News about d

On Dec 1 last year, the company said it was still in the midst of formulating a regularisation plan to address its financial condition.

"The company does not expect to incur any losses arising from the commencement of the arbitration proceedings other than legal cost and the associated costs.

Revenue likewise declined by 49.

For the cumulative six-month period (1HFY2023), the property developer posted a net profit of RM10.

These lands are strategically located within the proximity of multiple industrial parks and the region’s economic hub of Johor Bahru, being just 18 kilometres (km) away from Senai International Airport with its associated logistics and industrial hubs, and 39km away from Johor Bahru city centre.

The contract is scheduled to commence on Feb 13 and is expected to be completed within 14 months from the commencement date.

Looking ahead, Fitch Solutions expects the fading of base effects and pent-up demand, tighter credit conditions, and a weakening global growth outlook to pose significant growth headwinds.

"The group's plans to expand its New York gaming operations under Genting Malaysia Bhd may affect its credit quality, but such developments, including the timing and funding structure of the investment, ultimately hinge on the awarding of the casino licence, which remains uncertain at this point.

Despite the adoption of MM2H more than two decades ago, it is unfortunate that we have not been able to capitalise sufficiently on our first-mover advantage.

“For clarity, neither Datuk Seri Chin, any directors of Ageson, Ageson nor any entities within Ageson are related to the company mentioned in the news, i.