MRCB books loss in 2Q on impairment, construction halt
KUALA LUMPUR (Aug 27): Malaysian Resources Corp Bhd reported a net loss of RM219.
High Court sets Oct 26 to rule on Deloitte's bid to quash 1MDB-linked RM2.2m fine
KUALA LUMPUR (Aug 27): The Kuala Lumpur High Court has set Oct 26 to decide on Deloitte PLT’s application for a judicial review to quash a RM2.
Cross default unlikely in Genting group as Genting HK suspends payments to lenders
KUALA LUMPUR (Aug 21): News on Genting Hong Kong Ltd (Gent HK) opting to suspend payments to all creditors to preserve cash is expected to trigger a knee-jerk reaction to the share prices of its sister companies — Genting Bhd and Genting Malaysia Bhd (GENTM) on Bursa Malaysia, although the duo do not hold any equity stake in the Hong Kong-listed cruise operator.
RICS and MIPFM form strategic partnership to promote continuing education of built environment
PETALING JAYA (Aug 19): Royal Institution of Chartered Surveyors (RICS) and Malaysian Institute of Property and Facility Managers (MIPFM) today signed a Memorandum of Understanding (MoU) to form a partnership in supporting the continuing education of the built environment in the country.
Turiya gets UMA query over sharp rise in share price, trading volume
KUALA LUMPUR (Aug 19): Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query today to Turiya Bhd on the company’s sharp rise in share price and trading volume recently.
Completion date for Sabah Pan Borneo Highway to be announced after tabling of 12MP, says Deputy Works Minister
KUALA LUMPUR (Aug 17): The new completion date for the Sabah portion of the Pan Borneo Highway will be announced after the tabling of the 12th Malaysia Plan (12MP), which is scheduled for early next year, said Deputy Works Minister Datuk Eddin Syazlee Shith (pictured).
Shahrol takes the stand to detail his final chapter in 1MDB
KUALA LUMPUR (Aug 17): The 1Malaysia Development Bhd (1MDB)-Tanore trial continues today with its former CEO Datuk Shahrol Azral Ibrahim Halmi (pictured) still in the witness stand which he took to late last year.
MEF questions need for valid work permits for re-employment of foreign workers
KUALA LUMPUR (Aug 16): While the Malaysian Employers Federation (MEF) has lauded the government’s decision to allow the re-employment of foreign workers who are currently still in the country and are no longer required by their existing employers, it has questioned the need for valid work permits.
Lawyer says he had no reason to flag RM76m in cheques from Ahmad Zahid
KUALA LUMPUR (Aug 15): A lawyer who was acting on behalf of former Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi (pictured) told the court yesterday that he did not have reason to flag cheques bearing a cumulative amount of RM76.
BNM: Malaysia GDP contracted 17.1% in 2Q20, worst decline since 4Q98
KUALA LUMPUR (Aug 14): Malaysia’s gross domestic product (GDP) contracted by 17.
