HCK to settle bulk of RM113m debt owed to major shareholder Clement Hii by issuing new shares The total sum GASB currently owes Hii stemmed from cash advances it obtained from him that amounted to RM119.49 million between March 30, 2016 and July 10, 2023. KUALA LUMPUR (Sept 26): HCK Capital Group Bhd (KL:HCK) is…
Read MoreKUALA LUMPUR (Sept 26): The government believes that the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region’s projected RM57.3 billion contribution to Malaysia’s gross domestic product (GDP) could be fast-tracked to 2032 from 2038, given its current pace of development, said Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the AWS Malaysia Region Launch Appreciation…
Read MoreKUALA LUMPUR (Sept 27): The overnight policy rate (OPR) is expected to remain unchanged at 3% in 2024 with Malaysia’s producer price index (PPI) inflation moderating to 0.3% year-on-year (y-o-y) in August 2024 from 1.3% y-o-y the previous month. The PPI measures price changes of goods at the producer level. MIDF Amanah Investment Bank Bhd’s…
Read MoreNCT Group partners RHB Banking Group to provide financing solutions for NCT Smart Industrial Park’s customers The collaboration will have customers of NCT Smart Industrial Park enjoy up to 90% financing with an interest rate of 3.9%. The collaboration marks the first time an industrial park in Selangor offers customers access to RHB’s range of…
Read MoreKUALA LUMPUR (Sept 26): Sime Darby Property Bhd (KL:SIMEPROP) has launched its Perfect 10 Sales Campaign, which will run till Oct 31, featuring properties from 10 locations within the developer’s townships. These locations include Kuala Lumpur, Shah Alam, Klang, Subang, Nilai, Sepang and Seremban. A press statement on Thursday said the campaign will encompass 10…
Read MoreS P Setia to hold #Setia4Malaysia Unity Run 2024 at Setia Ecohill Walk on Sept 29 The event is supported by the Ministry of Youth and Sports, and will feature a 5km fun run and a 21.1km half-marathon, plus special performances, family-oriented workshops, games and bazaar. KUALA LUMPUR (Sept 26): S P Setia Bhd will…
Read MoreSinkhole: No damage to public property, access to KLIA terminals remains unaffected Malaysia Airports said that access to both KLIA terminals remains unaffected and flight operations, runways and the airside are also not impacted. SEPANG (Sept 25): No damage to public property has been reported following the sinkhole detected today on the road outside the…
Read MoreMagma proposes capital reduction, RM80m land buy from company owned by major shareholder and Lee Chong Wei 45% in Skyload is held by former national badminton player Datuk Wira Lee Chong Wei, who is one of two directors in the company KUALA LUMPUR (Sept 24): Magma Group Bhd (KL:MAGMA) said on Tuesday it is acquiring…
Read MoreKUALA LUMPUR (Sept 25): Analysts have maintained their positive stance on Scientex Bhd (KL:SCIENTX) after the group’s core earnings came mostly within expectations for the financial year ended July 31, 2024 (FY2024). Scientex’s FY2024 core profit after tax and minority interest of RM535.7 million was in line with BIMB Securities’ forecast at 100.1% and market…
Read MoreBudget 2025 may see higher allocation for transport infrastructure despite tight finances — RHB IB The proportion of development expenditure to the transportation sub-sector under Budget 2025 could be “reasonably higher” than the 21.3% budgeted for this year, RHB IB said in its budget preview note. The government is also likely to give updates to…
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