<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 2): Econpile Holdings Bhd’s (KL:<a href="/askedge/klse/5253" class="ce-stock" target="_blank">ECONBHD</a>) subsidiary has secured a RM73 million contract to carry out piling and foundation works for a new hospital building at Hospital Tung Shin in Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>The contract, awarded by SA Architects Sdn Bhd on behalf of Hospital Tung Shin, covers earth-retaining structures, piling, pile caps and the lowest basement slab.</p></div>

<div class=newsTextDataWrapInner><p>The project involves demolishing existing structures and constructing a new hospital building with multiple levels of hospital facilities, car parks, offices and basement levels.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The project is expected to be completed within 21 months.</p></div>

<div class=newsTextDataWrapInner><p>The contract is its second contract win for the financial year 2027. It won a RM24.4 mil piling job for a 53-storey apartment along Jalan Tun Razak in October.</p></div>

<div class=newsTextDataWrapInner><p>Econpile’s shares were up 4% to 13 sen a share, valuing the company at RM184.28 million. Year to date the stock is down 43%.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/823277" target="_blank">Econpile bags RM24.4 mil piling job for 53-storey KL apartment project</a><br />
<a href="https://theedgemalaysia.com/node/813913 " target="_blank">RHB sees Econpile’s 4Q core earnings hit by surging material costs</a></em></p></div>


Econpile Holdings Bhd’s (KL:ECONBHD) subsidiary has secured a RM73 million contract to carry out piling and foundation works for a new hospital building at Hospital Tung Shin in Kuala Lumpur.

Econpile bags RM73 mil contract for new Tung Shin Hospital building

Marvell Technology Inc has reached a deal to buy data centre optics maker Lumentum Holdings Inc at an enterprise value of US$115 billion (RM466.4 billion), one of the biggest tech tie-ups ever, in a race to capitalise on the artificial intelligence (AI) boom.

Marvell reaches US$115 bil deal for Lumentum 

Wall Street's main indices rose on Monday as oil prices tumbled more than 6% on hopes of a US-Iran peace deal, with investors also bracing for Tuesday's midterm elections and another busy week of earnings.

Wall Street rises as oil falls heading into US midterm elections, more earnings

On a typically muggy Taipei day, dozens of eager Taiwanese investors packed into a conference room. Their latest obsession: the sprawling suburbs of the Arizona desert, more than 7,000 miles from the dense neighbourhoods and narrow alleys of the island metropolis.

TSMC’s US$265 bil campus driving real estate boom in Phoenix suburbs

A hacking attack on European supermarkets spread across the continent on Monday, hitting fridges and freezers from Sweden to Belgium and forcing stores to throw away food in an incident that echoed a similar attack in France last month.

New cyberattack on supermarket fridges sweeps across Europe

US manufacturing activity picked up in October, supported by the strongest production growth in nearly five years.

US manufacturing activity accelerates as production picks up

Anthropic PBC reported third-quarter (3Q) revenue of nearly US$17 billion (RM68.95 billion) as of Sept 30, a twelve-fold increase versus the same period a year ago that’s set to stoke anticipation for the artificial intelligence (AI) lab’s potentially record-breaking  initial public offering (IPO).

Anthropic 3Q revenue hits nearly US$17 bil before blockbuster IPO

Oracle plans to raise US$20 billion (RM81.4 billion) through bond and share sales, regulatory filings showed on Monday, as the software giant taps investors to fund its costly AI and cloud infrastructure build-out.

Oracle taps investors for US$20b to finance AI expansion

Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.

China rolls out support measures to aid struggling stocks

Goldman Sachs Group Inc has irked some of its staff after it banned most of them from using advanced artificial intelligence (AI) tools designed for coding after reviewing productivity and risk concerns.

Goldman restricts traders and bankers from using some AI tools — Bloomberg

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

United Malacca, Handal Energy, CTOS Digital, ISF Group, Mega Fortris, GIIB, Ni Hsin, Econpile, Infomina, Signature Alliance, Pekat, Kretam

<p>Tony Lim, the founder of popular Malaysian food and beverage (F&amp;B) chains BananaBro and Boat Noodle, has died at the age of 47.</p>


BananaBro, Boat Noodle founder Tony Lim dies at 47 

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;JCorp and CVC, together with the EPF, are shareholders of the fast-food businesses through Massive Equity Sdn Bhd</p>

<p>•&nbsp;&nbsp; &nbsp;Massive Equity wholly owns...

JCorp, CVC said to eye exit from KFC and Pizza Hut

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;Menara Tun Perak’s listed book value is around RM65.87 million. The building is currently on a 10-year triple-net lease deal with PNB, which generates a minimum rental in...

