Facing more than 40% rise in electricity cost, steel players seek review of new ICPT surcharge
Depending on the steelmaking route, both steelmaking and rolling processes consume up to 650 kWh electricity to produce one tonne of steel product.
Samaiden’s 531 kWp PV system at Sunway Nexis commences operations
Samaiden Capital Management Sdn Bhd will operate and maintain the system, which has a capacity of 531 kilowatt-peak (kWp) for a duration of 20 years.
Another 25bps OPR hike expected in January as November inflation stays elevated
As robust consumer demand drove November's consumer price index up 4% year-on-year — with core inflation hitting a new high of 4.2% — economists expect the upbeat momentum to continue and result in Bank Negara Malaysia having to raise the overnight policy rate or OPR by another 25 basis points to 3% in its Monetary Policy Committee meeting next month.
Putrajaya MRT Line Phase 2 to start operation in March 2023
Putrajaya MRT Line Phase 2 will be fully operational from March 2023, as the construction of the line has been completed.
Up to 80% savings await visitors at Genting Highlands Premium Outlets, Johor Premium Outlets this Christmas season
There are also new and refreshed stores at both Genting Highlands Premium Outlets (Burbery and Salvatore Ferragamo) and Johor Premium Outlets (Balenciaga, Bally, Fendi, Hooga, Karl Lagerfeld, Kenzo, Sacoor Outlet and Valentino) to welcome visitors.
MOT: ECRL construction cost at RM50.27b, development cost at RM24.69b
The Ministry of Transport (MOT) said the total development cost of the East Coast Rail Link (ECRL) project is now estimated at RM74.96 billion consisting of construction cost at RM50.27 billion, while other development costs amount to RM24.69 billion.
EPF passes resolution to terminate, wind up Alpha REIT
The Employees Provident Fund (EPF), as the sole unitholder of Alpha Real Estate Investment Trust (Alpha REIT), has taken the decision to terminate and wind up the unlisted shariah-compliant REIT.
OCR Land tops up YOLO Signature Suites 'socialtainment' project
OCR Land Holdings Sdn Bhd has topped up the YOLO Signature Suites of its RM284.9 million gross development value project in Bandar Sunway.
GDB lands RM247m contract to design and build logistic hub
GDB Holdings Bhd has secured a RM247 million design-and-build contract to construct a logistic hub in the Bandar Bukit Raja 2 Industrial Park in Klang.
YSP Southeast Asia buys property in Bandar Baru Bangi for RM31 mil
Pharmaceutical and veterinary products manufacturer YSP Southeast Asia Holdings Bhd (YSPSAH) is buying a property in Bandar Baru Bangi, Selangor for RM31 million.
