Batang Kali landslide: Body of 24th victim found
The body of a girl has been found at the landslide site of the Father’s Organic Farm campsite, taking the death toll to 24.
EcoWorld’s 4QFY2022 earnings hit by impairment; declares two sen dividend
Eco World Development Group Bhd (EcoWorld)’s quarterly net profit was hit by impairment in the fourth quarter ended Oct 31, 2022 (4QFY2022), as it contracted to RM1.78 million compared with RM42.84 million a year ago.
UEM Sunrise aborts plan to sell stake in South African firm
UEM Sunrise said both the group and the purchaser, Olive Investment Trust, have mutually agreed to discontinue with the proposed divestment since the settlement of the consideration was not concluded and settled within the prescribed time.
Axis REIT's private placement priced fixed at RM1.75 a unit to raise some RM175m
The company said the issue price represents a discount of approximately 3.06% to the volume-weighted average price of the units for the five market days up to and including Dec 15 of RM1.8052 per unit.
UEM Sunrise injects Johor land into JV with CapitaLand to expand Nusajaya Tech Park
UEM Sunrise Bhd is injecting freehold plots measuring a total of 94.9ha in Johor into its joint venture with CapitaLand Development of Singapore — Nusajaya Tech Park Sdn Bhd (NTPSB) — for the expansion of new industrial phases in the Nusajaya Tech Park, Iskandar Puteri.
Axis REIT declares fourth income distribution of 2.09 sen per unit
The 2.09 sen distribution, in respect of the period from Oct 1 till Dec 22, will be paid on Jan 20 next year. The ex-date is Dec 29 and the entitlement date is Dec 30.
Eco World International posts bigger 4Q loss, but manages to turn net cash positive
Eco World International Bhd (EWI) recorded a bigger net loss of RM95.73 million for the fourth quarter ended Oct 31, 2022 (4QFY2022) from RM56.26 million a year earlier, due to further impairment on the group’s investment in EcoWorld-Ballymore in London.
Pestech signs MOU to undertake feasibility studies on solar-based projects in Cambodia
Pestech International Bhd is collaborating with a Cambodian company to produce two feasibility studies pertaining to the construction or ownership of solar-based assets in Cambodia.
PM: Govt may impose higher electricity tariffs on multinational exporters, subsidy 'not for giant companies'
Prime Minister Datuk Seri Anwar Ibrahim on Wednesday (Dec 14) indicated a potential increase in electricity tariffs on the horizon for multinational companies that export and no subsidy for selected profitable "giant" companies.
Advancecon unit secures RM87m subcontract job from KEB
The overall subcontract period is 30 months, starting from Dec 13, 2022.
