<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 19): Favelle Favco Bhd (KL:<a href="/askedge/klse/7229" class="ce-stock" target="_blank">FAVCO</a>) has secured three new contracts to supply tower and offshore cranes worth a combined RM76.3 million.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday, the group said the orders were awarded to its wholly-owned subsidiaries, Favelle Favco Cranes Pty Ltd and Favelle Favco Cranes (M) Sdn Bhd. Delivery of the cranes is scheduled by end-2026 and the first quarter of 2027.</p></div>

<div class=newsTextDataWrapInner><p>The contracts are expected to contribute positively to Favelle Favco’s earnings and net assets for the financial year ending Dec 31, 2026 and beyond.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>These wins follow Favelle Favco’s announcement on Nov 25 of RM79 million worth of contracts for four cranes. As at Nov 12, its outstanding order book stood at RM519 million.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Favelle Favco closed five sen or 3.1% higher at RM1.65 on Monday, giving the group a market capitalisation of RM391.35 million. The counter was largely unchanged over the past year.</p></div>


Favelle Favco Bhd (KL:FAVCO) has secured three new contracts to supply tower and offshore cranes worth a combined RM76.3 million.

Favelle Favco wins three crane deals worth RM76m

Asian technology stocks looked set for losses Tuesday after a selloff in US chipmakers deepened, overshadowing a plunge in oil prices on hopes for diplomatic progress toward ending the war in Iran.

Nasdaq slide clouds Asian open, oil falls on Iran

Apple Inc. posted September quarter revenue that narrowly topped analysts’ estimates, even as sales in the key Chinese market fell short of projections.

Apple sales meet estimates, though China is a weak spot

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

<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>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>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>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>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>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>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>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>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>


<p>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.</p>


<p>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.</p>


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

<p>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.</p>


<p>Taiwan criticised China for breaching protocol in its invitation to an upcoming Apec meeting, with Beijing seen as having slighted both President Lai Ching-te and the island’s international standing.</p>


Taiwan hits out at China for diplomatic slight in Apec invitation

<p>Pakatan Harapan (PH) has lodged a police report against Barisan Nasional (BN) candidate for the 16th Melaka state election, Datuk Khaidirah Abu Zahar, over allegations that she campaigned using government premises and machinery.</p>


PH files police report, alleging BN candidate for Rim used govt assets during campaign

<p>Danone is ramping up research investment in China as it plans more medical nutrition products aimed at the country’s ageing population.</p>


Danone targets China’s ageing population with new research hub

<p>Belgium's King Philippe urged Prime Minister Bart De Wever on Monday to find a compromise over next year's budget, with his government on the brink of collapse following the failure of another round of late-night negotiations.</p>


Collapse of Belgian govt imminent after failure of budget talks 

<p>Several Penang state assemblymen have called for a State Commission of Inquiry (SCI) to investigate the fatal landslide at Taman Seri Rambai, Paya Terubong last week.</p>
