<div class=newsTextDataWrapInner>KUALA LUMPUR (Jan 2): Technology services provider Heitech Padu Bhd has secured a RM58.88 million contract to provide Next Generation Network services for the Inland Revenue Board (LHDN).</div>

<div class=newsTextDataWrapInner>In a bourse filing on Tuesday, Heitech Padu said it had accepted and signed the letter of acceptance (LOA) from LHDN on Dec 29.</div>

<div class=newsTextDataWrapInner>The group said the contract will be from Jan 1, 2024 to June 30, 2027, spanning three years and six months.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Heitech Padu shares closed one sen or 1.14% higher at 89 sen on Tuesday, giving the group a market capitalisation of RM90.09 million.</div>

Technology services provider Heitech Padu Bhd has secured a RM58.88 million contract to provide Next Generation Network services for the Inland Revenue Board (LHDN).

Heitech Padu secures RM58.88m network services contract from IRB

(May 10): Goldman Sachs Group Inc. led major investment banks posting higher profits in Japan as bond trading boomed, offering a cushion last year in an otherwise tough environment globally.

Net income at the Wall Street firm’s local securities arm rose by a quarter last year to 39.2 bi...

Goldman tops investment banks reaping windfall in Tokyo trading

PARIS (May 10): A man shot and wounded two police officers in Paris after he got hold of one of the officer's weapons while he was being held at a police station, AFP and BFM TV reported on Thursday.

The incident occurred on Thursday evening at a police station in Paris' 13th district. ...

Man shoots and wounds two police officers in Paris, French media reports

(May 10): Zeekr Intelligent Technology Holding Ltd., the high-end electric car brand under Zhejiang Geely Holding Group Co., sold shares in an expanded initial public offering at the top of a marketed range to fetch about US$441 million, according to people familiar with the matter.

In ...

Geely’s EV maker Zeekr said to raise US$441 million in US IPO

(May 10): Apple Inc. issued a rare apology for an advertisement touting its latest iPad Pro that upset many creatives and other customers. The company also said it won’t air the ad on television as planned.

The ad, which depicted musical instruments, TVs, paint cans and other creative t...

Apple apologizes for iPad Pro ad, scraps plan to air it on TV

(May 10): The Biden administration intends to require hospitals to meet minimum cybersecurity standards after a single hack exposed the data of 100 million Americans.

“We look to putting in place minimum cybersecurity standards for hospitals in the near term,” Anne Neuberger, deputy nat...

White House to push cybersecurity standards on hospitals

(May 10): The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major U.S. indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.

U.S. Federal Reserve policy has been the main dr...

Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

NEW YORK/LONDON (May 10): World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.

The pan-European STOXX ...

Stocks rally as European shares scale new highs, dollar slips

ATHENS (May 10): Olympiakos Piraeus striker Ayoub El Kaabi netted twice as the Greek side cruised into a Europa Conference League final against Fiorentina thanks to a 2-0 home win over Aston Villa on Thursday that gave them a 6-2 victory on aggregate.

Villa started well but El Kaabi, wh...

Olympiakos ease past Villa to reach Europa Conference League final

NEW YORK (May 10): Donald Trump's lawyer sought to show inconsistencies in porn star Stormy Daniels' various tellings of a 2006 sexual encounter she has said she had with Trump, part of an effort on Thursday to undermine her credibility as a witness in the first criminal trial of a sitting or for...

Trump lawyer questions Stormy Daniels' account of sex with Trump

LONDON (May 10): British opposition leader Keir Starmer will say on Friday a Labour government would hire hundreds of enforcement officials and use counter-terrorism powers to target people-smuggling gangs to stop asylum seekers arriving in England on small boats.

The issue of illegal m...

UK opposition leader sets out plans to tackle small boats crossings

MCE Holdings Bhd said Brahmal Vasudevan has emerged as a substantial shareholder with a 5.02% indirect stake in the automotive parts and accessories manufacturer.

Brahmal held 6.2 million shares in MCE via Creador Conscienta Ltd, who raised its stake beyond 5% following the acquisition of 100,000 shares earlier on Thursday.

Creador’s Brahmal emerges as substantial shareholder of MCE Holdings

NEW DELHI (May 9): Malaysia's former health minister Khairy Jamaluddin Abu Bakar has been named a member of India-based Fischer Medical Ventures Ltd's board.

The company, formerly known as Fischer Chemic Ltd, announced his appointment as additional director in the capacity of independen...

Khairy Jamaluddin named member of India-based company's board

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd’s (KL:GTRONIC) net profit jumped 73.42% year-on-year for its first quarter ended March 31, 2024 (1QFY2024), thanks to a foreign exchange (forex) gain and higher interest income.

Globetronics reports 73% jump in 1Q profit on forex gain, higher interest income 

KUALA LUMPUR (May 9): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Salcon Bhd (KL:SALCON) said Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, has been awarded a job by Rantau Urusan (M)...

