<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 2): Pekat Group Bhd (KL:<a href="/askedge/klse/0233" class="ce-stock" target="_blank">PEKAT</a>) announced its first win for the year, securing an order worth RM113.3 million for medium-voltage power distribution equipment.</p></div>

<div class=newsTextDataWrapInner><p>Under the contract, Pekat will be supplying Tenaga Nasional Bhd (KL:<a href="/askedge/klse/5347" class="ce-stock" target="_blank">TENAGA</a>) with 11-kilovolt motorised ring main units — medium-voltage switchgear used to control power flows — along with interconnectors and remote control boxes. The contract will run for two years.</p></div>

<div class=newsTextDataWrapInner><p>The contract’s letter of award dated Dec 29, 2025 was accepted by its indirect 60%-owned subsidiary EPE Switchgear (M) Sdn Bhd, Pekat Group said in an exchange filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>EPE Switchgear will have to provide a performance security cost of RM5.67 million, representing 5% of the contract value, within 28 days of the letter of award, according to the terms of the contract.</p></div>

<div class=newsTextDataWrapInner><p>The company is also required to put in place the relevant insurance coverage before commencing work, according to the filing.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Pekat Group paused for midday trading break two sen or 1.27% higher at RM1.60, giving the company a market capitalisation of RM1.13 billion.&nbsp;</p></div>


Pekat Group Bhd (KL:PEKAT) announced its first win for the year, securing an order worth RM113.3 million for medium-voltage power distribution equipment.

Pekat Group bags RM113 mil contract to supply power distribution equipment

A selloff in chipmakers weighed on stocks, offsetting a slump in oil prices driven by hopes for diplomatic efforts to end the war in Iran. West Texas Intermediate settled near US$96.50 a barrel. While most S&P 500 firms rose, the index fell amid technology weakness

S&P 500 falls as chip rout offsets US-Iran hopes

NEW YORK (Nov 2): The US Treasury is widely expected to leave coupon auction sizes unchanged at this week's quarterly refunding announcement, but investors are focused on possible changes ​in 2027 that will help finance growing deficits and a wave of government debt maturing in the coming ye...

US Treasury auction changes loom in 2027; dealers eye long-end cuts

Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.

Marvell reaches US$115 bil deal for Lumentum 

Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.

Wall Street rises as oil falls heading into US midterm elections, more earnings

On a typically muggy Taipei day, dozens of eager Taiwanese investors packed into a conference room. Their latest obsession: the sprawling suburbs of the Arizona desert, more than 7,000 miles from the dense neighbourhoods and narrow alleys of the island metropolis.

TSMC’s US$265 bil campus driving real estate boom in Phoenix suburbs

A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.

New cyberattack on supermarket fridges sweeps across Europe

US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

US manufacturing activity accelerates as production picks up

Anthropic PBC reported third-quarter (3Q) revenue of nearly US$17 billion (RM68.95 billion) as of Sept 30, a twelve-fold increase versus the same period a year ago that’s set to stoke anticipation for the artificial intelligence (AI) lab’s potentially record-breaking  initial public offering (IPO).

Anthropic 3Q revenue hits nearly US$17 bil before blockbuster IPO

Oracle plans to raise US$20 billion (RM81.4 billion) through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.

Oracle taps investors for US$20b to finance AI expansion

Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.

China rolls out support measures to aid struggling stocks

<p>Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.</p>


BananaBro, Boat Noodle founder Tony Lim dies at 47 

<p>The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.</p>


High Court dismisses Negeri Sembilan excos objection against private lawyers representing state govt, state secretary   

<p>Google is allocating US$160 million (RM651 million) to fund new shared water infrastructure in Negeri Sembilan to support local community needs and its upcoming data centre operations at the Springhill Industrial Park in Port Dickson.</p>


Google allocates RM651m to build water infrastructure in Negeri Sembilan

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


United Malacca, Handal Energy, CTOS Digital, ISF Group, Mega Fortris, GIIB, Ni Hsin, Econpile, Infomina, Signature Alliance, Pekat, Kretam

