News by Lam Jian Wyn

Kerjaya Prospek Property Bhd's net profit for its first financial quarter ended June 30, 2023 (1QFY2024) was flat at RM21.79 million or 5.89 sen per share, against RM21.72 million or 5.50 sen per share a year ago.

After the group's results for 1HFY2023 came in within expectations, Kenanga Research expects the earnings pattern seen during the period to continue holding up in the coming quarters.

Malaysian Resources Corp Bhd's (MRCB) net gearing levels could surpass 0.49 times if it undertakes the redevelopment of transport hub KL Sentral simultaneously with that of the Shah Alam Sports Complex, said Hong Leong Investment Bank (HLIB) Research.

Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.

Come Aug 1, KLIA Ekspres trains that connect KL Sentral to KLIA Terminal 1 and 2 will run every 20 minutes every day, including national holidays, said its operator Express Rail Link Sdn Bhd (ERL).

The recent hike in conveyancing legal fees after the newly enacted Solicitors' Remuneration (Amendment) Order 2023 was gazetted is untimely, amid the rising cost of living, said the Malaysia Competition Commission (MyCC).

Kerjaya Prospek Property Bhd has appointed Joanne Lee as its new chief executive officer, effective Thursday (July 13).

Sunway Real Estate Investment Trust (SunREIT) has joined forces with HSBC to execute its first sustainability-linked cross currency swap (CCS) in Malaysia, which is worth RM200 million.

Property developer LBS Bina Group Bhd's indirect subsidiary Leaptec Engineering Sdn Bhd has entered into a memorandum of understanding (MOU) with Türkiye-based Desan Deniz Ins San A S to explore the feasibility of developing a shipyard in Tanjung Bruas, Melaka.

Bank Negara Malaysia (BNM) has introduced a standardised housing loan and home financing agreement for retail customers to help consumers understand and compare key terms and conditions in such documents more easily, said the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM).