<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 11): MISC Bhd shares rose 4.60% this morning after the shipping group secured two time charter parties (TCPs) from ExxonMobil Corp with an estimated combined value of US$711 million.</p></div>

<div class=newsTextDataWrapInner><p>At 9.17am, MISC rose 37 sen to RM8.14 for a market capitalisation of RM37.54 billion.</p></div>

<div class=newsTextDataWrapInner><p>MISC’s vessel-owning entities, namely Polaris LNG One Pte Ltd (Polaris 1) and Polaris LNG Two Pte Ltd (Polaris 2), have signed the TCPs with ExxonMobil's unit SeaRiver Maritime LLC for the time charter of two newbuild liquefied natural gas carriers for operations in international waters.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The vessels, which will be chartered by SeaRiver for a firm period of 15 years are expected to commence in the first quarter of 2023.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, MIDF Amanah Bank Bhd Research maintained its “Neutral” rating on MISC at RM8.04 with a higher target price of RM8.35 (from RM7.99) and said it expects more contracts especially for the offshore segment to be awarded from October 2019 onwards.</p></div>

<div class=newsTextDataWrapInner><p>“We note that the latest contract reiterates MISC’s efforts to solidify its LNG business in preparation for the high sea-borne demand of LNG especially from North Asia namely Japan and China which are shifting more towards LG rather than coal for power generation and heating,” it said.</p></div>

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KUALA LUMPUR (Oct 11): MISC Bhd shares rose 4.60% this morning after the shipping group secured two time charter parties (TCPs) from ExxonMobil Corp with an estimated combined value of US$711 million.

At 9.17am, MISC rose 37 sen to RM8.14 for a market capitalisation of RM37.54 billion.<...

MISC up 4.60% on securing ExxonMobil time charter parties

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BEIJING (April 25): The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack tech...

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The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Property values in London's Canary Wharf financial district fell by €1.2 billion (US$1.5 billion) over the past year, led by a decline in the value of its office buildings, the landlord said in annual results published on Thursday.

London's Canary Wharf sees US$1.5 bil slashed from property values

Top Amazon.com Inc executives including founder Jeff Bezos and chief executive officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission (FTC) alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.

Amazon’s Bezos, Jassy deleted chats amid FTC antitrust probe

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

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The first ICCA Association Impact Masterclass kicked off in Kuching on Friday with 24 Malaysian and international association leaders in line to be awarded the “Association Impact Leadership” Certificate.

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The global legal technology market has grown significantly in recent years and generative AI (GenAI) will accelerate this growth, with the market reaching US$50 billion (RM238.88 billion) in value by 2027, according to Gartner Inc.

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Shares of Meta Platforms sank 13% on Thursday, sparking a selloff in big technology stocks after the social media firm signalled its costly bet on artificial intelligence (AI) could take years to pay off.

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


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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<p>Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.</p>


Harvey Weinstein's rape conviction overturned by top New York court

<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


SC adds four entities to Investor Alert List, two being potential clones

<p>EUPE Corp Bhd's net profit surged by 28.9% to RM14.54 million in the fourth quarter ended Feb 29, 2024 (4QFY2024) from RM11.28 million a year ago, underpinned by a higher contribution from the property development division.</p>


EUPE Corp net profit surges 28.9% in 4Q, driven by strong property sales

<p>Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.</p>


PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>


Vitrox shares on pace for worst day in 18 months as 1Q disappoints

<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


Tesla fires back at investor who doesn’t want pay fight in Texas

<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


Trump advisers discuss penalties for nations that move away from the dollar

<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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<p>Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).</p>


<p>China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.</p>


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<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


<p>Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.</p>


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<p>One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other — Sunday's short trip to arch-rivals Tottenham Hotspur.</p>


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<p>The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.</p>
