News by Hailey Chung

As robust consumer demand drove November's consumer price index up 4% year-on-year — with core inflation hitting a new high of 4.2% — economists expect the upbeat momentum to continue and result in Bank Negara Malaysia having to raise the overnight policy rate or OPR by another 25 basis points to 3% in its Monetary Policy Committee meeting next month.

The Ministry of Transport (MOT) said the total development cost of the East Coast Rail Link (ECRL) project is now estimated at RM74.96 billion consisting of construction cost at RM50.27 billion, while other development costs amount to RM24.69 billion.

Ibraco KPP Concrete Sdn Bhd has an initial paid-up capital of RM100,000 represented by 100,000 ordinary shares.

Its earnings per share surged to 45.32 sen from 6.06 sen compared with a year ago.

Based on the company’s announcement on the outcome of its 18th annual general meeting held on Dec 7, all 16 shareholders voted for the change of name.

Eco World International Bhd (EWI) recorded a bigger net loss of RM95.73 million for the fourth quarter ended Oct 31, 2022 (4QFY2022) from RM56.26 million a year earlier, due to further impairment on the group’s investment in EcoWorld-Ballymore in London.

Transport Minister Anthony Loke said another 18 train sets that are undergoing various maintenance programmes will be added to the Kelana Jaya line by 3Q23, and shorten the train interval time to three minutes.

Ireka Corp Bhd said on Friday (Dec 2) that it is still working on a regularisation plan to address its financial condition after the construction company's admission into Practice Note 17 (PN17) list of Bursa Malaysia on March 1.

The deadline for Top Builders to release its first quarter for the financial year ending June 30, 2023 (1QFY2023) report was Wednesday (Nov 30), as per Bursa Malaysia’s main market listing requirements.