IJM names Lee Teck Yuen as chairman to succeed Krishnan Tan
IJM Corp Bhd (KL:IJM) has appointed industry veteran Datuk Lee Teck Yuen as chairman of the construction and infrastructure giant effective Aug 27.
Sentral REIT's property income slips in 2Q amid rising costs, to pay out 3.17 sen per unit
Sentral REIT (KL:SENTRAL) reported a slight decline in its net property income as operating expenses rose faster than the rentals in the recently-ended quarter.
Ahmad Zaki Resources unit hit with fresh winding-up petition over RM3.9mil EKVE claim
Ahmad Zaki Resources Bhd (KL:AZRB) has been served with another winding-up petition, this time by Perunding ZKR Sdn Bhd over an alleged outstanding payment of RM3.94 million for works carried out under the East Klang Valley Expressway (EKVE) project.
PRG’s major shareholder Ng petitions to wind up company after loan restructuring talks fail
PRG Holdings Bhd’s (KL:PRG) largest shareholder, Datuk Ng Yan Cheng, has petitioned the court to wind up the company after the two parties failed to reach an agreement to restructure a RM21.22 million shareholder advance provided by Ng.
YNH Property unit gets IRB approval for RM5.16m tax settlement plan
Property developer YNH Property Bhd’s (KL:YNHPROP) wholly-owned subsidiary, YNH Construction Sdn Bhd, has received approval from the Inland Revenue Board (IRB) for a settlement plan to resolve its outstanding tax arrears, which had resulted in a winding-up petition by the tax authority.
PRG major shareholder Ng pushes back against ‘one-sided’ claims, highlights over RM89m financial support for group
PRG Holdings Bhd’s (KL:PRG) largest shareholder Datuk Ng Yan Cheng has pushed back against what he called one-sided claims that imply he and his family intended to harm PRG, saying such claims ignore the financial support and commercial risks he had taken over the years to support the company during difficult periods.
CIMB Securities flags diverging outlook between asset classes in Johor
Johor’s property market is set to benefit from rising industrial land values and upcoming infrastructure projects, according to CIMB Securities, citing a two-speed market where industrial and landed segments are favoured while high-rise supply risks loom.
Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact
Data centre activity and the broader global technology upcycle are expected to keep Malaysia’s economic growth steady this year, even as the world economy faces pressure from higher energy prices and geopolitical risks, according to the International Monetary Fund (IMF).
DBKL councillor system put on hold as govt focuses on governance reforms — minister
The proposed councillor system for Kuala Lumpur City Hall (DBKL) will not be introduced for now, as the government focuses on strengthening existing governance mechanisms.
