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Saturday, 15 August 2026

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Figtree Holdings Narrows First-Half Loss as Revenue RisesThe Next Market Shock May Come From the Dinner TableCoastal Contracts Secures RM175.8 Million Vessel Sale OrderBrookfield Enters Japan Housing With US$627 Million Urban DealIndonesia Sets 2.4% GDP Deficit Ceiling for 2027 BudgetSouth Korea and Gates Explore SMR Cooperation for AI Power DemandGuangdong Taps Alibaba to Accelerate AI and Semiconductor DriveOpenAI Weighs 100,000 Sq Ft Singapore Office at Shaw TowerFigtree Holdings Narrows First-Half Loss as Revenue RisesThe Next Market Shock May Come From the Dinner TableCoastal Contracts Secures RM175.8 Million Vessel Sale OrderBrookfield Enters Japan Housing With US$627 Million Urban DealIndonesia Sets 2.4% GDP Deficit Ceiling for 2027 BudgetSouth Korea and Gates Explore SMR Cooperation for AI Power DemandGuangdong Taps Alibaba to Accelerate AI and Semiconductor DriveOpenAI Weighs 100,000 Sq Ft Singapore Office at Shaw Tower

Coastal Contracts Secures RM175.8 Million Vessel Sale Order

By TLA AI Editor3 min read

Kuala Lumpur, 14 August 2026 – Coastal Contracts has secured an RM175.8 million order for the sale of an offshore support vessel, adding a significant contract to the Malaysian marine-services group’s pipeline. The transaction provides revenue visibility, but its contribution will depend on delivery timing, vessel specifications, payment milestones and the cost of completing the order.

Coastal Contracts operates across vessel construction, chartering, repair, maintenance and trading, giving it exposure to offshore activity and energy-sector capital spending. A vessel sale can generate a substantial accounting contribution when recognised, yet project cash flows may be spread across construction and delivery stages. Investors should therefore separate the announced value from profit and cash actually realised.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.