<div class=newsTextDataWrapInner>SINGAPORE (Dec 6): Oiltek International has won new contracts worth RM52.5 million from Colombia and Malaysia, bringing its total order book to RM390.6 million.</div>

<div class=newsTextDataWrapInner>This year alone, the company won new contracts worth RM312.5 million, an increase of 59.4% from the preceding FY2022.</div>

<div class=newsTextDataWrapInner>One contract is to design and build facilities in<a href="https://www.theedgesingapore.com/news/contracts/oiltek-wins-rm525-million-worth-new-contracts-colombia-and-malaysia" target="_blank">...(click on link for full story on theedgesingapore.com)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Dec 6): Oiltek International has won new contracts worth RM52.5 million from Colombia and Malaysia, bringing its total order book to RM390.6 million.

Oiltek wins RM52.5 mil worth of new contracts from Malaysia and Columbia

SYDNEY (May 16): Australian employment rose by more than expected in April, data showed on Thursday, but the jobless rate still climbed to a three-month top, as the growth in workforce outpaced job creation.

Australian jobless rate rises in April, erasing risk of rate hike

Ekuiti Nasional Bhd (Ekuinas) is investing RM37 million in local Bumiputera company Mizou Holdings Sdn Bhd, which is mainly involved research and development, sales, distribution and support services of specialised agricultural machinery designed for the upstream palm oil sector.

Ekuinas invests RM37m in industrial machinery developer Mizou

A new vaccine for dengue has received prequalification from the World Health Organization (WHO).

In a statement on Wednesday, the global health agency said TAK-003 is the second dengue vaccine to be prequalified by WHO.

New dengue vaccine gets prequalification from World Health Organization

Companies in the US and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.

US, Canadian companies kick off 2024 with layoffs

Chinese Foreign Minister Wang Yi piled onto his nation’s criticism of the latest US tariffs, calling them “a classic example of bullying.”

China’s top diplomat says US tariffs show loss of ‘sanity’

Australia's central bank warned on Thursday there was no quick fix to the country's housing shortage, which is pushing up prices and rents and adding to inflationary pressures.

No quick fix for Australia's housing shortage, warns RBA

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve (Fed) will deliver at least two rate cuts this year.

Asia rides Wall Street rally, dollar sags on US inflation relief

IBM plans to hire up to 800 more people in Ireland to help build advanced software underpinned by artificial intelligence (AI) technology, the biggest job announcement in the country's multinational sector this year, state investment agency IDA Ireland said on Thursday.

IBM to add 800 AI-related jobs in Ireland

The Asia-Pacific Economic Cooperation’s (Apec) gross domestic product (GDP) grew by 3.5% in 2023 compared to 2.6% in 2022.

Apec's GDP expanded in 2023, but uncertainties loom large — report

Russian President Vladimir Putin's Beijing visit on Thursday is likely to be light on hard deals but will mark the start of his new presidential term with a show of support from his most powerful political partner, Chinese counterpart Xi Jinping.

Putin’s meeting with Xi in China underscores growing alliance

KUALA LUMPUR (May 15): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

MAHB, Axiata, MyEG, Mitrajaya, Eupe Corp, Hume Cement, Apex Healthcare, Aeon Co, Vstecs, Kobay, Southern Steel, KNM

Rakuten Trade said trading in rubber glove stocks took the limelight on Wednesday, buoyed by the US tariff imposition on Chinese goods which will only take effect in two years.

Analysts say glove stocks rally a knee-jerk euphoria, advise investors to stay vigilant

The Ministry of Higher Education (MOHE) asserts that the proposal to open Universiti Teknologi Mara (UiTM) admission to non-Bumiputera students has never been discussed in any ministry or Cabinet meetings.

Proposal to open UiTM to non-Bumiputera students was never discussed, says Zambry

Penang-based property developer Ewein Bhd (KL:EWEIN) is acquiring a company involved in the manufacturing of racking systems and machinery for about RM32 million.

Ewein to acquire rackform company for RM32 mil

Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months after the department store and mall operator reported a 50% jump in first-quarter net profit.

AEON shares jump to 20-month high after 50% surge in 1Q net profit

Asian stock markets rallied on Thursday, buoyed by Wall Street's surge to all-time peaks overnight after a milder US inflation report raised expectations the Federal Reserve (Fed) will deliver at least two rate cuts this year.

Wall Street's three major indexes notched record closes on Wednesday with the benchmark S&amp;P 500 and the Nasdaq both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered investors' hopes for interest rate cuts by the Federal Reserve (Fed).

Wall Street boasts record closes as inflation data fuels rate-cut bets

(May 16): Norway's central bank said on Wednesday that its executive board has decided to exclude three companies from its government pension fund over ethical concerns.

Norges Bank, which manages the sovereign wealth fund, said in a statement it has decided to exclude India's Adani Por...

Norway sovereign wealth fund excludes three companies over ethical concerns

Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months after the builder and property developer announced that it has secured a contract worth RM174.3 million.

Mitrajaya surges to over eight-month high amid active trade after contract win

Shares of Apex Healthcare Bhd (KL:AHEALTH) on Thursday fell again and are on track for the worst day in nearly a year after the pharmaceutical company reported a 13% decline in first-quarter net profit.

Apex Healthcare shares extend decline after 1Q results

RHB Retail Research said ECA Integrated Solution Bhd (KL:ECA) is eyeing a technical rebound after attempting to close above the 42 sen consolidation phase on Wednesday.

ECA Integrated Solution eyeing technical rebound, says RHB Retail Research 

The US Commerce Department on Wednesday opened an investigation into allegations that solar cells and panels imported from four Southeast Asian countries are being unfairly subsidised and priced below their production costs.

Asian solar imports are subject of new US Commerce probe

RHB Retail Research said UMediC Group Bhd (KL:UMC) is eyeing to resume its uptrend following a recent pullback as it bounced off the 21-day simple moving average (SMA) line on Wednesday, heading towards the 72 sen immediate resistance.

UMediC eyeing to resume its uptrend, says RHB Retail Research 

Warren Buffett’s Berkshire Hathaway Inc unveiled a US$6.7 billion (RM31.37 billion) stake in insurer Chubb Ltd, ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings.

Buffett’s Berkshire reveals U$6.7b stake in insurer Chubb

Walt Disney has cut its investment in programming for traditional television networks pretty dramatically as part of its strategy to maximise audiences and profit in the streaming TV era, chief executive Bob Iger said on Wednesday.

Disney has dramatically cut traditional TV spending, CEO says

Aiden Pleterski, the self-proclaimed “Crypto King” who collected millions of dollars from investors, only to spend it on luxury goods, has been arrested on fraud charges in Canada.

Self-styled ‘Crypto King’ who lost US$30m is charged in Canada

Japan’s economy contracted in the first quarter as consumers and companies reduced spending, underscoring the fragile nature of the recovery and extending a dismal performance stretching back to last summer.

Japan’s economy contracts as consumers, firms cut spending

Grab Holdings raised its full-year profit forecast on Wednesday after reporting a higher-than-expected quarterly revenue, driven by recent cost-reduction measures and robust demand for its ride-share services.

Grab raises annual profit view after strong first-quarter revenue growth

France declared a state of emergency on the Pacific island of New Caledonia on Wednesday after three young indigenous Kanak and a police official were killed in riots over electoral reform.

France declares state of emergency after four dead in New Caledonia riots 

Oil prices extended gains from the previous session on Thursday on signs of stronger demand in the US where data showed slower inflation than markets expected, strengthening the argument for an interest rate cut which could result in even stronger demand.