Gamuda, KPS accept takeover offer for SPLASH

KUALA LUMPUR (Aug 10): Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) announced yesterday that they have resolved to accept the state government’s offer for Syarikat Pengeluar Air Sungai Selangor Sdn Bhd (SPLASH), confirming a report by The Edge Financial Daily published on Monday.

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Sunway REIT declares 2.15 sen DPU, warns property glut is a challenge

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

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Najib: 'I can defend myself'

KUALA LUMPUR (Aug 10): Former Prime Minister and UMNO president Datuk Seri Najib Razak said UMNO does not need to defend him against the slanders made against him as he can defend himself.

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Najib arrives at High Court for gag order hearing

KUALA LUMPUR (Aug 10): Former premier Datuk Seri Najib Razak (pictured) arrived at the Kuala Lumpur High Court at 8:52am today for the hearing on his application for a gag order to prevent the public from discussing the merits of his court case and criminal charges, so as to avoid a trial by media.

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Sick of 4-hour commutes, Penangite groups back PTMP

PETALING JAYA (Aug 9): Some Penangites who are sick of traffic jams along the roads to the Bayan Lepas Free Industrial Zone have thrown their weight behind the contentious Penang Transport Master Plan (PTMP) via a petition supporting the project.

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Gamuda to lose O&M contract with SPLASH, says Xavier

KUALA LUMPUR (Aug 9): Gamuda Bhd's 80%-owned unit Gamuda Water Sdn Bhd would not continue to be the operation and maintenance (O&M) contractor for the SSP3 Water Treatment Plant, according to Minister of Water, Land and Natural Resources Dr Xavier Jayakumar.

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