<div class=newsTextDataWrapInner><p>KUALA LUMPUR: Sunway Bhd’s subsidiary Sunway Construction Sdn Bhd (SunCon) has bagged a construction contract worth RM243.69 million to construct a commercial building in Bandar Sunway.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, Sunway (fundamental: 1.5; valuation: 2.4) said SunCon accepted the Letter of Award from SA Architects Sdn Bhd for the proposed development.</p></div>

<div class=newsTextDataWrapInner><p>The development comprises a three-storey car park, a three-storey retail space for 46 shop units, a four-storey office space of 228 units, another four-storey retail space, a block of 27-storey serviced apartment comprising 318 units and five levels of a podium car park.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>SunCon is a subsidiary of Sunway Construction Group Bhd, which in turn is a subsidiary of Sunway.</p></div>

<div class=newsTextDataWrapInner><p>Sunway said the project will be divided into two zones.</p></div>

<div class=newsTextDataWrapInner><p>“It shall commence on June 25, 2015 with completion date for Zone 1 and Zone 2 due on Feb 28, 2017 and March 31, 2018 respectively.</p></div>

<div class=newsTextDataWrapInner><p>“The project is expected to contribute positively to the earnings of Sunway from financial year ending Dec 31, 2015,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Sunway inched up five sen or 1.44% to close at RM3.52 for a market capitalisation of RM6.08 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>This article first appeared in <em>The Edge Financial Daily</em>, on June 5, 2015.</p></div>


KUALA LUMPUR: Sunway Bhd’s subsidiary Sunway Construction Sdn Bhd (SunCon) has bagged a construction contract worth RM243.69 million to construct a commercial building in Bandar Sunway.

In a filing with Bursa Malaysia yesterday, Sunway (fundamental: 1.5; valuation: 2.4) said SunCon acce...

Sunway bags RM243.69m commercial building contract

MORNING CALL: 16/1/25

Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.

Short seller Nate Anderson says he’s disbanding Hindenburg

Malaysia’s two biggest airlines, Malaysia Airlines and AirAsia, said they will continue to communicate closely with their suppliers to manage cost inflation in 2025, amid challenges from supply chain headwinds to inflation, although both are divided on the outlook for the year.

AirAsia, Malaysia Airlines divided on 2025 outlook, to manage cost inflation

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&P 500 up about 2% in its biggest gain since the aftermath of the US election.

Wall Street has best CPI day since at least 2023

Shares in Asia were set to follow Wall Street higher after new data showed core inflation cooling in the US, keeping alive the prospect of Federal Reserve rate cuts this year.

Equity futures for Australia, Japan and Hong Kong all rallied.

Asian stocks primed for gains after US inflation

Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.

Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.

Gamuda, Castleforge break ground for £1.2 bil redevelopment project in London

Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.

Opposition parties said on Tuesday they were initiating a no-confidence vote against Fico's leftist-nationalist government, accusing him of dragging the country's foreign policy closer to Russia while doing little to fix problems at home.

Slovakia's Fico set to survive no-confidence vote as coalition rebels backing him

Polish Prime Minister Donald Tusk accused Russia of planning to carry out “acts of air terror” against airlines worldwide as he urged European partners to join forces in countering Moscow’s alleged sabotage attempts.

Poland’s Tusk says Russia planned terror acts against airlines

A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.

Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.

Failure to fly out umrah pilgrims: Couple who owns travel agency arrested

Donald Trump's choice for attorney general, Pam Bondi, vowed on Wednesday not to use the US Justice Department to target people based on their politics, seeking to allay concerns the president-elect will use law enforcement to go after his opponents.

"There will never be an enemies list within the Department of Justice," Bondi told the Senate Judiciary Committee.

Trump's AG nominee Pam Bondi vows not to have 'enemies list' for Justice Department

<p>Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.</p>

<p>Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.</p>


<p>SEG International Bhd (SEGi) (KL:SEG) has appointed Datin Adeline Hii Siew Ching, the daughter of the group's managing director Tan Sri Clement Hii Chii Kok, as its non-independent non-executive director, effective Wednesday.</p>


SEGi appoints MD's daughter as non-executive director

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday</p>


MAHB, Southern Score Builders, SC Estate Builder, KJTS, Sunview, Poh Kong, VS Industry, AZRB, Rexit

<p>Prime Minister Datuk Seri Anwar Ibrahim on Wednesday met his UK counterpart, Sir Keir Starmer, and discussed about elevating the relations between both countries to strategic partnership covering all spheres.</p>

<p>“The focus and the fundamentals is of course economics, but also defence and education,” he told reporters after meeting Starmer at No 10, Downing Street, on Wednesday.</p>


