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KPS to buy 51% of water solutions firm for RM5.1m

KPS to buy 51% of water solutions firm for RM5.1m

PETALING JAYA: Kumpulan Perangsang Selangor Bhd (KPS) is buying a 51% stake in Smartpipe Technology Sdn Bhd (SPT) for RM5.1 million, in a bid to participate in non-revenue water solution projects in Malaysia. In a filing with the stock exchange, KPS said its wholly-owned subsidiary Nadi Biru Sdn Bhd has entered into a shareholders’ agreement […]

March 21, 2016 | By | Reply More
Group seeks partners for Bandar Malaysia

Group seeks partners for Bandar Malaysia

KUALA LUMPUR: The Iskandar Waterfront Holdings (IWH) and China Railway Group Ltd (CREC) consortium is sourcing for local and foreign partners to develop Phase 1 of Bandar Malaysia, which is expected to begin next year. “While CREC will be the first to set up its regional centre in Bandar Malaysia, I am pleased to inform […]

March 21, 2016 | By | Reply More
SC seeks public feedback on managing cyber security risk

SC seeks public feedback on managing cyber security risk

PETALING JAYA: Securities Commission Malaysia (SC) yesterday published a consultation paper, seeking public feedback on the proposed regulatory framework relating to the management of cyber security risk by capital market participants. The regulator said that while the significant benefits of information technology are well recognised, greater dependency by capital market participants on information technology and […]

March 21, 2016 | By | Reply More
Malakoff’s Tanjung Bin Energy Power Plant achieves COD

Malakoff’s Tanjung Bin Energy Power Plant achieves COD

PETALING JAYA: Malakoff Corp Bhd’s 1,000MW coal-fired Tanjung Bin Energy Power Plant (TBE) achieved its commercial operation date (COD) yesterday. The successful commissioning of TBE marks another significant milestone for Malakoff, increasing its multi-fuel portfolio net generating capacity in Peninsular Malaysia from 5,346MW to 6,346MW or from about 24% to 29% market share, respectively. “It […]

March 21, 2016 | By | Reply More
Pesona Metro JV bags teaching hospital project worth RM313.8m

Pesona Metro JV bags teaching hospital project worth RM313.8m

PETALING JAYA: Builder Pesona Metro Holdings Bhd (PMHB) and its joint-venture partners have secured a RM313.85 million contract from GPQ Sdn Bhd for the construction of Universiti Sultan Zainal Abidin’s (UniSZA) teaching hospital in Terengganu. GPQ is a subsidiary of Terengganu Incorporated Sdn Bhd that is involved in the business of construction works. PMHB, via […]

March 21, 2016 | By | Reply More
RAM reaffirms stable outlook on banking sector

RAM reaffirms stable outlook on banking sector

PETALING JAYA: RAM Ratings, which reiterated its “stable outlook” on the Malaysian banking sector, said its expects most banks to be able to navigate through the more challenging economic landscape with sound credit metrics. Its view was underscored by a detailed review of close to 50 Malaysian banks and non-bank financial institutions in its rating […]

March 21, 2016 | By | Reply More
Nearly RM300m spent on GST implementation

Nearly RM300m spent on GST implementation

KUALA LUMPUR: The government spent almost RM300 million towards implementation of the Goods and Services Tax (GST) on April 1, 2015. This amount covered training grants, GST-compliant accounting software for small and medium scale enterprises (SME)s, as well as development of the MyGST system. The Ministry of Finance in a written reply in the Dewan […]

March 21, 2016 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today in line with weaker Asian currencies as oil prices slipped. At 5pm, it was quoted at 4.0550/0600 against the greenback from 4.0500/0560 on Friday. A dealer said the fall in crude oil prices from Friday’s peak level of US$41 per tonne sent most Asian […]

March 21, 2016 | By | Reply More
Last-minute buying lifts FBM KLCI to close at intra-day high

Last-minute buying lifts FBM KLCI to close at intra-day high

KUALA LUMPUR: Last-minute buying in selected heavyweights and consumer counters lifted the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to close at an intra-day high today. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled 2.02 points higher at 1,718.36 against Friday’s close of 1,717.34. The index, which opened 1.98 points weaker at 1,714.36, moved […]

March 21, 2016 | By | Reply More
CREC to invest US$2b in regional centre here

CREC to invest US$2b in regional centre here

KUALA LUMPUR: China Railway Group Ltd (CREC) is investing US$2 billion to build an integrated office complex in Bandar Malaysia, which will be its regional centre. CREC plans to consolidate all its current regional businesses and operations once its new headquarters (HQ) in Bandar Malaysia is up and running. “CREC will be the first among […]

March 21, 2016 | By | Reply More