News by Emir Zainul

Shafee cites a letter advising ex-PM to buy shares from MB Inc

The former premier's lead counsel Tan Sri Muhammad Shafee Abdullah alleged that the businessman, better known as Jho Low, pulled this move to impress the Terengganu government.

Tadmax said its wholly-owned subsidiary Tadmax Indah Power Sdn Bhd received a letter from the Energy Commission (EC) today, notifying that the government of Malaysia had agreed on Aug 29 for the development of the project to proceed.

Forecasts of further OPR cuts are stoking interests in dividend stocks, including REITs.

In a filing with Bursa Malaysia yesterday, Sunsuria said Koong Wai Seng, 52, resigned "to pursue other personal goals and interests".

Sime Darby Property will see its industrial and logistics development start contributing to its revenue from 2021 onwards, according to chief transformation officer Fairuz Radi.

"Beyond 2019, we expect cement prices to recover gradually, as construction activities pick up (expected by 1H20). However, we reckon that the expected pick-up next year will happen on a gradual basis as work contribution from mega project revivals may be partially offset by lower construction contract awards seen post GE14 and weak property sentiment."

In a filing with Bursa Malaysia today, S P Setia said the fair value gain of RM343.8 million arose from the remeasurement of existing equity stake in Setia Federal Hill Sdn Bhd when the group acquired the remaining stake in the company, which has since become a wholly-owned subsidiary of the group.
 

A discussion on the way forward for the highway toll industry will start during the next Cabinet meeting this month.

KD District Cooling System Sdn Bhd (KDDCS) was awarded the contract by the Employees Provident Fund Board's (EPF) wholly-owned unit Kwasa Utama Sdn Bhd to supply chilled water to an office building in Kwasa Damansara for a period of 25 years from Sept 1.