The report also said multiple new records in property sales were set in the same period — the highest price per sq ft land deal, the biggest sum paid for an office block and the sale of the hotel with the largest room inventory.

The report said mergers and acquisitions (M&A) in 2010 started with government-linked UEM Land Holdings Bhd launching a RM1.4 billion takeover bid for privately-held property developer Sunrise Bhd, known for developing Mont’Kiara.

The report said projects such as the extension of the light rail transit (LRT) in the Klang Valley to the Second Penang Bridge contributed to the economy and directly benefited a host of construction and construction-related companies but required a lot of borrowed money made worse by ballooning costs.

There were quarters claiming that the ministers received certain allowances including parking allowance said to be more than RM5,000, to the extent of drawing severe criticism from netizens who described the amount as excessive.

In a bourse filing yesterday, the group said Asiabio Capital Sdn Bhd and Tan Sik Eek are calling for the EGM to be convened on Jan 16 to elect Dr Azirul Salihin Anuar, Chua Yeong Lin and Mah Soon Chai to the group’s board.

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.

In a filing with Bursa Malaysia, 7-Eleven said it is subscribing 490,030 new shares at RM15.33 a share, giving the group 46.45% stake in the enlarged issued share capital of MSB.

Meanwhile, the prices per litre of RON95 and diesel will remain at RM2.08 and RM2.18 respectively.

On the other hand, he said the problems causing delay have been attributed to weather conditions, land ownership and contractor problems.

MEF expects retrenchments in Malaysia to increase to 30,000 workers in 2019 compared to the 21,000 reported in 2018 as the country is affected by the sluggish global economy and the uncertainty that surrounds it.