<div class=newsTextDataWrapInner><p>KUALA LUMPUR: WZ Satu Bhd has bagged a RM121.5 million contract related to earthworks and infrastructure works for Kedah Rubber City (KRC) Phase 1 (Package 1) in Padang Terap, Kedah for the Northern Corridor Implementation Authority.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, the group said its wholly-owned subsidiary WZS BinaRaya Sdn Bhd had accepted the award for earthworks and infrastructure works for KRC Phase 1 (Package 1). The project is slated to commence on Dec 2 and to be completed by Dec 2, 2021.</p></div>

<div class=newsTextDataWrapInner><p>“WZS BinaRaya’s scope of works covers earthworks, infrastructure works, [a] reservoir tank, bridge works and street lighting services,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The award is expected to contribute positively to the group’s future earnings and net assets per share for financial years ending Aug 31, 2020 to 2022,” it added.</p></div>


KUALA LUMPUR: WZ Satu Bhd has bagged a RM121.5 million contract related to earthworks and infrastructure works for Kedah Rubber City (KRC) Phase 1 (Package 1) in Padang Terap, Kedah for the Northern Corridor Implementation Authority.

In a filing with Bursa Malaysia yesterday, the group ...

WZ Satu bags RM121.5m construction job for Kedah Rubber City

Norway’s US$1.6 trillion (RM7.65 trillion) sovereign wealth fund underperformed its benchmark in the first quarter, with returns coming up short for a second consecutive report.

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China's former deputy central bank governor, Fan Yifei, was charged with illegally accepting property totalling more than 386 million yuan (US$53.32 million or RM253.02 million), directly or through his relations, China's state television CCTV reported on Thursday.

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The Farmers' Organisation Authority (LPP) will apply for an additional quota of local white rice if the existing allocation is insufficient to overcome the shortage in the market, said its director general  Datuk Azulita Salim.

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(April 18): The world’s largest crypto exchange Binance has converted the entire pool of assets held in an emergency fund for users into USDC, the stablecoin issued by US firm Circle Internet Financial.

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Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

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Perikatan Nasional (PN) has welcomed the government's decision to allocate funds to elected representatives from the opposition.

Opposition Leader Datuk Seri Hamzah Zainudin, in a statement on Thursday, however, said that PN will decide on the matter after perusing the terms of the draft memorandum of understanding (MOU) being prepared by the government.

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Two German-Russian nationals have been arrested in Germany on suspicion of plotting sabotage attacks, including on US military facilities, in an effort to undermine military support for Ukraine, officials said on Thursday.

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Finance Minister II Datuk Seri Amir Hamzah Azizan held a bilateral discussion with Indonesia’s Finance Minister Sri Mulyani Indrawati in Washington, the US, including on Islamic finance and the halal industry.

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Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy.

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JAKARTA (April 18): China and Indonesia have pledged to strengthen economic ties and maintain peace and stability in the region, China's Foreign Minister Wang Yi said on Thursday, after a meeting with his Indonesian counterpart, Retno Marsudi, in Jakarta.

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<p>Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.</p>


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<p>Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.</p>


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<p>Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.</p>


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<p>Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).</p>


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<p>Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.</p>


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<p>Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.</p>


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<p>The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.</p>


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<p>President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.</p>


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<p>KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.</p>


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<p>Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.</p>


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<p>Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.</p>


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<p>KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.</p>


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<p>Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.</p>


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<p>Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;</p>


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<p>Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.</p>


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<p>The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.</p>


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<p>Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.</p>
