<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 3): Citaglobal Bhd (KL:<a href="/askedge/klse/7245" class="ce-stock" target="_blank">CITAGLB</a>) said it has secured a RM37.79 million subcontract to undertake construction work under Penang's light rail transit (LRT) project.</p></div>

<div class=newsTextDataWrapInner><p>The job awarded by SRS Consortium Sdn Bhd involves the construction of long spans from Komtar to East Jelutong for the LRT Mutiara Line project, the group said in a filing with Bursa Malaysia on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>The subcontract which raised the group’s outstanding order book to about RM1.45 billion was secured via a competitive tender process, said Citaglobal.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said it submitted its initial bid on April 9, followed by a subsequent submission through the Ariba e-auction platform on May 8.</p></div>

<div class=newsTextDataWrapInner><p>SRS Consortium is the civil main contractor for the package, which covers the design, construction and completion of viaduct guideways, elevated stations, a depot and other associated infrastructure from Penang South Reclamation Island A to Komtar. The project’s employer is MRT Mutiara Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Citaglobal closed unchanged at 79 sen on Wednesday, giving the group a market capitalisation of RM390.7 million.<br />
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Citaglobal Bhd (KL:CITAGLB) said it has secured a RM37.79 million subcontract to undertake construction work under Penang's light rail transit (LRT) project.

Citaglobal lands RM38 mil subcontract under Penang LRT project

Toyota Motor estimates it could cost 1 trillion yen (US$6.4 billion) annually from 2028 to modernise its factories as the world's biggest carmaker accelerates automation and robotics deployment.

Across the industry, automakers are turning to robotics to cut costs and address ageing infrastructure and labour shortages, a strategy that analysts say could open a growth avenue beyond vehicle manufacturing.

Toyota estimates factory automation could cost US$6.4 billion per year from 2028

The Bank of Japan (BOJ) raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalisation from Washington.

Japan's central bank hikes rates in split decision after US pressure

Former economy minister Datuk Seri Rafizi Ramli wants Pakatan Harapan leaders to explain the conditions behind Datuk Seri Najib Razak's house arrest.

Rafizi wants PH leadership to explain Najib’s house arrest

Tenaga Nasional Bhd (KL:TENAGA) will absorb the impact from the electricity tariff fuel surcharge exemption that has been expanded to more households up until the end of this year.

Tenaga Nasional to absorb fuel surcharge for electricity subsidy expansion

A newly created entity at the heart of South Korea’s US$350 billion (RM1.43 trillion) US investment pledge is considering heading to the bond market for the first time, offering an early glimpse into how Seoul plans to finance one of the largest commitments in its trade deal with Washington.

South Korea-US investment arm said to mull debut bond for US$350 bil pledge

The Malaysia Gold Association (MGA) is calling for greater government support to promote Malaysian gold products in international markets.

Budget 2027: MGA calls for incentives to promote Malaysia gold products globally

The conditional pardon allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his sentence under house arrest does not weaken the government’s resolve to fight corruption and power abuse, Prime Minister Datuk Seri Anwar Ibrahim said.

Najib's conditional pardon does not weaken govt's corruption fight — PM

TMK Chemical Bhd (KL:TMK) has agreed to acquire Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd (KL:BKAWAN) and its wholly-owned unit Enternal Edge Sdn Bhd for RM939.9 million.

TMK Chemical to buy CCM from Batu Kawan for RM939.9m

Umno members have been urged to be grateful for the conditional pardon granted to former prime minister Datuk Seri Najib Razak, while continuing to observe proper decorum and respect the established process.

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Pakatan Harapan will hold a presidential council meeting on Friday evening to discuss current developments, according to a local news report.

Pakatan Harapan leaders to meet on current political developments — report

<p>AirAsia Group Bhd's (KL:AAGB) operation is sustainable with over RM1 billion cash in hand, group adviser Tan Sri Tony Fernandes said&nbsp;as he dismissed concerns about the airline's finances.</p>


AirAsia sustainable with RM1 bil cash, no govt bailout requested, says Fernandes

<p>Former prime minister Datuk Seri Najib Razak has been allowed house arrest to serve out his&nbsp;remaining sentence for grand corruption.&nbsp;</p>


King consents to house arrest for Najib until August 2028

<p>AirAsia Group Bhd (KL:AAGB) has sold six newly-delivered aircraft since the start of last year, including two in July, in an unusual about-face that points to the financial strain gripping the airline.&nbsp;</p>


