<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 9): NuEnergy Holdings Bhd (KL:<a href="/askedge/klse/5614" class="ce-stock" target="_blank">NHB</a>) has secured a RM10.1 million contract to build interconnection facilities for a 120-megawatt power plant in Labuan, expanding its presence in high-voltage power infrastructure.</p></div>

<div class=newsTextDataWrapInner><p>The renewable energy group accepted a letter of award (LOA) from KAB Energy Holdings for the Sabah Electricity interconnection facilities and associated infrastructure for the plant, which is owned by Rancha Power. The project is targeted for completion in the third quarter of 2027, NuEnergy said in a bourse filing on Friday.</p></div>

<div class=newsTextDataWrapInner><p>The contract is expected to contribute positively to the group’s earnings, order book, revenue and profitability.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>NuEnergy said the project marks a strategic expansion into the extra high voltage (EHV) and interconnection facility (IF) segment.</p></div>

<div class=newsTextDataWrapInner><p>"Successful execution of the LOA will validate the group's technical capability and execution capacity in delivering complex EHV and IF infrastructure projects. This will position NuEnergy to pursue larger-scale transmission, power infrastructure and other high-voltage projects," it added.</p></div>

<div class=newsTextDataWrapInner><p>NuEnergy shares rose two sen or 1.56% to close at RM1.30 on Friday, valuing the company at RM253.53 million. The stock has gained 109.68% year to date.</p></div>


NuEnergy Holdings Bhd (KL:NHB) has secured a RM10.1 million contract to build interconnection facilities for a 120-megawatt power plant in Labuan, expanding its presence in high-voltage power infrastructure.

NuEnergy wins RM10m Labuan power project contract

Genting Bhd (KL:GENTING) plans to undertake a proposed rights issue to raise about RM1.25 billion to repay borrowings and for working capital.

Genting proposes RM1.25 billion rights issue

The Master Builders Association Malaysia (MBAM) welcomed Budget 2027’s infrastructure and development allocations, but said their success would ultimately depend on timely project delivery, infrastructure quality, sustainable employment and tangible benefits to the rakyat.

MBAM says Budget 2027 success hinges on timely project delivery

Astral Asia Bhd (KL:AASIA) is exploring the sale of 2,433 acres of land at the Kuantan Hi-Tech Park in Pahang to HNG Capital Sdn Bhd for RM233.57 million. HNG Capital was formerly known as Leader Universal Holdings Bhd before the group was taken private by the H’ng family in 2011. The proposed disposal could pave the way for solar farm and green energy development.

Astral Asia explores RM234m Kuantan land sale to HNG Capital

Brothers Datuk Seri Nazir Hussin Akhtar Hussin and Datuk Wira Mubarak Hussain Akhtar Husin have voluntarily gone on garden leave from their executive roles at Avangaad Bhd (KL:AVANGAAD) amid an investigation into their personal business interests.

Brothers Nazir, Mubarak go on garden leave at Avangaad; Nazir also steps aside at Kinergy

Pre-election spending pressures could limit Malaysia’s fiscal consolidation even as the government could afford the additional measures, Moody’s Ratings said on Friday.

Malaysia's pre-election spending pressures could limit fiscal consolidation — Moody’s

Bank Pembangunan Malaysia Bhd (BPMB) will provide RM1 billion in financing to help local micro, small and medium enterprises (MSMEs) explore export markets, said Prime Minister Datuk Seri Anwar Ibrahim.

Budget 2027: RM1b financing to help MSMEs explore export markets

The Nobel Peace Prize was awarded to Navi Pillay for her work as a judge and human rights lawyer, at a time when the committee said international law faces “tremendous pressure” and its institutions are “under attack”.

Nobel Peace Prize goes to international jurist Navi Pillay

IOI Properties Group Bhd (KL:IOIPG) is in talks for a secondary listing on the Singapore Exchange (SGX), says chief executive officer Datuk Lee Yeow Seng to The Edge Singapore.

IOI Properties in talks for secondary listing on SGX, says CEO

A matching grant of up to RM5,000 will be offered to micro, small and medium enterprises (MSMEs) seeking halal certification for the first time.

Up to RM5,000 matching grants to help MSMEs get halal status

The government and e-hailing company Grab will jointly fund a RM160 million package next year to boost gig workers’ net income and improve their welfare, said Prime Minister Datuk Seri Anwar Ibrahim.

