<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 22): Construction outfit TRC Synergy Bhd has secured a RM23.8 million contract from the Department of Irrigation and Drainage (DID) to design and build a flood mitigation dam in Gombak, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday, TRC Synergy said its wholly-owned subsidiary Trans Resources Corp Sdn Bhd had on Thursday received the letter of acceptance from the department.</p></div>

<div class=newsTextDataWrapInner><p>“Barring unforeseen circumstances, the board is of the opinion that the project will contribute positively to the group's earnings and earnings per share in the future,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>No further details of the contract were disclosed.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended Sept 30, 2023 (3QFY2023), TRC Synergy posted a 94.9% rise in net profit to RM5.88 million from RM3.02 million a year earlier on the back of higher other income — which included a fair value gain on investment property and gain on disposal of property, plant and equipment amounting to RM2.5 million and RM2.21 million respectively.</p></div>

<div class=newsTextDataWrapInner><p>Quarterly revenue was up 5.2% to RM144.89 million from RM137.77 million in 3QFY2022.</p></div>

<div class=newsTextDataWrapInner><p>Shares in TRC Synergy ended unchanged at 35.5 sen on Friday, valuing the group at RM170.58 million.<br />
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Construction outfit TRC Synergy Bhd has secured a RM23.8 million contract from the Department of Irrigation and Drainage (DID) to design and build a flood mitigation dam in Gombak, Selangor.

TRC Synergy bags RM24 mil flood mitigation dam construction job

OM Holdings Ltd’s (KL:OMH) near-term outlook appears cloudy as metal prices soften, while market uncertainties dampen demand for its manganese ore and ferroalloys, said BIMB Securities.

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Maybank Investment Bank has warned Asean investors of potential economic turbulence and a surge in trade tensions, amid anticipation of more import tariff hikes if Donald Trump wins a second term as the US president.

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The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12 to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.

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(Nov 5): Standard Chartered Plc is going to use Wise Plc’s payments platform to offer multi-currency money transfers in Asia and the Middle East.

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US equity funds saw substantial outflows in the week to Oct 30 as investors exercised caution ahead of Tuesday's presidential election and a Federal Reserve policy decision on Wednesday.

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(Nov 5): China’s top legislative body reviewed a proposal to move some off-balance-sheet debt of local governments to their official accounts, paving the way for the first mid-year increase in the borrowing limit since 2015.

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(Nov 5): Foreign investors are souring on India’s stock market, selling a record amount of shares amid signs the South Asian nation’s post-pandemic economic boom is losing steam.

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New Zealand's central bank painted a bleak economic picture on Tuesday, citing rising unemployment and delayed business investment plans due to financial hardships.

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Stock markets moved sideways and an uneasy calm settled over currencies and bonds, as investors waited for the US to choose a new leader on Tuesday, with polls showing the contest on a knife edge.

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<p>The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12&nbsp;to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.</p>


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<p>Several industrial firms in China are eyeing investment opportunities in Labuan, particularly within the island's financial and development sectors.&nbsp;</p>

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<p>A late season tropical storm predicted to intensify into a category 2 hurricane in the US&nbsp;Gulf of Mexico this week could reduce US&nbsp;oil production by about four million barrels, researchers said.</p>


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<p>ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

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<p>A security fence rings a Las Vegas building where Nevada tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. Governors of at least three states have called for National Guard troops to help maintain the peace.</p>


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<p>In the world of sports, football is a mean business and is not for the faint-hearted. In Sir Jim Ratcliffe, Britain’s fourth richest man, and co-owner of Manchester United Football Club, you have someone who means business.</p>

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<p>KPMG will lay off&nbsp;4%, or about 330 people, of its audit workforce in the US, a source familiar with the matter said on Monday.</p>

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<p>Melaka plans to set up a consortium to develop idle farming land for paddy farming to increase its paddy production, said State Rural Development, Agriculture and Food Security Committee chairman Datuk Dr Muhamad Akmal Saleh.</p>


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<p>CapitaLand Investment (CLI) announced on Tuesday that it had secured S$261 million (RM865.14 million) capital commitment from a new Japanese capital partner, Mitsui OSK&nbsp;Lines, for its Southeast Asia and India private funds.</p>


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<p>North Korea fired an unidentified ballistic missile towards the sea east of the Korean Peninsula, South Korea's Joint Chiefs of Staff said on Tuesday.</p>


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<p>(Nov 5):&nbsp;Standard Chartered Plc is going to use Wise Plc’s payments platform to offer multi-currency money transfers in Asia and the Middle East.</p>
