<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 14): Electrical and mechanical engineering firm LFE Corp Bhd (KL:<a href="/askedge/klse/7170" class="ce-stock" target="_blank">LFECORP</a>) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The subcontract involves the supply, delivery, installation, testing, commissioning, and maintenance of electrical systems, said LFE Corp, adding that its wholly-owned subsidiary LFE Engineering Sdn Bhd has been nominated as the sub-contractor for the project.</p></div>

<div class=newsTextDataWrapInner><p>The contract commenced on Sept 20, 2024, with completion slated for July 19 next year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>LFE Corp said the contract is expected to contribute positively to its earnings and net assets per share for the financial year ending Dec 31, 2024 and up till the expiry of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Shares in LFE Corp closed 2.5 sen or 7.94% lower at 29 sen on Thursday, giving the group a market capitalisation of RM322 million. The stock has gained over 66% year to date.</p></div>


Electrical and mechanical engineering firm LFE Corp Bhd (KL:LFECORP) has secured a subcontract worth RM18.95 million to undertake electrical system installation works from GDP Architects Sdn Bhd.

LFE Corp bags subcontract works worth RM19 mil

Cocoa futures climbed above US$12,000 (RM53,616) a tonne in New York, reaching a fresh record amid mounting worries over reduced output in top grower Ivory Coast.

Cocoa soars above US$12,000 to reach fresh record on supply fears

Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCCECRL) on Wednesday created an operating company (OpCo) with a 50:50 interest ratio for the purpose of operating and maintaining the East Coast Rail Link (ECRL) project.

MRL and CCCECRL to jointly operate and maintain ECRL project

RHB Bank Bhd has filed an appeal against the High Court's ruling last month that Tokio Marine Life Insurance Malaysia Bhd's right to first refusal, under the bank's 10-year bancassurance arrangement with the bank, is still in effect until the expiry of the agreement on Dec 31, 2024.

RHB Bank appeals against High Court ruling on bancassurance deal with Tokio Marine

The governance aspect of Environmental, Social, and Governance (ESG) frameworks often receives less public attention than its environmental and social components, which is no surprise given the global spotlight on the imminent challenges of climate change and its widespread impacts.

MOF: Governance reforms towards better socio-economic equity

Ge-Shen Corp Bhd (KL:GESHEN) executive director Lee Hai Peng has emerged as a substantial shareholder of the contract manufacturer.

Ge-Shen executive director Lee Hai Peng emerges as substantial shareholder 

YTL Power International Bhd (KL:YTLPOWR) said the Malaysian Anti-Corruption Commission (MACC) has cleared the group's 60% owned subsidiary, YTL Communications Sdn Bhd, of any wrongdoing in connection with the 1BestariNet project.

YTL Power says MACC has cleared subsidiary of wrongdoing in 1BestariNet project

Eco World Development Group Bhd (KL:ECOWLD), in collaboration with SD Guthrie Bhd (KL:SDG) and Negeri Sembilan's state investment arm NS Corporation, will jointly develop a 1,166-acre industrial park in Bukit Pelanduk, Negeri Sembilan, that will have an estimated gross development value (GDV) of RM2.95 billion.

EcoWorld, SD Guthrie and NS Corp to jointly develop RM2.95b industrial park in Negeri Sembilan

Global shares and the US dollar edged up on Wednesday as investors made last-minute adjustments to portfolios in the countdown to the year's final flurry of central bank meetings, while news of a potential Nissan-Honda tie-up lifted car stocks.

Dollar firm before Fed, automakers rally on Honda-Nissan talks

Malaysia is set to make history as the first country in Southeast Asia to implement an LTE-Railway (LTE-R) communications network using 4G along the East Coast Rail Link (ECRL).

Transport Minister Anthony Loke said with the network, it can increase the level of communication with faster signals compared to previous technology.

ECRL to have 4G LTE communications network — Loke

Economists remain cautiously optimistic on Malaysia’s external trade outlook for 2025, following better-than-expected November data which saw the country’s trade surplus rise to a 14-month high.

Economists upbeat on Malaysia’s trade after November exports beat, flag US policy wildcard

<p>The proposed abolition of the Rule of 78 by Bank Negara Malaysia could “pave the way” for similar reforms in other financing products, including hire purchases, having a larger impact on the banking sector, according to Phillip Capital.</p>


Bank Negara's plan to abolish Rule of 78 may lead to wider financial reforms, says Phillip Capital

<p>Nissan Motor Co is in talks with fellow Japanese carmaker Honda Motor Co to merge, in a deal that would help the ailing company survive, while also creating the world’s third-largest automaker with a better chance of withstanding the industry’s ructions.</p>


Honda exploring Nissan merger, with Foxconn also in hunt for stake

<p>Fashion firm Carlo Rino Group Bhd (KL:CARLORINO) made a weak debut on the ACE Market of Bursa Malaysia, after it raised some RM46 million from its initial public offering (IPO).</p>


