News by izzul Ikram

According to a prior filing, Renofajar received a winding-up order dated August 4 issued by the High Court of Sabah and Sarawak on Aug 28.

MBSB Bank Bhd is suing Country Heights Holdings Bhd, following its default on the payment of Islamic term financing facilities totalling RM89.67 million, to recover the sum owed.

FLM owns a 60% stake in the JV, Fajarbaru Dynamic Development Sdn Bhd (FDD), while CDSB owns the remaining 40%.

Zainal acquired the stake comprising 14.95 million shares on the open market on Aug 18. 

Given the hefty debt on the government's shoulders, the revived Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project is expected to be fully funded and driven by the private sector, according to MyHSR Corp Sdn Bhd.

Econpile Holdings Bhd has been awarded a contract worth RM35.09 million to undertake the substructure works for a commercial development in Subang Jaya, Selangor.

Fajarbaru Builder Group Bhd has secured a RM150.89 million contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor.

As Bank Negara Malaysia’s decision to hold the overnight policy rate at 3% came in line with consensus expectations, most economists see the central bank keeping its monetary policy stance on hold until the end of the year.

Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%.

LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur.