News by Emir Zainul

Forecasts of further OPR cuts are stoking interests in dividend stocks, including REITs.

In a filing with Bursa Malaysia yesterday, Sunsuria said Koong Wai Seng, 52, resigned "to pursue other personal goals and interests".

Sime Darby Property will see its industrial and logistics development start contributing to its revenue from 2021 onwards, according to chief transformation officer Fairuz Radi.

"Beyond 2019, we expect cement prices to recover gradually, as construction activities pick up (expected by 1H20). However, we reckon that the expected pick-up next year will happen on a gradual basis as work contribution from mega project revivals may be partially offset by lower construction contract awards seen post GE14 and weak property sentiment."

In a filing with Bursa Malaysia today, S P Setia said the fair value gain of RM343.8 million arose from the remeasurement of existing equity stake in Setia Federal Hill Sdn Bhd when the group acquired the remaining stake in the company, which has since become a wholly-owned subsidiary of the group.
 

A discussion on the way forward for the highway toll industry will start during the next Cabinet meeting this month.

KD District Cooling System Sdn Bhd (KDDCS) was awarded the contract by the Employees Provident Fund Board's (EPF) wholly-owned unit Kwasa Utama Sdn Bhd to supply chilled water to an office building in Kwasa Damansara for a period of 25 years from Sept 1.

"Although our base case scenario calls for the OPR to remain at status quo for the rest of the year, we do not rule out the possibility of another downward adjustment in 2020 if macroeconomic conditions deteriorate," MARC chief economist Nor Zahidi Alias said. 

In a media briefing today on the implications of the US-China trade war, BNM Economics Department director Fraziali Ismail. said the central bank estimated that even if the US and China goes into a full blown trade war, where every trade between them is tariffed, his team estimated that global growth will be cut to 1.5%.

The factory is situated on part of the land to be sold, which is in an estate located in Oya-Dalat Land District, Mukah, Sarawak.