Carlo Rino stages weak debut in ACE Market transfer listing

<p>KUALA LUMPUR (Dec 18): Supermax Corp Bhd (KL:SUPERMX) is planning a bonus share issue on the basis of one share for every five existing shares held, along with the issuance of bonus warrants on the basis of one free warrant for every 20 existing shares held, to reward shareholders.</p>


Supermax proposes 1-for-5 bonus issue with 1-for-20 free warrants

<p>KUALA LUMPUR (Dec 18): Shares of United Plantations Bhd (KL:UTDPLT) hit fresh all-time intraday high in early morning trade on Wednesday. The stock gained 2% to touch RM33.06 to become the top gainer on Bursa Malaysia.</p>


United Plantations hits fresh record intraday high at RM33.06

<p>Solar renewable energy specialist Northern Solar Holdings Bhd, en route to list on the ACE Market of Bursa Malaysia on Feb 6, is looking to raise up to RM64.8 million from the public market to part-finance its business expansion and for working capital.</p>


ACE Market-bound Northern Solar seeks to raise up to RM65m in IPO

<p>KUALA LUMPUR (Dec 18): YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.</p>


YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman

<p>KUALA LUMPUR (Dec 18): Jati Tinggi Group Bhd (KL: JTGROUP) shares gained in active trade on Wednesday, a day after it said it won contract to supply and install photovoltaic solar panel systems at Public Bank Bhd’s (KL:PBBANK) branches for some RM14.88 million.</p>


Jati Tinggi’s shares gain in active trade early Wednesday on Public Bank contract

<p>CIMB Securities is positive on Malaysia’s equity market in 2025, underpinned by a third consecutive year of earnings growth at 8%, driven by banks, construction and utilities sectors.</p>


Banks, construction, utilities sectors to drive 2025 earnings growth — CIMB Securities

<p>UEM Sunrise Bhd (KL:UEMS) and ITRAMAS Corp Sdn Bhd have signed a memorandum of understanding (MOU) with China-based battery energy storage solutions (BESS) and power battery technology manufacturer Gotion High-Tech Co Ltd to develop a research and development (R&amp;D) centre at UEM Sunrise’s Renewable Energy (RE) Industrial Park in Gerbang Nusajaya, Iskandar Puteri, Johor.</p>


UEM Sunrise, ITRAMAS sign MOU with China-based Gotion High-Tech to develop R&D centre in Johor

<p>Pestech International Bhd (KL:PESTECH), which is now a subsidiary of Dhaya Maju Infrastructure (Asia) Sdn Bhd, announced a slew of boardroom changes on Thursday, which saw the appointments of Dhaya Maju's co-founder and its group chief executive officer to its board, with immediate effect.</p>


Dhaya Maju founder, CEO join Pestech's board, along with former chief secretary to govt Mohd Zuki

<p>US President-elect Donald Trump is poised to order changes meant to encourage domestic oil and gas development immediately after his Jan 20 inauguration.</p>


Trump is ready ‘within seconds’ to issue orders spurring drilling

<p>MIDF expects better overall growth for the tech sector in 2026 due to rising demand for artificial intelligence (AI) computing and strong investments from China.</p>


MIDF: Tech sector to rebound, post stronger growth in 2026

<p>KUALA LUMPUR (Dec 18): Nissan Motor Co and &nbsp;Honda Motor Co are exploring various possibilities for future collaboration, according to Nissan, amid news of a possible merger with Honda.</p>


Nissan confirms it is exploring collaborations with Honda

<p>KUCHING (Dec 17): The Bintulu Development Authority (BDA) has acquired a 10% stake in Pertama Ferroalloys Sdn Bhd through a share transfer memorandum of understanding (MOU), which is a milestone move for economic growth, community development, and sustainable initiatives in Sarawak.</p>


Bintulu Development Authority acquires 10% stake in Pertama Ferroalloys

<p>Former finance minister Lim Guan Eng has filed an appeal against the High Court's failure to order former prime minister Tan Sri Muhyiddin Yassin to pay interest on damages over defamatory statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.</p>


Yayasan Albukhary: Guan Eng files appeal, seeking interest on damages awarded

<p>ACE Market-bound Northern Solar Holdings Bhd plans to expand its coverage across Malaysia, targeting key regions especially in Johor and Penang, among others, on top of its existing market in the Klang Valley and Selangor areas, according to managing director Lew Shoong Kai.&nbsp;</p>


Northern Solar eyes solar energy expansion post-IPO

<p>YTL Power International Bhd (KL:YTLPOWR) said the Malaysian Anti-Corruption Commission (MACC) has cleared the group's 60% owned subsidiary, YTL Communications Sdn Bhd, of any wrongdoing in connection with the 1BestariNet project.</p>


<p>KUALA LUMPUR (Dec 18): Malaysia’s total trade in November 2024 increased 2.9% to RM237.8 billion versus RM231.1 billion a year ago, driven by growth in exports and imports, said Statistics&nbsp;Department Malaysia (DOSM).</p>


Malaysia’s total trade up 2.9% to RM237.8b in November 2024 — DOSM

<p>The Federal Reserve is expected to lower borrowing costs on Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump administration.</p>
