<div>This article first appeared in <em>The Edge Financial Daily</em>, on March 16, 2017.<br />
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<div class=newsTextDataWrapInner><p>KUALA LUMPUR: TSR Capital Bhd has bagged an RM119.74 million contract from the East Coast Economic Region Development Council (ECERDC) to build a port link road in Kuantan Port City, Pahang.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, TSR said its wholly-owned subsidiary TSR Bina Sdn Bhd has accepted a letter of acceptance from ECERDC for the project under Package 3B, which includes constructing a toll plaza, trumpet interchange, Malaysia-China Kuantan Industrial Park (Phase 2) inner road and drainage diversion works.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The project’s construction period is 130 weeks commencing from the date of site possession.</p></div>

<div class=newsTextDataWrapInner><p>TSR said the project will contribute positively to the group’s earnings for financial years ending 2017 through 2019.</p></div>

<div class=newsTextDataWrapInner><p>Shares in TSR Capital closed up four sen or 7.55% at 57 sen yesterday, for a market capitalisation of RM92.46 million.</p></div>


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

 

KUALA LUMPUR: TSR Capital Bhd has bagged an RM119.74 million contract from the East Coast Economic Region Development Council (ECERDC) to build a port link road in Kuantan Port...

TSR Capital bags RM120m job from ECERDC

Singapore is looking to strengthen the Transboundary Haze Pollution Act (THPA) to address the enforcement gaps in haze-related issues, said Sustainability and Environment Minister Grace Fu.

Singapore eyes stronger transboundary haze law to address enforcement gaps

European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the artificial intelligence (AI) trade, and central bank meetings that could shape near-term interest-rate outlook.

European shares dip as HSBC results weigh on banks ahead of Big Tech earnings

Mercedes-Benz Group AG cut its profit guidance, joining peers Volkswagen AG and BMW AG after sales in China declined.

Mercedes joins BMW, VW with outlook cut after China slump

Saudi Arabia contained a fire near its biggest oil export terminal at Ras Tanura on the Persian Gulf following an attack in the region, a person with knowledge of the matter said.

Aramco contains fire near Ras Tanura oil hub after attack — Bloomberg

The government has yet to decide whether to provide financial support to financially-distressed AirAsia Group Bhd (KL:AAGB), Transport Minister Anthony Loke Siew Fook said.

Loke: Govt yet to decide on financial support for AirAsia

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

FBM KLCI up 0.47% to 1,611.85 on Oct 27, 2026

Eco-Shop Marketing Bhd (KL:ECOSHOP) posted a higher net profit for the first quarter, buoyed by store expansion and a rise in customer transactions.

Eco-Shop 1Q net profit rises nearly 8% as store network expands

The High Court has dismissed an application by Mulia International Limited (MIL) — an international unit of Indonesia's prominent Mulia Group (PT Mulialand) — to stay a domestic commercial lawsuit brought against it by MKD Signature Sdn Bhd concerning the ownership of the Exchange 106 tower at Tun Razak Exchange (TRX).

High Court dismisses Mulia International’s bid to stay MKD Signature’s suit over Exchange 106 tower ownership dispute

Former Setiawangsa member of Parliament Nik Nazmi Nik Ahmad on Tuesday completed having his statement recorded by the Selangor Islamic Religious Department (JAIS) in connection with a khalwat (close proximity) case.

Nik Nazmi gives statement to Selangor religious dept over khalwat case

EdgeUP: AI Labs Explained - The Business Behind AI

<p>The government is pursuing legal action, including a civil suit, against Zetrix AI Bhd (KL:ZETRIX) over its failure to remit RM314 million in revenue collected on behalf of the Road Transport Department (JPJ).</p>


Govt to sue Zetrix AI over RM314m JPJ arrears

<p>While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports.</p>


In China, the AI bubble has already burst

<p>The Employees Provident Fund (EPF) must help more Malaysians achieve retirement adequacy by adapting to changing employment patterns while continuing to deliver sustainable returns, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


EPF must help more Malaysians achieve retirement adequacy, says Amir Hamzah

<p>(Oct 27):&nbsp;Malaysia is expected to attract more interest as a data centre hub following the outbreak of the US-Iran war, according to SD Guthrie Bhd (KL:SDG), giving the palm oil giant and the country’s biggest landowner an opportunity to capitalise on the boom.</p>


Iran war boosts Malaysian data centre appeal, SD Guthrie says

<p>CIMB Group Holdings Bhd’s (KL:CIMB) planned sale of its business in the Philippines has drawn interest from local rivals including Bank of the Philippine Islands and Metropolitan Bank &amp; Trust Co, according to people with knowledge of the matter.</p>


