<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 10): Paragon Globe Bhd (KL:<a href="/askedge/klse/3611" class="ce-stock" target="_blank">PGLOBE</a>) said on Thursday it has secured a contract worth RM45.16 million to undertake earthworks and retaining walls for a data centre development in Johor.</p></div>

<div class=newsTextDataWrapInner><p>In its bourse filing on Thursday, the Johor-based property developer said the contract was awaded by a data centre operator but did not name the firm. &nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The works, to be carried out by its wholly-owned unit PGBG Construction Sdn Bhd, are targeted for completion by the fourth quarter of 2026, said Paragon Globe.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The company said the contract is expected to contribute positively to its earnings and net assets over the duration of the works, assuming that there are no material delays.</p></div>

<div class=newsTextDataWrapInner><p>“The works will not have any effect on the share capital or substantial shareholders' shareholding of the company,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Paragon Globe shares closed unchanged at 73.5 sen on Thursday, giving the company a market capitalisation of RM548.8 million.</p></div>


Paragon Globe Bhd (KL:PGLOBE) said on Thursday it has secured a contract worth RM45.16 million to undertake earthworks and retaining walls for a data centre development in Johor.

Paragon Globe secures RM45 mil contract for Johor data centre development

The government is developing a sovereign artificial intelligence (AI) cloud to ensure the country’s classified information remains secure and beyond the reach of foreign laws and policies, said Communications Minister Datuk Seri Fahmi Fadzil.

Sovereign AI cloud crucial to protecting country's digital sovereignty — Fahmi

Discussions on the list of Pakatan Harapan (PH) candidates for the Melaka state election are over 95% complete, said PH Communications director Datuk Seri Fahmi Fadzil.

Fahmi, who is also Communications Minister, said PH has scheduled its candidate announcement for Oct 24, with the venue to be confirmed later.

Melaka polls: PH candidate list discussions more than 95% complete — Fahmi

Chinese automakers looking to expand production capacity in Europe have ruled out Italy because of a lack of suitable factories, Italian industry minister Adolfo Urso said on Wednesday.

Chinese producers are looking to establish manufacturing plants inside the European Union as Brussels works on rules that will set minimum local content limits for electric vehicles sold in the bloc.

No auto plants available in Italy for Chinese purchase, Italian minister says

A total of 27 data centre projects with an estimated investment of RM225.97 billion have been approved under the data centre task force (DCTF) up to July 2026, according to the Digital Ministry.

Twenty-seven data centre projects worth RM226b greenlit by task force — Digital Ministry

Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday:

EcoSys, Gamuda, Epicon, AWC, JAG, Genting, Infomina, Bus Cap, IHH Healthcare

EcoSys (Malaysia) Bhd's (KL:ECOSYS)  shares almost tripled in value on its first day of listing on the ACE Market amid strong demand for a piece of the semiconductor services firm.

EcoSys shares almost triple in value on ACE Market debut

Wall Street's main indices edged lower on Wednesday after a hotter-than-expected inflation report boosted bets of an interest rate hike this month, while investors parsed more big bank earnings.

Wall Street slides as hot CPI data fuels rate-hike bets; chips, banks weigh

Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.

US yields jump as hot consumer inflation boosts rate hike bets

Lembaga Tabung Haji is proposing amendments to the Tabung Haji Act 1995 to bar active politicians from its board.

Tabung Haji mulls legislative changes to ban politicians from board     

A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.

Sabah MP urges govt intervention over AirAsia woes just days after fellow MP warned Putrajaya against bailouts

<p>Paper losses on Bank of America Corp’s bond portfolio rose past US$100 billion (RM408.2 billion), bringing the spotlight back on a pain point that was at the heart of the 2023 regional-banking crisis.</p>


BofA’s bond portfolio surpasses US$100 bil in paper losses

<p>A week after a fellow backbender urged the federal government to reject any airline bailout requests, Putatan MP Datuk Shahelmey Yahya called on Putrajaya to step in to help address AirAsia Group Bhd's (KL:AAGB) financial woes.</p>


<p>Genting Bhd (KL: GENTING) has earmarked RM280 million from its proposed RM1.25 billion rights issue to pay interest and other financing costs.</p>


In a response to Bursa query, Genting says will use RM280m from working capital portion of rights issue for interest costs

<p>The Malaysian Anti-Corruption Commission (MACC) on Wednesday summoned Datuk Seri Nazir Hussin Akhtar Husin, his wife and an aide to its headquarters here to assist in an investigation into alleged misappropriation and abuse of position involving an investment deal worth about RM10 million.</p>


MACC summons Nazir Hussin, wife, aide over RM10 million investment deal

<p>More than a dozen US companies are exploring opportunities in Malaysia’s rare earths sector, including mining projects with local partners and processing facilities, according to the US Embassy in Kuala Lumpur.</p>


