<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 6): Nestcon Bhd (KL:<a href="/askedge/klse/0235" class="ce-stock" target="_blank">NESTCON</a>) has secured a RM37.7 million contract for construction works on a development project in Kota Seri Langat in Banting, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday, the construction outfit stated that its wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has accepted a letter of award (LOA) from property developer Seriemas Development Sdn Bhd to undertake the construction and completion of earthworks, soil improvement, and associated works for package 4-2 of the proposed development.</p></div>

<div class=newsTextDataWrapInner><p>The work is set to commence on June 11 and is expected to be completed within ten months, by April 10, 2025, Nestcon said, adding that the defect liability period will be 12 months from the date of the certificate of practical completion of the contract works.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The board is of the opinion that the LOA and the contract works are within the ordinary course of business of the company and the acceptance of the LOA is in the best interest of the company," it said.</p></div>

<div class=newsTextDataWrapInner><p>Nestcon’s shares closed half a sen or 1.25% higher at 40.5 sen on Thursday, translating to a market value of RM286.82 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/714287" target="_blank">Nestcon unit secures RM3.6m contract to install solar PV system</a></em></p></div>


Nestcon Bhd (KL:NESTCON) has secured a RM37.7 million contract for construction works on a development project in Kota Seri Langat in Banting, Selangor.

In a bourse filing on Thursday, the construction outfit stated that its wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has accepted a letter of award (LOA) from property developer Seriemas Development Sdn Bhd to undertake the construction and completion of earthworks, soil improvement, and associated works for package 4-2 of the proposed development.

Nestcon bags RM37.7 mil construction job in Selangor

The Ministry of Transport (MOT) will review a proposal requiring senior citizens aged 65 and above to undergo competency and health assessments before renewing their driving licences.

MOT to study proposal requiring senior citizens to undergo assessments before licence renewals, says Loke

Taiwan's defence ministry on Monday reported that a Chinese balloon had been detected over the sea to Taiwan's north, the first time since April it has reported such an incident in what Taipei views as part of a pattern of harassment by Beijing.

Taiwan reports Chinese balloon, first time in six months

Building support services provider KJTS Group Bhd (KL:KJTS) said its third-quarter net profit fell 46.4% year-on-year despite a higher revenue, due to an increase in administrative expenses.

KJTS 3Q net profit drops 46% as administrative expenses increase

Real Madrid, the 15-time European football champion, is seeking a major corporate shake-up that would hand over ownership to club members, effectively opening the door to third-party investors.

Real Madrid chairman aims to change club’s ownership model

A year-end rally will start this week and push the S&P 500 Index about 4% higher to 6,200 points, according to Goldman Sachs Group Inc trader Scott Rubner.

Goldman’s Rubner says US stocks set to rally into year-end

Infomina Bhd (KL:INFOM) has bagged a three-year purchase order (PO) from the Philippines’ state-owned banking group the Land Bank of the Philippines worth RM27.3 million.

Infomina wins RM27.3 mil IT contracts from Land Bank of the Philippines

BANGKOK (Nov 25): Thailand's banking system has large excess liquidity and the central bank has not tightened its lending supervision, an assistant governor said on Monday, reflecting banks' reluctance to lend.

Banks' lending decisions will depend on debtors' ability to repay debts, Sak...

Thai banking system has large excess liquidity, central bank says

KUALA LUMPUR (Nov 25): KPJ Healthcare Bhd (KL:KPJ) says its industry continues to face cost pressure and a competitive talent landscape, as it reported a 6.24% dip in its third quarter net profit from a year ago, despite higher revenue, as expenses and tax rose while other income dropped.

...

KPJ flags cost pressure, competition for talent as 3Q profit slips 

The Road Transport Department (JPJ) has been given the full mandate to take on overloaded heavy vehicles, which have been identified as a main cause of road accidents.

Transport Minister Anthony Loke said he instructed the JPJ to take stern action against overloaded lorries, including stationing enforcement officers in quarry areas to ensure compliance.

JPJ given mandate to take on overloaded heavy vehicles — Loke

Investors are underestimating trade war risks under a Donald Trump presidency, according to strategists at Bank of America Corp who predict a 5% slide in emerging-market currencies over the first half of 2025, and a sell-off in sovereign debt.

BofA sees 5% EM currency slide as trade war risks underpriced 

<p>Malaysia’s third-quarter results season has been ‘disappointing’ so far, said CIMB Securities, warning of downside risks to its earnings forecasts for stocks on the benchmark index.</p>


Malaysia's 3Q earnings 'disappointing' so far as forex losses weigh, CIMB says

<p>Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.</p>


TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

<p>The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.</p>


High Court quashes Swatch seizure by Home Ministry

<p>The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.</p>


Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

<p>IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.</p>


IJM Corp said to buy 50% stake in troubled UK construction firm JRL

<p>EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports rele...

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings

<p>The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.</p>


Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

<p>Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.</p>


TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

<p>SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;</p>

<p>Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

<p>The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.</p>


Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

<p>The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).</p>


Court rejects Najib's application for permanent stay in IPIC trial

<p>CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.</p>


Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

<p>Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.</p>

<p>In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.</p>


Bursa boosted by RM250.6 mil investments from local institutions last week

<p>The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.</p>


Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

<p>Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.</p>


Mi Technovation shares extend rally as results beat estimates

<p>Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;</p>


Talent search challenged by salary demand, rising competition in Malaysia, survey shows

<p>Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).</p>


Will Najib and Irwan get their IPIC-linked charges dropped? Lawyers to argue further on Wednesday

<p>TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.</p>


TMK Chemical to double capacity with new plant funded by IPO proceeds

<p>PUTRAJAYA (Nov 25): The Court of Appeal (COA) here on Monday allowed the liquidator of Crest Worldwide Resources Sdn Bhd to adduce fresh evidence in SKN Land &amp; Development Sdn Bhd’s (SKN L&amp;D) appeal against the High Court’s decision to dismiss an application to terminate Crest’s winding-u...

COA allows admission of RM525m property sale evidence in Crest winding-up termination appeal

<p>Kitchen cabinet manufacturer Signature International Bhd (KL:SIGN) saw its net profit more than doubled to RM28.3 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM14.1 million a year earlier, thanks to higher profit margins from project revenue.</p>
