KUALA LUMPUR (Aug 20): A formal agreement or contract (‘bai’ah’) between the homeowner, as the client, and the appointed contractor is crucial before starting any project, the Construction Industry Development Board (CIDB) says. “Even a single piece of paper is enough to indicate that there is an agreement between Party A and Party B. That’s how…
Read MoreKUALA LUMPUR (Aug 20): South Malaysia Industries Bhd (KL:SMI) on Tuesday received a takeover offer worth more than RM47 million from a group of major shareholders. The shareholders — Francis Leong and two subsidiaries of Techbase Industries Bhd (KL:TECHBASE) — are offering 45 sen per share to acquire the rest of the shares not already owned…
Read MoreKUALA LUMPUR (Aug 19): The Sessions Court on Monday granted a discharge not amounting to an acquittal (DNAA) to Mudajaya Group Bhd’s (KL:MUDAJYA) former employee Michael Chua Khian Keng on the charge of misappropriating funds totalling RM800,000 from a power plant project. The DNAA was granted to Chua on the grounds that the case had been…
Read MoreKUALA LUMPUR (Aug 19): The government would not introduce carbon tax in the upcoming Budget 2025, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured). The Ministry of Finance as well as the Ministry of Energy Transition and Water Transformation are still in the process of discussing the mechanism to…
Read MoreKUALA LUMPUR (Aug 19): Malaysia is targeting to attract up to RM300 billion of green investment by 2030, said the Ministry of Investment, Trade and Industry (Miti) on Monday. The target might appear “aggressive” considering that Malaysia managed to only attract investments worth about RM40 billion from 2017 to 2023 into the sector, said Miti…
Read MoreOn Aug 7, Ahmad Shahrir directed the registrar to transfer the 263.72-acre land within three months, free of encumbrances and liabilities. KUALA LUMPUR (Aug 19): The Federal Territory of Kuala Lumpur Land Registrar has filed a stay of the High Court’s decision earlier this month that ordered it to process the transfer of the 263.27-acre…
Read MoreIn a bourse filing, the group said the disposal of the land, located in Taman Mastiara, off Jalan Ipoh, presents an opportunity to generate cash flow for its development projects. KUALA LUMPUR (Aug 16): SBC Corporation Bhad (KL:SBCCORP) said it is selling a 2.2-acre land in Kuala Lumpur for RM36.6 million. In a bourse filing,…
Read MoreKUALA LUMPUR (Aug 16): Co-working and flex space provider WORQ, in a joint partnership with UOA Asset Management Sdn Bhd, has announced an expansion of its Menara UOA Bangsar outlet on Friday. UOA Asset Management is a subsidiary of UOA Group and manages UOA REIT, the building owner of Menara UOA Bangsar. The expansion adds…
Read MoreKUALA LUMPUR (Aug 16): Have you ever faced a situation of being late to work due to disruption of public transport services, and are subject to office action over such incidents? For frequent train commuters, the situation is certainly a major problem that can interfere with performance and emotion at work. However, many people do…
Read MoreKUALA LUMPUR (Aug 16): OSK Foundation (OSKF) has inked a MoU with Women’s Institute of Management (WIM) to empower underserved women in Malaysia. The partnership aims to create sustainable impact and provide support to women from challenging backgrounds, including single mothers and those from B40 communities, as well as Orang Asli, Orang Asal, and Orang…
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