<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 16): Shares in WZ Satu Bhd rose 25% at mid-morning today after it secured a contract worth RM243.44 million for the provision of engineering, procurement, construction, and commissioning of effluent management at source project.</p></div>

<div class=newsTextDataWrapInner><p>At 10.16am, WZ Satu rose four sen to 20 sen with 5.41 million shares traded. The stock had earlier risen to 21.5 sen.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, the company said its wholly-owned subsidiary as the consortium partner, together with the consortium leader HRSB Holdings Sdn Bhd, has accepted the letter of award for the RM243.44 million contract from Malaysia Refining Company Sdn Bhd (MRCSB) on Tuesday (April 13).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The 27-month contract is targeted to be completed by June 30, 2023, WZ Satu said.</p></div>

<div class=newsTextDataWrapInner><p>It expects the project to contribute to its future earnings and net assets per share for the financial year ending Dec 31, 2021 (FY21) to FY23.</p></div>


Shares in WZ Satu Bhd rose 25% at mid-morning today after it secured a contract worth RM243.44 million for the provision of engineering, procurement, construction, and commissioning of effluent management at source project.

WZ Satu rises 25% on securing RM243m contract

General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

LPI Capital's 1Q net profit surges 37% on lower reinsurance expenses, higher investment income

BEIJING (April 29): Copper prices moved higher on Monday, driven by dwindling raw material supply and investors' focus on a potential BHP Group-Anglo American deal that would make the world's largest copper miner.

Copper trends higher on tight supply; BHP-Anglo American deal in focus

So, what can be wrong with the unity government?

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US-based B Capital may set up an office locally, enabling it to become a direct investor in companies based in Malaysia, according to its co-founder and co-CEO Raj Ganguly.

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BEIJING (April 29): The chairman of Chinese battery giant CATL Robin Zeng visited Elon Musk's hotel in Beijing on Monday, a day after the Tesla CEO's surprise arrival on a trip expected to involve talks on the rollout of self-driving software.

CATL boss visits Elon Musk's Beijing hotel on Tesla CEO's surprise trip

OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.

OpenSys expects revenue boost from machine replacements

OSLO (April 29): Norway's US$1.6 trillion sovereign wealth fund, one of the world's largest investors, will support HSBC's proposed bonus policy change for so-called material risk takers (MRTs), the Norwegian fund manager's updated voting intentions showed on Monday.

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The business reorganisation plan announced last week by the two friends and business partners — Tan Sri Tony Fernandes and Datuk Kamarudin Meranun — is the final piece of the jigsaw to get the group of companies they control back on a stronger footing, at least in the restructuring of their balance sheet.

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The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.

Japan's yen jumps against the dollar on suspected intervention 

Asian emerging market currencies were subdued on Monday after inflation data in the US further dimmed the prospects of interest rate cuts soon, with all eyes on the Federal Reserve's (Fed) policy meeting later in the week.

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<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>


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<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

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

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<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>


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<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>


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<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>


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<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 

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<p>The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to boost the currency that is languishing near 34-year lows.</p>


<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>RIYADH (April 28): The Asean-Gulf Cooperation Council (Asean-GCC) should find mechanisms to advance trade, investments, collaboration and research, said Malaysian Prime Minister Datuk Seri Anwar Ibrahim.</p>


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<p>Once renowned as avid overseas tourists, the Japanese are staying closer to home these days.</p>


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<p>Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion (RM10.8 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period.</p>


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<p>L’Occitane International SA’s billionaire owner Reinold Geiger is close to making an offer to take the skin-care company private, according to people familiar with the matter, in a deal that could value the firm at about US$7 billion (RM33.4 billion) including debt.</p>
