<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 10): Infomina Bhd (KL:<a href="/askedge/klse/0265" class="ce-stock" target="_blank">INFOM</a>) has bagged a two-year RM23.49 million contract to provide technology infrastructure operations, maintenance and support services to the Inland Revenue Board (IRB).</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, the group said the contract covers both hardware and software maintenance services for the IRB’s data warehouse systems. The scope includes software licence renewals and support, hardware technical support and maintenance and related professional support services.</p></div>

<div class=newsTextDataWrapInner><p>The contract will run from April 1, 2026, to March 31, 2028.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Infomina noted that any extension or renewal beyond the contract period will be subject to the IRB's discretion.</p></div>

<div class=newsTextDataWrapInner><p>Last month, Infomina won a similar three-year contract from the Immigration Department worth RM68.92 million.</p></div>

<div class=newsTextDataWrapInner><p>At Friday’s close, Infomina’s shares slipped one sen or 0.9% toRM1.10, giving the group a market capitalisation of RM661.4 million.</p></div>

<div class=newsTextDataWrapInner><p>According to AskEdge data, the stock is trading at a trailing price-earnings ratio of 31.2 times, behind Go Hub Capital Bhd (KL:<a href="/askedge/klse/0311" class="ce-stock" target="_blank">GOHUB</a>) at 73.7 times and ITMAX System Bhd (KL:<a href="/askedge/klse/5309" class="ce-stock" target="_blank">ITMAX</a>) at 51.1 times.</p></div>


Infomina Bhd (KL:INFOM) has bagged a two-year RM23.49 million contract to provide technology infrastructure operations, maintenance and support services to the Inland Revenue Board (IRB).

Infomina bags RM23.5m IT services contract from IRB

Wall Street's main indices edged lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.

Wall Street slides as hot CPI data fuels rate-hike bets; chips, banks weigh

Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.

US yields jump as hot consumer inflation boosts rate hike bets

Lembaga Tabung Haji is proposing amendments to the Tabung Haji Act 1995 to bar active politicians from its board.

Tabung Haji mulls legislative changes to ban politicians from board     

A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.

Sabah MP urges govt intervention over AirAsia woes just days after fellow MP warned Putrajaya against bailouts

Firefly has further extended the cancellation of flights between Subang and Singapore until Oct 16 as haze conditions worsen in the city-state.

Firefly extends Subang-Seletar flight cancellations till Oct 16

US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to President Donald Trump and his Republican Party ahead of the November 3 midterm elections and putting an interest rate increase later this month back on the radar.

US inflation heats up in September; Fed rate hike this month back on table

Japan will invest up to US$21 billion (RM85.7 billion) in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.

Japan to invest up to US$21b in two US chip factories to be run by GlobalFoundries

More than a dozen US companies are exploring opportunities in Malaysia’s rare earths sector, including mining projects with local partners and processing facilities, according to the US Embassy in Kuala Lumpur.

More than a dozen US firms explore rare earths opportunities in Malaysia — US embassy

Netflix is cutting about 6% of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.

Netflix cuts about 6% of jobs in biggest layoff since 2022 — report

Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.

In a response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

<p>IHH Healthcare Bhd (KL:IHH)&nbsp;is considering joining the race to buy Malaysian hospital assets being sold by TPG Inc, people with knowledge of the matter said.&nbsp;</p>


IHH said to join race for TPG’s Malaysian hospitals

<p>United Malacca Bhd (KL:UMCCA) said on Wednesday that&nbsp; its executive director Datuk Seri Tee Lip Sin has died at the age of 55.</p>


United Malacca executive director Tee Lip Sin passes away at 55

<p>The High Court here on Wednesday refused to grant former prime minister Datuk Seri Najib Razak a stay of his jail sentence in the 1Malaysia Development Bhd (1MDB) case.</p>


Najib fails to pause 15-year jail term, fine in 1MDB case

<p>Paper losses on Bank of America Corp’s bond portfolio rose past US$100 billion (RM408.2 billion), bringing the spotlight back on a pain point that was at the heart of the 2023 regional-banking crisis.</p>


BofA’s bond portfolio surpasses US$100 bil in paper losses

<p>Operator of pharmacy chains Big Caring Group Bhd (BCG) has signed a retail underwriting agreement with Maybank Investment Bank Bhd, RHB Investment Bank Bhd and AmInvestment Bank Bhd ahead of its proposed listing on the Main Market of Bursa Malaysia.&nbsp;</p>