Budget 2027: Govt, Grab to jointly fund RM160m package to boost gig workers’ income

<p>Follow our live coverage of Budget 2027 as Prime Minister Datuk Seri Anwar Ibrahim tables it.</p>


Highlights of Budget 2027

<p>The government on Thursday has announced key individual tax reforms aimed at reducing the cost of living for the middle 40% of earners (M40).&nbsp;</p>


Income tax relief level raised to RM12,000, tax rate cuts to put RM1,600 into pockets of people 

<p>KUALA LUMPUR (Oct 8): Klang member of Parliament (MP) V Ganabatirau has filed a defamation suit at the High Court here against independent preacher and activist Firdaus Wong over social media postings questioning the lawmaker's loyalty to the country.</p>


Klang MP Ganabatirau sues Firdaus Wong over social media posts questioning his loyalty to Malaysia

<p>KUALA LUMPUR (Oct 9): A former company director of a property development company has been charged with criminal breach of trust (CBT) for transferring RM100,000 of company funds to himself for a non-existent "director fee".</p>


Former property development company director charged with CBT for transferring RM100k to himself for non-existing 'director fee'

<p>首相拿督斯里安华提呈2027年财政预算案重点摘要：</p>


2027年财政预算案重点摘要

<p>KUALA LUMPUR (Oct 9): Dagang NeXchange Bhd (KL:DNEX) could see renewed investor interest after settling its long-running legal dispute over semiconductor subsidiary SilTerra Malaysia Sdn Bhd, removing a major uncertainty that has weighed on the stock, according to TA Securities.</p>


DNeX's SilTerra legal settlement clears path for growth, says TA Securities

<p>Oriental Kopi Holdings Bhd (KL:KOPI) could see its share price rise by more than 50%, according to CGS International Securities (CGSI), which expects the cafe operator's expansion and growing packaged food business to drive stronger earnings over the next few years.</p>


CGSI sees over 50% upside for Oriental Kopi on expansion, earnings growth

<p>Malaysia is expected to spend 82% of its forecasted record RM459.84 billion budget on operating expenditure (opex) in 2027, leaving RM83 billion, or 18%, for development expenditure (devex).</p>


Budget 2027 expected to hit record RM459.84b, 82% for operating expenditure

<p>Malaysia will raise the minimum wage to RM2,000 per month in June 2027, from RM1,700 currently.</p>


Minimum wage goes up to RM2,000 from June 2027, MSMEs with below RM50m revenue exempted

<p>Malaysia is proposing a full stamp duty exemption on loan agreements and instruments of transfer for the purchase of first&nbsp;homes priced up to RM500,000.</p>


Govt proposes full stamp duty exemption for first homes priced up to RM500,000

<p>Unisem (M) Bhd (KL:UNISEM) and its subsidiary plans to invest RM396 million to expand its semiconductor manufacturing plant in Gopeng, Perak, as the group seeks to capture growing demand for advanced chip packaging used in artificial intelligence (AI) and data centres..</p>


Unisem plans RM396 mil second phase of Gopeng plant expansion

<p>Despite raising the minimum wage and the economy's recovery since the pandemic, wage progression remains weak beyond the minimum wage floor, according to the Economic Outlook 2027 report.<br />
&nbsp;</p>


Minimum wage lifts the floor, but Malaysia's 'missing middle' remains

<p>The worsening haze in Malaysia could disrupt manufacturing operations, affect worker attendance and drive up business costs, according to the Federation of Malaysian Manufacturing (FMM).</p>


Haze threatens manufacturing productivity, raises business costs — FMM

<p>PMB Technology Bhd (KL:PMBTECH), a 58.78%-owned subsidiary of Press Metal Aluminium Holdings Bhd (KL:PMETAL), plans to invest RM650 million to build a silicon-aluminium (Si-Al) alloy plant in Sarawak as the group seeks to diversify away from a struggling silicon metal business.</p>


PMB Technology plans RM650 mil silicon-aluminium alloy plant in Sarawak

<p>KUALA LUMPUR (Oct 9): Malaysia's fiscal deficit is projected to narrow to 3.3% of gross domestic product (GDP) in 2027, even as the actual shortfall remains elevated at RM77.5 billion.</p>


Malaysia's fiscal deficit to narrow to 3.3% in 2027, but shortfall remains above RM77 bil

<p>Singapore’s Formula 1 race will go ahead this weekend despite haze from Indonesian wildfires that has choked the city for weeks, pushing it to the top of the global rankings for air pollution.<br />
&nbsp;</p>


F1 says Singapore race will go ahead despite Indonesia haze

<p>The government has introduced a range of new incentives and high-value investments to drive energy transition and energy efficiency under Budget 2027, tabled in the Dewan Rakyat on Friday.</p>


Govt unveils incentives, investments for energy transition

<p>The federal government expects the dividend from Petroliam Nasional Bhd (PETRONAS) to rise to RM32 billion in 2027, according to the Finance Ministry's Fiscal Outlook and Federal Government Revenue Estimates Report.</p>


RM32 bil PETRONAS dividend expected in 2027, matching 2024, 2025 payouts

<p>The Securities Commission Malaysia (SC) on Thursday charged a former unit trust consultant and Private Retirement Scheme (PRS) consultant at the Ipoh Magistrate’s Court for offences relating to unlicensed capital market activities.</p>


Former unit trust, PRS consultant charged with dealing in securities without licence

<p>BENGALURU (Oct 8): OpenAI has told investors its annualised revenue for September was almost US$50 billion, a drop from what it signaled earlier, a person familiar with the matter told <em>Reuters</em> on Thursday.</p>
