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.
Read More
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  • A review by MACC revealed outdated management practices and unclear procedures for licences.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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
Independent assessment confirms KLIA aerotrain system functioning as intended

Independent assessment confirms KLIA aerotrain system functioning as intended

news

Updated:
  • The KL International Airport aerotrain system is operating as intended.
  • No safety risks and the system achieved 100% operational availability in December 2025.
  • Malaysia Airports Holdings Bhd will continue to implement measures to enhance reliability.
Read More
Bites
Sentoria goes to court to cancel OCBC bank guarantees, files RM679 mil claim