News by Chester Tay

"The government MPs will have to prove themselves first."

It was approved following a five-hour debate session where opposition MPs argued the rationale of regulating asset declaration via a motion instead of amending the Malaysian Anti-Corruption Commission Act 2019.

The banking group’s asset management operation, Affin Hwang AM, however, could be a prized asset that have been overlooked by the investing fraternity. 

The Dewan Rakyat's order paper today shows that the Prime Minister's Department is scheduled to move the motion.

Abdulaziz Mohamad said the group has set a lower tender book replenishment target of RM2 billion this year.

Aspen Group said its subsidiary Aspen Park Hills Sdn Bhd had signed a conditional sales and purchase agreement with Geo Valley Sdn Bhd for the land purchase.

The acquisition deal is valuing the four concessionaires at the enterprise value (EV) of RM6.2 billion.

Lim Kok Thay’s gesture is expected to offset costs.

In its filings with Bursa Malaysia, IOI Corp also announced that chief executive officer (CEO) Datuk Lee Yeow Chor will be redesignated as the group’s managing director.

Ooi said these downside come from a challenging property market, higher political risk premium for the construction stocks and abrupt suspensions of mega projects.