<div class=newsTextDataWrapInner>KUALA LUMPUR (Nov 15): Coastal Contracts Bhd said its wholly-owned subsidiaries Coastal Marine Pte Ltd and Coastal International Marine Inc have secured contracts for the sale of two units of low-end vessels.</div>

<div class=newsTextDataWrapInner>Coastal Marine and another subsidiary, Coastal Dynamic Pte Ltd, have also been awarded with charter contracts for two units of offshore support vessels, the group said. 
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The tenure for the charter contract is less than one year, Coastal Contracts said in a filing with Bursa Malaysia.</div>

<div class=newsTextDataWrapInner>The group said it expects the contracts to contribute positively to its earnings and net assets for the financial year ending June 30, 2020.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>The share price of Coastal Contracts closed one sen or 0.82% higher at RM1.23 today, bringing the group a market capitalisation of RM649.06 million. Over the past year, the counter has risen by 38.2% from 89 sen.</div>

Coastal Contracts Bhd said its wholly-owned subsidiaries Coastal Marine Pte Ltd and Coastal International Marine Inc have secured contracts for the sale of two units of low-end vessels.

Coastal Marine and another subsidiary, Coastal Dynamic Pte Ltd, have also been awarded with charter contracts for two units of offshore support vessels, the group said.

Coastal Contracts to sell two low-end vessels and charter two offshore support vessels

PADANG BESAR (April 26): Communications Minister Fahmi Fadzil said on Friday that the Terengganu government’s decision to reject the Territorial Sea Act 2012 through a motion passed in the State Legislative Assembly (DUN) on Thursday (April 25), has been seen as a cynical and hypocritical act.

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MOSCOW/LONDON (April 26): Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.

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Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's defamation lawsuit against former prime minister Tan Sri Muhyiddin Yassin is headed for a settlement after the two leaders agreed to end a personal dispute between them.

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Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

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US auto safety regulators said Friday they have opened an investigation into whether Tesla's recall of more than two million vehicles announced in December to install new Autopilot safeguards is adequate.

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HULU SELANGOR (April 26): The Election Commission is actively making final preparations to ensure a smooth nomination process for the Kuala Kubu Baharu by-election on Saturday (April 27).

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Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

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Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

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The Securities Commission Malaysia (SC) has updated its Investor Alert List.

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Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

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The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

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Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

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RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

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The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

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The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.