<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 19): Jati Tinggi Group Bhd (KL:<a href="/askedge/klse/0292" class="ce-stock" target="_blank">JTGROUP</a>) said the electrical engineering group has secured a RM30.1 million contract to build power infrastructure for a data centre in Kulai, Johor.</p></div>

<div class=newsTextDataWrapInner><p>The contract, awarded to its wholly-owned subsidiary Jati Tinggi Holding Sdn Bhd, involves the construction of two circuits of 275kV underground cable ducting works and 11kV temporary power cable works, including engineering, procurement, construction and commissioning.</p></div>

<div class=newsTextDataWrapInner><p>Jati Tinggi did not name the customer in its filing with Bursa Malaysia on Monday, saying only that it is a Malaysian company involved in providing infrastructure for hosting, data processing services and related activities.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract runs until July 25, 2027, and is expected to contribute positively to the group’s earnings and net assets per share, Jati Tinggi said.</p></div>

<div class=newsTextDataWrapInner><p>Earlier this month, the group secured two contracts from Tenaga Nasional Bhd (KL:<a href="/askedge/klse/5347" class="ce-stock" target="_blank">TENAGA</a>) worth a combined RM15.7 million for underground cable works in Selangor and a submarine power cable monitoring system in Perlis.</p></div>

<div class=newsTextDataWrapInner><p>Jati Tinggi’s share price closed one sen or 0.84% higher at RM1.20 on Monday, giving the group a market capitalisation of RM531.51 million.</p></div>


Jati Tinggi Group Bhd (KL:JTGROUP) said the electrical engineering group has secured a RM30.1 million contract to build power infrastructure for a data centre in Kulai, Johor.

Jati Tinggi bags RM30 mil data centre power job in Johor

Amazon.com is introducing a new tool that allows its custom AI chips to run code written in the most popular AI coding language without modification, seeking to erode the advantage that underpins Nvidia's dominance in the AI computing market.

Amazon says its AI chips will work with popular coding language, challenging Nvidia

Former Taghill Holdings Bhd (KL:TAGHILL) chief executive officer and executive director Ng Wai Hoe has ceased to be a substantial shareholder in the construction outfit after disposing of 30 million shares.

Taghill’s former CEO Ng Wai Hoe ceases to be substantial shareholder 

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

Zetrix AI, Toyo Ventures, Mi Technovation, IHH Healthcare, Duopharma, LYC Healthcare, KIP REIT, GDB, MMAG, Jati Tinggi, Cosmos Technology, Eonmetall

The government is refining proposals to improve the national haze action plan, particularly regarding school closure directives and the Ministry of Education's (MOE) early preparations to ensure learning can continue if schools are forced to close.

Putrajaya fine-tuning national haze action plan, says PM

Nearly RM11 billion in Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (Sara) assistance had been disbursed to eligible recipients as of September 2026, according to the Ministry of Finance (MOF).

MOF: Nearly RM11b in STR, Sara aid disbursed as of September 2026 

Lumut Naval Shipyard Sdn Bhd (Lunas) remains committed to delivering the first littoral combat ship (LCS1) to the Royal Malaysian Navy (RMN), with the target for physical delivery revised to April 2027.

Lunas ready to hand over LCS1, targets physical delivery in 2027

The US Homeland Security Department is ordering the removal of DeepSeek products and third-party services using the Chinese AI model from US civilian agency IT systems, according to a notice published Monday.

US banning Chinese AI DeepSeek from govt agency IT systems

The benchmark S&P 500 and the Nasdaq Composite gained on Monday, as AI-related stocks rebounded from last week's sharp sell-off, with easing oil prices providing additional support ahead of key earnings reports this week.

S&P 500, Nasdaq climb as AI-linked stocks recover ahead of earnings

White House National Economic Council director Kevin Hassett said prices have been falling for items such as beef and eggs, though consumer price data for September shows overall inflation continues to need policy attention.

Hassett says CPI data shows inflation needs ‘some work’

Confidence among US homebuilders this month slumped to a 14-year low as mortgage rates above 7%, labour shortages and elevated supply costs batter the housing market.

