<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 19): T7 Global Bhd has secured contracts worth about RM400 million in Thailand.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday (Sept 19), the group said its unit Tanjung Offshore Services Sdn Bhd had inked charter and operation and maintenance contracts with Busrakham G11 Ltd for the provision of leasing, operations and maintenance of a mobile offshore production unit in the Nong Yao Field, Southern Gulf of Thailand.</p></div>

<div class=newsTextDataWrapInner><p>T7 said the duration of the contract is fve years, with an extension of two years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said the contract will contribute positively to its earnings for the financial periods during the duration of the project.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Monday, T7 had risen 3.33% or one sen to 31 sen, with 493,400 shares done.</p></div>


T7 Global Bhd has secured contracts worth about RM400 million in Thailand.

T7 Global wins contract worth RM400m in Thailand

Malaysia remained the fifth most connected country in Asean in the first half of 2024 (1H2024), after Thailand, Singapore, Vietnam and Indonesia, according to the Malaysian Aviation Commission’s (Mavcom) latest Air Connectivity Index (ACI).

Malaysia the fifth most connected country in Asean in 1H

A growing number of Wall Street strategists are predicting that a decision in the US presidential election will set the stage for stocks to rally into the end of 2024, building on a 21% gain this year for the S&P 500 Index.

Morgan Stanley’s Mike Wilson and JPMorgan Chase & Co.’s Dubravko Lakos-Bujas are among market watchers who said this week that the stock benchmark is poised to swing higher once a victor is declared.

Wall Street is counting on stocks to rally after election hurdle

Stocks climbed Tuesday while Treasuries were mixed and the dollar fell in the last trading session before votes are tallied in a US presidential race with far-reaching implications for the economy.

Neither the size of the moves nor volume indicated strong conviction on the outcome of a contest that polls continue to put at a dead heat.

Tech pushes stocks higher with vote in full swing

Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.

Wall Street gains on election day as technology, chip stocks rise

The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.

Taking the latest available climate data into account, including record increases in temperatures, “the projected physical risk impact” of climate change on gross domestic product (GDP) has quadrupled by 2050 in some scenarios, the Network for Greening the Financial System (NGFS) said in a report on Tuesday.

Global GDP seen taking much bigger climate hit than first feared

The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.

Imports boost US trade deficit to nearly 2-1/2-year high in September

The UK’s fiscal watchdog accused Treasury civil servants of breaking the law by withholding information before the March budget, raising the stakes in a blame game over who was responsible for hiding a multi-billion pound shortfall.

UK budget watchdog says Treasury officials may have broken law

Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic US election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer.

Anxious global investors brace for long-awaited US election results 

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

F&N, Xin Hwa, IOI Corp, T7 Global, TCS Group, Sime Darby Property, Aneka Jaringan

Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&P 500.

Super Micro faces delisting, S&P 500 removal amid auditor woes

<p>Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&amp;P 500.</p>


<p>IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.</p>


IOI Corp allocates land in Johor for solar power plant

<p>Police in Bangladesh have asked the Malaysian government to arrest and extradite two businessmen as part of a probe of alleged money laundering, extortion and trafficking of migrant workers.</p>


Bangladesh seeks arrest of Bestinet founder, associate in worker trafficking probe

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


<p>Electrical engineering services provider HE Group Bhd (KL:HEGROUP), which was listed on the ACE Market in January, said its major shareholders plan to dispose of 4.54% of their shares to comply with a Bumiputera equity condition set by the authorities.</p>


HE Group's major shareholders to sell 4.54% stake to Bumiputera investors

<p>The founding couple of an online fashion business on Tuesday provided their statements to the Malaysian Anti-Corruption Commission (MACC).</p>


FashionValet founders quizzed over RM43.9m investment loss

<p>Fraser &amp; Neave Holdings Bhd's (KL:F&amp;N) net profit for the fourth quarter ended Sept 30, 2024 (4QFY2024) dropped 38.21% year-on-year to RM84.99 million from RM137.56 million, impacted by higher tax expenses and increased withholding taxes on dividends repatriated from its Thailand operations.</p>


F&N profit falls 38% on higher taxes from Thai ops, pays 33 sen dividend

<p>Ann Joo Resources Bhd (KL:ANNJOO) said its rights issue of 140.35 million shares with free detachable warrants has been oversubscribed by 31.4%.</p>


Ann Joo’s rights issue sees 31% oversubscription

<p>Construction player Gagasan Nadi Cergas Bhd (KL:NADIBHD) is buying two companies for RM185 million, cash, to gain control of Konsortium PAE Sepakat Sdn Bhd (KPSSB), which owns a facility management concession for student hostel facilities in seven polytechnic campuses.</p>


Gagasan Nadi Cergas buys student hostel management concession for RM185m

<p>Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by choppy demand in the United States and abroad from budget-stretched customers.</p>


Burger King, KFC owners miss results estimates as fast-food spending wanes

<p>Here’s a quick look at some of the stories that made headlines today.</p>


EVENING 5: Five things you need to know today

<p>Trading in the shares of Smile-Link Healthcare Global Bhd (KL:SMILE) and MCOM Holdings Bhd (KL:MCOM) will be suspended on Friday (Nov 8) due to the two LEAP Market companies' failure to submit their annual audited financial statements for the period ended June 30, 2024, said Bursa Malaysia Securities.</p>


LEAP Market-listed Smile-Link, MCOM to be suspended after failing to meet results deadline

<p>The US stock market is unlikely to head into a bear market in the next 12 months, with a resilient economy continuing to support equities, according to Goldman Sachs Group Inc strategists.</p>


Goldman strategists see little chance of post-poll bear market

<p>Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.</p>


<p>NXP Semiconductors NV fell in late trading after giving a disappointing forecast for fourth-quarter (4Q) sales and earnings, hurt by a slowdown from automotive customers and weak industrial demand.</p>


NXP tumbles after auto industry slump weighs on forecast

<p>Malaysia will be the first Southeast Asian country to host the Smart City Expo (SCE) in Kuala Lumpur from Sept 17-19, 2025. It highlights the country’s commitment to innovation and sustainable digital city development while positioning itself as a leading nation in Asean.&nbsp;</p>


KL gears up for Southeast Asia's inaugural Smart City Expo — Gobind

<p>Schroders plc shares tumbled the most in more than four years after the firm reported £2.3 billion (RM12.99 billion) of quarterly outflows and warned of £10 billion more.</p>


Schroders shares plunge after £10 bil outflow warning

<p>The Home Ministry (KDN) will provide further clarification on the new bill related to house arrest in the Dewan Rakyat this Thursday, said its Minister Datuk Seri Saifuddin Nasution Ismail.</p>


Home minister says will provide clarity on house arrest law in Parliament on Thursday 

<p>Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic US election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer.</p>


<p>French financial prosecutors searched the offices of private equity firm CVC Capital Partners and France’s football governing body on Tuesday as part of an investigation into possible corruption.</p>
