<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 4): Dayang Enterprise Holdings Bhd has secured a contract from Petronas Carigali Sdn Bhd for the provision of rectification works for asset integrity findings in relation to a package involving Sarawak Oil Asset.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday, Dayang said the value of the contract will be based on work orders to be issued by Petronas Carigali throughout the contract duration</p></div>

<div class=newsTextDataWrapInner><p>The contract is valid for three years starting from Dec 15, 2023. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Dayang said the contract is expected to contribute to the group's earnings throughout the three years.</p></div>

<div class=newsTextDataWrapInner><p>Dayang’s share price closed up four sen or 2.44% at RM1.68, bringing the group a market capitalisation of RM1.95 billion.</p></div>


Dayang Enterprise Holdings Bhd has secured a contract from Petronas Carigali Sdn Bhd for the provision of rectification works for asset integrity findings in relation to a package involving Sarawak Oil Asset.

Dayang bags rectification works contract from Petronas Carigali

BEIJING (Dec 26): China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.

Policy support late this year has set the world's second-largest econom...

China revises up 2023 GDP, sees little impact on 2024 growth

Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).

Base electricity tariff for 2025-2027 to be 14% higher, says TNB

Tenaga Nasional Bhd (KL:TENAGA) said on Thursday that its unit has been shortlisted by the Energy Commission (EC) to develop a 500-megawatt (MWac) large-scale solar photovoltaic (PV) plant in Kuala Muda, Kedah.

TNB among LSS5 winners, bags 500MW solar farm project in Kedah

Türkiye’s central bank lowered interest rates for the first time in almost two years after consumer inflation showed signs of easing and said that future easing steps would depend on price data.

The bank’s Monetary Policy Committee, led by governor Fatih Karahan, on Thursday cut its one-week repo rate to 47.5% from 50%, after keeping it on hold for eight months in a row.

Türkiye lowers main rate to 47.5% in first cut since 2023

Teck Guan Perdana Bhd (KL:TECGUAN) said its third quarter net profit fell 34.3% to RM2.39 million from RM3.64 million a year ago, on lower revenue and a net loss on forward currency contracts amounting to RM4.33 million.

Teck Guan's 3Q net profit falls 34% on lower revenue, loss on forward currency contracts

China revised upwards on Thursday the size of its economy by 2.7%, but said the change would have little impact on growth this year, as policymakers pledged more stimulus to spur expansion in 2025.

Taiwan's Presidential Office conducted its first ever tabletop exercise simulating a military escalation with China, several officials briefed on the matter said, at a time when the island is facing renewed Chinese military threats.

In a first, Taiwan's Presidential Office runs war games to simulate a China emergency

Bird's nest processor MyMBN Bhd (KL:MBN) said the government has imposed a temporary suspension on the export of bird's nest products to China following the discovery of the Newcastle disease in Malaysia.

MyMBN says bird's nest exports to China suspended due to Newcastle disease

India — which relies on coal to meet about three-quarters of electricity demand — kept installations of new capacity near a five-year high to try to meet surging power usage.

India’s coal-power plant growth holds near five-year high

The National Institute of Occupational Safety and Health (Niosh) recommends that regular maintenance be mandatory for all heavy vehicles with strict supervision by the Computerised Vehicle Inspection Centre (Puspakom) to ensure they are roadworthy.

Strict enforcement, heavy fines against heavy vehicles failing to comply with safety standards, says Niosh

<p>Petronas Chemicals Group Bhd (KL:PCHEM) could be close to its turning point, and investors should take position in its stock ahead of a rebound in the industry, said Kenanga Investment Bank.</p>


Kenanga says Petronas Chemicals close to turning point, investors should take position ahead of rebound

<p>Peninsular Malaysia's base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA).&nbsp;</p>


<p>Shares of SNS Network Technology Bhd (KL:SNS) rose 17.5% in active trade on Thursday amid broader gains in the sector following the Christmas Eve rally of US technology stocks.</p>


SNS Network rises 17% in highly active trade

<p>Southern Cable Group Bhd (KL:SCGBHD) has bagged a contract worth RM172.57 million to supply cables and conductors.</p>


Southern Cable gets RM173m supply contract

<p>THE government has given its blessing to Malaysian Resources Corp Bhd (KL:MRCB) for the redevelopment of Kuala Lumpur Sentral (KL Sentral) as it was the master developer of the transport hub connecting the Keretapi Tanah Melayu Bhd (KTMB) train service, Light Rail Transit, KLIA Transit and Rapid ...

