News by Justin Lim

In a filing with Bursa Malaysia yesterday, it said the bills of demand were issued to its wholly-owned unit Puncak Niaga Management Services Sdn Bhd (PNMSSB), for the period Feb 1, 2016 to Dec 31, 2017.

The property developer said the proceeds from the issuance will also be used to repay borrowings, for working capital and to defray expenses incurred in relation to the sukuk issuance.

“Assuming the SIFC is fully developed, it can create some RM4.6 billion worth of output per annum and create 10,000 job opportunities,” said Kuala Lumpur & Selangor Furniture Association (KSFA) president Datuk Eric Lee

Soft consumer sentiment, the reintroduction of the sales and service tax, a high base effect following the removal of the 6% goods and services tax last year, and more spending required to grab consumers’ attention — these were among the reasons for the challenging year.

It is causing them to miss out on trade diversion opportunities — KL & Selangor Furniture Association

EcoWorld is set to announce its annual financial results tomorrow (Dec 12).

The group is set to announce its financial results today

The objective of the entrepreneurial programme, presented by Alliance Bank Malaysia Bhd and Eco World Development Group Bhd (EcoWorld), is to help entrepreneurs grow their businesses further.

According to China Communications Construction (ECRL) Sdn Bhd’s (CCC-ECRL) authority and community liaison manager for ECRL section six, Satnam Singh Ajit Singh, the construction works will pick up at section six, which covers the most parts in Pahang.

The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.