News by Arjuna Chandran Shankar

The minister noted that Malaysia is at a comfortable level with its ability to meet the 45% target, and that the emissions target could be raised.

"The financing will be done on a case-by-case basis. We have to see the amount requested in relation to the size of the SME."

On April 10, 2019, Sunsuria announced the placement exercise, which constitutes 10% of the group's shareholdings and would have netted up to RM61.34 million for the group.

Bertam said the MoU allows the two parties to negotiate exclusively for at least six months and sets out the parties' understanding and intention in respect of the proposed regularisation plan.

The initiative will be led by it’s Malaysian subsidiary CPCG Holdings Sdn Bhd, which had inked a MoU with Terengganu Jiangsu Trade Organisation.

"Market talk of termination of the PDP surfaced since the change in government in mid-2018. LBU had anticipated that it would not be terminated after having achieved a potential savings of RM2 billion and driving its contractors to meet their respective project progress timeline."

YTL Land said "this will be the final extension" for the offer's closing date.

The group said the agreement between its wholly-owned unit UEMS (La Trobe Street) Pty Ltd and The Trust Company (Re Services) Ltd (TCL), a trustee for the Ascendas Australia Hotel Trust, had been terminated on a mutual basis following disagreements over the specifications of certain aspects of the apartments earmarked for sale.

The latest contract wins bring its total outstanding order book to RM2.39 billion.

“Funds that can be returned to SRC through these efforts will be used for the repayment of borrowings from KWAP. At the same time, this will reduce the government’s burden to repay the loan on behalf of SRC and enable the government to make a larger (fund) allocation for economic development and the people's welfare," Lim said.