<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 15): Piling and foundation specialist Econpile Holdings Bhd has bagged a RM21.4 million contract from Allevia Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, it said its wholly-owned subsidiary Econpile (M) Sdn Bhd (EMSB) received a letter of award yesterday dated June 30, 2020.</p></div>

<div class=newsTextDataWrapInner><p>The group said the contract comprises earthworks, piling, pile caps, substructure, elevated road and earthing system works for a development with a 44- and a 40-storey condominium blocks, basement and podium car parks and recreation facilities at Jalan Kiara 4, Batu district, Kuala Lumpur.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The overall duration of the contract is approximately fourteen (14) months and work is expected to commence in July 2020,” said the group.</p></div>

<div class=newsTextDataWrapInner><p>It said the contract is the mainstream business of EMSB and is expected to contribute positively to the revenue and earnings of Econpile for the financial year ending June 30, 2021 (FY21).</p></div>

<div class=newsTextDataWrapInner><p>Shares in Econpile closed 3.88% or 2.5 sen lower at 62 sen, bringing the group's market value to RM829.25 million. It saw 3.17 million shares traded.</p></div>


Piling and foundation specialist Econpile Holdings Bhd has bagged a RM21.4 million contract from Allevia Sdn Bhd.

In a filing with Bursa Malaysia today, it said its wholly-owned subsidiary Econpile (M) Sdn Bhd (EMSB) received a letter of award yesterday dated June 30, 2020.

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KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday.</p>


KLCCP, Suria Capital, Capital A, Calsberg, Hibiscus Petroleum, Chin Hin, OCR, Fajarbaru, I-Bhd, Farm Price, United Plantations, AME REIT, Axis REIT, MyEG

<p>Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.</p>


Eden's major shareholder proposes land transfer to settle RM45.65m debt owed to company

<p>A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.</p>


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<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


How Volvo landed a cheap Chinese EV on US shores in a trade war

<p>Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.</p>


Friends, family, royalty seek mercy for crypto’s richest man

<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


<p>TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.</p>


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<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


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<p>KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).</p>


<p>Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.</p>


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<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


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<p>RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.</p>


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<p>RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.</p>


NationGate is observing technical breakout, says RHB Retail Research 

<p>Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.</p>


<p>Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.</p>


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<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


<p>Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.</p>


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<p>Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.</p>