More than a dozen US firms explore rare earths opportunities in Malaysia — US embassy

<p>The Malay Rulers have urged outsiders not to interfere in or politicise the dispute over the Negeri Sembilan throne, calling for the matter to be resolved by the relevant authorities through proper legal and customary channels.</p>

<p>In a statement issued on Wednesday by Keeper of the Rulers' Seal Tan Sri Syed Danial Syed Ahmad on behalf of the Malay Rulers, all parties involved were urged to exercise wisdom, patience and respect for adab, adat and the dignity of the royal institution.</p>


Malay rulers urge outsiders not to politicise Negeri Sembilan throne dispute

<p>Former prime minister Datuk Seri Najib Razak intends to challenge the High Court’s decision on Wednesday, which had rejected his application to stay the 15-year prison sentence for his 1Malaysia Development Bhd (1MDB) conviction. The application to challenge this decision will be filed at the Court of Appeal, his lawyer said.</p>


Najib to challenge rejection of stay bid at Court of Appeal

<p>Former energy minister Yeo Bee Yin has sought government clarification on a reported increase in effective grid access charges under the Corporate Renewable Energy Supply Scheme (CRESS) and warned that reversing last month’s announcement would undermine investor confidence.</p>


Former energy minister seeks answer on reported CRESS charge reversal, warns of investor fallout

<p>Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday:</p>


<p>Bus Cap Bhd’s (KL:BUSCAP) share price jumped 22.61% on Wednesday, triggering an unusual market activity (UMA) query from Bursa Malaysia Securities.</p>


Bus Cap jumps almost 23%, triggering UMA query

<p>A total of 27 data centre projects with an estimated investment of RM225.97 billion have been approved under the data centre task force (DCTF) up to July 2026, according to the Digital Ministry.</p>


<p>Selangor has attracted more than RM3 billion in potential investments from four foreign companies as the state seeks to strengthen its position as a regional investment and business hub.</p>


Selangor draws over RM3 bil in investment interest from four foreign firms

<p>Malaysia’s retail prices for unsubsidised RON97 and RON95 petrol will drop by five sen per litre, while unsubsidised diesel will drop by 10 sen from Thursday (Oct 15) to Oct 21.</p>


Unsubsidised petrol down five sen, diesel down 10 sen from Oct 15 

<p>Japan will invest up to US$21 billion (RM85.7 billion) in two chip factories in New York state that will be jointly owned by the US government and Japanese interests and operated by GlobalFoundries, the company said on Wednesday.</p>


Japan to invest up to US$21b in two US chip factories to be run by GlobalFoundries

<p>Disputes over royal succession in Negeri Sembilan must be resolved in accordance with adat or customary law and legal provisions, rather than personal interests, Yang Dipertuan Besar Tuanku Muhriz Tuanku Munawir said on Wednesday.</p>

<p>His Royal Highness stressed that the authority of the royal institution must be upheld through integrity, justice and responsibility, warning that actions contrary to established customs could undermine public confidence and threaten the state's stability.</p>


Tuanku Muhriz: Royal succession disputes must follow adat, law

<p>Hibiscus Petroleum Berhad (KL:HIBISCS) is partnering with property developer Seri Pajam Development Sdn Bhd (SPD) to evaluate and develop power plants and energy solutions for data centres and industrial developments across Malaysia.</p>


Hibiscus Petroleum, developer Seri Pajam to develop energy solutions for data centres

<p>AWC Bhd (KL:AWC) said on Wednesday it has secured a RM40 million subcontract for plumbing and sanitary works at a hyperscale data centre in Bandar Spring Hill, Port Dickson, Negeri Sembilan.</p>


AWC bags RM40m subcontract for plumbing, sanitary work at Port Dickson data centre

<p>JAG Bhd (KL:JAG) said it is acquiring a freehold industrial land in Shah Alam for RM36.89 million cash to expand its total waste management business.</p>


JAG acquires industrial land in Shah Alam to expand total waste management business

<p>Yields on US Treasuries climbed across durations on Wednesday after consumer prices accelerated in September ramping up expectations that the Federal Reserve will have to increase interest rates to try to tame stubborn inflation.</p>


<p>The Malaysian Investment Development Authority (MIDA) has connected 25 Malaysian manufacturing and services companies with TNB Power Generation Sdn Bhd (TNB Genco) and TNB Renewables Sdn Bhd to explore renewable energy (RE) supply-chain opportunities.</p>

<p>In a statement on Wednesday, MIDA said the business-matching sessions were held under its inaugural Renewable Energy Supply Chain Programme at International Greentech &amp; Eco Products Exhibition and Conference Malaysia (IGEM) 2026 in the Kuala Lumpur Convention Centre on Oct 8.</p>
