<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 3): Nestcon Bhd (KL:<a href="/askedge/klse/0235" class="ce-stock" target="_blank">NESTCON</a>) has secured a RM74.52 million contract to build an affordable apartment project in Kwasa Damansara township in Sungai Buloh, Selangor.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Monday, the construction company said its wholly owned Nestcon Builders Sdn Bhd, has accepted a letter of award from Exsim MX4 Sdn Bhd to undertake the project. Exsim MX4 is a subsidiary of property developer Exsim Group.</p></div>

<div class=newsTextDataWrapInner><p>The contract involves the construction of a 28-storey block of affordable apartments at Jalan Tasik Kenyir U4/21A in Kwasa Damansara.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Construction will commence immediately and is expected to be completed within 29 months, by Jan 2, 2029.</p></div>

<div class=newsTextDataWrapInner><p>Nestcon shares closed a sen or 2.11% lower at 46.5 sen on Monday, giving the company a market capitalisation of RM362.2 million.<br />
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Nestcon Bhd (KL:NESTCON) has secured a RM74.52 million contract to build an affordable apartment project in Kwasa Damansara township in Sungai Buloh, Selangor.

Nestcon secures RM74.5 mil affordable housing job from Exsim

Emerging Asian equities hit two-month lows on Tuesday, dragged by a sharp sell-off in South Korean chipmakers amid worries about rising Chinese competition, the durability of the artificial intelligence (AI)-driven semiconductor rally and the impact of high borrowing costs.

Seoul chip rout sends emerging Asian stocks to two-month low

LVMH Moët Hennessy Louis Vuitton SE offered a closer look at the deepening Chinese luxury slump this week, revealing that sales on the mainland dropped by double digits in the third quarter while the traditionally high-spending consumer group also pulled back overseas.

LVMH’s China slump threatens hopes for wider luxury recovery

GDANSK (Oct 13): Franco-Italian automaker Stellantis said on Tuesday that its global third-quarter shipments fell 1% from a year ago to an estimated 1.3 million vehicles, hit by a summer production shutdown in North America.

Stellantis 3Q shipments fall 1%, weighed down by North America production halt

Malaysia continues to enjoy tariff exemptions for its semiconductor exports to the US, said Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani.

Malaysia’s semiconductor exports to US remain exempt from tariffs — Johari Ghani

For Johor-based BCB Bhd (KL:BCB), Johor’s next phase of growth is not about chasing the latest property cycle, but positioning its developments in the state’s evolving economic landscape.

According to executive director Lindy Tan, the developer sees opportunities emerging across differe...

Cover Story: BCB maps its next phase of growth across Johor

LESS than a year after setting its sights on RM100 million in annual revenue, Oasis Home Holding Bhd (KL:OHM) has nearly reached that milestone. Revenue for the financial year ended June 30, 2026 (FY2026) rose 37.1% to RM99.25 million, up from RM72.39 million the previous year.

Net prof...

Oasis Home eyes Malay market, new categories for next leg of growth

KUALA LUMPUR (Oct 13): The rule of law must be upheld consistently, regardless of the political standing or identity of any individual involved, said Umno Information chief Datuk Seri Azalina Othman Said.

Azalina: Prosecutorial independence must not be compromised

All schools in Johor, Melaka, and Negeri Sembilan will be closed on Wednesday, Oct 14, due to the haze situation affecting the country.

Haze: All schools in Johor, Melaka, Negeri Sembilan closed on Wednesday

India’s rupee extended gains as the central bank widened currency curbs to support the rupee, which faces pressure from high oil prices and foreign outflows.

India’s rupee gains most in Asia as RBI widens currency curbs

KUALA LUMPUR (Oct 13): Perikatan Nasional (PN) will continue to be grounded following a court decision on Tuesday, though the coalition has been allowed to challenge the suspension.

High Court keeps Perikatan Nasional suspended for now

<p>KUALA LUMPUR (Oct 13): His Majesty Sultan Ibrahim Sultan Iskandar, King of Malaysia, bought a stake in miner Southern Alliance Mining Ltd for S$6.1 million (US$4.8 million), according to a statement on Tuesday.</p>


Sultan Ibrahim acquires 2.25% in Southern Alliance Mining in S$6.1 mil offmarket deal

<p>Asian stocks slid to a more than two-month low on Tuesday as a sharp sell-off in chipmakers prompted a broader rethink of the AI trade amid heightened competition, driving investors toward the safety of government bonds.</p>


Asian stocks hit two-month low on AI jitters, bonds find favour

<p>KUALA LUMPUR (Oct 13): Genting Bhd (KL:GENTING) may need to sell non-core assets, particularly unused land, to reduce its debt burden and avoid further credit-rating downgrades, according to CreditSights.</p>


