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MRCB to redevelop sports complex

MRCB to redevelop sports complex

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) will redevelop the Bukit Jalil National Sports Complex into the iconic Kuala Lumpur Sports City through its subsidiary, Rukun Juang Sdn Bhd (RJSB).   In its filing to Bursa Malaysia yesterday, MRCB said the total project cost will be RM1.6 billion. In return, MRCB will be repaid by the […]

October 29, 2015 | By | Reply More
Sooka Sentral     to be cardiac centre by  end-2016

Sooka Sentral to be cardiac centre by end-2016

KUALA LUMPUR: Retail block Sooka Sentral in KL Sentral will soon be converted into a heart hospital and re-opened for business at the end of next year. Two months ago, Malaysian Resources Corp Bhd (MRCB) announced that it was selling Sooka Sentral to Cardiac Vascular Sentral Kuala Lumpur Sdn Bhd (CVSKL) for RM90.8 million before […]

October 29, 2015 | By | Reply More
‘Blaupunkt Malaysia to be sold to Europe-based firm’

‘Blaupunkt Malaysia to be sold to Europe-based firm’

GEORGE TOWN: German automotive infotainment system maker Blaupunkt GmbH is up for sale with its local subsidiary Blaupunkt Malaysia Sdn Bhd likely to be the first subsidiary to be sold off. Business Times has learnt that a European-based player in the auto multimedia industry is likely to be the new buyer of Blaupunkt Malaysia and […]

October 29, 2015 | By | Reply More
Group clinches RM3.15b Kwasa Utama deal

Group clinches RM3.15b Kwasa Utama deal

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has clinched a RM3.15 billion contract from Kwasa Utama Sdn Bhd (KUSB), the master developer of the Kwasa Damansara township in Sungai Buloh, to build a commercial project called Kwasa Utama. MRCB said it has signed a contract with KUSB, appointing the former as management contractor for the […]

October 29, 2015 | By | Reply More
MRCB to build  new  RM11b city in Cyberjaya

MRCB to build new RM11b city in Cyberjaya

CYBERJAYA: Malaysian Resources Corp Bhd (MRCB), a key player in transit-oriented developments (TOD), will develop a new city in Cyberjaya, which will feature assets worth RM11 billion. The project, called Cyberjaya City Centre (CCC), would span over 20 years, said MRCB executive director Imran Salim. CCC will be developed in four to five phases on […]

October 29, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback firmed after the Federal Reserve open market committee’s statement yesterday raised expectations of an interest hike in December this year, dealers said. At 9.06am, the local unit was quoted at 4.2920/3010 against the dollar from Wednesday’s 4.2670/2770. The ringgit was also lower […]

October 29, 2015 | By | Reply More
KL shares rebound to open higher

KL shares rebound to open higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded slightly to open higher this morning on renewed buying interest in selected heavyweights, after the US Federal Reserve decided to hold interest rates steady last night, dealers said. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,688.23, up 1.72 points, after opening 2.83 […]

October 29, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar as the greenback firmed after the Federal Reserve open market committee’s statement yesterday raised expectations of an interest hike in December this year, dealers said. At 9.06am, the local unit was quoted at 4.2920/3010 against the dollar from Wednesday’s 4.2670/2770. The ringgit was also lower […]

October 29, 2015 | By | Reply More
Drugmakers Pfizer, Allergan considering a combination: WSJ

Drugmakers Pfizer, Allergan considering a combination: WSJ

REUTERS: Drugmakers Pfizer Inc and Allergan Plc are considering combining in what could be the biggest merger in the healthcare industry in already busy year, the Wall Street Journal said on Wednesday. Pfizer recently approached botox-maker Allergan about a deal, the Journal said, citing people familiar with the matter. The process is in its early […]

October 29, 2015 | By | Reply More
Crude oil futures hold gains after Fed sits pat on rates, inventory build

Crude oil futures hold gains after Fed sits pat on rates, inventory build

TOKYO: Crude futures held on to strong gains in early Asian trading on Thursday, after the U.S. Federal Reserve kept rates unchanged and a weekly government report on oil stockpiles showed an inventory build that was within expectations. U.S. and global oil benchmarks were little changed, having jumped on Wednesday after the government report on […]

October 29, 2015 | By | Reply More