<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 3): Minetech Resources Bhd (KL:MINETEC) has secured a contract to undertake the proposed upgrading and construction of an external road and drainage system for a subsidiary of Mah Sing Group Bhd (KL:MAHSING) in Mukim Batu, Kuala Lumpur, for RM16.10 million.</p></div>

<div class=newsTextDataWrapInner><p>The project, awarded by MyVilla Development Sdn Bhd through its wholly owned subsidiary Minetech Construction Sdn Bhd, will be executed in two phases, and is expected to be completed within 21 months from the commencement date, the group said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>Minetech anticipates the project to contribute positively to its revenue, earnings, and net assets for the financial years ending March 31, 2025 (FY2025) and FY2026.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said that the acceptance of the contract is in the best interest of the group.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Minetech closed 7.14% higher at 15 sen on Wednesday, resulting in a market capitalisation of RM267.7 million. Meanwhile, Mah Sing saw a 1.12% gain, closing at RM1.81, with a market capitalisation of RM4.63 billion.</p></div>


Minetech Resources Bhd (KL:MINETEC) has secured a contract to undertake the proposed upgrading and construction of an external road and drainage system for a subsidiary of Mah Sing Group Bhd (KL:MAHSING) in Mukim Batu, Kuala Lumpur, for RM16.10 million.

Minetech secures RM16.1m contract for KL road, drainage upgrading work

Bridgewater Associates founder Ray Dalio said the overall picture of the US economy probably warrants a smaller interest-rate cut by the Federal Reserve (Fed) this week.

Dalio sees quarter-point Fed cut as ‘right thing’ for creditors

NEW YORK (Sept 17): Uncertainty over the size of an initial interest rate cut expected Wednesday from the Federal Reserve has sparked a related debate over the possibility of an accelerated halt to the central bank’s balance sheet drawdown.

Prospects for an opening cut of half a percent...

Fed rate cut uncertainties rattle balance sheet outlook

The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.

Dollar cedes ground, Asia stocks mixed as Fed looms large

A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.

Widely expected US rate cut to boost large-cap banks, energy stocks, REITs — Kenanga

When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.

Ignoring risk, investors still buying US junk debt with weak protections

Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.

Bankrupt trucker Yellow loses ruling over US$6.5b in pension debts

Oil prices steadied on Wednesday, after rising in the previous two sessions, as investors await the US Federal Reserve's (Fed) anticipated interest rate cut, with the potential for more violence in the Middle East supporting the market.

Oil prices steady, with investors focusing on Fed decision

Japan's export growth slowed sharply in August as shipments to the US dropped for the first time in three years, while machinery orders unexpectedly shrank in July in a worrying sign for an economy struggling to mount a solid recovery.

Japan's exports slow sharply, machinery orders shrink in blow to economic recovery

Tupperware Brands is preparing to file for bankruptcy as soon as this week, Bloomberg News reported on Monday, citing people with knowledge of the plans.

Tupperware Brands plans to file for bankruptcy

BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).

BlackRock, Microsoft to raise US$30b for AI investments

<p>Many may not know that a Malaysian construction company, Eversendai Corp Bhd, is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower.</p>


Building up world's iconic landmarks, Eversendai is pride of Malaysia, says Nanta

<p>At least three people were killed and more than 1,000 others including Hezbollah fighters, medics and Iran's envoy to Beirut were wounded on Tuesday when the pagers they use to communicate exploded across Lebanon, security sources told <i>Reuters</i>.</p>


At least three dead, over 1,000, including Hezbollah members, wounded in pager blasts in Lebanon

<p>Heavy rain and storms combined with high tides caused large waves to hit Penang's coast, particularly around Pantai Bersih.</p>

<p>The Butterworth Outer Ring Road (LLB) has since warned the public to stay away from the beach area due to the dangerous weather and high waves, which even reached the back of the Bagan Ajam Rest and Service Area (R&amp;R).</p>


