<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 18): Cabnet Holdings Bhd is collaborating to participate in a bid for an internet data centre, or Edge Data Center,&nbsp;in Johor Bahru.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Thursday (Aug 18), the company said its unit Cabnet Systems (M) Sdn Bhd (CSM) had inked a preliminary collaboration agreement (PCA) with EPG Data Center Solution Sdn Bhd (EPG) to bid for the project.</p></div>

<div class=newsTextDataWrapInner><p>On the rationale for the deal, Cabnet said the PCA forms a basis of commitment by the parties for the purpose of recording their mutual intent and understanding to discuss, negotiate and formalise the scope and terms of their cooperation in relation to the joint-venture (JV) project.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Under the deal, CSM will hold a 34% share, EPG 33%, and the proposed JV partner to be procured by EPG having a 33% stake.</p></div>

<div class=newsTextDataWrapInner><p>At the midday break on Thursday (Aug 18), Cabnet had fallen 2.08% or half a sen to 23.5 sen, with 70,000 shares traded.</p></div>


Cabnet Holdings Bhd is collaborating to participate in a bid for an internet data centre, or Edge Data Center, in Johor Bahru.

In a bourse filing on Thursday (Aug 18), the company said its unit Cabnet Systems (M) Sdn Bhd (CSM) had inked a preliminary collaboration agreement (PCA) with EPG Data Center Solution Sdn Bhd (EPG) to bid for the project.

Cabnet inks deal to bid for internet data centre in Johor

Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.

Anwar lambasts foreign media over reports on fuel subsidy cut

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

Paytm appoints new executives as COO resigns

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


Developing community living sustainably

<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


Treasure of Borneo

<p>Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.</p>


<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>


<p>The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, <i>Financial Times</i> (FT) reported, citing party insiders.</p>
