<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): Ecoscience International Bhd, which debuted on Bursa Malaysia's ACE Market last month, has bagged a RM24.04 million contract for the construction of a palm oil refinery complex in Sulawesi, Indonesia. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The palm oil refinery complex will consist a 300-tonne-per-day (tpd) physical refining plant, 300-tpd dry fractionation plant and bottling plant for Palopo Industrial Park at Sulawesi.</p></div>

<div class=newsTextDataWrapInner><p>The Johor-based palm oil milling services provider said in a Bursa’s filing that its wholly owned subsidiary Ecoscience Manufacturing &amp; Engineering Sdn Bhd has accepted a letter of award issued by PT Wijaya Inti Nusantara Sawit (PWINS) for the design, supply and fabricate works for the construction of the palm oil refinery complex.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Ecoscience said commencement of the works shall be subject to the receipt of down payment from PWINS, which will be notified by PWINS in writing at a later stage.</p></div>

<div class=newsTextDataWrapInner><p>The group expects this contract to contribute positively to its earnings and net assets.</p></div>

<div class=newsTextDataWrapInner><p>At Friday (Aug 25)’s closing bell, Ecoscience closed 1.5 sen or 3.57% higher to 43.5 sen — up 45% from its initial offering price of 30 sen — giving the group a market capitalisation of RM148 million.</p></div>


Ecoscience International Bhd, which debuted on Bursa Malaysia's ACE Market last month, has bagged a RM24.04 million contract for the construction of a palm oil refinery complex in Sulawesi, Indonesia.

Ecoscience International bags RM24 mil contract to build palm oil refinery complex in Indonesia

(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.

“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

US debt load tops Fed’s survey of financial stability risks

Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.

Modi's BJP wins richest state of India in elections; opposition retains mineral-rich region

Nato secretary general Mark Rutte met US President-elect Donald Trump in Florida as Europe waits apprehensively to see how the next administration will approach the war in Ukraine.

Nato’s Rutte meets Trump in Florida amid fears over Ukraine aid

There is still no evidence to show that the pollution at Pantai Esen in Permatang Damar Laut, Batu Maung near here is due to reclamation works for the man-made Silicon Island.

No evidence Pantai Esen pollution due to Silicon Island reclamation works — exco

China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.

Huawei aims 100,000 apps on Harmony OS in six to 12 months

Prime Minister Datuk Seri Anwar Ibrahim reaffirmed the Madani government's commitment to prioritising the welfare of the people across all states, including those led by the opposition, by steadily increasing their allocations.

Govt committed to raising allocations to all states — PM

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper reported on Saturday.

Seven & i founding family sounded out KKR, others about buyout — Nikkei

The European Union (EU), US and other wealthy countries at the COP29 climate summit have agreed to raise their offer of a global finance target to US$300 billion (RM1.34 trillion) per year by 2035, sources told Reuters on Saturday.

Wealthy countries back raising COP29 climate deal to US$300b, Reuters reports

The Selangor State Development Corporation (PKNS) is set to launch about 12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.

PKNS to launch property projects with RM1.5b GDV in 2025

The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.

Increased assistance provided to M'sians under Madani govt, says Anwar

<p>The Ministry of Transport has proposed the establishment of a dedicated logistics hub in Nilai or Enstek, Negeri Sembilan, to further bolster Malaysia’s logistics sector.</p>


Loke proposes new logistics hub in Nilai or Enstek

<p>Philippine Vice President Sara Duterte said on Saturday she would have President Ferdinand Marcos Jr assassinated if she herself were killed, prompting Marcos' office to vow "immediate proper action".</p>


In widening rift, Sara Duterte says she would have Marcos assassinated if she is killed

<p>The Selangor State Development Corporation&nbsp;(PKNS) is set to launch about&nbsp;12 projects with a gross development value (GDV) of RM1.5 billion in 2025, reflecting its commitment to advancing Selangor’s property market, said group chief executive officer Datuk Mahmud Abbas.</p>


