<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 11): Oil and gas service provider Steel Hawk Bhd (KL:<a href="/askedge/klse/0320" class="ce-stock" target="_blank">HAWK</a>) said it has been awarded an operational pigging supply and services contract by Petronas Gas Bhd (KL:<a href="/askedge/klse/6033" class="ce-stock" target="_blank">PETGAS</a>).</p></div>

<div class=newsTextDataWrapInner><p>The three-year contract is on a call-out basis and so does not have a fixed value, Steel Hawk said in a bourse filing on Friday.</p></div>

<div class=newsTextDataWrapInner><p>"We are engaged by Petronas Gas to provide specified services for the duration of the contract, as and when such services are required," the company said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It expects the contract to contribute positively to its earnings for the financial year ending Dec 31, 2024.</p></div>

<div class=newsTextDataWrapInner><p>Last month, Steel Hawk transferred its listing to the ACE Market&nbsp; from the LEAP Market of Bursa Malaysia, which involved an initial public offering (IPO).</p></div>

<div class=newsTextDataWrapInner><p>Steel Hawk shares closed at 31 sen on Friday — more than double the IPO price of 15 sen — giving a market capitalisation of RM152 million.</p></div>


Oil and gas service provider Steel Hawk Bhd (KL:HAWK) said it has been awarded an operational pigging supply and services contract by Petronas Gas Bhd (KL:PETGAS).

Steel Hawk secures operational pigging supply and services contract from Petronas Gas

In recent years, China has emerged as a global front runner in the development of the flying car technology, with prominent players like XPeng Motors and Ehang pushing the boundaries of innovation. These advancements bring the once futuristic concept of flying cars closer to reality, promising to revolutionise transportation and urban living.

Soaring ambition: The future of flying cars

Truly a fulfilling rest with Coway BEREX MASSAGE BED

Canada expelled six Indian diplomats including the high commissioner on Monday, linking them to the murder of a Sikh separatist leader and alleging a broader effort to target Indian dissidents in Canada.

Canada expels top India diplomats, links them to murder of Sikh leader

Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.

Typhoon-hit Southeast Asian countries to see rainier end to 2024

Asian shares are poised to follow the lead of another strong performance on Wall Street, with stocks hitting fresh all-time highs. Oil dropped as concerns eased about Israel attacking Iranian energy facilities.

Asian stocks poised to track US gains; oil drops

Stocks hit fresh all-time highs as investors looked ahead to Corporate America for further vindication of soft-landing bets.

Without much in the way of economic data this week, earnings reports are poised to drive Wall Street sentiment. The S&P 500 rose almost 1%, notching another record — its 46th this year. That’s a hint investors are not deterred by the reduced forecasts for third-quarter results, and are instead betting this reporting season will once again deliver positive surprises.

Wall St rises as earnings set to kick into high gear

Oil prices fell 2% on Monday as Opec again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil imports fell for the fifth straight month.

China's stimulus plans failed to inspire investor confidence while markets kept watching for potential Israeli attacks on Iranian oil infrastructure.

Oil falls 2% as Opec cuts oil demand view, China concerns weigh

A brief recap of some business news and corporate announcements that made the headlines on Monday.

Genting Malaysia, Mr DIY, Capital A, AirAsia X, Sungei Bagan, Kuchai, Ho Hup, Ecobuilt, Critical Holdings, IJM, Fajarbaru, BCB, Pan Malaysia, Tanco

The private sector plays a crucial role in the transition towards a low-carbon economy, said Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof at The Edge Malaysia ESG Awards 2024.

Vitrox, BIMB Investment Management biggest winners at The Edge Malaysia ESG Awards 2024

Construction outfit Vizione Holdings Bhd (KL:VIZIONE) said the group is being sued for RM3.3 million by a firm for alleged breach of a consultancy agreement signed in 2018 relating to a land sale.

