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News by THEEDGEMARKETS.COM

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MoH to meet with PM as early as this Friday to advise on MCO

22 April, 2020

MoH director-general Datuk Dr Noor Hisham said the ministry will present its latest findings on the Covid-19 situation in the country to the prime minister, and that the latter will then make the decision.

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Sime Darby expects RM270m net gain from Tesco Malaysia stake sale

22 April, 2020

In a statement today, Sime Darby said its wholly-owned subsidiaries, Sime Darby Allied Products Bhd and Sime Darby Holdings Bhd, have entered into conditional agreements with Tesco Holdings BV and Tesco Plc, as well as the buyer of the stake, CP Retail Development Company Ltd.

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MMAG's payment schedule for Penang land acquisition revised amid Covid-19 crisis

22 April, 2020

The agreement entails a revised schedule for the payment of RM8.2 million, being the second out of five payment tranches, for the contiguous industrial land in Sungai Bakap.

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Covid-19: Malaysia’s 103 recoveries top 50 new infections; one more death reported

22 April, 2020

The country's current infection number increased slightly to 5,532.

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Raise electricity tariff discount for malls and hotels to 25% from 15%, says MRMA

22 April, 2020

MRMA said Malaysian REITS (M-REITs) are burdened by operational expenditure and capital and financial commitments amid the closure of business premises during the Movement Control Order (MCO).

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Minetech Resources wins civil contract in Perak’s Hulu Grik

22 April, 2020

"The project is expected to take approximately 12 months from the date of securing the site, whilst the terms and conditions of the project is to be finalised within 6 months’ time."

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COVID-19: Number of infections in Kuala Lumpur exceeds 1,000-mark

22 April, 2020

According to the latest statistics released by the Ministry of Health (MoH), the number of active cases in the capital city was at 535, up from 523 on Monday.

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YTL Starhill Global REIT requests S&P to withdraw credit rating on RM9b property trust

22 April, 2020

"Following this withdrawal, Starhill Global REIT, its medium-term notes programmes and the notes drawn under the programmes continue to be rated by Fitch Ratings, and is currently rated 'BBB' with a stable outlook.”

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COVID-19: Malaysia's daily new cases drop below 100 for sixth time

21 April, 2020

Meanwhile, the total number of cured cases stands at 3,349 as of noon today, representing a recovery rate of 61.1%.

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Tadmax sells 25% in Pulau Indah power project to Kepco; to focus on property, construction

21 April, 2020

In a filing today, Tadmax said its unit, Tadmax Indah Power Sdn Bhd, has signed a conditional share sale agreement (SSA) with Kepco for the disposal of a 25% stake in Pulau Indah Power Plant Sdn Bhd (PIPP), which owns the 1,200MW power plant project.

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