<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 10): Kumpulan Kitacon Bhd (KL:<a href="/askedge/klse/5310" class="ce-stock" target="_blank">KITACON</a>) announced on Monday that it has secured a RM104.3 million building works contract.</p></div>

<div class=newsTextDataWrapInner><p>The contract covers the construction and completion of 16 semi-detached factories with offices, four additional factory units, and three substations with related infrastructure in Bandar Bukit Raja III, Klang, Selangor, the company said in an exchange filing.</p></div>

<div class=newsTextDataWrapInner><p>Work is set to start on Feb 24, 2025, to be completed within 18 months, Kitacon said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract was awarded to its wholly owned unit Kitacon Sdn Bhd by Sime Darby Property (BBR3 Asset 1) Sdn Bhd, a wholly owned subsidiary of Sime Darby Property Bhd (KL:<a href="/askedge/klse/5288" class="ce-stock" target="_blank">SIMEPROP</a>).</p></div>

<div class=newsTextDataWrapInner><p>With the&nbsp;latest contract win, Kitacon’s outstanding order book has now surpassed RM1.5 billion.&nbsp;The project is the second major contract announced this year. In January, the company secured a construction contract worth RM65.68 million for bungalows in Sungai Buloh, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Kitacon jumped 2.74% on Monday, or 2 sen, to 75 sen, giving the company a market capitalisation of RM375 million. Over the last 12 months, the counter had increased by 19.05%.&nbsp;<br />
&nbsp;</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/739973" onclick="window.open(this.href, '', 'resizable=no,status=no,location=no,toolbar=no,menubar=no,fullscreen=no,scrollbars=no,dependent=no'); return false;">Kumpulan Kitacon bags RM66 mil residential project in Sungai Buloh</a></em></p></div>


KUALA LUMPUR (Feb 10): Kumpulan Kitacon Bhd (KL:KITACON) announced on Monday that it has secured a RM104.3 million building works contract.

Kumpulan Kitacon gets construction contracts worth RM104 mil

A total of 8,000 businesses in Kuala Lumpur renewed their business licences within two months after a new multi-year renewal initiative was introduced in July.

A total of 8,000 businesses renew DBKL licences in two months — Hannah

Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters.

The operation, expected to be launched in the coming weeks, will by led by Yemeni forces on the ground, which are overseen by Riyadh, and supported by Saudi air strikes, according to six people with knowledge of the preparations.

Saudis plan assault on Houthis to break Red Sea chokehold

Kuala Lumpur Kepong Bhd (KLK) said its wholly‑owned Indonesian unit, PT Perindustrian Sawit Synergi (PT PSS), has received the arbitral award in a dispute involving the termination of a gas supply agreement.

KLK says arbitral award received in gas supply dispute in Indonesia, won't have material impact on earnings

Malaysia is exploring cooperation with Embraer Defense & Security of Brazil to join the company's regional and global supply chain.

Defence Minister Datuk Seri Mohamed Khaled Nordin said the matter was discussed during a courtesy call by the company’s chief commercial officer, Frederico Lemos, at Wisma Pertahanan on Friday.

Malaysia explores opportunities to join Embraer aerospace supply chain

Construction of the Malaysian Maritime Enforcement Agency’s (MMEA) Multi-Purpose Mission Ship 1 (MPMS 1) is progressing smoothly and ahead of schedule, with the vessel expected to begin its voyage home in late January next year.

Multi-Purpose Mission Ship 1 construction ahead of schedule, voyage home in January

Group of Seven countries agreed on Friday on the release 100 million barrels of diesel and crude oil from emergency reserves in a move cheered by US President Donald Trump as he seeks help to cool off surging fuel prices linked to the Iran war.

G7 countries agree on release of diesel and oil stocks after US pressure

KUALA LUMPUR (Oct 2): PMCK Bhd (KL:PMCK) has proposed to diversify into the import and supply of medical consumable products by acquiring Derberg Sdn Bhd and Marpoliq Sdn Bhd for RM52.77 million in cash.

In a Bursa filing on Friday, the healthcare services provider said it had entered i...

PMCK to diversify into import and supply of medical consumables with RM53m acquisitions 

Builder Inta Bina Bhd (KL:INTA) has launched its second property development project — a 499-unit serviced apartment project — in Bukit Jelutong, Shah Alam, with a projected gross development value of RM290.96 million.

Inta Bina undertakes RM291m serviced apartment project in Bukit Jelutong

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

Gas Malaysia, PETRONAS Chemicals, TXCD, Berjaya Corp, Zetrix AI, Country Heights, Lim Seong Hai, Mah Sing, Kinergy Advancement 

SEPANG (Oct 2): The Sepang International Circuit (SIC) has become a showcase of Bahrain's prowess at staging world-class sporting events, as evident in the preparations for the hosting of the Formula 1 Gulf Air Bahrain Grand Prix in Malaysia which took less than 10 weeks to be completed.

<...

Sepang a showcase of Bahrain's prowess at staging world-class events

<p>Here is a brief recap of some business news and corporate announcements that made headlines on Friday.</p>


<p>Seal Incorporated Bhd (KL:SEAL) non-interested shareholders are advised to vote in favour of providing associate company MSR Green Energy Sdn Bhd (MSRGE) a corporate guarantee of RM58.72 million to help it complete several solar projects.</p>


Seal Inc shareholders advised to back RM58.7m corporate guarantee for associate firm

<p>A total of 8,000 businesses in Kuala Lumpur renewed their business licences within two months after a new multi-year renewal initiative was introduced in July.</p>


<p>China's antitrust regulator has asked Anglo American to commit to supply the country with a steady flow of copper concentrate as a condition for approving its proposed US$54 billion merger with Canada's Teck Resources, three people aware of the development said.</p>


China demands copper supply commitments for Anglo Teck merger approval, sources say

<p>SEPANG (Oct 2): The Sepang International Circuit (SIC) has become a showcase of Bahrain's prowess at staging world-class sporting events, as evident in the preparations for the hosting of the Formula 1 Gulf Air Bahrain Grand Prix in Malaysia which took less than 10 weeks to be completed.</p>

<...

