News by Choy Nyen Yiau

Majuperak, a 51.41%-owned subsidiary of the Perak State Development Corp, said its wholly-owned subsidiary, Syarikat Majuperak Bhd, is selling the property to Ladang Lekir Sdn Bhd, a wholly-owned subsidiary of Perak Agro Oil Palm Sdn Bhd, which in turn is a wholly-owned unit of PPPNP.

Country Heights Holdings Bhd said MBSB Bank Bhd is seeking to sell two pieces of land belonging to its subsidiaries through a public auction over the subsidiaries' default on the payment of Islamic term financing facilities.

... just six months after he was appointed to the position.

Koe, 62, commenced his journey at S P Setia in 1997 as a senior project manager, gradually advancing through various business and operational roles until his appointment as senior executive vice president of the company in 2019.

Gamuda Bhd recorded a net profit of RM195.04 million in the first quarter ended Oct 31, 2023 (1QFY2024), compared to RM1.168 billion a year ago.

Gamuda Bhd’s Singapore branch (GBSG), an operating unit of the group, has secured a S$509.568 million (RM1.77 billion) design and construction contract for the West Coast station and tunnel.

MyEG Lodging (NC) Sdn Bhd, a subsidiary of e-government service provider MyEG Services Bhd, has signed a 30-year lease agreement with Penang Development Corp (PDC) to develop a foreign workers' village project worth RM108 million.

RGM said that the latest quarterly result surpassed the expectations of the MRA and MRCA, which projected a 1.4% growth rate in September.

Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal has stepped down from the position of independent and non-executive chairman of the construction group Kumpulan Jetson Bhd, less than two months after his appointment to the position.

The government has initiated negotiations with toll concessionaires to restructure toll collection on 19 highways as per the Cabinet's decision on Dec 18, 2020, according to Deputy Works Minister Abdul Rahman Mohamad.