<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 25): Engineering solutions provider Destini Bhd (KL:<a href="/askedge/klse/7212" class="ce-stock" target="_blank">DESTINI</a>) has secured two sub-contracts to overhaul the heating, ventilation, and air conditioning (HVAC) systems as well as the brake caliper equipment on 58 electric train sets operating along the Mass Rapid Transit Line 1 (MRT1), which connects Sungai Buloh to Kajang.</p></div>

<div class=newsTextDataWrapInner><p>The sub-contracts’ tenure is for 20 months, from June 2025 to January 2027, said Destini in a bourse filing on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>However, no value was disclosed by Destini for the said contracts.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Destini said the agreements were signed by its indirect subsidiary Trovon Malaysia Sdn Bhd with SMH Rail Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Trovon is principally involved in railway maintenance and asset optimisation services, while SMH Rail is engaged in railway manufacturing and trading of railway-related products and transport activities.</p></div>

<div class=newsTextDataWrapInner><p>Destini said the contracts are expected to contribute positively to the group’s earnings for the financial year ending June 30, 2025 (FY2025), and throughout the duration of the works.</p></div>

<div class=newsTextDataWrapInner><p>Destini’s share price closed up 2.5 sen or 6.1% to 43.5 sen on Wednesday, giving it a market capitalisation of RM239 million. The stock has risen 31.82% so far this year.<br />
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Engineering solutions provider Destini Bhd (KL:DESTINI) has secured two sub-contracts to overhaul the heating, ventilation, and air conditioning (HVAC) systems as well as the brake caliper equipment on 58 electric train sets operating along the Mass Rapid Transit Line 1 (MRT1), which connects Sungai Buloh to Kajang.

Destini bags sub-contract works from SMH Rail for MRT 1 project

The police have recorded statements from 15 individuals to assist in investigations into allegations of failure to transfer RM230.9 million in government revenue, involving MyEG Sdn Bhd (MyEG) and Zetrix AI Berhad.

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Mi Technovation Bhd’s (KL:MI) unit has launched its Singapore listing that aims to raise over RM680 million for its next phase of global growth.

Mi Technovation unit launches Singapore IPO to raise over RM680 mil

(Oct 19): A carrier loaded with Qatari liquefied natural gas (LNG) is sailing north through the Red Sea, potentially speeding up delivery to European customers with a rare transit through waters vulnerable to renewed attacks from Houthi rebels.

Qatar LNG cargo makes rare Red Sea journey to get gas to Europe

BENGALURU (Oct 19): Gold edged higher on Monday as softer oil prices tempered some inflation concerns, while investors assessed recent US economic data and the outlook for Federal Reserve interest rates later this year.

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(Oct 19): Morgan Stanley is partnering with fintech platform Raisin UK to roll out savings accounts to individuals, following similar moves in Germany and the Netherlands.

Morgan Stanley enters UK savings market with Raisin partnership

Former prime minister Tun Dr Mahathir Mohamad expressed his appreciation and gratitude to all parties who assisted in the funeral arrangements for his late wife, Tun Dr Hasmah Mohamad Ali, who passed away on Sept 28.

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JPMorgan Chase & Co is launching its deposit token on ethereum, extending the lender’s push into blockchain payments as Wall Street grows more comfortable moving money on public networks.

JPMorgan brings deposit token to ethereum for institutional clients

Indonesian equities slumped more than 5% to a six-year low on Monday as rattled investors exited stocks after MSCI's latest warning, prompting authorities to unveil steps to tame the swings and set up talks with the index provider.

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Dewan Rakyat Speaker Tan Sri Johari Abdul on Monday reminded members of Parliament to exercise caution in their choice of words during debates to avoid controversies that could disrupt the smooth proceedings of the house.

Exercise caution in choice of words, Dewan Rakyat Speaker tells MPs

(Oct 19): Primary Health properties Plc has formed a £700 million (US$933 million) venture with GIC Pte Ltd, part of its ongoing plan to reduce debt levels following a merger last year.

