<div class=newsTextDataWrapInner><p>SINGAPORE (April 18): Cogent Holdings will commence construction of a new warehouse on a plot of land measuring 9.6 acres in the Port Klang Free Zone, Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>The construction is part of phase two following the completion of phase one of its warehouse and container depot facilities there.</p></div>

<div class=newsTextDataWrapInner><p>The contract for the construction of phase two was awarded to Shui Xing Ventures on April 14 by SH Cogent Logistics, the logistics company’s indirect wholly-owned subsidiary.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It will cost Cogent $8.9 million, which will be funded by bank loans and internal funds.</p></div>

<div class=newsTextDataWrapInner><p>Construction is expected to complete in April next year and the new warehouse facility will have a build-up area of not less than 6.2 acres.</p></div>

<div class=newsTextDataWrapInner><p>Cogent says the new warehouse would enable the company to establish a “stronger foothold” in the warehousing market in PKFZ.</p></div>

<div class=newsTextDataWrapInner><p>The company adds that SH Cogent has already secured a tenant on a three-year term lease, who will move in once phase two is completed.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Cogent ended down 0.5 cent or 1.02% to 48.5 cents.</p></div>


SINGAPORE (April 18): Cogent Holdings will commence construction of a new warehouse on a plot of land measuring 9.6 acres in the Port Klang Free Zone, Malaysia.

The construction is part of phase two following the completion of phase one of its warehouse and container depot facilities th...

Cogent to build new warehouse in Malaysia under Phase 2 of development

The Malaysian Anti-Corruption Commission (MACC) has thwarted a syndicate involved in corruption and money laundering activities, allowing public servants with bad debts to secure personal loans from local banking institutions.

Chief Commissioner Tan Sri Azam Baki said the MACC Anti-Money Laundering Division carried out the concerted effort with Bank Negara Malaysia and local financial institutions under "Ops Sky", which led to the arrest of 12 individuals on Monday.

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The UK paid the most in decades to sell 30-year inflation-linked debt after a punishing sell-off that’s seen investors dump British stocks, bonds and the pound.

The interest rate of 2.126% the government must pay on top of inflation for the £1 billion (US$1.2 billion or RM5.49 billion) of bonds sold at auction on Tuesday was the highest in data going back to 2006. The last time the so-called real yield for 30-year debt was consistently around this level was more than two decades ago.

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Asean remains a relevant bloc with a key role in today’s geopolitical landscape.

This is evident as several countries, including major powers, express interest in forming partnerships and becoming dialogue partners with the regional bloc.

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A committee to study amendments to the Contract Act 1950 (Act 136) has been set up to conduct a comprehensive study of the Act, which was last amended in 1976.

The Prime Minister’s Department’s Legal Affairs Division said in a statement on Tuesday that the committee was set up with the assistance of Monash University and Universiti Kebangsaan Malaysia (UKM), and will be chaired by Federal Court judge Datuk Vazeer Alam Mydin Meera.

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Target 1 Sdn Bhd announced that the Securities Commission Malaysia (SC) has given another seven days' extension for the company to deliver the mandatory takeover offer documentation to South Malaysia Industries Bhd’s (KL:SMI) shareholders.

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The Ministry of Health (MOH) has stressed that it does not intend to withdraw the smoking ban in offices, which has been in effect since Jan 1, 2025.

Health Minister Datuk Seri Dr Dzulkefly Ahmad said all relevant acts and regulations, including Act 852, will continue to be enforced as stipulated.

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Labuan is set to launch its Tourism Blueprint 2025-2030 in its bid to enhance its tourism sector over the next five years.

Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa said the blueprint was being drafted by the University Malaysia Sabah (UMS) Borneo Tourism Research Centre and is projected for completion by April 2025.

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The police will assess whether to extend the remand period or complete the investigation into four individuals, including a top management officer of a local broadcasting company, who are suspected of being involved in a money laundering case.

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Greek Prime Minister Kyriakos Mitsotakis called on the European Union (EU) to consider new ways to bring down gas and electricity prices, as part of a wider bid to boost the bloc’s competitiveness.

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<p>COMING off a lacklustre 2023 in which the equity market struggled to get back on its feet amid harsh economic circumstances, Bursa Malaysia roared back to life in the first eight months of the year, mainly on the back of foreign investor buying, before easing in the last four months to trail Sing...

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<p>Yinson Production, an indirect subsidiary of Yinson Holdings Bhd (KL:YINSON), has secured US$1 billion (RM4.51 billion) worth of funding from a consortium of international investors, led by a wholly owned subsidiary of Abu Dhabi Investment Authority (Adia), for expansion.</p>


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<p>The High Court has dismissed former attorney general Tan Sri Tommy Thomas' attempt to remove judge Roz Mawar Rozain from presiding over the malicious prosecution suit filed against him (Thomas), the Malaysian Anti-Corruption Commission (MACC), and the government by former Federal Land Development Authority chairman Tan Sri Shahrir Samad.</p>


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<p>Public Bank Bhd and its late founder’s family unveiled moves to ensure the continuity of the franchise</p>

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<p>Sunway Property, the property arm of Sunway Group, announced on Tuesday the appointment of Chung Soo Kiong as its new managing director.</p>


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<p>The digital bank jointly owned by YTL Power International Bhd (KL:YTLPOWR) and Singapore-based Sea Ltd has received approval from the Ministry of Finance (MOF) to commence operations, effective Dec 20, 2024.</p>


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<p>The distribution of the 'Sumbangan Asas Rahmah' (Sara) aid starting from Wednesday will see improvements in the targeted aid, resulting from an increase in allocations under Budget 2025 for the Sara and 'Sumbangan Tunai Rahmah' (STR) assistance to their highest historical level of RM13 billion, compared with RM10 billion in 2024.</p>


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<p>The Malaysian ringgit will likely appreciate and outperform regional currencies "slightly" in the near term thanks to its supportive fundamentals that allay downside risks, Standard Chartered said.</p>


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<p>When shown US Department of Justice (DOJ) action documents for 2017 and 2021, former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy agreed that 1MDB funds following two bond energy deals in 2012, and two Deutsche Bank loans in 2014, had made their way to “MO1”, his wife Datin Seri Rosmah Mansor, fugitive businessman Low Taek Jho (Jho Low), Jho Low’s associate Eric Tan Kim Loong, film producer Riza Aziz, rapper Kasseem Dean, and then-managing director of International Petroleum Investment Company (IPIC) Khadem al-Qubaisi.</p>


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<p>The ringgit is expected to come under pressure against the US dollar, following Donald Trump's return to the White House and a slowdown in China's economy, according to Maybank Investment Bank.</p>


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<p>These corporate old-timers continued to make headlines&nbsp;</p>

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<p>US President Joe&nbsp;Biden's outgoing administration is finalising rules on Tuesday that will effectively bar nearly all Chinese cars and trucks from the US&nbsp;market, as part of a crackdown on vehicle software and hardware from China.</p>


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<p>PUTRAJAYA (Jan 14): Former prime minister Datuk Seri Najib Razak told the court on Tuesday that none of the purported 1Malaysia Development Bhd (1MDB) funds spent on corporate social responsibility (CSR) projects&nbsp;benefitted him, or boosted his personal image.</p>


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<p>Consumer spending in Malaysia appears resilient and may be sustained in the near term with policy measures, economists said, shrugging off the latest data showing slower retail and wholesale trade.</p>


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<p>DATA centres (DCs) have been sprouting in Malaysia, particularly in Selangor, over the years or decades even, but DCs as an investment play is quite a new development on the Malaysian stock market.</p>

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