<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 7): Ipmuda Bhd’s share price hit limit-up in afternoon trade&nbsp;today after rising 30 sen or 102% to 59.5 sen following the company’s announcement last Friday that its wholly-owned subsidiary Ipmuda Rensol Sdn Bhd executed an RM78 million engineering, procurement, construction and commissioning (EPCC) contract for the planned construction of a solar-based electricity generation facility in Marang, Terengganu.</p></div>

<div class=newsTextDataWrapInner><p>As at 3.32pm today, Ipmuda had seen some two million shares traded. The stock was among Bursa Malaysia's top gainers.</p></div>

<div class=newsTextDataWrapInner><p>At 59.5 sen, Ipmuda was valued at some RM43.12 million.&nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Last Friday, Ipmuda said Ipmuda Rensol had executed the EPCC contract with Coara Marang Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>Ipmuda said the latest commencement date of the project is Nov 15, 2020, while the commercial operation date falls on Nov 1, 2021.</p></div>


Ipmuda Bhd’s share price hit limit-up in afternoon trade today after rising 30 sen or 102% to 59.5 sen following the company’s announcement last Friday that its wholly-owned subsidiary Ipmuda Rensol Sdn Bhd executed an RM78 million engineering, procurement, construction and commissioning (EPCC) contract for the planned construction of a solar-based electricity generation facility in Marang, Terengganu.

Ipmuda hits limit-up after announcing solar power contract win

Former Penang chief minister Lim Guan Eng’s undersea tunnel graft trial on Thursday did not proceed as scheduled because star witness Datuk Zarul Ahmad Mohd Zulkifli is down with vertigo.

Guan Eng's undersea tunnel trial deferred for the day, no warrant of arrest on Zarul Ahmad

Feytech Holdings Bhd looks to raise some RM201.6 million from its initial public offering (IPO) on the Main Market of Bursa Malaysia through the issuance of 252.94 million new shares, with about 43% via offer for sale by existing shareholders, at 80 sen per share.

Feytech Holdings aims to raise over RM201 mil from Main Market IPO at 80 sen apiece 

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.

Microsoft to invest US$2.2b in Malaysia over next four years on cloud, AI

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.

Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

Malaysia's air passenger traffic saw a significant increase year-on-year (y-o-y) in the first quarter of 2024 (1Q2024), rising 16.1% to 22.6 million passengers, nearing pre-pandemic levels, according to the Malaysian Aviation Commission (Mavcom).

Malaysia's air passenger traffic rose 16.1% in 1Q2024, nearing pre-pandemic levels — Mavcom

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

NEWS: Matrix Concepts unveils phase 2 of Resort Villa

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.

New York police arrests over 300 protesters in crackdown on college campuses

Oil and gas exploration and production outfit Hibiscus Petroleum Bhd is looking to leverage the economic boom in the Tok Bali area (in Kelantan) by using it as one of its operating hubs.

Hibiscus Petroleum looking to leverage local resources, infrastructure in Tok Bali

Since the onset of the Covid-19 pandemic, the developing world has faced growing public-sector debt vulnerabilities. Interest-rate hikes and limited access to international capital markets have only exacerbated the problem — so much so that even solvent countries are now grappling with liquidity ...

The New Global Economy: The urgency of sovereign-debt restructuring

Back when investment firm New Forests Advisory Pty Ltd was established, sustainably grown timber was not common, and the focus on sustainability and environmental, social and governance factors was not as intense as it is now.

Founded by David Brand in Australia in 2005, the firm offere...

Investing: Sustainable forestry now an asset class

<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>


Apex Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 42 sen

<p>US stocks closed mixed on Wednesday after the Federal Reserve (Fed) left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured.</p>


S&P 500, Nasdaq end lower after Fed rate decision, Powell press conference

<p>Elon Musk’s latest cost-cutting victims: Summer interns.</p>

<p>Tesla Inc is rescinding offers just weeks before internships were set to start, prompting aspiring employees to take to LinkedIn to appeal to other employers to take them in.</p>


Tesla interns say offers are getting revoked weeks before their start date

<p>Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.</p>


Bursa Malaysia climbs to over three-year high after above-view 1Q

<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>


Duopharma Biotech surges over 9% after RM578m contract news

<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>


Luno launches two new digital assets

<p>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.</p>


<p>Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.</p>

<p>In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.</p>


Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

<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>


Stocks, dollar decline after Fed holds rates steady

<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>


Bond markets face struggle to surf 'Treasury tsunami'

<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>


<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>


DBS CEO Gupta sees another record year after posting better than expected 1Q earnings 

<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>


Google’s payments to Apple reached US$20b in 2022, antitrust court documents show

<p>Apple's plan to add generative artificial intelligence (AI) to its iPhones and revive sagging sales in the crucial Chinese market will be in focus on Thursday, when the tech giant is expected to report its biggest quarterly revenue decline in more than a year.</p>


Apple set for big sales decline as investors await AI in iPhones

<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>


Dassault Aviation's MRO unit ExecuJet expands in Malaysia with new facility at Subang Airport

<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>


Starbucks shares hit two-year low as China, US demand clouds outlook

<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>


Fed leaves rates unchanged, flags 'lack of further progress' on inflation

<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>


US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

<p>Over the last two years, Wall Street has convinced cautious equity investors to send billions of dollars into exchange-traded funds (ETFs) that use options to goose yields.</p>


Bank of America sounds warning on options-ETF boom as day traders plunge in

<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>