<p>The SME Association of Malaysia (SMEAM) and Malaysia&nbsp;Retail Chain Association (MRCA) have stressed the need for stronger enforcement of e-commerce and product regulations as the government prepares to revise the country’s e-commerce law, amid concerns over the influx of low-priced products through online cross-border e-commerce platforms.</p>


SME, retail groups call for stronger enforcement amid revision of E-Commerce Act

<p>Malaysia is exploring cooperation with Embraer Defense &amp; Security of Brazil to join the company's regional and global supply chain.</p>

<p>Defence Minister Datuk Seri Mohamed Khaled Nordin said the matter was discussed during a courtesy call by the company’s chief commercial officer, Frederico Lemos, at Wisma Pertahanan on Friday.</p>


<p>US stocks rose on Friday, pushing the Nasdaq Composite to a record high, after weaker-than-expected jobs data reduced odds of a near-term rate hike, driving Treasury yields lower, while lower oil prices added to the risk-on mood.</p>


Nasdaq hits record high after softer jobs data cuts rate-hike bets 

<p>Kuala Lumpur Kepong Bhd (KLK) said its wholly<span style="font-family:&quot;Cambria Math&quot;,serif">‑</span>owned Indonesian unit, PT Perindustrian Sawit Synergi (PT PSS), has received the arbitral award in a dispute involving the termination of a gas supply agreement.</p>


<p>US job growth slowed more than expected in September, but that likely does not signal a material shift in the labour market, with the weakness likely related to a calendar quirk.</p>

<p>Nonfarm payrolls increased by 29,000 jobs last month after a downwardly revised 133,000 rise in August, the Labor Department's closely watched employment report showed on Friday. Economists polled by Reuters had forecast payrolls advancing 90,000 after a previously reported 162,000 surge in August.</p>


US job growth slows sharply in September; unemployment rate rises to 4.2%

<p>KUALA LUMPUR (Oct 2): PMCK Bhd (KL:PMCK) has proposed to diversify into the import and supply of medical consumable products by acquiring Derberg Sdn Bhd and Marpoliq Sdn Bhd for RM52.77 million in cash.</p>

<p>In a Bursa filing on Friday, the healthcare services provider said it had entered i...

<p>Paramount Skydance CEO David Ellison on Friday said upon closing the company's merger with Warner Bros Discovery, the combined entity will be called Skydance.</p>


David Ellison says combined Paramount and Warner Bros Discovery will be named Skydance

<p>Builder Inta Bina Bhd (KL:INTA) has launched its second property development project — a 499-unit serviced apartment project — in Bukit Jelutong, Shah Alam, with a projected gross development value of RM290.96 million.</p>


<p>Chinese e-commerce giant JD.com is set to secure European Union approval for its US$2.5 billion bid for German electronics retailer Ceconomy after it tweaked its remedies to address regulators' concerns, a person familiar with the matter said.</p>


JD.com set to win EU approval for Ceconomy deal, source says

<p>President Donald Trump said on Friday that a US trade deal with South Korea now includes US$8.4 billion for an oil recovery project.</p>

<p>"The Republic of Korea Deal keeps getting BETTER! 8.4 Billion Dollars for an enhanced Oil Recovery Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World for the Future!" Trump wrote on Truth Social.</p>


Trump says US deal with South Korea includes US$8.4 billion for oil recovery

<p>US Treasury yields lost ground on Friday after the nonfarm payrolls report showed that the economy added fewer-than-expected jobs in September.</p>

<p>The US economy added 29,000 jobs in September compared with expectations for 90,000, according to the Labor Department's closely watched employment report. It reported a September unemployment rate of 4.2%, which was above economist expectations for 4.1%. Job growth for August was revised down to 133,000 from a previously reported 162,000 surge.</p>


US yields fall as jobs growth slows in September

<p><strong>A weekly round-up of tanker and dry bulk market (Oct 2, 2026)</strong></p>


Baltic Exchange shipping updates: Oct 2, 2026

<p>Tesla beat Wall Street estimates for third-quarter deliveries on Friday, as a demand rebound in Europe offset the loss of US tax incentives and stiffer competition in China.</p>


Tesla quarterly deliveries beat as Europe demand recovers

<p>Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has expressed his appreciation to outgoing Chinese Ambassador to Malaysia Ouyang Yujing for his commitment to strengthening bilateral ties during his tenure.</p>

<p>Ahmad Zahid, who is also Rural and Regional Development Minister, said Ouyang's commitment included continuous efforts to enhance cooperation between the governments, business sectors and people of both countries.</p>


Ahmad Zahid thanks outgoing Chinese envoy Ouyang Yujing for strengthening bilateral ties

<p>Saudi Arabia is planning an offensive against Iran-backed Houthi militants in Yemen, with options being considered including a coastal push to secure the Red Sea shipping route or an assault on multiple fronts, regional and Western officials told Reuters.</p>

<p>The operation, expected to be launched in the coming weeks, will by led by Yemeni forces on the ground, which are overseen by Riyadh, and supported by Saudi air strikes, according to six people with knowledge of the preparations.</p>
