Sunway Berhad, through its wholly-owned subsidiary, SunwayMas Sdn Bhd, signed a shareholders’ agreement with Perkasa Bernas (M) Sdn Bhd, a subsidiary of MKH Berhad.

The agreement was for a joint venture vehicle, Daksina Harta Sdn Bhd via SunwayMas’ disposal of four ordinary shares in Daksina to Perkasa, at a total consideration of RM5 million.

Tenaga Nasional Bhd (TNB), through TNB Research Sdn Bhd has teamed up with two other companies on a demonstration plant that cleans and removes impurities from palm oil empty fruit bunches (EFB) used in the production of premium biomass pellet. The pellet is manifactured as fuel for power generation.

TNB Research, together with KEPRI, the research institute of KEPCO, South Korea’s largest electric utility and Detik Aturan Sdn Bhd (DASB), a Malaysian biomass pellet producer, last Tuesday launched the demonstration plant, Malaysia’s first Biomass Water Washing Demonstration Plant.

Malaysia continues to attract new approved direct investments in the services, manufacturing and primary sectors in the first half of 2018 (1H 2018) with a total of RM80.2 billion, an increase of 17.7% from the same period last year (RM68.2 billion). The investments approved in January - June were from 2,346 projects. These are expected to generate 60,181 job opportunities for Malaysia.

Despite rising competition and a challenging external environment, Malaysia remains a competitive investment location for foreign investors. Foreign investments increased by 35.3% to RM26.5 billion in 1H 2018 from RM19.6 billion in the same period last year. The increases in foreign investments were mainly seen in the manufacturing and primary sectors. Meanwhile, domestic investments led with RM53.7 billion, contributing 67% to the total approved investments in all three sectors. The performance of the domestic investments also saw a rise of 10.5% from RM48.6 billion in the same period last year.

Shopee once again launches “Shopee 11.11 Big Sale”, he number one year-end online shopping festival in the region.

Shopee 11.11 Big Sale promises an upsized and improved series of non-stop promotions from October 25 to November 11, including exclusive Sales & Service Tax (SST) absorbed deals from top brands, the return of highly-popular themed days, and RM1.1 million worth of Shopee coins up for grabs on the well-received in-app game Shopee Shake.

Singaporean buyers currently on the lookout for good properties are in luck said ERA Realty Network Pte Ltd key executive officer, Eugene Lim as there will be significant interest in properties that are deemed to have the right attributes.

These attributes include being on the city fringe, easy access to the MRT and other transport amenities, and reasonable prices.

Commerce DotAsia Ventures Sdn Bhd, an omnichannel ecosystem builder that invest into commerce enablers has set a new record for raising the Largest Equity Crowdfunding Round in Malaysia recognized by the Malaysian Book of Records.

93 Malaysian and international investors participated in the online fund raising exercise to invest into Commerce.Asia through PitchIN, a licensed equity crowdfunding platform.

Serba Dinamik Holdings Berhad, a global integrated engineering services provider, announced the successful securement of thirteen operations and maintenance contracts through both its wholly-owned subsidiaries, Serba Dinamik International Ltd (SDIL) and Serba Dinamik Sdn Bhd (SDSB).

The group said four contracts were awarded to its wholly-owned subsidiary Serba Dinamik International Ltd (SDIL) for O&M works in the Middle East.

Manforce Group Berhad is well on its way to being listed on the Leading Entrepreneur Accelerator Platform (LEAP) Market, following a ceremony today to mark the launch of the Information Memorandum for its Initial Public Offering exercise (IPO).

The IPO entails a proposed placement of 47,997,400 ordinary shares at an indicative issue price of RM0.18/placement share.

CCM Duopharma Biotech Berhad and SCM Lifescience Co., Ltd. of Korea announced that they have entered into a share subscription agreement (SSA).

Whereby CCM Duopharma acquired common shares and redeemable preference convertible shares in SCM Lifescience upon and subject to the terms and conditions set out in the SSA.

Ajiya Berhad, registered a profit after tax (PAT) of RM16.8 million in the third quarter ended 31 August 2018 (3QFY2018), which is 14 times higher than the RM1.2 million achieved a year ago.

Ajiya’s revenue also improved by 4 per cent to RM96.2 million, as compared to RM92.2 million in the corresponding period last year.