Cash-strapped AirAsia takes unusual step of unloading new planes

<p>Budget 2027 could see further sales and service tax (SST) exemptions to reduce costs embedded in businesses, alongside possible personal income tax relief for middle-income taxpayers, according to CIMB Securities.</p>


Budget 2027 may bring SST exemptions, income tax relief for middle-income earners — CIMB Securities

<p>Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh has denied signing any house arrest order involving former prime minister Datuk Seri Najib Razak, which has been circulating on social media.</p>


Hannah Yeoh denies signing Najib’s house arrest order

<p>Malaysia Airlines’&nbsp;parent is said to be closing in on an order for Boeing Co 787 Dreamliners as the carrier seeks to renew its long-haul fleet, according to people familiar with the matter.<br />
&nbsp;</p>


Malaysia Airlines closing in on order for Boeing 787 Dreamliners — Bloomberg

<p>It is unfeasible for rivals to absorb AirAsia Group Bhd's (KL:AAGB) domestic market share even as a contingency plan, the airline’s adviser Tan Sri Tony Fernandes said.</p>


Talks of rival airlines absorbing AirAsia's capacity 'ludicrous' — Fernandes

<p>Keyfield International Bhd (KL:KEYFIELD) slid to a one-year low amid softer accommodation workboat demand and charter rates.</p>


Kenanga says sell-off unjustified after Keyfield hits one-year low

<p>The Bank of Japan (BOJ) raised its benchmark interest rate in a split decision showing dissent within the board as it confronts mounting inflation risks and unusually explicit calls for further policy normalisation from Washington.</p>


<p>Oil prices fell 2% on Friday, extending losses for a third straight session as easing concerns over Saudi supply disruptions outweighed anxiety about a widening of conflict across the Middle East.</p>

<p>Brent crude futures LCOc1 fell by US$2.14, or 2%, to US$102.68 a barrel by 0806 GMT. US West Texas Intermediate CLc1 futures fell US$1.83, or 1.8%, to US$100.08.</p>


Oil prices fall 2% on easing fears over Saudi supply disruption

<p>Binastra Corporation Bhd (KL:BNASTRA) eked out a new all-time high in Friday trading while analysts raised their outlook after the construction firm’s latest results.</p>


Binastra shares eke out new record, analysts raise outlook after results

<p>Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh and Attorney General Tan Sri Mohd Dusuki Mokhtar attended the&nbsp;64th meeting of the Pardons Board for the Federal Territories of Kuala Lumpur, Labuan, and Putrajaya at Istana Negara on Friday.</p>


Hannah Yeoh, AG attend Pardons Board meeting

<p>Sunway Medical Group broke ground for the RM800 million Sunway Medical Centre Iskandar Puteri in Johor on Friday, further completing the 2,000-acre Sunway City Iskandar Puteri township development.&nbsp;</p>


Sunway Medical Group breaks ground for RM800 mil Sunway Medical Centre Iskandar Puteri in Johor

<p>Pakatan Harapan will hold a presidential council meeting on Friday evening to discuss current developments, according to a local news report.</p>


<p>Thirty-three areas across the country woke to unhealthy air on Friday morning, with the air pollutant index (API) crossing into unhealthy territory in several states as of 9am.</p>


Haze worsens as 33 areas nationwide record unhealthy readings

<p>Asian stocks rose and the dollar held its ground on Friday as investors contended with global policymakers ramping up efforts to rein in inflation, with the Bank of Japan (BOJ) joining the fray in delivering a widely expected rate hike that left the yen softer.</p>


Asian stocks rise as oil dips; yen weakens after BOJ hike

<p>Malaysia's inflation was a tad faster than expected in August as price growth in transport, utilities and food picked up, official data released on Friday showed.</p>


Malaysia inflation speeds up in August, underlying price growth slows

<p><br />
Indonesian tycoon Andi Syamsuddin Arsyad agreed to acquire a major stake in miner PT Bayan Resources, setting the stage for him to become one of the biggest players in the global coal industry.<br />
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Indonesian tycoon close to Prabowo creates coal mining giant

<p>Saudi Arabia and Yemen's Iran-backed Houthis exchanged fresh strikes across their border on Thursday and Yemenis took to boats in the Red Sea to escape fighting, as the spreading Middle East war created new threats to global oil supplies.</p>
