KUALA LUMPUR (March 4): LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow (pictured) said Malaysia’s low interest-rate environment is expected to persist into the foreseeable future as the Covid-19 pandemic and effectiveness of global efforts to contain its spread continue to dominate the world economic landscape.
KUALA LUMPUR (March 3): A scaffolding at a construction site along the Sungai Besi-Ulu Klang Elevated Expressway (SUKE), near Desa Tun Razak, collapsed this evening resulting in at least five people trapped in a van, reported the Malay Mail today.
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.
KUALA LUMPUR (March 3): Genting Malaysia Bhd’s senior management team has taken a temporary voluntary 20% salary cut for three months, and the company has written to staff for them to consider a variation in their employment contract with a suggested variation staggered depending on job grade from 15% to 20% reduction in salary or one day no pay leave per week, according to a letter sighted by The Edge.
KUALA LUMPUR (March 3): Grand-Flo Bhd is planning to buy two properties in Genting Highlands — the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) — for RM422.
KUALA LUMPUR (March 2): Health director-general Tan Sri Dr Noor Hisham Abdullah announced seven new Covid-19 clusters today with a total of 134 infections among them.
KUALA LUMPUR (March 2): CB Industrial Product Holdings Bhd (CBIP) said today its wholly-owned PalmitEco Engineering Sdn Bhd (PESB) has shut its manufacturing facility in Selangor until March 11, after 45 of its employees tested positive for Covid-19.
PETALING JAYA (March 1): LBS Bina Group Bhd has appointed managing director Tan Sri Lim Hock San to succeed Datuk Seri Lim Bock Seng as the group’s executive chairman, effective today.
KUALA LUMPUR (March 1): The Malaysian Anti-Corruption Commission (MACC) has today failed to seize RM2.
KUALA LUMPUR (March 1): The ASEAN manufacturing sector deteriorated for the first time in four months during February, following two months of growth, with renewed falls in both factory production and new work weighing on the performance of the sector.
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