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<p>KUALA LUMPUR (Oct 19): Zetrix AI Bhd (KL:ZETRIX) said on Monday that it is withdrawing a planned dividend payment declared two months ago to conserve cash.</p>


Zetrix AI rescinds dividend plan to conserve cash

<p>One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.</p>


ECRL Gombak-Kota Bharu fares start at RM125

<p>KUALA LUMPUR (Oct 19): MS&amp;AD Insurance Group Holdings Inc is exploring a takeover of Malaysian insurer LPI Capital Bhd (KL:LPI) for growth overseas, <em>Bloomberg</em> reported.</p>


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<p>Public Bank Bhd (KL:PBBANK) may unlock an unrealised gain of RM521 million if Japan's&nbsp;MS&amp;AD Insurance Group Holdings Inc acquires its 44.15% controlling stake in LPI Capital Bhd (KL:LPI), said CIMB Securities.</p>


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<p>The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.</p>


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<p>American private equity firm KKR is planning to invest some RM2.6 billion in PETRONAS’ renewable energy subsidiary in India, <em>The</em> <em>Economic Times </em>reported on Monday.</p>


KKR to invest some RM2.6 bil in PETRONAS’ renewable energy venture in India

<p>FIXED-income funds, particularly those managed by subsidiaries of Amanah Raya Bhd, may bear the brunt of the meltdown in Zetrix AI Bhd’s&nbsp;(KL:ZETRIX) shares.</p>

<p>Zetrix AI, which has lost a market capitalisation of RM5 billion in the last one month as the shares of its major shareholder...

Funds under AmanahRaya Investment Management may bear brunt of Zetrix meltdown

<p>Oil prices slipped from a five-month high on Monday as investors took profits after US President Donald Trump waived sanctions and tariffs on Russia that may lead to more Russian fuel exports.</p>


Oil tumbles as Trump's Russia sanctions waiver may lead to more fuel supplies

<p>Digital Nasional Bhd, which deploys Malaysia’s 5G network infrastructure, no longer requires any support from the government, Communications Minister Datuk Seri Fahmi Fadzil said.</p>


Digital Nasional no longer needs state support, govt exposure reduced to nil — Fahmi

<p>Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has advised the coalition’s 18 Negeri Sembilan state assemblymen to stay out of matters involving customary law and the royal institution, and instead focus on the people’s welfare and fulfilling their mandate.</p>


Zahid tells BN reps in Negeri Sembilan to stay out of matters involving customary law, royal institution

<p>A budget should be judged by both the relief it provides today and the productive capability it builds for tomorrow.</p>


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<p>The forced selling of its founder’s shares has dragged Zetrix AI Bhd’s (KL:ZETRIX) share price down to 5.5 sen from 66 sen two months ago. It has also put the company in a potential breach of its RM2 billion sukuk covenant.</p>

<p>The Islamic debt papers require Wong Thean Soon — better known ...

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<p>Asian share markets mostly slipped on Monday as unease over artificial intelligence's (AI) enormous funding needs undermined confidence ahead of a week packed with earnings, while Chinese economic data pipped forecasts in a positive for world growth.</p>


Asian stocks slip, Wall Street and bonds benefit from oil dip

<p>KUALA LUMPUR (Oct 19): The recent tech sector pullback has created an "attractive accumulation opportunity", BIMB Securities said in its latest sector note, on favourable structural growth outlook including in the advanced packaging segment.&nbsp;</p>


Tech sector pullback a window for accumulation, says BIMB Securities

<p>The government continues to shoulder debt obligations inherited from previous administrations, including liabilities linked to 1Malaysia Development Bhd (1MDB), while working to reduce its reliance on new borrowing, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Anwar: Govt continues servicing legacy debt including 1MDB's, seeks to reduce new borrowing

<p>Volatility has become a defining feature of global trade, and Malaysian businesses have had to adapt at pace. Over the last five years, they have navigated global events that have had major impacts on how and where trade flows, including COVID-19, the Red Sea disruption, the Russia–Ukraine war, shifting tariff regimes and renewed conflict in the Middle East. Yet trade remains resilient and has kept growing, and expectations have risen with it.</p>


TradeCash is now live in Malaysia – keep your working capital in step with trade

<p>Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.</p>


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<p>The Malaysian economy is largely sheltered because of huge subsidies. The direct effect is the creation of an environment with low inflation, low interest rates, low growth and, finally, relatively lower wages. The prolonged period of this sheltered economy mirrors the environment of the local st...

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<p>TWO private companies tasked with providing services on behalf of the government are now under scrutiny over the handling of funds collected from the public.</p>

<p>In one case, Zetrix AI Bhd (KL:ZETRIX) and its unit MyEG Sdn Bhd were suspended as collection agents for the Road Transport Depar...

Third-party handling of public funds in the spotlight

<p>US stock futures rose and oil edged lower as traders prepared for a packed week of corporate earnings and Chinese economic data against a backdrop of heightened geopolitical risks.</p>
