<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 13): Bumi Armada Bhd (KL:<a href="/askedge/klse/5210" class="ce-stock" target="_blank">ARMADA</a>) said its floating production storage and offloading (FPSO) vessel, Armada TGT1, has secured a two-year charter extension worth US$74.4 million (RM330.93 million).</div>

<div class=newsTextDataWrapInner>The bareboat charter contract was extended by Vietnam's petroleum producer Hoang Long Joint Operating Co for the Te Giac Trang field located offshore Vietnam, said Bumi Armada in a bourse filing on Wednesday.</div>

<div class=newsTextDataWrapInner>It said that since commencing operations at the Te Giac Trang field project in August 2011, the Armada TGT1 has achieved an average oil and gas uptime of more than 98% and zero lost time incidents.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Bumi Armada shares closed half a sen or 1% higher at 49.5 sen on Wednesday, valuing the &nbsp;company at RM2.93 billion. 
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Bumi Armada Bhd (KL:ARMADA) said its floating production storage and offloading (FPSO) vessel, Armada TGT1, has secured a two-year charter extension worth US$74.4 million (RM330.93 million).

Bumi Armada’s FPSO gets contract extension worth RM331 mil

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.

Gaza ceasefire to start on Sunday morning following Israeli approval

South Korea’s impeached President Yoon Suk Yeol appeared in court on Saturday to argue against a request for his detention to be extended after his arrest earlier this week.

Impeached S Korean president Yoon defends himself in court against longer detention

The Ministry of Transport (MOT) will hold talks with the Road Transport Department (JPJ) to enable the mobile application for the selling and buying of used motorcycles to be integrated with the mySIKAP system for simpler, faster and safer transactions.

MOT, JPJ to discuss integrating app for buying and selling used motorcycles with mySIKAP

The Malaysian Anti-Corruption Commission (MACC) has detained four more individuals suspected of accepting bribes in return for assisting in processing and approving personal loan applications submitted by a financial consultancy firm.

MACC arrests four more suspects over loan bribery scandal

Phase 3 of the e-invoicing initiative has received over 4,900 early voluntary participants, according to the Inland Revenue Board (IRB).

In a statement on Saturday, the IRB noted that the e-invoicing implementation had now entered the second phase and shown a promising increase in participation.

Over 4,900 early voluntary participants in Phase 3 of e-invoicing, says IRB

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

JF Tech boss sees water infrastructure potential in Cosmos as he becomes second-largest shareholder

Deutsche Lufthansa AG completed the acquisition of a minority stake in Italian carrier ITA Airways late on Friday after first making an offer for its competitor in January 2023.

Lufthansa finalises deal for 41% stake in Italy’s ITA Airways

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

HLB forecasts M'sian economic growth at moderate pace of 4.5% to 5% in 2025

A four-day road ban on goods vehicles will be enforced in conjunction with the Chinese New Year celebration to alleviate traffic congestion and minimise the risk of accidents.

MOT to enforce road ban on goods vehicles during Chinese New Year

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

MCMC discussing LinkedIn licensing with platform owner Microsoft, says Fahmi

Long queues were spotted at Sports Toto Bhd's (KL:SPTOTO) outlets across Malaysia on Saturday, as eager punters lined up for a chance to strike it rich with the record-breaking RM100 million Supreme 6/58 jackpot.

Nationwide frenzy: Long queues at Sports Toto outlets as punters hope to win RM100m jackpot

In a last-minute move by the Biden-Harris administration, a new Interim Final Rule on Artificial Intelligence Diffusion was announced on Monday (Jan 13), imposing stricter export controls on US-developed AI chips.

Is Malaysia’s chip sector prepared for the storm?

Malaysia’s Energy Commission (EC) will conduct an open tender for the large-scale solar (LSS) Petra 5+ programme, offering opportunities to develop solar plants with capacities ranging from 10MW to 500MW, scheduled for operation in 2027.

Malaysia calls for second LSS5 bid, targets 2GW

US President-elect Donald Trump’s policies risk stunting global growth and weakening demand for Malaysian chips, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

US trade war threatens demand for Malaysian chips, says Zafrul

Intel Corp&nbsp;shares jumped as much as 9.5% on Friday morning after a report on a technology news site said the beleaguered chipmaker is an acquisition target.

Intel shares jump on report it’s an acquisition target

TikTok said it will be forced to “go dark” in the US on Sunday unless there is a clear statement from the Biden administration to service providers that are maintaining its availability.

TikTok says to ‘go dark’ in US on Sunday without White House clarity

Prime Minister Datuk Seri Anwar Ibrahim’s visit to the UK has successfully attracted&nbsp;RM11 billion in potential investments across various sectors, including renewable energy and the digital economy.

PM's UK visit attracts potential investments worth RM11b

JF Technology Bhd (KL:JFTECH) co-founder and managing director Datuk Foong Wei Kuong, who became the second-largest shareholder of Cosmos Technology International Bhd (KL:COSMOS) on Wednesday, said he intends to tap into the growing opportunities within Malaysia's water infrastructure sector.

Outgoing Treasury Secretary Janet Yellen said her department will start taking special accounting manoeuvres as of Jan&nbsp;21 to avoid breaching the US debt limit, and urged lawmakers again to take steps to increase or suspend the statutory ceiling.

US to take extraordinary steps to avert default, Yellen says

Donald&nbsp;Trump's&nbsp;incoming US&nbsp;presidential administration plans to intensify immigration enforcement nationwide soon after he takes office on Monday, a person with knowledge of the plans said.

Trump plans to intensify immigration enforcement soon after inauguration, Reuters reports

Malaysia's economy is projected to grow at a moderate pace of 4.5% to 5.0% in 2025, benefiting from strong economic fundamentals and an uptick in foreign investments, Hong Leong Bank Bhd or HLB (KL:HLBANK) said.

With US President-elect Donald Trump due to be sworn in on Monday, Jan&nbsp;20, Malaysia believes it can navigate any&nbsp;political or economic&nbsp;uncertainties arising from his second term in the White House.

Malaysia confident of navigating possible challenges from Trump's presidency, says Anwar

Malaysians abroad should not underestimate the technological advancement, expertise and talent available back home, said Prime Minister Datuk Seri Anwar Ibrahim.

Don’t underestimate technological advancement and talent back home, says Anwar

All parties to Israel-Hamas war have agreed that the Gaza ceasefire will take effect at 8.30am&nbsp;local time on Sunday, a few hours earlier than had been anticipated, Qatar announced.&nbsp;

Chief Minister Chow Kon Yeow has denied recent claims in local media reports that the state government plans to increase hotel accommodation fees by up to 50% this year.

Penang has no plans to raise hotel fees, says CM

Bitcoin appears to be back on track towards record highs with the second presidential inauguration of pro-crypto Donald Trump just days away.&nbsp;

The largest cryptocurrency by market value has climbed as much as 13% since Sunday, putting it on pace for the biggest weekly gain since election week in November. Bitcoin, which reached a record US$108,315 (RM487,851) in December, had declined in three of the prior four weeks. It was up about 4.9% to US$105,076 as of 3.44pm&nbsp;in New York.

Bitcoin jumps to high for year ahead of Trump inauguration

Discussions are underway between the Malaysian Communications and Multimedia Commission (MCMC) and Microsoft, the owner of LinkedIn, regarding the licensing of the social media platform, said Communications Minister Fahmi Fadzil.

A four-day&nbsp;road ban on goods vehicles will be enforced in conjunction with&nbsp;the Chinese New Year celebration to alleviate traffic congestion and minimise&nbsp;the risk of accidents.

Bank of America Corp&nbsp;is divvying up a roughly US$1 billion (RM4.5&nbsp;billion) pool of restricted stock among the majority of its staff, lifting compensation to retain employees as the lender seeks to boost earnings while keeping a lid on expenses.

Bank of America staff to share about US$1b of stock awards

The US Federal Reserve (Fed) has withdrawn from the Network of Central Banks and Supervisors for Greening the Financial System (NGFS), a global coalition of central banks engaged in the study of climate risk that was launched in 2017.