News about del

KUALA LUMPUR (Nov 6): Encorp Bhd's indirect wholly-owned subsidiary Encorp Iskandar Development Sdn Bhd (EIDSB) has served a notice of arbitration against Konsortium Ipmines Merz Sdn Bhd (KIMSB), seeking RM11.

KUALA LUMPUR (Nov 5): MMAG Holdings Bhd is planning to dispose of a piece of freehold vacant industrial land in Klang for RM13 million in cash to Acter Carton Enterprise Sdn Bhd.

KUALA LUMPUR (Nov 1): The details of the proposed acquisition of four Gamuda Bhd toll concessionaires, which were supposed to be finalised yesterday between the company and the government, has been extended for another two months, with the latest completion date set no later than March 31 next year, according to the company.

KUALA LUMPUR (Oct 16): An auditor has obtained an injunction preventing the Disciplinary Committee (DC) of the Malaysian Institute of Accountants (MIA) from making public any adverse decision concerning a 1Malaysia Development Bhd (1MDB)-related investigation against him.

PETALING JAYA (Sept 13): Cypark Resources Bhd's waste to energy (WTE) incinerator plant in Ladang Tanah Merah, Port Dickson, Negri Sembilan cannot begin operations due to some technical issues with the road access to the landfill area.

KUALA LUMPUR (Aug 6): The Construction Industry Development Board (CIDB) Malaysia hopes there will be allocation under Budget 2020 for incentives to encourage the construction industry to adopt Building Information Modelling (BIM).

KUALA LUMPUR (Aug 3): The stock of household debt as a share of gross domestic product (GDP) in Malaysia has declined over the years, thanks in part to a weaker housing market, and more deleveraging is likely to continue.

  KUALA LUMPUR (May 24): Audit firm Deloitte has denied being the subject of investigation into scandal-ridden IMDB following a raid by the Malaysian police on its Kuala Lumpur office today.

KUALA LUMPUR (Feb 1): In the first case of an audit firm being penalised in connection with the 1Malaysia Development Bhd (1MDB) scandal, the Securities Commission Malaysia (SC) yesterday fined Deloitte PLT RM2 million for failing to discharge its statutory obligations, including not immediately reporting irregularities.

KUALA LUMPUR (Jan 26): Deloitte and KPMG are being probed by the Securities Commission (SC) (pictured) over their role in the 1MDB scandal, reported the South China Morning Post (SCMP) yesterday.