<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

Vietnamese Prime Minister Pham Minh Chinh instructed the investment ministry and other authorities to work on development scenarios and measures that will enable the country to attain “double-digit” growth in gross domestic product next year.

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Shell has shut down one of its oil processing units at the Shell Energy and Chemicals Park on Singapore’s Pulau Bukom to facilitate an investigation into a suspected leak in the system.

Shell shuts down oil processing unit at Singapore's Pulau Bukom to probe leak

A Norwegian shipping company on Friday rejected an accusation from Dmitry Medvedev, deputy chairman of Russia's Security Council, that it refused to rescue sailors from a sinking Russian cargo ship in the Mediterranean Sea.

Norwegian shipping firm denies Moscow's claim it refused to help sinking Russian ship

OpenAI, founded a decade ago as a research organisation, is considering a change to the AI company’s structure that would create a more conventional money-making corporation alongside a non-profit arm.

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Over 330 initial public offerings (IPOs), US$20 billion (RM89.34 billion) of proceeds and more than US$160 billion addition in country’s market value, sums up a bumper year for India that is set to further strengthen its position among top global destinations for capital raising.

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Chinese national Huang YongKang has emerged as Asia Poly Holdings Bhd's (KL:ASIAPLY) second biggest shareholder after taking up the entire 95.85 million shares issued under a private placement. 

The shares represent a 9.09% stake in the Klang-based cast acrylic sheets manufacturer.

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German President Frank-Walter Steinmeier dissolved parliament and set the country’s snap election for Feb 23, formally endorsing a timetable proposed by Chancellor Olaf Scholz.

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One week after the Dec 4 murder of UnitedHealth Group Inc executive Brian Thompson, Americans were able to bet on the fate of his alleged killer. Some people, including financial regulators, may have a problem with that.

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Nato said on Friday it will boost its presence in the Baltic Sea after the suspected sabotage this week of an undersea power cable and four internet lines, while alliance member Estonia launched a naval operation to guard a parallel electricity link.

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San Francisco is projecting a US$876 million (RM3.9 billion) budget shortfall over the next two fiscal years, prompting Mayor London Breed to instruct city departments to plan for 15% across-the-board spending cuts.

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<p>The Securities Commission Malaysia (SC) has ordered Bybit Technology Ltd to disable its website and mobile applications in the country as part of enforcement actions against the cryptocurrency exchange.</p>


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<p>Shares of Tenaga Nasional Bhd (KL:TENAGA) rose on Friday to their new record high as analysts flagged potential earnings upside from implementation of Regulatory Period 4 (RP4).</p>


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<p>Shares of MyMBN Bhd (KL:MBN) fell on Friday to their lowest since listing 17 months ago, and below the initial public offering price, after the Malaysian government temporarily suspended bird's nest exports to China.</p>


MyMBN shares slip to lowest on record after govt suspends bird's nest export to China

<p>Khazanah Nasional Bhd announced on Friday that it has invested in private equity Cambrian Fund and California-based artificial intelligence (AI) firm Syntiant Corp.</p>

<p>In a statement, the sovereign wealth fund said the investment was made through its RM1 billion Dana Impak fund, which aims to drive greater growth and innovation in Industrial Revolution 4.0 (IR4) technologies and capacity development, and boost research and development (R&amp;D) in AI and semiconductor technologies.</p>


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<p>The proposed adjustment in Peninsular Malaysia’s base electricity tariff under the Regulatory Period 2025-2027 (RP4) is mainly a “rebasing exercise” to reflect higher fuel costs assumption, said Tenaga Nasional Bhd (KL:TENAGA).</p>


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<p>The government will not allow increases in electricity tariffs that would burden the majority of the public, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>A less-than-perfect debut for the new season of Netflix Inc’s blockbuster series Squid Game sent shares of related South Korean companies sharply lower Friday.</p>


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<p>South Korea's parliament impeached acting President Han Duck-soo on Friday over a short-lived martial law, plunging the country deeper into political chaos, as the Constitutional Court said it would swiftly trial suspended President Yoon Suk Yeol.</p>


