<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 18): ITMAX System Bhd's (ITMAX) subsidiary has secured a contract entailing the provision of video surveillance services for the Johor Bahru City Council (MBJB) worth RM105.32 million for a 15-year period.</p></div>

<div class=newsTextDataWrapInner><p>In a local bourse filing on Monday, the group, which debuted on the Main Market of Bursa Malaysia in December 2022, highlighted that the contract will commence from September 2023 to September 2038.</p></div>

<div class=newsTextDataWrapInner><p>According to the group, the contract, which includes a smart command centre and a closed circuit camera system with artificial intelligence features on a service subscription basis, was awarded by MBJB to its 65%-owned subsidiary, Southmax Sdn Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively towards its earnings and net assets per share,” it said.</p></div>

<div class=newsTextDataWrapInner><p>At noon break, shares in ITMAX ended five sen or 3.52% higher to RM1.47, valuing the smart city integrated system and solutions provider at RM1.51 billion.&nbsp;</p></div>


ITMAX System Bhd's (ITMAX) subsidiary has secured a contract entailing the provision of video surveillance services for the Johor Bahru City Council (MBJB) worth RM105.32 million for a 15-year period.

ITMAX subsidiary bags 15-year video surveillance job worth RM105 mil from MBJB

BOSTON/NEW YORK (Oct 7): The US Securities and Exchange Commission (SEC) said on Wednesday that it will not charge top asset managers over their actions with a climate group ahead of ExxonMobil's 2021 shareholder meeting.

US SEC will not charge top funds over climate concerns but warns of disclosure obligations

KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.

Lim Seong Hai Capital opens higher on Main Market following listing transfer

SYDNEY (Oct 8): Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.

Asia shares subdued, bonds swamped by AI debt wave

SEOUL (Oct 8): Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.

Samsung flags US$80 bil profit on AI boom, highest quarterly for any tech company

In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.

We have to thank the bond markets for telling the truth: Tharman

YOUR DAY AHEAD: Oct 8, 2026

No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.

Penang state land auction draws a blank, sources say

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 8, 2026 

India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

RBI signals further rate hikes as price pressures intensify

Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

Oil edges higher on Iran strike options report and storm impact

<p>Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.</p>


Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

<p>Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).</p>


Govt still has to bear RM20.1b 1MDB burden if no further funds recovered — MOF

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


Yinson, Northern Solar, Aemulus, Datasonic, CIMB, AMMB, PJBumi, MMM Group

<p>No bidders turned up at an auction for a six-acre land that the Penang state government intends to sell to raise funds for the long-delayed Ayer Itam road bypass project.</p>


<p>British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.</p>


UK 30-year gilt yields hit 28-year high in global sell-off

<p>The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not&nbsp;result&nbsp;in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).</p>


TNB's additional tax claim not passed on to consumers via tariffs, says MOF

<p>In recent times, it is not politicians, but bond vigilantes, who hold the most power over the global economy. In 2022, then-newly minted UK Prime Minister Liz Truss presided over a meltdown in the UK government bond market after her government announced sweeping tax cuts without any corresponding spending adjustments.</p>


<p>SYDNEY (Oct 8): Asian shares slipped on Thursday as strains in sovereign bond markets were aggravated by reports some major tech companies were seeking to raise billions in debt in direct competition for limited funding.</p>


<p>The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.</p>


Nasdaq, S&P 500 slip from record highs as yields and oil rebound

<p>The Ministry of Finance (MOF) is finalising&nbsp;a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.</p>


MOF finalising proposed law to strengthen governance of govt-owned companies

<p>The government is reviewing a formal agreement with Dapat Vista Sdn Bhd, the company that operates the eJamin system for online payment of court bail, before submitting it to the Cabinet soon.</p>


eJamin: Govt reviewing formal agreement with Dapat Vista before presenting it to Cabinet

<p>Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.</p>


<p>The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.</p>


Canada's Weston family buys UK pharmacy chain Boots for US$8.9 bil

<p>Here's a heads up on what to look out for today.</p>


<p>A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.</p>


US stocks fall from all-time highs on inflation worry

<p>It’s telling that among the first casualties of David Ellison’s takeover of Warner Bros&nbsp;Discovery Inc&nbsp;were Michael De Luca and Pamela Abdy, the studio executives known for spending freely on auteur-driven films like last year’s best-picture winner, <em>One Battle After Another</em>.</p>


Ellison’s new Skydance seeks to wring more profits from movies

<p>The Sarawak State Legislative Assembly is expected to be dissolved in November or two weeks after the state's budget for 2027 is passed.</p>


Sarawak state assembly could be dissolved in November, says Abdul Karim

<p>SEOUL (Oct 8): Samsung Electronics on Thursday projected its quarterly profit would top 100 trillion won, a world first for a technology company, estimating a nearly nine-fold jump in third-quarter earnings as booming demand for AI chips drove strong memory sales.</p>


<p>India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.&nbsp;</p>


<p>KUALA LUMPUR (Oct 8): Lim Seong Hai Capital Bhd (KL:LSH) opened higher in its first day on the Main Market following the construction firm’s transfer from ACE Market.&nbsp;</p>
