Construction outfit Jati Tinggi Group Bhd (KL:JTGROUP) said it has secured a RM20.05 million contract to undertake the installation of 33kV underground cables in the southern region of Peninsular Malaysia.

Jati Tinggi secures RM20m underground cable job

The Federal Land Development Authority (Felda) recorded revenue of RM186 million in the first quarter (1Q) of 2024, up 3% from a year earlier, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Felda 1Q2024 revenue up 3% to RM186m, Parliament told

The National Scam Response Centre (NSRC) received as many as 37,002 calls from scam victims with a total reported loss of RM203.33 million as of May 2024.

Over RM203m in scam losses reported to NSRC as of May, says Anwar 

The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia, dubbed the Trans Borneo Railway project, is expected to begin next month, says Transport Minister Anthony Loke.

Feasibility study for Trans Borneo Railway project to begin next month

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

Mah Sing, Siab, Naim, Greatech, WCT, Computer Forms, PetDag, MyEG 

US stock indexes edged higher on Wednesday in a holiday-shortened trading session, as data pointing to a softening economy raised hopes for a September start to the Federal Reserve's policy easing.

Wall Street higher after data raises rate cut hopes; Fed minutes eyed

Digital payment solutions provider PUC Bhd (KL:PUC) said on Wednesday that its RM22 million cash sale consideration for its software and intellectual property (IP) rights is based on a willing-buyer willing-seller basis, after taking into account the asset's net book value of RM22.39 million as at financial period ended March 31, 2024.

PUC gets Bursa queries over RM22m cash sale of software, IP rights 

Pipe manufacturer YLI Holdings Bhd (KL:YLI) is acquiring an 80% stake in a company that supplies chemicals and assembles water and electric meters.

YLI Holdings buys 80% stake in chemicals supplier

Dry weather conditions affecting palm oil yield along with gains in soybean oil and palm olein futures have pushed Malaysian crude palm oil (CPO) prices above RM4,000 per tonne for the second consecutive day, said industry observers.

Three-month CPO futures stood at RM4,082 per tonne on Wednesday, slightly lower than RM4,089 a day earlier.

CPO prices stay above RM4,000 for second straight day 

Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc worth US$5 billion (RM23.6 billion) on the day the stock hit a fresh record.

Bezos to sell US$5b of Amazon as shares hit record high

Singapore stocks rose to the highest level in two years, helped by optimism over major banks’ dividend payouts and elevated Federal Reserve interest rates hopes.

Singapore stocks jump to two-year high as DBS, OCBC hit records 

Winstar Capital Bhd, which manufactures aluminium products, has filed for an initial public offering (IPO) on the ACE Market to raise funds to buy new production equipment.

The proposed IPO involves a public issue of 56.55 million new shares and an offer-for-sale of 17.4 million existing shares at a price to be determined later, according to its draft prospectus posted to Bursa Malaysia. All in all, the listing would offer investors up to a 25.5% stake in the company.

Winstar Capital, backed by Sunview Group, files for ACE Market IPO

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

Automation solution provider Greatech Technology Bhd (KL:GREATEC) has proposed a one-for-one bonus issue, entailing the issuance of up to 1.25 billion new shares.

Greatech proposes one-for-one bonus issue

Minetech Resources Bhd (KL:MINETEC) has secured a contract to undertake the proposed upgrading and construction of an external road and drainage system for a subsidiary of Mah Sing Group Bhd (KL:MAHSING) in Mukim Batu, Kuala Lumpur, for RM16.10 million.

Minetech secures RM16.1m contract for KL road, drainage upgrading work

WCT Holdings Bhd (KL: WCT), whose share price surged to a near five-year high on Wednesday, has proposed to establish a real estate investment trust (REIT) comprising its retail properties, and list it on the Main Market of Bursa Malaysia.

WCT to establish REIT comprising retail properties, list it on Main Market

Johor’s infrastructure and ample power capacity have seen the state attract more than 50 data centres in the past two years, said Menteri Besar Datuk Onn Hafiz Ghazi.

Johor MB touts state as Asia’s new data centre hub 

The plan to privatise Malaysia Airports Holdings Bhd or MAHB&nbsp;(KL:AIRPORT) through a consortium approach is deemed the optimal strategy to safeguard the nation's airport infrastructure and ensure long-term sustainable growth, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Finance minister II defends consortium approach to privatising MAHB as 'optimal strategy'

The Pentagon has a problem: How does one of the world’s largest employers avoid doing business with companies that rely on China’s Huawei Technologies Co, the world’s largest telecommunications provider?

Pentagon has a Huawei dilemma the US Congress doesn’t want to solve

The German government blocked the sale of a gas turbine business owned by MAN Energy Solutions SE to a state-owned Chinese shipbuilding company over national security concerns.

Under the deal, which was announced on June 20, CSIC Longjiang GH Gas Turbine Co, Ltd would have taken over MAN operations in Oberhausen and Zurich to work on developing new gas-turbine product lines. The company, a subsidiary of China State Shipbuilding Corp, develops small and medium-sized turbines, and makes engines for Chinese naval destroyers.

Germany blocks sale of gas turbine unit to Chinese shipbuilder

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EVENING 5: Five things you need to know today

MyEG Services Bhd (KL:MYEG) said it is teaming up with credit reporting agency Credit Bureau Malaysia Sdn Bhd (CBM) to offer a self-check service for individual credit reports.

MyEG teams up with Credit Bureau Malaysia to offer self-check service for individual credit reports

Construction outfit Siab Holdings Bhd (KL:SIAB) has bagged a RM176.18 million contract from property developer Exsim Noordin Sdn Bhd to undertake construction works on a heritage building and a 29-storey serviced apartment building in George Town, Penang.

Siab Holdings bags RM176m construction job in Penang

The 23rd edition of the Architecture, Interior Design and Building Exhibition (Archidex) commenced with its opening ceremony officiated by Prime Minister Datuk Seri Anwar Ibrahim alongside Housing and Local Government (KPKT) minister Nga Kor Ming at the Kuala Lumpur Convention Centre on Wednesday.&nbsp;

Archidex 2024 forecasts over RM1 bil in sales, says Nga

The Kedah Department of Environment (DOE) detected a recycling factory suspected of processing used plastic into fish feed pellets, in an industrial area here, on Wednesday.

Kedah factory caught recycling plastic into fish feed pellets, says Nik Nazmi

Dry weather conditions affecting palm oil yield along with gains in soybean oil and palm olein futures have pushed Malaysian crude palm oil (CPO) prices above RM4,000 per tonne for the second consecutive day, said industry observers.

Three-month CPO futures stood at RM4,082 per tonne on Wednesday, slightly lower than RM4,089 a day earlier.

The country’s apex court has set aside a High Court and Court of Appeal decision which had ruled that it was in the best interest of a child to undergo a DNA test to determine his or her paternity.

Top court overturns order for teen to undergo DNA test to ascertain paternity

Computer Forms (Malaysia) Bhd (KL: CFM) said a fire broke out at its factory located at the PKNS Setapak Industrial Area, Off Jalan Genting Kelang, Kuala Lumpur on July 2.

The cause of the fire remains unknown as investigations by the police are still ongoing, Computer Forms told Bursa Malaysia on Wednesday, adding the incident caused no injuries.

Computer Forms reports fire at Setapak factory 

Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc worth US$5 billion (RM23.6 billion) on the day the stock hit a fresh record.

Property developer Naim Holdings Bhd (KL:NAIM) is disposing of a parcel of land in Samarahan, Sarawak to Onlyee Flora Sdn Bhd for RM223.38 million.

Naim Holdings’ unit to dispose of Samarahan land for RM223.38m 

The Johor Baru-Singapore Rapid Transit System (RTS) Link’s station at Woodlands North and its connected Customs, Immigration and Quarantine (CIQ) facility will be about 10 times the size of a typical Mass Rapid Transit (MRT) station, Singapore's Land Transport Authority (LTA) said yesterday.

The information was released as Singapore's Transport Minister Ong Ye Kung officiated a ground-breaking ceremony that marked the start of the construction of the RTS Link at a project site situated along Admiralty Road West.

S’pore-Johor RTS Link station in Woodlands to be 10 times the size of typical MRT station

Those who have been around Robinsons long enough could sense that things were not looking good, but not Mr Andy Ng, a sales supervisor who has been there for just two years.

“We found out this morning during a meeting,” he said of the department store’s liquidation, which was announced on Friday (Oct 30). “I didn’t expect it.”

Tears flow, sadness prevails as Robinsons employees eye empty shelves, serve customers before closure

KUALA LUMPUR (Feb 28): Recent attacks against Malaysian tycoon Robert Kuok is a move by some elements within the ruling Barisan Nasional (BN) coalition to whip up anti-Chinese sentiments ahead of the country’s general election, say observers.

Mr Rashaad Ali, a researcher at Singapore’s ...

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