Healthier competition environment expected for SunCon
Sunway Construction Group Bhd (Sept 18, RM1.
Consumer spending to wither from 4Q
KUALA LUMPUR (Sept 18): Consumer spending — which accelerated during the tax holiday period from June to September that saw a mad rush for automotive purchases — is expected to decline from the fourth quarter (4Q18) onwards following the implementation of the sales and service tax (SST) on Sept 1, say economists.
Najib defends authenticity of 'donation' letters
KUALA LUMPUR (Sept 18): It is not unheard of for staff to sign letters on behalf of their employers, said former prime minister Datuk Seri Najib Razak (pictured) yesterday in a Facebook post as he defends the authenticity of several letters, purportedly from Saudi royalty, that he claimed were proof that the US$972 million that went into his AmBank account were personal donations to him.
Construction landscape likely to remain challenging
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
Country View gets RM232m loan to part-finance land purchase in Iskandar Puteri
KUALA LUMPUR (Sept 7): Country View has accepted banking facilities totalling RM232 million to part-finance the purchase of a piece of 164-acre vacant land in Iskandar Puteri, Johor.
MoF appoints three-man executive team to restructure Prasarana
KUALA LUMPUR (Sept 7): The Ministry of Finance (MoF) has appointed a three-man executive team to undertake changes in the organisational structure and turnaround the asset owner and operator of public transport systems Prasarana Malaysia Bhd (Prasarana).
Affin Bank confirms award of RM505m contract for TRX HQ
KUALA LUMPUR (Sept 5): Affin Bank Bhd confirmed today it has awarded a RM505 million contract to IJM Corp Bhd for the construction of its 47-storey headquarters at Tun Razak Exchange (TRX) here.
IJM Corp bags RM505m job to build Affin Bank headquarters in TRX
KUALA LUMPUR (Sept 5): IJM Corp Bhd has bagged a contract worth RM505 million to construct and complete the superstructure works of Affin Bank Bhd’s new 47-storey corporate headquarters at the upcoming international financial district Tun Razak Exchange (TRX).
Long-term ties more important than current problems between two nations — Li Keqiang
BEIJING (Aug 20): Malaysia and China's friendly long-term diplomatic ties are "far more important than the current problems" between the two nations, said China's Premier Li Keqiang.
