<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 6): Jati Tinggi Group Bhd’s wholly owned subsidiary Jati Tinggi Holding&nbsp;Sdn Bhd has secured a RM22.06 million job to lay underground cables for a data centre in the southern region of Peninsular Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>According to a bourse filing, Jati Tinggi received the contract from Worktime Engineering Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“The nature of the contract is to lay a 275kV underground cable double circuit for a data centre,” the group said, adding that the scope of works includes the erection of power cables, fibre optic cables, joint and termination works, together with other ancillary works. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract is to span a 13-month period commencing March 27, 2024.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Jati Tinggi said the contract is expected to contribute positively to the group’s earnings over the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Jati Tinggi ended unchanged at 31 sen on Wednesday, valuing the group at RM121.46 million.&nbsp;</p></div>


Jati Tinggi Group Bhd’s wholly owned subsidiary Jati Tinggi Holding Sdn Bhd has secured a RM22.06 million job to lay underground cables for a data centre in the southern region of Peninsular Malaysia.

Jati Tinggi secures RM22 mil data centre underground cable job

KUALA LUMPUR (Nov 5): Islamic finance holds substantial potential to revitalise the economy through three core principles — Maqasid Shariah, innovation, and global integration, said Bank Negara Malaysia (BNM).

BNM: Islamic finance set to revitalise economy with three core principles

Australia’s central bank held its key interest rate at a 13-year high on Tuesday, aiming to keep up the pressure on stubbornly sticky inflation while joining much of the world in waiting for the outcome of US elections.

RBA holds key rate at 13-year high as world waits on US vote

An uneasy calm settled over currencies and bonds as investors waited for the US to choose a new leader on Tuesday, with polls showing the contest on a knife edge, while expectations China will approve more government spending lifted Chinese stocks.

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Glove

Overweight

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KUALA LUMPUR (Nov 5): Logistics service firm Xin Hwa Holdings Bhd (KL:XINHWA) said on Tuesday that its cargo transport unit’s licence to transport goods has been suspended by authorities.

Xin Hwa says cargo transport unit’s operator licence suspended by authorities

Construction firm Aneka Jaringan Holdings Bhd (KL:ANEKA) has secured a RM39 million contract to undertake earthwork, piling, pile caps and contiguous bored piling works in Jalan Pantai Sentral, Kuala Lumpur.

Aneka Jaringan secures RM39 mil construction contract in Kuala Lumpur

T7 Global Bhd (KL:T7GLOBAL) has secured a contract from ExxonMobil Exploration and Production Malaysia Inc for an enabling agreement for the provision of Pan-Malaysia offshore maintenance, construction, modification (MCM) and hook-up commissioning (HUC) services.

ExxonMobil awards T7 Global Pan-Malaysia offshore maintenance services contract

KUALA LUMPUR (Nov 5): Malaysia aims to attract both affluent locals and foreigners having assets under management (AUM) between RM500 million and RM1.2 billion to establish their family offices in the country over the next five years.

Amir Hamzah: Malaysia to attract family offices with assets of RM500m to RM1.2b

The diesel market in India is losing momentum as the economy expands at a slower pace and consumption patterns shift in the world’s third-largest oil importer.

Diesel demand in India faces headwinds as economy slows

Notable fillings

In the week of Oct 14 to 18, among the notable changes in shareholding at companies publicly traded on Bursa Malaysia were those at Sandakan-based WMG Holdings Bhd (KL:WMG).

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<p>WHILE equity analysts are mixed on the possible outcome of the much-anticipated US presidential election on Tuesday (Nov 5), they observe that investors are taking a wait-and-see approach since a Democratic or Republican victory will have a different impact on market sentiments and performance.</p>


Trump or Harris win will impact market differently, say analysts

<p>KUALA LUMPUR (Nov 5): The Road Transport Department (RTD) and the Transport Ministry have been issued a letter of demand (LOD) over alleged copyright infringement in relation to the special “MADANI” vehicle number plates.</p>


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<p>Maybank Investment Bank has warned Asean investors of potential economic turbulence and a surge in trade tensions, amid anticipation of more import tariff hikes&nbsp;if Donald Trump wins a second term as the US president.</p>


Maybank IB tells clients to go defensive, warns of potential economic risks brought by new US president

<p>The top 15% (T15) income group to be excluded from the proposed targeted RON95 petrol subsidy will not be solely defined by the Household Income Survey, said Finance Minister II Datuk Seri Amir Hamzah Azizan.</p>


