<div class=newsTextDataWrapInner><p>SHAH ALAM (June 15): Powerwell Holdings Bhd (KL:<a href="/askedge/klse/0217" class="ce-stock" target="_blank">PWRWELL</a>), and its wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd, has secured a RM158.8 million contract, its largest to date, to supply and deliver low-voltage switchboards for an undisclosed international contractor. The contract is to be fulfilled by March 2027.</p></div>

<div class=newsTextDataWrapInner><p>In a statement on Monday, the company said the contract is its largest to date. It is also its second large-scale contract in 2026, after it secured a RM68.5 million job in January.</p></div>

<div class=newsTextDataWrapInner><p>The company said the contract was awarded by a repeat customer, underscoring continued confidence in the group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group’s order book stood at RM150.8 million as of end-March 2026, excluding the latest contract. It also has a strong tender pipeline, with ongoing bids in data centres, renewable energy, semiconductors, and infrastructure.</p></div>

<div class=newsTextDataWrapInner><p>Powerwell’s shares were unchanged on Monday at 80 sen a share, valuing the company at RM487.66 million. Over the past year it has gone up more than 66%.<br />
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Powerwell Holdings Bhd (KL:PWRWELL), and its wholly-owned subsidiary Kejuruteraan Powerwell Sdn Bhd, has secured a RM158.8 million contract, its largest to date, to supply and deliver low-voltage switchboards for an undisclosed international contractor. The contract is to be fulfilled by March 2027.

Powerwell lands RM158.8 mil supply contract, its largest to date, for Johor data centre

Thailand’s inflation accelerated for a second straight month in September, moving closer to the central bank’s upper limit as severe flooding adds to the risk of higher food prices.

Thai inflation accelerates again with floods adding price risk

Billionaire Ray Dalio warned that the Treasury market is vulnerable to a pullback of demand from China and Japan, two of the US’s largest foreign creditors, highlighting a potential pain point for a sector that has endured wild swings this year.

Ray Dalio warns China, Japan may pull back from US Treasuries

Japan’s 10-year government bond auction Tuesday saw stronger demand than the 12-month average as elevated yields underpinned buying.

Japan’s 10-year bond sale draws solid demand as yields top 3%

Japan-based V3D Asia Ltd and Sunway University have signed a memorandum of understanding (MOU) to collaborate on 3D construction printing (3DCP), including the placement of a V3D construction printer on the university’s campus for students and researchers to gain hands-on experience with the technology.

V3D Asia, Sunway University collaborate on 3D construction printing

(Oct 5): US Vice President JD Vance said on Monday that a long-planned liquefied natural gas (LNG) pipeline in Alaska was going to happen, but there were still some details that needed to be worked out with South Korea.

Vance says details of proposed Alaska LNG pipeline need to be worked out

Moonshot AI has closed the final round of private fundraising at a valuation of about US$50 billion (RM204 billion) and is heading towards an initial public offering (IPO) in Hong Kong in the first quarter of next year, according to people familiar with the matter.

Moonshot said to eye early 2027 IPO after value hits US$50 bil — Bloomberg

KUALA LUMPUR (Oct 6): A total of 10,000 Myanmar detainees have been repatriated to their home country since January this year via air and sea routes, said Prime Minister Datuk Seri Anwar Ibrahim.

PM: 10,000 Myanmar detainees repatriated since January 2026

HONG KONG/NEW YORK (Oct 2): Global hedge funds delivered mixed results in September after surging bond yields, higher oil prices and swings in AI shares drove selling, while quant strategies posted gains, according to prime brokerage notes and investors.

Hedge funds deliver mixed September results on AI swings

KUALA LUMPUR (Oct 6): Construction firm service SLGC Bhd (KL:SLG) said on Tuesday that it has undertaken value-engineering measures to cushion the impact of rising construction material costs amid geopolitical tensions.

SLGC mitigates rising construction costs through value-engineering

BENGALURU/SINGAPORE (Oct 6): Oil prices made slight gains on Tuesday as security concerns in the Middle East kept a geopolitical risk premium in the market, even as resilient regional crude exports and a G7 emergency stockpile release eased supply concerns.

