KUALA LUMPUR (March 20): EcoWorld International (EWI) recorded profit before tax of RM1.5 million in 1Q2024 compared to loss before tax of RM30.4 million in 1Q 2023. EWI stated in a statement that this was due to foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM) on repayment of advances by…
Read MoreKUALA LUMPUR (March 20): Kelington Group Bhd’s unit has inked a land lease agreement with the Terengganu State Economic Development Corporation in a move to support the group’s expansion in the liquid carbon dioxide (LCO2) manufacturing segment. Kelington, through its 90.71% owned subsidiary Ace Gases Sdn Bhd, signed the agreement on Wednesday to lease a…
Read MoreBy Datuk Chang Kim Loong OVER the years, the Malaysian government has put in place several policies to help citizens acquire a roof over their heads. Among them is the Bumiputera Housing Policy, which was introduced as part of the New Economic Policy in 1970 to reduce the income disparity between bumiputeras and non-bumiputeras. In…
Read MoreKUALA LUMPUR (March 19): Malaysia is one of the few countries that are not expected to cut its interest rates this year, according to the Malaysian Rating Corp Bhd (MARC). This presents a “positive counterweight narrative to Malaysia’s comparatively low interest rates” when compared to median interest rates of 9.25% in the Americas, 5.25% in…
Read MoreIn today’s digital age, the act of entrusting our personal information to websites and online platforms has become a routine yet profound decision, echoing the sentiments of taking a leap of faith. It is a lot like taking a ride in an autonomous vehicle where you have to place your trust in the hands of…
Read MoreKUALA LUMPUR (March 19): The Ministry of Transport (MOT) takes note of views or studies regarding the Kuala Lumpur International Airport (KLIA) as reference and advice in improving services at the airport, said Transport Minister Anthony Loke Siew Fook. (pictured) He said the MOT knows there are some weaknesses at KLIA, but the ministry will…
Read MoreWhy are buyers being delivered purportedly completed houses that cannot be occupied because there is no actual supply of running water and electricity? This delivery of vacant possession (VP), under the Housing Development (Control and Licensing) Act 1966, has been a perennial poser for purchasers. Under the Act, read together with the Housing Development (Control…
Read MoreKUALA LUMPUR (March 19): Eversendai Corp Bhd, which announced last week that it had secured four new contracts worth an aggregate RM5.4 billion and saw its shares surge over 70% after that, provided more details about the projects on Monday. It disclosed via a bourse filing the names of the companies that awarded the jobs,…
Read MoreThe three-year aerotrain replacement project came with two deadlines originally, the first being July 2024 for the first of the two aerotrains to be operational, followed by the second one in March 2025 for full completion, with both aerotrain services spanning about 1.5km. SEPANG (March 19): The Ministry of Transport (MOT) has urged Malaysia Airports…
Read MoreKUALA LUMPUR (March 19): NCT Alliance Bhd is collaborating with Hard Rock International to set up Asia Pacific’s highest altitude Hard Rock Cafe, located on the highest floor of NCT Alliance’s Grand Ion Majestic development arm, Wyndham Ion Majestic Hotel in Genting Highlands. In a statement on Tuesday, the developer said that with a total gross…
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