<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 6): Kumpulan Perangsang Selangor Bhd (KL:<a href="/askedge/klse/5843" class="ce-stock" target="_blank">KPS</a>) said its 51%-owned unit Aqua-Flo Sdn Bhd secured two contracts worth a total of RM53.05 million for the supply of water treatment chemicals.</p></div>

<div class=newsTextDataWrapInner><p>Aqua-Flo inked two framework agreements with Pengurusan Air Selangor Sdn Bhd in relation to the contracts, KPS said in a bourse filing on Thursday.</p></div>

<div class=newsTextDataWrapInner><p>Both contracts — one for the provision of pH-adjusters and another for polyelectrolytes (water soluble polymers) — will start on Jan 1, 2026.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>KPS said the contract sums are estimates, and final sums will be determined by actual quantities stated in purchase orders from Air Selangor. Prices of supplied chemicals will remain fixed throughout the contract period, including any extension.</p></div>

<div class=newsTextDataWrapInner><p>The contracts are deemed recurrent related party transactions, given that Menteri Besar Selangor Inc owns Air Selangor and KPS's controlling shareholder, Darul Ehsan Investment Group Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Darul Ehsan Investment Group is KPS’ single largest shareholder with a 57.88% stake, while Selangor state-owned Perbadanan Kemajuan Negeri Selangor (PKNS) holds 5.52%.</p></div>

<div class=newsTextDataWrapInner><p>Shares in KPS ended two sen or 3.13% higher at 66 sen, valuing the company at RM352.03 million.</p></div>


Kumpulan Perangsang Selangor Bhd (KL:KPS) said its 51%-owned unit Aqua-Flo Sdn Bhd secured two contracts worth a total of RM53.05 million for the supply of water treatment chemicals.

KPS unit bags two contracts worth RM53 mil to supply water treatment chemicals 

YOUR DAY AHEAD: Oct 14, 2026

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Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 14, 2026 

Federal Reserve Governor Lisa Cook says she will be unable to attend a Nov. 5 hearing at the White House that’s part of a new investigation into mortgage fraud allegations by President Donald Trump.

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Against a backdrop of global uncertainty, Malaysia is seen strengthening its position as a competitive and resilient investment destination.

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Asian stocks looked set for broad gains on Wednesday after US equities recovered from session lows on signals that the Federal Reserve may not need to raise interest rates aggressively next year.

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Oil rose as a flare-up in attacks in the Middle East increased uncertainty over a recovery in energy flows from the Persian Gulf. West Texas Intermediate advanced toward US$95 a barrel, after edging higher in the previous session, while Brent declined to close below US$106.

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Stocks bounced from session lows as speculation the Federal Reserve won’t be forced to raise rates aggressively offset lingering worries about elevated oil prices and the outlook for artificial intelligence.

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AmanahRaya Investment Management Sdn Bhd announced that it has temporarily suspended dealings in three funds under its management with immediate effect, citing liquidity constraints.

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Apple Inc introduced a new device called the HomeView, a US$299 (RM1,221) display that serves as the centrepiece of its push to challenge Amazon.com Inc and Alphabet Inc’s Google in the smart home market.

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<p>AmanahRaya Investment Management Sdn Bhd announced that it has temporarily suspended dealings in three funds under its management with immediate effect, citing liquidity constraints.</p>


<p>CTOS Digital Bhd (KL:CTOS), whose shares fell to a record low on Tuesday, expects its recent cybersecurity breach to reduce its financial year ending Dec 31, 2026 (FY2026) profit after tax and minority interests (Patami) by RM12 million and revenue by RM16 million.</p>


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


Sime Darby, Kelington Group, Critical Holdings, Censof Holdings, Liamson Fleet, Pantech Global, Mentiga Corp, Binasat Communications & CTOS Digital 

<p>Land 33 Bhd (KL:LAND33) is acquiring a 1.05-acre parcel with a two-storey bungalow in Penang for RM32.3 million in cash for future property development.</p>


