<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 18): Nestcon Bhd (KL:<a href="/askedge/klse/0235" class="ce-stock" target="_blank">NESTCON</a>) has secured a RM355 million contract to construct two 57-storey serviced apartment blocks in northern Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, the group said the contract, awarded by Inter Sky Development Sdn Bhd, marks Nestcon’s sixth major project win so far this year.</p></div>

<div class=newsTextDataWrapInner><p>It brings the group’s total contract wins year-to-date to approximately RM810.43 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Construction work for the project, located off the Middle Ring Road 2 in Taman Wahyu, is scheduled for completion within 34 months, with the targeted completion date set for Sept 14, 2028.</p></div>

<div class=newsTextDataWrapInner><p>A 27-month defect liability period will follow upon practical completion, Nestcon added.</p></div>

<div class=newsTextDataWrapInner><p>Nestcon shares closed unchanged at 30.5 sen on Tuesday for a market capitalisation of RM230.64 million.</p></div>


Nestcon Bhd (KL:NESTCON) has secured a RM355 million contract to construct two 57-storey serviced apartment blocks in northern Kuala Lumpur.

Nestcon wins RM355m apartment construction job

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<p>Sime Darby Property Bhd (KL:SIMEPROP) is no longer a traditional property developer. Five years after embarking on the group’s SHIFT25 strategy, Sime Darby Property has emerged with a broader business than the one that entered the transformation programme in 2021.</p>


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<p>Malaysia has formally gazetted the removal of import duty on qualifying minted gold bars, a “timely and practical” move two business groups said would strengthen the competitiveness of the local gold and jewellery industry.</p>


<p>Arbitration has matured into a distinct judicial process with its own principles, philosophy and industry culture, said former Federal Court judge Tan Sri Zainun Ali.</p>


<p>Meta has acknowledged that a technical error in its system had caused legitimate WhatsApp user activity to be wrongly identified as rule violations, affecting more than half of the cases in the first batch submitted by the Malaysian Communications and Multimedia Commission (MCMC).</p>


<p>President Donald Trump said he won’t ban US diesel exports, after Group of Seven nations and their partners agreed to release some of their emergency fuel stockpiles in a bid to bring down soaring prices.&nbsp;</p>


<p>Four areas in Johor and Sarawak recorded unhealthy air pollutant index (API) readings as of 9am on Saturday.</p>


<p>Ten people were injured when a man drove into a crowd in the Australian city of Newcastle on Saturday after appearing to lose control of the car, authorities said.</p>


<p>A software glitch affecting Boeing Co 737 Max aircraft was determined not to pose a safety concern by a Federal Aviation Administration (FAA) panel, a positive outcome for the US planemaker seeking regulatory approval for the largest variant of the popular narrowbody family.</p>


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<p>When President Donald Trump and Chinese President Xi Jinping met in Washington last week, AI governance was expected to be at the top of the agenda. The United States and China have been racing to develop increasingly powerful AI systems, and neither has shown much appetite for slowing down. But ...

<p>CME Group Inc is shelving plans to launch a round-the-clock oil contract following industry pushback.</p>


<p>Barisan Nasional (BN) is open to discussions on the form of cooperation with any political party for the Melaka state election, including anyone interested in using the coalition’s logo, said Umno vice-president Datuk Seri Mohamed Khaled Nordin.</p>


<p>German Chancellor Friedrich Merz is set to meet both of the frontrunners to succeed European Central Bank President Christine Lagarde, people familiar with the matter said.&nbsp;</p>