US homebuilder sentiment drops to 14-year low on depressed sales

<p>The Ministry of Finance (MOF) said on Monday that the government has not made any commitment to provide financial support to AirAsia Group Bhd (KL:AAGB), whether through guarantees, loans or public fund injections.</p>


Govt has made no commitment to financial support for AirAsia, says MOF

<p>The Melaka High Court has found Umno Youth chief Datuk Dr Muhammad Akmal Salleh to have defamed DAP leader Teresa Kok over their halal certification row.</p>


Umno Youth chief Akmal Salleh found to have defamed Teresa Kok, ordered to pay RM250k

<p>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.</p>


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

<p>Zetrix AI Bhd (KL:ZETRIX) managing director Wong Thean Soon has sold another 600,000 shares, reducing his stake to 1.887% and further complicating the group’s efforts to remedy a breach of its RM2 billion sukuk covenant, which requires him to remain its largest shareholder, by the Oct 22 deadline.</p>


Zetrix AI's TS Wong sells more shares as Oct 22 sukuk covenant deadline looms

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:<br />
&nbsp;</p>


<p>The Court of Appeal on Monday set aside a 2022 High Court judgment ordering&nbsp;fugitive financier Low Taek Jho, better known as Jho Low, and his father to pay US$3.7 billion to 1Malaysia Development Bhd (1MDB) and its four subsidiaries, and allowed the companies&nbsp;a fresh trial in a bid to get more compensation from the duo.</p>


Court of Appeal allows 1MDB, 4 units new trial in bid to get more than US$3.7b from Jho Low, dad

<p>IHH Healthcare Bhd (KL:IHH) is acquiring Afiniti Wellness in Medini, Iskandar Puteri, Johor, as part of plans to expand Gleneagles Hospital Johor into an integrated healthcare campus spanning approximately 18 acres.</p>


IHH Healthcare to acquire Afiniti Wellness for Gleneagles Hospital Johor expansion

<p>JPMorgan Chase &amp; Co’s asset management arm and Alibaba Group Holding Ltd are set to be among cornerstone investors in printed circuit board maker Suzhou Dongshan Precision Manufacturing Co’s upcoming Hong Kong listing, according to people familiar with the matter.<br />
&nbsp;</p>


JPMorgan and Alibaba are said among investors in Dongshan’s listing — Bloomberg

<p>Tech billionaire Elon Musk said on Monday that he would give every child in the United States a share in his SpaceX rocket company.</p>


Musk says will give SpaceX share to 'every kid in America'

<p>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.</p>


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

<p>KUALA LUMPUR (Oct 19): Singapore will use “every legal and regulatory lever” against companies responsible for the haze choking the region, the <i>Business Times</i> reported, citing Senior Minister K Shanmugam.</p>

<p>Government agencies are considering legal, regulatory and economic measures...

Singapore vows to hunt haze-linked firms playing ‘hide-and-seek’ — report

<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Monday.</p>


FBM KLCI down 0.75% to 1,595.75 on Oct 19, 2026

<p>A by-election candidate who sought to wind up Reform UK lost his case and was ordered by an insolvency judge to pay £37,000 (RM201,309) of the party’s legal expenses.<br />
&nbsp;</p>


Farage challenger faces £37,000 bill after losing court case

<p>Malaysia recorded a score of 7.57 out of 10 in the <em>Economic Freedom of the World: 2026 Annual Report</em>, marking its strongest performance since the index was introduced in 1970, according to the Center for Market Education (CME).</p>


Malaysia records highest economic freedom score since 1970 — think tank

<p>KIP Real Estate Investment Trust (KL:KIPREIT) reported an 18% rise in net property income in its recently ended quarter thanks to newly acquired assets by the REIT.</p>


KIP REIT reports 18% rise in net property income in 1Q, expects to sustain results

<p>Malaysia aims to equip at least 50% of its 34 expressways with Smart Highway technology to enhance road safety, improve traffic flow and boost transport system efficiency.</p>


Malaysia targeting smart highway tech on 50% of expressways, says works minister  

<p>Malaysia needs to prepare for an ageing society by investing in healthcare, elderly care and technologies that enable older people to live independently, says Kumpulan Wang Persaraan (Diperbadankan) (KWAP) chief executive officer Datuk Jay Khairil Jeremy Abdullah.</p>


KWAP eyeing investment opportunities in longevity economy as Malaysia ages

<p>Singapore’s government issued notices to three more Indonesian firms suspected to be linked to haze-creating fires, as it steps up action to combat its worst air pollution in more than a decade.</p>


Singapore issues haze notices to three more Indonesian companies

<p>Jati Tinggi Group Bhd (KL:JTGROUP) said the electrical engineering group has secured a RM30.1 million contract to build power infrastructure for a data centre in Kulai, Johor.<br />
&nbsp;</p>


<p>The government plans to draft the Digital Infrastructure (Data Centre) Bill for submission to the Cabinet next year to regulate the growth of the data centre industry in line with the country's energy and water supply capacity.</p>
