AmInvestment upgrades building material sector to Neutral
KUALA LUMPUR (July 13): AmInvestment Bank Research has upgraded the building material sector to “Neutral” (from Underweight) and said it sees a mixed picture for the sector.
Malaysian retail industry recorded negative 11.4% growth rate in 1Q2020 – RGM
KUALA LUMPUR (July 13): The Malaysian retail industry recorded a negative growth rate of 11.
Covid-19: Malaysia reports 14 more cases, identifies new Kuching engineering firm cluster
KUALA LUMPUR (July 12): The Ministry of Health (MoH) reported 14 new Covid-19 cases in the country as at noon today, raising the total number of cases to 8,718 so far.
RPD-PKPP announces win-win solution for illegal durian farmers in Raub
KUALA LUMPUR (July 12): The Royal Pahang Durian Group (RPD) and its partner, Perbadanan Kemajuan Pertanian Negeri Pahang (PKPP), have come out with a mutually beneficial solution for all illegal farmers that are currently occupying its land in Raub, following Pahang’s proposed land legalisation scheme on July 9.
Hatten Land obtains restraining order to help restructure its subsidiaries
KUALA LUMPUR (July 12): Singapore-based Hatten Land Ltd had on Friday obtained a High Court restraining order for its subsidiaries MDSA Resources Sdn Bhd and MDSA Ventures Sdn Bhd to engage in a restructuring exercise.
CIDB allocates RM70m for programmes to enhance construction industry
KUALA LUMPUR (July 11): The Construction Industry Development Board (CIDB) has allocated a total of RM70 million to implement several strategic programmes aimed at boosting the capacity and capability of construction industry players who were affected by the movement control order (MCO).
Deepak fails to get interim injunction against Boustead
KUALA LUMPUR (July 11): The High Court yesterday dismissed businessman Deepak Jaikishan's application for an interim injunction to bar Boustead Holdings Bhd and five others from engaging in any dealings concerning three plots of land measuring 223 acres in Kapar and Bukit Raja, Selangor.
Bina Puri to raise up to RM9m via private placement
KUALA LUMPUR (July 11): Bina Puri Holdings Bhd plans to place out new shares — up to 10% of its enlarged issued share capital — to independent third-party investors to be identified later, to raise up to RM9.
Ho Hup to raise up to RM82.47m via renounceable rights issue with free warrants
KUALA LUMPUR (July 11): Ho Hup Construction Company Bhd is planning to raise up to RM82.
