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.
Electricity tariff surcharge on high consumption households in 1H2024 extended to Sabah, Kulim Hi-Tech Park
High electricity consumption households, alongside commercial and industrial (C&I) users in the Kulim Hi-Tech Park (KHTP) in Kedah will be charged 6.5 sen per kilowatt-hour (kWh)surcharge on their electricity tariffs for the first six months of 2024.
Al-‘Aqar to dispose of Australia Jeta Gardens Aged Care Facility for A$24mil cash
Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for AU$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.
Ten Cabinet line-up changes, two ministry portfolio splits in reshuffling by PM
Deputy Education Minister Lim Hui Ying is now the deputy finance minister, while Steven Sim has been appointed as the new human resources minister.
Crest Builder says UiTM concession company still has 11-year maintenance works contract remaining
UniTapah Sdn Bhd, in which Crest Builder Holdings Bhd is buying the remaining 49% stake for RM43.61 million, has 11 years remaining on its maintenance works contract for the UiTM campus in Tapah, Perak.
Govt to announce new NEM quota as private rooftop solar quota fully filled up
The government is looking at releasing more net energy metering (NEM) quotas for rooftop solar installations for residential, commercial and industrial buildings before the year ends, as the existing quota that was expanded this year was filled up last week.