Land 33 buying one-acre George Town land for RM32 mil for future development

<p>Malaysian banks could see deposits inflows of between RM5.7 billion and RM10.1 billion because of&nbsp;the&nbsp;minimum wage hike and payroll tax deduction for non-MSMEs announced in Budget 2027.&nbsp;</p>


Malaysian banks could see RM10b deposit spike due to Budget 2027 wage measures — Nomura

<p>The government is still seeking to recover funds from National Feedlot Corporation Sdn Bhd (NFC), three years after the High Court ordered the company to make payment over an outstanding loan.</p>


Finance Ministry: Govt still pursuing RM33.74m from National Feedlot Corporation three years after court ruling  

<p>Critical Holdings Bhd (KL:CHB) said an additional RM74.1 million has been added to the value of the contract it secured from an undisclosed US-based multinational corporation to build a cleanroom facility at Kulim Hi-Tech Park in Kedah.</p>


Critical Holdings' Kulim Hi-Tech Park cleanroom job value increased by nearly 49% to RM227m

<p>Wall Street's main indices were muted in choppy trading on Tuesday as chip stocks came under selling pressure again while investors parsed a mixed bag of quarterly results, including those from big US banks.</p>


Wall Street subdued in choppy trade after big bank earnings, chips slide

<p>Malaysia aims to attract about 250,000 international students by 2030, focusing on a diversity of source countries to strengthen its position as a preferred higher education destination.</p>


Malaysia targets 250,000 international students by 2030 — Zambry

<p>Apple Inc introduced a new device called the HomeView, a US$299 (RM1,221) display that serves as the centrepiece of its push to challenge Amazon.com Inc and Alphabet Inc’s Google in the smart home market.</p>


<p>Pantech Global Bhd (KL:PGLOBAL) said it is disposing of a 10-acre freehold land which it acquired less than two years ago for the expansion of its operations in Klang, for RM31.73 million in cash.</p>


Pantech Global to sell former expansion site in Klang for RM31.7 mil

<p>Citigroup Inc’s fixed-income traders handed in their best third quarter (3Q) in at least a decade, beating analysts’ expectations and sending the bank’s revenue for the period to one of its highest levels ever.</p>


Citigroup fixed-income traders post higher revenue in 3Q as rivals miss

<p>JPMorgan Chase fell short of quarterly profit estimates for the first time in nearly three years as market volatility and an uncertain economic outlook dampened dealmaking and reduced bond market trading activity in recent months.</p>


JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum

<p>Bank Negara Malaysia (BNM) and the Securities Commission Malaysia (SC) have warned the public against deepfake videos impersonating their senior officers to promote private investment schemes and financial products.</p>


BNM, SC warn against deepfake videos impersonating senior officers

<p>Johnson &amp; Johnson reported another quarter of anaemic sales in its medical technology division and said it is leaning towards spinning off, rather than selling, its orthopedics business.</p>


Johnson & Johnson mulls spinning off orthopedics business as medtech sales disappoint

<p>For Corporate America, the bar to deliver earnings growth that satisfies Wall Street’s bulls is only getting higher.&nbsp;</p>


S&P 500 record rally meets risk of peaking earnings growth

<p>The government has completed RM17.15 billion in excess tax refunds involving 3.23 million taxpayer cases in the first nine months of 2026, according to the Ministry of Finance (MOF).</p>


MOF: RM17.15 bil in excess tax refunds paid in first nine months

<p>Lianson Fleet Group Bhd (KL:LFG) has acquired its third Ultramax bulk carrier for US$23 million (RM93.9 million), as part of its ongoing diversification beyond its offshore support vessel business.</p>


Lianson Fleet buys third Ultramax bulk carrier for US$23 mil

<p>Billionaire banker Uday Kotak said India should allow its currency to find its own footing, arguing that uncertainty over policymakers’ intentions can keep markets guessing as global capital flows shift.</p>


Billionaire Kotak says India should let rupee find its own level

<p>Binasat Communications Bhd (KL:BINACOM) has proposed to undertake a private placement of up to 60.43 million shares, representing not more than 10% of its total issued shares, to raise money for existing and future contracts.</p>