CIMB attracts BPI, Metrobank for Philippine unit sale — Bloomberg

<p>French soccer star Kylian Mbappé is facing mounting backlash in China after comments perceived as insulting Mao Zedong, with state TV blocking his matches, social media freezing his accounts and a slew of companies dropping him as ambassador.</p>


Mbappé boycott in China widens after perceived insult to Mao

<p>Malaysia's technology stocks outperformed on Tuesday, catching the buzz over artificial intelligence (AI) firm Anthropic, which has officially filed for its listing.</p>


Malaysia's tech stocks rally, ViTrox extends gain amid Anthropic listing buzz

<h2>Notable filings</h2>

<p>From Oct 5 to 9, notable filings at Bursa Malaysia-listed companies included those at <strong>Salutica Bhd </strong>(KL:SALUTE), in which Singapore-based Fortune Innovative VCC Sub-Fund GEMS High Yield Investment Fund ceased to be a substantial shareholder after dispos...

Insider Moves: Salutica Bhd, Tambun Indah Land Bhd, Lee Swee Kiat Group Bhd, Solarvest Holdings Bhd, Excel Force MSC Bhd, Zetrix AI Bhd

<p>European shares slipped on Tuesday, dragged down by banking stocks, after disappointing results from HSBC, while investors also turned cautious ahead of US tech earnings, seen as a key test of the artificial intelligence (AI) trade, and central bank meetings that could shape near-term interest-rate outlook.</p>


<p>KUALA LUMPUR (Oct 27): The government is considering a proposed Government-Owned Entities Bill to tighten governance of government-linked companies (GLCs) and related agencies, while preventing misappropriation such as that which occurred in 1Malaysia Development Berhad (1MDB), Felda and Tabung Haji.</p>


PM: Proposed Government-Owned Entities Bill to tighten governance, prevent misappropriation

<p>Nestle (Malaysia) Bhd (KL:NESTLE) reported a 73% jump in net profit for the third quarter, thanks mainly to stronger sales and lower input costs.</p>


Nestlé Malaysia reports 73% jump in 3Q earnings, raises dividend to 80 sen per share

<p>Public Bank Bhd's (KL:PBBANK) investment holding unit LPI Capital Bhd (KL:LPI) saw its net profit drop 15.7% in the third quarter, weighed down by lower investment returns and net fair value losses.</p>


LPI Capital 3Q net profit down almost 16% on lower investment returns

<p>The nexus between business and politics in Corporate Malaysia has always produced a number of casualties. Whenever there was a change in the alignment of power in the government, businessmen who were seen to have been close to the ousted politicians were often punished.</p>

<p>On that score, P...

Alternative Views: What happens after the corporate mafia probe is crucial

<p>Nearly two months after Yinson Holdings Bhd’s (KL:YINSON) largest shareholder, the Lim family (27.7%), and MISC Bhd (KL:MISC) confirmed preliminary talks with another shareholder Employees Provident Fund (17.09%) to take the floating production, storage and offloading (FPSO) company private, a firm intention has yet to be announced.</p>


Frankly Speaking: Yinson privatisation sees longer runway

<p>KUALA LUMPUR (Oct 27): Impact Capital Holdings Bhd, a Sarawakian technology firm, has launched its ACE Market listing that will raise RM27.6 million for the company and its shareholders.</p>


Sarawak tech firm Impact Capital launches ACE Market IPO at 22 sen per share

<p>SINGAPORE (Oct 27): Singaporean state gas buyer GasCo has launched its first procurement exercise to secure term supplies of liquefied natural gas, said Gan Siow Huang, the country's minister of state for energy, trade and industry.</p>


Singapore launches first LNG term supply tender, weighs third import terminal

<p>NEW DELHI/BENGALURU (Oct 27): Oil prices turned positive on Tuesday after a fall of about 1%, earlier in the session, as the chance of talks in Tehran eased fears of a broader Middle East supply shock, while renewed Houthi attacks on Saudi Arabia highlighted persistent risks.</p>


Oil rises slightly as diplomacy hopes counter renewed Houthi attacks

<h3><span style="color:#d35400;">Banks</span></h3>

<p><strong>NOMURA RESEARCH (OCT 13):</strong> We are turning increasingly bullish on Malaysian banks as the recent bond yield spike-driven derating appears overdone, in our view. Our positive stance is based on three key reasons: 1) we think conc...

Brokers Digest: Local Equities - Banks, MN Holdings Bhd, IJM Corp Bhd, Deleum Bhd

<p>GDB Holdings Bhd (KL:GDB) rose on Tuesday to the highest in over four months after the builder bagged its biggest housing contract to date while Apex Securities raised its outlook.</p>


GDB shares rise to four-month high after record contract win, Apex raises target price

<p>Barisan Nasional (BN) chairman&nbsp;Datuk Seri Dr Ahmad Zahid Hamidi said MCA will contest the Melaka state election, polling for which is on Nov 14.</p>
