<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 7): MN Holdings Bhd (KL:<a href="/askedge/klse/0245" class="ce-stock" target="_blank">MNHLDG</a>) said its subsidiary and an engineering firm have jointly secured a RM67.32 million contract from Tenaga Nasional Bhd (KL:<a href="/askedge/klse/5347" class="ce-stock" target="_blank">TENAGA</a>) to install an underground cable for bulk power supply to Intel Penang.</p></div>

<div class=newsTextDataWrapInner><p>The wholly-owned subsidiary, MN Utilities Engineering Sdn Bhd, and Pembinaan Tajri Sdn Bhd will undertake the 275-kilovolt cable&nbsp;installation works through an 80:20 joint venture, said MN Holdings in a bourse filing on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Pembinaan Tajri, which was established in 1983, is involved in building and infrastructure works, according to the firm’s website.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MN Holdings said the underground cable&nbsp;job scope includes engineering, design, supply and erection works for the new underground cable, as well as associated civil works. The works are to be completed within 540 days.</p></div>

<div class=newsTextDataWrapInner><p>The group said the contract is expected to contribute positively to its future earnings and net assets upon commencement of the contract.</p></div>

<div class=newsTextDataWrapInner><p>MN Holdings’ share price closed unchanged at RM3.65 on Monday, giving the group a market capitalisation of RM2.48 billion. Year to date, the stock has more than doubled from RM1.65.</p></div>


MN Holdings Bhd (KL:MNHLDG) said its subsidiary and an engineering firm have jointly secured a RM67.32 million contract from Tenaga Nasional Bhd (KL:TENAGA) to install an underground cable for bulk power supply to Intel Penang.

MN Holdings JV bags RM67 mil TNB contract for cable works in Penang

The mechanism for allocating parliamentary constituency funds and the influx of foreign nationals were among the issues raised during the policy-stage debate on the Supply Bill on Monday.

MP allocations, foreign nationals among key issues in 2027 budget debate

Malaysian entrepreneurs must overcome an inherent tendency toward excessive humility and actively build strong storytelling capabilities if they want to secure international venture capital, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Amir Hamzah urges Malaysian entrepreneurs to ditch excessive humility

Tesla filed its proxy statement with the US Securities and Exchange Commission on Monday asking shareholders to re-elect CEO Elon Musk, chair Robyn Denholm and director JB Straubel to three-year terms at its Dec 3 annual meeting.

Tesla asks shareholders to re-elect Musk, Denholm and Straubel at December annual meeting

Mukesh Ambani's US$3.2 billion (RM13.1 billion) Jio Platforms IPO has drawn bids of about US$25 billion from institutions including GIC, BlackRock and Fidelity, totaling almost 30 times the quota reserved for anchor investors, two people familiar with the matter said.

India's Jio draws about US$25b in IPO anchor investor bids — Reuters

WASHINGTON (Oct 19): US President Donald Trump said on Monday that his administration would begin renovation work immediately on a historic Washington golf course that a federal judge had ordered could not proceed without prior court notification.

The renovation work, which Trump a day ...

Trump says Washington golf course project to start immediately, despite judge's order

MMAG Holdings Bhd (KL:MMAG) is disposing of a Boeing 737-400SF cargo aircraft for US$2.8 million (RM11.43 million) as the group seeks to reduce costs amid rising fuel prices and weaker demand for charter services.

MMAG to sell Boeing freighter for RM11.4 mil, incur RM12.7 mil loss

The softer-than-expected inflation increase in September reinforced economists' expectations that Bank Negara Malaysia (BNM) will keep interest rates unchanged next month.

Softer September inflation supports OPR hold, but economists split on hike timing

Toyo Ventures Holdings Bhd (KL:TOYOVEN) has received an offer from its largest shareholder to take the ink manufacturer private at 28 sen per share.

Toyo Ventures’ largest shareholder offers to take it private at 28 sen per share

Indonesia will remove stocks with concentrated ownership from its benchmark equities index, the latest effort to avert a possible downgrade of its market status by MSCI Inc.

Indonesia to exclude tightly owned stocks from benchmark index

Malaysia’s export growth is expected to taper off in the fourth quarter this year as favourable base effects fade while renewed trade tensions are expected to weigh on trade momentum, said economists.

Economists expect Malaysia’s export growth to taper off in 4Q as base effects fade, trade tensions mount 

<p>KUALA LUMPUR (Oct 19): Zetrix AI Bhd (KL:ZETRIX) said on Monday that it is withdrawing a planned dividend payment declared two months ago to conserve cash.</p>


Zetrix AI rescinds dividend plan to conserve cash

<p>One-way fares for the East Coast Rail Link (ECRL) between Gombak and Kota Bharu will start at RM125 for Transit services and RM147 for Express services when commercial operations begin in mid-December.</p>


ECRL Gombak-Kota Bharu fares start at RM125

<p>Public Bank Bhd (KL:PBBANK) may unlock an unrealised gain of RM521 million if Japan's&nbsp;MS&amp;AD Insurance Group Holdings Inc acquires its 44.15% controlling stake in LPI Capital Bhd (KL:LPI), said CIMB Securities.</p>


CIMB Securities: Public Bank could earn RM521m if MS&AD acquires LPI Capital stake

<p>KUALA LUMPUR (Oct 19): MS&amp;AD Insurance Group Holdings Inc is exploring a takeover of Malaysian insurer LPI Capital Bhd (KL:LPI) for growth overseas, <em>Bloomberg</em> reported.</p>


Japan’s MS&AD said to consider deal for Malaysia’s LPI Capital — Bloomberg

<p>FIXED-income funds, particularly those managed by subsidiaries of Amanah Raya Bhd, may bear the brunt of the meltdown in Zetrix AI Bhd’s&nbsp;(KL:ZETRIX) shares.</p>

<p>Zetrix AI, which has lost a market capitalisation of RM5 billion in the last one month as the shares of its major shareholder...

