EVENING 5: PNB’s 30%-owned unit awards RM1.4 bil logistics hub jobs to IJM & GDB
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Permodalan Nasional Bhd’s 30%-owned Strategic Sonata Sdn Bhd has awarded two logistics hub projects to IJM Corp Bhd and GDB Holdings Bhd worth a collective RM1.4 billion.
2. Global Infrastructure Partners reiterates that BlackRock Inc has not in any way been involved in the transaction relating to Malaysia Airports Holdings Bhd's privatisation.
3. The government has directed the Malaysian Communications and Multimedia Commission to initiate the process of selecting mobile network operators to develop the country's second 5G network.
4. MyNews Holdings Bhd posted a net profit of RM1.73 million for its second quarter against a net loss of RM6.28 million in the previous year’s corresponding quarter.
5. Scientex Bhd's net profit for the third quarter ended April 30, 2024 rose 18.9% year-on-year, driven by an 11% expansion in revenue.
- Intel jumps 10%, as investors cheer appointment of new Malaysian-born CEO Tan
- UWC's 2Q net profit more than doubles on semiconductor industry's strong recovery
- Apollo Food 3Q net profit drops 66% on lower margin, absence of one-off gains
- Subang’s turbulence: Malaysia’s airport expansion faces market realities
- Trump threatens 200% wine tariff if EU does not relent on whiskey
- Putin backs US ceasefire idea for Ukraine, but says many details need to be sorted out
- Democrats in standoff with GOP as US shutdown deadline nears
- Vocational college murder case: Third accused says did not see victim steal money
- Anglo American plans fresh job cuts at corporate office under restructuring
- Ontario fund hires Alexander Fraser as its global head of private equity