Household income not sole measure for defining T15, says Amir Hamzah of targeted RON95 subsidy

<p>The liquidator of Semantan Estate (1952) Sdn Bhd, the firm embroiled in the ‘Duta Enclave’ dispute, is appealing against the High Court’s decision on Sept 12&nbsp;to allow a stay to the Federal Territory Land Registrar of having to register the transfer of ownership from the Malaysian government to the company within three months of its Aug 7 decision.</p>


Semantan Estate liquidator also appealing stay granted to FT Land Registrar

<p>IHH Healthcare Bhd (KL:IHH) has completed the acquisition of Island Hospital, a 600-bed facility in Penang, for an equity consideration of approximately RM3.9 billion.</p>


IHH Healthcare completes acquisition of Island Hospital in Penang for RM3.9 bil

<p>An uneasy calm settled over currencies and bonds as investors waited for the US to choose a new leader on Tuesday, with polls showing the contest on a knife edge, while expectations China will approve more government spending lifted Chinese stocks.</p>


<p>KUALA LUMPUR (Nov 5): The method for determining the T15 group, the search efforts for flight MH370 and measures taken by&nbsp;the government&nbsp;to address delays in&nbsp;flood mitigation projects&nbsp;will be&nbsp;among highlights of Tuesday’s&nbsp;Dewan Rakyat sitting.</p>


MH370 search efforts, T15 determination method among highlights of Parliament on Tuesday

<p>KUALA LUMPUR (Nov 5): Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.</p>


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<p>Boeing Co workers voted to accept a new labour contract and end a strike that’s crippled jetliner production for more than seven weeks, clearing a major obstacle for the US planemaker to restore its operations and finances.</p>


Boeing ends crippling strike after workers accept latest offer

<p>The public have been reminded to be vigilant with the dissemination of invitations for a meeting on the implementation of a 5G tower project and the Jendela 2 project in Sabah, which will allegedly take place at a hotel in the capital on Tuesday.</p>


MCMC warns about fake invitations for 5G tower and Jendela 2 projects

<p>In the world of sports, football is a mean business and is not for the faint-hearted. In Sir Jim Ratcliffe, Britain’s fourth richest man, and co-owner of Manchester United Football Club, you have someone who means business.</p>

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<p>Several industrial firms in China are eyeing investment opportunities in Labuan, particularly within the island's financial and development sectors.&nbsp;</p>

<p>Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa emphasised the significance of these interests, underscoring Labuan’s potential as a viable economic hub in Asia.</p>


Chinese industrial firms interested in Labuan, says Zaliha

<p>SHANGHAI (Nov 5): The principle of the policy of shared future is well received by countries in Asia, Africa, Latin America and the Global South, and that is precisely the reason why Malaysia agreed to participate in BRICS (Brazil, Russia, India, China, and South Africa), Malaysia’s Prime Minister Datuk Sri Anwar Ibrahim said on Tuesday.</p>


Anwar: China’s principle of shared future inspires Malaysia to participate in BRICS

<p>KUALA LUMPUR (Nov 5): Malaysia aims to attract both affluent locals and foreigners having assets under management (AUM) between RM500 million and RM1.2 billion to establish their family offices in the country over the next five years.</p>


<p>OM Holdings Ltd’s (KL:OMH) near-term outlook appears cloudy as metal prices soften, while market uncertainties dampen demand for its manganese ore and ferroalloys, said BIMB Securities.</p>


OM Holdings' near-term outlook cloudy as metal prices soften — BIMB

<p>ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

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<p>Stocks failed to gain traction and bonds climbed, with polls continuing to depict a tight race in the US presidential election ahead of the Federal Reserve (Fed) rate decision.</p>


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<p>Melaka plans to set up a consortium to develop idle farming land for paddy farming to increase its paddy production, said State Rural Development, Agriculture and Food Security Committee chairman Datuk Dr Muhamad Akmal Saleh.</p>


Melaka plans to set up consortium to develop abandoned land for paddy farming

<p>Escalating tensions in the Middle East and US relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.</p>

<p>“The conflict in the Middle East is probably the top risk of all right now,” BP plc chief executive officer Murray Auchincloss said during panel discussion at the Adipec summit in Abu Dhabi. “We operate across five or six countries in the region — we are worried obviously about the security of our people and the security of energy supplies.”</p>
