<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on January 23, 2019</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: HeiTech Padu Bhd, whose share price yesterday closed at its highest level in more than six years, has secured a ministry of health (MoH) contract worth RM33.18 million.</p></div>

<div class=newsTextDataWrapInner><p>HeiTech Padu said the contract is for the supply, installation and commissioning of the Critical Care Information System in intensive care units of 11 hospitals for a period of three years.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract, which will commence on Feb 1, 2019, is expected to have a positive impact on its future earnings, the group said in a stock exchange filing after market close yesterday.</p></div>

<div class=newsTextDataWrapInner><p>The contract will have no material effect on its net asset, dividend policy, share capital and substantial shareholdings for the financial year ending Dec 31, 2019, it added.</p></div>

<div class=newsTextDataWrapInner><p>HeiTech Padu’s share price closed 8.5 sen or 9.88% up yesterday at 94.5 sen, its highest level since Sept 28, 2012. Some 14.32 million shares were traded, a big jump over the counter’s 200-day average trading volume of 53,634 shares.</p></div>


KUALA LUMPUR: HeiTech Padu Bhd, whose share price yesterday closed at its highest level in more than six years, has secured a ministry of health (MoH) contract worth RM33.18 million.

HeiTech Padu said the contract is for the supply, installation and commissioning of the Critical Care In...

HeiTech Padu bags MoH contract; its share price jumps

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.

UOB Malaysia introduces masterclass to prepare businesses for EU’s carbon border tax

SAN FRANCISCO (May 8): The Department of Homeland Security (DHS) is piloting artificial intelligence to train officers who review applicants for refugee status in the United States, Secretary Alejandro Mayorkas told reporters on Tuesday.

The work addresses what Mayorkas said is “labor-i...

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(May 8): The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.

“So far the requests have been to keep manufacturing and supply chains completely separate, but ...

Saudi Arabia AI fund would divest from China if US asked, CEO says

SEOUL (May 8): Kim Ki Nam, one of the longest-serving North Korean officials who served all three generations of its leaders cementing their political legitimacy and heading the propaganda apparatus for the dynastic state, has died, official media said on Wednesday.

North Korea leader K...

North Korean propaganda chief who served all three leaders dies

(May 8): Brazil's bid to host the 2027 Women's World Cup scored higher than its rival, a joint bid from Belgium, Netherlands and Germany, in a FIFA's evaluation report released on Tuesday.

The world soccer governing body bid report came ahead of the vote at the 74th FIFA Congress in Ban...

Brazil's bid to host the Women's World Cup tops European rival

Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.

Australia raises minimum savings for student visa, warns on fake recruitment

Hong Leong Investment Bank Research is keeping its “buy” call on Kuala Lumpur Kepong, with an unchanged target price of RM24.41

MORNING CALL: 8/5/24

Global environmental, social, and governance (ESG) sukuk is expected to cross US$50 billion (RM237.32 billion) outstanding globally within the next two years, as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks and government-led sustainability initiatives, according to Fitch Ratings.

Global ESG sukuk issuance seen crossing US$50b within two years, says Fitch 

Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.

Two suspects on motorcycles break Safiq Rahim's car windscreen in third attack on footballers 

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

<p>The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.</p>


Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

<p>Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.</p>


Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

<p>AwanBiru Technology Bhd (Awantec) reported a net profit of RM2.14 million for its third quarter ended March 31, 2024 (3QFY2024), a significant turnaround from the net loss of RM1.99 million it incurred a year ago, as its software and services segment secured major contracts with higher revenue.</p>


Awantec reports profit in 3Q as revenue jumps on new contracts

<p>Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.</p>


Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

<p>GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.</p>


GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

<p>Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).</p>


First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

<p>Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.</p>


<p>Apple Inc unveiled a new artificial intelligence-focused iPad Pro and a larger iPad Air, aiming to reinvigorate a tablet lineup that has languished over the past two years.</p>


Apple revamps iPads with AI-focused Pro model, bigger Air

<p>A key measure of world indebtedness has resumed its climb as global debt hit a record high of US$315 trillion (RM1.5 quadrillion) in the first quarter of the year, fuelled by borrowing in emerging markets, the US and Japan, a study showed.</p>


Key debt ratio resumes rise as global debt burden hits record US$315 tril, IIF says

<p>United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.</p>


<p>TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in US federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.</p>


TikTok, ByteDance sue to block US law seeking sale or ban of app

<p>The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve (Fed) will cut interest rates this year.</p>


S&P, Dow end slightly up, extend closing streaks despite Disney drag

<p>Home furniture maker Mobilia Holdings Bhd is planning to issue up to 218.75 million free warrants (Warrants-B), on the basis of one Warrant-B for every four existing shares held by entitled shareholders.</p>


Home furniture maker Mobilia plans one-for-four free warrants

<p>KUALA LUMPUR (May 7):&nbsp;The strategic cooperation between the Malaysian Investment Development Authority (Mida) and the Ministry of Higher Education (MOHE) is expected to catalyse the country’s industrial growth, especially in supporting the development of&nbsp;more&nbsp;talents at the global level.&nbsp;</p>


Mida’s strategic cooperation with Higher Education Ministry to accelerate local industrial growth — Zafrul

<p>The Malaysian Anti-Corruption Commission (MACC) is studying allegations against Housing and Local Government Minister Nga Kor Ming with regards to his announcement of an allocation for infrastructure in Kuala Kubu Bharu (KKB) recently.</p>


MACC looking into minister’s KKB allocation announcement ahead of poll

<p>As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.</p>


Aspiring to high-income status: Education matters

<p>Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.</p>


Wall Street loses steam, dollar gains as investors mull rate cut timing

<p>(May 8): The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence technology said the country would divest from China if it were asked to do so by the US.</p>

<p>“So far the requests have been to keep manufacturing and supply chains completely separate, but ...

<p>Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.</p>
