<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 26): Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Friday, the construction company said the contract to build the houses in Bandar Tasik Puteri was awarded to its subsidiary Kitacon Sdn Bhd by Rawang Lakes Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The contract will commence on Aug 1 and be completed within 20 months, it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company expects the contract to contribute positively to its earnings for the financial year ending Dec 31, 2024 and until the contract expires.</p></div>

<div class=newsTextDataWrapInner><p>Including the latest one, Kumpulan Kitacon has announced four contracts since the start of 2024, with a total value of RM335.62 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Kitacon closed half a sen or 0.7% higher at 72 sen on Friday, valuing the company at RM357.50 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/707900" target="_blank">Kumpulan Kitacon secures LOA worth RM135 mil for building works in Ijok</a><br />
<a href="https://theedgemalaysia.com/node/706801" target="_blank">Kumpulan Kitacon secures RM81m housing job in Shah Alam</a><br />
<a href="https://theedgemalaysia.com/node/700781" target="_blank">Kumpulan Kitacon bags RM65.4m contract to build terrace houses in Selango</a>r</em></p></div>


Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM54.5 million contract to undertake the construction of 186 terrace houses in Rawang, Selangor.

Kumpulan Kitacon bags RM54.5m job to build houses in Rawang

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.

Gamuda halts work on Rasau water treatment plant project after embankment collapses

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.

ECB poised to cut rates again in warm-up act for US Fed

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.

Singapore’s oil party spoiled by falling prices and China gloom

Kentucky police reported an "active shooter situation" on Saturday evening near Interstate-75 in London, Kentucky, where "numerous persons" have been shot in traffic.

Active shooter near Kentucky highway, reports of 'numerous persons' shot

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.

Trump pledges ‘100% tariff’ for countries that shun dollar

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.

Yellen 'probably done' when Biden ends term, may meet Chinese counterpart soon

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.

Türkiye's Erdogan calls for Islamic alliance against Israel

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

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.

Hong Bee Land gearing up for more launches

<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>


<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>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>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>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>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>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>


Kentucky shooter at large after wounding at least seven along highway

<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>