Malaysia, UK discuss elevating relations to strategic partnership

<p>Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its downtrend on Wednesday on weaker demand from key market destinations, namely India, China and the European Union.</p>


CPO futures extend downtrend on weaker demand

<p>Building support services firm KJTS Group Bhd (KL:KJTS) is planning to operate two businesses in Singapore, involving cooling services and mobile facility maintenance services.</p>


KJTS inks JV with Singapore firm to operate cooling and mobile facility maintenance services

<p>A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.</p>

<p>Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.</p>


<p>Shares in Asia were set to follow Wall Street higher after new data showed core inflation cooling in the US, keeping alive the prospect of Federal Reserve rate cuts this year.</p>

<p>Equity futures for Australia, Japan and Hong Kong all rallied.</p>


<p>Malaysia’s two biggest airlines, Malaysia Airlines and AirAsia, said they will continue to communicate closely with their suppliers to manage cost inflation in 2025, amid challenges from supply chain headwinds to inflation, although both are divided on the outlook for the year.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim is meeting his UK counterpart Sir Keir Starmer here on Wednesday.</p>

<p>Anwar, who arrived here on Tuesday for a five-day working visit to the UK, was received by Starmer at his office at No 10, Downing Street at 1pm (9 pm Malaysian time).</p>


Anwar meets UK prime minister

<p>JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter (4Q), it reported on Wednesday.</p>

<p>The largest US bank also forecast its net interest income (NII), or the difference between what it earns on loans and pays out on deposits, would rise above analysts' expectations this year, despite repeated warnings that high NII growth was unsustainable.</p>


JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

<p>US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve to signal a pause in interest-rate cuts.</p>

<p>The so-called core consumer price index (CPI) — which excludes food and energy costs — increased 0.2% after rising 0.3% four straight months, Bureau of Labor Statistics figures showed on Wednesday.</p>


US core inflation eases for first time in six months

<p>Four locals, including a woman, have been arrested for their alleged involvement in a syndicate selling non-existent vehicle registration numbers in several states.</p>

<p>Perak acting police chief DCP Zulkafli Sariaat confirmed that the arrests of individuals aged between 27 and 52 were made during separate raids from Jan 10 to 14. The operation followed a report made on Jan 8 by a 22-year-old victim who claimed to have been scammed by the syndicate.</p>


Four arrested for selling fake vehicle registration numbers

<p>US health officials banned the artificial food colouring Red No 3, which has been linked to cancer and is currently in scores of products from candy to cold medicine.<br />
&nbsp;<br />
The dye will no longer be allowed in US food or ingested drugs starting Jan 15, 2027, according to a Food and Drug Administration (FDA) document posted online.&nbsp;</p>


US bans cancer-linked Red Dye No 3 in cereal and other foods

<p>The First Meeting of the Asean+3 Working Committee has agreed to set the Priority Economic Deliverables (PEDs) for Asean 2025, which include increasing access to sustainable and fair climate transition financing, said the Ministry of Finance (MOF).</p>


Asean+3 Working Committee meeting outlines Asean's 2025 main economic priorities

<p>Thailand’s House of Representatives passed a bill to promote liquor production by small entrepreneurs, a move Prime Minister Paetongtarn Shinawatra said will help unshackle the monopoly in the nation’s alcoholic beverage industry and support the rural economy.</p>


Thailand’s lower house passes bill to free up liquor production

<p>Citigroup beat estimates for fourth-quarter (4Q) profit, fuelled by strength in trading and dealmaking, and announced a US$20 billion (RM90.02 billion) buyback programme as it cut a closely watched return target.</p>


Citigroup 4Q profit beats estimates on trading strength, but cuts return targets after 'critical' year

<p>Goldman Sachs posted its best profit since the third quarter of 2021 to beat Wall Street expectations, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading.</p>

<p>Its shares rose 3% before the bell on Wednesday as the investment bank earned US$11.95 (RM53.79) per share in the fourth quarter (4Q), compared with US$8.22 expected by analysts, according to estimates compiled by LSEG.</p>


Goldman Sachs 4Q profit beats estimates as investment banking, trading fuel bumper quarter

<p>OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's biggest importer of oil.</p>

<p>The 2026 forecast is in line with the Organization of the Petroleum Exporting Countries' view oil use will rise for the next two decades, in contrast to the West's International Energy Agency that predicts it will peak this decade as the world shifts to cleaner energy.</p>


In first look at 2026, OPEC predicts ongoing oil demand growth

<p>Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.</p>

<p>Equities erased their losses for 2025, with the S&amp;P 500 up about 2% in its biggest gain since the&nbsp;aftermath of the US election.</p>
