Thriven Global obtains RM15m credit facility to finance working capital needs
KUALA LUMPUR (Sept 4): Thriven Global Bhd has accepted a RM15 million credit facility from Bank Islam Malaysia Bhd to finance its working capital requirements.
Amhari, Azlin, Jho Low: Najib's 1MDB trio
KUALA LUMPUR (Sept 4): If fugitive businessman Low Taek Jho (also known as Jho Low) was the “unofficial adviser” to Datuk Sri Najib Razak, the late Datuk Azlin Alias, who died in a helicopter crash in April 2015, and Datuk Amhari Efendi Nazaruddin would be the sidekicks of the former prime minister in handling 1Malaysia Development Bhd (1MDB) affairs.
UEM Edgenta terminates JV after incurring losses
KUALA LUMPUR (Sept 4): UEM Sunrise Edgenta TMS Sdn Bhd (UEMSET) has terminated its joint-venture (JV) agreement with Township Management Services Sdn Bhd (TMS) to operate Edgenta TMS Sdn Bhd (ETSB), which was conceived in 2016 as the country’s first holistic township management service operator.
PSC cut 'not temporary' - Anthony Loke
SERENDAH (Sept 3): Transport Minister Anthony Loke Siew Fook said today Malaysia's proposed passenger service charge (PSC) cut for international travellers flying beyond Asean from klia2 and other airports besides the Kuala Lumpur International Airport (KLIA), to RM50 from RM73 is "not temporary" because the Cabinet has decided on the matter.
S P Setia receives award for highest IBS score in Malaysia
KUALA LUMPUR (Sept 3): Setia Precast Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, today received the highest-in-the-country Industrialised Building System (IBS) score of 93.
REITs in favour
KUALA LUMPUR: Malaysia’s two biggest banks, Malayan Banking Bhd (Maybank) and CIMB Group Holdings Bhd, said last week they expect Bank Negara Malaysia to cut the overnight policy rate (OPR) by another 25 basis points (bps) by year end, reflecting rising expectations of one.
LBS Bina sets sights on 'higher price range' market
KUALA LUMPUR (Aug 31): LBS Bina is eyeing the launch of “properties in the higher price range” and is “confident that there will be demand in this segment”.
Ahmad Zaki's 2Q net profit falls amid lower revenue, higher income tax expenses
KUALA LUMPUR (Aug 31): Ahmad Zaki Resources Bhd (AZRB)'s second quarter net profit fell 12% to RM4.
MBSB 2Q profit up 24% on lower expected credit losses
KUALA LUMPUR (Aug 31): Malaysia Building Society Bhd registered a 24% year-on-year increase in the second quarter profit of its financial year 2019, as the group recorded lower than expected credit losses during the quarter under review.
Sunsuria CEO steps down after helming company for three years
KUALA LUMPUR (Aug 31): Sunsuria Bhd chief executive officer Koong Wai Seng has resigned from his executive position effective yesterday, after helming the property developer for about three years.
