<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 4): Kimlun Corp Bhd (KL:<a href="/askedge/klse/5171" class="ce-stock" target="_blank">KIMLUN</a>) has secured a contract worth RM234.27 million in Shah Alam, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Tuesday, the company said its unit Kimlun Sdn Bhd had accepted the award of a construction contract from Saujana Development Sdn Bhd for a high-rise residential development in Seksyen U2, Shah Alam, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>It said the construction work is expected to be completed in the third quarter of 2026.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Kimlun said the project is expected to contribute positively to its earnings for the financial years during the contract period.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break, Kimlun fell 2.99% or four sen to RM1.30 with 148,500 shares traded, giving it a market capitalisation of RM459 million.<br />
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Kimlun Corp Bhd (KL:KIMLUN) has secured a contract worth RM234.27 million in Shah Alam, Selangor.

In a bourse filing on Tuesday, the company said its unit Kimlun Sdn Bhd had accepted the award of a construction contract from Saujana Development Sdn Bhd for a high-rise residential development in Seksyen U2, Shah Alam, Selangor.

Kimlun bags construction contract worth RM234.3 mil in Shah Alam

THE Home Ministry is believed to have awarded Datasonic Group Bhd (KL:DSONIC) a new five-year contract for the supply of Malaysian passports. This is the first contract renewal since November 2021, when the original contracts expired.

According to sources privy to the deve­lopment, the ...

Datasonic finally secures new contract for Malaysian passports, say sources

LG Electronics Inc is considering increasing the valuation of its Indian unit to as much as US$15 billion (RM66.72 billion) in a planned listing in Mumbai next year after initial feedback from analysts and investors, according people familiar with the matter.

LG mulls up to US$15 bil in IPO for Indian unit — Bloomberg

Rising insurance premiums could strain businesses’ financial health, particularly micro, small and medium enterprises (MSMEs), according to the Malaysian Employers Federation (MEF).

Costlier insurance premiums will dent MSMEs’ financial health, MEF says

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).

TopVision shares stage strong debut on ACE Market

Malaysia’s medical costs spiralled by an alarming 12.6% in 2023, more than double the global average of 5.6%.

This is worrisome. The steep rise in medical costs not only raises insurance premiums for individuals and companies, but also exerts greater pressure on the public healthcare sy...

Frankly Speaking: Healthcare reforms the remedy for medical inflation

AS it turns out, Temasek Holdings Pte Ltd’s wholly-owned Singapore Technologies Telemedia Pte Ltd (ST Telemedia) did effectively have a “majority stake” — possibly up to 71% via certain convertible instruments — in Malaysia’s second 5G spectrum holder U Mobile Sdn Bhd before ST Telemedia entered ...

Temasek’s ST Telemedia had over 70% in U Mobile via convertibles, prior to ‘majority stake’ sale to Vincent Tan, Johor princess 

TopVision Eye Specialist Bhd (KL:TOPVISN) said it would be premature to comment on the potential impact of the government's recent intention to regulate charges for private healthcare providers.

TopVision: Too early to assess impact of govt's move to regulate healthcare charges

CARLO Rino Group Bhd (KL:CRG) has adopted a cautious stance on the retail outlook as the group gears up for its listing transfer to the ACE Market from the LEAP Market on Dec 18.

While acknowledging rising operating costs and subdued consumer sentiment as key hurdles, its group managing...

IPO Watch: ACE Market-bound Carlo Rino banks on civil servants’ pay hike and festive spending to drive growth 

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.

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

Malaysia’s digital payments landscape has evolved rapidly in recent years, offering businesses new opportunities alongside several challenges. While credit and debit card payments, both online and in-person, are on the rise, e-wallets remain the most widely used method, reflecting the growing diversity of payment options. However, businesses face ongoing issues such as high transaction fees, fragmented payment systems, slow payment collection and limited flexibility in meeting customer needs.

Fiuu: Leading the Charge in Transforming Malaysia’s Payments Landscape with Real-Time Payment Solutions

<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>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>


<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>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>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>(Dec&nbsp;16):&nbsp;Asian stocks are set to fall on Monday, ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilise markets. South Korean assets will be closely watched after President Yoon Suk Yeol was&nbsp;impeached.&nbsp;</p>


Asia wary of Fed rate future, China data disappoints

<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>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>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>(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>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>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>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>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>(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>


Boeing’s year of crisis leaves investors wary of beaten-up stock

<p>(Dec&nbsp;16) : South Korea’s currency and its stock market will take centre stage on Monday, as investors respond to a weekend vote to impeach President Yoon Suk Yeol following his attempt to impose martial law.</p>


Korean won, stocks take spotlight after impeachment vote

<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>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>(Dec 16):&nbsp;Chinese President Xi Jinping dismissed internal divisions within the ruling Communist Party as unavoidable, while calling for greater efforts to instil&nbsp;discipline, according to newly disclosed remarks he made at an anti-graft meeting in January.</p>
