KUALA LUMPUR (Jan 10): The frequency of Keretapi Tanah Melayu (KTM) bus and commuter train services on the Port Klang-KL Sentral-Port Klang route will each be reduced by 30 minutes during peak hours from Jan 17 and Jan 20 respectively. Transport Minister Anthony Loke Siew Fook said this was to balance the work on the…
Read MoreKUALA LUMPUR (Jan 10): Risks are building up towards an earlier rate hike due to Malaysia’s removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year. The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in…
Read MoreKUALA LUMPUR (Jan 10): Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million. The assets — previously owned by a 50:50 joint venture with a Japanese consortium — consolidates Sime Darby Property’s ownership of the logistics assets, the company…
Read MoreKUALA LUMPUR (Jan 10): Seventeen individuals, including seven civil servants from a Land and Mines Office in Selangor have been arrested to assist investigations into illegal land transfer activities. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the individuals, aged between 33 and 57, are being investigated. He said…
Read MoreKUALA LUMPUR (Jan 9): Former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Samad has filed an application to disqualify the law firm of Messrs Lee Hishammuddin Allen & Gledhill (LHAG) from representing Felda and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) in its RM2 billion suit against him and 28 others, in…
Read MoreKUALA LUMPUR (Jan 8): Practice Note 17 (PN17) company Annum Bhd (KL:ANNUM) has appointed Messrs LTTH PLT as its auditor, effective Wednesday. In a filing with Bursa Malaysia, Annum said LTTH will hold office until the conclusion of the company’s next annual general meeting. This follows the retirement of its previous auditor Messrs SBY Partners…
Read MoreKUALA LUMPUR (Jan 8): Aeon Co (M) Bhd (KL:AEON) announced on Wednesday that the High Court has granted the company a conditional stay of the judgment issued on Dec 16, 2024, which found Aeon in breach of a tenancy agreement with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB). In…
Read MoreProperty management: MIPFM refutes call for separate board to address ‘weaknesses’ While Foo’s article raises important questions about the challenges in strata property management, the proposed separation of roles and regulatory bodies is not a viable solution. Dr. Foo Chee Hung’s article on Dec 18 titled “Separate board of property managers needed to address current…
Read MoreKUALA LUMPUR (Jan 7): Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM65.68 million residential construction contract in Sungai Buloh, Selangor. Its wholly owned subsidiary, Kitacon Sdn Bhd, accepted the letter of award from KL-Kepong Country Homes Sdn Bhd on Monday for the construction and completion of bungalows located at Lot 851, Precinct 4C1, Bandar Seri…
Read MoreKUALA LUMPUR (Jan 7): Ecobuilt Holdings Bhd (KL:ECOHLDS) said its external auditor HLB Ler Lum Chew PLT has expressed a qualified opinion on the group’s audited statements for the financial year ended Aug 31, 2024 (FY2024), as well as flagged a material uncertainty that cast doubt on the group’s ability to continue as a going…
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