News by TheEdgeMarkets.com

"We have fixed the root cause which allowed this to happen."

"The prosecution has successfully proven a prima facie case against all the accused."

Tropicana also disclosed that disclosing that PAHSB’s RM334.54 million entitlement in the venture is based on preliminary studies of the surrounding property market value, standard planning guidelines from the local authorities, and discussion with the proprietor.

The contract is for the construction and completion of 66 units of double-storey terrace houses, one security guardhouse, one Tenaga Nasional Bhd (TNB) sub-station, one entrance gateway, one Phase 1 notice board, and infrastructure works on part of the land held under Lot 653, in Kluang district, Johor.

... to allow more time for shareholders to accept its offer. 

The group said the rate hike is likely to happen as the central bank will seek to protect the value of the ringgit and maintain its interest rate advantage, especially over the US, which is now likely to begin hiking in 2022 rather than in 2023

It said RM13 million will be for property development projects, RM24.03 million for working capital with the remaining RM1.15 million for the estimated expenses for the proposed private placement.

BNM said in a statement on Wednesday that risks to Malaysia’s economic growth outlook include weaker-than-expected global economic growth, worsening supply-chain disruptions and the reimposition of containment measures due to the impact of new Covid-19 variants of concern," said BNM.

The placement is expected to raise up to RM19.89 million to fund the upgrading works of Persoft Tower.

"Supportive economic policies — as seen from the expansionary Budget 2022 — should also bode well for growth prospects going into 2022.”