Vizione sued over consultancy agreement dispute

<p>Mr DIY Group (M) Bhd's (KL:MRDIY) largest shareholder, Bee Family Ltd, offloaded 71.7 million shares, representing a 0.76% stake in the home improvement retailer, for a total of RM149.37 million.</p>


Bee Family offloads 71.7 mil shares in Mr DIY for RM149.37m 

<p>A brief recap of some business news and corporate announcements that made the headlines on Monday.</p>


<p>The private sector plays a crucial role in the transition towards a low-carbon economy, said Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof at The Edge Malaysia ESG Awards 2024.</p>


<p>Property developer Kuchai Development Bhd (KL:KUCHAI) announced that it has become a cash company following the completion of its disposal of assets and liabilities to Sungei Bagan Rubber Company (M) Bhd (KL:SBAGAN).</p>


Kuchai turns cash company after completing disposal of assets and liabilities to Sungei Bagan 

<p>Fajarbaru Builder Group Bhd (KL:FAJAR) said on Monday that it will pay Penang Development Corp (PDC) RM111.45 million to undertake a joint development of a medical city and mixed development hub in Bandar Cassia, Batu Kawan.</p>


Fajarbaru buys Batu Kawan land for RM111m for healthcare hub project

<p>Construction outfit Vizione Holdings Bhd (KL:VIZIONE) said the group is being sued for RM3.3 million by a firm for alleged breach of a consultancy agreement signed in 2018 relating to a land sale.</p>


<p>The S&amp;P 500 and Nasdaq rose on Monday, with the benchmark index touching an intraday record high as investors geared up for a week packed with corporate earnings and crucial economic data that will likely test stretched stock market valuations.</p>


S&P 500 hits record high on chip stocks; corporate results, key data in focus

<p>Property developer Tanco Holdings Bhd (KL:TANCO) said it is forming an 80:20 joint venture&nbsp; with Menteri Besar Negeri Sembilan (Inc) (MBINS) to develop an industrial park in Port Dickson.</p>


Tanco partners with Negeri Sembilan state-owned firm to develop industrial park

<p>Southeast Asia could see higher-than-normal rainfall in the coming months, threatening further disruptions to agriculture, tourism, and industrial output in a region already hit by a series of storms this year.</p>


<p>The Melaka state government is committed to positioning the state as a leading hub for electric vehicle (EV) production in Malaysia, in line with Sustainable Development Goal 13 (SDG13), which emphasises urgent action to combat climate change and its impacts.</p>


Chief minister: Melaka poised to become EV manufacturing hub

<p>Despite the strong economic headlines, most small and medium enterprises (SMEs) are still experiencing margin compression and are struggling due to a mix of digital disruption, labour shortages, and rising compliance costs.</p>


Samenta: SMEs continue to experience margin compression

<p>The Investment, Trade and Industry Ministry (Miti) and the Malaysian Investment Development Authority (Mida) are supervising investments of RM17.9 billion from China approved in the manufacturing sector from 2023 to the first half of 2024.</p>


Miti: RM17.9b investments from China approved from 2023 till 1H2024 

<p>Asian shares are poised to follow the lead of another strong performance on Wall Street, with stocks hitting fresh all-time highs. Oil dropped as concerns eased about Israel attacking Iranian energy facilities.</p>


<p>Malaysia recorded a total of 16.45 million international tourist arrivals as of August 2024, achieving over 60% of its full-year target of 27.3 million international tourists.</p>


Malaysia sees 16.45 mil foreign tourist arrivals as of August — Tiong

<p>Oil prices fell 2% on Monday as Opec again lowered its outlook for 2024 and 2025 global oil demand growth while China's oil imports fell for the fifth straight month.</p>

<p>China's stimulus plans failed to inspire investor confidence while markets kept watching for potential Israeli attacks on Iranian oil infrastructure.</p>


<p>British Prime Minister Keir Starmer promised on Monday to scrap regulation that holds back economic growth as he hosted some of the world's biggest businesses at a conference designed to woo international investors.</p>


UK pledges regulatory overhaul in bid to lure wary investors

<p>India’s inflation accelerated at a faster pace than expected in September, justifying the central bank’s caution as calls grow to cut interest rates.</p>


India’s inflation at nine-month high keeps RBI on guard

<p>Canada expelled six Indian diplomats including the high commissioner on Monday, linking them to the murder of a Sikh separatist leader and alleging a broader effort to target Indian dissidents in Canada.</p>


<p>Stocks hit fresh all-time highs as investors looked ahead to Corporate America for further vindication of soft-landing bets.</p>

<p>Without much in the way of economic data this week, earnings reports are poised to drive Wall Street sentiment. The S&amp;P 500 rose almost 1%, notching another record — its 46th this year. That’s a hint investors are not deterred by the reduced forecasts for third-quarter results, and are instead betting this reporting season will once again deliver positive surprises.</p>


<p>In recent years, China has emerged as a global front runner in the development of the flying car technology, with prominent players like XPeng Motors and Ehang pushing the boundaries of innovation. These advancements bring the once futuristic concept of flying cars closer to reality, promising to revolutionise transportation and urban living.</p>
