News by Justin Lim

“For the first half of this year we had a pretty good year."

These loans were previously provided for PMSB’s working capital and operations, and were funded internally.

Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021. 

Kim Hin shares closed up one sen or 2.22% to 46 sen on Thursday, giving the company a market capitalisation of RM72 million.

The police report follows Fong's sacking in May, after investigations by the company against him on allegations of misconduct.

Gamuda Bhd (KL:GAMUDA) recorded a 4.68% year-on-year increase in its third-quarter net profit, driven by robust performance within its domestic construction division, where earnings about tripled, offsetting a drop in the group's property earnings.

China Communications Construction (ECRL) Sdn Bhd (CCC-ECRL) said it has "wholly disputed" an alleged outstanding payment claim of RM15.22 million made by a subsidiary of Advancecon Holdings Bhd (KL:ADVCON) in relation to the latter's works on the East Coast Rail Link (ECRL) project.

Ecobuilt Holdings Bhd's (KL:ECOHLDS) chief executive officer Lim Chin Yen has resigned after just four and a half months at the helm of the construction company.

Bank Islam Malaysia Bhd (KL:BIMB) has obtained a summary judgement against Ivory Properties Group Bhd (KL:IVORY) in a suit involving unpaid financing facilities.

The association said the 8% SST on commercial rentals that will kick in on July 1 — introduced without any consultation or engagement with the retail sector — will add further pressure on the retail industry.