Tycoon Chen Lip Keong holds 92.14% of Karambunai shares as offer closes
KUALA LUMPUR (Nov 5): Tan Sri Dr Chen Lip Keong and the parties acting in concert in the offer for Karambunai Corp Bhd (KCB)’s shares have ended up with 5.
Pulau Indah power plant project not terminated as new capacity needed to meet demand in central region, says minister
KUALA LUMPUR (Nov 5): The government decided to proceed with the power generation project on Pulau Indah partly because there is a need to raise supply in the central region to cope with the strong demand, especially in the Klang Valley which accounts for 43% of the total demand in the peninsula, according to Energy, Science, Technology, Environment and Climate Change Minister Yeo Bee Yin.
MMAG to sell vacant industrial land in Klang for RM13m
KUALA LUMPUR (Nov 5): MMAG Holdings Bhd is planning to dispose of a piece of freehold vacant industrial land in Klang for RM13 million in cash to Acter Carton Enterprise Sdn Bhd.
Despite ‘zero governance’ of 1MDB-PetroSaudi JV, partnership continued to maintain ‘strategic relationship’
KUALA LUMPUR (Nov 5): The High Court here was told that the joint venture (JV) between 1Malaysia Development Bhd (1MDB) and PetroSaudi International (PSI) in 2009 had “zero governance”, yet the former persisted in partnering with the latter to preserve their “strategic relationship”, a witness said.
Seacera shareholders holding 2.5% stake propose appointment of six new directors
KUALA LUMPUR (Nov 4): Four shareholders of Seacera Group Bhd have issued a notice of resolutions to be moved at the group's 34th annual general meeting (AGM) on Nov 29, entailing the nomination of six new directors to the board.
Most of the funds raised for TRX, Bandar Malaysia went to PSI instead, says Shahrol
KUALA LUMPUR (Nov 4): Former 1Malaysia Development Bhd (1MDB) chief executive officer Datuk Shahrol Azral Ibrahim Halmi (pictured, left) today revealed that most of the funds raised by the sovereign wealth fund intended to be utilised for the development of Tun Razak Exchange (TRX) and Bandar Malaysia had instead gone to PetroSaudi International Ltd (PSI).
DBKL seals off and 'takes back' community hall in Setapak
KUALA LUMPUR (Nov 4): City Hall (DBKL) is cracking down hard on managements who are adamant about giving back community halls here.
Report: Goldman offers US$2b to Malaysia over 1MDB, Mahathir says no
KUALA LUMPUR (Nov 4): An offer of less than US$2 billion (RM8.
Najib escapes further bail conditions, but judge 'won't tolerate attempts to mislead court'
KUALA LUMPUR (Nov 4): Datuk Seri Najib Razak (pictured) today avoided having further conditions imposed on his bail, after the prosecution questioned his presence in Johor last Friday.
Parcel quit rent should be calculated based on market conditions, say stakeholders
PETALING JAYA (Nov 4): Key industry stakeholders have raised concerns over the high rates resulting from the introduction of parcel quit rent for stratified properties.
