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Economy

Pacific Prime Bags Four HR Vendor Awards In Singapore

KUALA LUMPUR, Nov 10 (Bernama) -- Pacific Prime, an international health insurance and employee benefits provider, has won four awards at the HR Vendors of the Year Awards Singapore 2026, including gold for Best HR Compliance Partner.

Favelle Favco Bags RM83.7 Mln Tower Crane Supply Contract

KUALA LUMPUR, Nov 10 (Bernama) -- Favelle Favco Bhd’s (FFB) Australia-based subsidiary, Favelle Favco Cranes Pty Ltd, has secured purchase orders and letters of intent worth a combined RM83.7 million to supply tower cranes.

Hologen, Sysmex Form AI Venture To Analyse Blood Test Data

KUALA LUMPUR, Nov 10 (Bernama) -- Hologen, a frontier artificial intelligence (AI) company, and Sysmex Corporation, a Japanese haematology company, have formed Saibogen, a joint venture that will use generative AI to draw more information from routine blood tests.

AmBank Offers Moratorium To Customers Affected By Floods In Selangor

KUALA LUMPUR, Nov 10 (Bernama) -- AmBank Group has launched its flood relief assistance programme to customers who are affected by the floods in Selangor, including a moratorium of up to six months on financing.

Kitacon Unit Secures RM54.87 Mln Main Building Works Contract

KUALA LUMPUR, Nov 10 (Bernama) -- Kumpulan Kitacon Bhd’s wholly owned subsidiary, Kitacon Sdn Bhd, has accepted a letter of award from Sime Darby Property (Elmina North) Sdn Bhd for main building works, including ancillary buildings, worth RM54.872 million.

Curia Completes 5 Mln Euros Investment In Spain Fermentation Site

KUALA LUMPUR, Nov 10 (Bernama) -- Curia Global Inc (Curia), a global contract research, development and manufacturing organisation has completed a five million euros investment in its operations in León, Spain, including a new precision fermentation facility. (1 Euro = RM4.55)

Yinson Clarifies It Has Not Accepted RM2.50 Privatisation Proposal

KUALA LUMPUR, Nov 10 (Bernama) -- Yinson Holdings Bhd has clarified that it has not accepted the proposed privatisation scheme or the terms of the proposal letter involving its major shareholders' plan to privatise the company at RM2.50 per share.

Building Cost Index With Steel Bars Eases In Peninsular Malaysia In October -- DOSM

KUALA LUMPUR, Nov 10 (Bernama) -- The Building Cost Index (BCI) with steel bars decreased by between negative 0.1 per cent and negative 3.8 per cent across building categories and regions in Peninsular Malaysia in October 2026 compared with the previous month, said the Department of Statistics Malaysia (DOSM).

Horizon Quantum, OQC Link Quantum Software And Hardware

KUALA LUMPUR, Nov 10 (Bernama) -- Horizon Quantum Computing Pte Ltd, a subsidiary of Horizon Quantum Holdings Ltd (Horizon Quantum) and quantum computer maker, OQC have integrated OQC’s quantum processing unit (QPU) with Horizon Quantum’s Triple Alpha development environment, allowing users to control the hardware directly.

Hangzhou Tech Zone Showcases AI Products At World Internet Conference

KUALA LUMPUR, Nov 10 (Bernama) -- Companies from Hangzhou Future Sci-Tech City, a technology zone in China’s Zhejiang province, showcased artificial intelligence (AI) products at the Light of Internet Expo, held alongside the 2026 World Internet Conference Wuzhen Summit from Nov 2 to 5.

Tighter Loan Approvals, Higher Borrowing Costs To Challenge Property Market In 2027 – JLL Malaysia

KUALA LUMPUR, Nov 10 (Bernama) -- Tighter housing loan approvals and potentially higher borrowing costs are expected to weigh on Malaysia's residential property market in 2027, as banks become more selective in financing property purchases, said JLL Malaysia.

Hong Kong Non-Life Premiums Rise 8 Pct - AM Best

KUALA LUMPUR, Nov 10 (Bernama) -- Hong Kong’s non-life insurance gross written premiums grew eight per cent year-on-year to HK$108.5 billion in 2025, driven by growth in direct business and inward reinsurance, according to a report by global credit rating agency AM Best. (HK$100 = RM51.66)