<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

A consortium of investors including Blackstone Inc offloaded shares worth about £1.6 billion (US$2 billion or RM9.48 billion) in London Stock Exchange Group plc (LSEG), exiting a stake the group inherited when the bourse bought data services firm Refinitiv in 2021.

Blackstone, GIC and others sell £1.6b stake in London Stock Exchange Group

Investors have boosted bets for an interest-rate hike by the Bank of Japan (BOJ) by July, following an unexpected reduction in its bond buying during a regular operation this week.

Bank of Japan’s surprise cut to bond buying fuels rate-hike bets

Alphabet Inc’s Google on Tuesday said it’s rolling out a version of its ubiquitous search engine that includes responses written by artificial intelligence (AI), in one of the most significant overhauls since the iconic gateway to the internet was founded decades ago.

Google introduces generative AI in major search engine update

Shares of Malaysia’s technology companies rose on Wednesday to a 15-month high following the US’ plan to double the tariffs on semiconductors from China while analysts flagged that further trade diversion will benefit the sector.

Malaysia's tech stocks rise to 15-month high amid higher US tariffs on China

Oil prices rose on Wednesday on expectations for higher demand as the US dollar weakened and a report showed US crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook.

Oil prices rise on US inventories drawdown expectations, CPI focus

THE EY Entrepreneur of the Year (EOY) Malaysia award is back for its 23rd iteration and members of the public and the business community are invited to nominate exemplary entrepreneurs from now until June 30.

Entries can be made across four categories — emerging, technology, woman and m...

EY Entrepreneur of the Year 2024 award open for nominations

Employers nationwide are given until May 31 to voluntarily register and contribute to the Social Security Organisation (Socso) before the implementation of Ops Kesan 2024 next month.

Employers given until May 31 to register, contribute to Socso

KUALA LUMPUR (May 15): Iskandar Investment Bhd (IIB) is broadening its collaboration within the Global Business Services (GBS) Iskandar @ Medini initiative in Johor, joining forces with GBS Malaysia and iTrain Asia.

Iskandar Investment aims to position Medini as first net-zero carbon Central Business District in region by 2030

China is considering a proposal to have local governments across the country buy millions of unsold homes, people familiar with the matter said, in what would be one of its most ambitious attempts yet to salvage the beleaguered property market.

China mulls government buying of unsold homes to ease glut, Bloomberg reports

Sales of new homes in Singapore fell after a brief surge, in a sign of fragile sentiment in the nation’s once-booming property market.

Singapore home sales drop on weaker demand, lack of launches

<p>Malaysian rubber glove manufacturers, which have suffered from lower average selling prices caused by intensive competition, may be able to export more to the US as its president Joe Biden raises the tariffs on rubber medical and surgical gloves from 7.5% to 25% in 2026, among others.&nbsp;</p>


US tariff hike on Chinese products may augur well for Malaysian glovemakers 

<p>Shares of Malaysian glove manufacturers surged on Wednesday after the US raised tariffs on Chinese rubber medical and surgical gloves to 25% from 7.5%.</p>


Top Glove surges 20%, other glove stocks also soar on higher US tariffs on Chinese gloves

<p>KUALA LUMPUR (May 15): The Employees Provident Fund (EPF) and Khazanah Nasional Bhd will form a consortium to take Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) private, according to sources.</p>


EPF, Khazanah to take MAHB private together with Abu Dhabi, GIP — sources

<p>Mah Sing Group Bhd (KL:MAHSING) and OSK Holdings Bhd (KL:OSK) have been included in the MSCI Malaysia Small Cap Index, while Astro Malaysia Holdings Bhd (KL:ASTRO), Magnum Bhd (KL:MAGNUM) and TSH Resources Bhd (KL:TSH) have been removed from the index, effective May 31.</p>


Mah Sing and OSK Holdings in, Astro, Magnum and TSH out of MSCI Malaysia Small Cap Index

<p>Trading in the securities of Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, whose share price rose to a high of RM10.44 on Monday (May 13), was suspended from 9am to 5pm on Wednesday pending a material announcement.</p>


