<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 12): Silver Ridge Holdings Bhd (KL:<a href="/askedge/klse/0129" class="ce-stock" target="_blank">SRIDGE</a>) has secured a subcontract worth RM11.39 million linked to the Johor Bahru Rapid Transit System Link project.</p></div>

<div class=newsTextDataWrapInner><p>The subcontract mainly involves supply of materials, labour, tools and equipment, plant and machinery necessary for the construction and mixed-use development at Bukit Chagar, Silver Ridge said in an exchange filing on Friday.</p></div>

<div class=newsTextDataWrapInner><p>The job, which commenced on April 23, 2026, is expected to be completed by April 30, 2027, the company said. Silver Ridge’s financial year ends on June 30.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The subcontract was awarded by Sunway Geotechnics (M) Sdn Bhd to Silver Ridge's wholly-owned subsidiary Ingress Delta Construction Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Sunway Geotechnics is an indirect wholly-owned unit of Sunway Construction Group Bhd (KL:<a href="/askedge/klse/5263" class="ce-stock" target="_blank">SUNCON</a>), one of the main contractors involved in the project that will link Johor Bahru and Singapore.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Silver Ridge fell six sen or nearly 16% to close at 32.5 sen on Friday, valuing the group at about RM133 million ahead of the announcement.</p></div>


Silver Ridge Holdings Bhd (KL:SRIDGE) has secured a subcontract worth RM11.39 million linked to the Johor Bahru Rapid Transit System Link project.

The subcontract mainly involves supply of materials, labour, tools and equipment, plant and machinery necessary for the construction and mixed-use development at Bukit Chagar, Silver Ridge said in an exchange filing on Friday.

Silver Ridge secures RM11.4 mil supply subcontract

IN Budget 2027, Prime Minister Datuk Seri Anwar Ibrahim announced a RM30 million allocation for the Malaysia Digital Economy Corporation (MDEC) to help 4,000 micro, small and medium enterprises (MSMEs) adopt artificial intelligence (AI), and to train and certify 5,000 AI professionals. Separately, nearly RM15 million will go to AI Malaysia Bhd to strengthen a safe and ethical AI ecosystem, supporting a target of 200,000 skilled AI workers.

Opinion: From AI ambition to business results: Making Budget 2027 count

A former company director, Datuk Seri Liew Kok Leong, has been charged with criminal breach of trust (CBT) of over RM5.5 million funds belonging to a private limited entity, in addition to money laundering.

Former director charged with CBT for misappropriating RM5.5 mil of company funds

Johor's booming data centre industry could consume more than 90% of the additional electricity generated in Peninsular Malaysia in the next five years, raising concerns over power supply and grid infrastructure constraints, according to a report by BMI, a Fitch Solutions company.

Johor data centres could consume over 90% of peninsular's additional power generation by 2031 — BMI

There’s no end in sight for the sell-off in China’s artificial intelligence (AI) model developer stocks, with competition growing ever more heated and the threat of rival listings next year.

China's US$150 bil AI model stock slump shows no sign of easing

Bestari Food Bhd has received approval from the securities regulator for its proposed listing on the Main Market of Bursa Malaysia.

Bestari Food gets regulator’s nod, shariah status for Main Market listing

The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.

US proposes curbs on investment in Chinese biotech firms

SINGAPORE (Oct 23): Singapore Exchange (SGX) should begin planning ahead for the “eventual transition” for the role of CEO, said CEO Loh Boon Chye at the group’s annual general meeting (AGM) on Friday.

SGX should begin planning ahead for ‘eventual transition’ in CEO role, says Loh Boon Chye

BENGALURU (Oct 23): Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meet.

Gold heads for steep weekly loss as oil prices fuel Fed rate concerns

Malaysia Aviation Group (MAG) and Citibank Bhd (Citi) have announced a US$75 million (RM306 million) structured trade finance facility to improve working capital management, enhance liquidity and strengthen supply chain resilience to support MAG’s operational requirements across Asia.

Malaysia Aviation Group, Citi announce US$75m trade finance facility to strengthen supply chain

KUALA LUMPUR (Oct 23): Petroliam Nasional Bhd’s (PETRONAS) wholly owned subsidiary Petronas CCS Ventures Sdn Bhd (PCCSV), TotalEnergies EP CCS Malaysia and Mitsui & Co Ltd have signed a joint-venture agreement (JVA) to develop the CO2 storage areas offshore Peninsular Malaysia, a key component of Malaysia's Southern Carbon Capture and Storage (CCS) Hub.

