Tourist receipts down 85% to RM12.69b in 2020 as international tourist arrivals fell 83% - Tourism Malaysia
KUALA LUMPUR (March 10): Malaysia’s 2020 tourist receipts plunged 85.
Building material maker Chin Hin buys 31.2% stake in Signature International for RM93.6m
KUALA LUMPUR (March 8): Building material maker Chin Hin Group Bhd has acquired a 31.
Kanger International bags RM478m contract to build two blocks of apartments in Genting Highlands
KUALA LUMPUR (March 3): ACE Market-listed Kanger International Bhd's wholly owned unit has bagged a contract to build two blocks of serviced apartments totalling RM478 million in Genting Highlands.
MITI: Malaysia records RM164b of total approved investments in 2020 amid global pandemic
KUALA LUMPUR (March 2): Amid challenging global economic environment due to the Covid-19 pandemic, Malaysia recorded a total of RM164 billion in approved investments through 4,599 projects in the manufacturing, services and primary sectors in 2020, according to the International Trade and Industry Ministry (MITI).
YTL Corp 2Q net profit up 75% on improvement in utilities, construction, cement segments
KUALA LUMPUR (Feb 25): YTL Corp Bhd’s net profit jumped 75.
Ex-1MDB counsel Jasmine Loo’s Mont'Kiara home set to go under the hammer
KUALA LUMPUR (Feb 22): After being slapped with a suit for unpaid tax of RM2.
Najib's appeal in suit against AMMB, AMBank and Joanna Yu fixed in June
PUTRAJAYA (Feb 19) : Datuk Seri Najib Razak's appeal over the dismissal of his suit against against AMMB Holdings Bhd, AmBank Islamic Bank Bhd and the bank's former customer relationship manager Joanna Yu Ging Ping has been fixed for hearing at the Court of Appeal on June 25.
UEM Sunrise, Mulpha call off RM5b JV
KUALA LUMPUR (Feb 16): UEM Sunrise Bhd and Mulpha International Bhd have called off their joint venture (JV) for a RM5 billion gross development value mixed development in Nusajaya, Johor.
Foreclosure properties: It’s a buyer’s market
With the Covid-19 pandemic affecting the income source of many property owners, have more assets been placed under the hammer? For home-seekers and investors, is the auction market now offering value-worthy picks? A check with auction houses show that indeed, prices on the foreclosure market have slumped to as much as 30% to 40% below market value.
With no settlement yet, PetroSaudi International US$340m forfeiture scheduled for further case management on April 2
KUALA LUMPUR (Feb 4): The forfeiture action by the prosecution against Saudi national Tarek Obaid, PetroSaudi International Ltd (PSI), PetroSaudi Oil Services (Venezuela) Ltd (PSOSL), and two others over US$340 million in 1Malaysia Development Bhd (1MDB) funds is not settled yet, as parties will go for further case management.
