<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 12): Ekovest Bhd has bagged a RM99.89 million contract to undertake the improvement and beautification works under Package 2 — Taman Titiwangsa, Kuala Lumpur, which forms part of the second phase of the River of Life project.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Ekovest said its wholly-owned subsidiary EkoRiver Construction Sdn Bhd has received a Letter of Acceptance from the Kuala Lumpur City Hall (DBKL) for the proposed project.</p></div>

<div class=newsTextDataWrapInner><p>The completion period for the works is 78 weeks.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The works are expected to contribute positively to the group's future revenue and earnings," it added.</p></div>

<div class=newsTextDataWrapInner><p>EkoRiver Construction is also undertaking works on Phase 1 of the River of Life project.</p></div>

<div class=newsTextDataWrapInner><p>The River of Life project comprises three stages: river cleaning and river beautification which are targeted to be completed by 2020, as well as commercialisation and tourism which are to commence from 2020 onwards.</p></div>

<div class=newsTextDataWrapInner><p>Ekovest shares rose 2 sen or 2.04% to close at RM1 today, with 15.4 million shares done, giving it a market capitalisation of RM2.14 billion.</p></div>


KUALA LUMPUR (March 12): Ekovest Bhd has bagged a RM99.89 million contract to undertake the improvement and beautification works under Package 2 — Taman Titiwangsa, Kuala Lumpur, which forms part of the second phase of the River of Life project.

In a filing with Bursa Malaysia today, Ek...

Ekovest bags RM99.9m contract for River of Life (Phase 2) project

US Bancorp reduced the outlook for a key driver of its profit for the year as lenders face pressure to pay more for deposits.

The Minneapolis-based bank said on Wednesday that it now expects net interest income (NII) of US$16.1 billion (RM77.01 billion) to US$16.4 billion this year after previously guiding for NII to total US$16.6 billion or more this year. The trend of customers shifting funds to interest-bearing accounts from those that don’t pay interest hasn’t slowed as quickly as expected, with rates staying elevated, executives said on a conference call with analysts.

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Scam calls received by Malaysian users have more than doubled in 2023 compared to 2022, according to TrustTech service provider Gogolook.

In a statement on Thursday, Gogolook said its digital anti-fraud tool Whoscall had identified 1.63 million scam calls received by Malaysian users in 2023, representing an increase of 100.92% from over 812,000 calls in 2022.

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With the Paris Olympic Games 100 days away, police carried out a large-scale eviction at France's biggest squat in the south of the country's capital. Authorities, including dozens of gendarmes, cleared out the makeshift camp at an abandoned bus company headquarters in Vitry-sur-Seine on Wednesday, said AP.

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JAKARTA (April 18): China and Indonesia have pledged to strengthen economic ties and maintain peace and stability in the region, China's Foreign Minister Wang Yi said on Thursday, after a meeting with his Indonesian counterpart, Retno Marsudi, in Jakarta.

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Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

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The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

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<p>Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.</p>


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<p>Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.</p>


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<p>Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.</p>


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<p>Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.</p>


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<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


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<p>Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


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<p>President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.</p>


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<p>The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.</p>


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<p>KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.</p>


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<p>Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.</p>


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<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


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<p>Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;</p>


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<p>KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.</p>


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<p>Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.</p>


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<p>The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.</p>
