News by Supriya Surendran

Ekovest managing director Datuk Seri Lim Keng Cheng said at present, 30% of the components used to produce steel bars for the group are imported.

MQ Tech's newly appointed executive director Robbie Hari Krishnan Tatparanandam said the company's wholly-owned subsidiary Star Acres Sdn Bhd has inked an agreement with Cambodian Resort & Entertainment Ltd (CRE) for the venture.

Gamuda Bhd group managing director Datuk Lin Yun Ling said he was unaware that the proposed Penang Transport Master Plan's (TMP) original RM27 billion cost had exceeded RM40 billion as reported. 

Instead, it will competently manage properties in its portfolio.

MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust said it is open to acquiring new assets in the future and will look into the potential of injecting Menara Celcom in Petaling Jaya from one of its sponsors, Malaysian Resources Corp Bhd.

Bina Darulaman Bhd reported a 58.1% increase in net profit for its third financial quarter ended Sept 30, 2016 (3QFY16), to RM5.8 million or 1.91 sen per share from RM3.67 million or 1.21 sen per share a year ago due to a 98.8% surge in 3QFY16 revenue to RM87.18 million.

Tropicana Corp Bhd saw a 46% rise in its top line for the third quarter ended Sept 30, 2016, mainly fuelled by higher revenue recognition across key projects in the Klang Valley and northern region.

Bank previously forecast a 25-basis point cut next week.

Prime Minister Datuk Seri Najib Razak who is on a three day working visit to Tokyo which ends today, said the international tender process for the project is expected to take place in the last quarter of 2017.

Auditor-General Tan Sri Ambrin Buang said his department and the Malaysian Anti-Corruption Commission have yet to receive any instruction to be part of the executive committee for the RM55 billion East Coast Rail Link project.