News about TM

KUALA LUMPUR (Dec 31): Hiap Huat Holdings Bhd is buying 4.

KUALA LUMPUR (Dec 30): TA Securities Holdings Bhd said today Malaysia's corporate actions in 2020 may include the privatisation of Tiong Nam Logistics Holdings Bhd by major shareholders based on the company's financial position, future cash requirement besides share price and public shareholding spread.

KUALA LUMPUR (Dec 30): Based on a Budget 2019 announcement, a 6% service tax would be imposed on foreign digital services effective Jan 1, 2020.

PETALING JAYA (Dec 27): Following backlash over the announcement that the Critical Services Incentive Payment (BIPK) would be abolished, the Public Service Department (JPA) released a statement yesterday, saying that the BIPK or critical allowance was implemented as a temporary measure that could be abolished if it was determined to no longer be relevant, or to no longer fulfil particular criteria.

KUALA LUMPUR (Dec 25): The Public Service Department (PSD) has explained that the Critical Service Incentive Payment (BIPK) for civil servants is not permanent, is designed to be needs-based and reviewed every five years.

KUALA LUMPUR (Dec 25): The government will not be providing "critical service incentive" to doctors, nurses, engineers and other professionals entering the civil service starting from next year, the Public Service Department (PSD) announced in a circular on Dec 20.

KUALA LUMPUR (Dec 25): Axis Real Estate Investment Trust (Axis REIT) is acquiring a piece of land siting two blocks of factory and a double-storey office building at the Bukit Raja Industrial Area, Selangor from Lion Steelworks Sdn Bhd for RM37 million – about 5% lower than its market value.

KUALA LUMPUR (Dec 23): Property developer ASM Development (KL) Sdn Bhd (ASMDKL), a unit of Maju Holdings Sdn Bhd, has countersued Econpile Sdn Bhd, a subsidiary of Econpile Holdings Bhd, for almost RM346 million for its failure to carry out work at its Maju Kuala Lumpur project, in response to a suit filed by the construction contractor in March this year.

KUALA LUMPUR (Dec 20): A unit of Puncak Niaga Holdings Bhd has received two bills of demand from the Royal Malaysian Customs Department for Goods and Services Tax payments totalling RM5.

KUALA LUMPUR (Dec 18): Azilah Hadri, the convicted murderer of Mongolian model and translator Altantuya Shaariibuu, has not left the Kajang Prison since April 2015, according to the Prisons Department.