Salcon, Supermax, MAHB, Pentamaster, Solarvest, Scientex, Globetronics, Mr DIY, MCE, Kerjaya Prospek, MAA, KNM and Annum

Property developer Kerjaya Prospek Property Bhd (KL:KPPROP) will jointly develop a piece of freehold land in Aspen Vision City, Batu Kawan, Penang into a mixed development that will include a hotel and serviced apartments.

Kerjaya Prospek Property to jointly develop Penang plot with Aspen group

KUALA LUMPUR (May 9): The management of SRC International Sdn Bhd (SRC), specifically the company’s former chief executive officer Nik Faisal Ariff Kamil, had not complied with the directions of the board to repatriate RM3.6 billion which it had transferred to an overseas bank for a purported investment, the High Court was told here on Thursday.

SRC management did not comply with board’s instruction to repatriate RM3.6b KWAP loan

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Semiconductor services firm Pentamaster Corporation Bhd [KL:PENTA] reported an 8.92% year-on-year (y-o-y) decline in its net profit for the first quarter of 2024 (1QFY2024) as slightly higher revenue was impacted by lower other income and share of loss of associates.

Pentamaster’s 1Q earnings fell 8.9% amid lower contributions from automated test equipment

The continued uncertainties over China's economic growth prospects and the recent geopolitical crisis have increased US dollar demand as a safe-haven asset, said Bank Negara Malaysia (BNM) deputy governor Adnan Zaylani Mohamad Zahid.

“Much has been made of the performance of the ringgit against the US dollar. Unfortunately, many see and use this as an indicator or barometer of how we are doing.

Ringgit has been unfortunately, unfairly assessed against US dollar — BNM deputy governor

The number of Americans filing new claims for unemployment benefits rose last week to the highest level in more than eight months, further evidence that the labour market was cooling.

US weekly jobless claims highest in more than eight months

SINGAPORE (May 9): Wilmar International Ltd has secured a US$100 million (S$135.7 million) sustainability-linked loan from Malayan Banking Bhd (KL:MAYBANK).

Wilmar secures US$100m sustainability-linked loan from Maybank

Republican presidential candidate Donald Trump vowed to reverse dozens of the Biden administration's environmental rules and policies at a meeting with top US oil executives, where he also asked them to raise US$1 billion (RM4.74 billion) for his presidential campaign, the Washington Post reported on Thursday.

Trump vows to target EVs, LNG exports in meeting with oil CEOs — report

Bank Negara Malaysia (BNM) did not surprise the market by keeping the overnight policy rate (OPR) at 3%.

Economists, in general, do not see any valid reason for BNM to either raise or cut the benchmark interest rate for the rest of 2024 despite contrasting regional monetary policy moves thus far. &nbsp;

No reason for BNM to move OPR either way till year-end, economists argue

KUALA LUMPUR (May 9): The&nbsp;East Coast&nbsp;Rail Link (ECRL) project has started its system installation works, marking the final phase of construction works before entering the testing and&nbsp;commissioning stage.

ECRL project contractor commences system installation works

MAA Group Bhd (KL:MAA), a substantial shareholder of KNM Group Bhd (KL:KNM), has extended a RM13.5 million loan to address the working capital requirements of the Practice Note 17 (PN17) company.

The loan, bearing an interest rate of 12% per annum, was provided to KNM's wholly-owned subsidiary, KNM Process Systems Sdn Bhd (KNM PS) on May 8.

MAA loans RM13.5 mil to KNM for working capital

China Eastern Airlines has announced the launch of a daily passenger flight service starting June 30, connecting Nanjing, capital of east China's Jiangsu Province, with Kuala Lumpur, capital of Malaysia, reported Xinhua.

New passenger air route to link Nanjing and Kuala Lumpur

China's largest contract chipmaker SMIC reported a first-quarter revenue rise of 19.7% on Thursday, as its global customers rebuilt their inventories.

Chinese chipmaker SMIC says revenue up 20% as clients restock

Farm Price Holdings Bhd, which will be listed on the ACE Market next Tuesday (May 14), announced net profit of RM2.67 million on revenue of RM30.71 million for the first quarter ended March 31, 2024 (1QFY2024).

Vegetable wholesaler Farm Price posts RM2.67 mil net profit in 1QFY2024 ahead of listing

The graph of people's support for Pakatan Harapan (PH) candidate shows an encouraging uptrend from the results of the face-to-face campaign conducted by the party machinery ahead of the last days of the Kuala Kubu Baharu state by-election campaign.

KKB by-electon: Graph of voter support for PH candidate rising, encouraging — Amirudin

Bank Negara Malaysia (BNM) has been working to pilot a fast-track pre-approval framework for corporates who bring back foreign currency funds and convert to ringgit, to enable them to re-invest abroad when the time comes, according to deputy governor Adnan Zaylani.