Funds under AmanahRaya Investment Management may bear brunt of Zetrix meltdown

<p>Barisan Nasional (BN) chairman Datuk Seri Dr Ahmad Zahid Hamidi has advised the coalition’s 18 Negeri Sembilan state assemblymen to stay out of matters involving customary law and the royal institution, and instead focus on the people’s welfare and fulfilling their mandate.</p>


Zahid tells BN reps in Negeri Sembilan to stay out of matters involving customary law, royal institution

<p>The forced selling of its founder’s shares has dragged Zetrix AI Bhd’s (KL:ZETRIX) share price down to 5.5 sen from 66 sen two months ago. It has also put the company in a potential breach of its RM2 billion sukuk covenant.</p>

<p>The Islamic debt papers require Wong Thean Soon — better known ...

Frankly Speaking: Zetrix’s increasingly vulnerable position

<p>The Negeri Sembilan Dewan Keadilan dan Undang (DKU) and its secretary last Friday (Oct 16) filed an application at the Seremban High Court, seeking permission to initiate contempt proceedings against Menteri Besar Datuk Ismail Lasim, its 10 former executive council (exco) members, and six others.</p>


DKU and its secretary seek permission to initiate contempt against Negeri Sembilan MB and 16 others

<p>American private equity firm KKR is planning to invest some RM2.6 billion in PETRONAS’ renewable energy subsidiary in India, <em>The</em> <em>Economic Times </em>reported on Monday.</p>


KKR to invest some RM2.6 bil in PETRONAS’ renewable energy venture in India

<p>TWO private companies tasked with providing services on behalf of the government are now under scrutiny over the handling of funds collected from the public.</p>

<p>In one case, Zetrix AI Bhd (KL:ZETRIX) and its unit MyEG Sdn Bhd were suspended as collection agents for the Road Transport Depar...

Third-party handling of public funds in the spotlight

<p>Digital Nasional Bhd, which deploys Malaysia’s 5G network infrastructure, no longer requires any support from the government, Communications Minister Datuk Seri Fahmi Fadzil said.</p>


Digital Nasional no longer needs state support, govt exposure reduced to nil — Fahmi

<p>The government continues to shoulder debt obligations inherited from previous administrations, including liabilities linked to 1Malaysia Development Bhd (1MDB), while working to reduce its reliance on new borrowing, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


Anwar: Govt continues servicing legacy debt including 1MDB's, seeks to reduce new borrowing

<p>KUALA LUMPUR (Oct 19): The recent tech sector pullback has created an "attractive accumulation opportunity", BIMB Securities said in its latest sector note, on favourable structural growth outlook including in the advanced packaging segment.&nbsp;</p>


Tech sector pullback a window for accumulation, says BIMB Securities

<p>European stocks and the euro fell on Monday as unrest in France added to concerns about the country's fiscal outlook, while Wall Street futures rebounded from last week's tech-led sell-off ahead of a big week of earnings from artificial intelligence (AI)&nbsp;heavyweights.</p>


France concerns weigh on Europe as Wall St looks to AI earnings

<p>Malaysian exports rose to its highest in five years in September as electronics shipments expanded sharply while orders from key markets like the US and China soared.</p>


Malaysia’s exports hit five-year high in September as electronics shipments jump

<p>After more than half a century of political procrastination, environmental protests and funding shortfalls, Sydney finally has a second airport. But the new A$5.6 billion (US$4 billion or RM15.9 billion) site’s commercial prospects are already in question.</p>


Sydney’s new US$4 bil airport opens with barely any flights

<div class="embed-right imgw-300"><img alt="" src="https://myassets.theedgemalaysia.com/pics/2026/The_State_of_the_Nation_Economic_Report_1648_Belanjawan_2027_logo_20261016222122_7x4aq1.jpg" /></div>

<p>The Malaysian economy is largely sheltered because of huge subsidies. The direct effect is the...

Alternative Views: Paying the price of having a sheltered economy

<p>A budget should be judged by both the relief it provides today and the productive capability it builds for tomorrow.</p>


Tong's Portfolio - Budget 2027: More to spend, less to build?

<p>South Korea’s main pension fund took a 182 trillion won (US$137 billion or RM558 billion) hit after a decline in stakes of equities including Samsung Electronics Co&nbsp;and SK Hynix Inc.</p>


Samsung, SK Hynix slide causes US$137 bil South Korean pension hit

<p>The police have recorded statements from 15 individuals to assist in investigations into allegations of failure to transfer RM230.9 million in government revenue, involving MyEG Sdn Bhd (MyEG) and Zetrix AI Berhad.<br />
&nbsp;</p>
