<div class=newsTextDataWrapInner><p>PETALING JAYA (Nov 25): Eco Business Park 1 (EBP 1) by Eco World Development Group Bhd (EcoWorld) won in the industrial category at the <em>Malaysia Property Award 2017</em> tonight.</p></div>

<div class=newsTextDataWrapInner><p>"We are delighted and honoured to receive this great recognition from FIABCI Malaysia. This is also a first for EcoWorld in several aspects. It is our first <em>Malaysia Property Award</em> and Eco Business Park 1 is also EcoWorld's first business park in our business park series," said its president and CEO Datuk Chang Khim Wah.</p></div>

<div class=newsTextDataWrapInner><p>"This win is truly gratifying and is a testament to Team EcoWorld's commitment in building world-class developments along with unmatched service standards, as we continue on our journey of creating tomorrow and beyond," he added.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Located in Flagship A of Iskandar Malaysia, the 612-acre EBP 1 is the developer's first business park.</p></div>

<div class=newsTextDataWrapInner><p>The park also offers the EBP One-stop Business Solution which provides professional services to assist in setting up a business in Malaysia, as well as business incubator facilities.</p></div>

<div class=newsTextDataWrapInner><p>It was launched in 2014 and its units were first handed over this year.</p></div>

<div class=newsTextDataWrapInner><p>Winners of the <em>Malaysia Property Award</em> will go on to compete at the FIABCI World Prix d'Excellence.<br />
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PETALING JAYA (Nov 25): Eco Business Park 1 (EBP 1) by Eco World Development Group Bhd (EcoWorld) won in the industrial category at the Malaysia Property Award 2017 tonight.

"We are delighted and honoured to receive this great recognition from FIABCI Malaysia. This is also a fi...

EcoWorld's Eco Business Park 1 wins at Malaysia Property Award 2017

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<p>AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.</p>


AirAsia X to buy Capital A's aviation business for RM6.8b via share and debt deal 

<p>Chin Teck Plantations Bhd’s net profit surged sevenfold for the financial quarter ended Feb 29, 2024 (2QFY2024) thanks to higher palm oil production as well as lower operating and administrative expenses.</p>


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<p>Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.</p>


Nasdaq-listed TTM Technologies invests RM958 mil for manufacturing plant in Penang

<p>Practice Note 17 (PN17) company Khee San Bhd will increase the allotment underwritten in its proposed rights issue after Ng Meng Kee ceased to be a substantial shareholder and requested to discharge his undertaking.&nbsp;</p>


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<p>Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless &amp; Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).</p>

<p>Plans for this are still at the preliminary stage and extensive preparatory work needs to be carried out, Pantech said in a bourse filing on Thursday.</p>


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<p>ViTrox Corp Bhd saw its net profit nearly halved for the financial quarter ended March 31, 2024 (1QFY2024), primarily due to unfavourable product mix and higher research and development (R&amp;D) expenditures to support the introduction of new products.</p>


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<p>Construction company Inta Bina Group Bhd has secured a contract worth RM224.8 million to develop a 38-storey business serviced apartment in Subang Jaya.</p>


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<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>


AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

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<p>While March’s headline inflation of 1.8% year-on-year (y-o-y) came in slightly lower than consensus expectations of 2%, economists are maintaining their projection that Malaysia's headline inflation will progressively accelerate towards the end of the year on account of the government's fuel subsidy rationalisation plan, utility tariff hikes, and its recent adjustments of the service tax.</p>


Inflation to pick up soon on fiscal consolidation measures after weaker-than-expected March print — economists

<p>Pavilion Real Estate Investment Trust (PavREIT) reported that its first quarter net property income (NPI) jumped 33.2% year-on-year, thanks largely to contribution from its newly acquired mall, Pavilion Bukit Jalil. The increase was also attributed to higher occupancy rates and higher revenue rent from its other retail malls.</p>


PavREIT’s 1Q NPI jumps 33%, pays 2.48 sen distribution per unit

<p>US economic growth slowed more than expected in the first quarter, but an acceleration in inflation suggested that the Federal Reserve would not cut interest rates before September.</p>


US economic growth slows more than expected in first quarter

<p>KUALA LUMPUR (April 25): The Companies Commission of Malaysia (SSM) expects more companies to utilise the new corporate rehabilitation framework introduced by the Companies (Amendment) Act 2024, which came into force on April 1.</p>


SSM expects more companies to utilise new corporate rehabilitation framework

<p>The Malaysian Anti-Corruption Commission (MACC) has served a senior police officer arrested on suspicion of protecting an illegal syndicate in the country's capital a notice to declare his assets before April 28.</p>


Senior police officer arrested for alleged corruption given until April 28 to declare assets to MACC

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