News by theedgemarkets.com

The single-storey factory building and ancillary area including a single-storey office cum canteen, is located at Persiaran Raja Muda in Section 16 of the Selangor capital.

In a filing with Bursa Malaysia, 7-Eleven said it is subscribing 490,030 new shares at RM15.33 a share, giving the group 46.45% stake in the enlarged issued share capital of MSB.

MEF expects retrenchments in Malaysia to increase to 30,000 workers in 2019 compared to the 21,000 reported in 2018 as the country is affected by the sluggish global economy and the uncertainty that surrounds it.

PKNS-Andaman Development Sdn Bhd (PKNS), in its statement of claim dated Sept 13 and served on Dec 23, accused PCSB of failing to pay the rent as provided for in a tenancy agreement dated Oct 2, 2017.

Advancecon on Tuesday said the works, to be carried out by its wholly-owned subsidiary Advancecon Infra Sdn Bhd, are expected to be completed by April 5, 2021.

Axis REIT Managers Bhd CEO and executive director Leong Kit May said the acquisition is in line with the REIT’s strategy to acquire yield accretive assets which are located strategically and served by good amenities.

MUI said the move was in line with its strategy of divesting non-core assets, as well as its continuing efforts to reduce its bank borrowings.

She said the cabinet's move to raise minimum wages by RM100, from RM1,100 to RM1,200, is reasonable and will not cause significant impairment to the bottom lines of employers.

In a statement, the group said all secured individual and small-medium enterprise (SME) loans and financing — which includes home financing, business premises financing, ASB financing, SME Biz Property Financing and SME Quick Biz Financing — would be part of the repayment relief.

In a statement today, Malaysian Employers Federation (MEF) executive director Datuk Shamsuddin Bardan said currently, foreign workers are repatriating about RM34 billion annually, and this had not taken remittances made by illegal foreign workers into account.