UUE Holdings Bhd's subsidiary, Kum Fatt Engineering Sdn Bhd has bagged two contracts with a sum of RM26.94 million for the installation, testing and commissioning of 11 kilovolt (kV) underground cables and accessories.
In its filing with Bursa Malaysia today, the company said its subsidiary has received letters of award (LoA) in respect of the contracts from Komasi Engineering Sdn Bhd and Sutera Utama Sdn Bhd.
It said the commencement date ...

Awanbiru Technology Bhd's (Awantec) subsidiary, Awantec Systems Sdn Bhd (ASSB) has secured a contract valued at RM25.7 million from the Ministry of Education (MOE).
In a filing with the bourse, Awantec said ASSB will provide cloud-based solutions, including Google Workspace for Education and Google Cloud Platform, to all MOE schools.
The contract will commence on July 9, and will last for 36 months until July 8, 2027.
Awantec...

Kawan Renergy Bhd's wholly-owned subsidiary Kawan Engineering Sdn Bhd (KESB) has secured a RM11.8mil contract for fabrication works at the Malaysia site of Chemical Industries (Malaysia) Sdn Bhd.
In a filing with Bursa Malaysia, the group said KESB will be providing fabrication and installation works for the conversion of molasses to corn as raw material for a bio ethanol production plant.
The works under the contract are expected to commence...

Shares of Nestcon Bhd (KL:NESTCON) rose to its highest in 15 months after the construction engineering firm announced that it has bagged two contracts worth a total of RM165.56 million.
Nestcon rose as much as 8.3% or 3.5 sen to 45.5 sen, its highest since February 2023. The stock was trading at 44.5 sen at 9.50am, still up by 2.5 sen or 5.95%, valuing the company at RM315.15 million on Bursa Malaysia. Trading volume totalled 1.22 million ...

Jati Tinggi Group Bhd (KL:JTGROUP) announced on Thursday that its 30% joint venture (JV) company has secured a RM25.55 million contract from Tenaga Nasional Bhd (KL:TENAGA) to install a 132kV underground double circuit cable for a semiconductor factory in Kuala Lumpur.
The contract period is for a year from May 31, said Jati Tinggi, which provides engineering services and solutions for underground and overhead utilities.
According to the group...

Petronas Gas Bhd (KL:PETGAS), which operates Malaysia’s largest pipeline network, said on Wednesday that its net profit for the first quarter ended March 31, 2024 (1QFY2024) rose 7.7% from a year earlier, as lower input prices offset a decline in revenue.
Quarterly net profit stood at RM456.65 million, versus RM424.18 million for 1QFY2023, PetGas said in an exchange filing. Revenue, meanwhile, slipped 3.4% year-on-year to RM1.62 billion from R...

YTL Corporation Berhad had a notable increase in net profit, rising by 186 per cent to RM2.8 billion for the nine months ended March 31, 2024 (9M FY24) from RM979.7 million for the same period last year.
Revenue for the period saw a growth of 9.0 per cent, reaching RM22.26 billion, up from RM20.41 billion in the nine months ended March 31, 2023 (9M FY23).
The group's EBITDA (earnings before interest, tax, depreciation, and amortisation) inc...

Did you grow up surrounded by the joy of cartoons? If so, you have experienced the magic of 2D animation.
For many of us, cartoons provided endless entertainment. However, behind these animations lies a vast business encompassing advertising, promotions, and copyrights.
Creating animations is a complex process that includes pre-production, production, and post-production stages.
Pre-production involves conceptualising the storyline, writing scripts wi...

The MoU was signed by Orhan Abbas, senior vice president, commercial operations, Far East and Datuk, Yasmin Mahmood, chairman of Tourism Malaysia in the presence of Nabil Sultan, Emirates Executive vice president, passenger sales & country management
Emirates and Tourism Malaysia will work to promote tourism and boost visitor traffic into Malaysia from the airline’s global network. 
Through the strategic agreement, both parties will e...

As 2023 unfolded, the global hospitality industry showcased commendable resilience, achieving full recovery in key performance metrics like Revenue per Available Room (RevPAR). By November, regions such as the Middle East, Europe, and the Americas had RevPAR soaring between 94% and 121% of the levels seen in 2019, signalling a robust resurgence across the sector. The Asia Pacific region, although trailing slightly...