Country Heights CEO resigns after failing to restructure debts
KUALA LUMPUR (Sept 18): Country Heights Holdings Bhd group chief executive officer (CEO) Datuk Low Kok Thai has resigned, just six months after being appointed to the post.
Matrix Concepts ventures into healthcare
PETALING JAYA (Sept 18): Matrix Concepts Holdings Berhad is venturing into the healthcare sector by signing a Management Agreement for operational management of the Pusat Hemodialysis Mawar’s (PHM) specialist hospital division, hemodialysis centre and clinics in Bandar Sri Sendayan, Negeri Sembilan.
IHH to buy Prince Court Medical Centre from Khazanah for RM1.02b
KUALA LUMPUR (Sept 17): IHH Healthcare Bhd has proposed to buy the entire stake of Prince Court Medical Centre Sdn Bhd (PCMC) for RM1.
Macquarie cuts Kerjaya Prospek Group's EPS forecast
KUALA LUMPUR (Sept 17): Macquarie Capital Securities (M) Sdn Bhd said today that it had cut its Kerjaya Prospek Group Bhd earnings per share (EPS) forecast by 18% for financial year ending Dec 31, 2019 (FY19) and 8% each for FY20 and FY21, in anticipation that the builder's property developer clients will extend project timelines to manage cash flow, amid the property market slowdown.
Tenaga subject to pricing, take-up risk under Malaysia electricity masterplan: Hong Leong
KUALA LUMPUR (Sept 17): Hong Leong Investment Bank Bhd said today Tenaga Nasional Bhd may face long-term earnings risk related to electricity pricing and take-up rate based on the auction mechanism under Malaysia's proposed 10-year masterplan to reform the power industry.
Property developer fined RM1.5m for abetting Ku Nan in RM1m bribery case
KUALA LUMPUR (Sept 17): Businessman Datuk Tan Eng Boon (pictured, centre) was fined RM1.
Govt unlikely to introduce new tax measures for Budget 2020, says RHB Research
KUALA LUMPUR (Sept 17): RHB Research Institute Sdn Bhd said the government is unlikely to introduce new tax measures for Budget 2020.
Federal govt should look into property expo for foreigners: Johor exco
JOHOR BARU (Sept 17): Johor Housing, Communication and Multimedia Committee chairman Dzulkefly Ahmad said the Federal Government should look into the benefits or disadvantages of a property expo for foreigners mooted by the Housing and Local Government Ministry before a final decision is made.
Supermarkets and hypermarkets in Malaysia are consolidating: Industry expert
PETALING JAYA (Sept 17): Supermarket and hypermarket operators in Malaysia are shutting down under-performing stores, Retail Group Malaysia managing director Tan Hai Hsin said.
Sarawak closes 298 schools due to haze
MIRI (Sept 17): Sarawak has shut down 298 schools in eight districts this morning due to the haze situation in the state.
