<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 16): Silver Ridge Holdings Bhd (KL:<a href="/askedge/klse/0129" class="ce-stock" target="_blank">SRIDGE</a>) said on Thursday that a legal dispute between the&nbsp; telecommunication system solutions provider and a subcontractor over an outstanding contract payment has been resolved through mediation.</p></div>

<div class=newsTextDataWrapInner><p>The settlement was part of a consent judgment recorded at the High Court on Wednesday, the company said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>The subcontractor, Wilstech Sdn Bhd, had previously claimed that both parties had agreed that the final outstanding sum relating to five contracts for the provision of equipment to install telecommunication facilities stood at RM1.36 million (comprising debt of RM1.01 million plus interest). The contracts were valued at an aggregate RM16.26 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Silver Ridge had disputed the claim and denied the existence of any agreed settlement.</p></div>

<div class=newsTextDataWrapInner><p>Under the consent judgment recorded on Wednesday, Silver Ridge will pay Wilstech RM1.01 million in 24 monthly instalments.&nbsp; No additional costs were awarded by the court.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Shares in Silver Ridge ended 0.5 sen lower at 47.5 sen on Thursday, valuing the company at RM122.95 million.</p></div>

<div class=newsTextDataWrapInner><p><i>Read also:<br />
<a href="https://theedgemalaysia.com/node/708681" target="_blank">Silver Ridge’s unit slapped with suit over alleged unpaid contract sums</a></i></p></div>


Silver Ridge Holdings Bhd (KL:SRIDGE) said on Thursday that a legal dispute between the  telecommunication system solutions provider and a subcontractor over an outstanding contract payment has been resolved through mediation.

Silver Ridge settles dispute with subcontractor over outstanding contract payment

TOKYO/LONDON (Jan 30): Global shares rose as investors digested earnings from Microsoft and Meta, in the wake of this week's rout in technology stocks, while the dollar was steady against most other currencies after the US Federal Reserve left rates unchanged.

Stocks gain as megacap earnings land; dollar firm after Fed pause

WASHINGTON (Jan 29): A US trade tribunal sided with Juul Labs on Wednesday and ordered a ban on imports of vaping devices and cartridges made by Altria's — at least some of which are made in China and Malaysia — in a patent dispute over e-cigarette technology.

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KUALA LUMPUR (Jan 30): The Employees Provident Fund (EPF) is temporarily closing its Bintulu office starting Thursday until further notice, following power shutdown in the building as a safety precaution due to rising floodwaters in the area.

EPF: Temporary closure of Bintulu office due to floods

BENGALURU (Jan 30): Shell on Thursday reported a fourth-quarter profit of US$3.66 billion (RM16.06 billion), missing estimates, on lower refining margins and lower liquefied natural gas (LNG) trading, while saying it would buy back shares worth US$3.5 billion.

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NEW YORK (Jan 29): Global arabica coffee prices hit record highs above US$3.60 per lb (pound) on Wednesday as Brazil, by far the world's largest producer, has few beans left to sell, and as worries over its upcoming harvest persist.

Coffee prices surge to record highs above US$3.60 per lb

Pre-war shophouses in Malaysia add a certain charm and depth to its cityscapes. In Kuala Lumpur, many of them are concentrated around the confluence of the Klang and Gombak Rivers, where the town is said to have started and grown in the mid-19th century as a trading post, spurred by tin mining.

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<p>TOKYO/LONDON (Jan 30): Global shares rose as investors digested earnings from Microsoft and Meta,&nbsp;in the wake of this week's rout in technology stocks, while the dollar was steady against most other currencies after the US Federal Reserve left rates unchanged.</p>


<p>Pre-war shophouses in Malaysia add a certain charm and depth to its cityscapes. In Kuala Lumpur, many of them are concentrated around the confluence of the Klang and Gombak Rivers, where the town is said to have started and grown in the mid-19th century as a trading post, spurred by tin mining.</...

