Malaysia News Highlights : 27th August 15

• Malaysian share prices opened higher today with the higher regional markets following the sharp overnight rebound at Wall Street.
  The FTSE Bursa Malaysia Kuala Lumpur Composite rose 2.38 points to 1,582.75.
   
• Kwasa Land Sdn Bhd, the master developer of iconic Kwasa Damansara township has awarded Project R2-1, a proposed residential development of a site measuring 12.7 acres, to Naza TTDI Sdn Bhd.
   
• Selangor Dredging Bhd (SDB) is looking to replenish its landbank in Malaysia and Singapore as land prices have become more reasonable.
   
• Bermaz Sdn Bhd’s launchs two-seat convertible sports car has expanded the company’s product portfolio in catering to a niche market segment, with the roadster aimed at driving.
   
• Syarikat Takaful Malaysia Bhd (STMB) has entered into a 10 year bancatakaful relationship with RHB Islamic Bank for a total service fee of RM110 million.
   
• Tenaga Nasional Bhd (TNB) has signed a supplemental power purchase agreement (PPA) with Jimah East Power Sdn Bhd (JEP) for the development of the coal-fired power plant in Mukim Jimah.
   
• Hong Leong Bank Bhd's net profit for the fourth quarter ended June 30, 2015 rose 14.4% to RM614.85 million from RM537.45 million in the previous period.