Utusan Melayu ceases operations
KUALA LUMPUR (Oct 9): Utusan Melayu (Malaysia) Bhd is ceasing operations today, according to an internal circular to employees.
MSM sells Perlis land to F&N at 18% discount as it generates negligible revenues, saps finances
KUALA LUMPUR (Oct 9): Refined sugar producer MSM Malaysia Holdings Bhd, a 51% subsidiary of FGV Holdings Bhd, is selling a 4,453.
DPM: Govt mulling sinking fund for industries to reduce impact of disasters
PUCHONG (Oct 8): The government is considering the creation of a “sinking fund” to increase industry player's responsibility in managing and restoring disasters in the country, according to a Malay Mail article today.
PRG ventures into timber logging to diversify revenue
KUALA LUMPUR (Oct 8): PRG Holdings Bhd, which is mainly involved in the manufacturing of webbings, furniture components, other fabric items, as well as the property sector, is now venturing into the timber export business as a means to diversify its revenue stream amidst an economic slowdown.
Phase 1 of M Oscar fully taken-up at launch
KUALA LUMPUR (Oct 8): Some 200 units from Phase 1 of M Oscar, Mah Sing Group Bhd’s new high-rise residential project were fully sold out over its launch weekend on Oct 5 and 6.
Landslip: Taman Lagenda Mas, Cheras, residents forced to move out
KUALA LUMPUR (Oct 7): Residents of four blocks of town houses in Taman Lagenda Mas, Jalan Mas 11, Cheras had to vacate their homes following a landslip incident on Oct 3.
Shared Prosperity Vision 2030 to further grow economic complexity: Azmin Ali
KUALA LUMPUR (Oct 7): Shared Prosperity Vision 2030 (SPV 2030) is aimed to further grow economic complexity and propel the nation towards high value-added economic activities, said Minister of Economic Affairs Datuk Seri Mohamed Azmin Ali.
'Do away with ouster clauses'
KUALA LUMPUR (Oct 7): Ouster clauses should be made unconstitutional, says former Federal Court justice Datuk Seri Gopal Sri Ram, referring to laws passed by Parliament that seek to prevent a judicial review of decisions made by the executive branch of the government.
Upcoming Budget 2020 expected to boost construction job growth
Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).
Khazanah plans asset sales to cut debt to RM35b — Azmin
KUALA LUMPUR (Oct 7): Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said today Khazanah Nasional Bhd is identifying assets for sale as Malaysia's sovereign wealth fund aims to reduce its debt to between RM35 billion and RM40 billion as soon as possible.
