<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 11): Favelle Favco Bhd (FFB) has secured three contracts for the supply of tower cranes worth a total of RM84.9 million.</p></div>

<div class=newsTextDataWrapInner><p>The contracts, to be delivered by the second quarter of next year, were awarded to its wholly-owned subsidiaries Kroll Cranes A/S and Favelle Favco Cranes Pty Limited.</p></div>

<div class=newsTextDataWrapInner><p>The names of the clients are G A Caelli Holdings Trust, Aarsleff BIZ Sp. z o.o. and Afcons Infrastructure Ltd, the crane manufacturer told Bursa Malaysia on Thursday (May 11).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The above contracts are expected to contribute positively to the earnings and net assets of FFB for the financial year ending Dec 31, 2023 and beyond,” it added.</p></div>

<div class=newsTextDataWrapInner><p>In March, FFB secured two contracts for the supply of tower and offshore cranes from Samsung Heavy Industries Co Ltd and Malaysia Marine and Heavy Engineering Sdn Bhd (a wholly-owned unit of Malaysia Marine and Heavy Engineering Holdings Bhd) with a combined value of RM95 million.</p></div>

<div class=newsTextDataWrapInner><p>Favelle Favco’s share price, which has risen 12.94% year to date, closed at RM1.92 on Thursday. This gives the group a market capitalization of RM451.03 million.</p></div>


Favelle Favco Bhd (FFB) has secured three contracts for the supply of tower cranes worth a total of RM84.9 million.

The contracts, to be delivered by the second quarter of next year, were awarded to its wholly-owned subsidiaries Kroll Cranes A/S and Favelle Favco Cranes Pty Limited.

Favelle Favco clinches three tower crane contracts worth RM84.9 mil

Donald Trump had dinner with Meta Platforms Inc chief executive officer Mark Zuckerberg at the president-elect’s Mar-a-Lago estate in Florida on Wednesday.

Zuckerberg met with Trump and members of his team, according to a Meta representative, who added that the session took place at a crucial time for US innovation.

Trump has dinner with Mark Zuckerberg at Mar-a-Lago

BERLIN (Nov 28): German consumer sentiment looks set to tumble in the last month of the year as households, worried by reports of job cuts, grow more pessimistic about their income prospects, a survey showed on Wednesday.

The consumer sentiment index, published by GfK and the Nuremberg ...

German consumer sentiment tumbles on job cut fears, survey shows

Hong Kong’s third airport runway officially starts operating on Thursday, but there’ll be hardly any additional flight capacity for at least another year.

Hong Kong opens third airport runway with marginal gain in landing slots

KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.

Zahid’s foreign visa bribery appeal: Prosecution seeks postponement, to brief new AG

MOSCOW (Nov 28): Russia said on Wednesday that if the United States stationed missiles in Japan, this would threaten Russian security and prompt Moscow to retaliate.

Japan's Kyodo news agency reported on Sunday that Japan and the U.S. aim to compile a joint military plan for a ...

Russia says it will respond if US places missiles in Japan

Even as Mexico President Claudia Sheinbaum attempts to quell concerns over Donald Trump’s threat of 25% tariffs, economists are looking glumly at the trouble ahead should the US president-elect actually follow through.

Trump tariff threat ‘chilling signal’ for Mexico economy

IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON) has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.

Silver Valley Tech Park project: Perak committee chairman says Advancecon paid ex-gratia to 97 farmers

TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.

TA Securities assigns RM1.99 fair value to Main Market-bound TMK Chemical

Candidates backed by new Indonesian President Prabowo Subianto look set to secure victories in key regional elections, with the exception of Jakarta, which analysts said should make it easier to implement his agenda and reinforce his political clout.

Prabowo's coalition dominate Indonesian regional elections; Jakarta the exception

KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.

