<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 9): Engineering services company AWC Bhd has entered into a memorandum of understanding (MOU) with an Indonesian company to jointly explore investment opportunities in renewable and green energy in Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>The Indonesian company, PT Bintang Timur Investama, is engaged in consulting, financing and investments in that country with an issued and paid-up share capital of US$5 million (RM21.88 million).</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing, AWC said the MOU was valid for 12 months, and that it was among the MOUs witnessed by Prime Minister Datuk Seri Anwar Ibrahim in Indonesia on Sunday (Jan 8).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The MOU is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of AWC for the financial year ending June 30, 2023,” said AWC.</p></div>

<div class=newsTextDataWrapInner><p>Shares of AWC settled 1.5 sen or 3.16% higher at 49 sen on Monday, valuing the group at RM156.37 million.</p></div>

<div class=newsTextDataWrapInner><p><em>Read more:<br />
<a href="https://www.theedgemarkets.com/node/650928" target="_blank">Anwar witnesses exchange of several MOUs, LOIs in maiden visit as PM to Jakarta</a></em></p></div>


Engineering services company AWC Bhd has entered into a memorandum of understanding (MOU) with an Indonesian company to jointly explore investment opportunities in renewable and green energy in Malaysia.

AWC enters MOU with Indonesian investment firm for green energy opportunities in Malaysia

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Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering & Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.

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President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.

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On May 1, Leow Thang Fong took over as CEO of South Malaysia Industries Bhd (SMI).

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Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.

Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.

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Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.

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Shares of Fraser & Neave Holdings Bhd (F&N) surged to their highest in five years as better-than-expected results buoyed investors' optimism while analysts maintained their calls following a briefing.

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<p>The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.</p>


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<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


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<p>Shares of Fraser &amp; Neave Holdings Bhd (F&amp;N) surged to their highest in five years as better-than-expected results buoyed investors' optimism while analysts maintained their calls following a briefing.</p>


<p>Across much of the developed world, one of the most dependable drivers of economic growth is faltering.</p>

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<p>In an alert last Thursday, the commission said the following persons/entities were added to the list:</p>


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<p>The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.</p>


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<p>Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by US media outlets.</p>


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<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

<p>Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.</p>


<p>Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


<p>Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.</p>


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<p>President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.</p>


<p>Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.</p>


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<p>Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California (USC) without making arrests on Sunday following turmoil at universities across the US over the Israel-Hamas war.</p>


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<p>Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.</p>


<p>Brighton &amp; Hove Albion snapped a six-match winless run in the Premier League when they beat Aston Villa 1-0 at home on Sunday after Joao Pedro scored an 87th-minute winner in a scrappy affair.</p>


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<p>Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.</p>
