IGB REIT 4Q net profit down 9.9%
KUALA LUMPUR (Jan 24): IGB Real Estate Investment Trust’s (IGB REIT) net profit for the fourth quarter (4Q) ended Dec 31, 2018 slipped 9.
RFID project did not breach Touch ’n Go deal with CIMB — PLUS
KUALA LUMPUR (Dec 19): PLUS Malaysia Bhd confirmed yesterday it had been served with an arbitration notice by CIMB Group Holdings Bhd to restraint PLUS from engaging further in the PLUS Radio Frequency Identification (PLUS RFID) business.
CIMB takes legal action to halt PLUS Malaysia’s RFID plans
KUALA LUMPUR (Dec 18): CIMB Group Holdings Bhd has initiated legal action against PLUS Malaysia Bhd, claiming the latter has breached its obligations under a 1998 joint-venture agreement (JVA) in relation to Touch ’n Go Sdn Bhd, by launching its own toll collection system.
PLUS, LPT2 to give 50% discount for toll charges on June 13-14
PETALING JAYA (June 12): The North-South Expressway (PLUS) and East Coast Highway 2 (LPT2) toll charges will be reduced by 50% on Wednesday and Thursday (June 13 and 14) in conjunction with Hari Raya.
Batu Tiga, Sungai Rasau toll booths removed
KUALA LUMPUR (April 2): There are now no more toll booths on Batu Tiga and Sungai Risau.
Putrajaya mulls new law to streamline state water management
PETALING JAYA (Nov 28): The federal government plans to enact a new law to streamline the management of water in each state next year, said Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar.
RE/MAX Malaysia equity crowdfunding programme sees good response
PETALING JAYA (Dec 9): RE/MAX Malaysia’s equity crowdfunding (ECF) programme has attracted investors’ attention with 48% of the offerings already subscribed before the official launch yesterday, said CrowdPlus.
EDL sale will give MRCB ‘sound footing, financially’
KUALA LUMPUR (Oct 18): Malaysian Resources Corp Bhd (MRCB) will use the proceeds from the disposal of its stake in MRCB Lingkaran Selatan Sdn Bhd, the concession holder of the Eastern Dispersal Link (EDL) Expressway in Johor, to settle debts and fund future property developments.
Ireka aborts Senawang land acquisition
KUALA LUMPUR (July 12): Ireka Corp Bhd (Ireka) has aborted the freehold land acquisition measuring 21.