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May 21, 2018 12:07 PM Mohamed Elias new EC secretary

PUTRAJAYA: Datuk Mohamed Elias Abu Bakar is the new secretary of the Election Commission, effective today. The EC said in a statement that he succeeds Datuk Abdul Ghani Salleh who went on mandatory retirement on May 10. Mohamed Elias, 58, a graduate of Universiti Malaya, joined the Civil Service on July 1, 1983, and last held the post of deputy secretary-general 5

May 18, 2018 4:29 AM Sime Darby Property shares rise on JV with Mitsui

PETALING JAYA: Sime Darby Property Bhd saw its share price rise 1 sen this morning after announcing a joint venture with Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd. At midday, its share price was 0.69% or 1 sen higher at RM1.45 with 1.86 million shares traded. Yesterday, Sime Darby Property said it will partner the two Japanese firms to develop 9

May 17, 2018 1:25 PM OCR teams up with Casa Bangsar for RM700m project in Johor

KUALA LUMPUR: OCR Group Bhd, through its wholly owned subsidiary, Junjung Simfoni Sdn Bhd (JSSB), today entered into a joint venture agreement (JVA) with Casa Bangsar Sdn Bhd (CBSB) for an integrated mixed development across 47.87 acres of land located in Tebrau, Johor, with a total gross development value (GDV) of RM700 million. Works will commence 7

May 16, 2018 12:43 PM ECRL work running as usual

KUALA LUMPUR: It’s business as usual for Malaysia Rail Link Sdn Bhd (MRL) with 14% progress achieved on the East Coast Rail Link (ECRL) project as of yesterday, says head of corporate communication Rosmah Mahmud. “The Council (of Eminent Persons) is fully aware of the progress (made thus far) on the ECRL. There is no stop order of work on ECRL,” she told reporters 6

May 16, 2018 11:20 AM Kontena Nasional sues its former CEO

PETALING JAYA: Kontena Nasional Bhd has filed a lawsuit against its former CEO, Hood Osman. Kontena Nasional, an indirect subsidiary of MMC Corp Bhd, is claiming from the defendant, among others, damages in the sum of RM66.59 million, general damages, full indemnity against any claims arising from the transactions, and interest and costs. Kontena Nasional's 5

May 16, 2018 2:07 AM Return of the Big Bad Wolf Box Sale 2018

THE Big Bad Wolf is back with the Box Sale, promising an all-you-can-read book buffet! A well-known event among book lovers, the Box Sale will be held at the Starling Mall, Petaling Jaya for the very first time this year, from May 10 to 20, 10am to 10pm in the Exhibition Hall next to MBO Cinemas. During the Box Sale, readers will have the opportunity 7

May 15, 2018 8:48 AM Ekuinas increased number of direct and outsourced investments to 58 in 2017

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has increased the number of direct and outsourced investments to 58 in FY17 from 53 in FY16 and a total committed investment of RM3.6 billion compared to RM3.0 billion in 2016. CEO Syed Yasir Arafat Syed Abd Kadir said to date, Ekuinas has recorded a total realisation proceeds amounting to RM2.3 billion from divestment 5

May 15, 2018 6:18 AM Consultative council for Indera Mahkota parliamentary constituency

KUANTAN: Indera Mahkota MP Datuk Saifuddin Abdullah of Pakatan Harapan (PH) said a consultative council would be set up soon for the constituency. He said the council would convey government decisions to the people and obtain the people's feedback on matters affecting them. "The council will be bilateral in character, taking into account every view of the people 6

May 14, 2018 1:21 PM APFT sells flight training company

PETALING JAYA: Practice Note 17 company APFT Bhd is selling its Asia Pacific Flight Training Sdn Bhd (APFTSB) for RM10,000 to two individuals, apart of its streamlining exercise to divest its loss making and non-contributing subsidiary. The deal was done a willing buyer, willing seller basis,taking into account the net loss and liabilities of APFTSB 8

May 14, 2018 1:19 PM FGV disposes of non-core chemical firm for RM145m

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) is disposing of its 30% stake in Taiko Clay Chemicals Sdn Bhd for RM145 million, as part of the group’s efforts to dispose of non-core businesses. FGV told Bursa Malaysia that its 72%-owned subsidiary Felda Palm Industries Sdn Bhd, which in turn a wholly owned subsidiary of FGV, yesterday entered 8