Kerjaya Prospek shares test eight-year high as investors celebrate dividend surprise

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) fell in early trading after its third-quarter results came in below analysts expectations.</p>


NationGate shares slide in early trade after 3Q results miss expectations

<p>China is continuing to buy US soybeans, confounding some traders who had expected the flow of shipments to slow down ahead of a potential trade war between both countries.</p>

<p>A Chinese state buyer picked up at least eight cargoes last week to build national reserves, according to traders familiar with the sales.</p>


China keeps buying US soy in surprise move after Trump’s win

<p>Mexican President Claudia Sheinbaum said on Wednesday Mexico would retaliate if US President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 US jobs.</p>


Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

<p>Technology stocks on Bursa Malaysia declined in early trading on Thursday, mirroring the decline in US technology stocks on Wednesday.</p>


Tech counters decline in early trade on Bursa Malaysia

<p>A total of 11 electricity substations have been shut down as of Wednesday night due to the increasingly worrying flood situation around Kota Bharu, Machang and Tanah Merah.</p>


TNB shuts down 11 substations in Kelantan as floods worsen; three district offices shutter in Pasir Mas

<p>KUALA LUMPUR (Nov 28): Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) climbed to their highest in eight years, following an unexpected special dividend following third-quarter results.</p>


<p>A selloff in giant technology companies dragged down stocks, while the latest economic data gave support to the Federal Reserve’s (Fed) cautious stance on rate cuts.</p>


US stocks halt record-breaking rally as tech gets hit

<p>Communications Minister Fahmi Fadzil will meet with the management of three news portals on Thursday to address the issue of unpaid salaries for media personnel.</p>


Fahmi says will address salary arrears with news portals on Thursday

<p>Asian shares were subdued on Thursday and the dollar was on the defensive after US data showed progress in slowing inflation had stalled even as the economy remained resilient, raising doubt over the path the Federal Reserve (Fed) could take next year.</p>


Asian stocks subdued, dollar drifts ahead of US Thanksgiving

<p>The risk of trade sanctions from the US due to Prime Minister Datuk Seri Anwar Ibrahim's vocal stance in defending the rights of the Palestinian people and state will be among the highlights of Thursday's Dewan Rakyat sitting.</p>


Trade sanction risks due to vocal support for Palestinian rights highlight of Thursday's Dewan Rakyat sitting

<p>The Biden administration is weighing additional curbs on sales of semiconductor equipment and AI memory chips to China that would escalate the US crackdown on Beijing’s tech ambitions but stop short of some stricter measures previously considered, according to people familiar with the matter.</p>


US preps China chip curbs that stop short of early proposals — Bloomberg

<p>South Korea's central bank cut benchmark interest rates for a second straight meeting on Thursday in a surprise move as the economy stalled and inflation slowed more than policymakers predicted.</p>


South Korea makes first back-to-back rate cuts since 2009

<p>The Federal Reserve’s (Fed) preferred measure of underlying inflation accelerated in October from a year ago, helping explain policymakers’ more cautious approach to lowering interest rates.</p>


Fed’s favoured inflation gauge picks up, backs cautious approach

<p>TA Securities has valued Main Market-bound TMK Chemical Bhd (KL:TMK) at RM1.99, given its main competitive advantages, including a strong market share in the inorganic chemicals market.</p>


<p>IPOH (Nov 28): Developer Advancecon Holdings Bhd (Advancecon)(KL:ADVCON)&nbsp;has provided ex-gratia payments to 97 farmers engaged in farming activities on the site of the Silver Valley Technology Park (SVTP) project, owned by the Perak State Development Corporation (PKNPk), in Khantan, Chemor, here.</p>


<p>The US Federal Trade Commission (FTC) has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.</p>


Microsoft faces wide-ranging US antitrust probe — Reuters

<p>Australia’s government will hold talks with its Northern Territory counterpart on Thursday over concerns around the financial status of Chinese company Landbridge, which holds a 99-year lease over the strategically-important port of Darwin.</p>


Australia concerned by reports port of Darwin’s owner in trouble

<p>BENGALURU (Nov 28): BlackRock has a handshake deal to buy private credit group HPS Investment Partners, the<em> Financial Times</em> (<em>FT</em>) reported on Wednesday.</p>


BlackRock has deal to buy private credit manager HPS, FT reports

<p>KUALA LUMPUR (Nov 28): The prosecution has sought a postponement in their appeal against the acquittal of Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi in the foreign visa (VLN) system bribery case.</p>


<p>Candidates backed by new Indonesian President Prabowo Subianto look set to secure victories in key regional elections, with the exception of Jakarta, which analysts said should make it easier to implement his agenda and reinforce his political clout.</p>
