<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 20): Gadang Holdings Bhd (KL:<a href="/askedge/klse/9261" class="ce-stock" target="_blank">GADANG</a>) has secured a RM92.5 million contract to undertake earthworks for the proposed widening of the Kuala Lumpur–Karak Highway.</p></div>

<div class=newsTextDataWrapInner><p>The contract was awarded to Gadang’s wholly-owned unit, Gadang Engineering (M) Sdn Bhd, from AFA Construction and Engineering Sdn Bhd on Friday, the engineering and construction outfit said in a bourse filing.</p></div>

<div class=newsTextDataWrapInner><p>The scope of work covers Package 2A under the broader highway widening project spanning from KM19.2 to KM61.5.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract is scheduled to run for 18 months with targeted completion by the last quarter of 2026.</p></div>

<div class=newsTextDataWrapInner><p>“The contract is expected to contribute positively to the earnings of the group during the contract period,” Gadang said.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Gadang finished unchanged at 23.5 sen on Friday, valuing the Main Market-listed firm at RM188.2 million. The counter has dropped by over 34% since the beginning of the year.</p></div>

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Gadang Holdings Bhd (KL:GADANG) has secured a RM92.5 million contract to undertake earthworks for the proposed widening of the Kuala Lumpur–Karak Highway.

The contract was awarded to Gadang’s wholly-owned unit, Gadang Engineering (M) Sdn Bhd, from AFA Construction and Engineering Sdn Bhd on Friday, the engineering and construction outfit said in a bourse filing.

Gadang bags RM92 mil contract for KL–Karak Highway widening project

President Vladimir Putin said Russia’s ready to resume trilateral negotiations with the US and Ukraine on a potential peace deal, according to the Kremlin.

Putin says Russia ready for new peace talks with US, Ukraine

The Trump administration is offering to loan up to nearly a third of the one-million-barrel US emergency heating oil reserve, the Department of Energy said on Wednesday, in a bid to tame surging prices.

US aims to loan about a third of heating oil reserve in bid to tame prices

The Malaysian Employers Federation (MEF) has urged the government to tighten enforcement against the misuse of foreign worker recruitment approvals to ensure foreign workers are employed only in approved sectors and occupations facing genuine labour shortages.

MEF urges stricter enforcement, priority for local workers

The next five years will serve as a crucial transition period for Sarawak in its efforts to develop a high-value economy based on technology creation, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Next five years crucial transition period for Sarawak’s economy

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

Sunway Healthcare, Sunway REIT, Zetrix AI,Malakoff,  Capitaland Malaysia,Westports, AME REIT, Pantech Global, MHB, ES Sunlogy, Kerjaya Prospek & Mudajaya

Singapore's Accounting and Corporate Regulatory Authority (ACRA) has rejected HB Global Ltd’s (KL:HBGLOB) application to change its financial year-end from June 30, 2026 to Nov 30, 2026, following the withdrawal of its auditor’s consent to act.

Singapore's regulatory authority rejects HB Global’s second year-end change this year after auditor’s withdrawal

Barisan Nasional (BN) will contest 21 seats while PAS and its allies will contest seven in next month’s Melaka state election, following the finalisation of negotiations between the parties.

Barisan finalises talks with PAS, to contest 21 seats in Melaka polls — Zahid

Berkshire Hathaway Inc investors are moving on after the departure of the firm’s legendary leader Warren Buffett, as shares hit a new high on Wednesday.

Berkshire stock hits new high, moving on from Buffett’s exit

Malaysia has continued to record encouraging trade performance despite facing global uncertainty which includes tariff revisions and international trade restrictions, according to the Ministry of Investment, Trade and Industry (Miti).

Malaysia's trade performance remains encouraging despite global uncertainty — Miti

MMAG Holdings Bhd (KL:MMAG) on Wednesday cited anticipated maintenance cost of over RM10 million as the reason it is willing to absorb a loss of RM12.69 million with the sale of a cargo plane it acquired less than two years ago.

MMAG cites expected RM10m maintenance bill, tough market conditions for selling cargo plane at a loss

<p>KUALA LUMPUR (Oct 21): Tan Sri Tan Kean Soon, the former deputy chairman of an oil-and-gas services firm, has been charged with fraud of over RM10 million.</p>


Tan Kean Soon, former T7 Global deputy chairman, charged with RM10m fraud

<p>Civil servants have been banned from using the Waze navigation app with immediate effect, following a decision by the National Cyber Security Committee (JKSN) at its meeting on Tuesday.</p>


Malaysian civil servants banned from using Waze with immediate effect

<p>Temasek Holdings Pte Ltd and GIC Pte Ltd denied claims by a former Indonesian trade minister that Singapore’s two biggest state-owned investors helped instigate Indonesia’s recent stock market collapse.</p>


