<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 6): Awanbiru Technology Bhd’s (Awantec) wholly-owned unit has secured a RM4.96 million contract from the National Water Research Institute of Malaysia's (Nahrim) computing solutions and services for climate change research and development.</p></div>

<div class=newsTextDataWrapInner><p>The contract focuses on the implementation of high-performance computing solutions to run Weather Research and Forecasting (WRF) models in the cloud computing environment, according to Awantec’s stock exchange filing.</p></div>

<div class=newsTextDataWrapInner><p>The contract spans 30 months, running&nbsp;from March 8 this year until its expiry on Sept 7, 2026.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Awantec saw a steep run in its share price since early February, having appreciated&nbsp;45% from 33.5 sen on Feb 8 this year. Its share price was unchanged at 48.5 sen on Wednesday, giving it a market capitalisation of RM383.1 million.</p></div>


KUALA LUMPUR (March 6): Awanbiru Technology Bhd’s (Awantec) wholly-owned unit has secured a RM4.96 million contract from the National Water Research Institute of Malaysia's (Nahrim) computing solutions and services for climate change research and development.

Awantec's unit wins RM4.96m contract from National Water Research Institute of Malaysia

Kossan Rubber Industries Bhd (KL:KOSSAN) reported a 28.15% drop in its net profit for the July-September quarter, dragged by higher raw material costs and unrealised foreign exchange (forex) losses.

Kossan declares 8 sen dividend despite 3Q profit drop

Prolintas Infra Business Trust (KL:PLINTAS) said it will not face any financial losses after its subsidiary, Prolintas Expressway Sdn Bhd (GCE Co), was ordered by an arbitrator to pay RM46.13 million to Bina Puri Holdings Bhd’s (KL:BPURI) associate company KL-Kuala Selangor Expressway Bhd (Latar).

Prolintas Infra says it won't face financial loss over order to pay RM46 mil in arbitration case

An interim report on the study of the separation of powers between the Attorney General (AG) and Public Prosecutor (PP) will be presented to the Cabinet in the near future.

Communications Minister Fahmi Fadzil, who is also unity government’s spokesperson, said the government remains committed to reforming the functions of the AG, backed by empirical studies on the separation of powers between the AG and PP.

Interim report on separation of AG powers to be presented to Cabinet — Fahmi 

Alibaba Group Holding missed analysts' estimates for quarterly sales on Friday, as lingering economic uncertainty sapped consumer spending in China and weighed on the e-commerce giant's domestic business.

China's Alibaba misses quarterly revenue estimates, beats on profit

The Cabinet has congratulated Prime Minister Datuk Seri Anwar Ibrahim for being awarded Peru’s highest honour, the “El Sol del Peru”.

At a press conference here, Communications Minister Fahmi Fadzil, who is also unity government’s spokesperson, said the Cabinet expressed its congratulations during a meeting chaired by Deputy Prime Minister Datuk Seri Fadillah Yusof on Friday.

Cabinet congratulates Anwar on receiving Peru’s highest honour

Samsung Electronics Co plans to buy back about 10 trillion won (US$7.2 billion or RM32.02 billion) of its own stock over the next year, putting in motion one of the larger shareholder return programs in its history.

Samsung unveils surprise US$7b buyback as AI fears persist

EVENING 5: Malaysia eases FX rules for foreign international institutions

Malaysia Smelting Corporation Bhd (KL:MSC) has boosted its dividend payout to 24 sen per share for the year ending Dec 31, 2024 (FY2024), comprising a special dividend of 17 sen per share and an interim dividend of seven sen per share.

Bumper dividend of 24 sen for Malaysia Smelting Corp shareholders

Bursa Securities has approved the transfer of Infoline Tec Group Bhd's (KL:INFOTEC) entire issued share capital from the ACE Market to the Main Market.

Infoline Tec Group gets Bursa's greenlight for Main Market transfer

The euro area’s economic growth will pick up as obstacles to consumption and investment fade away, though geopolitics poses an increasing threat, according to the European Commission.

Euro area to see consumer pickup but risks are high, says EU 

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off its monitoring list

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


Khazanah-EPF consortium launches formal offer for MAHB after receiving nod from regulators

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), and Taylor's Education Group have collaborated to establish affordable international schools within Gamuda Land's townships.</p>


Gamuda Land partners with Taylor's Education Group to bring affordable private education to its townships

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>SHAH ALAM (Nov 15): S P Setia Bhd (KL:SPSETIA) is launching semi-detached homes, named Ambrosia II, in its ongoing Setia Bayuemas township development at Klang, Selangor, this weekend. The new phase has a gross development value (GDV) of RM69.39 million.</p>


S P Setia to launch RM69.39m semidees in Setia Bayuemas, Klang this weekend

<p>Thailand is aiming to legalise casinos next year to draw foreign investments and collect more taxes, a potential win for global operators who have for long canvassing for the legislation to benefit from the country’s status as a tourism hot spot.</p>


Thailand aims to legalise casinos next year in win for global players

<p>Sime Darby Property (KL:SIMEPROP) will launch its latest condominium development named Kanopi Residences in its 6.5-acre City of Elmina township in Shah Alam on Nov 23.</p>


Sime Darby Property to launch City of Elmina’s first high-rise Kanopi Residences on Nov 23

<p>Lim Guan Eng’s undersea tunnel graft trial scheduled on Friday has been postponed as key witness Datuk Zarul Ahmad Mohd Zulkifli was down with fever and placed on medical leave.</p>


Guan Eng's Penang undersea tunnel graft trial postponed as key witness is unwell

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.</p>
