KUALA LUMPUR (Jan 10): AmBank (M) Bhd has filed a petition to wind up Ireka Corp Bhd as the property developer defaulted in debt payment of RM4.34 million on Dec 12, 2023. In a filing to Bursa Malaysia, Ireka said it has received the winding-up petition on Jan 8 served by AmBank via its solicitors,…
Read MoreKUALA LUMPUR (Jan 10): Leader Steel Holdings Bhd’s (LSH) wholly owned subsidiary Ferronet Asia Sdn Bhd has accepted a notice of award and offer for compensation (Form H) from the Klang Land Office invoking a compulsory acquisition under the Land Acquisition Act 1960 (Act 486) to acquire 28,903 square metres of land in Mukim Kapar,…
Read MoreBy Yanika Liew Our nation observed its 60th Malaysia Day last month. But as we celebrate our unity and diversity, the housing sector has to deal with a divisive factor — that of rental discrimination. This unspoken reality for Malaysians is a growing problem as renting becomes more and more of an alternative to home…
Read MoreKUALA LUMPUR (Jan 10): Nestcon Bhd has clinched RM108 million worth of construction works from property developer Exsim Avenue Sdn Bhd for a mixed commercial development project. Nestcon, through its wholly-owned unit Nestcon Builders Sdn Bhd, accepted a letter of award from Exsim Avenue on Wednesday. The work consists of main building works for a…
Read MoreKUALA LUMPUR (Jan 11): Leader Steel Holdings Bhd’s shares opened 11.5% higher on Thursdays morning, following news that it had accepted a notice of award and offer for compensation from the Klang Land Office, invoking a compulsory acquisition for a RM42.56 million piece of land in Klang, Selangor. Leader Steel opened to hit its intra-day…
Read MoreKUALA LUMPUR (Jan 11): Finology Group Sdn Bhd (Finology) recently entered into a collaboration with IFCA MSC Bhd (IFCA), creators of the PropertyX ERP (Enterprise Resource Planning) system. This partnership involves the integration of Loanplus Home – Finology’s property-oriented digital lending solution – with IFCA Software’s PropertyX platform, designed to streamline and simplify property management….
Read MoreKUALA LUMPUR (Jan 10): Malaysians should view Menara Merdeka 118 as the country’s success in navigating the twists and turns of independence and building a diverse and multicultural nation based on the spirit of nationalism. Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah said the new landmark symbolises the people celebrating the diversity of…
Read MoreThe contract from Exsim Avenue entails earthworks, piling, main building, and infrastructure works for a 37-storey mixed commercial development. Nestcon Bhd’s construction contract from Exsim Avenue is expected to contribute to its net assets per share, earnings per share, and gearing. (Facebook pic) PETALING JAYA: Nestcon Bhd’s subsidiary, Nestcon Builders Sdn Bhd has secured a…
Read MoreKUALA LUMPUR (Jan 9): The utilisation of Rapid bus and rail services reached an average of 1.05 million passengers a day as of December 2023, according to Transport Minister Anthony Loke Siew Fook. Speaking at a media briefing on Prasarana Malaysia Bhd’s 2023 performance and future plans, Loke said that Rapid Rail services, comprising the…
Read MoreKUALA LUMPUR (Jan 10): PRG Holdings Bhd group executive vice chairman Datuk Lua Choon Hann (pictured) has ceased to be a substantial shareholder of the group after he disposed of another 955,600 shares or a 0.22% stake, between Jan 5 and 9. Lau, who has made been reducing his stake in the group in recent…
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