Acme Holdings sees 18.24% stake traded off-market
KUALA LUMPUR (April 11): Acme Holdings Bhd saw 41.
East-coast’s GDP expected to rise 1.5% with ECRL
KUALA LUMPUR (April 11): The construction of the high-impact East Coast Rail Link (ECRL) in Kelantan is progressing slightly ahead of schedule, according to Malaysia Rail Link Sdn Bhd (MRL) which is optimistic of the economic spin-offs that the connection will bring to the region.
ECRL proves govt's determination to make changes in East Coast
PETALING JAYA (April 11): Prime Minister Datuk Seri Najib Tun Razak (pictured) said the East Coast Railway Line (ECRL) demonstrates the government determination to introduce major changes in Kelantan and the east coast states of Peninsular Malaysia.
Yong Tai to raise up to RM1b via sukuk
KUALA LUMPUR (April 11): Yong Tai Bhd has established a sukuk or Islamic Medium Term Note Programme of RM1 billion in nominal value to finance its investment activities, capital expenditure and working capital requirements.
Sanichi buys Johor-based realty firm for RM8m
KUALA LUMPUR (April 10): Sanichi Technology Bhd is acquiring a 70% stake in a Johor-based realty company for RM8 million for potential profit contribution.
Ikhmas Jaya surges 17.14% after unit lands jobs worth RM257.72m
KUALA LUMPUR (April 10): Ikhmas Jaya Group Bhd shares surged 17.
GE 14, potential interest rate hike key deterrents to property demand
PETALING JAYA (April 9): Uncertainties in the political landscape and a potential interest rate hike of 25 basis points will be the key deterrents to property demand in Malaysia, according to RHB Research Institute.
Only 30% of ERCL workers will be foreigners, says project owner
KUALA LUMPUR (April 5): Malaysia Rail Link Sdn Bhd (MRL), the owner of the East Coast Rail Line (ECRL) project, says only 30% of the total workers involved in the RM60 billion project will be foreigners from China and other Asian countries, allaying concerns that the project is mostly run by the Chinese.
Zahid: People will reject scrapping of ECRL
PETALING JAYA (April 4): The people will reject Tun Dr Mahathir Mohamad’s promise to stop the East Coast Rail Link (ECRL) project if the opposition coalition wins the 14th general elections, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi (pictured).
Construction sector’s contract outlook still robust
Construction sector Maintain overweight: High-beta construction stocks were among the least favoured in the first quarter of 2018 (1Q18), with the Kuala Lumpur Construction Index falling 9% year to date (YTD), weighed down by global stock market selldown.
