<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 2): Construction firm TCS Group Holdings Bhd has bagged a&nbsp;RM255 million contract from Remedy Power Sdn Bhd to construct the foundation and main building works of a mixed-use development project in Taman Desa, Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday (March 2), TCS said its wholly-owned subsidiary TCS Construction Sdn Bhd accepted the letter of award from Remedy on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The foundation and main building works of the development pertain&nbsp;to Phase 1 of the project — 25-storeys of office space, podium parking and facilities — as well as a ground floor lobby and nine-storey underground parking.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The completion time for the contract shall be 30 months commencing in April 2022 and [is] expected to be complete in September 2024.</p></div>

<div class=newsTextDataWrapInner><p>“TCS intends to fund the contract via internally generated funds and/or borrowings,” it added.</p></div>

<div class=newsTextDataWrapInner><p>TCS noted that the contract is expected to contribute positively to its future earnings and net assets for the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>At the noon break on Wednesday, TCS shares were down half a sen or 1.52% at 32.5 sen, giving it a market capitalisation of RM126.75 million.</p></div>


Construction firm TCS Group Holdings Bhd has bagged a RM255 million contract from Remedy Power Sdn Bhd to construct the foundation and main building works of a mixed-use development project in Taman Desa, Kuala Lumpur.

TCS awarded RM255m mixed-use development construction job

The S&P 500 and the Dow edged higher on Friday, putting them on course for their best week this year, as a sweeping Trump victory powered bets of a business-friendly agenda and an expected interest-rate cut eased pressure on the US economy.

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US consumer sentiment climbed to a seven-month high in early November, boosted by Americans’ optimism about the future of the economy and their finances.

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Irish Prime Minister Simon Harris on Friday announced the formal start of the country's general election campaign, hoping to retain his coalition's lead in polls and to capitalise on a slide in support for the opposition Sinn Fein.

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A brief recap of some business news and corporate announcements that made the headlines on Friday.

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Chinese President Xi Jinping told Italian President Sergio Mattarella that China is willing to import more of Italy’s high-quality products and expand their business ties.

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Singapore Airlines on Friday flagged its earnings would stay under pressure despite robust travel demand in the second half of the year, while it reported a profit fall reflecting stiff market competition coupled with rising costs.

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<p>Renewable energy producer Cypark Resources Bhd (KL:CYPARK) announced on Friday that its chief financial officer (CFO) Vinie Chong Pui Ling has resigned, just three months after her appointment on Aug 15.</p>


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<p>Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;</p>

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<p>Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.&nbsp;&nbsp;</p>


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<p>Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.</p>


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<p>China gave indebted local governments a 10 trillion yuan &nbsp;(US$1.4 trillion or RM6.12 trillion) &nbsp;lifeline but stopped short of unleashing new stimulus, preserving room to respond to a potential trade war when Donald Trump takes office next year.</p>


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<p>United Overseas Bank Ltd (UOB)&nbsp;led Singapore bank stocks to record highs on Friday after delivering a hefty profit beat, led by wealth and trading gains.</p>

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<p>Communications Minister Fahmi Fadzil said on Friday it is too early to reveal the specific conditions that will be imposed on U Mobile Sdn Bhd to lead the second 5G network.</p>


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<p>Malaysian benchmark palm oil futures are expected to trade above and around RM5,000 per tonne until June 2025, supported by tight supply and bullish demand, leading industry analyst Dorab Mistry said on Friday.</p>


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<p>WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.</p>


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<p>Genting Singapore Ltd’s shares fell to a two-year low, after analysts downgraded the stock following lacklustre third-quarter results from the firm.</p>

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<p>Vanzo Holdings Bhd has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its ACE Market listing.</p>


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<p>Malaysia’s industrial output rose slower than expected in September, as manufacturing activity and electricity generation growth eased, while mining production contracted, official data on Friday showed.</p>


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<p>PUTRAJAYA (Nov 8): The process of recording the testimony of the founding couple of FashionValet Sdn Bhd related to the investment losses&nbsp;of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB), which continued on Friday, was completed after about five hours.</p>


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<p>A brief recap of some business news and corporate announcements that made the headlines on Friday.</p>


<p>The Malaysian Oil, Gas and Energy Services Council (MOGSC) has commended the recent awarding of landmark contracts for integrated well continuity services (ICWS) and maintenance, construction, and modification (MCM) services to oil and gas services equipment (OGSE) players.</p>
