<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 27): Nova MSC Bhd has won the tender to develop and maintain a Construction and Real Estate Network System 2.0 (CORENET 2.0) in Singapore for S$26.85 million (RM83.2 million).</p></div>

<div class=newsTextDataWrapInner><p>In a filing today, Nova MSC said its subsidiary novaCITYNETS Pte Ltd was awarded the tender by the Singapore Building and Construction Authority .</p></div>

<div class=newsTextDataWrapInner><p>Under the tender, novaCITYNETS will revamp, design, develop, supply, install, test and maintain the network system there.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The contract — from Oct 27, 2017 to Oct 26, 2023 — is expected to contribute to the books of Nova MSC beginning with its financial year ending March 31, 2018.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Nova MSC closed 5.26% or half a sen lower at 9 sen, giving it a market capitalisation of RM61.49 million.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (Oct 27): Nova MSC Bhd has won the tender to develop and maintain a Construction and Real Estate Network System 2.0 (CORENET 2.0) in Singapore for S$26.85 million (RM83.2 million).

In a filing today, Nova MSC said its subsidiary novaCITYNETS Pte Ltd was awarded the tender b...

Nova MSC to build, maintain network system in Singapore for RM83.2m

Nissan Motor Co said full-year operating profit came in at ¥530 billion (RM16.43 billion) — 15% lower than it forecast as recently as February as sales fell short of expectations.

Sales were 3.44 million units, less than the 3.55 million forecast given on Feb 8, the automaker said on Friday.

Nissan full-year profit misses as sales fall short of estimates

(April 19): ANZ Group Holdings Ltd is in discussions with Australian pension funds about investing in India’s infrastructure assets and its debt market, according to a senior bank official.

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(April 19):Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits.

Distributable earnings increased 1% from a year earlier to $1.27 billion, or 98 cents a share, the world’s biggest alterna...

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Shares of IT services firm Infomina Bhd fell on Friday to its lowest in nearly one year as its latest results disappointed investors even as analysts largely remained bullish.

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KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

(April 19): Moody’s Ratings this week gave private credit investors greater reason for concern about credit quality in the flourishing $1.7 trillion industry.

The ratings company on Monday reduced its outlook for direct lending funds managed respectively by BlackRock Inc., KKR & Co....

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MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.

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WASHINGTON (April 18): The International Monetary Fund urged Asian central banks on Thursday to focus on domestic inflation and avoid tying their policy decisions too closely to anticipated moves by the U.S. Federal Reserve.

Receding expectations for a near-term interest cut by the U.S....

IMF tells Asian central banks not to follow Fed too closely

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

Indonesia said fiscal and monetary policies are in sync to cushion the economy from the rising dollar, demonstrating an all-hands-on-deck approach, with the central bank signalling they’re intervening more actively to aid the rupiah.

Indonesia takes steps to shield economy from strong dollar

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

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<p>The oil-rich Malaysian state of Sarawak in Borneo is aiming to transform itself into a centre for clean hydrogen energy, betting that its ability to harness an abundance of hydropower can help it defy challenges that are clouding the fuel’s prospects elsewhere.</p>


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<p>Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.</p>


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<p>Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict.</p>


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<p>Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.</p>


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<p>The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).</p>


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<p>MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;</p>


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<p>The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.</p>


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<p>RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.</p>


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<p>Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.</p>

<p>According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.</p>
