News by theedgemarkets.com

IHH said its wholly-owned unit, Pantai Holdings Sdn Bhd (PHSB), has signed a conditional share purchase agreement with Pulau Memutik Ventures Sdn Bhd (PMV), a wholly-owned subsidiary of Khazanah Nasional Bhd, for the acquisition of the stake comprising 100 million shares and 35,176 redeemable preference shares. PMV holds a 26.04% stake in IHH

"According to (Kerjaya Prospek Group's) management, it is seeing more requests by clients to move the progress timeline of their projects in order to manage payments to contractors."

Security costs could be imposed by the court when the plaintiff or the party filing the suit is a foreigner and the defendent is concerned that the company is not able to pay costs, should it lose the suit.

Shafee further read that the formation of TIA was to ensure that the state continues to receive some form of revenue should its oil well dry up.

It was reported that the 10-year masterplan is known as Malaysia Electricity Supply Industry 2.0 (MESI 2.0).

The property developer made a sudden change by pleading guilty to the alternative charge prior to the trial which is scheduled to commence in two days.

In an economics view note today, the research house said the government had implemented a slew of new taxes — eg gaming, sugar, digital, real property gains, etc — during Budget 2019.

Some 1,201 hectares belonging to PT Rafi Kamajaya Abadi (PTRKA) had been affected by fire.

It was reported that the Saturday attack on Saudi Arabia’s oil facilities had cut more than 5% of world crude oil supply.

The group said the agreement between its wholly-owned unit UEMS (La Trobe Street) Pty Ltd and The Trust Company (Re Services) Ltd (TCL), a trustee for the Ascendas Australia Hotel Trust, had been terminated on a mutual basis following disagreements over the specifications of certain aspects of the apartments earmarked for sale.