Cover Story: Why MRCB was the choice for KL Sentral redevelopment

<p>Malaysia’s automotive sector will have to contend with weaker sales of non-national cars&nbsp;amid intensifying competition, while the industry grapples with easing backlog orders, RHB Investment Bank flagged.</p>


Malaysia's auto sector to see intensifying competition among non-national brands, says RHB IB

<p>The Penang government is granting a 100% exemption from quit rent and parcel rent penalty arrears to all land and parcel owners in the state who make payments for the two taxes from Jan 2 to Feb 28, 2025.</p>


Penang grants exemption from land, parcel tax penalty arrears from Jan 2 to Feb 28

<p>SP Manufacturing, an electronics manufacturing services company founded and headquartered in Singapore, has announced its expansion into Senai, Johor.&nbsp;</p>


S'pore-based SP Manufacturing expands into Johor with new facility, acquisition of Ideal Jacobs Corporation

<p>Asia shares eased in holiday-thinned trade on Thursday, paring some of their gains from earlier in the week, while the dollar rose alongside US treasury yields.</p>


Dollar stays resilient, Asian shares wobble

<p>The Ministry of Energy Transition and Water Transformation (Petra) has announced that the Green Electricity Tariff (GET) programme will continue into 2025, maintaining current premium rates while introducing discounted long-term subscription packages to boost renewable energy adoption.</p>


Energy ministry: Current green electricity tariff rates retained, cheaper long-term packages introduced

<p>Honda Motor Co&nbsp;absorbing Nissan Motor Co could give the two struggling Japanese brands the scale they need to take on China’s BYD Co, sales figures released on Wednesday showed.</p>


Honda-Nissan deal may be key in fight against China’s BYD

<p>The South Korean won hit the weakest level since March 2009 in holiday-thinned trading amid the US dollar's continued rally. South Korean stocks fell, while the benchmark bond yield rose.</p>


South Korean won drops to lowest level since March 2009; stocks ease

<p>Alibaba Group Holding Ltd agreed to merge its South Korean operations with E-Mart Inc’s e-commerce platform to better compete in the country’s fast-paced online retail sector.</p>


Alibaba, E-Mart to create US$4 bil e-commerce JV in Korea

<p>Selangor remained the top destination for investments so far this year, as the state drew in RM66.8 billion in approved investments.</p>


Selangor top destination for investments, draws in RM66.8b in January to September

<p>Bursa Malaysia Bhd on Thursday issued a consultation paper seeking public feedback on the proposed amendments to the Rules of Bursa Malaysia Depository Sdn Bhd as it moves towards further digitisation in the issuance of securities account statements to depositors (CDS statements).</p>


Bursa Malaysia seeks feedback on depository rules for electronic CDS statements

<p>Tune Protect Group Bhd (KL:TUNEPRO), which mainly provides travel insurance, is expected to end 2024 with a small profit following a recent turnaround before a jump in 2025, said TA Securities.</p>


Tune Protect to end 2024 with small profit following 3Q turnaround — TA Securities

<p>Telegram and Tencent’s WeChat have begun the process of obtaining the requisite licence to operate their platforms in Malaysia next year, according to regulator Malaysian Communications and Multimedia Commission (MCMC).</p>


Telegram, WeChat begin licensing process in Malaysia, as MCMC urges others to follow suit

<p>Jinjiang Group, a contractor for Chinese electric vehicle (EV) maker BYD, said on Thursday Brazilian authorities' portrayal of their employees as "enslaved" was inconsistent with the facts and that there were translation misunderstandings.</p>


BYD contractor denies its construction site employees 'enslaved'

<p>Elon Musk’s deputy Steve Davis has spent more than 20 years helping the billionaire cut costs at businesses like SpaceX, the Boring Company and Twitter — making the engineer by training a natural choice for his new role at Musk’s Department of Government Efficiency, or DOGE for short.</p>


Elon Musk’s go-to cost-cutter is working for DOGE 

<p>CCK Consolidated Holdings Bhd (KL:CCK), a retail chain store and supermarket operator in Sabah and Sarawak, has declared its first-ever special dividend of five sen per share for the financial year ending Dec 31, 2024 (FY2024), payable Jan 22, 2025.</p>