Genting may need to sell non-core assets to avert a credit-rating downgrade — CreditSights

<p>A cloud of haze has descended across Southeast Asia over the past few months as a brutal El Niño helps incinerate forest and scrub in Indonesia. Obscuring responsibility for the fires stems from a much deeper and more impenetrable legal pall.</p>


Opinion: Singapore can fix Southeast Asia’s haze, if it wants to

<p>The Malaysian Anti-Corruption Commission (MACC), which received a complaint on MyEG Sdn Bhd and its parent company Zetrix AI Bhd (KL:ZETRIX) last week, said investigations into the two companies are currently being handled by the police.</p>


MACC says police investigating MyEG and Zetrix AI, will act if corruption suspected

<p>Data centre operator DayOne Data Centres Ltd has secured an additional RM15 billion in financing from a consortium of seven banks to fund the expansion of its data centre facilities in Johor, bringing its total financing arrangements to RM30 billion.</p>


DayOne secures additional RM15b financing for Johor data centre expansion

<p>Electrical engineering firm Jati Tinggi Group Bhd (KL:JTGROUP) fell sharply on Tuesday, having more than doubled its value since the year began.</p>


Jati Tinggi flirts with limit-down as shares down 29%

<p>CXMT Corp declared it achieved a breakthrough in chip technology that rivals like Samsung Electronics Co had pursued for years, an unsubstantiated claim that jolted stocks and reflects China’s aggressive push into a critical sphere.</p>


China’s CXMT claims memory breakthrough ahead of Samsung, Hynix

<p>Investors from countries including the US, China and India are interested in a new port project in southern Peru ​estimated to cost around US$844 million (RM3.4 billion), officials said on ‌Monday.</p>


US, Chinese and Indian firms show interest in Peru's US$844m port project

<p>PUTRAJAYA (Oct 13): My Digital ID Sdn Bhd&nbsp;clarified&nbsp;that its digital identity platform is not powered by any third-party blockchain technology as recently published in a media article.&nbsp;</p>


MyDigital ID says not powered by third-party blockchain technology

<p>A global slide in semiconductor stocks deepened, sending South Korea’s chip-heavy equity benchmark down 7% as concerns about AI overheating and Chinese competition intensified.</p>


Chip sell-off triggers 7% Korea rout after CEO’s ‘casino’ warning

<p>A sell-off in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.</p>


Singapore bank sell-off tests city-state’s safe haven status

<p>Putra Heights is about 45km, or a 40-minute drive, from the Sepang International Circuit (SIC). On the day of the Formula One (F1) Bahrain Grand Prix, which ended around 6.20pm last Sunday, my son and daughter got home seven hours later, at 1.30am.</p>

<p>For many local and overseas fans, it w...

My Say: Race over, now comes the business case for F1

<p>The government is considering requiring data centre operators to generate their own electricity as part of a review of the sector’s energy and water consumption, Deputy Energy Transition and Water Transformation Minister Datuk Seri Abdul Rahman Mohamad said.</p>


Deputy minister proposes data centre operators generate their own power as govt reviews energy, water use

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


YOUR DAY AHEAD: Oct 13, 2026 

<p>BANGKOK/WASHINGTON (Oct 13): The International Monetary Fund (IMF) warned on Tuesday against "complacency" in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still-resilient markets.</p>


IMF cites AI slowdown, spiking yields as looming global market risks

<p>KUALA LUMPUR (Oct 13): S P Setia Bhd (KL:SPSETIA) expressed support for the measures announced in Budget 2027, highlighting key initiatives aimed at home ownership, green investments and construction industry resilience</p>


S P Setia supports Budget 2027’s focus on housing, green investment and construction resilience

<p>KUALA LUMPUR (Oct 13): Malaysia's efforts to narrow its fiscal deficit could face challenges from persistently high subsidy costs, particularly if the US-Iran conflict continues to drive up energy prices, according to BMI, a Fitch Solutions company.</p>


BMI sees Budget 2027 subsidy allocations posing risk to Malaysia’s fiscal consolidation

<p>A stronger yuan is among the most underpriced scenarios in the world’s US$9.5 trillion (RM38.8 trillion)-a-day foreign exchange market, according to Goldman Sachs Group Inc’s Kamakshya Trivedi.</p>


Goldman says markets underestimating how far yuan can rise

<p>Big US bank stocks are teetering in correction territory as the group kicks off earnings Tuesday, heightening the focus on executives’ outlook for the American consumer with long-term borrowing costs the highest in decades.</p>
