KUALA LUMPUR (Dec 31): KLCC Property Holdings Bhd’s (KLCCP) (KL:KLCC) wholly owned unit Suria KLCC Sdn Bhd has upsized its sukuk murabahah programme to RM2 billion from RM600 million. This came after the programme’s RM600 million issuance on Dec 31, 2014 matured on Tuesday, according to the group’s bourse filing. On the same day, Suria…
Read MoreKUALA LUMPUR (Dec 30): Gamuda Bhd is acquiring 389.7 acres of land in the Springhill Industrial Park, Port Dickson for RM424.4 million, cash, from a joint venture (JV) between MUI Properties Bhd (MUIPROP) and Chin Teck Plantations Bhd. Gamuda intends to use the land to develop cloud or data centre infrastructure, according to its bourse…
Read MoreKUALA LUMPUR (Dec 31): Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers. The Malaysian Shopping Malls Association (PPK) is urging authorities, including Tenaga Nasional Bhd (KL:TENAGA) (TNB), to reconsider the planned electricity…
Read MoreKUALA LUMPUR (Dec 30): The Malaysia Retailers Association (MRA) has expressed concerns about the government’s decision to increase the base electricity tariff, arguing that it will negatively impact the country’s competitiveness and economic recovery. In a statement released on Monday, the association is strongly urging the government to reconsider the electricity tariff hike, scheduled to…
Read MoreKUALA LUMPUR (Dec 30): Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib (pictured) to an executive role as deputy president effective Jan 2, 2025. Anuar, who will step down as chief executive officer of Sapura Energy Bhd (KL:SAPNRG) on Tuesday (Dec 31), joined the board of Sunway in July 2023 as…
Read MoreKUALA LUMPUR (Dec 30): A team of volunteers from the Sungai Buloh Parliamentary Service Centre extended assistance to residents of Taman Seri Alam, Saujana Utama, who were impacted by flash floods following the collapse of a water retention pond bund yesterday. Sungai Buloh Member of Parliament, Datuk Seri R. Ramanan, said that more than 50…
Read MoreKUALA LUMPUR (Dec 28): Rapid KL’s rail services will operate until 3am, while selected bus routes will run until 3.30am on Jan 1 to ease congestion during New Year’s Eve celebrations for 2025. In a statement on Saturday, Prasarana Malaysia Bhd announced that the extended hours will cover 18 rail stations, four Rapid Transit bus…
Read MoreKUALA LUMPUR (Dec 27): No decision has been made regarding electricity tariff hikes in Peninsular Malaysia as of now, said Deputy Prime Minister Datuk Seri Fadillah Yusof. (pictured) Fadillah, who is also the Minister of Energy Transition and Water Transformation, emphasised that the Ministry of Energy Transition and Water Transformation (Petra) has neither been consulted…
Read MoreThe building, which is currently vacant, will serve as the office for Apex Group and its subsidiaries, the company said. Any remaining unoccupied floors will be made available for lease. KUALA LUMPUR (Dec 30): Apex Equity Holdings Bhd (KL:APEX), which is involved in stockbroking, property development and money lending services, said on Monday it is…
Read MoreKUALA LUMPUR (Dec 26): Peninsular Malaysia’s base electricity tariff has been set at 45.62 sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4), said Tenaga Nasional Bhd (TNB) (KL:TENAGA). This marks a 14.2% increase from 39.95 sen/kWh set in RP3 (2022-2024). The increase will be effective July 1, the utility giant said….
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