<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 25): Eita Resources Bhd’s 60%-owned subsidiary has secured an underground cable works contract from Tenaga Nasional Bhd (TNB) worth RM48.83 million.</p></div>

<div class=newsTextDataWrapInner><p>In an exchange filing today, Eita Resources said the letter of acceptance was received by its subsidiary Transsystem Continental Sdn Bhd today to undertake the 132kV double circuit loop in and loop out underground cable works from the Transmission Main Intake (or Pencawang Masuk Utama [PMU] of Gelugor to PMU Farlim and into PMU Datuk Keramat in Penang.</p></div>

<div class=newsTextDataWrapInner><p>The job, which is effective from today, will take 730 days to complete.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group said the contract will not have any material effect on its net assets and gearing for the financial year ending Sept 30, 2019, but is expected to contribute positively to Eita Resources’ earnings over the duration of the contract.</p></div>

<div class=newsTextDataWrapInner><p>Eita Resources, is involved in elevator and bus duct systems manufacturing. The latest contract secured came on the heels of a similar project in Ampang announced on Tuesday.</p></div>

<div class=newsTextDataWrapInner><p>The contract, which was also awarded by TNB to Transsystem, was for a 132 kV double circuit underground cable project in Ampang worth RM56.36 million.</p></div>

<div class=newsTextDataWrapInner><p>At market close today, shares of Eita Resources finished two sen or 1.53% lower at RM1.29, with a market capitalisation of RM167.7 million.</p></div>


KUALA LUMPUR (Oct 25): Eita Resources Bhd’s 60%-owned subsidiary has secured an underground cable works contract from Tenaga Nasional Bhd (TNB) worth RM48.83 million.

In an exchange filing today, Eita Resources said the letter of acceptance was received by its subsidiary Transsystem Con...

Eita Resources secures second underground cable contract from TNB this week

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Emerging Asian equities and currencies were sharply lower on Friday as reports Israel attacked Iran in an escalation of tensions in the Middle East led investors to flee to safe-haven assets, including the US dollar.

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PUTRAJAYA (April 19): Payment of fees for training or classes in esports, equestrian, swimming, motorsports and taekwondo is eligible for tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

Taiwan said on Friday China's decision to open new air routes that run perilously close to two Taiwanese-controlled islands was a flight safety risk taken without consultation, adding it will demand any aircraft using them be asked to turn around.

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Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

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Israel launched an attack on Iranian soil on Friday, sources said, in the latest tit-for-tat exchange between the two arch foes, whose decades of shadow war has broken out into the open and threatened to drag the region deeper into conflict.

Israel attacks Iran, Reuters reports, as drones shot down over Isfahan 

Five Japanese nationals survived a suicide bomb attack on their vehicle on Friday, as police in Pakistan's city of Karachi shot down a gunman accompanying the bomber, a police spokesperson said, but two passers-by were injured.

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