Maimunah (right) chatting with city councillors after tabling the 2018 budget at a full council meeting in Penang.WORKING towards a smart and safe city, the Penang Island City Council (MBPP) has tabled a 2018 budget of RM606.53mil, which is a deficit of RM189.55mil against a revenue estimate of...

Workers busy harvesting bananas at Basir Ismail Estate in Kota Tinggi, Johor. Business operators hope levy for foreign workers will not be increased as this would affect their business. JOHOR BARU: Business operators hope that the Government will not increase the levy for foreign workers in the...

BY EDWARD RAJENDRARESIDENTS in Taman Melawis, Klang, are still waiting for desilting to be carried out on two monsoon drains to curb flash floods.With the high tide phenomena starting today, Serjeet Singh lamented the laid-back attitude of the private contractor in charge of the area.He claimed the...

BY ELAN PERUMALAn abandoned government building that is an eyesore in Port Klang. – filepicLEGAL action will be taken against owners of abandoned properties in Klang for not paying their compound fines.The Klang Municipal Council (MPK) will file a caveat on their properties under the National...

BY STUART MICHAELAir Selangor and SPAN officers at the construction site where water was being illegally stolen in Taman Garing Indah, Rawang.A CONSTRUCTION site in Taman Garing Indah, Rawang, had its water supply cut during a raid by Pengurusan Air Selangor Sdn Bhd.Air Selangor had uncovered an...

KUALA LUMPUR: Sime Darby Bhd's unit has completed the sale of its entire stake in Malaysia Land Development Company Bhd (MLDC) to Datuk Seri Tong Seech Wi for RM1 cash consideration.It said on Wednesday  Sime Darby Property Bhd had sold the stake, comprising of 5.069 million shares, under the...

FRANKFURT: Thyssenkrupp and Indian peer Tata Steel on Wednesday struck a preliminary agreement to combine their European steel operations in a 50:50 joint venture, creating the continent’s No. 2 steelmaker after ArcelorMittal.The new company, to be named Thyssenkrupp Tata Steel, would be...

SINGAPORE: A plan to acquire Singapore’s United Engineers Ltd by Yanlord Land Group and Perennial Real Estate Holdings that valued the century-old property group and a stake in a subsidiary at US$1.4 billion has failed on low shareholder acceptance.The consortium agreed in July to buy a one-third...

KUALA LUMPUR: The Real Estate and Housing Developers' Association (Rehda) is optimistic of Malaysia's property sector outlook in the first half of 2018 (H1 2018) in tandem with the improvements in the country's economic conditions.Its president, Datuk Seri FD Iskandar, said the optimism was also...

MALAYSIAN RESOURCES CORPBHDBY KENANGA RESEARCHOutperform (maintained)Target price: RM1.14According to the research firm, the issue price of 79 sen represents a 20.2% discount to its theoretical ex-all price of 99 sen.“Based on the issue price of 79 sen, MRCB is looking to raise RM2.25bil from the...