News about ng

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.

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.

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.

KUALA LUMPUR (Oct 8): Ann Joo Resources Bhd (AJRB) and Southern Steel Bhd (SSB) are joining forces via a 55:45 joint venture (JV) company to synergise opportunities in the long product steel manufacturing business.

KUALA LUMPUR (Oct 8): Econpile Holdings Bhd’s unit has been awarded a contract worth RM20.

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.

KUALA LUMPUR (Oct 7): Former 1Malaysia Development Bhd (1MDB) CEO Datuk Shahrol Azral Ibrahim Halmi concedes before the High Court today that the beleaguered state-owned fund was not the ‘baby’ of Datuk Seri Najib Razak as its inception was not mooted by the former prime minister.

KUALA LUMPUR (Oct 7): Datuk Shahrol Azral Ibrahim Halmi, former CEO of Terengganu Investment Authority Bhd (TIA) and then 1Malaysia Development Bhd (1MDB), agreed with the defence’s suggestion that he does not blame former prime minister Datuk Seri Najib Razak for trusting fugitive financier Low Taek Jho and Casey Tang Keng Chee, which was former 1MDB executive director of business development.

OSAKA (Oct 5): Malaysia Housing and Local Government (KPKT) Minister Zuraida Kamaruddin and the Mayor of Izumisano City in Osaka, Hiroyasu Chiyomatsu expect S P Setia Bhd’s upcoming mixed development in Izumisano City to create economic benefits for both countries.

KUALA LUMPUR (OCT 5): Years of paying more returns than it can afford has led the Armed Forces Fund (LTAT) to its worst dividends in 46 years - 2% for FY18.