<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 2): Econpile Holdings Bhd (KL:<a href="/askedge/klse/5253" class="ce-stock" target="_blank">ECONBHD</a>) has secured a RM71.2 million contract to undertake demolition, substructure and basement work for a 55-storey building located along Jalan Sultan Ismail, Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The contract was awarded to its wholly-owned subsidiary, Econpile (M) Sdn Bhd, from Platinum Victory Property Sdn Bhd, according to the construction firm's filing with the local stock exchange on Monday.</p></div>

<div class=newsTextDataWrapInner><p>The work is expected to be completed within 28 months starting from September 2, Econpile said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.</p></div>

<div class=newsTextDataWrapInner><p>Econpile has been in the red for twelve consecutive quarters. For the financial year ended June 30, 2024 (FY2024), its net loss widened to RM25.2 million from RM15.7 million the previous year, despite an 11.1% increase in revenue to RM417.6 million from RM376 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Econpile closed 1.5 sen or 3.8% higher at 41 sen on Monday, giving the company a market capitalisation of RM573.91 million.</p></div>


Econpile Holdings Bhd (KL:ECONBHD) has secured a RM71.2 million contract to undertake demolition, substructure and basement work for a 55-storey building located along Jalan Sultan Ismail, Kuala Lumpur.

Econpile wins RM71.2m contract for basement-related job in downtown KL

The Malaysian Iron and Steel Industry Federation (Misif) has called for the Independent Steel Committee (ISC) to release the findings of its study conducted, including recommendations and proposals, to the public.

Misif urges the release of Independent Steel Committee’s study  

KUALA LUMPUR (Dec 16): The High Court here has ordered former prime minister Tan Sri Muhyiddin Yassin to pay RM400,000 to DAP chairman Lim Guan Eng by year’s end, and the remaining RM1 million by Jan 27 next year.

High Court orders Muhyiddin to pay RM400k to Guan Eng by year’s end, and balance RM1m by Jan 27

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).

The UK has always been a proponent of free t...

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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.

Advancecon clinches RM45 mil infra works job from Sime Darby Property 

Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.

Gamuda's Australian unit bags RM1.8 bil EPC job for Goulburn River Solar Farm

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

One in four Indonesia firms involved in tax evasion, says World Bank 

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.

Yinson poised for strong earnings growth amid major FPSO deliveries, say analysts

International Finance Corp (IFC) sees this year’s annual funding commitments to Singapore remaining near a record level, according to a regional executive.

International Finance Corp sees Singapore commitments remaining near record US$2 bil

The Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki said recently that the anti-graft agency has launched an investigation into an individual who allegedly has information on corrupt practices by several Sabah assemblymen in relation to approvals for prospecting l...

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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.

Thailand to host two regional meetings focused on Myanmar this week — Reuters

<p>YTL Power International Bhd's (KL:YTLPOWR) data centres are well on track, with the second phase of 8MW under Johor Data Centre 1 (JDC1) expected to come online by end-2024, according to MIDF Research.</p>


MIDF Research: YTL Power on track to deliver data centres, with second 8MW under Johor Data Centre 1 to come online by year end

<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>


TopVision shares stage strong debut on ACE Market

<p>(Dec&nbsp;16) :&nbsp;Australia’s markets watchdog sued HSBC Bank of Australia Ltd&nbsp;for failing to protect customers who lost millions of dollars in scams.&nbsp;</p>


HSBC sued by Australian regulator for scam loss failures

<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>


IMF credits Malaysia’s economic reforms, calls for further action to strengthen resilience

<p>(Dec&nbsp;16):&nbsp;Asian stocks are set to fall on Monday, ahead of a swath of Chinese data and a vow from the nation’s regulators to stabilise markets. South Korean assets will be closely watched after President Yoon Suk Yeol was&nbsp;impeached.&nbsp;</p>


Asia wary of Fed rate future, China data disappoints

<p>(Dec&nbsp;16) :&nbsp;Wall Street is starting to sour on the dollar as President-elect Donald Trump’s policies and the Federal Reserve’s interest-rate cuts will likely put pressure on the greenback in the latter portion of 2025.</p>


Dollar’s trump-fuelled gains face a reality check late next year

<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>


IMF: Malaysia's neutral monetary policy 'appropriate' but brace for inflation risks in 2025

<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>


TNG Digital urges users to complete acct verification via eKYC tech from Dec 20

<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>


China's weak consumption drags on economy as Trump tariff threat looms

<p>Grab Holdings Ltd’s ability to cut costs and edge out rivals in Southeast Asia’s ride-hailing arena helped push its share performance above global peers this quarter, with some analysts citing further gains ahead.</p>


Grab stock’s big quarter has some analysts seeing further gains

<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>


Bitcoin surges above US$106,000 on strategic reserve hopes

<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>


Boeing’s year of crisis leaves investors wary of beaten-up stock

<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>


Korean won, stocks take spotlight after impeachment vote

<p>Gamuda Bhd's (KL:Gamuda) Australian subsidiary DT Infrastructure Pty Ltd has secured a A$625 million (RM1.8 billion) engineering, procurement and construction (EPC) job for the Goulburn River Solar Farm project.</p>


<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>


South Korean shares at more than two-week high after president impeached

<p>PUTRAJAYA (Dec 16): Thailand’s Prime Minister Paetongtarn Shinawatra, who is on a two-day official visit to Malaysia, attended&nbsp;an official welcoming ceremony at Perdana Putra Complex&nbsp;here on Monday.</p>


Thai PM Paetongtarn Shinawatra accorded official welcome at Perdana Putra

<p>SEOUL (Dec 16): South Korea’s Constitutional Court will begin on Monday reviewing the impeachment of President&nbsp;Yoon&nbsp;Suk Yeol over his Dec&nbsp;3&nbsp;martial law&nbsp;attempt, while investigators said they plan to question him this week.</p>


South Korean court begins review of Yoon impeachment

<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>KUALA LUMPUR (Dec 15): Umno&nbsp;Supreme Council member Tengku Datuk Seri Zafrul Tengku Abdul Aziz stressed that he has not yet made any decision regarding the rumours of him&nbsp;joining PKR.</p>


Zafrul: No decision made to join PKR

<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>
