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Mesiniaga and Heitech Padu hit limit-up

PETALING JAYA: Shares in Mesiniaga Bhd surged to their highest in four years to hit limit-up as investors scooped up the shares after the group said it secured a multi-billion-ringgit contract for high-speed Internet infrastructure.

nvestors buy Mesiniaga shares after it secures EM-IIG project

Singapore to focus on health, infrastructure

SINGAPORE: Singapore’s finance minister said next month’s budget would focus on infrastructure spending, health care for an ageing population, and helping businesses transition to a digital economy.

“We want to be able to continue to invest in education, the health care of our people, and in taking care of the growing number of seniors,” Singapore's Finance Minister Heng Swee Keat said in an interview with Bloomberg Television’s Haslinda Amin on the sidelines of the World Economic Forum meetings in Davos.

Bina Puri gets RM252mil job

PETALING JAYA: Bina Puri Holdings Bhd has received a RM251.53mil contract for sub-contract works at the Gemas-Johor Baru electrified double-tracking project.

In a filing with Bursa Malaysia yesterday, the company said its unit, Bina Puri Builder Sdn Bhd, had accepted a letter of award from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd last week to undertake and complete sub-contract works for the project

O&G counters active on unlikely US rate hike

PETALING JAYA: Oil and gas (O&G) counters were actively traded on a confluence of factors, which included the US Federal Reserve’s (Fed) likelihood of not raising interest rates soon.

On Bursa Malaysia, Bumi Armada Bhd was the most actively traded counter with the stock finishing 0.5 sen lower to 21.5 sen on a volume of 567.1 million shares. It has since recovered from its low of 14 sen on Dec 19, 2018

Eco World generates hope with home ownership campaign

KUALA LUMPUR: With a sales target of RM6bil for the financial years 2019 and 2020, Eco World Development Group Bhd kicked off its Home Ownership Programme with EcoWorld (Hope) yesterday with a signing ceremony with Malaysia’s largest lender by asset size.

Eco World Development Group Bhd chairman Tan Sri Liew Kee Sin, president/CEO Datuk Chang Khim Wah, Maybank MD for real estate ventures group global banking Sally Lye with Maybank Group CEO of global banking Datuk Muzaffar Hisham, after a signing ceremony kicking off the HOPE campaign. - SAM THAM/The Star

Prestariang will not contest cancellation of SKIN project

PETALING JAYA: Prestariang Bhd, whose multi-billion-ringgit border control contract was cancelled by the Pakatan Harapan administration, has confirmed that it does not plan to contest the government’s unilateral move.

The information technology firm told Bursa Malaysia that its subsidiary, Prestariang SKIN Sdn Bhd (PSkin), is currently in discussions with the government on its compensation amount. PSkin, the implementer of the now-revoked RM3.5bil Sistem Kawalan Imigresen Nasional (SKIN) contract, is 70% controlled by Prestariang.

Halal expo targets Japanese market

KUALA LUMPUR: The inaugural Malaysia Halal Expo (MHE) 2019 this week aims to achieve RM50mil in negotiated sales from its three-day event.

Entrepreneur Development Minister Datuk Seri Mohd Redzuan Yusof(pic) said the event is one of the ministry’s continuous efforts to promote Malaysia on the world map.