News by THEEDGEMARKETS.COM

Paramount said its wholly-owned subsidiary Magna Intelligent Sdn Bhd had signed a conditional share subscription agreement with P2P Venture Sdn Bhd and Omegaxis on April 15, for a 30% stake in Omegaxis for RM13.7 million

Majuperak Holdings: The proposed land swap represents an opportunity for Majuperak to unlock the value of its investments in MERSB lands. In this respect, the group is expected to record a one-off pro forma net gain of RM38.66 million from the disposal

Governor Datuk Nor Shamsiah Mohd Yunus said that with the reopening of the economy, the central bank expects loan-repayment assistance to be more targeted as the financial needs and circumstances will differ among borrowers

Minister Khairy Jamaluddin said an announcement on the implementation of Covid-19 vaccinations for this age group will be made next week

A total of 3.72 million adults or 44% of the total population of the Klang Valley had received their two-dose vaccination as of yesterday.

"Economic performance was supported mainly by the improvement in domestic demand and continued robust exports performance."

Replacing the SST with GST will allow the Government to widen its tax base in order to address the fiscal imbalance caused by the pandemic.

This is mainly due to a shortage of raw materials and increase in housing demand in Australia, the US and other timber-consuming countries. 

Tri-Mode said it plans to build a 150,000 sq ft warehouse on-site in the next one or two years in view of the overwhelming demand for warehouse services currently.

This is the fourth time the country recorded more than 20,000 daily cases, with the previous record high of 20,889 infections posted on Aug 6