<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 3): Cahya Mata Sarawak Bhd (KL:<a href="/askedge/klse/2852" class="ce-stock" target="_blank">CMSB</a>) said its wholly owned unit Cahya Mata Intelligent Technologies Sdn Bhd has initiated arbitration proceedings against Vienna Advantage GmbH over a contract dispute.</p></div>

<div class=newsTextDataWrapInner><p>The dispute pertains to Vienna Advantage’s alleged failure to supply and implement enterprise resource planning and related services agreed upon under various agreements inked between July 2019 and November 2023, according to CMSB’s bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>“By reason of the breach of the master agreement by Vienna Advantage, Cahya Mata IT has suffered losses and damages,” said the diversified group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>No further details of the contract nor Vienna Advantage were provided in the filing.</p></div>

<div class=newsTextDataWrapInner><p>“The arbitration is not expected to have any potential business, financial or operational impact on CMSB,” said the company.</p></div>

<div class=newsTextDataWrapInner><p>Shares in CMSB fell one sen to close at RM1.05, valuing the group at RM1.13 billion.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/article/cahya-mata-sarawak-deputy-chairman-bekir-stay-conflict-interest-allegation-without-basis" target="_blank">Cahya Mata Sarawak: Deputy chairman Bekir to stay on, conflict of interest allegation 'without basis'</a></em><br />
&nbsp;</p></div>


Cahya Mata Sarawak Bhd (KL:CMSB) said its wholly owned unit Cahya Mata Intelligent Technologies Sdn Bhd has initiated arbitration proceedings against Vienna Advantage GmbH over a contract dispute.

The dispute pertains to Vienna Advantage’s alleged failure to supply and implement enterprise resource planning and related services agreed upon under various agreements inked between July 2019 and November 2023, according to CMSB’s bourse filing.

Cahya Mata Sarawak initiates arbitration against Vienna Advantage over contract dispute

The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

The absence of accurate numbers of individuals without identification documents poses a challenge for the National Registration Department (JPN) in identifying the Orang Asli and indigenous communities who are still left out of the national registration system.

JPN faces challenge in identifying affected groups due to lack of identification documents

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China.

LVMH sales at key unit fall as China woes hurt Louis Vuitton

The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Budget 2027: Govt confident of RM510 bil expenditure without introducing new taxes — Amir Hamzah

The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Eight of Malaysia’s nine anti-dumping measures cover iron, steel products — Miti

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

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

Malaysia will raise the issue of transboundary haze at an Asean foreign ministers’ meeting ahead of the bloc’s 49th Summit in Manila, the Philippines, next month to discuss more effective regional mechanisms to tackle the problem.

Malaysia to raise haze issue at Asean foreign ministers’ meeting — Tok Mat

The Ministry of Investment, Trade and Industry (Miti) is implementing a carbon capture, utilisation, and storage (CCUS) pilot project at an iron and steel plant on the East Coast, expected to be finalised by the end of 2027.

Iron and steel industry CCUS pilot project expected to be finalised by end-2027 — Miti

US authorities conducted a predawn raid on Monday on the Washington-area home of Democratic US Representative Ilhan Omar of Minnesota, an outspoken critic of Donald Trump who has been the target of political insults by the Republican president, as part of an ongoing investigation, the Justice Department said.

US immigration authorities raid Democratic congresswoman Ilhan Omar's home

<p>AS the life expectancy of Malaysians increases, Putrajaya is aiming for at least 60% of Employees Provident Fund (EPF) members to meet the Basic Savings benchmark of RM390,000 by age 60 by 2030. However, the government acknowledges that many Malaysians still risk outliving their savings during a ...

The State of the Nation: Recasting the age 55 EPF withdrawal into a lifetime pension promise  

<p>FORMER Employees Provident Fund CEO Tan Sri Shahril Ridza Ridzuan’s suggestion that employers raise their EPF contribution level to help lift the retirement savings of lower-wage earners raised eyebrows as it called attention to his illustration that employers could hypothetically contribute only...

