Chin Hin MD ceases to be substantial shareholder in NCT Alliance after selling 0.62% stake for RM5.8m This comes after his father and Chin Hin founder, Datuk Seri Chiau Beng Teik, also ceased to be a substantial shareholder in NCT Alliance when he sold a 3.58% stake in the construction and property development company last…
Read MoreGovt in active talks for amicable solutions over Duta enclave dispute with Semantan Estate Negotiations have been ongoing and “actively progressing”, senior federal counsel Shamsul Bolhassan told a three-member Court of Appeal bench led by judge Datuk Lee Swee Seng, following a court order last month to transfer the land to the liquidators of Semantan…
Read MoreKUALA LUMPUR (Sept 18): TSR Capital Bhd (KL:TSRCAP) said on Wednesday that it has secured a RM75 million contract to undertake construction works at Elmina Business Park 2 in Gombak, Selangor. In a bourse filing, the construction firm said its wholly-owned TSR Bina Sdn Bhd had accepted the contract from Sime Darby Property Bhd (KL:SIMEPROP)….
Read MoreKUALA LUMPUR (Sept 19): Prime Minister Datuk Seri Anwar Ibrahim (pictured) has urged state governments to collaborate with the federal government to achieve the goal of modernising land administration across the country. In a Facebook post following the 81st National Land Council meeting this morning, Anwar, who is also finance minister, said the move not…
Read MoreAn artist’s impression showcasing a warehouse at IOI Industrial Park. KUALA LUMPUR: IOI Properties Group Bhd (IOIPG) has launched the IOI Industrial Park series, a strategic move designed to consolidate its industrial offerings and establish the segment as a key revenue contributor in the coming years. This series encompasses three industrial parks, namely IOI Industrial…
Read MoreAppellate court allows joint hearing of govt and Semantan Estate’s appeal on Nov 7, unless settlement is reached beforehand Judge Datuk Lee Swee Seng, who led the three-member bench, fixed Nov 7 as the hearing date for both appeals, as both parties agreed that it would proceed without grounds to High Court judge Datuk Ahmad…
Read MoreKUALA LUMPUR (Sept 18): A widely expected US policy rate cut this week will boost Malaysian stocks in the oil and gas (O&G), real estate investment trust (REIT), and large-cap banking sectors, Kenanga Investment Bank said. Rate cuts in the US have been mostly positive for the FBM KLCI with a median return of 8%…
Read MoreKUALA LUMPUR (Sept 17): Works Minister Datuk Alexander Nanta Linggi (pictured) held a meeting and discussion with the top management of Salik Company PJSC (Salik) and reviewed the implementation of the Multi-Lane Free Flow (MLFF) electronic toll system at one of the toll gantries in Dubai, the United Arab Emirates (UAE) today. Nanta, through a…
Read MoreKUALA LUMPUR (Sept 17): Many may not know that a Malaysian construction company, Eversendai Corp Bhd, is one of the main contributors to the construction of several iconic landmarks in the world including Burj Khalifa (Dubai), Al Shams Sky Tower (Abu Dhabi) and KLCC (Petronas) Twin Towers and Merdeka 118 Tower. The achievement was shared…
Read MoreRooftop solar quota for households under net energy metering fully subscribed again An initial quota of 150MW for NEM Rakyat was fully taken up in November 2023, alongside the initial 800MW for commercial and industrial segment dubbed NEM Nova. KUALA LUMPUR (Sept 17): The 350-megawatt (MW) quota for rooftop solar allocated under the Net Energy…
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