Big Caring Group signs retail underwriting agreement with three banks for Main Market IPO; 1.9 bil shares to be issued

<p>Malaysia aims to table a law that will criminalise rent seeking and the government is studying potential punishment, Economy Minister Akmal Nasrullah Mohd Nasir said.</p>


Malaysia to table legislation combating rent seeking in 2027

<p>Hongkong Land Holdings Ltd is in discussions with Ong Beng Seng’s Hotel Properties Ltd to buy a majority stake in three buildings in Singapore’s Orchard Road shopping belt, according to people familiar with the matter.</p>


Hongkong Land to seek stake in tycoon Ong Beng Seng’s Singapore assets — Bloomberg

<p>In scenes reminiscent of the post-apocalyptic film <em>Mad Max</em>, thick orange-brown haze has&nbsp;returned to Indonesia's Central Kalimantan, darkening the skies and severely reducing visibility amid the forest and land fires gripping the province.</p>


Mad Max-like skies return as forest fires, haze grip Indonesia's Kalimantan

<p>Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.</p>


<p>THE 1Malaysia Development Bhd (1MDB) scandal exposed failures that extended beyond the individuals accused of wrongdoing, raising questions about the effectiveness of the institutions and oversight mechanisms entrusted with safeguarding public funds.</p>

<p>The fallout has extended to auditors...

Where the buck stops when governance fails

<p>Gamuda Bhd (KL:GAMUDA) said its joint venture has secured a contract worth RM3.7 billion to build the Keelung mass rapid transit system (MRT) and trackwork project in Taiwan.</p>


Gamuda JV gets RM3.7b contract to build Taiwan urban rail system

<p>The Madani Submarine Cable&nbsp;(Salam) project, which aims to strengthen communications connectivity between Peninsular Malaysia, Sabah and Sarawak, is expected to begin in the first quarter of 2027 (1Q2027) and be completed by 4Q2029.</p>


Madani Submarine Cable project expected to begin in 1Q2027

<p>Newly listed EcoSys (Malaysia) Bhd (KL:ECOSYS) plans to nearly double its cleanroom capacity by the end of this year to meet growing demand from existing and new customers.</p>


EcoSys to nearly double cleanroom capacity by year end amid growing demand

<p>Battersea Power Station Development Company Ltd has secured a £280 million (RM1.52 billion) refinancing loan from various banks for its Battersea Power Station development project.</p>


Battersea Power Station secures £280 mil refinancing loan

<p>A total of 1,726 housing developments have been revived by a task force for sick and abandoned projects at the end of August, the Ministry of Housing and Local Government reported.</p>


Housing Ministry reports over 1,700 projects worth RM158 bil revived as of August

<p>More than a dozen US companies are exploring opportunities in Malaysia’s rare earths sector, including mining projects with local partners and processing facilities, according to the US Embassy in Kuala Lumpur.</p>


<p>Asian data centre operator Princeton Digital Group Ltd is seeking a syndicated loan of up to US$1.2 billion (RM4.9 billion) to fund its Malaysia buildout, according to a person familiar with the matter, as the debt binge to finance artificial intelligence (AI) infrastructure continues.</p>


Singapore’s Princeton Digital Group seeks US$1.2 bil loan for Malaysia data centre — Bloomberg

<p>The Malaysian Anti-Corruption Commission (MACC) on Wednesday summoned Datuk Seri Nazir Hussin Akhtar Husin, his wife and an aide to its headquarters here to assist in an investigation into alleged misappropriation and abuse of position involving an investment deal worth about RM10 million.</p>


MACC summons Nazir Hussin, wife, aide over RM10 million investment deal

<p>The Malay Rulers have urged outsiders not to interfere in or politicise the dispute over the Negeri Sembilan throne, calling for the matter to be resolved by the relevant authorities through proper legal and customary channels.</p>

<p>In a statement issued on Wednesday by Keeper of the Rulers' Seal Tan Sri Syed Danial Syed Ahmad on behalf of the Malay Rulers, all parties involved were urged to exercise wisdom, patience and respect for adab, adat and the dignity of the royal institution.</p>


Malay rulers urge outsiders not to politicise Negeri Sembilan throne dispute

<p>A total of 27 areas nationwide recorded unhealthy air pollutant index (API) readings as of 9am on Wednesday, with Pasir Gudang, Johor, registering the highest at 177.</p>
