<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 4): Dayang Enterprise Holdings Bhd (KL:<a href="/askedge/klse/5141" class="ce-stock" target="_blank">DAYANG</a>) has bagged a contract from Shell for the provision of pan-Malaysia offshore maintenance, construction, modification (MCM) and hook-up commissioning (HUC) services.</div>

<div class=newsTextDataWrapInner>The contract value was not disclosed but will be based on work orders issues, according to Dayang's bourse filing on Monday. The contract is for Package B4 and was awarded by Sarawak Shell Bhd (SSB) and Sabah Shell Petroleum Company Ltd (SSPC) to its wholly owned unit Dayang Enterprise Sdn Bhd.</div>

<div class=newsTextDataWrapInner>The contract is effective from Oct 14 for five years, with an optional extension of three years, followed by another two years.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Dayang shares closed three sen or 1.4% higher at RM2.21 on Monday, giving it a market capitalisation of RM2.56 billion. The stock has risen 38.1% year-to-date. 
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Dayang Enterprise Holdings Bhd (KL:DAYANG) has bagged a contract from Shell for the provision of pan-Malaysia offshore maintenance, construction, modification (MCM) and hook-up commissioning (HUC) services.

Dayang wins pan-Malaysia services contract from Shell

Wall Street's main indexes rose on Tuesday as technology and chips stocks gained, while investors braced for volatile trading over the next few sessions as voting began in a tightly contested US presidential election.

Wall Street gains on election day as technology, chip stocks rise

The economic cost of climate change will likely be much more severe than previously feared, as fresh data informs models used to predict the most probable outcomes.

Taking the latest available climate data into account, including record increases in temperatures, “the projected physical risk impact” of climate change on gross domestic product (GDP) has quadrupled by 2050 in some scenarios, the Network for Greening the Financial System (NGFS) said in a report on Tuesday.

Global GDP seen taking much bigger climate hit than first feared

The US trade deficit surged to nearly a 2-1/2-year high in September as businesses boosted imports to meet robust domestic demand and in anticipation of higher tariffs on goods.

Imports boost US trade deficit to nearly 2-1/2-year high in September

The UK’s fiscal watchdog accused Treasury civil servants of breaking the law by withholding information before the March budget, raising the stakes in a blame game over who was responsible for hiding a multi-billion pound shortfall.

UK budget watchdog says Treasury officials may have broken law

Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic US election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer.

Anxious global investors brace for long-awaited US election results 

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

F&N, Xin Hwa, IOI Corp, T7 Global, TCS Group, Sime Darby Property, Aneka Jaringan

Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&P 500.

Super Micro faces delisting, S&P 500 removal amid auditor woes

Burger King parent Restaurant Brands and KFC owner Yum Brands missed market estimates for quarterly results on Tuesday, hit by choppy demand in the United States and abroad from budget-stretched customers.

Burger King, KFC owners miss results estimates as fast-food spending wanes

Electrical engineering services provider HE Group Bhd (KL:HEGROUP), which was listed on the ACE Market in January, said its major shareholders plan to dispose of 4.54% of their shares to comply with a Bumiputera equity condition set by the authorities.

HE Group's major shareholders to sell 4.54% stake to Bumiputera investors

Investigators searched the offices of US streaming giant Netflix in France and the Netherlands as part of a preliminary investigation into tax fraud laundering, a French judicial source said on Tuesday.

Tax fraud investigators search Netflix offices in Paris and Amsterdam — Reuters

The High Court here has ordered an automotive trader of parts and lubricants to pay RM516,777 to Perodua Otomobil Kedua Sdn Bhd and Perodua Sales Sdn Bhd for selling counterfeit Perodua lubricants bearing Perodua trademarks.

Automotive trader ordered to pay RM516k to Perodua for selling counterfeit lubricants

KUALA LUMPUR (Nov 5): Palm oil prices will strengthen in 2025, as tight supply of edible oil boosts earnings of Malaysian planters, AmInvestment Bank said in recommending that investors add exposure to the sector.

Palm oil prices set to rally in 2025, with AmInvestment now overweight on plantation

THE Genting group seems to have been dealt several bad hands in North America this year.

About three weeks ago, Genting Malaysia Bhd’s (GenM) (KL:GENM) indirect wholly-owned subsidiary Genting Americas Inc, which operates the Resorts World Bimini (RW Bimini) in the Bahamas, was named by...

Cost of seeking growth abroad for Genting Malaysia

Shares of Petronas Chemicals Group Bhd (KL:PCHEM) fell to their lowest in four and a half years after dropping 44 sen or 8.04% to close at RM5.03 on Tuesday, a level last seen in April 2020, as expectations mount that the group would be posting weaker results.

