Kumpulan Perangsang Selangor Bhd

Type: Company
Name: Kumpulan Perangsang Selangor Bhd
First reported Apr 11 2014 - Updated Apr 11 2014 - 1 reports

To invoke or not to invoke?

Almost two months after the federal government and the Selangor state government sealed a memorandum of understanding (MoU), there seems to be more uncertainty on the state of affairs in the water assets management in the state.For one thing, invoking ... [Published Focus Malaysia - Apr 11 2014]
First reported Apr 08 2014 - Updated Apr 08 2014 - 1 reports

Water companies' share prices fall

PETALING JAYA: The share prices of some water companies tumbled following news of the federal government’s decision to invoke Section 114 of the Water Services Industry Act 2006 (Wasia), although no date has been fixed.Analysts said the news was not totally ... [Published thestar.com.my - Apr 08 2014]
First reported Apr 07 2014 - Updated Apr 08 2014 - 2 reports

Govt agrees to invoke Water Services Industry Act to ensure security and sustainability of water supply

PETALING JAYA: The federal government has agreed to invoke Section 114 of the Water Services Industry Act 2006 (Wasia), which allows it to assume control of all four water concession companies and a water licensee in Selangor.This is to ensure the security ... [Published thestar.com.my - Apr 08 2014]
First reported Apr 02 2014 - Updated Apr 03 2014 - 2 reports

Loss-making Quality Hotel Shah Alam to be shut down

A + A - Reset SHAH ALAM: Kumpulan Perangsang Selangor Bhd (KPS), a subsidiary of Kumpulan Darul Ehsan Bhd (KDEB), is shutting down its loss-making, four-star hotel here on June 1.Quality Hotel Shah Alam currently occupies seven floors of Plaza Perangsang, ... [Published Malaysia Edge - Apr 03 2014]
First reported Apr 02 2014 - Updated Apr 02 2014 - 1 reports

Khalid: Bible Society must write to AG to get back seized bibles

SHAH ALAM (April 2): The Selangor government says the Bible Society of Malaysia needs to write to the Attorney-General to get back the copies of bibles seized from its premises by the Selangor Islamic Religious Department (JAIS)."We have made a decision ... [Published FZ.com - Apr 02 2014]
First reported Mar 28 2014 - Updated Mar 28 2014 - 2 reports

Sanctity of Selangor water contracts at risk, says Gamuda chief

Gamuda’s group managing director says today that the Selangor government has managed to ‘forcefully’ take over Selangor's water companies at a cheap price. – The Malaysian Insider file pic, March 28, 2014. With Putrajaya preparing to invoke Section 114 ... [Published Malaysian Insider - Mar 28 2014]
First reported Mar 26 2014 - Updated Mar 26 2014 - 1 reports

THE LAUNCHING OF SELANGOR SPORTS STIMULUS

Kumpulan Perangsang Selangor Berhad would like to invite the media to provide news coverage on the launching of “Selangor Sports Stimulus” by the Honourable Dr Ahmad Yunus bin Hairi, Selangor State Permanent Committee for Youth, Sports, Infrastructure ... [Published Media Relations and Event Management - Mar 26 2014]
First reported Mar 20 2014 - Updated Mar 21 2014 - 2 reports

Putrajaya to take over Selangor water firms in two weeks, run them until Langat 2 comes online

Putrajaya says the water situation in Selangor is grave and a matter of national interests that warranted the taking over of the operations of water assets in the state. – The Malaysian Insider file pic, March 21, 2014. Putrajaya has said it is taking ... [Published Malaysian Insider - Mar 21 2014]
First reported Mar 12 2014 - Updated Mar 13 2014 - 2 reports

Share prices open higher on renewed buying interest

on renewed buying interest for local equities after its recent losses. — Reuters pic KUALA LUMPUR, March 13 ― Shares opened higher on Bursa Malaysia this morning on renewed buying interest for local equities after its recent losses, dealers said.At 9.20am, ... [Published Malay Mail - Mar 13 2014]
First reported Mar 12 2014 - Updated Mar 12 2014 - 2 reports

GAMUDA BERHAD : `Arbitration an option to end sale impasse'

KUALA LUMPUR : Arbitration is a possible solution to resolve the impasse surrounding the Selangor water assets sale, said analysts.Negotiations should continue until a willing-buyer-willing- seller outcome is reached, said Maybank IB Research .But if ... [Published 4 Traders - Mar 12 2014]
First reported Mar 10 2014 - Updated Mar 11 2014 - 3 reports

