News by Tan Siew Mung

The planned acquisition of the 60% stake in Bandar Malaysia was intended to facilitate the proposed Bandar Malaysia property development project within the site of the Sungai Besi Airport

According to WCT Holdings, Meydan will pay the RM828.25 million final settlement sum in two portions under which the second tranche will be divided into 12 equal quarterly instalments

MTU Services is principally involved in MRO services primarily for the marine, automotive, defence and power industries.

Its indirect wholly-owned subsidiary Toyoplas Manufacturing has disposed of three parcels of leasehold land together with their factories to Wiley Development.

Kayangan Kemas is a Grade 7 contractor registered with Construction Industry Development Board, and focuses on specialised buildings.

"The company is of the view that there are reasonable grounds to challenge the basis of assessment raised by the IRB."

Media Prima said it had received a letter of offer from PNB’s wholly-owned subsidiary PNB Development Sdn Bhd to acquire the building as well as the two parcels of freehold land — which measure approximately 151,814 sq ft — it currently occupies

MEF president Datuk Dr Syed Hussain Syed Husman: Many more employers, especially small and medium enterprises and microenterprises (MSMEs) that are not normally within the essential economic and services sectors category, will close and the suffering will increase. Without any revenue during the lockdown, it would be extremely challenging for them to remain in business.

The recent announcement of the indefinite extension of Phase 1 has sent most industries into a greater level of panic and anxiety on the future of their business viability. 

The project will start on July 1 and construction is expected to be completed within 40 months.