Newsfeed – Business News
Avillion’s auditor flags going concern uncertainty
PETALING JAYA: Avillion Bhd has announced that its external auditor has flagged uncertainty over the hotel operator’s ability to continue as a going concern in its audited financial statements for […]
YTL-REIT sees resilient hospitality outlook across key markets
PETALING JAYA: YTL Hospitality Real Estate Investment Trust (YTL-REIT) expects the hospitality sector to remain resilient in Malaysia, Australia and Japan — the markets where it operates — supported by […]
Chin Hin sells Metex Steel for RM70mil to streamline business
PETALING JAYA: Chin Hin Group Bhd (CHGB) is disposing of its entire equity interest in Metex Steel Sdn Bhd (MSSB) to EC Excel Wire Sdn Bhd for RM70mil. Read full […]
Ringgit ends lower against US dollar as Fed holds interest rate steady
KUALA LUMPUR: The ringgit reversed its gains in the morning to end lower against the greenback on Thursday as the US Federal Reserve (Fed) kept its benchmark interest rate steady overnight. Read full story Date: 31 […]
Paramount buys Penang land for RM57.8mil, plans RM744mil GDV project
PETALING JAYA: Paramount Corp Bhd is acquiring an 18.97-acre piece of freehold land in Bandar Cassia, Penang, from Penang Development Corp for RM57.841mil. Read full story Date: 31 July, 2025 […]
Public Mutual declares over RM90mil in fund distributions
KUALA LUMPUR: Public Bank Bhd’s wholly-owned subsidiary, Public Mutual Bhd, has declared over RM90mil in distributions for seven funds. Read full story Date: 31 July, 2025 7:02 pm Source: thestar.com.my
Perdana Petroleum secures RM11.6mil vessel charter contract
KUALA LUMPUR: Perdana Petroleum Bhd’s (PPB) wholly-owned subsidiary, Perdana Nautika Sdn Bhd (PNSB) has secured a RM11.6mil contract from DESB Marine Services Sdn Bhd, a wholly-owned subsidiary of Dayang Enterprise […]
TNB hit with RM609mil tax bill, reviewing legal options
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has received a notice of additional assessment from the Inland Revenue Board amounting to RM609.03mil for the year of assessment (YA) 2023. Read full […]
DRB-HICOM acquires remaining 30% stake in SEMSB for RM20mil
PETALING JAYA: DRB-HICOM Bhd is acquiring the remaining 30% stake in Scott & English (Malaysia) Sdn Bhd (SEMSB) from Arah Kiara Sdn Bhd for RM20mil. Read full story Date: 31 […]
ITMAX wins RM145mil smart traffic light system maintenance job
PETALING JAYA: ITMAX System Bhd has secured a contract worth RM145mil from the Johor Baru City Council (MBJB) for the deployment and maintenance of the smart traffic light system across […]