Sunway could emerge as one of the potential contenders for the ECRL project, says CGSCIMB Research
KUALA LUMPUR (July 17): CGSCIMB Research has a “Hold” rating on Sunway Bhd at RM1.
SRC borrowed RM4b from KWAP — and must repay more than RM9.2b
KUALA LUMPUR (July 15): A former senior partner with law firm Hisham, Sobri & Kadir, who acted for the Retirement Fund Inc (KWAP), told the High Court that SRC International Sdn Bhd will have to pay back more than RM9.
PAC report: Only RM1.5b GST refunds overdue, not RM19.4b claimed by Finance Minister
KUALA LUMPUR (July 15): Only RM1.
Chinese investments bring huge economic potential
KUALA LUMPUR: Rising investments from China can bring immense economic potential to Malaysia, but there needs to be a higher level of transparency and accountability in such state-business relations to prevent power abuse, according to economists.
Guan Eng: EPF, Khazanah oppose PLUS acquisition by Maju
KUALA LUMPUR (July 11): The Ministry of Finance (MoF) has made a preliminary decision to oppose the takeover of highway operator PLUS Malaysia Bhd by Maju Holdings Sdn Bhd after considering the views from PLUS' major shareholders Khazanah Nasional Bhd and the Employees Provident Fund (EPF).
Paramount to launch four projects worth RM783m GDV in 2H19
KUALA LUMPUR (July 10): Paramount Corp Bhd is planning to launch four new projects with a combined estimated gross development value (GDV) of RM783 million in the second half of 2019 (2H19).
Loan given out before govt guarantee issued as SRC needed second RM2b loan ‘urgently’
KUALA LUMPUR (July 9): A witness from the Ministry of Finance testified that he was asked to sign a letter on behalf of the ministry, ordering the Retirement Fund (Incorporated) (KWAP) to release a RM2 billion loan to SRC International Sdn Bhd months before a government guarantee was issued, as the company needed the funds urgently.
MoF: IRB's voluntary disclosure scheme induces 486,360 taxpayers to reveal undeclared income
KUALA LUMPUR (July 8): The Inland Revenue Board of Malaysia (IRB)'s special voluntary disclosure programme (SVDP) has as at June 23 this year induced 486,360 taxpayers to reveal their undeclared income to the government, according to the Ministry of Finance (MoF).
MPSJ seals 14 premises with illegal extensions
SERI KEMBANGAN (July 3): The Subang Jaya Municipal Council (MPSJ) has sealed as many as 14 premises in Taman Serdang Jaya, Seri Kembangan, for unapproved structural extensions.
PWF Consolidated buys 7-storey building in Bandar Sunway for RM26m
KUALA LUMPUR (July 2): PWF Consolidated Bhd says it is buying a seven-storey stratified commercial building in Bandar Sunway for RM25.