Public warned to stay away after large waves hit Penang coast

<p>The US presidential elections are closely watched as the winner influences policy directions and business climate in the world’s biggest economy, which in turn move the global markets. With the Nov 5 polling date less than two months away, The Edge revisits key economic and market indicators of the last seven election cycles from 1996.</p>


How markets perform during US elections

<p>The Federal Reserve’s (Fed) widely anticipated pivot to interest-rate cuts this week is likely to bolster emerging Asian market assets, further extending their recent lead over global favourites such as Japan and chip stocks.</p>


Here’s how Asia is bracing for Fed’s imminent shift to rate cuts

<p>The dollar ceded some of its overnight gains on Wednesday while Asian stocks put in a mixed display as traders weighed the odds of a super-sized Federal Reserve (Fed) interest rate cut later in the day.</p>


<p>A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&amp;G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said.</p>


<p>The Pentagon’s cost to develop and produce Lockheed Martin Corp.’s F-35 has risen almost 10% to about US$485 billion (RM2.08 trillion) now that money needed for engine improvements has been included in the official estimate for the costliest US weapons system.</p>


Pentagon’s F-35 cost rises 10% to US$485 bil to fix overheating engines

<p>Stocks drifted near all-time highs ahead of the Federal Reserve (Fed) decision, with traders split on the size of an interest-rate cut.</p>


US stocks hover near record-high as traders split over Fed rate cut 

<p>The US is urging Vietnam to avoid Chinese cable-laying firm HMN Technologies and other Chinese companies in its plans to build 10 new undersea cables by 2030, sources with knowledge of the talks said.</p>


Inside the US push to steer Vietnam's subsea cable plans away from China — Reuters

<p>After more than two years of currency pain, Asia’s central banks are in for some relief as the Federal Reserve (Fed) is set to cut interest rates by a quarter-point Wednesday. The path for the region’s own monetary policy, though, will be bumpy from here.</p>


Fed cut to serve as starting gun for central banks across Asia

<p>German autos supplier Bosch CEO Stefan Hartung expects very little growth in car and commercial vehicle markets worldwide this year and next, he said in an interview with <em>Reuters</em>.</p>


Bosch chief sees stagnating growth in car markets worldwide

<p>Tupperware Brands&nbsp;is preparing to file for bankruptcy as soon as this week, <em>Bloomberg News</em> reported on Monday, citing people with knowledge of the plans.</p>


<p>The Islamic Development Bank plans to provide around US$4 billion to US$5 billion (RM17.1 billion to RM21.4 billion) of support to Bangladesh over the next three years, the bank's regional head said on Tuesday.</p>


Islamic Development Bank to provide up to US$5b support to Bangladesh

<p>Bankrupt trucker Yellow Corp and its hedge fund owners lost a key court ruling over US$6.5 billion (RM27.66 billion) in debt that pension funds claim the defunct company owes them, likely wiping out most recovery for shareholders.</p>


<p>BlackRock Inc and Microsoft Corp are teaming up on one of the largest efforts to date to bankroll the build-out of data warehouses and energy infrastructure behind the boom in artificial intelligence (AI).</p>


<p>When US based construction material supplier Wilsonart issued a junk bond to raise US$500 million (RM2.13 billion) to fund an acquisition this summer, a research firm warned potential investors that the terms of the deal offered them weak protections.</p>


<p>California Governor Gavin Newsom signed two bills into law on Tuesday that aim to help actors and performers protect their digital replicas in audio and visual productions from artificial intelligence, the governor's office said.</p>


California governor signs legislation to protect entertainers from AI

<p>North Korea fired multiple short-range ballistic missiles on Wednesday that landed in the sea off its east coast, South Korea and Japan said, days after Pyongyang unveiled a uranium enrichment facility and vowed to beef up its nuclear arsenal.</p>


North Korea fires short-range ballistic missiles for second time in a week

<p>The FBI and the US Postal Inspection Service are investigating suspicious packages that were sent to election officials in six states on Monday, the law enforcement agency said in a statement on Tuesday.</p>
