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News by THEEDGEMARKETS.COM

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Bina Puri to raise up to RM9m via private placement

11 July, 2020

There are two property projects Bina Puri plans to use the proceeds on: a Johor development involving 384 double-storey houses with an estimated gross development value (GDV) of RM229.5 million and one development involving 28 units of four-storey and five-storey shophouses in Kuching, Sarawak with a GDV of RM57 million.

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Ho Hup to raise up to RM82.47m via renounceable rights issue with free warrants

11 July, 2020

Ho Hup expects the corporate exercise to be completed by the fourth quarter of 2020.

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Covid-19: Malaysia records 13 new cases, nine involving Malaysians

10 July, 2020

The country reported a double-digit number of new infections again after five straight days  of single-digit daily cases since July 5.

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news

Tourism Malaysia: Tourist arrivals fell 36.8% to 4.23m in 1Q from a year ago

10 July, 2020

The agency observed negative growth for tourists from every regional market, namely the short-haul market which saw a 37.3% decrease, the medium-haul market with a 41.4% decline and the long-haul market with a 22.5% decrease in the three months.

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Dr M will attempt vote of no-confidence against Muhyiddin at Parliament again next week

10 July, 2020

The former prime minister said he still stands by his decision to support Parti Warisan Sabah president Datuk Seri Mohd Shafie Apdal as the next prime minister candidate of Malaysia.

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MyHSR reappoints Mohd Nur Ismal as CEO, confirms The Edge report

10 July, 2020

In a statement today, MyHSR said Mohd Nur Ismal returns as a familiar face as he led the company from 2015 until late last year when his contract ended.

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Matrix Concepts says confident of surpassing FY21 sales target of RM1.1b

10 July, 2020

Matrix Concepts founder and group executive deputy chairman Datuk Lee Tian Hock said the company had during March 18 and June 30, 2020 received RM827 million worth of real estate bookings from buyers despite Malaysia’s Movement Control Order (MCO) to curb the Covid-19 pandemic.

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Malaysia's absolute poverty rate at 5.6% — chief statistician

10 July, 2020

"Meanwhile, hardcore poverty recorded 0.4% in 2019 as compared to 0.6% in 2016.”

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news

Would you still put your money in the bank?

10 July, 2020

Bank Negara Malaysia slashed the OPR by another 25 basis points (bps) to a record low of 1.75% on Tuesday. With this, the rate has been cut by 125bps this year.

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news

AirAsia-Malaysia Airlines merger? Khazanah MD says 'never say never'

10 July, 2020

"In life, never say never to anything," replied Khazanah's managing director (MD) Datuk Shahril Ridza Ridzuan when asked if the proposal on merger between Malaysia Airlines and AirAsia was off the table in an interview with Bloomberg TV.

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