News by Emir Zainul

Revenue fell 5.8% to RM41.72 million from RM44.29 million last year, despite lower property operating expenses and trust expense, its filing to Bursa Malaysia showed today.  

Lim said the RM51 billion debt includes the amount of interest borne and loans from the Ministry of Finance (MoF) of RM8.6 billion that were used to repay 1MDB's debts to date.

At 3.05pm, IWCity was trading up 6.5 sen or 8.67% at 81.5 sen, after 41.8 million shares traded so far. 

30 sites with 6,816 units are unsettled due to the impact of financial problems in 2016.

“It is a wrong move because Malaysia Airlines is our pride and joy. It should continue as our national airline. Almost every country has its own national airline, so we must have our national airline.”

The RM5.12 billion sales it achieved last year exceeded its initial target of RM5 billion. 

WCT Holdings said the novation agreements entail the transfer of all rights, interest, benefits, obligations, duties and liabilities of Prasarana to MRCB George Kent, subject to the terms and conditions as stipulated in the agreements. 

S P Setia will pay RM2.61 million in additional taxes imposed on its wholly-owned subsidiary Bandar Setia Alam Sdn Bhd, instead of the RM75.4 million initially assessed.

Luxury cars with engine capacity of 1,500cc and below will not be eligible to receive the targeted subsidies because the government will also consider the model and type of the cars. – Lim

“Another thing that is interesting in the review is the guarantee of fair and reasonable development to states in the East Coast and Sabah and Sarawak."