<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 10): Annum Bhd (KL:<a href="/askedge/klse/5082" class="ce-stock" target="_blank">ANNUM</a>) said it has been awarded a sub-contract worth RM53.2 million by Iqzan Holding Bhd (KL:<a href="/askedge/klse/7183" class="ce-stock" target="_blank">IQZAN</a>) to supply material, labour and machinery for the construction of an office building in Jalan Tun HS Lee.</p></div>

<div class=newsTextDataWrapInner><p>The two-year sub-contract was awarded by Iqzan's subsidiary Kacon Construction Sdn Bhd, said Annum in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>Iqzan had announced last month that the main contract secured by Kacon to build the 24-storey office building was worth RM143 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Annum said the supply of the material, labour and machinery is for piling, structural and architecture work.</p></div>

<div class=newsTextDataWrapInner><p>The group said the sub-contract is expected to contribute positively towards its earnings and net assets.</p></div>

<div class=newsTextDataWrapInner><p>For the third quarter ended March 31, 2024, Annum posted a net profit of RM603,000 compared with a net loss of RM1.91 million a year earlier, despite a more than 10-fold decline in revenue to RM3.5 million from RM36.55 million due to the cessation of its plywood trading business.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Annum closed unchanged at 10 sen on Wednesday, valuing the group at RM22.75 million.</p></div>


Annum Bhd (KL:ANNUM) said it has been awarded a sub-contract worth RM53.2 million by Iqzan Holding Bhd (KL:IQZAN) to supply material, labour and machinery for the construction of an office building in Jalan Tun HS Lee.

Annum secures RM53 mil contract to supply material, labour for office building construction

The UK and Malaysia now have a free trade agreement for the first time. On Dec 15, the UK joined Malaysia and 10 other countries to become the newest member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

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Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West.

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At least one in four firms in Indonesia evaded tax, which is more prevalent among exporters, according to a World Bank survey.

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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.

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Thailand said on Monday it will host two regional meetings on Myanmar this week, with at least one to have representatives of the junta, as the Malaysian prime minister said efforts were being made to bring Myanmar back to the fore of Asean.

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Singapore home sales jumped to their highest level in more than a decade, confirming a property market revival that’s raising expectations of further government curbs.

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<p>TopVision Eye Specialist Bhd (KL:TOPVISN) shares staged a strong debut on the ACE Market on Monday, as it looked to raise close to RM18 million from its initial public offering (IPO).</p>


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<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>


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<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>


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<p>TOKYO/SINGAPORE (Dec 16): Bitcoin&nbsp;surged to a record high above US$106,000 (RM471,944) in early Asian trade on Monday, boosted by comments from President-elect Donald Trump that suggested he plans to create a US&nbsp;bitcoin&nbsp;strategic reserve similar to its strategic oil reserve.</p>


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<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>


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<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>


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<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>


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<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>


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<p>SEOUL (Dec 16):&nbsp;South&nbsp;Korean shares climbed on Monday to their highest level in more than two weeks, after parliament impeached President Yoon Suk Yeol over the short-lived martial law.</p>


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<p>On its website, SD Guthrie Bhd (KL:SDG) prides itself on being one of the world’s largest producers of certified sustainable palm oil. It has also been a member of the Roundtable on Sustainable Palm Oil since 2004.</p>

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<p>（吉隆坡16日讯）明亮眼科专科中心（TopVision Eye Specialist Bhd）（KL:TOPVISN）通过首次公开募股（IPO）筹集接近1800万令吉后，今早在创业板强势登场。</p>


明亮眼科强势登场创业板

<p>LONDON (Dec 15): Britain officially became the 12th member of a trans-Pacific trade pact which includes Japan, Australia and Canada on Sunday, as it seeks to deepen ties in the region and build its global trade links after leaving the European Union (EU).</p>
