News about Malaysia

KUALA LUMPUR (July 17): Retail sales have gone from bad to worse, said an industry expert.

KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya's RM7.

KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.

KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.

KUALA LUMPUR (July 14): Mean monthly salaries and wages fell by 9% in 2020 — the first decline since the series began in 2010 — as Malaysia's labour market experienced uneven momentum following health crisis and economic consequences last year, according to the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR (July 12): Haily Group Bhd, a building contractor of residential and non-residential buildings, saw 8.

KUALA LUMPUR (July 12): Genting Malaysia Bhd’s indirect 100%-owned subsidiary Genting New York LLC has been named among the 10 highest-spending lobbying entities in the US state of New York after the casino and hotel operator was reported to have spent US$1.

KUALA LUMPUR (July 11): The Malaysia Shopping Malls Association (PPK) and other retailer groups have urged the Selangor menteri besar to step in to help get the Enhanced Movement Control Order (EMCO) imposed in the state replaced with targeted lockdowns.

Abu Kassim had been staying at a condominium for 12 years, diligently paying his dues.

KUALA LUMPUR (July 9): MAA Group Bhd, which is seeking to make a takeover offer for all the remaining shares in Turiya Bhd after its proposed acquisition of a 57.