News by Justin Lim

After setting-off the bungalow's purchase price of RM5.5 million, CPSB still owes Olympia RM47,651.31, which it shall pay off "at such times and in such manner as CPSB and the company may from time to time agree upon".

"You cannot have new beginnings unless you manage the endings [properly]."

It posted quarterly net profit of RM192.32 million, up 11.4% from RM172.64 million a year earlier on lower operating expenses, finance costs and income tax expenses despite recording lower revenue.

Dr Mahathir: “They may not have all the details, it will take time [to get the complete picture].”

It is not that the government does not want to build but it has ‘a lot of debts owed by 1MDB’

"We are offering cheaper rate [at normal travelling hours] as not many people are using, that would mean people will choose that time to travel to the benefit from the reduction of the rates."

Investor sentiment has been boosted by talk of ECRL’s revival

Sharil was speaking at the Nomura Islamic asset management 10th anniversary investment forum here today.

The REIT attributed the minimal growth to lower revenue, though lower advertising and promotional expenses of RM1.6 million and maintenance expenses of RM1.8 million helped sustain its NPI.

The agreement provides for the option to enter into a sale and purchase agreement and leaseback of two pieces of land in Penang, coupled with the factory and all buildings erected on the site, for RM50 million.