<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 10): 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.</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

Elon Musk's AI startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources, the Wall Street Journal reported on Saturday.

Musk's xAI in talks for share in future Tesla revenue, WSJ reports

Kentucky police were searching rugged terrain near a national forest for a suspect after at least seven people were wounded by gunfire while driving down the rural stretch of an interstate highway, officials said on Saturday evening.

Kentucky shooter at large after wounding at least seven along highway

All work at the construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project, located at Taman Mas, Puchong, Selangor has been halted to evaluate the situation and implement additional safety protocols.

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The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronised easing.

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The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.

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SpaceX will launch its first uncrewed Starships to Mars in two years when the next Earth-Mars transfer window opens, chief executive officer Elon Musk said in a post on social media platform X on Saturday.

Musk says SpaceX to launch first uncrewed Starships to Mars in two years

Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.

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US Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after President Joe Biden's term ends in January, but will likely meet again soon with her Chinese counterpart.

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Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what he called "the growing threat of expansionism" from Israel, drawing a rebuke from the Israeli foreign minister.

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British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.

Autopsy suggests tycoon Mike Lynch likely died of suffocation in yacht — Reuters

<p>Hong Bee Land Sdn has come a long way from its humble beginnings in 1933, when it was known as Hong Bee Textiles. Today, the once low-profile property developer has established itself as one of the leading players in Selangor and Johor.</p>


Hong Bee Land gearing up for more launches

<p>Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.&nbsp;</p>


<p>All work at the construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project, located at Taman Mas, Puchong, Selangor has been halted to evaluate the situation and implement additional safety protocols.</p>


<p>The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.</p>


<p>US Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after President Joe Biden's term ends in January, but will likely meet again soon with her Chinese counterpart.</p>


<p>The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronised easing.</p>


<p>Those who have read <i>When Breath Becomes Air</i>, the beautiful and evocative autobiography by the late neurosurgeon Paul Kalanithi that documents his battle against stage IV metastatic lung cancer, can rest assured they won’t be ugly-crying while reaching for the Kleenex in the book <i>Beyond The White Coat</i>.</p>


Of passion + compassion

<p>Kentucky police were searching rugged terrain near a national forest for a suspect after at least seven people were wounded by gunfire while driving down the rural stretch of an interstate highway, officials said on Saturday evening.</p>


<p>Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what he called "the growing threat of expansionism" from Israel, drawing a rebuke from the Israeli foreign minister.</p>


<p>British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.</p>


<p>SpaceX will launch its first uncrewed Starships to Mars in two years when the next Earth-Mars transfer window opens, chief executive officer Elon Musk said in a post on social media platform X on Saturday.</p>


<p>Elon Musk's AI startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources, the <i>Wall Street Journal</i> reported on Saturday.</p>
