News by Wong%20Ee%20Lin

This is after over two years since it entered a conditional joint venture agreement with Jade Classic Sdn Bhd to develop a potential mixed development on the said land.

However, the name of the individual was not revealed in its stock exchange filing on Sunday, while the group had announced on Jan 21 that its then CEO, 46-year-old Datuk Seri Kee Soon Ling had retired. No replacements have been announced since.

This is its second construction job this month, bringing its contract secured to RM948.95 million year to date.

“It (e-wallet) is a very expensive game, so consolidation will come because some [smaller] players will just fall off, while some bigger players may look into mergers and acquisitions."
 

When contacted, TNG Digital Sdn Bhd chief executive officer (CEO) Ignatius Ong said the crash in the system was due to the “extreme surge” in traffic. Ong, however, noted that the company was able to "stabilise the system”. He added that the system is "back to normal".

The guidelines are for designated non-financial businesses and professions (DNFBPs) and non-bank financial institutions (NBFIs) such as licensed casinos carrying on gaming business, moneylenders and pawnbrokers.

Speaking to reporters after its extraordinary general meeting (EGM) here today, GSB executive chairman Datin Toh Siew Chuon said the group's strategy is to continue to focus on residential property development. However, should there be any opportunity to go into other types of development, GSB will explore it.

The diversified group pointed out that the loss last year was mainly due to a RM1.83 billion impairment loss by its 49.45%-unit Genting Malaysia Bhd (GenM) in an investment in promissory notes issued by the Mashpee Wampanoag Tribe to finance the tribe’s development of an integrated gaming resort in Taunton, Massachusetts, US.

In a filing with Bursa Malaysia, the REIT said the 12.6% increase in master leases to RM36.3 million was mainly due to the acquisition of The Green Leaf Niseko Village in September 2018 and additional rental from JW Marriott Hotel Kuala Lumpur effective July 2019, after completion of the reimbursement for renovation costs paid by the lessee.

“As a result of the breach of DA, the plaintiff had suffered severe loss and general damages,” KPS Consortium said.