News by TheEdgeMarkets.com

News of the proposed merger between UEM Sunrise Bhd and Eco World Development Group Bhd (EcoWorld), which will form one of Malaysia's largest real estate companies by market value, set the market abuzz yesterday.

This is also the fifth straight day that Malaysia has reported triple-digit number of new infections since the start of this month, with 260 cases on Oct 1.  

An official from the Prime Minister's Department (PMD) and the Malaysian Anti-Corruption Commission (MACC) investigating officer (IO) in Datin Seri Rosmah Mansor's solar hybrid graft case are the final two witnesses to be called by the prosecution before it closes its case.

BTS Car Park Sdn Bhd — a wholly-owned company and car park operator of Berjaya Times Square Sdn Bhd, which in turn is owned by Berjaya Assets Bhd — is seeking to extend the tenure of its current medium term note (MTN) programme of up to RM220 million for two years. 

Zafrul said so far, fiscal injections into the economy stand at around 20% of gross domestic product (GDP).

SkyAwani V Residence in Sentul, has achieved a take-up rate of 95% during its launch via its newly launched online platform — Click2Own — on Sept 27.

AmInvestment Bank Research has maintained its ‘buy’ call on flexible plastic packaging manufacturer Scientex Bhd with a higher fair value of RM12.69 per share (from RM10.74 per share) based on sum-of-parts valuation. 

The 1Malaysia Development Bhd (1MDB)-Tanore trial is set to continue today with its chief executive officer (CEO) Mohd Hazem Abdul Rahman still on the witness stand.

Sixty-seven patients have recovered from Covid-19 in the last 24 hours, with total cured cases now standing at 10,283.

The three clusters were Bah Lunas (four cases) and Bah Rose (eight) in Kedah, and the Jelok cluster in Selangor (four), according to MoH director-general Tan Sri Dr Noor Hisham Abdullah.