INDUSTRY NEWS (29 SEPTEMBER 2021)
Malaysia to lose over RM48bil if MM2H participants leave country, says Nazri
The country stands to lose up to RM48bil if the majority of the existing Malaysia My Second Home (MM2H) participants were to leave Malaysia as a result of its newly announced stricter requirements, says former Tourism, Arts and Culture minister Datuk Seri Nazri Aziz.
12MP: Focus on improving transport sector will attract foreign investments, says MyHSR Corp CEO
The proposed improvements to the transport sector outlined in the 12th Malaysia Plan (12MP) have been welcomed by MyHSR Corporation Sdn
MRCB’s full control of LRT3 JV to improve profitability
Malaysian Resources Corp Bhd’s acquisition of George Kent Bhd’s entire 50% stake in their Light Rail Transit 3 (LRT3) joint venture is a bargain purchase and will improve contract profitability, says Kenanga Research. In a note, the research house said the RM53mil stake purchase is a bargain given that MRCB-GK Sdn Bhd still has future profits yet to be recognised,
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