Sabah & Sarawak
Sabah’s WMG to launch RM1.3 billion new projects post- listing
Sabah- based proper ty developer WMG Holdings Bhd is set to expand its land bank and launch more development projects in Sabah upon its successful listing on the Main Market of Bursa Malaysia via a reverse take- over of Tekala Corporation Bhd. Currently, WMG has a total undeveloped land bank of approximately 620 acres, of which 442 acres are in Sandakan while the remaining 178 acres are in Kota Kinabalu. Inef f icient system to standardise prices of controlled goods in rural Sarawak
A lack of monitoring and enforcement is the cause behind the unsatisfactory performance behind in the distribution of controlled goods to rural and remote areas in Sarawak. This is according to the Auditor General’s Repor t 2016 : Management of the Federal Government and Government Agencies’ Companies ( AG Report 2016). Malaysia to send 6 MPS to Europe to seek support for palm oil
Malaysia is sending six lawmakers to Europe in September to meet and seek support from Members of the European Parliament in relation to palm oil.
Plant at ion Indust r ies and Commodities Minister, Datuk Seri Mah Siew Keong, said the six Members of Parliament ( MPs) chosen for the delegation would come from Barisan Nasional and non- BN representatives. RAM reaf f irms stable rat ing of Sabah’s RM1 billion bonds
RAM Ratings on Wednesday reaffirmed the AAA/stable rating of the state government of Sabah’s RM1 billion Bonds ( 2014/ 2019) . The rating is based on the Constitution of Malaysia’s requirement that any borrowing by state governments be subject to the approval of the federal government. Good first half of the year for Delta Leasing
Delta Leasing Sdn Bhd came in with a good set of financial results for the first half of this year despite a tough operating economic environment. According to its press release here, its’ after- tax operating profit for the first half (1H) of 2017 enjoyed a growth rate of 14 per cent, coming in at RM1 million as compared with RM905,000 in in 1H2016. Labuan Liber ty Port played big role in island’s O& G sector
It may be smal l , but the Labuan Liberty Port played a major role in the heydays of the oil and gas ( O& G) sector of Malaysia’s International Financial Centre ( IFC) here. The port is managed by the long- serving operator, Labuan Liberty Port Management Sdn Bhd ( LLPM).