Ecobuilt unit served with winding-up petition over unpaid debt
Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served with a winding-up petition over an alleged debt amounting to RM447,886.46.
Econpile secures RM27 mil piling contract for apartment project
Econpile Holdings Bhd (KL:ECONPILE) has secured a RM27 million contract for piling and pile cap works at a serviced apartment project in Kelana Jaya, Petaling Jaya.
Economists split on further OPR cuts in 2025 as BNM turns dovish
Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.
Bank Negara Malaysia cuts overnight policy rate to 2.75%
Malaysia’s central bank on Wednesday moved to cut interest rates for the first time in nearly two years to support an economy facing downside risks to its growth.
Bina Puri faces two winding-up petitions from IRB over alleged tax debt
Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.
SkyWorld acquires Penang land to kickstart RM13 bil affordable housing project
SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.
MyCC fines three firms RM2.98m for bid-rigging
Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021.
BNM may move to shield economy from external headwinds, economists lean towards rate cut
About half of 23 economists polled predict a cut from 3%, while the rest expect the central bank to stand pat.
Hyatt Regency Kuala Lumpur at KL Midtown to open doors in Mont'Kiara this August
Hyatt Regency, a global hospitality brand, announced the unveiling of Hyatt Regency Kuala Lumpur at KL Midtown, a five star hotel in Mont Kiara, which is to open its doors on Aug 26 this year.
US court dismisses initial suit by Genting Malaysia's business partner, allows amended complaint
A lawsuit filed in the US against Genting Malaysia Bhd (KL:GENM) by its business partner RAV Bahamas Ltd has been dismissed, though the court opened the door for an amended complaint.
