News by M

PNB's consolidated income and asset under management rose during the first eight months of 2018, from a year earlier.

Known for his sharp mind and wit, the PM also displays a remarkable grasp of issues, big and small. From global issues, to the little everyday details of our cities that Mahathir sees.

PNB has given an undertaking letter to Sapura Energy to subscribe for its rights entitlement and the excess shares and warrants not taken up by the other shareholders, up to an equity stake of 40% in the group. This could mean that PNB alone will be taking up to 57% of the rights share offering.

The management is confident that the mall will be able to attract quality tenants, as Central Pattana has over 30 years of experience in retail development. Currently, the mall has a committed occupancy rate of around 70%, and I-Bhd aims to hit 85% before the launch date. Anchor tenants include Sogo, Village Grocer and TGV.

Pestech share price has been lacklustre for more than two years and it has finally secured this highly anticipated project, which was complicated earlier by the GE14. As this announcement is only for the electrification portion, Kenanga Research says they understand that there are still signalling and communication portions worth as high as RM500 million to be announced.

RAM noted that while negotiations are still ongoing between the EDL’s toll concessionaire, MRCB Lingkaran Selatan Sdn Bhd and the government to mutually terminate the concession agreement and determine a final settlement amount, no formal agreement has been inked to date.

"I'm okay, Alhamdulillah (Praise be to God). My lawyers will answer."

“No casualties were reported.”

Supply has outstripped demand, but the costs of land and building prohibit the lowering of prices much more. 

"The group’s extensive network with global rail specialists stands it in good stead for projects that require international collaborations through joint ventures or other forms of strategic alliances."