<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 11): KKB Engineering Bhd has received&nbsp;two contracts worth RM351.7 million, consisting of an engineering, procurement and construction (EPC) contract and a steel pipe&nbsp;purchase order.</p></div>

<div class=newsTextDataWrapInner><p>In a bourse filing on Wednesday (Jan 11), KKB said that its subsidiary OceanMight Sdn Bhd had received a letter of award from Sarawak Shell Bhd (SSB), with limited notice to proceed for the provision of EPC of standard wellhead platforms for the MLNG FaS (F27, F22 and Selasih) gas field development.</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, it said that its subsidiary company&nbsp;KKB Industries (Sabah) Sdn Bhd&nbsp;had also received a purchase order&nbsp;from Seri Ghanimi Contractor Sdn Bhd (SGC) for the supply of mild steel concrete lined pipes.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It said the estimated combined total contract sum for the contract and order&nbsp;is about RM351.7 million.</p></div>

<div class=newsTextDataWrapInner><p>The SSB contract is effective from December 2022 until completion of work, whereas the completion period for SGC is scheduled to be nine months.</p></div>

<div class=newsTextDataWrapInner><p>KKB said the projects are expected to contribute positively towards its earnings for the duration of the contract and order.</p></div>


KKB Engineering Bhd has received two contracts worth RM351.7 million, consisting of an engineering, procurement and construction (EPC) contract and a steel pipe purchase order.

KKB Engineering bags jobs worth combined RM351.7m

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.

Yellen counsels caution on currency intervention after yen surge

Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.

Labour mayor wins cap triumphant election run for Starmer

Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.

Paytm appoints new executives as COO resigns

Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

Warren Buffett says taxes may rise to offset widening US deficits

Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker.

Buffett says Berkshire in good hands, lauds Apple despite lowering stake

China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told Reuters on Saturday, as the investor voted against such a move.

Ping An votes against reappointment of HSBC CEO as director — Reuters

Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).

Treasure of Borneo

<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


<p>In the May 6 issues of <i>City &amp; Country</i>, the cover story features Eastern &amp; Oriental Bhd’s (E&amp;O) Andaman Island in Penang. The reclaimed island project is taking shape and will come in two phases. Phase one covers 253 acres, while phase two will cover 507 acres. Reclamation work for phase one started in 2015 and was completed in December 2019. Work on phase two is ongoing, with the entire reclamation exercise set to be completed by December 2028.</p>


Developing community living sustainably

<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


<p>Mathew Ngau Jau is not a fan of hectic city life, though there is certainly something to smile about as he visits Kuala Lumpur this week for a very special recognition at the 19th Boh Cameronian Arts Awards (BCAA).</p>


<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>


<p>The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, <i>Financial Times</i> (FT) reported, citing party insiders.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.</p>
