<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 19): Epicon Bhd's (formerly known as Konsortium Transnasional Bhd) wholly-owned subsidiary Transnasional Builder Sdn Bhd (TBSB) has secured a structural works contract for a sum of RM34.5 million.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Tuesday, the group said TBSB received the letter of award from Wonson Construction Sdn Bhd for the execution and completion of structural works for a residential apartment in Pantai Dalam, Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The contract is expected to commence in September and be completed by August 2024.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively to the earnings of the company for the financial years ending December 31, 2023 (FY23) and onwards,” it said.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Epicon settled unchanged at 21 sen, giving it a market capitalisation of RM124.91 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


Epicon Bhd's (formerly known as Konsortium Transnasional Bhd) wholly-owned subsidiary Transnasional Builder Sdn Bhd (TBSB) has secured a structural works contract for a sum of RM34.5 million.

Epicon's unit secures RM34.5 mil structural works contract 

MOSCOW (May 17): Ukraine mounted an unusually large wave of overnight drone attacks on Russia that killed two people in the Belgorod region and set fire to an oil refinery at Tuapse on the Black Sea, Russian officials said on Friday.

Big wave of Ukrainian drones kills two in Russia, causes refinery fire

Shares in S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its share rice has nearly doubled so far this year.

S P Setia soars to near six-year high as analysts bet on extended rally

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has urged the government to conduct a comprehensive probe into the issue of lack of doctors in several government hospitals.

Cuepacs urges govt to take medical practitioners' grouses seriously

Tan Sri Mokhzani Mahathir is to step down as non-executive chairman of Maxis Bhd, (KL:MAXIS) effective June 30, 2024.

Mokhzani Mahathir to step down as Maxis chairman end-June

Banking institutions have been urged to be more aware of money transfers made by individuals to company accounts suspected to be mule accounts for investment scams.

Bukit Aman Commercial Crimes Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the police had discovered that investment scams involving company accounts being used as mule accounts to be on the rise, and advised banks to know their customers and of all banking transactions, as well as how transactions can be made.

Police urge banks to be aware of transfers made to suspected mule accounts

HONG KONG (May 17): Chinese electric vehicle (EV) maker Xpeng said on Friday that the new US tariffs on Chinese EVs are detrimental to achieving carbon neutrality and green energy transition.

Xpeng says US tariffs on Chinese EVs detrimental to meeting carbon neutrality

Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control, sending its shares to their highest in nearly three months.

Maxis posts 10% rise in 1Q net profit on higher service revenue, declares four sen dividend

KUALA LUMPUR (May 17): Sabah Chief Minister Datuk Seri Hajiji Noor emphasised that although the state government appealed against the Sabah Law Society’s (SLS) legal challenge regarding the 40% net revenue special grant, it has not compromised its official position to the entitlement.

Sabah will never compromise on right to 40% revenue, Hajiji stresses

Security control at police stations and areas with high-profile individuals including the palace will be fortified following the attack at the Ulu Tiram police station early Friday.

IGP says stepping up security at police stations, high-profile areas 

The Consulate General of Malaysia in Jeddah, Saudi Arabia urged all Malaysian nationals intending to perform haj this year to ensure they possess a valid haj visa or permit before embarking on their journey to the kingdom.

Malaysians urged to comply with haj visa regulations to avoid legal repercussions in Saudi Arabia

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>Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.</p>


Malaysia's 1Q GDP beats consensus estimates, grows 4.2% y-o-y

<p>The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.</p>


Suspect in Ulu Tiram police station attack believed to be member of Jemaah Islamiyah, says IGP

<p>Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.</p>

<p>State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.</p>


Two policemen killed in attack at Ulu Tiram police station

<p>Shares in S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its share rice has nearly doubled so far this year.</p>


<p>BWYS Group Bhd has signed an agreement with M&amp;A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.</p>


BWYS Group signs underwriting agreement with M&A Securities for ACE Market IPO

<p>Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).</p>


Econpile to ride on construction upcycle, says HLIB 

<p>PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibition and distribution segment, which houses Golden Screen Cinemas, over the next five years.</p>


PPB Group to invest RM327 mil in film segment over next five years

<p>Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.</p>


Hup Seng shares climb to near three-year high after 1Q profit surge

<p>theedgemalaysia.com highlighted three stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Friday. &nbsp;</p>


Datasonic, Fiamma, Wong Engineering, Oppstar, Southern Acid, DKSH, BIG Industries, SKP, Infraharta, Beshom, KYM

<p>KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated.</p>


Sarawak Cable says has found alternative white knight to Serendib

<p>KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.</p>


Malaysian Pacific Industries climbs to 15-month high on return to profit

<p>KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.</p>


Hong Leong Industries’ shares retest all-time high after profit jump

<p>(May 17):&nbsp;Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie.</p>


Petronas-discovered Suriname oil resources seen totalling 2.4 billion barrels

<p>Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.</p>


Poh Kong back on the radar, says Rakuten Trade 

<p>The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.</p>


IMF knocks Biden’s China tariffs as risk to US, world growth

<p>Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control, sending its shares to their highest in nearly three months.&nbsp;</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remaining shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) would be owned by a pro-Zionist company are baseless.</p>


Anwar: Opposition's claims that pro-Israel company will own MAHB shares only to incite hatred

<p>The Ministry of Transport (MOT) fully supports Khazanah Nasional Bhd and the Employee Provident Fund’s (EPF) move to privatise Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, as it will enable the implementation of strategic decisions more expeditiously, according to its minister Anthony Loke Siew Fook.</p>


MOT supports MAHB privatisation, to enable expeditious strategic decisions — Loke

<p>Prime Minister Datuk Seri Anwar Ibrahim wants firm action to be taken against anyone attempting to create chaos in Malaysia to the extent of causing deaths.</p>
