News by Adam Aziz

This begs the question of what Felda's alternative plan is since it could not wholly own the plantation group.

Passenger count through the Sabiha Gokcen International Airport (SGIA) in Istanbul, Turkey also fell 2.35% to 1.29 million passengers, from 1.32 million in January, MAHB passenger traffic data snapshot showed.

Xin Hwa will make a pro forma gain of RM1.08 million.

“The government is very keen to see how long-term investors like Khazanah can do their part to help spur investments in the sectors, bring about new industries and new entrants to come in, and maybe even partner with the private sector to do this,” said Khazanah managing director Datuk Shahril Ridza Ridzuan

Khazanah said the impact of the Covid-19 pandemic led to higher impairments of RM6 billion.

Advancecon said its wholly-owned unit Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from China Communications Construction (ECRL) Sdn Bhd for the appointment.

The short negotiation period came as a surprise, given such a sizeable settlement, which is equivalent to just below 30% of AmBank's market capitalisation of RM9.52 billion.

The 10-year road map aims to transform Malaysia into a digitally-driven, high-income nation and a regional leader in the digital economy.

The land comprises factory buildings, office complex and warehouse, and carries a net book value of RM28.4 million or 0.44 sen per share as at end last year, according to its latest annual report.

The 7.75-acre land with structures was acquired in 1990 for RM8 million, and carried a net book value of RM6.16 million as at end-April this year.