<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 21): Muhibbah Engineering (M) Bhd has been awarded a RM189 million work package by Mass Rapid Transit Corp Sdn Bhd for the construction of the MRT Sungai Buloh-Serdang-Putrajaya line, also known as MRT2.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>In a filing with the stock exchange, Muhibbah said the group will be responsible for the design, supply, installation, testing and commissioning of noise barriers and enclosures for the package.</p></div>

<div class=newsTextDataWrapInner><p>The contract is scheduled to commence immediately and is expected to be substantially completed by end-2019.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Muhibbah said the contract is expected to contribute positively to its earnings and net assets for the current and future financial years.</p></div>

<div class=newsTextDataWrapInner><p>Shares in Muhibbah settled unchanged at RM2.76 today, valuing the group at RM1.33 billion.</p></div>


KUALA LUMPUR (Dec 21): Muhibbah Engineering (M) Bhd has been awarded a RM189 million work package by Mass Rapid Transit Corp Sdn Bhd for the construction of the MRT Sungai Buloh-Serdang-Putrajaya line, also known as MRT2. 

In a filing with the stock exchange, Muhibbah said the grou...

Muhibbah lands MRT2 job worth RM189m

Societe Generale SA equities traders outshone their bond-trading counterparts for a fourth straight quarter, with revenue from the unit helping the French bank beat estimates for profit in the three months through March.

Societe Generale profit beats estimates as equities help lift results 

Oil prices edged up on Friday on the prospect of Opec+ continuing output cuts, but the crude benchmarks were headed for the steepest weekly losses in three months on demand uncertainty and easing tensions in the Middle East reducing supply risks.

Oil prices set for steepest weekly drop in three months

SVB Financial Group, the former parent company of Silicon Valley Bank, said it reached a deal to sell its venture capital unit to a newly created affiliate of Pinegrove Capital Partners.

SVB Financial to sell venture capital business to Pinegrove

Money is pouring into Taiwan exchange-traded funds as investors scramble for exposure to the artificial intelligence supply chain, raising analyst and regulator caution just as a rally in the sector has turned fickle and volatile.

Investors flood into Taiwan ETFs on AI boom, unnerving some

Thailand's headline inflation rate rose for the first time in seven months in April but remained below the central bank's target range of 1% to 3% for a 12th consecutive month, data showed on Friday.

Thai inflation rate positive in April, still below central bank target

US job growth probably slowed to a still-solid clip in April, with wages maintaining their steady rise, which would allay fears that the economy was stalling after activity pulled back considerably in the first quarter.

Solid US job, wage growth expected in April

Top Australian investment bank Macquarie Group reported its annual profit fell by a third, the sharpest decline in 15 years, as stabilising energy markets hammered its commodities trading unit and it made less money selling green energy assets.

Australia's Macquarie sees biggest profit dip in 15 years on commodities downturn

Hong Kong's securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on Thursday.

Hong Kong regulator brings insider trading charges against Segantii, founder

Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.

Ajinomoto Malaysia surges to highest in nearly six years

Recently, the Court of Appeal ruled that it is mandatory to refer an employee’s dismissal complaint to the Industrial Court if the director-general of industrial relations (DGIR) cannot resolve the matter.

Prior to the amendments to the Industrial Relations Act 1967 (IRA 1967), the DGIR...

My Say: What employers must ensure, now that all dismissal complaints must be referred to the Industrial Court

<p>Shares of Ajinomoto (Malaysia) Bhd surged to their highest in nearly six years after the food and seasoning company announced the ex-date for its special dividend.</p>


<p>Malaysia’s planned increase in civil servant salaries will boost earnings of RCE Capital Bhd, which mainly provides consumer financing to government employees, Maybank Investment Bank (Maybank IB) said and upgraded the stock to ‘buy’.</p>


Higher civil servant salaries will boost RCE Capital's earnings, says Maybank IB

<p>KUALA LUMPUR (May 3): Digital Nasional Bhd (DNB) will hold a meeting next week to review due diligence findings on the 5G network rollout, Digital Minister Gobind Singh Deo said on Friday.</p>


Digital Nasional to meet next week to discuss due diligence on 5G network — minister

<p>Asian stocks rallied on Friday after Apple's record US$110 billion (RM523.15 billion) share buyback plan lifted the tech sector, while the yen put more distance from recent 34-year lows to cap a tumultuous week that saw suspected interventions from Tokyo.</p>