Oil gains as traders weigh Gulf tensions against strong Mideast exports

<p>Zetrix AI Bhd (KL:ZETRIX) faces uncertainty over its revenue collection business after the Ministry of Transport (MOT) suspended its services as a collection agent for the Road Transport Department (JPJ) over unremitted government funds totalling RM314 million.</p>


Zetrix AI's business continuity uncertain after JPJ suspension — MBSB Research

<p>KUALA LUMPUR (Oct 6): Seven years after Malaysians were made aware of the problems confronting the Federal Land Development Authority (Felda), the institution is once again at a crossroads.</p>


Felda’s road ahead in the spotlight

<p>Here's a heads up on what to look out for today.</p>


YOUR DAY AHEAD: Oct 6, 2026 

<p>KUALA LUMPUR (Oct 6): SLGC Bhd (KL:SLG) opened flat before dipping on the construction firm’s first day of listing on the ACE Market.</p>


Construction firm SLGC opens flat then dips in ACE Market debut

<p>The World Bank has raised Malaysia’s 2026 growth outlook to 5.1%, from 4.4% previously, driven by the surge in global artificial intelligence (AI)-related spending.</p>


World Bank lifts Malaysia’s growth outlook to 5.1% on AI-driven export growth

<p>KUALA LUMPUR (Oct 6): Rapidus Corporation has roped in Malaysian firms — GreatAsic Technology Sdn Bhd, Infinecs Systems Sdn Bhd, Oppstar Bhd's (KL:OPPSTAR) Oppstar Technology Sdn Bhd&nbsp;and SkyeChip Bhd (KL:SKYECHIP) — as design solution associates to support the development of its global chip ecosystem framework.</p>


Rapidus taps four Malaysian firms as design solution associates for CORE ecosystem

<p>SYDNEY (Oct 6): Asian stocks rose on Tuesday after a tech-fuelled rally lifted the Nasdaq to a record close, with a retreat in oil prices offering further support even as longer-dated Treasury yields hovered near multi-decade highs.</p>


Asian shares track Wall Street higher, Treasury yields near multi-decade highs

<p>BENGALURU/SINGAPORE (Oct 6): Oil prices made slight gains on Tuesday as security concerns in the Middle East kept a geopolitical risk premium in the market, even as resilient regional crude exports and a G7 emergency stockpile release eased supply concerns.</p>


<p>KUALA LUMPUR (Oct 6): Five of the nine technology drivers identified under the National Technology Sovereignty Framework (NTSF) have been deemed critical to national sovereignty and possess strong commercial potential.</p>


Mosti: Five technology drivers identified as critical to Malaysia's sovereignty

<p>BENGALURU (Oct 5): Data centre operator DayOne Data Centers filed for an initial public offering (IPO) in the United States on Monday, testing investor appetite for data-centre listings amid challenging market conditions.</p>


Data centre operator DayOne reveals revenue surge in US IPO filing

<p>Billionaire Ray Dalio warned that the Treasury market is vulnerable to a pullback of demand from China and Japan, two of the US’s largest foreign creditors, highlighting a potential pain point for a sector that has endured wild swings this year.</p>


<p>KUALA LUMPUR (Oct 6): Malaysian banks are working towards introducing fraud alert capabilities that can flag potential risks before a transaction is completed.</p>


BNM: Banks working towards fraud alert before transaction is completed

<p>A rally in giant technology companies drove stocks higher, overshadowing concerns about still-elevated oil prices and bond yields.&nbsp;The S&amp;P 500 rose to a striking distance of a record while the Nasdaq 100 reached a fresh peak. Political upheaval in Europe and fiscal worries drove the euro to its weakest since May 202</p>


S&P 500 closes in on record high as tech rallies

<p>Outstanding repayments for loans issued by the National Higher Education Fund Corporation (PTPTN), the country's main tertiary education loan provider, stood at RM10.7 billion as at Aug 31.</p>


PTPTN loan arrears hit RM10.7b as at Aug 31 — minister

<p>Mi Material Holding Ltd&nbsp;has filed its draft prospectus for an SGX Mainboard listing.</p>


Mi Material files draft prospectus for SGX Mainboard listing

<p>KUALA LUMPUR (Oct 6): Longer-term financing secured much earlier is now providing Axis REIT (KL:AXREIT) cushion against rising interest rates as the real estate investment trust pursues deals, an analyst said.</p>


Axis REIT ‘well positioned’ against rate risks amid RM250 mil deal pipeline — analyst

<p>KUALA LUMPUR (Oct 6): Construction firm service SLGC Bhd (KL:SLG) said on Tuesday that it has undertaken value-engineering measures to cushion the impact of rising construction material costs amid geopolitical tensions.</p>


<p>KUALA LUMPUR (Oct 6): Alliance Bank Malaysia Bhd (KL:ABMB) said financing for micro, small and medium enterprises (MSMEs) is central to the country's economic growth, as the bank held the third edition of its BizSmart Business Conference on Tuesday.&nbsp;</p>


Alliance Bank spotlights Malaysian MSMEs at BizSmart conference

<p>Elon Musk is a trillionaire again.&nbsp;</p>


Musk is a trillionaire again as SpaceX claws back post-IPO slump

<p>BENGALURU (Oct 6): New World Development launched a debt exchange offer on Tuesday that would allow bondholders to swap some notes due in 2027 and 2028 for new secured debt maturing in 2032, as the Hong Kong property developer seeks to ease near-term repayment pressure and strengthen liquidity.</p>
