<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 30): Salcon Bhd has secured a 20-month work order for a mixed development at Jalan Segambut here. The contract is worth RM18.95 million from China State Construction Engineering (M) Sdn Bhd (CSCE).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, Salcon said its 60%-owned subsidiary Envitech Sdn Bhd accepted the work order yesterday (Jan 29), which involves the construction of two blocks of service apartments, one 53 storeys and the other 55 storeys, their facilities, one guard house, and one unit of electrical substation.</p></div>

<div class=newsTextDataWrapInner><p>Salcon's stake in Envitech is held via wholly-owned subsidiary Salcon Engineering Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Salcon said the commencement date will be advised by CSCE at a later date, and that the contract is expected to contribute positively to its earnings for the financial years ending Dec 31, 2018 (FY18) and FY19.</p></div>

<div class=newsTextDataWrapInner><p>Salcon’s shares slipped one sen or 2.1% to close at 46.5 sen today, giving it a market capitalisation of RM316.61 million.</p></div>


KUALA LUMPUR (Jan 30): Salcon Bhd has secured a 20-month work order for a mixed development at Jalan Segambut here. The contract is worth RM18.95 million from China State Construction Engineering (M) Sdn Bhd (CSCE).

In a filing with Bursa Malaysia, Salcon said its 60%-owned subsidiary E...

Salcon gets RM19m mixed development contract

Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the US, the world's biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices.

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Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

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Matrix Concepts has unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban.

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Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Kumpulan Ikram Sdn Bhd that owns the Infrastructure University Kuala Lumpur.

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US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

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Feytech Holdings Bhd looks to raise some RM201.6 million from its initial public offering (IPO) on the Main Market of Bursa Malaysia, by issuing 252.94 million shares at 80 sen apiece.

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Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue.

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Food ingredients supplier Agricore CS Holdings Bhd said on Thursday it has signed an agreement with M&A Securities to underwrite its initial public offering (IPO) on the ACE Market.

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<p>Apex Securities Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value of 42 sen by pegging financial year 2025 (FY2025) forecast core earnings per share of 3.2 sen to price-earnings (PE) of 13 times (75% potential upside from IPO price).</p>


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<p>Elon Musk’s latest cost-cutting victims: Summer interns.</p>

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<p>Shares of Duopharma Biotech Bhd surged more than 9% during early trade on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.</p>


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<p>Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).</p>


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<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

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<p>Feytech Holdings Bhd looks to raise some RM201.6 million from its initial public offering (IPO) on the Main Market of Bursa Malaysia, by issuing 252.94 million shares at 80 sen apiece.</p>


<p>A gauge of global stocks fell on Wednesday while the dollar weakened against a basket of peers after the Federal Reserve (Fed) left interest rates unchanged and indicated it is still leaning toward eventual rate cuts.</p>


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<p>Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;</p>


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<p>Governments rarely correct deteriorating public finances until they meet some form of debt market disturbance, but the retreat of central banks from sovereign bond markets may eventually set the scene for a showdown.</p>


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<p>DBS Group Holdings Ltd’s chief executive officer Piyush Gupta expects another year of record profit after Singapore’s biggest lender delivered better-than-expected results thanks to strong lending and wealth fees.</p>


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<p>The US Federal Reserve (Fed) held interest rates steady on Wednesday and signalled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.</p>


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<p>The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told <em>Reuters </em>on Wednesday.</p>


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<p>Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue.</p>


<p>ExecuJet MRO Services Malaysia, a subsidiary of luxury business aircraft maker Dassault Aviation, inaugurated its new maintenance, repair and overhaul (MRO) facility at Subang Airport on Thursday.</p>


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<p>Alphabet Inc paid Apple Inc US$20 billion (RM95.45 billion) in 2022 for Google to be the default search engine in the Safari browser, according to newly unsealed court documents in the Justice Department’s antitrust lawsuit against Google.</p>


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<p>Shares of Starbucks fell 15% to their lowest in nearly two years on Wednesday, after the coffee chain cut annual forecasts on persistent weak demand from inflation-weary US customers and a slower-than-expected economic recovery in China.</p>


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<p>New York police officers arrested almost 300 people as they broke up escalating pro-Palestinian protests at two colleges amid an outpouring of anger over the Israel-Hamas war.</p>
