News about l

Construction sector Maintain market weight: The New Straits Times has reported that the government is planning to acquire 15 highways nationwide for RM43 billion via issuing debt to the concessionaires.

KUALA LUMPUR (Aug 21): KLCCP Stapled Group, comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust (KLCC REIT), recorded a relatively flat net profit for the second quarter ended June 30, 2019 (2QFY19) of RM180.

KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.

KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd, the publisher of Utusan Malaysia and Kosmo!, will continue its operations for now.

KUALA LUMPUR (Aug 21): The MCA clarified yesterday that it has no immediate plans to demolish and rebuild its headquarters (HQ) at Wisma MCA, Jalan Ampang here, though it admitted it had sought a development order (DO) to secure a higher commercial plot ratio for the site for future development.

PUTRAJAYA (Aug 20): The government has submitted that the High Court was right in excluding it as a defendant in a civil suit over the murder of Mongolian Altantuya Shaariibuu (pictured), although two policemen were found guilty of the crime in a criminal case earlier.

KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.

KUALA LUMPUR (Aug 20): Singapore’s owner-operator of purpose-built workers accommodation (PBWA) Centurion Corp Ltd is expanding in Malaysia, which will include a new asset in Johor that offers 3,600 beds by next year.

KUALA LUMPUR (Aug 20): Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.

KUALA LUMPUR (Aug 19): Lower revenue from construction segment and higher-income tax expenses pulled down Sunway Construction Bhd’s (SunCon) net profit for a consecutive quarter for the second quarter ended June 30, 2019 (2QFY19) by 7.