<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 18): Pestech International Bhd's wholly-owned subsidiary Pestech Technology Sdn Bhd (P-Tech) has inked a memorandum of understanding (MoU) with Permodalan Darul Ta'zim Sdn Bhd (PDT) for a strategic cooperation of power projects in Johor.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, Pestech said the parties intend to collaborate in projects related to the generation, transmission and distribution of electric power sector utilities, industrial, data centre, as well as oil and gas and petrochemicals specifically in Pengerang, Johor.</p></div>

<div class=newsTextDataWrapInner><p>"The parties intend to work together to fulfill the main objectives set out in the MoU, wherein P-Tech would subsequently submit for tender for the projects to the relevant vendors.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"If P-Tech is awarded the projects where PDT and P-Tech worked together for, P-Tech would be legally bound to collaborate with PDT on those projects," it said.</p></div>

<div class=newsTextDataWrapInner><p>Under the terms of the MoU, the parties intend to enter into a formal agreement within a one-year period from the date of the MoU on May 10, 2016, which will set out the terms and conditions for the implementation of the projects.</p></div>

<div class=newsTextDataWrapInner><p>Pestech, which is in the business of industrial electric power contracting services, saw its shares close down one sen or 0.15% today to RM6.72, for a market capitalisation of RM1.26 billion.</p></div>

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KUALA LUMPUR (May 18): Pestech International Bhd's wholly-owned subsidiary Pestech Technology Sdn Bhd (P-Tech) has inked a memorandum of understanding (MoU) with Permodalan Darul Ta'zim Sdn Bhd (PDT) for a strategic cooperation of power projects in Johor.

In a filing with Bursa Malaysia...

Pestech inks MoU with Permodalan Darul Ta'zim for Johor power projects

Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.

YTL Corp rallies to new all-time high after HLIB flags more upside

KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.

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Vietnamese billionaire Pham Nhat Vuong said on Thursday he planned to invest US$1 billion (RM4.78 billion) more from his own fortune into Nasdaq-listed electric vehicle (EV) maker VinFast, and was considering listings for other companies he controls.

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PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).

Malaysia’s inflation stays at 1.8% in March 2024

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

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KUALA LUMPUR (April 25): The Employees Provident Fund (EPF) members, who are below 55 years old, will have an Account 3, in addition to the existing two accounts for their retirement savings, starting May 11.

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<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


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<p>PUTRAJAYA ( April 25): Malaysia’s inflation stayed at 1.8% in March 2024 from a month ago, according to the Department of Statistics Malaysia (DOSM).</p>
