<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 15): Ireka Corp Bhd has secured a construction project in Terengganu worth RM124.39 million.</p></div>

<div class=newsTextDataWrapInner><p>The group said the contract from Wanland Metro Sdn Bhd involves the construction of two blocks of 16-storey apartment, single storey terrace houses, double storey terrace houses and double storey shophouses at Dendong in Besut district.</p></div>

<div class=newsTextDataWrapInner><p>The contract period will be 208 weeks &nbsp;starting Aug 1, the group said in a bourse filing..</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract is expected to contribute positively to the group’s earnings from financial year ending March 31, 2022 onwards, it added.</p></div>

<div class=newsTextDataWrapInner><p>Ireka’s share price closed 0.5 sen or 0.75% higher at 67 sen today, valuing the group at RM122.29 million.</p></div>


KUALA LUMPUR (July 15): Ireka Corp Bhd has secured a construction project in Terengganu worth RM124.39 million.

Ireka secures RM124m construction job in Terengganu

Bursa Malaysia said on Monday it is introducing Trading Reminders, a new tool that highlights unusual trading activity in addition to queries issued over spikes in prices and volumes.

Bursa introduces Trading Reminder flag on top of unusual market activity queries

Maxis Bhd’s (KL:MAXIS) intention to build a second fifth-generation (5G) network could potentially put the group’s financial position and future earnings under pressure, according to analysts.

Maxis' financial position could face pressure from proposed second 5G network, say analysts

Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.

Lai, addressing the crowd outside the Japanese-colonial-era presidential office in central Taipei, repeated a call for talks with China, which views the proudly democratic island as its own territory and has never renounced the use of force to bring it under Beijing's control.

New Taiwanese president calls on China to stop its threats

Malaysia Airports Holdings Bhd’s (MAHB) traffic expanded by 7.6% to 11 million passengers in April 2024, compared with the preceding month's 10.2 million passengers.

MAHB's passenger traffic hit 11 million in April, 7.6% higher month-on-month

Malaysia’s exports rebounded at a slower-than-expected 9.1% in April from a year earlier, as a surge in shipments of machineries, chemicals and palm oil offset a decline in deliveries of petroleum products and subdued electronics demand, official data Monday showed.

Malaysia's exports rebound slower than expected in April, official data shows

Brent crude futures extended gains on Monday, inching upamid political uncertainty in major producing countries after Iran's president died in a helicopter crash and the Saudi crown prince cancelled a Japan trip, citing health issues with the king.

Brent oil gains after Iran’s president dies, Saudi flags issue with King's health 

ByteDance Ltd has overtaken Baidu Inc in the race to deliver China’s answer to ChatGPT — at least in terms of popularity.

TikTok parent ByteDance now has China’s most popular AI chatbot

Indonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday.

Musk considering offer to build EV battery plant in Indonesia, says minister

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.

Public Bank's 1Q net profit slips 3.5% on higher costs, provisions

Malaysia Airports Holdings Bhd’s (MAHB) (KL:AIRPORT) share price dropped to RM10 the day after it received a pre-conditional voluntary takeover offer of RM11 per share.

Frankly Speaking: Foreign partners can help run our airports better

<p>Iranian President Ebrahim Raisi and his foreign minister were killed in a helicopter crash in mountainous terrain and icy weather, an Iranian official said on Monday, after search teams located the wreckage in East Azerbaijan province.</p>


Iranian President Ebrahim Raisi killed in helicopter crash, official says

<p>The time it’s taking for some of China’s electric-car makers to pay suppliers is ballooning — a further sign of stress in the nation’s increasingly cutthroat auto market.</p>


China’s EV makers taking longer to pay bills amid rising stress

<p>Iran's President Ebrahim Raisi was killed in a helicopter crash, an Iranian official and <i>Mehr</i> news agency reported on Monday. Below is a brief outline of what Iran's constitution says happens when a president is incapacitated or dies in office:</p>


What happens in Iran when a president dies in office?

