Berjaya Land eyes more international tourists to Redang Island, banking on new charter service

[ KUALA LUMPUR: Berjaya Land Bhd’s aviation arm Berjaya Air Sdn Bhd hopes to boost the tourism industry in Redang Island, Terengganu with more international tourists, especially from Singapore, following its newly launched charter services. Berjaya Land group chief executive officer Syed Ali Shahul Hameed said the service offered by The Taaras Beach & Spa … Read more

Ekuinas divests 50.2% stake in Icon for RM172.7mil

[ KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), via its special purpose vehicle, has divested a 50.2 per cent equity stake in Icon Offshore Bhd to Liannex Maritime Sdn Bhd for RM172.7 million. This will consequently result in a mandatory takeover offer, Ekuinas said in a statement. Ekuinas said that following a debt restructuring exercise in … Read more

TCS unit bags KL Kepong RM140.27mil retail project

[ KUALA LUMPUR: TCS Group Holdings Bhd’s wholly owned subsidiary, TCS Construction Sdn Bhd (TCSCSB) has secured a RM140.27 million contract from KLK Retail Centre Sdn Bhd (KLKRC) for main building works for a proposed commercial complex known as Bandar Seri Coalfields Retail Park in Bandar Seri Coalfields, Selangor. KLKRC is a wholly owned subsidiary … Read more

A new star on the horizon

[ DATUK Farhash Wafa Salvador, a loyalist of Prime Minister Datuk Seri Anwar Ibrahim, is the latest rising star of corporate Malaysia. However, scrutiny of the former Perak PKR chief’s recent rise to prominence outside of politics reveals links to two well-known names in business circles, notably Tan Sri Vincent Tan and Wong Thean Soon … Read more

Seeking to deepen presence in SME market

[ CIMB Group is striving to deepen its presence in the small and medium enterprise (SME) space to capture the lucrative segment. Its co-chief executive officer (group commercial and transaction banking) Lawrence Loh tells StarBizWeek judging from the fact that SMEs are the backbone of the Malaysian economy, with close to 40% contribution to the … Read more

SBH Marine to ride on strong overseas demand for frozen seafood

[ ACE Market-bound SBH Marine Holdings Bhd is upbeat about its growth prospects, premised on strong demand for its frozen goods from overseas clients this year. The company’s executive director, Saw Leng Hean, says SBH Marine’s growth will move in tandem with market growth in 2024, which is forecast at 5.5% for the year. Read … Read more

CELCOMDIGI LAUNCHES ALL-IN-ONE BUSINESS POSTPAID PLAN

[ CELCOMDIGI Bhd (CelcomDigi) unveiled a suite of its all-in-one Business Postpaid plans, tailored specifically to meet the dynamic needs of modern businesses on Feb 23. Available now, the new range of business plans are supercharged with affordable options for digital solutions. Read original article here Denial of responsibility! Genx Newz is an automatic aggregator … Read more

UOA Development, Trendcell ink MoU on premium grocery store collaboration

[ KUALA LUMPUR: Concord Housing Development Sdn Bhd, a wholly-owned subsidiary of UOA Development Bhd, has signed a memorandum of understanding (MoU) with Trendcell Sdn Bhd, the operator of Jaya Grocer, for a potential collaboration to operate a premium grocery store at the Bamboo Hills Residence in Kuala Lumpur. In a statement today, UOA said … Read more

Improved outlook for Coastal on luxe resort plan

[ PETALING JAYA: Coastal Contracts Bhd is building a luxurious resort in Sabah and can expect profitability to improve once occupancy rate increases. That is one of the reasons for TA Research to adjust its earnings forecasts for 2024-2026 by negative 2.7% to 0.8%. It expects immaterial losses to the group in 2024-2025 during development … Read more