<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 22): Samaiden Group Bhd has bagged a RM100 million contract to build a 50-megawatt solar power plant (first phase) in Kulim Hi-Tech Park, Kedah.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing, Samaiden said its unit Samaiden Sdn Bhd together with its consortium JS Solar Sdn Bhd have secured the engineering, procurement, construction and commissioning (EPCC) contract from Nur Renewables Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Of the RM100 million contract value, RM92 million is the contract price while the remaining RM8 million is the optional items price. It added that solar modules will be free-issued by Nur Renewables.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Nur Renewables is involved in the business of electricity generation, transmission, distribution, and retail in Malaysia, while JS Solar is involved in the business of installation of non-electric solar energy collectors. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The works are expected to be finished by March 31, 2025. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Samaiden said the contract is expected to contribute positively towards its future earnings over the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Samaiden's share price gained one sen to close at RM1.14, bringing a market capitalisation of RM470 million.</p></div>

<div class=newsTextDataWrapInner><p>Over the past year, the stock has climbed 43% from 80 sen.</p></div>


Samaiden Group Bhd has bagged a RM100 million contract to build a 50-megawatt solar power plant (first phase) in Kulim Hi-Tech Park, Kedah.

In a Bursa Malaysia filing, Samaiden said its unit Samaiden Sdn Bhd together with its consortium JS Solar Sdn Bhd have secured the engineering, procurement, construction and commissioning (EPCC) contract from Nur Renewables Sdn Bhd.

Samaiden bags RM100m EPCC contract to build 50MW solar power plant in Kulim

Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data.

Markets wary of Fed rate plans, China retail disappoints

Ningbo Deye Technology Co, a Chinese inverter producer, plans to invest up to US$150 million (RM667.5 million) in building a solar equipment manufacturing base in Malaysia.

Chinese inverter maker plans US$150m solar base in Malaysia

Malaysia and Thailand have reiterated their common position on issues concerning the South China Sea, urging all parties to respect the 1982 United Nations Convention on the Law of the Sea (Unclos), said Prime Minister Datuk Seri Anwar Ibrahim.

He said both leaders also underscored the importance of the full and effective implementation of the Declaration on the Conduct of Parties in the South China Sea (DOC) in its entirety and the early conclusion of an effective and substantive Code of Conduct in the South China Sea (COC).

Malaysia, Thailand call for peaceful resolution in South China Sea disputes

(Dec 16): The United Arab Emirates is on a borrowing binge — and looks set to extend its debt-issuance spree well into the new year.

Companies as well as sovereign entities in the UAE — one of the highest-rated emerging markets — issued $38.4 billion of dollar debt this year. That was 5...

UAE binges on dollar debt with $19 billion maturity wall looming

Alam Maritim Resources Bhd (KL:ALAM) is expecting to obtain approval for its plan to exit its Practice Note 17 (PN17) status by the first quarter of 2025, after having been classified as a PN17 company for over two years, according to group managing director and group chief executive officer Datuk Azmi Ahmad.

The integrated oil and gas services company has, in July this year, submitted a plan to regularise its PN17 status — typically a classification for financially-distressed companies — to the exchange regulator.

Alam Maritim aims to get approval for PN17 exit plan by 1Q2025, seeks to expand subsea business

KUALA LUMPUR (Dec 16): The Social Security Organisation (Socso) and the Malaysian Aviation Commission (Mavcom) signed a memorandum of understanding (MOU) on Monday, to facilitate the exchange of information regarding the statutory obligations of aviation service providers.

Socso, Mavcom ink MOU to strengthen aviation sector compliance

The UK plans to extend its rules against illegal material online to cover how social media companies respond to crises like the recent riots in the country, according to a statement from British regulator Ofcom on Monday.

UK to tweak social media rules in response to summer riots

KUALA LUMPUR (Dec 16): Border security will remain a priority to safeguard the nation from various threats, said Inspector-General of Police Tan Sri Razarudin Husain.

Border security a top priority to protect nation, says IGP

Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she has built up a following of more than 500,000 people.