<p>Infomina Bhd (KL:INFOM) has secured a five-year appointment from US technology company Broadcom to distribute and support its Agile Operations Division (AOD) software across 13 Asia Pacific markets, expanding its regional presence and enterprise software offerings.</p>


Infomina secures five-year Broadcom appointment to expand software business across 13 Asia Pacific markets

<p>The Seremban High Court on Monday has allowed the Negeri Sembilan Dewan Keadilan dan Undang (DKU) to intervene in the suit brought by 10 former state executive councilors against the state secretary Datuk Mohd Zafir Ibrahim and the state government, to challenge their removal from the executive council.</p>


Negeri Sembilan DKU allowed to intervene in former excos’ suit, but not its secretary

<p>Reservoir Link Energy Bhd (KL:RL) said on Monday its 60%-owned unit has been appointed as a panel contractor for PETRONAS’s research arm.</p>


Reservoir Link appointed panel contractor for PETRONAS research unit

<p>Prosper Trading Sdn Bhd's failure to initially recognise Australian-listed PRL Global Ltd and its wholly owned subsidiary as persons acting in concert (PACs) led to its collective shareholding in United Malacca Bhd (KL:UMCCA) crossing the 33% takeover threshold in September 2024, triggering a mandatory general offer (MGO) that was not made at the time.</p>


Prosper's overlooked PRL Global ties behind delayed United Malacca takeover offer

<p>Northern Solar Holdings Bhd (KL:NORTHERN) has secured two letters of award to supply renewable energy from solar projects with a combined capacity of 189 megawatts (MW), coupled with battery storage systems, to two data centre projects.</p>


Northern Solar secures solar-plus-battery projects totalling 189MW for data centres

<p>Singapore has denied investigating a Chinese executive reportedly close to Nvidia chief Jensen Huang, rejecting claims made in a <i>Wall Street Journal</i> report that authorities were "concerned" about possible Chinese espionage.</p>


Singapore denies probe into reported Chinese spy plot linked to Nvidia boss

<p>Parti Bersama Malaysia leader Datuk Seri Rafizi Ramli said he is cancelling his Tuesday campaign engagements for the Melaka election to present himself to federal police headquarters in Bukit Aman for questioning.</p>


Rafizi cancels Melaka campaign appearances to answer Bukit Aman summons 

<p>Econpile Holdings Bhd’s (KL:ECONBHD) subsidiary has secured a RM73 million contract to carry out piling and foundation works for a new hospital building at Hospital Tung Shin in Kuala Lumpur.</p>


Econpile bags RM73 mil contract for new Tung Shin Hospital building

<p>Kuala Lumpur City Hall (DBKL) has approved only 4,218 units of afforable homes in Bandar Madani Bukit Jalil for now, with approvals for the remaining units subject to the completion of supporting infrastructure in the township, Parliament was told.</p>


Bandar Madani Bukit Jalil housing approval only covers 4,218 units for now as traffic study continues, says FT minister

<p>A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.</p>


<p>Signature Alliance Group Bhd (KL:SAG) said it has secured a RM51.56 million contract to undertake the redevelopment &nbsp;of &nbsp;the Underwater World Langkawi aquarium on the island.</p>


Signature Alliance bags RM52 mil contract to redevelop Langkawi aquarium

<p>ISF Group Bhd (KL:ISF) has secured four contracts worth a combined RM83.23 million for a hyperscale data centre in Port Dickson, Negeri Sembilan, the largest amount it has announced to date. &nbsp;&nbsp;</p>


ISF Group grows order book to RM225.5m with data centre contracts worth RM83.2m 

<p>Goldman Sachs Group Inc has irked some of its staff after it banned most of them from using advanced artificial intelligence (AI) tools designed for coding after reviewing productivity and risk concerns.</p>


Goldman restricts traders and bankers from using some AI tools — Bloomberg

<p>Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.</p>


<p>Handal Energy Bhd (KL:HANDAL) has been issued a show-cause notice by Bursa Malaysia to explain why it should not be delisted after failing to submit its annual report more than six months past the April 30 deadline.</p>


Handal Energy faces delisting over six-month delay in annual report submission 

<p>Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.</p>
