Axis REIT acquires industrial property in Nilai for RM50m
KUALA LUMPUR (Oct 9): Axis Real Estate Investment Trust is buying a property in the industrial area of Nilai from K-Plastics Industries Sdn Bhd for RM50 million.
DPM: Govt mulling sinking fund for industries to reduce impact of disasters
PUCHONG (Oct 8): The government is considering the creation of a “sinking fund” to increase industry player's responsibility in managing and restoring disasters in the country, according to a Malay Mail article today.
PRG ventures into timber logging to diversify revenue
KUALA LUMPUR (Oct 8): PRG Holdings Bhd, which is mainly involved in the manufacturing of webbings, furniture components, other fabric items, as well as the property sector, is now venturing into the timber export business as a means to diversify its revenue stream amidst an economic slowdown.
Shared Prosperity Vision 2030 to further grow economic complexity: Azmin Ali
KUALA LUMPUR (Oct 7): Shared Prosperity Vision 2030 (SPV 2030) is aimed to further grow economic complexity and propel the nation towards high value-added economic activities, said Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali.
Difficult to imagine PLUS in the hands of private entities, says Khazanah MD
KUALA LUMPUR (Oct 7): As PLUS Malaysia Bhd is a strategic asset of Khazanah Nasional Bhd, its managing director Datuk Shahril Riza Ridzuan said it would be difficult to imagine the highway owner and operator in the hands of a private entity.
Dr Mahathir: 'Yes, we can sell' PLUS Malaysia
KUALA LUMPUR (Oct 7): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government can sell highway owner and operator PLUS Malaysia Bhd to private entities on the condition that the government still participates in the company's future decision making.
'Do away with ouster clauses'
KUALA LUMPUR (Oct 7): Ouster clauses should be made unconstitutional, says former Federal Court justice Datuk Seri Gopal Sri Ram, referring to laws passed by Parliament that seek to prevent a judicial review of decisions made by the executive branch of the government.
S P Setia's Osaka project to benefit both Malaysia and Japan
OSAKA (Oct 5): Malaysia Housing and Local Government (KPKT) Minister Zuraida Kamaruddin and the Mayor of Izumisano City in Osaka, Hiroyasu Chiyomatsu expect S P Setia Bhd’s upcoming mixed development in Izumisano City to create economic benefits for both countries.
Reviving LTAT's diminishing returns
KUALA LUMPUR (OCT 5): Years of paying more returns than it can afford has led the Armed Forces Fund (LTAT) to its worst dividends in 46 years - 2% for FY18.
Anzo’s RM153m Melaka construction contract terminated
KUALA LUMPUR (Oct 5): Anzo Holdings Bhd’s RM153 million construction contract in Melaka has been terminated, citing “financial challenges” as reason.
