Bintai Kinden unit secures RM9.78m job from TNB
KUALA LUMPUR (March 8): Bintai Kinden Corp Bhd’s wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd has secured a contract worth RM9.
Genting Americas sues insurers to claim US$500m losses at two resorts
KUALA LUMPUR (March 8): Genting Group-owned Resorts World Casino New York City and Miami Hilton have filed a suit against more than a dozen insurers claiming they wrongly denied coverage for some US$500 million (RM2.
Malaysia posts worst retail sales results in 22 years
The retail industry in Malaysia registered its worst performance in two decades last year, contracting by 16.
Malaysia’s 4Q20 retail sales down 19.7%
KUALA LUMPUR (March 8): Malaysia’s retail sales in October to December 2020 (4Q20) contracted 19.
Report: Two private equity firms ‘front runners’ to purchase Jaya Grocer
PETALING JAYA (March 6): US-based Carlyle Group and Luxembourg-based CVC Capital Partners “are believed to be the front runners in the race to acquire Trendcell Sdn Bhd, the owner and operator of supermarket chain Jaya Grocer,” sources told The Edge Malaysia in a report this week.
Lagenda Properties wants to grow beyond Perak
KUALA LUMPUR (March 6): Property developer Lagenda Properties Bhd has ambitions to grow beyond its mostly Perak presence, group managing director Datuk Jimmy Doh Jee Ming (pictured) told The Edge Malaysia.
Singapore’s City Developments wants to put behind ‘ill-fated’ investment
KUALA LUMPUR (March 6): Leading Singapore real estate player City Developments Ltd (CDL) wants to put its “ill-fated S$1.
MACC denies allegations of being used as 'political weapon'
KUALA LUMPUR (March 6): The Malaysian Anti-Corruption Commission (MACC) has denied allegations by certain political parties that it has been used as a "political weapon" in carrying out its actions.
Desmond Lim builds up stake in WCT
KUALA LUMPUR (March 6): Businessman Tan Sri Desmond Lim acquired another 250,000 shares in WCT Bhd yesterday, raising his direct shareholding in the construction company to 103.
MBSJ: No more printing and posting of assessment bills
PETALING JAYA (March 6): Starting from this year, the Subang Jaya City Council (MBSJ) will not print and post assessment tax bills to ratepayers, The Star reported today.