Asian stocks surge on tech boost; yen extends gains to cap wild week

<p>The rally in tech heavyweights extended into late hours after better-than-estimated results from&nbsp;Apple Inc, with the iPhone maker also raising its dividend and announcing plans to buy back more stock.</p>


Tech jumps in late hours on Apple’s solid outlook

<p>Türkiye&nbsp;stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing a "worsening humanitarian tragedy" in the Palestinian territories.</p>


Türkiye halts all trade with Israel, cites worsening Palestinian situation

<p>Hong Kong stocks are on their longest-winning streak since 2018, adding to signs that a recovery in one of the worst-performing markets last year is well underway.</p>


Hong Kong stocks are on their longest winning streak since 2018

<p>Apple's quarterly results and forecast beat modest expectations on Thursday, as the iPhone maker unveiled a record share buyback program, sending its stock up almost 7% in extended trade.</p>


Apple unveils record US$110b buyback as results beat low expectations

<p>Frontken Bhd expects a stronger performance in the second half of this year (2HFY2024) after its first quarter results came in within expectations, according to Philip Capital.</p>


Frontken expects stronger performance in 2H — Philip Capital

<p>KUALA LUMPUR (May 3): Engineering firm UUE Holdings Bhd said on Friday that it has signed an agreement with M&amp;A Securities to underwrite its initial public offering (IPO) on the ACE Market.</p>


UUE signs underwriting deal with M&A Securities for ACE Market IPO

<p>Malayan Cement Bhd will likely report strong third quarter earnings when the company reports its results by this month-end, as volume and average selling prices stay high, CGS International said.</p>


Malayan Cement likely to report strong 3Q results, says CGS International

<p>Lotte Chemical Titan Holding Bhd (LC Titan) is expected to face widening core losses in the second quarter ending June 30, 2024 (2QFY2024) from lower sales volume and weak product spread, according to TA Securities.</p>


Lotte Chemical Titan to face widening losses in 2QFY2024 on lower volume, weak product spread, says TA Securities

<p>KUALA LUMPUR (May 3): KL Wellness City Sdn Bhd, through KL International Hospital Sdn Bhd, has launched KL International Tertiary Hospital as part of the first phase of the KL Wellness City township in Bukit Jalil here on Thursday (May 2).</p>


KL Wellness City launches tertiary hospital as part of the township’s first phase

<p>As the latest purchasing managers’ index (PMI) data indicated a softer contraction in Malaysia's manufacturing sector in April, economists are expecting the country's manufacturing condition to gradually recover in the near term, though it remains slightly behind regional peers.</p>


Malaysia's manufacturing sector to recover gradually despite lagging behind regional peers — economists

<p>PUTRAJAYA (May 3): A convenience store in Precinct 3 here was raided by the Ministry of Domestic Trade and Cost of Living on Thursday (May 2), for suspected sale of food products with the words “no palm oil” (NPO) written on the product’s plastic packaging.</p>


Domestic Trade Ministry raids premises selling products with ‘no palm oil’ label

<p>Peloton Interactive Inc shares fell to a record low after chief executive officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.</p>


Peloton tumbles to record low after announcing CEO exit, layoffs

<p>Analysts anticipate continuous growth for Westports Holdings Bhd for the rest of the year on the back of sustained trade activities in the regional economies and multi-year high foreign direct investment (FDI).</p>


Analysts upbeat on Westports’ outlook amid multi-year high FDI

<p>Teen apparel retailer rue21&nbsp;filed for Chapter 11 bankruptcy protection for a third time on Thursday, seeking to shut down its 540 stores and sell its intellectual property.</p>


Apparel retailer rue21 files for third bankruptcy, will close all stores

<p>KUALA LUMPUR (May 3):&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong said it is time for Malaysia&nbsp;to see biomass as the feedstock for new and advanced fuels and&nbsp;other green industries.</p>


Timely for Malaysia to see biomass as feedstock for advance fuels — Liew

<p>RHB Research has downgraded TA Ann Holdings Bhd to "neutral" from "buy", with a reduced target price of RM4.00 from RM4.15, after the stock increased by over 35% in the past year, leading the research firm to believe that the valuation is now fair.</p>
