News about ER

KUALA LUMPUR (Aug 21): Lifestyle property developer Eastern and Oriental Bhd (E&O) is on the lookout for Tier 1 and Tier 2 investors, either local and foreign parties, to enter into joint ventures (JV) to develop its 253-acre Phase 2A land in Seri Tanjung Pinang 2, Penang (STP2A).

KUALA LUMPUR (Aug 21): Sakto Corp, a Canadian real estate company co-owned and operated by Jamilah Taib Murray, the daughter of Sarawak Governor Tun Abdul Taib Mahmud, has applied to Switzerland's Basel Civil Court to obtain an injunction against Swiss non-governmental organisation Bruno Manser Fonds (BMF).

BEIJING (Aug 21): Prime Minister Tun Dr Mahathir Mohamad (pictured) said today he did not ask Chinese leaders yesterday about Low Taek Jho.

BEIJING (Aug 21): Prime Minister Tun Dr Mahathir Mohamad said today Malaysia's proposed East Coast Rail Link (ECRL) and two gas pipeline projects will be cancelled due to the government's fiscal position.

PETALING JAYA (August 21): In new developments on the Highland Towers site, the proposed plan is to build 50 bungalows on 8ha of land around the site, turning the current location of the old towers into the recreational park that Housing and Local Government Minister Zuraida Kamaruddin spoke of on Aug 19.

KUALA LUMPUR (Aug 21): MRCB-Quill REIT (MQREIT) saw 48 million of its units cross off-market today.

KUALA LUMPUR (Aug 21): Eastern and Oriental Bhd (E&O)’s net profit for the first quarter of its financial year 2019 (1QFY19) fell 34% from a year ago, despite a 15% rise in revenue, as it was impacted by unrealised foreign exchange losses and losses from joint ventures (JVs).

KUALA LUMPUR (Aug 20): MB World Group Bhd saw its net profit for the second quarter ended June 30, 2018 (2QFY18) rose to RM22.

KUALA LUMPUR (August 20): Menteri Besar Ahmad Faizal Azumu lauded the termination of the licence agreement between the Movie Animation Park Studios (MAPS) in Perak and DreamWorks Animation LLC, as all rides and attractions in the theme park can be opened to visitors now.

KUALA LUMPUR (Aug 20): The Council of Eminent Persons (CEP) said it is the Government's prerogative on whether or not to share the council’s recommendations on economic and institutional reforms that it concluded yesterday.