<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 19): Haily Group Bhd (KL:<a href="/askedge/klse/0237" class="ce-stock" target="_blank">HAILY</a>) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>In separate bourse filings on Wednesday, the Johor-based construction outfit said its wholly-owned unit Haily Construction Sdn Bhd accepted both Letters of Award<br />
from Meridin East Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The first contract, valued at RM49 million, covers the construction of 222 double-storey terrace houses, while the second contract, worth RM31.3 million, involves building 146 double-storey terrace houses.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Both contracts are firm-price agreements, with no fluctuation in costs allowed.</p></div>

<div class=newsTextDataWrapInner><p>Each project carries a defects liability period of 27 months from issuance of the certificate of practical completion.</p></div>

<div class=newsTextDataWrapInner><p>With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.52 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Haily closed up 0.5 sen or 2.33% at 22 sen on Wednesday, valuing the company at RM93.1 million. Year to date, the counter has fallen by 12%.</p></div>

<div class=newsTextDataWrapInner><p>Read also:<br />
<em><a href="https://theedgemalaysia.com/node/772003">Haily clinches RM197.6m high-rise job in JB</a></em></p></div>


Haily Group Bhd (KL:HAILY) has secured two construction contracts worth a combined RM80.3 million for residential projects in Taman Bestari Perdana, Plentong, Johor Bahru.

In separate bourse filings on Wednesday, the Johor-based construction outfit said its wholly-owned unit Haily Construction Sdn Bhd accepted both Letters of Award
from Meridin East Sdn Bhd.

Haily secures two construction deals in Johor Bahru worth over RM80 mil

Strata Sense Part 5: Defusing the Capex Time Bomb

Singapore has identified seven companies it says were involved in wildfires in Indonesia that are choking the city-state with haze, and plans to issue notices requiring them to take preventive measures, the Business Times reported.

Singapore identifies seven companies for haze-causing fires — report

All educational institutions, including schools and childcare centres (taska), must be closed if the Air Pollutant Index (API) reading exceeds 200, following the prolonged haze affecting several areas, according to the Ministry of Health (MOH).

MOH: School must close, public gatherings halted if API exceeds 200 

CoreWeave's shares and bonds were headed for steep weekly losses on Friday, as investors grew uneasy about the debt financing behind the AI build-out in the face of rising borrowing costs.

CoreWeave shares, bonds headed for steep weekly losses as AI borrowing concerns mount

PETRONAS and Vietnam National Industry–Energy Group (Petrovietnam) have signed a strategic alliance agreement to strengthen their 35-year partnership and advance energy security, sustainability and long-term growth.

PETRONAS, Petrovietnam sign strategic alliance to deepen 35-year energy partnership

China proposed adding advanced artificial intelligence (AI) technologies to its export-control list, potentially restricting overseas transfers of AI models and chip designs in an effort to keep closer control over homegrown advancements in a strategically important sector.

China plans AI tech export curbs to manage security risks

Five Malaysians arrested for concealing 5kg of cocaine in their shoe soles at Haneda International Airport in Tokyo, Japan, on Oct 10 are believed to be drug mules paid RM8,000 each.

Malaysian drug mules paid RM8,000 each to smuggle cocaine in shoes to Japan — police

A 16-year-old shooter opened fire on Thursday at an elementary school in Bend, Oregon, killing four people including three children, before being killed by an armed member of the community who had pursued the assailant into the school, police said.

Shooter kills four at Oregon elementary school before being shot dead by community member

Indonesia's stock market is no longer worthy of "emerging market" status, MSCI said on Friday, laying out a plan to remove it from a suite of indices tracked by funds, a shock move that sparked the steepest one-day drop in Jakarta shares since 1998.

Indonesia gets 'wake-up call' as MSCI prepares to expel it from global indices

EGH International Bhd (KL:ECOGRP) fell in its ACE Market trading debut on Friday amid relatively weak demand for the interior fit-out firm’s shares.

EGH International stumbles in ACE Market debut

<p>The Johor Bahru High Court has reinstated a lawsuit filed by a Maybank customer who lost nearly RM60,000 in allegedly&nbsp;unauthorised online transfers after scanning a third-party QR code, ruling that the dispute must proceed to a full trial.</p>


High Court reinstates customer's suit against Maybank over funds allegedly siphoned after QR scan

<p>Kuala Lumpur City Hall (DBKL) failed to obtain a stay on the High Court’s April decision ordering it and the wound-up developer, Fame Modulation Sdn Bhd, to pay RM1.3 million in damages to two former civil servants.<br />
&nbsp;</p>


DBKL fails to halt RM1.3 mil payment order over structural damage to Cheras retired civil servants’ home 

<p>Zetrix AI Bhd (KL:ZETRIX) acknowledged a potential breach of a sukuk's clause that requires the digital services firm’s managing director to remain as its single-largest shareholder.</p>


