<div class=newsTextDataWrapInner>KUALA LUMPUR (Dec 29): Ekovest Bhd expects to recognise revenue of RM100 million from the Duta–Ulu Klang Expressway (DUKE) for its financial year ending June 30, 2015 (FY15). This follows its acquisition of the remaining 30% stake in DUKE from Malaysian Resources Corp Bhd (MRCB) in January this year. 
 
Ekovest managing director Datuk Lim Keng Cheng said about one quarter of the construction works on the RM1.18 billion DUKE extension (DUKE 2) has been completed. 
 
“We have completed 25% of the 16km DUKE 2 development, and we expect to complete the project by December 2016,” he told reporters after the group’s annual general meeting today. 
 
On its property development division, Lim said the takeup for the group’s RM1.61 billion EkoCheras mixed development has been encouraging, registering a 87% rate. 
 
“We also would like to announce that we have obtained the approval from the [Kuala Lumpur] City Hall to convert the commercial portion of our EkoCheras project into a shopping centre. There are also plans to build a four-star hotel within the development,” said Lim. 
 
The EkoCheras development is expected to be completed by the fourth quarter of 2017. 
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KUALA LUMPUR (Dec 29): Ekovest Bhd expects to recognise revenue of RM100 million from the Duta–Ulu Klang Expressway (DUKE) for its financial year ending June 30, 2015 (FY15). This follows its acquisition of the remaining 30% stake in DUKE from Malaysian Resources Corp Bhd (MRCB) in January this y...

Ekovest expects RM100m revenue contribution in FY15 from DUKE

Financial services provider MIDF has reported a recent cyber security incident to relevant authorities and is collaborating closely with them on addressing the matter.

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RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

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Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

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Apple said on Friday it had removed Meta Platforms' WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.

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MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

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The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

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RHB Retail Research said Inari Amertron Bhd is poised to challenge the RM3.27 resistance level once again, which would make this its fourth attempt this year.

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Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

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The amount of reserves in banking system — a key determinant for the Federal Reserve to continue shrinking its balance sheet — dropped by the most in two years as Americans paid income tax bills out of their bank accounts.

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Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.