China's Instagram-like Xiaohongshu making inroads with e-commerce sales

PUTRAJAYA (Dec 16): Prime Minister Datuk Seri Anwar Ibrahim on Monday reaffirmed Malaysia’s support for dialogue and development efforts to secure peace in southern Thailand.

Anwar: Malaysia, Thailand agree to timely completion of border projects

<p>YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.</p>


MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

<p>KUALA LUMPUR (Dec 16): TNG Digital Sdn Bhd urges users to verify their TNG eWallet accounts for better security, according to its statement on Monday.</p>


TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

<p>TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market of Bursa Malaysia on Monday, as it raised close to RM18 million from its initial public offering (IPO).</p>


TopVision shares stage strong debut on ACE Market

<p>KUALA LUMPUR (Dec 16): Shares in Supermax Holdings Bhd (KL:SUPERMX) rose to their highest in nearly three years in active trade on&nbsp;Monday morning, amid US’ efforts to boost nitrile-glove production there.</p>


Supermax climbs to three-year high on active trade 

<p>Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.</p>


Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

<p>Shares around the world nudged lower on Monday on soft economic numbers from China and Europe and as surging bond yields challenged equity valuations, at the start of a week packed with central bank meetings and major economic data.</p>


<p>KUALA LUMPUR (Dec 15): The International Monetary Fund (IMF) has commended Malaysia’s economic reforms, notably the introduction of the Public Finance and Fiscal Responsibility Act (FRA) 2023, and the successful implementation of electricity and diesel subsidy reforms.&nbsp;</p>


IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

<p>(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>


HSBC sued by Australian regulator for scam loss failures

<p>KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.&nbsp;</p>


High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

<p>The International Monetary Fund (IMF) has assessed Malaysia's current monetary policy stance as appropriate but emphasised that Bank Negara Malaysia has to be ready to tighten policy in 2025 amid inflation risks.</p>


IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

<p>DRB-Hicom Bhd (KL:DRBHCOM) said has inked memoranda of understanding (MOU) with two government bodies, namely with Malaysian Investment Development Authority (Mida) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the enhancement and transformation of Malaysia’s automotive industry in the Automotive Hi-Tech Valley (AHTV) project in Tanjung Malim, Perak.</p>


DRB-Hicom, Geely ink MOUs with Mida, MARii to spearhead next-gen vehicle production in Tanjung Malim

<p>Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.</p>


Grab stock’s big quarter has some analysts seeing further gains

<p>(Dec&nbsp;16) :&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>


Dollar’s trump-fuelled gains face a reality check late next year

<p>China's industrial output growth quickened slightly in November, while retail sales disappointed, keeping pressure on Beijing to ramp up stimulus for a fragile economy as it braces for more US trade tariffs under a second Trump administration.</p>


China's weak consumption drags on economy as Trump tariff threat looms

<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM472,523) on Monday, after President-elect&nbsp;Donald Trump&nbsp;suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve&nbsp;similar to its strategic oil reserve, stoking the enthusiasm of&nbsp;crypto&nbsp;bulls.</p>


Bitcoin surges above US$106,000 on strategic reserve hopes

<p>KUALA LUMPUR (Dec 16): Yinson Holdings Bhd (KL:YINSON), whose share price dropped nine sen in the morning session on Monday, is expected to see strong earnings ahead, as it gears up to deliver multiple major floating production storage and offloading (FPSO) units, with new opportunities on the horizon, said analysts.&nbsp;</p>


Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

<p>Offshore marine service provider Perdana Petroleum Bhd (KL:PERDANA) has secured a charter contract for an anchor handling tug and supply (AHTS) vessel from IPC Malaysia BV.</p>


Perdana Petroleum secures anchor handling tug and supply vessel charter contract

<p>Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.</p>


Advancecon clinches RM45 mil infra works job from Sime Darby Property 

<p>The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.</p>


Misif urges the release of Independent Steel Committee’s study  

<p>(Dec&nbsp;16) :&nbsp;What was supposed to be a comeback year for Boeing Co. has turned into its worst stock-market plunge since 2008, and if Wall Street is right, the plane-maker’s shares may have only a modest recovery in store in 2025.&nbsp;</p>
