Magna Prima 1H profit within expectations
We expect either weaker sales of inventories or the possibility of more discounts to be given out in 2HFY18, which may result in a lower bottom line due to a challenging property market.
Reduced scale seen for some of LRT3 stations for SunCon
The company has outstanding tenders in excess of RM4 billion, comprising mainly external building jobs.
Balakong by-election: Pakatan Harapan candidate wants to fix infrastructure
“Proper infrastructure upgrades and planning will increase overall happiness of the local people with the issue being raised frequently."
Former Perak MB Nizar: I was able to issue freehold titles without problem
It was reported on Monday, that the Perak government is not allowed to grant permanent (freehold) ownership status to new villages.
Developer cashflow squeezed by longer retention sum period for defect and liability repairs
The HDA stipulates that a sum of money retained for developers to perform repairs during the two-year defect liability period which is equivalent to 5% of the selling price be held by law firms.
Five Johor homes razed, leaving 11 people homeless
No one was injured, as all residents were able to save themselves from any danger.
Penang’s ferries sail into choppy future
“Why would Prasarana spend millions to expand the terminal when the service is running at a loss and the RM90 million allocation is merely to sustain the existing operation?” said a former state executive councillor.
KLCCP Stapled 1HFY18 profit within estimates
Segmental operating indicators were generally positive in 1H18, on the back of a 100% occupancy rate for offices, lower single-digit growth in retail rental reversion, and new parking and maintenance contracts in 1H18.
As the haze returns, Penangites told to stop open burning activities
Some areas across Malaysia have unhealthy levels, from readings taken at 6pm today.