Singapore’s Temasek and GIC deny instigating Indonesian stock rout

<p>The Attorney General’s Chambers (AGC) and Datuk Seri Dr Ahmad Zahid Hamidi have obtained a stay on the Malaysian Bar’s judicial review&nbsp;challenging&nbsp;the discharge not amounting to an acquittal (DNAA) that had been given to Zahid for 47 charges of abuse of power, criminal breach of trust, and corruption related to Yayasan Akalbudi.</p>


AGC, Zahid obtain stay of Malaysian Bar judicial review challenge over DNAA

<p>CIMB Group Holdings Bhd (KL:CIMB) is exploring taking its Indonesian arm private as tough market conditions dim prospects for a potential secondary offering, analysts said.</p>


CIMB weighs taking Indonesian unit private as potential secondary offering loses appeal — analysts

<p>One of the strongest storms of the current season is set to bring heavy rain and roaring winds to parts of East Asia in the next week, with major cities in Taiwan and China bracing for impact within days.</p>


Super Typhoon Champi poised to hit China, Taiwan within days

<p>The smog blanketing parts of Southeast Asia is threatening an army of tiny-but-crucial workers in the region’s palm industry — beetles that pollinate the trees and help keep the world supplied with the most-consumed vegetable oil. &nbsp;</p>


Indonesian haze threatens tiny bugs that power palm oil output

<p>ASML Holding NV and other key providers of chipmaking machines have expedited supplies for Tesla Inc&nbsp;and SpaceX’s Terafab, Elon Musk said, signalling that the billionaire is making fast progress on an ambitious semiconductor project.</p>


Musk says ASML, others expediting chipmaking gear for Terafab

<p>Tourism operators are experiencing fewer bookings for this time of year — and even cancellations — as smog disrupts flights, obscures some of the country’s best-known attractions and threatens a key driver of the Southeast Asian economy.</p>


Malaysia set for tourism fallout from Indonesian haze

<p>Taiwan's Fair Trade Commission said on Wednesday it had blocked Grab's purchase of Delivery Hero's Foodpanda delivery business in Taiwan, citing competition concerns.</p>


Taiwan regulator blocks Grab's purchase of Foodpanda delivery business

<p>Police are awaiting further instructions from the Attorney General’s Chambers (AGC) on a probe into Negeri Sembilan Menteri Besar Datuk Ismail Lasim’s claim that he was forced to sign a proclamation seeking to remove Tuanku Muhriz Tuanku Munawir as the state’s ruler.</p>


Police await AGC instructions on probe into Negeri Sembilan MB’s ‘duress’ claim

<p>Westports Holdings Bhd (KL:WPRTS) reported a record-high revenue from tariff increases and higher income from value-added services, boosting its earnings in the third quarter.</p>


Tariff increase, extra services lift Westports revenue to new record, boost earnings

<p>Boeing Co&nbsp;won US regulator approval for its 737 Max 10 jet, capping off a lengthy certification saga for the plane-maker’s family of narrowbody aircraft that was disrupted by two fatal crashes and a series of quality lapses.&nbsp;</p>


Boeing wins US approval for largest variant of 737 Max jet

<p>High capital requirements remain a major hurdle for Malaysian semiconductor design firms despite being granted subsidised access to UK-headquartered ARM Holdings plc's blueprints for chip components. &nbsp;</p>


High capital requirements still hamper Malaysian semiconductor design firms, Johari tells Parliament 

<p>Iskandar Regional Development Authority on Wednesday named career civil servant Datuk Ashari Kasnan as its chief executive officer.</p>


Iskandar Malaysia development authority names Ashari Kasnan as CEO

<p>CIMB Group Holdings Bhd (KL:CIMB) is expected to report softer earnings for the third quarter ended Sept 30, 2026, as higher funding costs and weaker trading income weigh on profitability, although its loan growth remains resilient, according to analysts.</p>


CIMB's 3Q earnings expected to soften on weaker trading income, higher funding costs

<p>ACE Market-listed Ramssol Group Bhd (KL:RAMSSOL) sees a business opportunity in allowing employees to draw part of their salaries before payday in exchange for a small fee multiplied across a sizeable workforce.</p>

<p>The human resources (HR) management solutions company charges RM5 each time...

Pay Day Now to offer Ramssol a pathway to recurring income

<p>MALAYSIAN real estate investment trusts (M-REITs) have long been prized for their income-generating qualities. Listed REITs that distribute at least 90% of their total income qualify for a full tax exemption at the trust level, helping make regular distributions a central part of the asset class’...

Rougher waters for REITs amid surge in government bond yields

<p>Sunway Healthcare Holdings Bhd (KL:SUNMED) and &nbsp;Putrajaya Holdings Sdn Bhd have formalised a joint venture to develop a 325-bed private hospital in Putrajaya, with construction slated to begin in the fourth quarter of 2027.</p>


Sunway Healthcare, Putrajaya Holdings ink JV to build private hospital in Putrajaya

<p>Zetrix AI Bhd (KL) managing director Wong Thean Soon's stake in the digital services firm has shrunk further, diminishing the prospect&nbsp;of fixing a breached sukuk condition that he remains the company's largest shareholder.</p>
