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2020-06-12 11:23 | Report Abuse
+12,195 new covid19 cases , world wide , new update
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2020-06-11 02:21 | Report Abuse
breaching rm20 soon......
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2020-06-10 16:36 | Report Abuse
breaking RM20 soon, insider
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2020-06-10 10:49 | Report Abuse
comfort ready to fly again....... TP: 3.80
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2020-05-19 12:18 | Report Abuse
everyone is using MYEG PORTAL now... to pay summon , this n that........
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2020-03-19 14:58 | Report Abuse
good time to buy …...rm0.30
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2020-02-06 10:06 | Report Abuse
buy buy …. before u miss the boat....while still cheap....iwcity
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2020-02-06 09:43 | Report Abuse
PETALING JAYA: It is a case of mixed fortunes with the novel coronavirus outbreak, with certain sectors seeing an increase in sales despite a negative overall impact.
Malaysian Rubber Glove Manufacturers Association president Denis Low said its members have been receiving increased orders from countries making preparations to tackle the outbreak.
“Singapore has just ordered 120 million pieces of gloves despite having only a population of about five million.
“The world is getting very cautious and now many countries are building up a stockpile as a ‘defensive strategy’ in case the virus strikes their country hard, ” he said.
Low added that rubber glove sales were predicted to grow by about 20% to 25%, more than the 17% increase during the Influenza A (H1N1) outbreak in 2009.
He also urged feeder industry players such as latex and chemical suppliers to ramp up production as well to match efforts by the glove makers.
Analysts have estimated that glove manufacturers could see an average 14% boost in their revenues for the year 2020, based on an assumption that global demand for gloves would see a rise of 8% to 9%.
Malaysia is the world’s largest glove producer.
Top Glove Corporation Bhd executive chairman Tan Sri Dr Lim Wee Chai said the total orders from China over the past week was more than double their usual sales to the country.
He said they were expecting more orders depending on the severity of the outbreak and how long it would last.
“We have been in the industry for nearly 30 years and have experienced several spikes in demand for gloves during epidemics such as H1N1 in 2009, SARS in 2002 and MERS in 2012.
“The utilisation rate for our production capacity is at 85% and we are able to ramp it up to 95% or 100% when the need arises. We have sufficient raw materials and manpower, and our plants are also highly automated and digitalised, ” he added.
Lim said Top Glove had also pledged to donate three million gloves to hospitals in Wuhan.
Malaysia has committed to donating 18 million pieces of medical gloves to China to assist in the battle against the outbreak.
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2019-12-19 11:08 | Report Abuse
inari keeps going down...… down down… sell... sell
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2019-12-17 19:36 | Report Abuse
HSR is coming , down to south region , high fly IW CITY soon !
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2019-12-17 16:57 | Report Abuse
PUTRAJAYA (Dec 17): TRX City Sdn Bhd has signed the Reinstatement of Bandar Malaysia Framework Agreement with IWH-CREC Sdn Bhd to develop Bandar Malaysia on the 486-acre plot located at the site of the Royal Malaysian Air Force base on Jalan Sungai Besi.
TRX City is wholly owned by the Minister of Finance Inc, while IWH-CREC is a consortium comprising Iskandar Waterfront Holdings Sdn BHd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC).
In a joint statement today, the parties announced that IWH-CREC is acquiring a 60% stake in Bandar Malaysia Sdn Bhd, the project's master developer, from its parent company TRX City.
The consideration for the stake sale is RM7.41 billion, according to past reports, which the parties said today "was anchored on Bandar Malaysia's land valued at RM12.35 billion". The project's expected gross development value is about RM140 billion.
In the revived deal, the staggered payment term has been shortened from the original seven years to three years.
In addition to the original deposit sum of RM741 million, IWH-CREC will pay an additional RM500 million as advance payment, bringing the total advance to RM1.24 billion.
Finance Minister Lim Guan Eng said the revival of Bandar Malaysia is an integral part of fostering long-term bilateral relations between Malaysia and China.
"Under the new deal, Bandar Malaysia will be more rakyat-centric, as opposed to previously under 1MDB, when the deal was driven by 1MDB Rationalisation Plan aimed at paying off 1MDB's debt.
"We managed to double the number of affordable homes to 10,000 units. We will also create the 85-acre People's Park, which will be a combination of a single contiguous built park and several satellite parks," he said.
Lim also said the project would see greater Bumiputera participation and give priority to the use of Malaysian produced construction materials, technology and talent.
The statement today confirms a report by theedgemarkets.com last Saturday (Dec 14), which reported that apart from the addition of more affordable homes and a massive park, IWH-CREC will pay RM1.24 billion as advance payment. The report also said IWC-CREC will obtain a bank guarantee of the availability of sufficient funds for the settlement of the purchase consideration.
On completion of the stake sale, IWH-CREC will own a 60% stake in the Bandar Malaysia project while the Ministry of Finance will hold the remaining 40%.
With IWH-CREC being a 60:40 joint venture between IWH and China's state-owned enterprise CREC, CREC will have an effective stake of 24% in the project.
Businessman Tan Sri Lim Kang Hoo controls a 63% stake in IWH, while Johor state government's Kumpulan Prasarana Rakyat Johor Sdn Bhd holds the remaining 37%.
https://www.theedgemarkets.com/article/putrajaya-iwhcrec-sign-deal-officially-revive-bandar-malaysia
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2019-12-17 16:26 | Report Abuse
buy buy buy.... flying soon
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Stock: [GENM]: GENTING MALAYSIA BERHAD
2020-06-17 12:22 | Report Abuse
https://www.theedgemarkets.com/article/genting-malaysia-mulling-3000-job-cuts-%E2%80%94-report