Utusan Melayu says Kosmo! price hike effective Sunday
KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd confirmed today to Bursa Malaysia the newspaper publisher will increase the price of Utusan Malaysia from RM1.
Jaya Grocer to be anchor tenant at The Tropika, Bukit Jalil
KUALA LUMPUR (Aug 21): Berjaya Land Bhd through its subsidiary Berjaya Golf Resort Bhd has entered into a lease agreement with Trendcell Sdn Bhd to operate a Jaya Grocer store with F&B outlets at the commercial portion of Berjaya Land's latest development The Tropika in Bukit Jalil, Kuala Lumpur.
MACC unfreezes Arul Kanda's bank, CDS accounts
KUALA LUMPUR (Aug 21): The Malaysian Anti-Corruption Commission (MACC) has unfrozen all seven bank accounts and two Central Depository System (CDS) accounts belonging to former 1Malaysia Development Bhd (1MDB) president and chief executive officer Arul Kanda Kandasamy (pictured).
High-level meeting on highways to be held soon
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.
Utusan Melayu continues printing but risks delisting
KUALA LUMPUR (Aug 21): Utusan Melayu (M) Bhd, the publisher of Utusan Malaysia and Kosmo!, will continue its operations for now.
No immediate plans to demolish, rebuild HQ: MCA
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.
Genting Malaysia unit inks merger agreement to delist Empire Resorts
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.
Utusan is valued at only RM8m in market cap
KUALA LUMPUR (Aug 20): Utusan Melayu (M) Bhd's share price fell as much as four sen or 36.
SunCon net profit drops amid lower construction revenue, higher income tax expenses
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.
Utusan's huge debt turns off potential investors
KUALA LUMPUR (Aug 20): Financially stressed Utusan Melayu (M) Bhd is facing an uphill task finding a white knight to salvage the newspaper group, with total debts of RM139.
