Ministry has no qualms about MMC divestment

[ KUALA LUMPUR: The Transport Ministry (MOT) has no objections to MMC Corp Bhd plans to divest its 49% stake in MMC Ports Holdings Bhd, even to foreign companies, says Transport Minister Anthony Loke Siew Fook. However, he said issues concerning concessions and ownership status of the nation’s key assets must be scrutinised. He added … Read more

Foreign investment push | The Star

[ THE local property market is on track to benefit from steady streams of foreign investments into the country, as rising investor sentiment and business confidence levels will have a positive impact on the real estate segment. Last month, Prime Minister Datuk Seri Anwar Ibrahim revealed that Malaysia had successfully attracted potential foreign investments amounting … Read more

Striving to attract major tech projects

[ HANOI: Vietnam expects to attract major high-tech and future technology projects in 2024, as many foreign big names in this field have shown interest in the country. Late last month, China’s Hainan Drinda New Energy Technology Co signed a memorandum of understanding on investing in a solar panel factory in the central province of … Read more

Encouraging outlook | The Star

[ STELLAR property market statistics for 2023, as well as solid earnings performances by local developers, seem to have all but confirmed that the sector is set to see encouraging growth this year. Property consultants expect the market to resume the positive momentum, while several developers are also projecting better performances for 2024. Read original … Read more

Asean on the mend | The Star

[ DESPITE global macroeconomic concerns, Malaysia’s corporate earnings in the fourth quarter of 2023 (4Q23) came in decent, albeit with more misses than hits. Analysts note downward earnings adjustments were not as pronounced as before although the performance trailed some Asean peers. Read original article here Denial of responsibility! Genx Newz is an automatic aggregator … Read more