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Malaysia hotel industry losses RM135m during Ramadan last year

The tourism and hotel industry is again left helpless as various states fall into another round of MCO and this time around it came right in the middle of the holy month of Ramadan when hotels are busy preparing for the coming Hari Raya holidays and serving the once a year festival buffet for breaking fast.

Gamuda, Putrajaya to benefit from highway trust proposal, says Kenanga Research

In a research note today, Kenanga highlighted that by undertaking the proposal, the government gets to save on toll compensations worth RM5.3 billion over the toll concessions’ remaining tenures while also indirectly help Gamuda raise PFI (private funding initiative) equity to jump-start the intended Mass Rapid Transit 3 (MRT 3) project. 

Najib, Shahrol, Ismee and Ibrahim Ali among those named in 16 suits by SRC

The writ sighted by The Edge stated that in January 2019, SRC was placed under the new management under the Ministry of Finance (MoF) and thereafter it discovered that the former board of directors did not take any reasonable steps on the proper use of the RM4 billion Retirement Fund (Incorporated) (KWAP) loans, given in 2011 and 2012, for its general investment capacities and working capital.

Analysts raise S P Setia target price on Tebrau land disposal

Kenanga Research’s Marie Vaz raised the stock to an "outperform" and increased its TP to RM1.19 from 94 sen prior on expectations that the deal will contribute to earnings for the financial year ending Dec 31, 2022 (FY22) and beyond.

Scientex mulls for seventh township development in Johor

Upon completion of the proposed land purchase along with other ongoing land acquisitions in other states, Scientex’s total landbank across Johor, Melaka, Selangor, Perak, Penang and Kedah would expand from approximately 6,236 acres to around 7,200 acres. 

Tony Pua: HIDE poorly designed and assumptions behind data misguided

Unfortunately, it is clear that HIDE has been poorly designed and the assumptions behind the data is misguided. Under such circumstances, not only will HIDE fail to prevent the transmission of the virus, it can create major unintended negative consequences for business, which are already hit badly from the crisis, as well as for the people’s livelihood.