News about ER

KUALA LUMPUR (Sept 26): Traffic at KM42 of Jalan Simpang Pulai-Cameron Highlands near Ipoh, Perak came to a halt when heavy rains turned a slope into a river of mud, reported the Malay Mail today.

KUALA LUMPUR (Sept 26): Cahya Mata Sarawak Bhd (CMSB) has appointed Tan Sri Abdul Rashid Abdul Manaf as its independent and non-executive group chairman effective Oct 1.

KUALA LUMPUR (Sept 26): It looks like the local property market is still not out of the woods, just yet.

KUALA LUMPUR (Sept 26): Crest Builder Holdings Bhd has entered into a memorandum of understanding (MoU) with T7 Global Bhd to collaborate to prepare a detailed technical proposal for the construction and subsequent execution of works for the proposed mixed development, Latitud8 at Jalan Ampang, according to a filing with Bursa.

SINGAPORE (Sept 26): On July 5, the government has acted to cool the red hot residential property market by introducing a fresh round of cooling measures, which included higher Additional Buyer’s Stamp Duty (ABSD) rates and tighter Loan-to-Value (LTV) limits.

KUALA LUMPUR (Sept 26): Embattled former prime minister Datuk Seri Najib Razak (pictured) has been summoned by Parliament’s Public Accounts Committee (PAC) to explain “missing” goods and services tax refunds amounting to RM19.

PUTRAJAYA (Sept 26): Datin Seri Rosmah Mansor (pictured) had today arrived at the Malaysian Anti-Corruption Commission (MACC) headquarters here for questioning again on graft allegations related to SRC International Sdn Bhd, a former subsidiary of 1Malaysia Development Bhd (1MDB).

Sapura Energy Bhd (Sept 25, 44 sen) Maintain trading buy with an unchanged target price (TP) of 81 sen: Sapura Energy Bhd announced that it had been awarded multiple contracts in four different countries — Malaysia, Australia, Brunei and Nigeria — with a combined value of about RM815 million.

KUALA LUMPUR (September 26): Pestech International Bhd has bagged a RM399 million sub-contract from Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd to undertake engineering, procurement, construction and maintenance works relating to the electrification system for the electrified double track from Gemas to Johor Baru.

KUALA LUMPUR (September 26): Datin Seri Rosmah Mansor has been summoned by the Malaysian Anti-Corruption Commission (MACC) again, and may also face criminal charges alongside her husband, embattled former prime minister Datuk Seri Najib Razak, for her involvement in the case of SRC International Sdn Bhd — a former subsidiary of 1Malaysia Development Bhd (1MDB).