DBKL halls managed by BN affiliates left in shambles
KUALA LUMPUIR (June 20): The former caretakers of the Kuala Lumpur City Hall (DBKL)’s community and multipurpose halls have been found to be takers rather than carers.
Paramount to sell education biz for RM540.5m, pay RM177m special dividend
KUALA LUMPUR (June 20): Paramount Corp Bhd is to divest its controlling stake in its K-12 education business for an indicative RM540.
Najib-SRC trial: First time MoF had to prepare materials on company for Cabinet paper on govt guarantee, says witness
KUALA LUMPUR (June 19): A witness from the Ministry of Finance (MoF) told the High Court here today that for the first time ever, the ministry had to prepare materials on a company to be included in a Cabinet memorandum concerning its application for a government guarantee.
Community hall caretakers refuse to budge - suing DBKL
KUALA LUMPUR (June 19): Kuala Lumpur City Hall (DBKL) officers have revealed that some caretakers of community halls are taking legal action against DBKL for being forced to return the premises to the council.
Rolling out soon: CSR projects under Dasar Komuniti Negara
PUTRAJAYA (June 18): The government and the private sector is working to roll out their CSR projects that will enhance the living standards of the B40 group and in People’s Housing Projects (PPR), an initiative under the National Community Policy or Dasar Komuniti Negara (DKN).
UEM Sunrise expected to continue with active inventory clearing
UEM Sunrise Bhd (June 17, 85 sen) Maintain market perform with a lower target price of 83.
Kimlun foresees cement price hike eroding margins
KUALA LUMPUR (June 18): Construction firm Kimlun Corp Bhd expects a 2% profit margin compression in anticipation of a RM90 or 45% hike in bulk cement prices.
Ismee: SRC's board in the dark about second RM2b KWAP loan
KUALA LUMPUR (June 17): It turns out that there were even more secret transactions involving SRC International Sdn Bhd funds that were concealed from its board of directors, including the application of a second RM2 billion loan from Retirement Fund (Incorporated) (KWAP).
UEM Sunrise downsizes Desaru project to conserve cash
KUALA LUMPUR (June 15): UEM Sunrise Bhd is planning to downsize its high-end residential resort and beach club development in Desaru, Johor, conceived six years ago, in a move to conserve cash and limit exposure.
Gabungan AQRS on stronger footing to face property headwinds
KUALA LUMPUR (June 14): Gabungan AQRS Bhd is confident that it is on a much stronger footing now to face the headwinds that may affect the property sector for the next five years.
