News by Emir Zainul

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.

"Although our base case scenario calls for the OPR to remain at status quo for the rest of the year, we do not rule out the possibility of another downward adjustment in 2020 if macroeconomic conditions deteriorate," MARC chief economist Nor Zahidi Alias said. 

“I think the recession fear is overplayed at this point in time. What we are seeing is just lower growth compared to our long-term average,” said BNM Economics Department director Fraziali Ismail.

In a media briefing today on the implications of the US-China trade war, BNM Economics Department director Fraziali Ismail. said the central bank estimated that even if the US and China goes into a full blown trade war, where every trade between them is tariffed, his team estimated that global growth will be cut to 1.5%.

Founded in 2011, Eco Geotechnics is a construction contractor specialising in major geotechnical and foundation engineering works, which includes bored, caisson and micro piling solutions, diaphragm walls, earth retaining systems, soil treatment, earthworks, basement works as well as general construction.

The factory is situated on part of the land to be sold, which is in an estate located in Oya-Dalat Land District, Mukah, Sarawak.

It pointed out that the inflation rate had slipped to 0.8% in June 2018 after the removal of the GST, from 1.8% in the preceding month.

In a filing with Bursa Malaysia, Lay Hong said it bought the 34-acre piece of vacant land in March 1990 for RM887,000.