News by The Edge

According to sources, the concessionaire will be given a 20-year extension.

Public Investment Bank expects awards to pick up in 2020, given the mildly expansionary Budget 2020 announcement, which includes a RM56 billion allocation for development expenditure.

Amcorp, controlled by Tan Sri Azman Hashim, will buy a 63.28% stake in TEE Land from its existing parent company, TEE International. It will also buy over a separate 5.5% stake in TEE Land held directly by TEE International's controlling shareholder, Phua Chian Kin, popularly known as CK.

While the KL Property Index saw a rise at the start of 2019, touching a high of 964.6 points on Feb 21, the trend turned negative for the rest of the year with the index declining to a low of 747.62 during the year.
 

Jho Low, as he is better known, was put on the Interpol Red Notice by Singapore back in October 2016, after investigations commenced on 1MDB-related fund flows involving Singapore-based banks.

Some quarters voiced their concerns over the loss of an independent body to regulate the operations of airports in the country, while others were more worried about the prospects of MAHB.

Only a few have striven to build shareholder value by undertaking corporate exercises to unlock the true worth of their assets.

This is to make way for the hearing of the SRC International Sdn Bhd case, where the former premier's defence had been called.

Under the partnership, TLA will invest RM80 million in RCSB, of which RM40 million is for equity participation and another RM40 million for project financing.

“Our order book is currently RM1 billion with bids for RM1 billion mostly for infrastructure projects,” explained TSR Capital executive director Joshua Lim. “We have our own fleet of machinery and we want to make use of that."