News about EC

Environmental issues are becoming more pressing these days as humanity tries to address the problems plaguing Mother Earth.

KUALA LUMPUR (Sept 20): Malaysian property developer UEM Sunrise Bhd may acquire rival Eco World Development Group Bhd in a share swap deal, New Straits Times reports, citing unidentified sources.

KUALA LUMPUR (Sept 19): Eco World Development Group Bhd's third quarter net profit jumped 81.

GEORGE TOWN: Pressure group Penang Forum has rubbished an explanation by Chief Minister Chow Kon Yeow that the state waited two years for the Department of Environment (DoE) to approve the Environmental Impact Assessment (EIA) report for the Penang South Reclamation (PSR) project.

KUALA LUMPUR (Sept 19): The Federal Territories Ministry will work on the supply side to provide more affordable homes for middle class city dwellers, minister Khalid Samad said today.

KUALA LUMPUR (Sept 19): Prominent economist Professor Dr Jomo Kwame Sundaram has urged the federal government to reopen the question of cancelling the East Coast Rail Link (ECRL) mega infrastructure project, following 1Malaysia Development Bhd (1MDB)-Tanore trial key witness Datuk Amhari Efendi Nazaruddin's statements that the project was mooted to bail 1MDB out.

KUALA LUMPUR (Sept 19): Atrium Real Estate Investment Trust  plans to raise up to RM999 million by establishing a medium-term note (MTN) programme to part-finance the purchase of properties in Penang.

GEORGE TOWN: Chief Minister Chow Kon Yeow said the South Reclamation (PSR) project took two years to get the green light from Putrajaya, according to a report from Free Malaysia Today.

KUALA LUMPUR (Sept 17): Macquarie Capital Securities (M) Sdn Bhd said today that it had cut its Kerjaya Prospek Group Bhd earnings per share (EPS) forecast by 18% for financial year ending Dec 31, 2019 (FY19) and 8% each for FY20 and FY21, in anticipation that the builder's property developer clients will extend project timelines to manage cash flow, amid the property market slowdown.

KUALA LUMPUR (Sept 17): Hong Leong Investment Bank Bhd said today Tenaga Nasional Bhd may face long-term earnings risk related to electricity pricing and take-up rate based on the auction mechanism under Malaysia's proposed 10-year masterplan to reform the power industry.