Advancecon’s former deputy CEO goes to court to nullify his removal from office
Advancecon Holdings Bhd’s second largest shareholder Lim Swee Chai has filed an originating summons against the company to nullify his removal as director last year.
MOF moots lower electricity subsidies for high-income households in 2H2023, says new Treasury sec-gen
He said the Prime Minister Datuk Seri Anwar Ibrahim has signalled through the Budget 2023 that the government is moving in the direction of helping the poor and expecting the high income earners to contribute.
Govt confident of reducing MRT3 costs to below RM45b, says Anwar
Prime Minister Datuk Seri Anwar Ibrahim said his administration is reviewing the Mass Rapid Transit 3 (MRT3) project, and is confident of achieving further savings and bringing down the price tag to under RM45 billion, from RM50 billion announced by the previous government.
High debt, weak administration add to Malaysia’s economic challenges, says Anwar
The country faces five core challenges in its domestic economy — a debt level that is too high, a decline in quality of administration, global economic uncertainties, a slow recovery in investments to pre-pandemic levels, and the impact of economic challenges on the rakyat — said Prime Minister Datuk Seri Anwar Ibrahim.
Pavilion REIT sees 17% rise in 4Q net property income, pays 2.21 sen DPU
Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income in the quarter ended Dec 31, 2022 (4QFY2022) rose 17.17% to RM96.89 million from RM82.69 million, as higher rental income more than offset higher utilities and maintenance costs.
Prominent figure Azlan Zainol passes away, aged 72
Malaysia Building Society Bhd (MBSB) said its chairman Tan Sri Azlan Zainol, who was also former Employees Provident Fund (EPF) chief executive officer, has passed away.
PM: Govt may impose higher electricity tariffs on multinational exporters, subsidy 'not for giant companies'
Prime Minister Datuk Seri Anwar Ibrahim on Wednesday (Dec 14) indicated a potential increase in electricity tariffs on the horizon for multinational companies that export and no subsidy for selected profitable "giant" companies.
Govt to review RM7b flood mitigation project awards, says PM
The project, part of flood mitigation project allocations amounting to RM15 billion, is believed to be awarded through direct negotiations.
SKB Shutters to set up plant in Eco Business Park V with RM36m land buy
SKB Shutters, which manufactures roller shutters, steel doors and storage rack systems, said it acquired the land to set up a new automated manufacturing facility in the industrial park, which is located in Puncak Alam.
Nexgram to acquire Langkawi resort from Croske for RM90 million via subsidiary’s RCPS issuance
Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of preference shares by its subsidiary Medic Asset Group Sdn Bhd (MAG).
