The rising of a property giant?
PETALING JAYA: The proposed merger between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd is the focus of the market this week as many anticipate the emergence of another property giant.
Malaysia’s new Covid-19 cases drop to 489, but active cases breach 3,000 mark for first time
KUALA LUMPUR (Oct 7): Malaysia’s new Covid-19 cases dropped to 489 today, from 691 reported yesterday, bringing cumulative cases in the country to 13,993.
Covid-19: Sime Darby Property HQ temporarily closed after staff tests positive
KUALA LUMPUR (Oct 7): Sime Darby Property has temporarily closed its HQ (pictured) in Petaling Jaya after one of its staff working in the building tested positive for Covid-19 yesterday.
Covid-19: Malaysia's daily infections jump to 691, another new daily record
KUALA LUMPUR (Oct 6): Malaysia posted a new record high of 691 Covid-19 cases today, surging past the previous peak of 432 cases recorded yesterday, according to the Health Ministry, with four new deaths.
Ex-spy chief allegedly bought six luxury watches with US$12.1m from govt
KUALA LUMPUR (Oct 6): Former Malaysian External Intelligence Organisation (MEIO) director-general Datuk Hasanah Abdul Hamid (pictured) had allegedly bought six luxury watches with part of the US$12.
EcoWorld merger plan favours UEM Sunrise, says Kenanga
KUALA LUMPUR (Oct 6): The proposed merger between Eco World Development Group Bhd (EcoWorld) and UEM Sunrise Bhd favours the latter, according to Kenanga Investment Bank Bhd, given that EcoWorld’s key shareholders would lose their majority rights, listing status and potentially their brand.
A merger to leverage the strengths of both UEM Sunrise and EcoWorld, says UEM Group chairman
KUALA LUMPUR (Oct 6): News of the proposed merger between UEM Sunrise Bhd and Eco World Development Group Bhd (EcoWorld), which will form one of Malaysia's largest real estate companies by market value, set the market abuzz yesterday.
Zafrul: Malaysia's debt levels set to rise amid pandemic
KUALA LUMPUR (Oct 5): Finance Minister Tengku Datuk Seri Zafrul Aziz has said Malaysia's debt levels are set to rise as the country embarks on measures to support businesses and citizens to deal with the economic fallout from the Covid-19 pandemic.
UEM Group proposes merger of UEM Sunrise and Eco World
KUALA LUMPUR (Oct 5): UEM Group Bhd today proposed merger of its subsidiary UEM Sunrise Bhd and Eco World Development Group Bhd.
PLUS urges highway users to follow safety SOPs at R&R, toll plazas as Covid-19 cases rise
KUALA LUMPUR (Oct 3): PLUS Malaysia Bhd has reminded highway users to strictly follow the standard operating procedures (SOPs) set by the National Security Council (NSC) and the Ministry of Health (MoH) of wearing face masks in public and adhering to one-meter physical distancing when congregating at Rest and Service Areas (R&R), lay-bys as well as interacting with PLUS customer service assistants (CSAs) on toll lanes.
