Heah, 56, is currently the chief financial officer of EcoWorld and the alternate director to Tan Sri Liew Kee Sin, the executive chairman of Eco World Malaysia. KUALA LUMPUR (Oct 24): Datuk Heah Kok Boon has been appointed as a non-independent and non-executive director of Eco World International Bhd (EWI), replacing Datuk Chang Khim Wah,…
Read MoreKUALA LUMPUR (Oct 24): The Light Rail Transit (LRT) service for the Kelana Jaya Line is expected to achieve a three-minute frequency during peak hours by the end of this month. According to the Transport Ministry, the current train frequency for peak hours is 3.8 minutes, compared to 4.4 minutes in December 2022, following the…
Read MoreKUALA LUMPUR (Oct 24): Police are not discounting the possibility of security guards in luxury condominiums around the federal capital aiding call centre scam syndicates, following the rise of these activities at such premises. Kuala Lumpur police chief Datuk Allaudeen Abdul Majid said 20 raids were conducted recently to detect the call centres, which were mostly operating behind the…
Read MoreKUALA LUMPUR (Oct 24): ACE Market-bound Plytec Holding Bhd, which is set to be listed on Nov 15, is seeking to raise RM37.1 million via the issuance of about 106.1 million new shares at 35 sen per share via its initial public offering (IPO) exercise. The construction engineering solutions and services provider is set to…
Read MoreKUALA LUMPUR (Oct 20): Industronics Bhd said it had entered into a memorandum of agreement (MOA) on Friday to negotiate a proposed collaboration to construct an international duty-free city on Pulau Langkawi. The mature electronics company signed the MOA with Echo Asia (Hong Kong) Ltd, an affiliate of Hong Kong-listed Echo International Holdings Group Ltd,…
Read MoreKUALA LUMPUR (Oct 20): EcoFirst Consolidated Bhd is selling 15 retail units from its completed Liberty Arc @ Ampang Ukay mixed development project to major shareholder Tan You Tiong for RM23.82 million. Tan owns a 2.92% direct stake and has 11.1% indirect shareholdings through his wife and Aspirewell Sdn Bhd, hence the divestment is deemed…
Read MoreKUALA LUMPUR (Oct 20): KIP Real Estate Investment Trust (REIT) reported a 15.2% surge in net property income (NPI) for the first quarter ended Sept 30, 2023 (1QFY24), despite its NPI margin declining marginally to 73.8% during the quarter compared with 74.1% in the corresponding quarter. The higher NPI of RM16.52 million during the quarter…
Read MoreKUALA LUMPUR (Oct 23): Raising the overnight policy rate (OPR) may no longer be “relevant” given the decline of headline inflation to below 2% recently, said Deputy Finance Minister Datuk Seri Ahmad Maslan. Notably Malaysia’s current OPR currently stands at 3%, while the headline inflation rate slowed to 1.9% year-on-year in September 2023, marking the…
Read MoreKUALA LUMPUR (Oct 19): Gamuda Land on Thursday signed memorandum of understanding (MOU) with 12 tenants for its upcoming Quayside Plaza in its twentyfive7 township development located in Telok Panglima Garang, Selangor. The 12 tenants are Jihun Korean Fried Chicken, My BurgerLab, BarTailor, Chinese traditional herbal jelly and tea vendor Koong Woh Tong, beauty and…
Read MoreKUALA LUMPUR (Oct 19): Timber manufacturer Minho (M) Bhd said it is acquiring a 7.84-hectare piece of freehold land in an industrial area in Kuala Selangor for RM18.41 million. The group plans to construct factories and covered warehouses on the land as part of its long-term plan to relocate some of its operations and existing…
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