The State of the Nation: Don’t penalise high-income earners when lifting EPF contribution for lower-wage cohorts

<p>Sime Darby Property Bhd (KL:SIMEPROP) has secured a 100% take-up for the first phase of Seroja Gardens at Nilai Impian, Negeri Sembilan, within three hours of its launch in September.</p>


Sime Darby Property’s Seroja Gardens Phase 1 sold out in three hours

<p>Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon, better known as TS Wong, has continued to sell down his shareholding, further reducing his stake in the company.</p>


TS Wong’s stake in Zetrix falls further, independent director Mohd Mokhtar resigns

<p>KUALA LUMPUR (Oct 12): United Malacca Bhd (KL:UMCCA) said minority shareholders will be compensated for missing a general offer that should have been launched in 2024.</p>


United Malacca to compensate minority shareholders for missing general offer

<p>IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&amp;S Austria Technologie &amp; Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah.</p>


IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin said Malaysia should develop new revenue sources to support its finances beyond petroleum, proposing the establishment of a national rare earth entity modelled on Petroliam Nasional Bhd (PETRONAS).</p>


Hamzah proposes PETRONAS-style rare earth entity to develop industry

<p>KUALA LUMPUR (Oct 12): Opposition leader Datuk Seri Hamzah Zainuddin urged the government and Lembaga Tabung Haji (TH) to review the RM15,000 minimum savings requirement for eligibility to join the haj queue.</p>


Opposition leader urges review of Tabung Haji’s RM15k minimum savings requirement for haj queue

<p>KUALA LUMPUR (Oct 12): Batik Air has cancelled its scheduled flight from Kuala Lumpur International Airport (KLIA) to Jeddah, Saudi Arabia, on Monday as a precautionary measure amid the ongoing conflict.</p>


Batik Air cancels Oct 12 KL-Jeddah flight

<p>IN Malaysian restaurants, a telling sign of growing pressure on household budgets can be seen in what customers are increasingly omitting from their orders.</p>

<p>In its latest Malaysia Retail Industry Report, Retail Group Malaysia (RGM) says many diners are choosing cheaper dishes and drinks...

The State of the Nation: Malaysia’s economy growing, but consumers counting every ringgit

<p>THE government’s move to support a fundraising drive for low-cost carrier AirAsia Group Bhd (KL:AAGB) is raising questions over how far it should go to help a heavily indebted private company and whether taxpayers could ultimately be left footing the bill.</p>

<p>People familiar with the matte...

Debate over government’s role in private enterprise

<p>IOIPG Malaysia REIT has entered into an underwriting agreement with a group of six financial institutions for its initial public offering (IPO) on the Main Market.</p>


Six financial institutions to underwrite 165m units of IOIPG Malaysia REIT Main Market IPO

<p>Singapore rolled out subsidies for haze-related medical treatment Monday and schools were closed in parts of neighbouring Malaysia, as both countries grapple with persistently unhealthy air quality due to fires in nearby Indonesia.</p>


Singapore rolls out haze subsidies as Malaysia extends school closures

<p>KUALA LUMPUR (Oct 12): Chin Hin Group Property Bhd (KL:CHGP) has officially launched the sales gallery for its latest residential development, Ophira Resort Residences, at The MET Corporate Towers in Dutamas, Kuala Lumpur.</p>


Chin Hin Group Property launches sales gallery for RM814m Ophira Resort Residences

<p>Kinergy Advancement Bhd (KL:KINERGY) has secured a RM47.5 million subcontract from Gamuda Bhd's (KL:GAMUDA) unit for electrical works at a hyperscale data centre in Bandar Spring Hill, Port Dickson.</p>


Kinergy bags RM47.5m electrical works contract for hyperscale data centre

<p>RAM Holdings Bhd announces the retirement of Chris Lee Wai Kit as group chief executive officer and executive director of RAM Holdings and RAM Rating Services Bd (RAM Ratings), effective Sept 30, 2026, with Julie Ng stepping in as its acting chief.</p>


Chris Lee retires as RAM group CEO; Julie Ng is acting chief

<p>Only individuals or company representatives registered as intermediaries and approved by the Road Transport Department (JPJ) will be allowed to conduct transactions on behalf of customers at all JPJ offices and branches nationwide from Jan 1.</p>


JPJ: Only registered intermediaries can handle customer transactions from Jan 1

<p>PUTRAJAYA (Oct 12): A 10-year extension of income tax exemptions is expected to encourage more shipping companies to register their vessels in Malaysia rather than in other countries offering tax incentives, Transport Minister Anthony Loke said.</p>


Loke: Tax exemption extension to attract shipping firms to Malaysia

<p>MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia.<br />
&nbsp;</p>


MN Holdings bags RM294 mil job to build power facilities for a data centre

<p>The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated.</p>
