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KUALA LUMPUR: Malaysia’s previous public procurement deals worth multi-million ringgit have come under scrutiny, as the Malaysia Competition Commission (MyCC) intensifies its investigation into potential bid-rigging practices involving a few hundred companies in several government tenders.
KUALA LUMPUR: Late selling pressure on key stocks including pushed the FBM KLCI deeper into the red at the close on Tuesday and it was the only key Asian market which was down year-to-date.
KUALA LUMPUR: The Malaysia Competition Commission (MyCC) has issued a combined penalty of RM1.94mil against eight companies for their involvement in bid-rigging offense related to a information technology (IT) procurement by a public higher learning institution.
KUALA LUMPUR: Stocks to watch for on Wednesday include Pestech, Deleum, Ann Joo, Tan Chong and OpenSys, according to JF Apex Research.
KUALA LUMPUR: The Government has decided to present a White Paper in Parliament in the next session to expose the real situation of the Federal Land Development Authority (Felda) and its strategic rehabilitation plan.
PETALING JAYA: Khazanah Nasional Bhd and Petroliam Nasional Bhd (Petronas) will come under the purview of the Prime Minister’s Office (PMO) under the new government structure, and not under the newly formed Economic Affairs Ministry (MEA). Sources said Permodalan Nasional Bhd (PNB) will also come under the PMO, while there is deliberation to dissolve the Minister of Finance Inc (MoF Inc).
PETALING JAYA: THE Outdoor Advertising Association of Malaysia (OAAM) has pledged to build and promote a sustainable industry towards achieving national growth.