News about RAs

The group in a filing with Bursa on Aug 18 said it also saw a lower share of results of associates and joint ventures in the current quarter, mainly due to a share of loss in an associated company resulting from fair value loss on its investment properties.

CGS-CIMB said cement industry's prospects will look brighter post the fourth quarter of calendar year 2023 once there is clarity on the MRT3, Bayan Lepas Light Rail Transit and HSR, which have a combined value of circa RM90 billion.

Fitters said that the disposal between its indirect wholly-owned subsidiary — Rasa Anggun Development Sdn Bhd — and Aikbee had been terminated due to Aikbee’s failure to pay the balance purchase price on or before the extended completion date.

While the termination of the controversial Petaling Jaya Dispersal (PJD) Link was welcomed by many Petaling Jaya residents and non-governmental organisations who have been calling for the project to be scrapped due to environmental and social concerns, Parti Pribumi Bersatu Malaysia (Bersatu), one of the main component parties of Perikatan Nasional (PN), has questioned the right of the caretaker Selangor government led by Menteri Besar Datuk Seri Amirudin Shari in making such an impactful decision ahead of the polls.

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"Why was this announcement made during the election period, and not at any point earlier?" KUALA LUMPUR (Aug 2): Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari (pictured) to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.

The four, who are part of the "Say No to PJD Link" movement led by lawyer T Chakaravarthi, in a statement on Wednesday (Aug 2) said while they welcome the caretaker Selangor Menteri Besar Datuk Seri Amirudin Shari's announcement of the cancellation of the project, they noted that there are subsequent news quoting Amirudin as saying that the project may be revived if some conditions are met.

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“We will see first whether the decision is carried through.

Menteri Besar Datuk Seri Amirudin Shari said the decision was made as the administration is “not satisfied with the plans proposed”, especially in relation to its social impact on Petaling Jaya residents.