IJM Corp to acquire 45% stake in Pestech International for RM124m
The integration of Pestech’s capabilities in railway signalling and electrification also complements IJM’s diversified value chain portfolio, said IJM.
As June inflation cools to 14-month low, economists mixed on BNM's OPR plans
This led to differing views from some economists as to whether BNM will hike the key rate further following the surprise 25-basis-point increase in April, or to leave it unchanged for the rest of the year.
KIP REIT's 4Q net property income up 14%, declares 1.75 sen income distribution
Revenue for the quarter rose 16.5% to RM22.39 million, from RM19.22 million in 4QFY2022, driven by higher gross revenue from its retail and industrial segments.
RHB Research's optimism on Iskandar property market grows as market moves past property glut
... as it believes that the market has moved past the "Forest City scare" or supply glut from the massive mixed-use development, thanks to incoming infrastructure developments.
Malaysia Steel Association tasked by Miti to formulate green transition roadmap for industry
The association said it was given the responsibility at a Malaysia Steel Council meeting last week, which had focused on the need for the local steel sector to strengthen its Decarbonisation and ESG disclosure and compliance of Scope 1, 2 and 3.
UOA REIT's 2Q net profit drops 7% on higher operating expenses
It posted a net profit of RM13.98 million or 2.16 sen for the second quarter ended June 30, 2023 (2QFY2023), versus RM15.07 million or 2.37 sen a year ago.
Lebtech says RM55m Pekan job for reclamation, shore protection terminated
This was because the builder could not come to an agreement with Global Marine Sdn Bhd, from whom it secured the project, on the terms and conditions of the final definitive agreement for the job.
Special residence pass to be granted to investors committing at least RM5b investments in targeted manufacturing sectors, says Miti
The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030
King’s Park in Genting Highlands officially launched
King’s Park Development Sdn Bhd (formerly known as Highlands Park City Sdn Bhd) has officially launched its latest integrated mixed-use development, named King’s Park in Genting Highlands, via an opening ceremony of its sales gallery on Saturday (July 22).
Former Consortium Zenith director says impossible RM2m payment went to Guan Eng, when money was part of RM19m earmarked for Najib
A former director of Consortium Zenith Construction Sdn Bhd (CZCSB) told the Sessions Court on Friday (July 21) that it was impossible for a RM2 million payment to have made its way to Lim Guan Eng, when he had been initially told it was paid via businessman G Gnanaraja to then prime minister Datuk Seri Najib Razak, in order for the company to maintain close ties with Najib.