<p>The founding family of Japan's&nbsp;Seven&nbsp;&amp; i Holdings has approached KKR &amp; Co and other investment firms about participating in the potential buyout of the retailer, the <em>Nikkei </em>newspaper reported on Saturday.</p>


<p>Bitcoin touched a record high on Friday, with its sights set firmly on the US$100,000 (RM446,800) barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a&nbsp;Donald Trump&nbsp;administration.</p>


Bitcoin at record highs, sets sights on US$100,000

<p>China's Huawei, blacklisted by the US, said on Saturday it is targeting 100,000 applications for its Harmony operating system (OS) in coming months as it seeks widespread help to achieve self-reliance.</p>


<p>The Madani government remains focused on initiatives to develop the country, and will not entertain "trivial"&nbsp;statements that do not contribute to such efforts, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Govt to disregard 'trivial' statements as it focuses on development — PM

<p>Nvidia&nbsp;chief executive officer Jensen Huang said on Saturday that global collaboration and cooperation in technology will continue, even if the incoming US&nbsp;administration imposes stricter export controls on advanced computing products.</p>


Nvidia CEO says global cooperation in tech will continue under Trump administration

<p>The assistance provided to the people, including the Sumbangan Tunai Rahmah (STR) cash aid, has increased during the first two years of the Madani government's administration, according to Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>The Adani Group will respond to bribery allegations levelled by the US after a detailed legal review and once it has secured approvals from its counsel to speak on sub-judice issues.&nbsp;</p>


Adani to respond to US bribery allegations after legal review

<p>Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) and its ally&nbsp;scored a landslide victory in Maharashtra, the country's richest state, while the opposition bloc performed strongly in Jharkhand, a mineral-rich region.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim is scheduled to officiate the Two Years of Madani Government (2TM) Programme and the 2024 National Convention on Public Service Reform in the Kuala Lumpur Convention Centre on Saturday.</p>


PM to officiate 'two years of Madani govt' programme, national convention on public service reform on Saturday

<p>The government is committed to ensuring that the implementation of Madani economic reforms&nbsp;has minimal or no impact on the people in general, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Malaysians won't be burdened by economic reforms, says Anwar

<p>There is still no evidence to show that the pollution at Pantai Esen in&nbsp;Permatang Damar Laut, Batu Maung&nbsp;near here is due to reclamation works for the man-made Silicon Island.</p>


<p>Lattice Semiconductor Corp&nbsp;is considering making an offer for all of Intel Corp’s Altera, people familiar with the matter said, in a twist that could complicate the chip giant’s plans to sell a minority stake in the unit.&nbsp;</p>


Lattice Semiconductor mulling offer for Intel’s Altera unit, Bloomberg reports

<p>President-elect&nbsp;Donald Trump&nbsp;may have campaigned hard against high inflation, but by the time of his Nov&nbsp;5&nbsp;election victory&nbsp;financial professionals had moved on from rising prices and begun worrying about rising US&nbsp;debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve (Fed) survey released on Friday.</p>


Fed survey finds inflation fading as a risk next to debt, trade wars

<p>(Nov 23): The US government’s debt load is now seen as the biggest risk to financial stability, outweighing persistent inflation in a Federal Reserve survey.</p>

<p>“Concerns surrounding US fiscal debt sustainability were atop the list this survey, followed by escalating tensions in the Middle...

<p>As of the end of October, Malaysia’s 5G coverage in populated areas had reached 82.1%, up from 80.2% last year, while internet coverage in populated areas stood at 98.38%, compared with&nbsp;97.07% in 2023.</p>


Malaysia's 5G coverage hit 82.1%, internet access near 100% at end-October — ministry

<p>The health of the US&nbsp;consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.</p>


Black Friday puts consumer spending in market's glare with stocks near records

<p>Saudi Arabia’s sovereign rating was upgraded by Moody’s Ratings for the first time since the company first assessed the kingdom in 2016.</p>

<p>The rating&nbsp;company took the kingdom’s creditworthiness up a notch to Aa3, its fourth-highest grade, according to a statement on Friday. The Moody’s rating is now above those of Fitch Ratings and S&amp;P Global Ratings.&nbsp;</p>
