Sessions court adjourns Repco Low’s sentencing: The Kuala Lumpur sessions court has adjourned the sentencing of Low Thiam Hock, better known as “Repco Low” in stock market circles, to Feb 15. Low was found guilty on Jan 11 for manipulation of Repco Holdings Bhd shares. — StarBiz
Malaysia Airlines offers up to 50% discount for Enrich members: Malaysia Airlines is offering members of its Enrich loyalty programme worldwide eight days of flight redemptions of 30%-50% on selected destinations, including Seoul, Osaka and Tokyo. The redemption period is between Jan 25 and Feb 1, and is valid for travel between Feb 18 and May 31, it said. — Bernama
Mercury Industries unit wins RM106.6m PR1MA contract: Mercury Industries Bhd
subsidiary Paramount Bounty Sdn Bhd has secured a RM106.6 million contract from Upaya Jernih Sdn Bhd for the construction of 648 serviced apartment units and external works under the Perumahan Rakyat 1Malaysia scheme. — Bernama
Country Garden unveils RM175b ‘Forest City’ project: “Forest City”, a lush urban getaway on four man-made islands in Iskandar Malaysia was formally unveiled on Friday by Country Garden Holdings Co Ltd, a Hong Kong-listed property developer. Sprawled over 1,386.05ha, Forest City is a joint development with Johor’s Esplanade Danga 88 Sdn Bhd and has an estimated investment of S$58.3 billion (RM175.8 billion) over the next 20 years. — Bernama
Malaysia’s economy seen stabilising in H2: There is a good chance Malaysia’s economy will stabilise in the second half of this year as there is a possibility the price of global benchmark, Brent crude, will rebound, said OCBC Bank (M) Bhd chief economist Selena Ling. — Bernama
Bukit Bintang City Centre first phase to be launched in Q2: Phase one of the multi-billion ringgit Bukit Bintang City Centre (BBCC) in the city’s Golden Triangle, is expected to be launched by the second quarter of 2016. Master planned by Jerde Partnership, the development at the 19.4-acre site at the junction of Jalan Imbi and Jalan Pudu or the former Pudu Jail, will have a total gross development value of RM8.7bil. — StarBiz
Limited time offer:
Just RM5 per month.
