<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 25): TRC Synergy Bhd (KL:TRC) has secured a RM125 million contract to perform scheduled and corrective maintenance work at the Royal Malaysian Navy submarine base in Kota Kinabalu, Sabah.</p></div>

<div class=newsTextDataWrapInner><p>It secured the 60-month project from BHIC Submarine Engineering Services Sdn Bhd — a wholly owned unit of Boustead Heavy Industries Corp Bhd (KL:BHIC) — via its wholly owned Trans Resources Corp Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a statement, TRC Synergy said the job will encompass the Zone D area, jetty facility building, bosun building, floating breakwater jetty, shiplift jetty and safety conditioning facilities at the navy submarine base.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>For the first quarter ended March 31, 2024, TRC Synergy made a net profit of RM147,000, down 94.13% from RM2.51 million in the previous year’s corresponding quarter, which it said was due to the completion of several in-hand projects, while revenue dropped 35.4% to RM92.71 million from RM143.49 million.</p></div>

<div class=newsTextDataWrapInner><p>TRC Synergy shares rose one sen or 2.2% to close at 46.5 sen on Tuesday, giving the group a market capitalisation of RM223.43 million. Year to date, the stock has gained 10 sen or 25.68%.</p></div>


TRC Synergy Bhd (KL:TRC) has secured a RM125 million contract to perform scheduled and corrective maintenance work at the Royal Malaysian Navy submarine base in Kota Kinabalu, Sabah.

It secured the 60-month project from BHIC Submarine Engineering Services Sdn Bhd — a wholly owned unit of Boustead Heavy Industries Corp Bhd (KL:BHIC) — via its wholly owned Trans Resources Corp Sdn Bhd.

TRC Synergy secures RM125 mil contract for maintenance work from BHIC

PLUS Malaysia Bhd and Petronas Dagangan Bhd (KL:PETDAG) are collaborating to develop the country's first commercial hybrid stations along national highways, with the Klang Valley identified as the pilot location.

PLUS, PetDag ink MOU to develop hybrid stations along highways

The High Court on Wednesday dismissed former prime minister Datuk Seri Najib Razak's bid to serve the remainder of his sentence under house arrest.

High Court tosses out Najib's bid to serve sentence under house arrest

CYBERJAYA (July 3): As Malaysia embarks on a digital future, new guidelines on information and network security for the communications and multimedia industry are underway to safeguard internet users.

MCMC to develop guidelines on information and network security

Whether tokenisation achieves its potential to transform finance depends on the underlying networks on which digital tokens operate, but existing digital networks are not fit-for-purpose as a global infrastructure for a tokenised financial system, said Ravi Menon, a former managing director of the Monetary Authority of Singapore (MAS).

Tokenisation, AI, quantum computing best prospects for transforming finance, says former MAS managing director

In today’s edition of Evening 5: 0:06 Fund with 24% returns bets on long-term stock rally for Malaysia — Bloomberg1:43 Sunway sells Sunway City Iskandar Puteri land to Equalbase for over RM380 mil3:10 Pertama Digital secures online ID onboarding services contract from MyDigital ID4:33 Newly listed UUE Holdings on active lookout for electricity projects in Singapore6:03 MNO selection for second 5G network to be done by year-end — Gobind*An image that appeared in an earlier version of this video misidentified Nicholas Bischoff as Christian Bischoff. The image has been removed.

EVENING 5: Malaysia's stock rally seen extending

Insurance companies in Asia face three structural challenges in healthcare that are happening all at once. (1) Asians are under-insured, with a massive US$1.8 trillion (RM8.4 trillion) annual health protection gap that must be covered somehow (Swiss Re, 2018); (2) medical costs grew about 40% fas...

State Of Health: Three healthcare strategies for insurers in Asia

On June 4, 2024, Mallikarjun Kharge, president of the Indian National Congress (INC), experienced an Indian summer.

In the US and Canada, an Indian summer is used to describe a warm spell in autumn that is a pleasant surprise during the chilly season. While India is currently dealing wi...

Pitfalls & Pitch Calls: Thriving in a year of many elections

KUALA LUMPUR (July 3): ViTrox Corp Bhd (KL:VITROX) will grapple with the challenging industry outlook, even as profits may improve in the second quarter of 2024, Maybank Investment Bank (Maybank IB) flagged and told investors to now sell the stock.

Vitrox faces tough outlook, Maybank IB cuts to sell

From suburban New York to rural Montana, candidates for US Congress are getting an earful from voters stressed by stratospheric housing costs, interviews with Democratic and Republican campaigns and Reuters/Ipsos polling showed.

US voters press Congress candidates to fix housing crisis

Asian stocks rose on Wednesday as comments from Federal Reserve (Fed) Chair Jerome Powell reinforced expectations that US rate cuts were not far off, while the yen remained pinned near levels last seen in 1986, keeping traders wary of Japanese intervention.