Zetrix AI acknowledges potential breach of sukuk covenant

<p>Malaysia-China cooperation in technical and vocational education and training (TVET) has secured thousands of training opportunities for Malaysians, with the partnership now focusing on developing skilled talent for high-value jobs in emerging technologies.</p>


Malaysia-China cooperation to prepare talent for higher-value jobs, says Zahid

<p>China’s campaign to promote the global use of the yuan appears to be accelerating as the authorities seek to build a more comprehensive financial ecosystem for the currency beyond just trade settlement.</p>


China’s plan to make yuan a global currency enters faster phase

<p>The High Court has given more time to Tan Sri Shahrir Samad and Tan Sri Tommy Thomas to iron out settlement terms in the former Federal Land Development Authority (Felda) chairman's malicious-prosecution suit against the former attorney general.</p>


Shahrir Samad, ex-AG Tommy Thomas to update court on Nov 11 of possible settlement in malicious-prosecution suit

<p>Malaysia’s economy expanded faster than expected in the third quarter as growth of manufacturing and services sectors offset a contraction in mining activities, official flash estimates showed.</p>


Malaysia’s economy outperforms with 5.3% expansion in 3Q, official flash estimates show

<p>Kepong Member of Parliament Lim Lip Eng has called on the Prisons Department to disclose the conditions governing convicted former prime minister Datuk Seri Najib Razak’s house arrest.</p>


Kepong MP calls for public disclosure of Najib’s house arrest terms

<p>EGH International Bhd (KL:ECOGRP) fell in its ACE Market trading debut on Friday amid relatively weak demand for the interior fit-out firm’s shares.</p>


<p>UBB Amanah Bhd has said that there would be delays in its trust income and maturity payments for October, due to "temporary liquidity constraints arising from delayed repayments by certain investee companies".</p>


UBB Amanah defers October trust payouts amid ‘temporary liquidity constraints’

<p>Eligible renewable energy developers under the Corporate Renewable Energy Supply Scheme (CRESS) Acceleration Package (CAP) will benefit from a fixed system access charge (SAC) of 14 sen per kilowatt-hour (kWh) for 10 years, while green consumers will be subject to a separate charge of four sen/kWh.</p>


CRESS charges fixed at 14 sen/kWh for developers, four sen for green consumers — Energy Commission

<p>Genting Property Sdn Bhd, the property division of Genting Plantations Bhd (KL:GENP), has entered into a strategic partnership with Huawei Technologies (Malaysia) Sdn Bhd to master-plan Johor Tech Smart City (JTSC), including its flagship 430-acre smart campus within the Knowledge AI Campus.</p>


Genting Property partners Huawei to master-plan 430-acre smart campus at Johor Tech Smart City

<p>A local assembly operation by Chinese carmaker BYD&nbsp;will offer incremental upside to Sime Darby Bhd (KL:SIME) which controls the plant, an analyst said.<br />
&nbsp;</p>


BYD local assembly offers incremental upside to Sime Darby — analyst

<p>Malaysian banking stocks could see some stability towards the end of 2026 as declining global bond yields provide an opportunity for banks to recover investment losses, said MBSB Research.</p>


Banks eye year-end stability on lower bond yields; dividends 'too attractive to ignore' — MBSB

<p>The Sessions Court here was told on Friday that local fashion company&nbsp;FashionValet Sdn Bhd&nbsp;received investment funds totalling nearly RM40 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) eight years ago.</p>


FashionValet received investment of almost RM40 mil from Khazanah, PNB, says witness

<p>Ormond Group, the hospitality arm of ECM Libra Group Bhd (KL:ECM), broke ground for the 396-key Ormond Desaru resort in Johor on Friday.&nbsp;<br />
&nbsp;</p>


Ormond Group breaks ground for Ormond Desaru resort

<p>Malaysia’s six homegrown semiconductor innovations developed under the Semiconductor IC Design Park have an estimated combined sales potential of RM300 million, said Economy Minister Akmal Nasrullah Mohd Nasir. However, he did not specify when the sales target could be achieved.</p>


Six chips developed under Semiconductor IC Design Park have RM300m sales potential, says minister

<p>The upfront costs incurred by CelcomDigi Bhd (KL:CDB) and Maxis Bhd (KL:MAXIS) for the latest spectrum awards are expected to be offset by capital expenditure savings and lower network costs, according to Hong Leong Investment Bank (HLIB).</p>


CelcomDigi, Maxis spectrum costs to be offset by capex and network savings — HLIB

<p>Singapore has identified seven companies it says were involved in wildfires in Indonesia that are choking the city-state with haze, and plans to issue notices requiring them to take preventive measures, the <em>Business Times</em> reported.&nbsp;</p>


<p>(Oct 15): Is an October Fed hike back on the table? The release of hot headline and core September US inflation figures sent markets into a tailspin on Wednesday, with futures markets at one point showing as much as a ​50-50 chance that the Federal Reserve may raise interest rates again this mont...