18 million from its initial public offering (IPO).

TopVision closes at 3% premium on ACE Market debut

DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

DRB-Hicom, Geely ink MOUs with Mida, MARii to spearhead next-gen vehicle production in Tanjung Malim

KUALA LUMPUR (Dec 16): Pengerang Energy Complex Sdn Bhd (PEC) has negotiated financing terms for US$3.5 billion (RM15.58 billion) in project financing from export credit agencies (ECAs) across North America, western and southern Europe, as well as Asia; and Islamic financing from Islamic Development Bank entities.

Pengerang Energy Complex secures US$3.5b project financing from global export credit agencies

A total of 242 beverage products have been reformulated to contain less sugar for the Malaysian market under the Healthier Choice Logo (HCL) initiative, following the introduction of the sugar tax on sugary drinks.

242 drinks reformulated to reduce sugar under Healthier Choice Logo initiative

Allianz SE withdrew an offer to buy a majority stake in Singapore’s Income Insurance Ltd for about S$2.2 billion (US$1.6 billion or RM7.56 billion), dealing a blow to its ambitions in a key growth market.

Allianz pulls out of US$1.7 bil bid to buy stake in Singapore insurer

Marine & General Bhd's (KL:M&G) net profit rose 46.7% to RM12.1 million in the second quarter ended Oct 31, 2024 (2QFY2025), from RM8.22 million a year ago, as higher charter rates lifted its revenue.

Marine & General's 2Q profit up 46% as higher charter rates offset weaker utilisation

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

FBM KLCI down 0.12% to 1,606.85 on Dec 16, 2024

George Kent (Malaysia) Bhd (KL:GKENT) has secured a RM45.5 million contract from Kwasa Land Sdn Bhd for the Kwasa Damansara township development in Sungai Buloh, Selangor.

George Kent clinches RM46m infrastructure project in Kwasa Damansara

(Dec 16): Investors anticipating another calm year in 2025 should be on guard for more shocks like the one seen in August, as uncertainty around Donald Trump’s tax and tariff policies threaten to roil markets.

Wall Street eyes 2025 volatility spikes on Trump tariffs, geopolitics

KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.

TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.

MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market of Bursa Malaysia on Monday, as it raised close to RM18 million from its initial public offering (IPO).

KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.

Supermax climbs to three-year high on active trade 

Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.

Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.

Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data.

Markets wary of Fed rate plans, China retail disappoints

KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;

High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;

IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;

HSBC sued by Australian regulator for scam loss failures

The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.

IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.

Grab stock’s big quarter has some analysts seeing further gains

China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.

China's weak consumption drags on economy as Trump tariff threat looms

TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.

Bitcoin surges above US$106,000 on strategic reserve hopes

KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;

Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

TRX City Sdn Bhd, master developer of the 70-acre Tun Razak Exchange (TRX), is going to build another office tower, which is expected to have a net lettable area (NLA) of 800,000 sq ft. The new building will be on Lot C7-10, which is adjacent to HSBC Malaysia’s headquarters, Menara IQ.

...

TRX City to build another office block, secures PwC as anchor tenant

Offshore marine service provider Perdana Petroleum Bhd (KL:PERDANA) has secured a charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV.

Perdana Petroleum secures anchor handling tug and supply vessel charter contract

Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.

Advancecon clinches RM45 mil infra works job from Sime Darby Property 

KUALA LUMPUR (Dec 16): Malaysian autos firm Proton launched its first electric vehicle on Monday, the latest entry into the local market as the country seeks to boost EV and hybrid EV use and gain a foothold in the global supply chain.

Proton is majority-owned by Malaysian conglomerate ...

Proton launches its first electric vehicle

The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.