Asia stocks gain on rate cut wagers, yen stays near 38-year lows

<p>The High Court on Wednesday dismissed former prime minister Datuk Seri Najib Razak's bid to serve the remainder of his sentence under house arrest.</p>


<p>Go Hub Capital Bhd (KL:GOHUB) surged 128.57% in its trading debut on Wednesday after the information technology (IT) services provider’s initial public offering (IPO) on the ACE Market raised RM37.5 million.</p>


Go Hub surges 129% to 80 sen on ACE Market debut

<p>Kenanga Research has maintained its “overweight” rating on the technology sector and said that following six consecutive months of year-on-year (y-o-y) growth in semiconductor sales (November 2023 to April 2024), Malaysian players — which are mostly at the back end — are beginning to feel the positive impact.</p>


Kenanga stays 'overweight' on technology sector, sees improving order visibility

<p>Hong Leong Investment Bank (HLIB) has advocated investors buy Velesto Energy Bhd (KL:VELESTO) on weakness, in anticipation of strong earnings in the coming quarters amid persistent jack-up (JU) rig crunch in Southeast Asia.</p>


HLIB tells investors to buy Velesto on weakness

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds four potential clones to Investor Alert List

<p>Wall Street's main stock indices closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday.</p>


Wall Street indices end higher, helped by Tesla, megacap growth stocks

<p>Malaysia's government bond supply may slow in the second half and be on track to fall for the full year of 2024 amid smaller deficit financing requirements and strong investor demand, analysts said.</p>


Malaysia govt bonds supply may slow in second half of 2024

<p>Asian stocks rose on Wednesday as comments from Federal Reserve (Fed) Chair Jerome Powell reinforced expectations that US rate cuts were not far off, while the yen remained pinned near levels last seen in 1986, keeping traders wary of Japanese intervention.</p>


<p>Chinese and Russian companies are developing an attack drone similar to an Iranian model deployed in Ukraine, European officials familiar with the matter said, a sign that Beijing may be edging closer to providing the sort of lethal aid that western officials have warned against.</p>


China is making and testing lethal attack drones for Russia

<p>Google’s emissions climbed by almost half over five years, as the company has infused artificial intelligence (AI) throughout many of its core products — making it harder to meet its goal of eliminating carbon emissions by 2030, according to a new environmental report from the tech giant.</p>


Google’s emissions shot up 48% over five years due to AI

<p>KUALA LUMPUR (July 3): RHB Retail Research said HE Group Bhd (KL: HEGROUP) is eyeing to stretch the upside movement after staging a breakout at the resistance level.</p>

<p>In a trading stocks note today, the research house said that the stock has closed above the 74 sen resistance to reaffirm...

HE Group eyeing to stretch the upside movement, says RHB Retail Research 

<p>KUALA LUMPUR (July 3): ViTrox Corp Bhd (KL:VITROX) will grapple with the challenging industry outlook, even as profits may improve in the second quarter of 2024, Maybank Investment Bank (Maybank IB) flagged and told investors to now sell the stock.</p>


<p>KUALA LUMPUR (July 3): RHB Retail Research said Sin-Kung Logistics Bhd (KL: SINKUNG) is attempting to stage a bullish breakout, testing the immediate resistance.</p>

<p>In a trading stocks note today, the research house said that the counter has been consolidating sideways beneath the 17 sen r...

Sin-Kung attempting to stage a bullish breakout, says RHB Retail Research 

<p>KUALA LUMPUR (July 3): Gold has performed remarkably well in 2024, rising by 12% year-to-date and outpacing most major asset classes, according to the World Gold Council (WGC) in its <em>Gold Mid-Year Outlook 2024 </em>report.</p>


Gold appears to be waiting for a catalyst, says World Gold Council

<p>Rudolph Giuliani has been stripped of his law licence in New York for aiding Donald Trump’s efforts to overturn the 2020 presidential election results, the latest blow to the once celebrated federal prosecutor and New York mayor.</p>


Rudy Giuliani loses his New York law licence for Trump 2020 work

<p>RHB Investment Bank (RHB IB) expects Kuala Lumpur Kepong Bhd (KL:KLK) to report improved earnings in the second half of financial year 2024 (2HFY2024) on strong fresh fruit bunch (FFB) output, lower costs and improving downstream earnings.</p>


KLK to report improved earnings in 2HFY2024, says RHB IB

<p>HSBC is slowing down hiring and asking investment bankers to rein in their travel and entertainment expenses as outgoing chief executive officer Noel Quinn looks to curb costs at Europe’s largest lender.</p>


HSBC curbs hiring, reins in banker travel in cost-cutting push

<p>Donald Trump’s sentencing in his New York hush-money case was delayed two months until Sept 18 so the judge can review the impact of a landmark US Supreme Court ruling about presidential immunity.</p>


Trump New York sentencing put off to Sept 18 over immunity

<p>The US Food and Drug Administration (FDA) said on Tuesday it would revoke the regulation that authorised the use of brominated vegetable oil (BVO) in food items, effective Aug 2, as it was no longer safe.</p>


US FDA to ban use of brominated vegetable oil in food, soda

<p>Japan began circulating its first new banknotes in 20 years on Wednesday, featuring three-dimensional portraits of the founders of financial and female education institutions in an attempt to frustrate counterfeiters.</p>
