MOT: No more compensation to ERL from 2029 if govt rejects fare hikes
“ERL is allowed to impose market-driven fares which will benefit the public, the government and ERL."
Citaglobal-Reneuco consortium wins 30-year concession to power up ECRL
A consortium between Citaglobal Bhd and Reneuco Bhd has secured a 30-year concession to supply electricity to the East Coast Rail Link (ECRL) from project owner Malaysia Rail Link Sdn Bhd (MRL).
Ireka to exit RuMa project, pare stake in Aseana to settle 2009 JV dispute
Together, the settlement is expected to result in a net financial impact of RM15.2 million on the local-listed property player.
Sunsuria to raise stake in Bangsar Hill Park developer by 33% for RM71m cash in related party deal
The related party transaction will see Sunsuria raise its stake in the property developer to 84%, from 51% currently.
SCIB buys land for RM21.6 mil for capacity expansion
Sarawak Consolidated Industries Bhd (SCIB) said it is acquiring leasehold plots in Demak Laut Industrial Park in Kuching from the Land and Survey Department of Sarawak measuring 8.85 ha for RM21.62 million cash.
Wasco to dispose of Shah Alam land for RM40 mil
Energy infrastructure group Wasco Bhd is disposing a parcel of land together with storage buildings erected on site in Shah Alam for RM40 million to Array Metal (M) Sdn Bhd.
BNM keeps OPR at 3%
Malaysia’s headline interest rate, the overnight policy rate (OPR), has been maintained at 3% following the Monetary Policy Committee (MPC) meeting on Wednesday, said Bank Negara Malaysia (BNM).
SCIB falls 22% from 30-month high, intra-day short-selling suspended
SCIB shares fell to as low as 92 sen, before rebounding slightly to 98.5 sen, still down 20.5 sen or 17.23% at the time of writing.
Kuchai Development to inject RM275 mil of assets into Sg Bagan for shares, to distribute Sg Bagan shares to shareholders for second time
Kuchai Development Bhd is injecting RM275 million worth of assets and liabilities into Sungei Bagan Rubber Co (M) Bhd in a share deal, as part of efforts to consolidate the assets of two sister companies linked to Kluang Rubber Company (M) Bhd (KRCB).
Govt reviewing surcharge, subscription period for Green Electricity Tariff
The government is reviewing the surcharge and subscription period for the Green Electricity Tariff (GET) mechanism, as it looks into extending the green electricity subscription to 2024.
