<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 10): KPower Bhd's wholly owned unit KPower Development Sdn Bhd (KDSB) has received approval from the Terengganu state government to develop affordable and mixed housing development on 18.959 hectares of land in Kuala Nerus district, Terengganu.</p></div>

<div class=newsTextDataWrapInner><p>KDSB is principally involved in property development.</p></div>

<div class=newsTextDataWrapInner><p>In a Bursa Malaysia filing on Wednesday, KPower said 4.85% of the gross development value will be attributable to the state's affordable housing fund, which is under the purview of the housing department of Terengganu's state secretary.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The property development is expected to contribute positively to KPower's net assets, consolidated earnings, and earnings per share for the financial year ending June 30, 2023 (FY23) to FY25.</p></div>

<div class=newsTextDataWrapInner><p>KPower shares closed down one sen or 3.57% to 27 sen on Wednesday, valuing the group at RM146.56 million. The counter has fallen 35.71% year-to-date from 42 sen.</p></div>


KPower Bhd's wholly owned unit KPower Development Sdn Bhd has received approval from the Terengganu state government to develop affordable and mixed housing development on 18.959 hectares of land in Kuala Nerus district, Terengganu.

KPower unit gets green light from Terengganu state govt for mixed housing project

(April 24): Goldman Sachs Group Inc. shares rose to a record on Tuesday, eclipsing their previous closing high set more than two years ago.

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Kim said a seri...

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LONDON (April 24): Ruthless Arsenal threw down the gauntlet in the Premier League title race with a 5-0 thrashing of London rivals Chelsea to roar three points clear at the top of the table on Tuesday.

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BERLIN (April 24): Prime Minister Rishi Sunak meets German Chancellor Olaf Scholz on Wednesday, a long-awaited trip to Berlin the British leader hopes will deepen security cooperation after he announced London's move to increase defence spending.

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<p>While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts did not change their recommendations on the group, as there is still an arduous journey ahead for the group to address its balance sheet position.</p>


Sapura Energy not out of the woods yet as large debts still in its way

<p>KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.</p>


Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

<p>Construction and engineering contractor Crest Builder Holdings Bhd said it had secured a condominium project valued at RM486 million in Mont Kiara. &nbsp;</p>

<p>The project, awarded by Kiaramas Development Sdn Bhd, involves the construction of three blocks of condominiums with car park podiums in Jalan Desa Kiara.&nbsp;The contract period is 42 months from May 2, according to Crest Builder in a filing with Bursa Malaysia on Tuesday.</p>


Crest Builder bags RM486m condominium project in Mont Kiara

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

<p>KUALA LUMPUR (April 23):&nbsp;The Iskandar Regional Development Authority’s (IRDA) target to achieve&nbsp;cumulative investments of RM636 billion by 2030 is among Iskandar Malaysia’s strategies to assist the country in becoming one of the top 30 global economies and the top 12 in global competitiveness.</p>


Iskandar Malaysia’s RM636b investment target to help propel country into world's top 30 economies — PM

<p>KomarkCorp Bhd, which lost its defamation suit against The Edge Communications Sdn Bhd in the High Court last month, is appealing against the court's decision, which found that the media company had not defamed it in an article about the manipulation of penny stocks that was published nearly three years ago.</p>


KomarkCorp appeals against High Court's ruling that The Edge did not defame the company

<p>Comfort Gloves Bhd said there was a fire at the glove maker’s newly-built three storey warehouse and packing department in Taiping, Perak on Tuesday morning.</p>

<p>“The cause of the fire and the actual extent of the damage are currently still unknown, pending the completion of police investigations into the fire and issuance of their report,” the group said in a bourse filing.</p>


Comfort Gloves reports fire at new Taiping warehouse

<p>KUALA LUMPUR (April 23): Gadang Holdings Bhd said it will appeal to the Economic Planning Unit (EPU) for a waiver of the Bumiputera equity requirement to facilitate its acquisition of a 21.08-acre land in Kwasa Damansara.</p>

<p>In a bourse filing on Tuesday, the builder-cum-property developer...

Gadang to lodge appeal over Bumi equity requirement in Kwasa Damansara land acquisition 

<p>The Malaysian Oil, Gas &amp; Energy Services Council (MOGSC) has called on oil and gas (O&amp;G) stakeholders, especially financial institutions, not to write off O&amp;G services and equipment (OGSE) players in the energy transition agenda, as they still have a role to play.</p>


Don't forget O&G services and equipment players in energy transition agenda, says industry association

<p>While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.</p>


PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

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<p class="thumb-cap">E...

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<p>KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.</p>

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<p>Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.</p>


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<p>Ramssol Group Bhd, a human capital management (HCM) solutions provider, reported a near doubling of its first quarter profit mainly due to certain projects with higher profit margin and the distributorship of HCM licences.</p>


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<p>The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.</p>


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<p>The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.</p>


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<p>Matrix Concepts Holdings Bhd unveiled the second phase of Resort Villa in Bandar Sri Sendayan, Seremban last Friday (April 19).</p>


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<p>Petronas Gas Bhd (PetGas) is committed to creating sustainable value from its core businesses while pursuing growth.</p>

<p>This commitment involves securing high-impact projects by leveraging PetGas’&nbsp;core competencies and exploring industry-adjacent opportunities, the group stated in a release on Tuesday, in conjunction with its 41st annual general meeting (AGM).</p>


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<p>KUALA LUMPUR (April 23): KIP Real Estate Investment Trust (KIP REIT), a trust which mainly manages retail and industrial properties, said its net property income (NPI) for the third quarter rose 10.1% from a year ago, mainly due to stronger performance from its retail properties.</p>
