Puncak Niaga appoints Abdul Jalil Abdul Karim as new MD
Abdul Jalil, 55, takes over the reins from Datuk Zainal Abidin Salleh, who resigned due to health reasons. Abdul Jalil was previously the chief executive officer of Merge Energy Bhd.
G3 says yet to receive decision from TPM on bid for land to develop AI park
In April, G3 had inked a memorandum of understanding with SenseTime Group Ltd and China Harbour Engineering Company Ltd (CHEC) to set up the AI park in Malaysia, with a total investment of US$1 billion.
Putrajaya raises minimum wage to RM1,200 for urban workers
The minimum wage was previously raised to RM1,100 per month, starting from January 2019.
Economic Outlook 2020 Report: Household debt increases slightly to RM1.22 tril
Nevertheless, household debt, which has been moderating since 2015 thanks to various macro-prudential and financial literacy measures, is expected to remain manageable in 2019 and 2020.
Dr Mahathir: 'New' Utusan will rehire employees of shuttered old entity
Mahathir dubbed the media group as the "new" Utusan, which will rehire Utusan Melayu employees, who will be retrenched at the end of this month.
Axis REIT acquires industrial property in Nilai for RM50m
The leasehold land with a gross floor area of 246,500 sq ft comprises a single-storey factory with a double-storey office annexed, and also houses a single-storey refuse collection centre, a guard house and a TNB sub-station.
PRG ventures into timber logging to diversify revenue
The group secured its shareholders' approval to buy two teak tree plantation lands, measuring 364.79 hectares, worth RM89.2 million, located in Kelantan, from Alifya Forestry Sdn Bhd.
Ann Joo, Southern Steel join forces
In separate bourse filings yesterday, both parties said they had signed a memorandum of understanding for the formation of a strategic alliance in relation to the business.
HR Minister to meet rubber glove makers after US bans WRP Asia
CBP’s statement did not mention any other Malaysian glove maker other than WRP Asia, but the enforcement agency’s actions appear to have woken up the sector to a potential ban of companies falling foul of international labour standards.
MGB bags RM53.01m flyover job from sister company
The contract was awarded by Strength Square (M) Sdn Bhd on behalf of Seribu Baiduri Sdn Bhd, which is a subsidiary of LBS Bina Group Bhd — the major shareholder of MGB — making Seribu Baiduri a sister company.
