KUALA LUMPUR (July 31): Datuk Amran Hafiz Affifudin (pictured), executive director and head of Malaysian investments at sovereign wealth fund Khazanah Nasional Bhd, has been tipped to take over the reins of UEM Group Bhd from managing director Datuk Mohd Izani Ghani, according to sources. Amran is currently chairman of UEM, which is a wholly…
Read MoreIncentive scheme rebates given to more than 667 Net Energy Metering Rakyat consumers The Energy Transition and Water Transformation Ministry said the majority received RM4,000 each via the SolaRIS rebate offering. KUALA LUMPUR (July 30): More than 667 Net Energy Metering (NEM) Rakyat consumers have installed solar photovoltaic (PV) systems and received Solar For Rakyat Incentive Scheme…
Read MoreAlira Subang Jaya offers 60 facilities, including a swimming pool, spa, gymnasium, mini library and singing lounge. KUALA LUMPUR (July 30): Avaland Bhd (KL:AVALAND) topped out Alira Subang Jaya, a serviced residence in Tropicana Metropark, Subang Jaya, which has achieved a 95% take-up rate, on Monday (July 29), according to a press statement on Tuesday. …
Read MoreThe expected gain from the proposed disposal is RM3.51 million. KUALA LUMPUR (July 29): Infrastructure and construction group Ekovest Bhd (KL:EKOVEST) said it is disposing of another four parcels of land along Jalan Pahang in Kuala Lumpur, measuring a total of 2,286 sq m. The disposal of the parcels to Airman Sdn Bhd, a wholly…
Read MoreKUALA LUMPUR (July 30): The National Chamber of Commerce and Industry of Malaysia (NCCIM) has appointed Datuk Seri N Gobalakrishnan (pictured) as president for the 2024-2026 term. Gobalakrishnan, who succeeds Tan Sri Soh Thian Lai, said his leadership will focus on further enhancing NCCIM’s stature within government circles, and local and international business communities, as well as…
Read MoreKUALA LUMPUR (July 29): Engagement sessions to finalise the draft Bill on the proposed Residential Tenancy Act (RTA), particularly on its implementation and administration, will continue in collaboration with state governments. The Ministry of Housing and Local Government (KPKT) said that any feedback and opinions received will be weighed to improve the draft Bill, to ensure…
Read MoreKUALA LUMPUR (July 30): Advancecon Holdings Bhd (KL:ADVCON) has accepted the Letter of Acceptance (LOA) from Sime Darby Property (Bukit Raja) Sdn Bhd as the contractor for the construction and completion of earthworks and ancillary works for Phase 4B (i17), Bandar Bukit Raja Stage 3, in Klang for a total of RM38.25 million. In a…
Read MoreKUALA LUMPUR (July 30): The East Coast Rail Link (ECRL) is poised to enhance the connectivity and logistics efficiency of the East Coast Economic Region (ECER). In a statement dated July 28, ECER chief operating officer Datuk Ragu Sampasivam said the ECRL will significantly enhance ECER’s connectivity and logistics efficiency, making it an ideal destination…
Read MoreKUALA LUMPUR (July 26): Ekovest Bhd (KL:EKOVEST) said it has agreed to a further extension of time to discuss a merger between its wholly owned subsidiary Ekovest Construction Sdn Bhd (ECSB) and Knusford Bhd (KL:KNUSFOR). The six-month extension to Jan 27, 2025 will provide Ekovest and Knusford with additional time to evaluate and deliberate the…
Read MoreKUALA LUMPUR (July 29): While the Federal Court last Friday (July 26) provided some clarity on the landmark Ang Ming Lee decision made in 2019 by ruling that it is only applicable prospectively, a lawyer has posed some queries on the limitation of filing a claim within six years and the rights of homebuyers. Ranjan…
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