<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 6): ITMAX System has received another three-year contract extension from Kuala Lumpur City Hall (DBKL) worth RM52.81 million for the installation and maintenance of networked street lighting systems in Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The three-year extension, from Aug 1, 2023 to July 31, 2026, is expected to contribute positively to the group’s earnings and net assets per share for the financial year ending Dec 31, 2023 and onwards, the public space networked systems service provider said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>The group said the original five-year contract was awarded on July 25, 2016, and the first extension for two years was made on Aug 1, 2021.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>ITMAX’s shares price closed down one sen or 0.68% to RM1.46, giving the group a market capitalisation of RM1.5 billion.</p></div>

<div class=newsTextDataWrapInner><p>Since making its debut on the Main Market in Dec last year, the stock has gained 36% from its initial offering price of RM1.07.</p></div>


ITMAX System has received another three-year contract extension from Kuala Lumpur City Hall (DBKL) worth RM52.81 million for the installation and maintenance of networked street lighting systems in Kuala Lumpur.

ITMAX secures RM53 mil contract extension from DBKL for installation of street light systems

BENGALURU (Nov 22): S&P Global Ratings lowered its outlook on three Adani Group entities to "negative" from "stable" on Friday, citing risks to funding access following a US indictment of the conglomerate's billionaire founder Gautam Adani on bribery charges.

S&P lowers outlook on three Adani units after US indictment of founder

Offshore oil-and-gas services firm Bumi Armada Bhd (KL:ARMADA) said on Friday its third quarter net profit rose 19% from a year earlier as operating margins expanded with lower costs.

Bumi Armada's 3Q net profit rises 19%, no update on merger with MISC's offshore unit

The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.

We have no information on Jho Low's whereabouts, says IGP

Japan is set to kick off discussions on raising the basic tax-free income allowance in effective permanent tax cuts worth up to US$51 billion (RM227.86 billion), a step that could also help ease constraints on part-time workers amid intensifying labour shortages.

Japan considering raising income tax threshold in fresh economic stimulus

GEORGE TOWN (Nov 22): Frequent water supply disruptions, high industrial land prices and talent shortages are among challenges faced by the Penang government in its effort to position the state as the Silicon Valley of the East.

Chow: Water supply disruptions, land prices among challenges in Penang’s Silicon Valley ambitions

KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.

Hong Kong-based Unity Group pursues secondary listing on Bursa Malaysia

Thailand’s Constitutional Court dismissed a complaint against former premier Thaksin Shinawatra and his-family backed ruling party, a major reprieve for his daughter’s less than three-month old government.

Thai court rejects case against Thaksin in reprieve for PM 

KUALA LUMPUR (Nov 22): This week’s Dewan Rakyat sitting saw nine ministries complete the winding-up of the Supply Bill 2025 debate at the committee stage.

Dewan Rakyat: Nine ministries completed winding-up debate on Supply Bill 2025 at committee stage this week

Oil prices extended gains on Friday, heading for a weekly uptick of more than 4%, as the Ukraine war intensified with Russian President Vladimir Putin warning of a global conflict.

Oil heads for weekly gains on anxiety over intensifying Ukraine war

SAO PAULO/RIO DE JANEIRO (Nov 21): Brazilian state-run oil firm Petrobras approved on Thursday a payout of 20 billion reais (US$3.4 billion, or RM15.34 billion) in extraordinary dividends to shareholders, and it lowered the minimum cash level required for its US$111 billion strategic plan.

Petrobras approves US$3.4b in extra dividends, US$111b strategic plan

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>AirAsia hopes to emulate Dubai’s success in connecting the world, but in a low-cost format from places like Bangkok and Kuala Lumpur as the discount carrier looks to move on from its tumultuous pandemic years.</p>


AirAsia founder plots low-cost Dubai-like hub in Bangkok, KL

<p>KUALA LUMPUR (Nov 22): Globetronics Technology Bhd (KL:GTRONIC) surged as top most-actively-traded stocks on Friday morning, after the company secured a RM145 million contract to provide integrated circuit (IC) product packaging, testing, and backend services to Taiwan-based ChipMOS Technologies Inc. &nbsp;</p>


Globetronics shares surge on RM145m contract win with Taiwan’s ChipMOS

<p>KUALA LUMPUR (Nov 22): Shares of DRB-Hicom Bhd (KL:DRBHCOM) fell on Friday to their lowest in more than four years, after the automotive-to-banking conglomerate reported weaker than expected quarterly results.</p>


DRB-Hicom shares fall to over four-year low, analysts divided over outlook after 3Q

