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CGPV in education agreement with China

CGPV in education agreement with China

By Ridzuan Yop   GUANGDONG: The main developer of Forest City, Iskandar Malaysia, Country Garden Pacificview Sdn Bhd (CGPV today signed a Memorandum of Understanding (MoU) with two educational institutions to further encourage the exchange of skills, research and labor between Malaysia and China. The collaboration between the CGPV involved the Country Garden Guandong Polytechnic, and […]

January 19, 2018 | By | Reply More
Battersea Power Station assets purchase done independently: EPF, PNB

Battersea Power Station assets purchase done independently: EPF, PNB

By ZARINA ZAKARIAH zarinaz@mediaprima.com.my   KUALA LUMPUR: The Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) said the acquisition of certain Battersea Power Station assets was done independently without any government intervention. The two funds said the decision was purely an investment consideration initiated together with the BPS board and management team. “The EPF […]

January 19, 2018 | By | Reply More
Malaysia's 2017 timber exports likely to surpass RM23b     

Malaysia's 2017 timber exports likely to surpass RM23b     

KUALA LUMPUR: Malaysia’s timber exports for 2017 is likely to surpass RM23 billion as global demand remain stable.       “In the 11 months of 2017, we posted RM21.40 billion in timber exports, the bulk of it contributed by sales of wooden furniture,” said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. “Timber […]

January 19, 2018 | By | Reply More
Freight Management secures incentives for Shah Alam e-commerce fulfilment hub

Freight Management secures incentives for Shah Alam e-commerce fulfilment hub

PETALING JAYA: Freight Management Holdings Bhd‘s wholly owned subsidiary FM Global Logistics (M) Sdn Bhd has received approval for a special incentive package from the Malaysian Investment Development Authority(MIDA) for the development of an E-Commerce Fulfilment Hub in Shah Alam, Selangor. The group said in a Bursa Malaysia filing that it received the approval from […]

January 19, 2018 | By | Reply More
Berjaya Land's unit files notice of arbitration against Beijing SkyOcean

Berjaya Land's unit files notice of arbitration against Beijing SkyOcean

PETALING JAYA: Berjaya Land Bhd today announced that 51%-owned Berjaya (China) Great Mall Recreation Centre (GMOC) has submitted a Notice of Arbitration to the Hong Kong International Arbitration Centre against Beijing SkyOcean International Holdings Ltd and guarantors, SkyOcean Holdings Group Limited and Zhou Zheng, to seek recovery of the RMB974.07 million (RM599.04 million) due and […]

January 19, 2018 | By | Reply More
No more flood victims in Pahang: Civil Defence Force

No more flood victims in Pahang: Civil Defence Force

KUANTAN: The floodwaters in Pahang have completely receded and the remaining three flood relief centres in Raub were closed today. State Civil Defence Force director Colonel Zainal Yusoff said the 64 victims from 21 families began cleaning their homes since early morning and all the flood shelters were closed by 5pm. He said the remaining […]

January 19, 2018 | By | Reply More
IOI Corp to sell entire stake in IOILE to Loders for RM330.5m

IOI Corp to sell entire stake in IOILE to Loders for RM330.5m

January 19, 2018 @ 7:35pm KUALA LUMPUR: IOI Corp Bhd has signed a share acquisition agreement with Loders Croklaan Group B.V. to sell its entire equity interest in IOI Lipid Enzymtec Sdn Bhd (IOILE) for RM330.5 million. “IOILE is involved in similar business as Loders Group, which focusses on manufacturing specialty oils and fats,” it […]

January 19, 2018 | By | Reply More
Comintel gets letter of intent for Vietnam solid waste management project

Comintel gets letter of intent for Vietnam solid waste management project

PETALING JAYA: Comintel Corp Bhd’s wholly owned subsidiary Green Waste Management Sdn Bhd has received a letter of intent from Vietnam based Thanh Cong Cooperative, to supply, install and commission a waste to energy system for the Xuan Son Municipal Solid Waste Treatment Plant. The group said in a Bursa Malaysia filing that it had […]

January 19, 2018 | By | Reply More
Ringgit ends 180 pips higher versus greenback

Ringgit ends 180 pips higher versus greenback

KUALA LUMPUR: The ringgit advanced 180 pips to an 18-month high today as traders pricing in local interest rate hike probability next week. At 6pm, the local note finished at 3.9360/9400 against the greenback, the level last seen in July 2016, from 3.9540/9570 on Thursday. A dealer said players were cautious ahead of the BNM’s […]

January 19, 2018 | By | Reply More
Jan 19: Ringgit surges to 18-month high against US dollar

Jan 19: Ringgit surges to 18-month high against US dollar

KUALA LUMPUR: The ringgit advanced to an 18-month high today as traders priced in the probability of a local interest rate hike next week. At 6pm, the local note finished at 3.9360/9400 against the greenback – a level last seen in July 2016 – from 3.9540/9570 on Thursday. A dealer said players were cautious ahead […]

January 19, 2018 | By | Reply More