News about API

PETALING JAYA (March 6): US-based Carlyle Group and Luxembourg-based CVC Capital Partners “are believed to be the front runners in the race to acquire Trendcell Sdn Bhd, the owner and operator of supermarket chain Jaya Grocer,” sources told The Edge Malaysia in a report this week.

KUALA LUMPUR (March 4): LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow (pictured) said Malaysia’s low interest-rate environment is expected to persist into the foreseeable future as the Covid-19 pandemic and effectiveness of global efforts to contain its spread continue to dominate the world economic landscape.

After several suspensions and delays, the multi-billion ringgit Johor Bahru (JB)-Singapore Rapid Transit System (RTS) Link finally kicked off in Nov 2020.

KUALA LUMPUR (Feb 4): The construction sector is expected to post an earnings recovery in 2021 following the government’s plans to pump-prime the economy, opined Affin Hwang Capital Research senior associate director Loong Chee Wei.

KUALA LUMPUR (Feb 4): The government is likely to look into the possible reimplementation of the goods and services tax (GST), but the implementation of the tax would likely be in 2022 and into 2023.

KUALA LUMPUR (Feb 4): Malaysia's gross domestic product (GDP) growth is expected to hover around 5% in 2021 due to the second Movement Control Order (MCO 2.

KUALA LUMPUR (Jan 25): CGS-CIMB Securities Sdn Bhd said today the worst is likely over for the share price of retail-centric CapitaLand Malaysia Mall Trust (CMMT) in anticipation that the Covid-19 pandemic vaccine rollout in March 2021 will help turn around the country’s retail sector.

KUALA LUMPUR (Jan 20): Mobilus Sdn Bhd has welcomed the arrival of the first automated rapid transit (ART) system into Johor, which is set to be the site for a bus pilot testing programme to be launched in Iskandar Malaysia in the first quarter of 2021.

KUALA LUMPUR (Dec 31): Loss-making Top Builders Capital Bhd (formerly known as Ikhmas Jaya Group Bhd) has obtained court orders to restrain its creditors from taking action against the group and its assets, as well as to summon them to attend meetings for the purpose of discussing restructuring arrangements.

KUALA LUMPUR (Dec 5): Hypermarket operator TF Value-Mart (TF) may have recently changed owners, but they are keeping to its successful and simple formula of focusing on second-tier cities and remaining asset-light, The Edge Malaysia reports.