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<p>PUC Bhd’s (KL:PUC) photography associate Pictureworks International Holdings Ltd has filed for a listing on Nasdaq in the US.</p>

<p>The initial public offering (IPO) of its 27.53%-owned associate has been registered with the US Securities and Exchange Commission though the terms such as pricing, number of shares to be offered, and timetable for the public offering were not disclosed.</p>


PUC’s associate Pictureworks files for IPO on Nasdaq in US

<p>PAS'&nbsp;move to 'politicise' the recent Christmas celebration&nbsp;at the Ministry of Housing and Local Government was&nbsp;disrespectful to the rights of Malaysia’s multiracial and multi-religious society, according to three DAP leaders.</p>


DAP leaders criticise PAS for 'politicising' Christmas celebration

<p>Chinese workers at a construction site in Brazil for a factory owned by China's electric vehicle producer BYD are victims of human trafficking, Brazilian labour authorities said on Thursday in a growing controversy in BYD's biggest overseas market.</p>


Brazil says workers at China's BYD site are victims of human trafficking

<p>On Nov 20, the Kuala Terengganu Shariah High Court handed down the sentence of six lashes in public for repeated offences of <em>khalwat </em>(close proximity) against a carpenter named Mohd Affendi Awan.</p>


Shariah whipping in public — does it exceed the Shariah Courts’ jurisdiction?

<p>The Inland Revenue Board (IRB) has received 114 million e-invoices from 9,000 taxpayers as of Thursday.</p>

<p>IRB corporate services department director Noraini Mustafa said that the response has been very encouraging, particularly in Phase 1, with some companies originally scheduled for Phases 2 and 3 voluntarily participating earlier than required.</p>


IRB says 114 million e-invoices received as of Dec 26

<p>Crescendo Corporation Bhd (KL:CRESNDO) reported a more than fivefold increase in net profit for its third quarter, driven by data centre land sales in Nusa Cemerlang Industrial Park (NCIP) in Iskandar Puteri, Johor.</p>


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<p>No decision has been made regarding electricity tariff hikes in Peninsular Malaysia as of now, said Deputy Prime Minister Datuk Seri Fadillah Yusof.</p>


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<p>The Human Rights Commission of Malaysia (Suhakam) expresses its deep concern over the decision of the Terengganu Shariah Court in the case of Mohd Affendi Awang, a 42-year-old carpenter, who was sentenced to six lashes in public, after being convicted of repeated khalwat (close proximity) offences under Section 31(a) of the Shariah Criminal Offences (Takzir) (Terengganu) Enactment 2022. This punishment undermines human rights, dignity, and the rule of law. The commission takes note that whipping under shariah laws is different from civil law. Be that as it may, the sentence not only constitutes cruel, inhuman, and degrading treatment, but also raises serious questions regarding the legality of public whipping under the Federal Constitution and federal law.</p>


Public whipping in Terengganu: A violation of human rights and rule of law

<p>A man was whipped at a mosque in Terengganu on Friday for the Islamic crime of close proximity with a non-family member of the opposite sex, local media reported, in a rare public sentencing.</p>


Man publicly whipped in Terengganu for Islamic crime of close proximity

<p>Malaysia's Foreign Ministry through the Embassy of Malaysia in Stockholm, is in constant communication with the Norwegian authorities to gather more information regarding a bus accident near Lake Åsvatnet on Dec 26 which reportedly involved passengers from several countries including Malaysia.</p>


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<p>Cocoaland Holdings Bhd co-founder Lau Pak Lam has ceased to be a substantial shareholder in PUC Bhd (KL:PUC) after disposing of 100 million shares or a 3.6% stake in the digital payment solutions provider via a direct business transaction on Dec 23.</p>


PUC changes substantial shareholders

<p>Penang, Johor, Selangor, Sarawak, and Kuala Lumpur dominated Malaysia’s exports, accounting for 83.8% of the total in November, said the Department of Statistics Malaysia (DOSM).</p>
