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FRESH from posting a stellar quarter that led to a major spike in its share price, a bigger story is unravelling at Telekom Malaysia Bhd (TM).
ON the face of it, the massive Bandar Malaysia project, to be developed over prime land valued at over RM12bil, seems like the grand prize that any property developer would hope to win. However, the reality is that the developers of the project will have a long, winding path, fraught with challenges.
PETALING JAYA: Clarifications issued by Ekovest Bhd and Iskandar Waterfront City Bhd (IWC) on their non-involvement in the revived Bandar Malaysia project have sent their share prices tumbling after a sharp spike the previous day.
MILAN: Italian transport group Atlantia could join a rescue of loss-making flag carrier Alitalia to try to win favour with the government and secure the future of its own domestic business following a deadly bridge collapse last year, sources said.
KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, two listed firms controlled by Tan Sri Lim Kang Hoo, have issued separate statements to Bursa Malaysia to clarify that they are not involved in the revived Bandar Malaysia project.
KUALA LUMPUR: Construction stocks advanced on Monday with Ekovest and Iskandar Waterfront City (IWC) taking the lead after the government revived the Bandar Malaysia development.