<p>(Jan 30):&nbsp;Trump administration officials are exploring additional curbs on the sale of Nvidia Corp&nbsp;chips to China, according to people familiar with the matter, who emphasised that conversations are in very early stages as the new team works through policy priorities.&nbsp;</p>


Trump officials discuss tighter curbs on Nvidia’s China sales — Bloomberg

<p>(Jan 30): The Bank of Japan (BOJ) made a significant step towards shrinking its massive balance sheet last week, while market watchers were fixated on the biggest interest rate increase from the central bank in 18 years.&nbsp;</p>


BOJ to slice almost US$500b off balance sheet with QT move

<p>(Jan 29): Microsoft Corp and OpenAI are investigating whether data output from OpenAI’s technology was obtained in an unauthorised manner by a group linked to Chinese artificial intelligence (AI) startup DeepSeek, according to people familiar with the matter.</p>


Microsoft probing if DeepSeek-linked group improperly obtained OpenAI data — Bloomberg

<p>(Jan 30): SoftBank Group Corp&nbsp;is in discussions to invest as much as US$25 billion (RM109.75 billion) in OpenAI, in a move that would potentially make it the artificial intelligence (AI) startup’s biggest backer.</p>


SoftBank in talks to invest up to US$25b in OpenAI — Bloomberg

<p>KUALA TERENGGANU (Jan 30): A&nbsp;vegetable trader lost RM214,700 after being duped by a fraudulent investment scheme advertised on Facebook.</p>


Woman loses over RM200,000 to fake investment scam

<p>BENGALURU (Jan 29): Tesla said it was on track to roll out new, cheaper electric vehicle (EV) models in the first half of 2025, and would start testing a paid autonomous car service in June, enthusing investors and overshadowing quarterly results that fell short of Wall Street expectations on Wednesday.</p>


<p>(Jan 30):&nbsp;Stocks slipped and short-dated bond yields rose, though both pared bigger moves as early concern that the US Federal Reserve was growing more worried about inflation got tamped down by chair Jerome Powell.</p>


Stocks fall on Fed day as tech mixed in late hours

<p>US-China tech rivalry has catalysed significant shifts in supply chains, creating openings for Southeast Asian nations such as Malaysia to attract foreign investments under the China Plus One (China+1) strategy amid the AI boom. The race for semiconductor supremacy is not just about business, tho...

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<p>NEW YORK (Jan 29): Global arabica coffee prices hit record highs above US$3.60 per lb (pound) on Wednesday as Brazil, by far the world's largest producer, has few beans left to sell, and as worries over its upcoming harvest persist.</p>


<p>FORMER prime minister Datuk Seri Najib Razak last week agreed with the prosecution that The Edge Media Group chairman Tan Sri Tong Kooi Ong had alerted him to Low Taek Jho’s (Jho Low) pilfering of 1MDB funds. Tong’s visit, Najib said, had increased his misgivings about the flamboyant businessman ...

<p>(Jan 30):&nbsp;It’s not a skip, it’s a pause — and maybe an extended one.</p>


Powell signals Fed on hold as Trump’s economic policies take shape

<p>WASHINGTON (Jan 29): A US trade tribunal sided with Juul Labs on Wednesday and ordered a ban on imports of vaping devices and cartridges made by Altria's&nbsp;— at least some of which are made in China and Malaysia — in a patent dispute over e-cigarette technology.</p>


<p>KUCHING (Jan 30): The number of flood victims in Sarawak almost doubled as of 8am on Thursday, when 5,385 people from 1,505 families sought shelter at temporary relief centres, compared to 2,981 people from 862 families on Wednesday night.</p>


Sarawak floods: Number of victims almost doubles to 5,385

<p>PUTRAJAYA (Jan 30): The Malaysian Anti-Corruption Commission (MACC) is integrating blockchain technology and artificial intelligence (AI) into its operations and investigations to combat increasingly sophisticated corruption tactics.</p>


<p>Microsoft&nbsp;on Wednesday forecast disappointing growth in its cloud computing business, sending its shares down more than 5% as investors worry about big spending, elusive artificial intelligence revenue and growing competition from cheaper AI models from China.</p>


Microsoft shares slide as cloud forecast, AI spending disappoint

<p>MEXICO CITY (Jan 29): Meta Platforms on Wednesday said it has agreed to pay about US$25 million (RM109.75 million) to settle a lawsuit by President Donald Trump over the company's suspension of his accounts after the Jan&nbsp;6, 2021, attack at the US&nbsp;Capitol.</p>


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<p>Being a top banker in the nation’s most important government-owned bank is a privileged position. Doors open as one wanders through the corridors of power, gourmet lunches served as the inner workings of politics and business are laid bare. A nod, a smile or the calculated silence — what more a s...