News about Malaysia

KUALA LUMPUR (Sept 4): UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET) has terminated its joint-venture (JV) agreement with Township Management Services Sdn Bhd (TMS) to operate Edgenta TMS Sdn Bhd (ETSB), which was conceived in 2016 as the country’s first holistic township management service operator.

SERENDAH (Sept 3): Transport Minister Anthony Loke Siew Fook said today Malaysia's proposed passenger service charge (PSC) cut for international travellers flying beyond Asean from klia2 and other airports besides the Kuala Lumpur International Airport (KLIA), to RM50 from RM73 is "not temporary" because the Cabinet has decided on the matter.

KUALA LUMPUR (Sept 3): Setia Precast Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, today received the highest-in-the-country Industrialised Building System (IBS) score of 93.

KUALA LUMPUR: Malaysia’s two biggest banks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, said last week they expect Bank Negara Malaysia to cut the overnight policy rate (OPR) by another 25 basis points (bps) by year end, reflecting rising expectations of one.

KUALA LUMPUR (Aug 31): LBS Bina is eyeing the launch of “properties in the higher price range” and is “confident that there will be demand in this segment”.

KUALA LUMPUR (Aug 31): Ahmad Zaki Resources Bhd (AZRB)'s second quarter net profit fell 12% to RM4.

KUALA LUMPUR (Aug 31): Malaysia Building Society Bhd registered a 24% year-on-year increase in the second quarter profit of its financial year 2019, as the group recorded lower than expected credit losses during the quarter under review.

KUALA LUMPUR (Aug 31): Sunsuria Bhd chief executive officer Koong Wai Seng has resigned from his executive position effective yesterday, after helming the property developer for about three years.

For Prof Datuk Dr Asma Ismail, the vice-chancellor of Universiti Sains Malaysia (USM), being a leader is about uplifting the overall ecosystem and in making an impact no matter the area that one is in.

One of the most adored and respected women in Malaysia — Tun Dr Siti Hasmah Mohd Ali was conferred the title Ibu Negara (Mother of the Nation) this month by the Asian Strategy and Leadership Institute (ASLI) for her lifelong contribution to the nation, in conjunction with this year’s National Women’s Day which fell on Aug 25.