<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 1): Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The company, through its wholly-owned Pembinaan Mitrajaya Sdn Bhd, accepted the letter of award (LOA) from a local company on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The contract is slated for completion within 21 months from the commencement date of October 30, 2024.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Mitrajaya, which is involved in construction and property development, had been loss-making for three consecutive quarters, before turning around in the first quarter ended March 31, 2024 (1QFY2024) with a net profit of RM262,000.</p></div>

<div class=newsTextDataWrapInner><p>Mitrajaya shares finished one sen or 2.9% lower at 33.5 sen, valuing the company at RM260.01 million.</p></div>


Mitrajaya Holdings Bhd (KL:MITRA) has clinched a contract worth RM37.91 million for the construction of a four-storey building with one level of sub-basement car park in Kuala Lumpur.

Mitrajaya bags RM37.91m construction job in KL 

Apple unveiled an updated Watch at an event on Monday focused on its artificial intelligence-enhanced (AI) iPhone 16, although Apple's product showcase risks being overshadowed by Chinese rival Huawei's tri-fold phone, unofficially announced earlier in the day.

Apple shows off new Watch with bigger screen as it kicks off iPhone 16 AI event

Mol Nyrt, the Hungarian energy company, said it reached a deal that will ensure the continued supply of Russian crude oil via a pipeline running through Ukraine.

The announcement from the Budapest-based company on Monday came after Ukraine effectively barred Lukoil PJSC from continuing to use it as a transit country in retaliation for Russia’s invasion.

Mol reaches Russia crude supply deal after Ukraine’s Lukoil halt

Malaysia’s Foreign Ministry takes note of the recent reports on the presence of a foreign naval vessel near an offshore oil rig in Malaysia.

However, in a media advisory on Monday, the ministry said it is unable to comment on their accuracy or specifics regarding the movements of military vessels, as these matters fall under operational security and the defence authorities.

Malaysia takes note of reports on foreign naval vessel's presence in EEZ

The vast trove of information stored by the National Archives of Malaysia holds the potential to significantly enrich the nation’s historical records, said National Unity Minister Datuk Aaron Ago Dagang.

He said these valuable records have not been fully utilised by historians, leading to concerns about gaps in Malaysia’s historical documentation.

National Archives urged to enrich Malaysia’s historical records

Suria Capital Holdings Bhd said on Monday its wholly owned Sabah Ports Sdn Bhd (SPSB) has signed a collaboration agreement with Dubai-based port operator DP World FZE to operate the Sapangar Bay Container Port (SBCP).

Suria Capital and Dubai-based DP World ink agreement for joint operation of Sapangar Bay Container Port

The rise in Sabah’s state revenue since 2021 has become a key benchmark for the people to assess the performance of the Gabungan Rakyat Sabah (GRS) government, as the state election approaches.

People can assess GRS govt's performance by its success in raising state revenue, says Armizan

Here is a brief recap of some corporate announcements that made news on Monday.

99 Speed Mart, TNB, Eversendai, Binastra, Kelington, Jati Tinggi, Resintech and Gadang

The government has agreed to amend the Trustee (Incorporation) Act 1952 (Act 258) and the Trustee Act 1949 (Act 208) to prevent misappropriation of funds by established trustees for purposes such as religious, social, and welfare activities.

Govt agrees to amend Trustee Acts to prevent misappropriation of funds

A total of 122,062 Year 1 students across the country were selected to go through a Literacy and Numeracy Intervention programme starting last month, to help them acquire reading, writing, and arithmetic skills (3R).

122,062 Year 1 pupils to undergo literacy and numeracy intervention programme

JAKS Resources Bhd (KL:JAKS) said it is disposing of 178.48 acres of oil palm land in mainland Penang for RM77.74 million.

In a filing with the stock exchange, the construction and power utilities group said it is selling four plots of the land to Summersonic Sdn Bhd for RM35.9 million, and the remaining 13 plots to Pacific Arena Sdn Bhd for RM41.8 million.

JAKS Resources to dispose of oil palm land in Penang for RM77.7 mil

<p>Property developer Masteron Group has partnered with Malayan Banking Bhd (KL:MAYBANK) and local home renovator The Makeover Guys to offer a complete homeownership solution for prospective homebuyers of Astra at Aurora Residence in Puchong Prima, Selangor.</p>


Masteron Group collaborates with Maybank, The Makeover Guys to provide home financing, furnishing packages

<p>MyEG Services Bhd’s (KL:MyEG) net profit has grown an average 24% in the last two years but its share price has not kept up with positive analyst calls despite heightened trading volume recently.</p>

<p>Over the last two years, the group has spent more than RM1 billion, and counting, on its bl...

