<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 8): Shares in Muhibbah Engineering (M) Bhd rose 5.49% after a consortium led by the oil and gas services provider secured a RM322 million contract from Petronas Carigali Sdn Bhd, the exploration arm of Petroliam Nasional Bhd (Petronas), in relation to the Gansar project located 190km from Terengganu’s shores.</div>

<div class=newsTextDataWrapInner>At 9.21am, Muhibbah gained 2.5 sen to 48 sen with 1.68 million shares traded.</div>

<div class=newsTextDataWrapInner>The job involves the provision of engineering, procurement, construction, commissioning and installation — also known as EPCC+I — of a light weight structure for Duyong brownfield modification and host tie-in.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The 22-month contract is expected to positively contribute to Muhibbah's earnings and net assets for the current and future financial years.</div>

Shares in Muhibbah Engineering (M) Bhd rose 5.49% after a consortium led by the oil and gas services provider secured a RM322 million contract from Petronas Carigali Sdn Bhd, the exploration arm of Petroliam Nasional Bhd (Petronas), in relation to the Gansar project located 190km from Terengganu’s shores.

Muhibbah rises 5.5% after consortium lands Petronas Carigali contract

(April 25): Goldman Sachs Group Inc plans to hire “steadily” in Asia to cater to the growing number of family offices and super-rich in the region, The Straits Times reported on Thursday.

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SK Hynix Inc said it expects a full recovery in the memory market, led by surging artificial intelligence (AI)-related demand, and lifted its capital spending plans.

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KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

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Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.

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Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

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(April 24): Some of the world's largest solar equipment makers asked President Joe Biden's administration on Wednesday to impose tariffs on panels and cells from four Asian countries, to protect billions of dollars in investments in US manufacturing.

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Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

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KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).

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Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

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Eden Inc Bhd’s major shareholder Tan Sri Abd Rahim Mohamad is proposing to settle a RM45.65 million debt his company owes Eden by transferring the ownership of a 2.4 million sq ft (about 55 acres) leasehold land to the listed entity.

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A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.

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A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

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Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Binance co-founder Changpeng Zhao is facing up to three years in prison, if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

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TikTok's chief executive said on Wednesday that the company expects to win a legal challenge to block legislation signed into law by President Joe Biden that he said would ban the popular short video app used by 170 million Americans.

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Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

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KUALA LUMPUR (April 25): YTL Corp Bhd, whose share price has surged over 42% year to date, “remains undervalued”, though there is a strong potential upside for the utilities-to-resorts conglomerate, said Hong Leong Investment Bank Bhd (HLIB).

Benchmark S&amp;P 500 closed higher in choppy trading on Wednesday, as investors weighed an uptick in Treasury yields amid positive corporate results particularly from technology giants.

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CapitaLand Malaysia Trust (CLMT) reported a 63% in its first quarter net property income to RM63.98 million from RM39.24 million a year ago, driven by full quarter revenue contribution from Queensbay Mall, higher occupancies and positive rental reversions.

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KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

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Mega First shares likely peaked; Maybank IB the first to downgrade stock

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

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RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

Asian stocks fell on Thursday as disappointing earnings forecasts from Facebook parent Meta Platforms hammered tech shares, while the yen's slump past 155 per dollar for the first time since 1990 raised the spectre of intervention from Tokyo.

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

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Visa Inc recently reported impressive fiscal second quarter 2024 results, with net revenue increasing by 10% and payments volume growing by 8%.

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Venice becomes the first city in the world on Thursday to introduce a payment system for tourists in an effort to thin the crowds that throng the canals during the peak holiday season.

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Mark Zuckerberg is asking for investors to stay patient. Again.

After Meta Platforms Inc revealed that it will spend billions of dollars more than expected this year — fueled by investments in artificial intelligence — the company’s chief executive officer did his best to soothe Wall Street.