Puncak Niaga, Gamuda fall after rejecting Selangor offer

KUALA LUMPUR: Puncak Niaga Holdings Bhd and Gamuda Bhd fell on Tuesday after they continued to reject a renewed offer from the Selangor government for the water assets.At 10.47am, Puncak Niaga was down seven sen to RM3.28, with 343,300 shares dones.Gamuda ... [Published thestar.com.my - Mar 11 2014]
First reported Mar 09 2014 - Updated Mar 10 2014 - 4 reports

Puncak Niaga, Gamuda say no to offer again

PETALING JAYA: Puncak Niaga Holdings Bhd and Gamuda Bhd have spurned Selangor state investment arm Kumpulan Darul Ehsan Bhd's (KDEB) latest attempt to consolidate the water sector, consistent with their stand just three months ago.Kumpulan Perangsang ... [Published The Sun Daily - Mar 10 2014]

Quotes

...of Syarikat Pengeluar Air Selangor Sdn Bhd (Spalsh), have both publicly spoken out against the invocation of of the Act, with Lin saying that "the sanctity of government contracts would be questioned if Section 114 of WSIA was finally invoked"
"Although the state government, through KDEB, has a majority share in Perangsang Selangor, however, the management and decisions are to be made by Perangsang Selangor's board members."
...the closure of the 154-room hotel was on Selangor economic adviser Datuk Seri Anwar Ibrahim's advice, Khalid, who is also KDEB chairman, said, "If I do not know about this, how could he know."
"I'm sure that whatever decision made by the board members would take into account the welfare of its employees.  In fact, it should follow the proper procedures" he said

More Content

All (47) | News (43) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (4) | Press Releases (0)
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To invoke or not to invoke? [Published Focus Malaysia - Apr 11 2014]
Water: Putrajaya seeks revision of RM9.65b offe... [Published FZ.com - Apr 10 2014]
Rozali hints at water deal acceptance [Published thestar.com.my - Apr 09 2014]
Water companies' share prices fall [Published thestar.com.my - Apr 08 2014]
#Water Stocks* Gamuda, Puncak, KPS fall after C... [Published Malaysia Edge - Apr 08 2014]
Govt agrees to invoke Water Services Industry A... [Published thestar.com.my - Apr 08 2014]
Forced sale of Selangor water assets [Published The Sun Daily - Apr 07 2014]
Loss-making Quality Hotel Shah Alam to be shut ... [Published Malaysia Edge - Apr 03 2014]
Selangor MB: Kumpulan Perangsang Selangor's boa... [Published New Straits Times - Apr 02 2014]
KDEB To Summon KPS Board Over Retrenchment Of Q... [Published Bernama - Apr 02 2014]
Khalid: Bible Society must write to AG to get b... [Published FZ.com - Apr 02 2014]
Forced takeover of water assets poses huge risk... [Published Malaysia Edge - Apr 02 2014]
‘Water restructuring is for benefit of the public’ [Published Malaysia Edge - Mar 31 2014]
Sanctity of Selangor water contracts at risk, s... [Published Malaysian Insider - Mar 28 2014]
#Highlight* Sanctity of contracts questioned [Published Malaysia Edge - Mar 28 2014]
Perangsang Selangor To Embark On Initiative To ... [Published Bernama - Mar 27 2014]
THE LAUNCHING OF SELANGOR SPORTS STIMULUS [Published Media Relations and Event Management - Mar 26 2014]
Langat 2 will change dynamics of supply and dem... [Published thestar.com.my - Mar 21 2014]
Putrajaya to take over Selangor water firms in ... [Published Malaysian Insider - Mar 21 2014]
Wasia: On, off, on again [Published thestar.com.my - Mar 20 2014]
Wan Azmi: An abuse of power [Published thestar.com.my - Mar 14 2014]
Puncak Niaga shares tumble after CIMB downgrade [Published thestar.com.my - Mar 13 2014]
Trading ideas: Century Logistics, Pintaras Jaya... [Published thestar.com.my - Mar 13 2014]
MIDF Research keeps Buy call on Puncak Niaga [Published thestar.com.my - Mar 13 2014]
Share prices open higher on renewed buying inte... [Published Malay Mail - Mar 13 2014]
#Market Open* KLCI edges up marginally as senti... [Published Malaysia Edge - Mar 13 2014]
Selangor Govt need only pay RM7.65bil for water... [Published thestar.com.my - Mar 12 2014]
Share prices open lower [Published Malay Mail - Mar 12 2014]
#Highlight* WASIA finally invoked [Published Malaysia Edge - Mar 12 2014]
#Market Open* KLCI dips 0.36% on regional weakness [Published Malaysia Edge - Mar 12 2014]
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