PETRONAS, TotalEnergies and Mitsui ink deal for carbon storage areas in southern hub

<p>Foodie Media Bhd (KL:FOODIE) rose on Friday to extend a rebound from all-time lows thanks to a set of stronger-than-expected results at the social media content company.</p>


Foodie Media extends rebound from all-time lows after results beat

<p>Asian shares fell on Friday as concerns over the enormous funding needs of artificial intelligence (AI) hammered tech and led to the biggest daily rally in Treasuries in more than three years, with investors fleeing to sovereign bonds and safe-haven currencies.</p>


Asian shares wobble as tech rout boosts bonds, dents rate hike bets

<p>Sarawak Premier Tan Sri Abang Johari Tun Openg is expected to announce the dissolution of the Sarawak State Legislative Assembly on Friday afternoon, paving the way for a state election.</p>


Abang Johari expected to announce Sarawak assembly dissolution this afternoon

<p>The Trump administration is seeking to restrict American investment in Chinese biotechnology companies, potentially complicating financial ties at a time when US drugmakers are increasingly turning to China for new medicines.</p>


<p>(Oct 23): Oil prices were little changed in early Asian trade on Friday, after rising 4% to a five-month high in the previous session due to concern of further energy supply disruption after Houthi attacks on top exporter Saudi Arabia.</p>


Oil little changed as supply concern lingers amid Houthi attacks on Saudi Arabia

<p>(Oct 23):&nbsp;Wall Street shunned stocks as a technology rout and Middle East risks drove investors to the safety of bonds, reducing bets on another Federal Reserve rate hike in 2026.</p>


Stocks fall as AI jitters ease bets on Fed hikes

<p>Property developer KEB Bhd has priced its shares at 35 sen apiece for its ACE Market listing.</p>


Real estate developer KEB aims to raise nearly RM80 mil from ACE Market IPO

<p>Mi Technovation Bhd (KL:MI) will report “stellar” third-quarter results following robust guidance from its soon-to-be-listed semiconductor material unit, its most bullish analyst said.</p>


Mi Technovation’s most bullish analyst predicts ‘stellar’ 3Q

<p>The 2% Employees Provident Fund (EPF) contribution rate payable by employers for non-Malaysian workers is relatively low, the Finance Ministry (MOF) said.</p>


MOF: 2% EPF contribution rate for foreign workers relatively low

<p>KUALA LUMPUR (Oct 22): The remaining net financial burden borne by the government in relation to 1Malaysia Development Bhd (1MDB) is estimated at RM20.1 billion, assuming no further recovery of funds or assets in the future.</p>


MOF: Govt’s net financial burden related to 1MDB estimated at RM20.1 bil

<p>The proposed construction of the Madani Highway connecting Seremban-Kuala Pilah-Bahau is not currently in the Works Ministry’s (KKR) plans, according to the ministry.</p>


Proposed Seremban-Kuala Pilah-Bahau highway not being planned — Works Ministry

<p>SYDNEY/SAN FRANCISCO/BENGALURU (Oct 23): Sales of Apple's&nbsp;first folding phone, the iPhone Duo, began on Friday, with market watchers betting on whether the device can reinvent the small foldables market just like the iPhone did for smartphones.</p>


Apple launches into foldable market as iPhone Duo sales begin

<p>YILAN/TAIPEI, Taiwan (Oct 23): Almost all of Taiwan shut down on Friday ahead of the arrival of Typhoon Champi, which is forecast to bring strong winds and torrential rain, though the storm is weakening and is not expected to make direct landfall on the island.</p>


Taiwan shuts down ahead of Typhoon Champi, hundreds of flights cancelled

<p>More than three-quarters of data centres set to be built around Australia’s biggest cities are at risk from stretched power grids and local opposition, threatening the country’s ambition to become an artificial intelligence (AI) hub for the Asia Pacific region.</p>


AI data centre backlash threatens Australia’s US$70 bil dream

<p>There’s no end in sight for the sell-off in China’s artificial intelligence (AI) model developer stocks, with competition growing ever more heated and the threat of rival listings next year.</p>


<p>BENGALURU (Oct 23): Gold eased on Friday, headed for its steepest weekly decline in over four months as elevated oil prices bolstered higher-for-longer interest rate expectations, while investors awaited next week's Federal Reserve policy meet.</p>


<p>A total of 16 areas nationwide recorded unhealthy air quality as at 9am on Friday, with Johan Setia in Selangor registering the highest air pollutant index (API) reading of 160.</p>


Haze: 16 areas record unhealthy API readings as at 9am, Johan Setia highest at 160

<p>SEOUL (Oct 23): South Korean chipmaker SK Hynix&nbsp;said on Friday that it had suspended its review of a US initial public offering (IPO) for its Solidigm subsidiary, citing financial market volatility and share price trends.</p>


SK Hynix says Solidigm suspends review of US IPO, citing market volatility

<p>SEOUL (Oct 23): The US armed forces have banned Chinese carmaker BYD's EVs from an air base in Japan due to security concerns, South Korea's <em>Yonhap</em> news reported on Friday, after Washington put the company on a list of enterprises it believes are aiding China's military.</p>