MyEG assures investors of progress in lofty blockchain ambition

<p>KUALA LUMPUR (Sept 9): American media personality Kim Kardashian and singer-songwriter Pharell Williams were among those who received 1Malaysia Development Bhd (1MDB) funds from fugitive businessman Low Taek Jho (Jho Low) amounting to US$2.43 million, the High Court here was told on Monday.</p>


Kim Kardashian and Pharell received US$2.43m in 1MDB funds from Jho Low, court told

<p>Public Bank Bhd (KL:PBBANK) said it is committed to extend RM1 billion in financing to small and medium enterprises (SMEs) in partnership with Credit Guarantee Corp Malaysia Bhd (CGC).</p>


Public Bank teams up with Credit Guarantee Corp to provide RM1 bil financing to SMEs

<p>Ho Hup Construction Company Bhd (KL:HOHUP) and its 75%-owned subsidiary Ho Hup Ventures (KK) Sdn Bhd (HHVKK) have been served a writ of summons and statement of claim by state-owned Sabah Development Bank Bhd (SDB).</p>


Sabah Development Bank sues Ho Hup for loans to Golden Wave

<p>Here is a brief recap of some corporate announcements that made news on Monday.</p>


<p>1 Malaysia Development Bhd (1MDB) wants the High Court here to determine if its former CEO Arul Kanda Kandasamy and former board chairman Tan Sri Mohd Irwan Serigar Abdullah had taken actions or been the cause of 1MDB suffering losses of billions of dollars.</p>


1MDB wants court to determine if Arul Kanda and Irwan's actions caused 1MDB to suffer billions in losses  

<p>Developing talent and cultivating homegrown champions are the key challenges facing Malaysia’s semiconductor industry, as highlighted at The Edge–HSBC New Era For E&amp;E Industry Forum 2024.</p>

<p>As the country rides the next wave of semiconductor innovation, its success will hinge on addressing the twin hurdles of funding and talent development — both critical to ensuring the industry's long-term competitiveness.</p>


Malaysia needs to foster new champions in the E&E sector, says Miti minister

<p>Kelington Group Bhd (KL:KGB) said it has secured new contracts totalling RM413 million over the past two months, bringing its total value of contracts secured year-to-date to RM977 million.</p>


Kelington secures RM413 mil worth of new contracts over past two months

<p>Two Bangladeshi construction workers died after being buried in a landslide in an incident at a concrete drain construction site in Elmina Ridge, Section U15 here on Monday.</p>

<p>In the incident at about 10am, the victims were working on the construction of a 0.3 metre deep drain in the housing area.</p>


Two construction workers die in Elmina Ridge landslide

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.</p>


FBM KLCI slips 0.1% to 1,651.49 on Sept 9, 2024

<p>Two of the world’s largest commodities traders have painted a bleak picture on the outlook for the oil market, echoing concerns over Chinese demand and plentiful supply on day one of the Appec conference.</p>

<p>The mood from Asia’s biggest gathering of oil executives, traders and investors in Singapore was overwhelmingly bearish, highlighted by a gloomy forecast for Brent crude by Trafigura Group.</p>


Trafigura says oil set for US$60s, but don’t be too bearish

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EVENING 5: Five things you need to know today

<p>HSBC Holdings plc is weighing combining its commercial and investment bank divisions as part of new chief executive officer Georges Elhedery’s push to eliminate overlapping roles across the company and shed expenses.</p>


HSBC mulls combining commercial, investment bank to cut costs — Bloomberg

<p>Infrastructure and engineering solutions provider Jati Tinggi Group Bhd (KL:JTGROUP) said it has bagged two contracts worth RM36.36 million for the installation of underground cables.</p>

<p>The first contract with a tenure of 17 months is valued at RM6.59 million. The contract, awarded by Worktime Engineering Sdn Bhd, involves the installation of 132kV underground cables for a data centre at Bukit Jalil. &nbsp;</p>


Jati Tinggi bags two contracts to lay underground cables

<p>A three-member Federal Court bench has, on Monday, granted leave (permission) to two people representing two non-governmental organisations (NGOs) to challenge the degazettement of Bukit Cherakah as a forest reserve for development.</p>


Apex court grants leave for two NGOs to challenge Bukit Cherakah development

<p>SUBANG JAYA (Sept 9): Proton Holdings Bhd’s completely-knocked-down (CKD) exports to Egypt is estimated to contribute 16,000 units to its total export volume from the fourth quarter of this year to the end of 2026, generating a revenue of RM570 million, said the Ministry of Investment, Trade and Industry (Miti).</p>


Miti: Proton’s CKD exports to Egypt expected to contribute RM570m by 2026

<p>A wholesale and retail chain company was fined RM20,000 by the Magistrate's Court here Monday for selling cosmetics without notification from the Ministry of Health (MOH) last year.</p>

<p>Magistrate Farah Nabihah Muhammad Din meted out the sentence against Mydin Mohamed Holdings Berhad, represented by Raja Azlan Raja Ismail, 40, and Roslizan Mohd Zin, 50, after they pleaded guilty to the two charges.</p>


Mydin fined RM20,000 for selling cosmetic products without MOH notification

<p>Malaysia is stepping up its game in the semiconductor playing field, moving up the value chain by focusing on the front-end segment, said Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Malaysia is stepping up its game in semiconductor industry — Tengku Zafrul

<p>Deflation stalking China since last year is now showing signs of spiralling, threatening to worsen the outlook for the world’s second-largest economy and raising calls for immediate policy action.</p>
