Scientex 3Q net profit down 8%, declares 10 sen dividend
KUALA LUMPUR (June 20): Scientex Bhd has posted an 8.
Imran Salim takes over helm at MRCB
PETALING JAYA (June 20): Malaysian Resources Corp Bhd (MRCB) has announced that its executive director Imran Salim (pictured) will be re-designated as the group managing director effective July 2 as part of MRCB’s corporate transformation plan.
No cap on civil servants’ debt service ratio for mortgages — Bank Negara
KUALA LUMPUR: Bank Negara Malaysia (BNM) has highlighted that commercial banks have “considerable flexibility” to decide on mortgage approvals.
Free water not part of pledge in Negeri Sembilan
PETALING JAYA (June 19): Negeri Sembilan does not have plans to offer free water supply, says Menteri Besar Aminuddin Harun Aminuddin, adding that the state Pakatan Harapan did not make such a promise in its election manifesto.
Alibaba’s investment in Malaysia is US$100m and counting
KUALA LUMPUR (June 19): Just over a year after announcing its partnership with the Malaysian government for the Digital Free Trade Zone (DFTZ), Alibaba Group has already invested US$100 million (RM400 million) in its various initiatives here.
China investors still upbeat on Malaysia despite ECRL review
PETALING JAYA (June 18): China’s investors are still upbeat on Malaysia despite the government reviewing the East Coast Rail Line (ECRL) project which had been awarded to a Beijing-linked firm, said the republic’s ambassador to Malaysia Bai Tian.
ECRL poser clouds China’s Belt and Road ambitions
KUALA LUMPUR (June 18): China’s ambitious Belt and Road Initiative (BRI) could face another setback if the Malaysian government decides to scrap the 688km East Coast Rail Link (ECRL), according to Koh King Kee, head of the Belt and Road desk at Baker Tilly Malaysia.
Housing, Local Govt Ministry moots bigger homes for poor
PETALING JAYA (June 16): The Housing and Local Government Ministry’s National Community Policy which is slated to launch in August may include proposals for larger homes for the poor, said its Minister Zuraida Kamaruddin.
UPDATE 1: Cradle Fund chief dies in room fire
UPDATE: June 15, 11am PETALING JAYA (June 14): Cradle Fund Sdn Bhd CEO Nazrin Hassan has passed away in a room fire at his semi-detached house in Mutiara Damansara here this afternoon, reported The Star.
Matrix Concepts donates another RM2m to Tabung Harapan Malaysia
PETALING JAYA (June 14): Negeri Sembilan-based developer Matrix Concepts Holdings Bhd has donated a further RM2 million to Tabung Harapan Malaysia, fulfilling its promise and bringing its total contribution to the fund to RM5 million.