PetChem shares dive to lowest in over four years as expectations for weaker earnings mount

Super Micro Computer Inc started the year as a hot artificial intelligence (AI) trade. But just eight months after shares hit a record high, investors are asking whether the server maker will be delisted by Nasdaq Inc and booted from the S&amp;P 500.

Malaysia's rubber glove export is expected to climb 16% to a new record of RM13.7 billion in 2024, following the historic high of RM11.8 billion achieved in 2023, said Deputy Plantation and Commodities Minister Datuk Chan Foong Hin.

Malaysia's rubber glove exports to hit new record high this year, says Plantation Ministry

KUALA LUMPUR (Nov 5): Malaysia aims to attract both affluent locals and foreigners having assets under management (AUM) between RM500 million and RM1.2 billion to establish their family offices in the country over the next five years.

Amir Hamzah: Malaysia to attract family offices with assets of RM500m to RM1.2b

Logistics service firm Xin Hwa Holdings Bhd (KL:XINHWA) said on Tuesday its cargo transport unit’s licence to transport goods has been suspended by authorities, which it expects to adversely impact its operations.

Xin Hwa warns of adverse impact as cargo transport unit’s licence suspended by authorities

The top 15% (T15) income group to be excluded from the proposed targeted RON95 petrol subsidy will not be solely defined by the Household Income Survey, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Household income not sole measure for defining T15, says Amir Hamzah of targeted RON95 subsidy

IOI Corp Bhd (KL:IOICORP) said on Tuesday it has allocated part of its aged plantation landbank in Johor to build a solar power plant, in a move to venture into the renewable energy sector.

IOI Corp allocates land in Johor for solar power plant

KUALA LUMPUR (Nov 5): IOI Corp Bhd (KL:IOICORP) estimates that the revision of the new minimum wage to RM1,700 from RM1,500, together with the introduction of mandatory foreign worker contribution to the Employees Provident Fund (EPF) that was announced recently under Budget 2025, will impact less than 1.5% of the group’s annual net profit.

IOI Corp sees less than 1.5% impact on profit from mandatory foreign worker contribution to EPF, new minimum wage

The federal government will incorporate policies for the adoption of nuclear energy in the nation's energy mix under the upcoming 13th Malaysia Plan, set to be implemented from 2026 to 2030, as part of its goal to achieve net zero carbon emissions by 2050.

Government to include nuclear energy policies in 13th Malaysia Plan — Rafizi

When Reuters reported in April that Tesla had scrapped plans for a long-promised, next-generation US$25,000 (RM108,937) electric vehicle, the automaker’s stock plunged. Chief executive Elon Musk rushed to respond on X, his social-media network.

Musk now says it's 'pointless' to build a US$25,000 Tesla for human drivers

ON Tuesday, Nov 5, Americans will go to the polls to elect their 47th president. Incumbent Joe Biden’s four-year term of office ends at noon on Jan 20 next year, when a new president will be sworn in. Since mid-July when Biden, 82, announced that he would not seek re-election, the race has litera...

Who will win the US election and should you care?

KUALA LUMPUR (Nov 5): Shares of Dayang Enterprise Holdings Bhd (KL:DAYANG) rose on Tuesday after bagging a contract, and analysts say the win reinforced their view that the oil-and-gas services firm would be in line for more jobs.

Dayang Enterprise’s shares rally on contract win, analysts upbeat on more jobs ahead

Apple Inc&nbsp;has proposed investing almost US$10 million (RM43.68 million) to make additional goods in Indonesia, according to people familiar with the matter, as it seeks to have the country’s ban on sales of its latest iPhone removed.

Apple to offer extra investment to remove Indonesia's iPhone ban, Bloomberg reports

Construction firm Aneka Jaringan Holdings Bhd (KL:ANEKA) has secured a RM39 million contract to undertake earthwork, piling, pile caps and contiguous bored piling works in Jalan Pantai Sentral, Kuala Lumpur.

Aneka Jaringan secures RM39 mil construction contract in Kuala Lumpur

Police in Bangladesh have asked the Malaysian government to arrest and extradite two businessmen as part of a probe of alleged money laundering, extortion and trafficking of migrant workers.

Bangladesh seeks arrest of Bestinet founder, associate in worker trafficking probe

KUALA TERENGGANU (Nov 5): A mosque chairman in a Terengganu district has been remanded for six days in connection with an investigation into allegations of submitting a fraudulent list of ineligible zakat recipients in&nbsp;April.

Terengganu mosque chairman remanded in zakat fraud investigation — MACC

SHANGHAI (Nov 5): The principle of the policy of shared future is well received by countries in Asia, Africa, Latin America and the Global South, and that is precisely the reason why Malaysia agreed to participate in BRICS (Brazil, Russia, India, China, and South Africa), Malaysia’s Prime Minister Datuk Sri Anwar Ibrahim said on Tuesday.