Malaysia's 2021 economic recovery underpinned by effective vaccine roll-out, says World Bank
World Bank senior economist Shakira Teh Sharifuddin said the growth next year would partly be driven by a low-base effect from 2020.
Mah Sing mulls listing manufacturing division in Hong Kong
At a briefing today, Mah Sing executive director Datuk Steven Ng said the group is exploring the listing of its manufacturing division within the next five years.
Econpile bags RM348m job in Cambodia
The group said its wholly-owned subsidiary Econpile (M) Sdn Bhd was awarded the contract yesterday by MCC International Inc Ltd.
Genting Malaysia’s resort in the Bahamas to reopen on Dec 26
On its website, Resorts World Bimini Bahamas said that it had been taking extra precautions for the safety of its guests, noting that limited packages including two-night packages are currently available for booking.
Ekovest back in the black thanks to resumption of business activities
The group attributed the improved results to more construction work done being recognised, an increase in traffic volume for its toll operations, and an increase in rental income from the EkoCheras Shopping Mall, compared with 4QFY20.
Sunway returns to profit in 3Q as business ops resume after movement restrictions lift
Almost all business segments registered improved profit contributions, the group noted, except for its property development and other segments.
Parkson 1Q net losses narrow on sales recovery in China and Malaysia
The group explained the lower revenue was on account of Covid-19 hitting footfall and purchases at its stores in Malaysia, Indonesia and Vietnam.
UEM Sunrise’s 3Q losses narrow on greater construction activities and higher sales
UEM Sunrise posted a net loss of RM144.17 million for the nine months ended Sept 30, 2020, compared with a net profit of RM97.56 million in the same period last year.
IGB reverses losses in 3Q on higher contributions from business segments
In a bourse filing, IGB attributed the better earnings to higher contributions from its retail property investments, commercial property investments and hotel and investment divisions.