Trading in MAHB securities halted, announcement may be on privatisation

<p>GIIB Holdings Bhd's (KL:GIIB) former chief executive officer Tai Boon Wee claimed trial to one count of forgery for passing off the rubber compound manufacturer's 2023 interim third quarter financial report as genuine.</p>


GIIB's ex-CEO Tai Boon Wee charged with forgery

<p>Sin-Kung Logistics Bhd (KL:SINKUNG) made a flat debut on the ACE Market of Bursa Malaysia at 13 sen on Wednesday.</p>


Sin-Kung debuts flat at 13 sen

<p>The Nasdaq scored a record closing high on Tuesday and the S&amp;P 500 and the Dow also advanced as Federal Reserve (Fed) Chair Jerome Powell reassured investors while they digested Tuesday's data and waited for Wednesday's crucial consumer inflation report.</p>


Nasdaq hits record close after Powell reassures investors, CPI in focus

<p>KUALA LUMPUR (May 15): The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert on Tuesday, the commission said the following persons/entities were added to the list:</p>

<ul>
	<li>Potential clone entity — Aswa Advisory</li>
	<li>Potential clone enti...

SC adds three potential clones to Investor Alert List

<p>AMMB Holdings Bhd (KL:AMBANK), Malaysia’s sixth-largest banking group by assets, is expected to report a 9.8% growth in net profit when it releases its fourth-quarter results this month, RHB Investment Bank said.</p>


AMMB to report 7% full-year net profit growth, higher dividend — RHB IB

<p>RHB Retail Research said Ahmad Zaki Resources Bhd (KL:AZRB) is eyeing a technical breakout after testing the 25 sen level for the past week, while remaining above the ascending 21-day simple moving average (SMA) line.</p>


AZRB is eyeing a technical breakout, says RHB Retail Research 

<p>Shares of Heineken Malaysia Bhd (KL:HEIM) rose to their highest in three months after the Dutch brewer's locally listed unit reported an 11% gain in first-quarter net profit.</p>


Heineken Malaysia rises to three-month high following 1Q results

<p>Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed US producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve's (Fed) near-term policy path.</p>


Stocks rise, dollar drifts ahead of US inflation report

<p>RHB Retail Research said Avaland Bhd (KL:AVALAND) is set to propel upwards further after undergoing a technical breakout above the 36.5 sen resistance level on Tuesday, on a surge in trading volume.</p>


Avaland set to propel upwards further, says RHB Retail Research 

<p>（吉隆坡15日讯）在美国宣布将中国橡胶医用和外科手套的关税税率从7.5%，提高至25%后，马来西亚手套股应声上涨。</p>


美国对中国手套加征关税 大马手套股应声涨

<p>Russian President Vladimir Putin is heading to China for the first foreign visit of his new term, underlining the vital importance of the relationship as Beijing faces growing US pressure to curtail support that’s helping Moscow continue its war in Ukraine.</p>


Putin visits Xi as US threatens China sanctions over ties

<p>Four years after the pandemic, work flexibility continues to be a hot topic among Malaysian talent. According to Randstad’s 2024 Workmonitor Research, one in two respondents said that their employers had reintroduced compulsory five-day office work policies.&nbsp;</p>


Employers want employees back in the office but employees want work flexibility

<p>PUTRAJAYA (May 15): Muar Member of Parliament (MP) Syed Saddiq Syed Abdul Rahman has been granted temporary access to his passport by the Court of Appeal here on Wednesday,&nbsp;to enable him to go&nbsp;to Singapore and Taiwan.</p>


Syed Saddiq gets temporary release of passport to go to Singapore, Taiwan

<p>SINGAPORE/JAKARTA (May 15):&nbsp;In few countries is the transfer of power as meticulously planned as in Singapore, which has had just three prime ministers from the same party in nearly 60 years. But as Lawrence Wong becomes the fourth on Wednesday, the challenges facing the financial hub are growing.</p>


Singapore confronts rising risks as Lawrence Wong takes helm

<p>US household debt has reached a record and more borrowers are struggling to keep up.</p>

<p>Overall US household debt rose to US$17.7 trillion (RM83.25 trillion), according to the Federal Reserve (Fed) Bank of New York’s Quarterly Report on Household Debt and Credit released on Tuesday. That’s an increase of US$184 billion, or 1.1%, from the fourth quarter.</p>