Menara Tun Perak, Maybank’s former KL headquarters, up for sale, sources say

<p>The Seremban High Court on Monday ruled that the appointment of lawyers in private practice to represent Negeri Sembilan state secretary Datuk Mohd Zafir Ibrahim and the state government is valid under Section 24(3) of the Government Proceedings Act 1956.</p>


High Court dismisses Negeri Sembilan excos objection against private lawyers representing state govt, state secretary   

<p>Ray-Ban heir Leonardo Maria Del Vecchio proposed buying out his family members from their shared investment vehicle, in a bid to keep the EssilorLuxottica SA eyewear fortune from Czech arms billionare Michal Strnad.</p>


Ray-Ban heir proposes family buyout after €31 bil Czech bid

<p>KUALA LUMPUR (Nov 2): Lawmakers have called for reforms to the Malaysian Anti-Corruption Commission (MACC) Act 2009 and urged the government to make the findings of investigations involving former MACC chief commissioner Tan Sri Azam Baki public to prevent future abuse of power.</p>


Lawmakers urge MACC reforms, renew call for public release of Azam Baki probe findings

<p>PETRONAS has signed farm-out agreements with French energy giant TotalEnergies and national oil companies of Kuwait and Thailand for two gas fields offshore Sarawak.</p>


PETRONAS signs farm-out agreements for fields offshore Sarawak

<p>The mass exit of Zetrix AI Bhd’s (KL:ZETRIX) three independent directors last week marks the total departure of all four of the group’s independent directors in less than three weeks, leaving behind only three executive directors on its once seven-member board.</p>


Frankly Speaking: An exodus that leaves Zetrix without independent oversight

<p>Malaysian Border Control and Protection Agency (AKPS) director general Datuk Seri Mohd Shuhaily Mohd Zain returned to work on Monday after taking a week’s leave following his court charge over allegations of assaulting two junior officers.</p>


Border Control DG Shuhaily returns to duty

<p>KUALA LUMPUR (Nov 2): Pekat Group Bhd (KL:PEKAT) is acquiring six adjoining freehold industrial plots in Nilai, Negeri Sembilan, from Sime Darby Property Bhd (KL:SIMEPROP) for RM30.58 million.</p>


Pekat buys six industrial land plots in Nilai from Sime Darby Property for RM31 mil

<p>CTOS Digital Bhd (KL:CTOS) said on Monday that all credit reporting services affected by a cybersecurity breach have been restored following the implementation of remediation measures and enhanced security controls.</p>


CTOS fully restores services following cybersecurity breach

<p>HSBC expects the ringgit to weaken in 2027, as a resilient greenback and widening interest rate differentials weigh on the local currency.</p>


HSBC expects a weaker ringgit into 2027, gold may recover

<p>Malaysia has sufficient food supply capacity for at least six months and sees no need for emergency stockpiling measures despite concerns over potential disruptions to essential supplies, Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said.</p>


Zahid: Malaysia has six-month food supply, no emergency measures needed

<p>Shares of three companies linked to businessman Datuk Ng Meng Kee — Mega Fortris Bhd (KL:MEGAFB), GIIB Holdings Bhd (KL:GIIB) and Ni Hsin Group Bhd (KL:NIHSIN) — rebounded sharply on Monday after suffering steep losses last week, with all three counters recording double-digit percentage gains.</p>


Mega Fortris, GIIB and Ni Hsin rebound after last week's sell-off

<p>Malaysia's strong export performance and foreign direct investment (FDI) inflows may not translate into equivalent gains for the ringgit, as profit repatriation by multinational companies and growing investments abroad offset some of the benefits, according to HSBC Malaysia.</p>


Profit repatriation, AI investment risks could limit ringgit gains — HSBC

<p>IOI Properties Group Bhd (KL:IOIPG) has promoted Ho Kwok Wing as its chief operating officer for property development in Malaysia.</p>


IOI Properties promotes Ho Kwok Wing as operations chief

<p>ALOR GAJAH (Nov 2): The launch of two new hybrid vehicle models by EP Manufacturing Bhd (KL: EPMB) is expected to strengthen Melaka’s position as an automotive manufacturing hub, while also increasing production capacity and creating more high-skilled job opportunities in the state.</p>


Launch of two new hybrid models by EP Manufacturing boosts Melaka’s automotive industry

<p>Google is allocating US$160 million (RM651 million) to fund new shared water infrastructure in Negeri Sembilan to support local community needs and its upcoming data centre operations at the Springhill Industrial Park in Port Dickson.</p>


Google allocates RM651m to build water infrastructure in Negeri Sembilan

<p>Businessman Datuk Farhash Wafa Salvador said allegations linking him to&nbsp;intelligence agency Malaysia External Intelligence Organisation (MEIO) had caused him problems when travelling abroad.</p>


Farhash tells court 'spy' claims caused him problems abroad 

<p>Three companies linked to businessman Datuk Ng Meng Kee took a nosedive last Thursday and Friday, prompting Bursa Malaysia to issue them with unusual market activity queries.</p>
