<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 17): Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has won a contract worth RM1 billion for the central processing platform (CPP) within Petroliam Nasional Bhd’s (Petronas) Bokor Phase 3 re-development project.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia, MHB said its wholly-owned subsidiary Malaysia Marine and Heavy Engineering Sdn Bhd was awarded the Engineering, Procurement, Construction, Installation and Commissioning&nbsp; contract by Petronas Carigali Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>According to MHB, the first steel cut is expected to commence in the third quarter of 2018, with the project scheduled to be completed in the second quarter of 2020.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Upon completion, the new CPP will be installed at Bokor field in Baram Delta, offshore Sarawak, in a water depth of 70m.</p></div>

<div class=newsTextDataWrapInner><p>“This project was awarded after going through a competitive bidding process. Hence, the award of this project is a reflection of MHB’s improved competitiveness, thanks to a number of implemented cost cutting strategies, efficiency initiatives, combined with strong management focus on the heavy engineering business,” the group said.</p></div>

<div class=newsTextDataWrapInner><p>It added that the award is expected to contribute positively towards its future earnings.</p></div>

<div class=newsTextDataWrapInner><p>MHB’s share price settled 1.54% higher at 99 sen today, valuing the group at RM1.58 billion.</p></div>


KUALA LUMPUR (April 17): Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has won a contract worth RM1 billion for the central processing platform (CPP) within Petroliam Nasional Bhd’s (Petronas) Bokor Phase 3 re-development project.

In a filing with Bursa Malaysia, MHB said its...

MHB bags RM1b contract at Petronas’ Bokor field off Sarawak

Permodalan Kedah Bhd (PKB) has inked a memorandum of understanding (MOU) with Royal Eco Train Development, Republic of Korea (RETD Korea), for the Light Rail Transit (LRT) project in Langkawi.

Permodalan Kedah inks MOU with Korean firm for LRT in Langkawi

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

SEPANG (April 29): The Malaysian Aviation Commission (Mavcom) does not expect any further delays to the implementation of the Airport Quality of Services (QoS) Framework at the Kuala Lumpur International Airport (KLIA) beyond this year.

No more delays for full implementation of Airport QoS Framework at KLIA, says Mavcom

The Malaysian Maritime Enforcement Agency (MMEA) is set to receive four new helicopters after the Ministry of Home Affairs (KDN) finalised the acquisition of these aircraft.

KDN finalises acquisition of four helicopters worth RM600 mil for MMEA

Gadang Holdings Bhd has called off its planned acquisition of a 21.08-acre land in Kwasa Damansara — known as R3-1 — for RM114.78 million from Kwasa Development (3) Sdn Bhd (KD3), to be developed into a residential project.

Gadang calls off Kwasa Damansara land buy after failing to get EPU waiver for Bumi equity requirement

Saudi Arabia-based renewable energy giant ACWA Power has expressed interest to invest more than US$10 billion (RM47.64 billion) in Malaysia over a 10-year period, in collaboration with Cypark Resources Bhd.

Saudi-based ACWA Power keen on investing over US$10b in M'sia, in collaboration with Cypark

Tourism industry operators have been urged to comply with the Asean Tourism Standards to raise the quality of service and promote a good tourism image for the country.

Tiong tells operators to comply with Asean Tourism Standards to attract more tourists 

KK Supermart & Superstore Sdn Bhd Group founder and executive chairman Datuk Seri Dr Chai Kee Kan and his wife, Datin Seri Loh Siew Mui, who are facing two counts of intentionally wounding the religious feelings of others over the sale of socks bearing the word 'Allah', will submit a representation to the Attorney General's Chambers (AGC).

'Allah' socks: KK Mart founder, wife to submit representation to AGC

The by-election campaign for the Kuala Kubu Baharu state seat which entered its third day on Monday went smoothly and no untoward incidents were reported so far.

KKB by-election campaign running smoothly — Selangor police

Spain's Prime Minister Pedro Sanchez said on Monday he had decided to continue in office, days after abruptly announcing he was considering his future following the launch of a corruption investigation against his wife.

Spain's prime minister Pedro Sanchez stays on after weighing exit

<p>QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, <em>Nanyang Siang Pau</em> reported, citing information from Google Maps.</p>


Boycott causes over 100 KFC outlets to suspend ops, report says

<p>Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.</p>


Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

<p>Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).</p>


YTL Power, YTL Corp touch new highs

<p>Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.</p>


YNH Property surges 11% to three-week high after default remedy

<p>Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.</p>


Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

<p>KUALA LUMPUR (April 29): Mercury Securities Sdn 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 (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO pr...

Mercury Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 29 sen 

<p>Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.</p>


AAX, Capital A lift off on merger proposal to extend rally

<p>Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.</p>


UOA Development to launch two projects worth RM2.7b by June

<p>SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.</p>

<p>SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

<p>Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<p>TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.</p>


TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

<p>When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.</p>


US ramps up help as countries plan response to China’s bullying

<p>Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.</p>


LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

<p>Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.</p>


Turiya rallies to over three-year high with entry of Mohan Swami, partner

<p>An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.</p>


China firms go 'underground' on Russia payments as banks pull back

<p>After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.</p>


MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

<p>Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.</p>


Japan's yen jumps against the dollar on suspected intervention

<p>The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.</p>
