News by The Edge

The EPF would take up 80% of MRCB’s unit Rukun Juang for a stake in the Bukit Jalil land for RM421 million.

MIA says probe into Deloitte’s role in 1MDB case is completed.

In a filing to Bursa Malaysia, it said its quarterly revenue grew by 29% year-on-year (y-o-y) to RM177.06 million from RM137.24 million.

The industrial land that measures 4,715 sq m is located at Lot 648 and has 60 years left to its lease. It had a market value of RM17.8 million as at March 19 this year, according to a valuation by W M Malik & Kamaruzzaman.

In a filing with Bursa Malaysia yesterday, the earthworks and civil engineering services specialist said its wholly-owned subsidiary Advancecon Infra Sdn Bhd has accepted the letter of award from Sime Darby Serenia Development Sdn Bhd for the proposed project.

But renting does not build equity or savings for the future. The real winner, if most Malaysians choose to forever rent, will be the property owning class, who are likely to own multiple properties.

Wee emerged victorious in a three-cornered fight against Beruas MCA Youth chief Ngoo Teck Keong and Kluang MCA chief Gan Ping Sieu in MCA’s party elections yesterday.

“The review is still ongoing. To facilitate the review, relevant officers of BNM have opted to take leave of absence,” said BNM in a brief statement yesterday.

She said the current soft property market situation presents a window of opportunity for developers to work on improving the sector to prevent a potential collapse. 

Although Singapore has repeatedly claimed that Malaysia has lost the right to review the water price, it only shows the weakness of Singapore that is trying to twist the facts. - Marzuki