<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 21): Encorp Construction &amp; Engineering Sdn Bhd, a wholly-owned subsidiary of Encorp Bhd (KL:<a href="/askedge/klse/6076" class="ce-stock" target="_blank">ENCORP</a>), has accepted a letter of acceptance for a RM16.96 million contract to build staff housing for its major shareholder, the Federal Land Development Authority (Felda).</p></div>

<div class=newsTextDataWrapInner><p>The contract award follows a memorandum of understanding signed on June 5 this year.</p></div>

<div class=newsTextDataWrapInner><p>The details of the contract are still being finalised and will be announced in due course, Encorp said in a bourse filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Felda is Encorp’s majority shareholder, holding a 67.129% stake through Felda Investment Corporation Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>The collaboration follows earlier projects undertaken by Encorp for Felda, including the first phase of the Lamanda Chuping development in Perlis, which was completed in 2024.</p></div>

<div class=newsTextDataWrapInner><p>Encorp’s shares closed unchanged at 16 sen on Wednesday, giving the company a market capitalisation of RM50.7 million.</p></div>

<div class=newsTextDataWrapInner><p><i>Read also:<br />
<a href="https://theedgemalaysia.com/node/805961" target="_blank">Encorp inks initial pact for Felda staff housing project</a></i></p></div>


Encorp Construction & Engineering Sdn Bhd, a wholly-owned subsidiary of Encorp Bhd (KL:ENCORP), has accepted a letter of acceptance for a RM16.96 million contract to build staff housing for its major shareholder, the Federal Land Development Authority (Felda).

Encorp secures RM17m staff housing project from Felda

Bursa Malaysia's telecommunications and media stocks extended their decline on Wednesday, bringing the sector's losses to nearly 20% so far this year amid steep falls in Axiata Group Bhd (KL:AXIATA), CelcomDigi Bhd (KL:CDB) and Reach Ten Holdings Bhd (KL:REACHTEN).

Telco and media stocks extend losses as sector index down nearly 20% this year

Elon Musk openly endorsed the prospect of combining SpaceX with Tesla Inc, in what would be the biggest-ever corporate merger uniting assets from electric cars to artificial intelligence (AI) data centres to rocket and satellite capabilities.

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Carrefour SA warned that the social unrest roiling France will drag on its earnings this year, the first sign of the economic impact from riots in Paris and other cities last weekend.

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The Malaysian Anti-Corruption Commission (MACC) has arrested a civil servant on suspicion of soliciting and accepting bribes amounting to approximately RM30 million in connection with assessment taxes.

MACC nabs civil servant over RM30m bribes in assessment tax probe  

DayOne Data Centers Ltd is weighing options for its US initial public offering (IPO), including a potential delay or size cut, as volatility around data centres increases, according to people familiar with the matter.

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A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

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KUALA LUMPUR (Oct 21): After a modest start, NWE Resources Group Bhd (KL:NWEBHD) ended flat in the consumer product company’s first day on the ACE Market.

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The government has no plans to amend Section 17 of Part III of the Second Schedule of the Federal Constitution, which governs the citizenship status of children born before their parents' marriage is legally registered.

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France's 10-year government bond yield hit the 5% mark on Wednesday, a new 24-year high, the latest sign of growing concern among investors over France's ability to restore its fragile finances.

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<p>SEPANG (Oct 21): Malaysian Border Control and Protection Agency director general Datuk Seri Mohd Shuhaily Mohd Zain has been&nbsp;charged for hurting lower-ranking officers.</p>


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<p>KUALA LUMPUR (Oct 21): Tan Sri Tan Kean Soon, the former deputy chairman of an oil-and-gas services firm, has been charged with fraud of over RM10 million.</p>


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<p>The number of Malaysians aged 65 and above crossed the one-million mark in 2002, accounting for 4.2% of the population. Back then, those aged 14 and below made up a third of the population.</p>


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<p>The government is open to considering a proposal to establish a royal commission of inquiry (RCI) into Retirement Fund Inc&nbsp;(KWAP) and the Employees Provident Fund (EPF)&nbsp;should the need arise.</p>


