TAFI Industries Bhd's unit has secured a RM205 million contract to build 941 units of Small Office Home Office (Soho) and related facilities in Subang Jaya, Selangor for the project's main contractor, Metbuild Sdn Bhd.
Sunway Real Estate Investment Trust is going to sell a seven-storey purpose-built hospital and land it bought for RM310 million a decade ago from Sunway Bhd's healthcare arm under a sale-and-lease-back arrangement — known as Tower A & B of Sunway Medical Centre — back to the latter for RM430 million.
The Malaysian Anti-Corruption Commission (MACC) is investigating the alleged suspicious disposal of ownership of the company that owns the concession to manage the Kuala Lumpur Tower (KL Tower).
PTT Synergy Group Bhd has proposed to acquire a piece of industrial land in Bandar Bukit Raja, Klang from Sime Darby Property Bhd for RM12.25 million.
Telekom Malaysia Bhd (TM) has clarified that the telecommunications giant's decision to exit the Kuala Lumpur Tower (KL Tower) concession is part of its business transformation programme to focus its efforts and resources on strengthening its core business of telecommunications and technology.
On Dec 20, the Dewan Rakyat unanimously approved the 2023 Mini Budget and the Consolidated Fund (Accountable Expenditure) Bill 2022.
MARC Ratings has affirmed its rating of AA+ with a stable outlook for Sime Darby Property Bhd’s (SD Property) RM4.5 billion Islamic medium-term notes (IMTN) programme (Sukuk Musharakah). The outstanding under the rated programme stood at RM800 million as of Nov 30, 2022.
“We strongly support the calls made by other professional bodies to maintain the foreign worker management system under the Ministry of Human Resources as it will not only minimise bureaucratic red tape but also streamline the process within one ministry.”
Economists, in general, are keeping their view that Bank Negara Malaysia (BNM) will raise the overnight policy rate (OPR) by another 50 basis points (bps) to 3.25% in 2023, amid expectation that inflationary pressure will ease.
Noteworthy:
When: November 2022
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