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Southern Steel To Sell 55 Pct Stake In Subsidiary To BRC Asia For RM61.05 Mln

KUALA LUMPUR, April 22 (Bernama) --  Southern Steel Bhd (SSB) has agreed to sell a 55 per cent stake in wholly owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-based BRC Asia Ltd for RM61.05 million cash in a related party transaction.

Paradigm REIT Signs Underwriting Deal For Main Market Listing

KUALA LUMPUR, April 22 (Bernama) -- Paradigm Real Estate Investment Trust (Paradigm REIT), a local real estate investment trust, has signed an underwriting agreement with three investment banks ahead of its proposed listing on the Main Market of Bursa Malaysia.

West Coast Expressway Gets Green Light To Accept RM1.15 Bln Loan Facility

KUALA LUMPUR, April 21 (Bernama) -- WCE Holdings Bhd’s 80 per cent-owned subsidiary West Coast Expressway Sdn Bhd (WCE) has received the Malaysian government’s approval to accept a term loan facility of up to RM1.15 billion from Bank Pembangunan Malaysia Bhd.

Putra Heights Incident: Comprehensive Home Insurance Matters In Unforeseen Disasters

KUALA LUMPUR, April 20 (Bernama) -- The gas explosion incident at Putra Heights, which destroyed scores of homes, serves as a stark reminder for homeowners to seriously consider insuring their houses as well as the contents inside their homes to mitigate losses from such unforeseen calamities.

Federal Govt, Johor In Talks On Sandbox Initiatives To Ease Investor Concerns In JS-SEZ -- Tengku Zafrul

By Durratul Ain Ahmad Fuad

KUALA LUMPUR, April 18 (Bernama) -- The Federal government and the Johor state government have discussed sandbox initiatives to address the concerns of investors and industries in the Johor-Singapore Special Economic Zone (JS-SEZ). 

InvestSarawak, China Energy Engineering Ink MoU For RM6 Bln Renewable Energy Projects

KUCHING, April 17 (Bernama) -- InvestSarawak and China Energy Engineering Investment Corporation Ltd (CEEIC) today signed a memorandum of understanding (MoU) to jointly develop large-scale renewable energy generation and infrastructure projects in Sarawak, with a potential investment value of US$1.35 billion (RM6 billion).

PGB Estimates Earliest Gas Restoration In Putra Heights By July 1, 2025

KUALA LUMPUR, April 16 (Bernama) -- Petronas Gas Bhd (PGB) estimates that gas restoration in Putra Heights, Subang Jaya, could take place by July 1, 2025, at the earliest, subject to the outcome of ongoing investigations, regulatory approvals, and actual progress on site.

Anwar: ASEAN To Act As One On US Tariffs

BUTTERWORTH, April 12 (Bernama) -- Malaysia will leverage its strong ties with the United States, Europe, China and ASEAN to seek a resolution to the US retaliatory import tariffs, Prime Minister Datuk Seri Anwar Ibrahim said.

CMS Plans Second Clinker Line To Double Cement Output

KUCHING, April 12 (Bernama) -- Cahya Mata Cement Sdn Bhd, a wholly-owned subsidiary of Cahya Mata Sarawak Bhd (CMS), is seeking approval from the Sarawak government to commence the development of a new facility, Clinker Line 2, in Mambong, here.

SkyWorld Development Signs MoU With Vietnam Entities Related To 13D Project

KUALA LUMPUR, April 11 (Bernama) -- SkyWorld Development Bhd’s wholly-owned subsidiary SkyWorld Development (Vietnam) Company Ltd has signed a memorandum of understanding (MoU) with entities from Vietnam in relation to the development of the Project Residential Complex No 13D (13D project).

LuMIC To Attract RM72 Bln Investments, Create Over 50,000 Jobs By 2050 -- Saarani

KUALA LUMPUR, April 10 (Bernama) -- The development of the Lumut Maritime Industrial City (LuMIC) in Perak is expected to attract RM72 billion in investments and create over 50,000 job opportunities within the next 25 years, said Perak Menteri Besar Datuk Seri Saarani Mohamad.

WCT Shareholders Approve Paradigm REIT Listing On Bursa Malaysia

KUALA LUMPUR, April 9 (Bernama) -- Shareholders of WCT Holdings Bhd have approved the proposed listing of Paradigm Real Estate Investment Trust (Paradigm REIT) on the Main Market of Bursa Malaysia Securities Bhd.