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<p>Civil servants have been banned from using the Waze navigation app with immediate effect, following a decision by the National Cyber Security Committee (JKSN) at its meeting on Tuesday.</p>


Malaysian civil servants banned from using Waze with immediate effect

<p>CIMB Group Holdings Bhd (KL:CIMB) is exploring taking its Indonesian arm private as tough market conditions dim prospects for a potential secondary offering, analysts said.</p>


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<p>The 10 sacked Negeri Sembilan executive councillors have filed a motion at the Federal Court seeking to challenge the state ruler's decision last month to remove them.&nbsp;</p>


Negeri Sembilan excos ask Federal Court if their sacking is constitutional

<p>BENGALURU (Oct 21): Anthropic's net loss widened sharply to US$80.7 billion (RM329.4&nbsp;billion) in the first half of this year, in large part due to a rise in the fair value of bonds convertible into shares of the AI start-up, according to a draft prospectus for a planned initial public offering (IPO) that was reviewed by <em>Reuters</em>.</p>


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<p>The Attorney General’s Chambers (AGC) and Datuk Seri Dr Ahmad Zahid Hamidi have obtained a stay on the Malaysian Bar’s judicial review&nbsp;challenging&nbsp;the discharge not amounting to an acquittal (DNAA) that had been given to Zahid for 47 charges of abuse of power, criminal breach of trust, and corruption related to Yayasan Akalbudi.</p>


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<p>Tourism operators are experiencing fewer bookings for this time of year — and even cancellations — as smog disrupts flights, obscures some of the country’s best-known attractions and threatens a key driver of the Southeast Asian economy.</p>


Malaysia set for tourism fallout from Indonesian haze

<p>Temasek Holdings Pte Ltd and GIC Pte Ltd denied claims by a former Indonesian trade minister that Singapore’s two biggest state-owned investors helped instigate Indonesia’s recent stock market collapse.</p>


Singapore’s Temasek and GIC deny instigating Indonesian stock rout

<p>The smog blanketing parts of Southeast Asia is threatening an army of tiny-but-crucial workers in the region’s palm industry — beetles that pollinate the trees and help keep the world supplied with the most-consumed vegetable oil. &nbsp;</p>


Indonesian haze threatens tiny bugs that power palm oil output

<p>Global stocks nudged up on Wednesday, as early signs from the earnings season pointed to strong profits for global firms and shored up sentiment in the face of nagging worry about the strength of the AI trade and turbulence in government bonds.</p>


Global stocks eke out modest gains thanks to earnings cheer

<p>Westports Holdings Bhd (KL:WPRTS) reported a record-high revenue from tariff increases and higher income from value-added services, boosting its earnings in the third quarter.</p>


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<p>DayOne Data Centers Ltd&nbsp;is weighing options for its US initial public offering (IPO), including a potential delay or size cut, as volatility around data centres increases, according to people familiar with the matter.</p>


<p>SAO PAULO (Oct 21): Brazil raced to contain the trade fallout from the detection of a highly contagious bird virus, as poultry shipments to countries including top buyer China faced restrictions.</p>


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<p>Boeing Co&nbsp;won US regulator approval for its 737 Max 10 jet, capping off a lengthy certification saga for the plane-maker’s family of narrowbody aircraft that was disrupted by two fatal crashes and a series of quality lapses.&nbsp;</p>


Boeing wins US approval for largest variant of 737 Max jet

<p>KUALA LUMPUR (Oct 21): After a modest start, NWE Resources Group Bhd (KL:NWEBHD) ended flat in the consumer product company’s first day on the ACE Market.</p>


<p>High capital requirements remain a major hurdle for Malaysian semiconductor design firms despite being granted subsidised access to UK-headquartered ARM Holdings plc's blueprints for chip components. &nbsp;</p>


High capital requirements still hamper Malaysian semiconductor design firms, Johari tells Parliament 

<p>CIMB Group Holdings Bhd (KL:CIMB) is expected to report softer earnings for the third quarter ended Sept 30, 2026, as higher funding costs and weaker trading income weigh on profitability, although its loan growth remains resilient, according to analysts.</p>
