Ekovest, IWCity shares tumble following takeover bid

KUALA LUMPUR (Nov 2): Shares in Ekovest Bhd tumbled as much as 22% yesterday, as investors reacted negatively to news that its executive chairman and major shareholder Tan Sri Lim Kang Hoo intends for it to acquire a 62% stake in Iskandar Waterfront City Bhd (IWCity).

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MIP: Review construction process to avoid tragedies

PETALING JAYA (Oct 26): The construction industry system and processes should be reviewed on the basis of responsibility and accountability of various parties, instead of the expediting of approvals, said the Malaysian Institute of Planners (MIP).

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Commission to probe Penang landslide

KUALA LUMPUR (Oct 23): A Penang state commission of inquiry will be set up to investigate the landslide at a construction site in Tanjung Bungah that claimed 11 lives on Saturday.

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Scientex expects growth from major investments

KUALA LUMPUR (Oct 16): Packaging manufacturer and property developer Scientex Bhd is cautiously optimistic about its prospects for the current financial year but still expects to see an improvement in both the bottom line and top line performances.

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