<p>China’s richest man lashed out at two of the country’s biggest tech giants for fanning online vitriol targeting him earlier this year and instigating a price war that wiped out tens of billions of market value for his bottled-water empire.</p>


China’s richest man berates PDD, ByteDance for months of misery

<p>Affin Bank Bhd (KL:AFFIN) said on Friday its net profit surged in the third quarter thanks to an increase in both interest and non-interest income, as well as impairment writeback and foreign exchange gains.</p>


Affin Bank 3Q net profit surges on higher interest income; writeback, forex gain also provide boost

<p>Gold was headed for its largest weekly gain in nearly eight months on Friday and the euro hovered at a 13-month low as Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine.</p>


Gold surges and euro sags as broader war risks rise 

<p>Now is an opportune time to accumulate Dayang Enterprise Holdings Bhd (KL:DAYANG) shares given its undemanding valuations, said CGS International.</p>


Good opportunity to accumulate Dayang shares — CGS

<p>CapitaLand Investment Ltd, one of Asia’s largest property investment managers, warned of potential losses as it seeks to extricate itself from China’s real estate crisis.</p>


CapitaLand warns of China losses as Singapore property investor cuts exposure

<p>US President-elect Donald Trump said on Thursday he would nominate former Florida attorney general and loyalist Pam Bondi to be US attorney general, moving swiftly to replace his former nominee Matt Gaetz after the embattled former congressman withdrew from consideration.</p>


Trump picks Pam Bondi for US attorney general after Gaetz withdraws

<p>TOKYO (Nov 22): Nissan&nbsp;Motor&nbsp;will cut or transfer about 1,000 jobs in Thailand, as it shrinks production in Southeast Asia, part of its recently announced global workforce reduction plan, two sources familiar with the matter told<em> Reuters</em> on Friday.</p>


Nissan to cut or transfer about 1,000 jobs in Thailand — Reuters

<p>KUALA LUMPUR (Nov 22): Berjaya Hartanah Bhd, a wholly owned subsidiary of Berjaya Land Bhd (KL:BJLAND), officially launched on Friday, its latest condominium development named Oaka Residences at Bukit Jalil, Kuala Lumpur. The project has a gross development value (GDV) of RM373 million.&nbsp;</p>


Berjaya Land launches RM373m Oaka Residences in Bukit Jalil

<p>Inflation in Malaysia picked up slightly and was a tad faster than expected in October as prices of food and personal care products, including jewellery, rose, official data released on Friday showed.</p>


Inflation in Malaysia picks up slightly in October, official data shows

<p>KUALA LUMPUR (Nov 22): TSH Resources Bhd (KL:TSH) reported a 12.19% increase in its net profit for the third quarter spanning July to September 2024 (3QFY2024), despite a drop in revenue, as it recorded reduced non-controlling interests, which resulted in the larger share of profit attributable to the owners of the company.</p>


TSH Resources reports 12% rise in 3Q net profit, pays 2.5 sen dividend

<p>KUALA LUMPUR (Nov 22): Hong Kong-based energy services firm Unity Group Holdings International Ltd said it is planning a secondary listing in Malaysia.</p>


<p>The Royal Malaysian Police (PDRM) has no information on the whereabouts of wanted businessman Jho Low, who is reportedly in Myanmar, said Inspector-General of Police (IGP) Tan Sri Razarudin Husain.</p>


<p>Nvidia Corp assured investors that its new product lineup will continue to fuel an artificial intelligence-driven growth run, while also signaling that the rush to get chips out the door is proving costlier than expected.&nbsp;</p>


Nvidia says new chip remains on track, helping soothe investors

<p>GEORGE TOWN (Nov 22): Penang&nbsp;welcomed Hong Kong Express’ (HK Express) inaugural direct flight from Hong Kong on Friday, marking a milestone in the state’s tourism development.</p>


Penang welcomes HK Express’ inaugural flight from Hong Kong

<p>KUALA LUMPUR (Nov 22): Damansara REIT Managers Sdn Bhd, the manager of Al-`Aqar Healthcare REIT &nbsp;(KL:ALAQAR)&nbsp;and Al-Salam REIT&nbsp;(KL:ALSREIT), has appointed Zulhilmy Kamaruddin as its new chief executive officer (CEO) as of Thursday (Nov 21).</p>


Damansara REIT Managers appoints Zulhilmy Kamaruddin as its new CEO

<p>Mercedes-Benz plans to cut costs by several billion euros per year in the coming years, the <em>Handelsblatt</em> newspaper reported on Thursday, citing a spokesperson for the German carmaker.</p>
