MUI to sell Scotland land for RM38.8m
MUI said the move was in line with its strategy of divesting non-core assets, as well as its continuing efforts to reduce its bank borrowings.
Understand Putrajaya's move to raise minimum wage, Kok tells MEF
She said the cabinet's move to raise minimum wages by RM100, from RM1,100 to RM1,200, is reasonable and will not cause significant impairment to the bottom lines of employers.
CIMB to offer six-month repayment relief for flood victims
In a statement, the group said all secured individual and small-medium enterprise (SME) loans and financing — which includes home financing, business premises financing, ASB financing, SME Biz Property Financing and SME Quick Biz Financing — would be part of the repayment relief.
Minimum wage rise to add RM2.5b outflow annually by foreign workers, MEF warns
In a statement today, Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan said currently, foreign workers are repatriating about RM34 billion annually, and this had not taken remittances made by illegal foreign workers into account.
Franchisee wants OldTown held responsible amid China contract fraud claim
G&L said in a press statement today that in June 2018, G&L reported to China's Public Security Bureau (PSB), claiming that OldTown's indirect wholly-owned unit Shenzhen Kopitiam Asia Pacific Ltd (SZKAP) granted the trademark to OldTown's China franchisees despite OldTown having full knowledge that it did not own the OldTown trademark.
GSB expects to turn profitable in FY20
Speaking to reporters after its extraordinary general meeting (EGM) here today, GSB executive chairman Datin Toh Siew Chuon said the group's strategy is to continue to focus on residential property development. However, should there be any opportunity to go into other types of development, GSB will explore it.
BNM approves Bank Pembangunan-Danajamin merger talks
Negotiations between BPMB and Danajamin are expected to be completed within six months from BNM's approval in Dec 2019.
ASM Development countersues Econpile for almost RM346m
In a statement today, the developer said the lawsuit was made after Econpile failed to carry out piling works for the project worth RM280 million and declared self-determination in early March this year.
Majority of Malaysians want Government to halt supply of contraband cigarettes: Survey
The findings came from the Malaysian Perception of Smoking and Vaping Survey, a recent opinion poll conducted by market research company Green Zebras Sdn Bhd.
MoF extends deadline to take over Gamuda's highways for the third time
This marks the third postponement. The first deadline was Aug 30, then it was extended to Oct 31 and later to Dec 31.