<p>Electronics manufacturing services firm Notion VTec Bhd (KL:NOTION) charted a new three-year high on Monday, as Bursa Malaysia’s Technology Index touched a new one-year high following the US’ plan to hike tariffs on semiconductors from China.</p>


Notion VTec charts new three-year high amid rally in tech stocks

<p>RHB Investment Bank Research has maintained its 'buy'&nbsp;rating for&nbsp;Gamuda Bhd (KL:GAMUDA) at RM5.58, with a higher target price of RM6.55 (from RM6.30), and said it is upbeat on the prospects Ho Chi Minh City (HCMC) has for Gamuda’s property arm.</p>


RHB IB upbeat on Gamuda’s prospects in Ho Chi Minh City, raises target price to RM6.55

<p>Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year.</p>


Gold hits fresh record as Fed rate-cut optimism fuels demand 

<p>Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest banking group by assets, said on Monday its net profit slipped 3.5% for the first quarter ended March 31, 2024 (1QFY2024) from a year earlier, mainly due to higher personnel costs and higher provisions.</p>


<p>Bursa Malaysia said on Monday it is introducing Trading Reminders, a new tool that highlights unusual trading activity in addition to queries issued over spikes in prices and volumes.</p>


<p>KUALA LUMPUR (May 20): Phillip Capital has maintained its “buy” rating on Kerjaya Prospek Group Bhd at RM1.80 with a higher target price (TP) of RM2 (from RM1.93) and said it expects Kerjaya’s 1Q2024 net profit to come in stronger year-on-year, but flat quarter-on-quarter.</p>

<p>In a note on ...

Phillip Capital raises target price for Kerjaya Prospek to RM2, sees stronger y-o-y net profit growth in 1Q2024

<p>Foreign buying of Malaysian equities was sustained for the fourth consecutive week with a total of RM873.9 million last week, leading to a year-to-date net inflow of RM4.9 million.</p>

<p>In its fund flow report on Monday, the MIDF Research team said the sustained interest in the domestic market may have stemmed from economic optimism, as recent data revealed a 4.2% year-on-year rise in gross domestic product in the first quarter of 2024.</p>


Foreign buying of M'sian equities sustained for fourth week with RM874m inflow, says MIDF

<p>Malaysia is expected to see a "potential upswing" in external demand, particularly from China, while also benefitting from the imposition of US tariffs on Chinese goods, including electric vehicles (EVs) and their components, said TA Securities.</p>


Malaysia to benefit from China demand, US tariffs on Chinese EVs — TA Securities

<p>Taiwan President Lai Ching-te asked China on Monday to stop its military and political threats, saying in his inauguration speech that peace is the only choice and that Beijing had to respect the choice of the Taiwanese people.</p>

<p>Lai, addressing the crowd outside the Japanese-colonial-era presidential office in central Taipei, repeated a call for talks with China, which views the proudly democratic island as its own territory and has never renounced the use of force to bring it under Beijing's control.</p>


<p>Shares in gold-related counters surged on Monday, following the precious metal notching a fresh all-time high, as investor demand soared across the broader metals complex, amid increasing optimism the US will cut interest rates this year.</p>


Poh Kong leads rally in gold-linked stocks as metal hits fresh record

<p>Prime Minister Anwar Ibrahim’s visit to the Kyrgyz Republic, Kazakhstan and Uzbekistan has successfully generated investments and trade potential of at least RM2.1 billion, which will benefit Malaysia's economic growth.</p>


Anwar: Visit to Central Asia to generate potential trade, investment exceeding RM2.1b

<p>Troubled Australian casino operator Star Entertainment Group said several suitors have approached the company about possible deals, after a newspaper reported that a consortium led by Hard Rock Hotel &amp; Casino made a takeover proposal.</p>


Star says suitors circling as Hard Rock reportedly makes offer 

<p>PAS on Sunday expressed solidarity with Seputeh Member of Parliament Teresa Kok, and strongly condemned the death threat&nbsp;against the DAP leader.</p>

<p>PAS secretary general Datuk Seri Takiyuddin Hassan said that Teresa deserves all legal protections against any criminal and unlawful acts.</p>


PAS stands in solidarity with DAP's Teresa Kok, condemns death threat

<p>Malaysia’s exports rebounded at a slower-than-expected 9.1% in April from a year earlier, as a surge in shipments of machineries, chemicals and palm oil offset a decline in deliveries of petroleum products and subdued electronics demand, official data Monday showed.</p>


<p>Copper surged to a fresh record, extending a months-long rally that’s been driven by financial investors who have piled into the market in anticipation of supply shortages.</p>


Copper hits record above US$11,000 on bets that shortage looms

<p>Liverpool delivered much-loved manager Juergen Klopp a victory in his final game with the team on Sunday, a 2-0 win over 10-man Wolverhampton Wanderers at Anfield in an emotional Premier League season finale.</p>


Liverpool deliver victory in an emotional farewell for Klopp

<p>When US markets reopen next Tuesday after the long weekend, everything will likely seem normal. It’s only after the close and in the following days that any cracks are expected to appear.</p>
