<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 22): TAS Offshore Berhad (TAS) via its wholly-owned subsidiary has secured shipbuilding contracts for three units of tugboats with a total value of approximately RM22.6 million.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday, the company said the contracts were signed with an existing customer from Indonesia.</p></div>

<div class=newsTextDataWrapInner><p>It said these vessels are expected to be delivered in the third quarter of 2025.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>TAS said the revenue generated from the contract is expected to contribute positively to its earnings for the financial year ending May 31, 2026.</p></div>

<div class=newsTextDataWrapInner><p>At midday break, TAS traded unchanged at 50.5 sen with 520,600 shares traded.</p></div>


TAS Offshore Berhad (TAS) via its wholly-owned subsidiary has secured shipbuilding contracts for three units of tugboats with a total value of approximately RM22.6 million.

TAS Offshore bags shipbuilding contracts worth RM22.6m

China's industrial profits fell at a slower clip in November, official data showed on Friday, as policymakers pledged stronger support to prop up a faltering economic recovery.

China's industrial profits decline at slower pace in November

Japan's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the fiscal year starting in April, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.

Japan's cabinet approves record US$730b budget for next fiscal year

Japanese manufacturing giant Nidec said on Friday it planned to launch a tender offer for Makino Milling Machine at a 42% premium to Thursday's closing share price, with or without the target company's approval.

Nidec announces US$1.6b unsolicited bid for Makino Milling

Core inflation in Japan's capital accelerated in December as price pressures broadened, data showed on Friday, keeping alive market expectations for a near-term interest rate hike.

Inflation in Japan's capital accelerates, keeps rate hike prospects intact

New York cocoa futures fell sharply on Thursday, extending the market's retreat from last week's record high, with profit-taking amid thin trading volumes ahead of the year-end.

NY cocoa plunges after Christmas on profit-taking; sugar also down

MORNING CALL: 27/12/24

Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures.

Oil prices dip in thin trading on soft US data, natural gas outlook

US soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.

Soybean futures up as weather spurs short-covering; corn at six-month high

Alexei Miller, the head of Russia's Gazprom said on Thursday the group's natural gas production is set to rise this year by 61 billion cubic metres (bcm) to around 416 bcm.

Gazprom's gas output to rise to around 416 bil cubic metres in 2024

The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.

Bird flu virus shows mutations in first severe human case in US, CDC says

<p>Here is a brief recap of the business news and corporate announcements that made the headlines on Thursday.</p>


TNB, Samaiden, Gadang, Aizo, MyMBN, YTL Power, Kawan Renergy, Taghill, BHIC, Teck Guan, CCK, Lebtech, Southern Cable

<p>YTL Power International Bhd (KL:YTLPOWR) said on Thursday that the Employees Provident Fund (EPF) has once again ceased to be a substantial shareholder in the multi-utility owner and operator after offloading 14.93 million shares.&nbsp;</p>


EPF ceases to be substantial shareholder in YTL Power

<p>The legal counsel for Segambut Member of Parliament Hannah Yeoh has filed an appeal in the Court of Appeal on Thursday challenging the High Court's decision to dismiss her defamation suit against former inspector general of police Tan Sri Musa Hassan.</p>


Hannah Yeoh appeals dismissal of defamation suit against ex-IGP

<p>The Taiping High Court has awarded RM1.8 million in damages to a former security guard who sustained a brain injury due to medical negligence during treatment following a motorcycle accident in 2016.</p>


Court awards RM1.8 mil to ex-security guard over medical negligence

<p>Keyfield International Bhd (KL:KEYFIELD) has issued its maiden RM200 million Islamic bonds (sukuk) under its sukuk wakalah programme of RM1 billion.</p>


Keyfield International issues maiden RM200m sukuk

<p>The US Centers for Disease Control and Prevention said on Thursday its analysis of samples from the first severe case of bird flu in the country last week showed mutations not seen in samples from an infected backyard flock on the patient's property.</p>


<p>Oil edged lower in light holiday trading on soft US jobs data and a retreat in natural gas futures.&nbsp;</p>


<p>US soybean futures rose more than 1% on Thursday and soymeal futures touched a two-month high as worries about dry weather in parts of Argentina prompted speculators to exit short positions ahead of the new year, analysts said.</p>


<p>Wall Street's main indexes drifted lower in light trading volumes on Thursday, as rising yields pressured some shares, while investors looked for a year-end boost from the so-called Santa Claus rally.</p>


Wall Street slips as rising yields pressure some shares 

<p>Stocks wavered in a quiet post-holiday session as mixed jobless claims data did little to alter bets on the Federal Reserve outlook.</p>


US stock rally stalls in sleepy session

<p>Japan's cabinet on Friday approved a record US$730 billion (RM3.26 trillion) budget for the fiscal year starting in April, while limiting new bond issuance to the lowest in 17 years on the back of record tax revenue.</p>


<p>Japanese equities were primed to rise after fresh weakness in the yen, following a lackluster day on Wall Street that saw muted moves in stocks and government bonds.</p>


Japanese stocks to gain after fresh yen weakness

<p>Chinese battery manufacturer CATL said it plans to seek a listing in Hong Kong, a Shenzhen Stock Exchange filing showed.</p>


China's CATL to seek Hong Kong listing

<p>As Donald Trump prepares to fulfill a lengthy list of campaign promises, the president-elect’s vow to ensure that all remaining Bitcoin is “made in the USA” may prove to be one of the most challenging to keep.</p>


Trump’s ‘made in USA’ Bitcoin is promise impossible to keep

<p>Alexei Miller, the head of Russia's Gazprom&nbsp;said on Thursday the group's natural gas production is set to rise this year by 61 billion cubic metres (bcm) to around 416 bcm.</p>


<p>Japanese manufacturing giant Nidec said on Friday it planned to launch a tender offer for Makino Milling Machine at a 42% premium to Thursday's closing share price, with or without the target company's approval.</p>


<p>South Korea’s business confidence deteriorated the most since the global outbreak of Covid-19, reflecting mounting concerns about an economy grappling with political turmoil and facing Donald Trump’s tariff threats.</p>


South Korea’s business confidence tumbles by most since pandemic

<p>New York cocoa futures fell sharply on Thursday, extending the market's retreat from last week's record high, with profit-taking amid thin trading volumes ahead of the year-end.</p>


<p>Core inflation in Japan's capital accelerated in December as price pressures broadened, data showed on Friday, keeping alive market expectations for a near-term interest rate hike.</p>
