<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 5): Waja Konsortium Berhad has secured a contract worth RM279.15 million from TH Tebrau Land Sdn Bhd as the sub-contractor for a housing project in Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday, the construction group said its 51% majority-owned subsidiary Waja Build Tech Sdn Bhd had accepted the Letter of Award (LOA) from TH Tebrau Land to undertake management work for the second phase of the One49 Residence apartment project, comprising five blocks of service apartments totalling 2,260 units.</p></div>

<div class=newsTextDataWrapInner><p>The scope of works also includes substructure works, main building works, and the construction of a podium.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Notably, the contract size is slightly over three times its market capitalisation of RM89.52 million, based on its share price at the end of trading on Thursday when it closed unchanged at 8.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>The project is slated for completion in 2027, pending the finalisation of the contract commencement date.</p></div>


Waja Konsortium Berhad has secured a contract worth RM279.15 million from TH Tebrau Land Sdn Bhd as the sub-contractor for a housing project in Johor Bahru.

In a bourse filing on Thursday, the construction group said its 51% majority-owned subsidiary Waja Build Tech Sdn Bhd had accepted the Letter of Award (LOA) from TH Tebrau Land to undertake management work for the second phase of the One49 Residence apartment project, comprising five blocks of service apartments totalling 2,260 units.

Waja Konsortium gets contract worth RM279 mil, three times its market cap

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

China, Japan foreign ministers agree visit, security dialogue

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

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China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

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South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

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An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

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The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

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China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

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Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

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Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

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<p>The government has initiated an administrative (sunset) review of anti-dumping duties on imports of cold rolled coils of iron, or non-alloy steel, and of width more than 1,300mm, originating or exported from China, South Korea, Japan, and Vietnam.</p>


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<p>China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.</p>


<p>The King and Queen of Malaysia, Sultan Ibrahim Sultan Iskandar and Raja Zarith Sofiah, have extended their Christmas greetings to all Malaysians who are celebrating.</p>


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<p>Apple has asked to participate in Google's upcoming US antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser.</p>


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<p>Private equity firms KKR and Bain Capital each offered more than US$5 billion (RM22.44 billion) in first-round bids for the non-core assets of Japan's Seven &amp; i Holdings, according to people familiar with the matter.</p>


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<p>South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.</p>


<p>China approved a value-added tax (VAT) law on Wednesday to take effect on Jan 1, 2026, the official <em>Xinhua </em>said, bringing into one document previous regulations that have included exempting items from the tax.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.</p>


<p>An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.</p>


<p>Taiwan has rejected Uber Technologies Inc’s plan to acquire Delivery Hero SE’s Foodpanda local business for US$950 million (RM4.26 billion), the official <em>Central News Agency</em> reported.</p>


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<p>Bangladesh authorities are investigating Singaporean billionaire Saiful Alam Masud for alleged financial crimes, including money laundering, the Straits Times reported on Wednesday. He denied wrongdoing.</p>


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<p>RADIANT Globaltech Bhd (KL:RGTECH), an ACE Market-­listed technology firm, is in the midst of acquiring an 80% stake in Rymnet Solutions Sdn Bhd for RM52.5 million. This strategic acquisition is aimed at enhancing its existing IT solutions by integrating human resources (HR) management system mod...

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<p>President Joe Biden signed 50 bills into law on Tuesday that include making the bald eagle the country's official bird and one that stops members of Congress from collecting their pensions if convicted of crimes.</p>


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<p>Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.</p>


<p>A leading indicator of Japan's service-sector inflation rose to 3.0% in November, accelerating for a second straight month, data showed on Wednesday, backing up the central bank's view that rising wages are prodding more firms to pass on higher costs.</p>


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<p>Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.</p>


<p>China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.</p>


<p>Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his view that the bank needs to carefully watch various risks without signalling the likelihood of an interest rate hike next month.</p>
