<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 22): PRIVASIA Technology Bhd has entered into an IT network, security and internet outsourcing and managed services contract with Westports Malaysia Sdn Bhd worth RM20.65 million.</p></div>

<div class=newsTextDataWrapInner><p>Under the five-year contract, the group said its wholly-owned subsidiary PRIVASIA Sdn Bhd (PSB) will be responsible for the purchase of new equipment necessary to provide the service.</p></div>

<div class=newsTextDataWrapInner><p>“Subject to the change control procedures, PSB shall increase or decrease the amount of the services according to Westports’ demand for the services as agreed between Westports and PSB, which may necessitate an adjustment in the charges,” PRIVASIA Technology said in a bourse filing on Tuesday (Aug 22).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said the contract, which commenced on April 1, was in force upon the execution and delivery of the corporate guarantee on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>PRIVASIA Technology also said it expects the contract to contribute positively towards the earnings of the group until the expiry of the contract.</p></div>

<div class=newsTextDataWrapInner><p>“The company does not foresee any exceptional risks other than execution risks, political risks, pandemic risks and country risks associated with the contract,” it added.</p></div>

<div class=newsTextDataWrapInner><p>The share price of PRIVASIA Technology closed unchanged at 10 sen on Tuesday, bringing the group a market capitalisation of RM58.61 million.</p></div>


PRIVASIA Technology Bhd has entered into an IT network, security and internet outsourcing and managed services contract with Westports Malaysia Sdn Bhd worth RM20.65 million.

PRIVASIA executing IT services for Westports in contract worth RM21m

Economy Minister Rafizi Ramli says the government expects rare earth elements (REE) to be processed in Malaysia within the next three years.

Putrajaya targeting domestic rare earths processing within three years — Rafizi

A framework and strategy for blue economy is being developed at the Ministry of Economy and is expected to be completed by the end of 2025, said Economy Minister Rafizi Ramli.

Rafizi: Framework for blue economy to be finalised by end-2025

The National Energy Awards (NEA), which aims to recognise the achievements and best practices of sustainable energy industry players in Malaysia, will be open for submission from Monday (Nov 18) until Feb 19 next year.

Participation in 2025 National Energy Awards open for submission from Monday

Pasir Bedamar state assemblyman Woo Kah Leong has been elected DAP Socialist Youth (DAPSY) national chief for the 2024–2027 term.

Woo Kah Leong named new DAP Youth chief 

Kelantan's Gross Domestic Product (GDP) grew by 2.6% to RM27.6 billion in 2023 compared to RM26.9 billion the previous year, said Menteri Besar Datuk Mohd Nassuruddin Daud.

Kelantan’s GDP up to RM27.6b in 2023 on service sector growth, says MB 

Brazil's first lady, Janja Lula da Silva, swore at billionaire Elon Musk during a G20 social event on Saturday at which she spoke about the need to regulate social media to rein in misinformation.

Brazil's first lady insults Elon Musk at G20 social event

Prime Minister Datuk Seri Anwar Ibrahim has arrived in Brazil, South America’s largest country, from Lima, Peru, for his official visit and to attend the Group of 20 (G20) Summit 2024, where Malaysia is a guest country.

Anwar arrives in Brazil for official visit, G20 summit 

Australia Prime Minister Anthony Albanese said his relationship with US President-elect Donald Trump has had a "very good beginning", elaborating on a phone call between the pair after the Republican's US election win.

Australia PM Albanese says relationship with Trump off to 'very good' start

Netflix said on Saturday that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to a statement.

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US President Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House.

Biden, Xi agree that humans, not AI, should control nuclear arms, White House says

<p>For the Nov 18 issue of <i>City &amp; Country</i>, our cover story features Berjaya Hartanah Bhd, a wholly-owned subsidiary of Berjaya Land Bhd (KL:BJLAND), as it gets ready to launch Oaka Residences in Bukit Jalil, Kuala Lumpur on Nov 22.</p>


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<p>TikTok's parent company ByteDance is valuing itself at about US$300 billion (RM1.34 trillion), after it recently approached investors about a share buyback programme, according to two people familiar with the matter and a document viewed by <i>Reuters</i>.</p>


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<p>The Hour Glass’ exceptional customer service is a key factor contributing to its reputation as one of the region’s most respected specialist watch retailers. While its extensive range of timepieces and brands is undeniably alluring, it is oftentimes the intimate connections forged through its personnel that cultivate multi-generational loyalty.</p>


All in good time

<p>Brazil's first lady, Janja Lula da Silva, swore at billionaire Elon Musk during a G20 social event on Saturday at which she spoke about the need to regulate social media to rein in misinformation.</p>


<p>US President Joe Biden and Chinese President Xi Jinping agreed on Saturday that human beings and not artificial intelligence should make decisions over the use of nuclear weapons, according to the White House.</p>


<p>President Xi Jinping announced that China will host the Asia Pacific Economic Cooperation summit in 2026, which would bring leaders from the 21-member group — including potentially US President-elect Donald Trump — to the world’s second-biggest economy.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim has arrived in Brazil, South America’s largest country, from Lima, Peru, for his official visit and to attend the Group of 20 (G20) Summit 2024, where Malaysia is a guest country.</p>


<p>Pasir Bedamar state assemblyman Woo Kah Leong has been elected DAP Socialist Youth (DAPSY) national chief for the 2024–2027 term.</p>


<p>A framework and strategy for blue economy is being developed at the Ministry of Economy and is expected to be completed by the end of 2025, said Economy Minister Rafizi Ramli.</p>


<p>Netflix said on Saturday that 60 million households worldwide had tuned in for the highly anticipated boxing match between Jake Paul and Mike Tyson, and the event peaked at 65 million streams, according to a statement.</p>


<p>UK inflation probably surged back above the Bank of England’s target in October, reinforcing the case for policymakers to act cautiously when cutting interest rates.</p>


UK inflation hiccup may buttress case for BOE caution

<p>President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy.</p>


Trump picks oil industry CEO Chris Wright as energy secretary

<p>Australia Prime Minister Anthony Albanese said his relationship with US President-elect Donald Trump has had a "very good beginning", elaborating on a phone call between the pair after the Republican's US election win.</p>


<p>Kelantan's Gross Domestic Product (GDP) grew by 2.6% to RM27.6 billion in 2023 compared to RM26.9 billion the previous year, said Menteri Besar Datuk Mohd Nassuruddin Daud.</p>


<p>The National Energy Awards (NEA), which aims to recognise the achievements and best practices of sustainable energy industry players in Malaysia, will be open for submission from Monday (Nov 18) until Feb 19 next year.</p>


<p>Iran's Foreign Minister Abbas Araqchi on Saturday strongly denied a reported meeting between Tehran's United Nations envoy and US billionaire Elon Musk, in an interview with state TV.</p>
