Nanta: Govt allocates RM350 mil to upgrade East-West Highway in Perak

Nanta: Govt allocates RM350 mil to upgrade East-West Highway in Perak

news

Updated:
  • The government has allocated RM350 million to upgrade the East-West Highway in Perak for safety and comfort.
  • Works Minister Nanta Linggi announced that RM170 million will widen roads at 17 locations, enhancing safety.
  • Additionally, RM40 million is set for maintenance work to improve road conditions throughout the year.
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Hannah Yeoh orders DBKL to tighten SOPs to prevent graft

Hannah Yeoh orders DBKL to tighten SOPs to prevent graft

news

Updated:
  • DBKL must address SOP weaknesses to prevent corruption, as highlighted by Minister Hannah Yeoh.
  • A review by MACC revealed outdated management practices and unclear procedures for licences.
  • Improvements will be made public to ensure transparency and encourage the public to avoid corrupt practices.
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Sentoria goes to court to cancel OCBC bank guarantees, files RM679 mil claim

Sentoria goes to court to cancel OCBC bank guarantees, files RM679 mil claim

news

Updated:
  • Sentoria Group Bhd has filed a writ against OCBC Bank to nullify corporate guarantees for its subsidiaries.
  • The company seeks a court declaration that the guarantees are unenforceable and demands RM679 million in damages.
  • Sentoria has been loss-making since FY2019 and is under receivership, with a deadline extension to submit a regularisation plan.
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Builder-turned-blogger Koon Yew Yin passes away

Builder-turned-blogger Koon Yew Yin passes away

news

Updated:
  • Koon Yew Yin, co-founder of Malaysia's largest construction firms, passed away at 93.
  • He transitioned from engineering to investing after retiring in 1983, becoming a notable blogger on market trends.
  • In 1967, he established Mudajaya Construction Sdn Bhd and Gamuda Sdn Bhd together with three partners.
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IJM gets one-month extension to submit independent circular on Sunway's takeover bid

IJM gets one-month extension to submit independent circular on Sunway's takeover bid

news

Updated:
  • IJM Corp Bhd received approval to extend its draft independent advice circular submission deadline to March 5, 2026.
  • Sunway Bhd's takeover offer values IJM at RM11 billion, contingent on securing over 50% ownership.
  • A number of companies and consortiums are also considering competing against Sunway and submitting their own.
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GuocoLand shares suspended Tuesday pending announcement

GuocoLand shares suspended Tuesday pending announcement

news

Updated:
  • GuocoLand (Malaysia) Bhd shares are suspended from trading pending an announcement.
  • The stock has surged 59.8% this year, last trading at 93.5 sen.
  • Despite revenue growth, net profit fell 9.48% in Q2 FY2026 due to reduced contributions from key projects.
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Sunview clarifies sharp reversal in financial position

Sunview clarifies sharp reversal in financial position

news

Updated:
  • Sunview Group Bhd clarified that its financial reversal was due to audit adjustments, not contract discrepancies.
  • The company reported a net loss of RM70.29 million for FY2025, primarily from impairment losses and project expenses.
  • Sunview plans to bid on a partially completed solar plant to enhance its asset portfolio and income stability.
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YAPEIM allocated RM16.44 mln for 356 house projects since 2020

YAPEIM allocated RM16.44 mln for 356 house projects since 2020

news

Updated:
  • YAPEIM has allocated RM16.44 million for 356 housing projects since 2020, with 260 completed.
  • In Kelantan, 49 projects were conducted, costing RM2.4 million, to aid those in need.
  • The foundation aims for a 10% increase in housing projects this year, having supported over 10 million recipients since 1985.
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Bodycams for FT enforcement personnel starting 4Q, says minister

Bodycams for FT enforcement personnel starting 4Q, says minister

news

Updated:
  • Local authority enforcement officers will wear body cameras starting in 4Q2023 to enhance transparency.
  • This initiative is part of a strategic pact with the MACC to improve oversight and address corruption complaints.
  • The partnership will also focus on training, job rotations, and overhauling procurement processes to strengthen integrity.
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Eco Business Park 8 First Look signals new industrial opportunities in JS-SEZ

Eco Business Park 8 First Look signals new industrial opportunities in JS-SEZ

news

Updated:
  • Eco Business Park 8 hosted a preview event on Jan 30, showcasing its role in the Johor-Singapore SEZ.
  • EBP8 aims to attract high-value investments and support advanced manufacturing and technology industries.
  • EBP8 enables investors to optimise cross-border operations while benefiting from facilitation support.
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Nanta: Govt allocates RM350 mil to upgrade East-West Highway in Perak