News by justin Lim

Malaysia and Singapore have completed the upgrading of the electricity interconnector between both countries to enable mutual energy transfer in times of power outage, Singapore's Energy Market Authority (EMA) said in a statement on Wednesday (Oct 26).

Advancecon Holdings Bhd’s 51%-owned indirect subsidiary Spring Energy Sdn Bhd (SESB) is disposing of a piece of land in Kedah to plastic packaging manufacturer Thong Guan Industries Bhd for RM34 million or RM9.95 per sq ft.

EPF holds a 5.51% stake or 224.55 million shares in S P Setia as at Oct 6, 2022. 

The increase in remission will be effective until Dec 31, 2023, said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Collaboration from all stakeholders within the chain is required to make affordable green houses accessible for more people, said RAM Holdings Bhd's sustainability services unit.

Al-'Aqar Healthcare REIT has acquired three hospitals from KPJ Healthcare Bhd for RM192 million, to be paid in cash and new shares.

Ekovest Bhd's net loss for the fourth quarter ended June 30, 2022 (4QFY22) ballooned to RM123.81 million from RM2.66 million a year before, dragged by lower contribution from the construction and property investment segments.

Yong Tai Bhd's net loss swelled to RM135.34 million in the fourth financial quarter ended June 30, 2022 (4QFY22), mainly due to an impairment loss of RM113.1 million.

Mulpha International Bhd’s net profit rose 15.8% to RM35.77 million or earnings per share of 11.5 sen in the second quarter ended June 30, 2022 (2QFY22), from RM30.9 million or 9.72 sen a year ago.

Berjaya Land Bhd (BLand) reported a higher net loss of RM133.44 million in the fourth quarter ended June 30, 2022 (4QFY22) up 5.61% from RM126.34 million a year ago, due to provisions it made to impair the balance proceeds of a mall it sold in China, which it feared it might not be able to collect.