News by M

Following Cheah’s resignation, the board of directors will comprise seven directors of which the ratio of independent directors to non-independent directors is 3:4.

As a visual society, colour plays an enormous influence in stimulating our emotional and sensory receptors before subliminally influencing our feelings and moods.

The managing director of WCT Holdings Bhd, Taing Kim Hwa, was named CEO of the Year at the Malaysian Construction Industry Excellence Awards (MCIEA) 2016 organised by the Construction Industry Development Board Malaysia (CIDB).

A major coup for the Malaysian developers of one of London’s best-known landmarks.

The engineering division experienced the best of both worlds with 1HFY17 revenue growing 85% and the profit before tax (PBT) margin expanding from 15.2% to 16.7%.

The group recently rolled out a global launch of four new projects (Eco Ardence, Eco Grandeur, Eco Bloom and Eco Business Park II) consisting of 1,524 units with a gross development value of slightly more than RM1 billion, and an average indicative take-up rate of 81%.

Among the property projects near finalisation are Pusat Bandar Damansara (Pavilion Damansara), and residential properties in Sungai Besi and Jalan Pudu.

One of the largest global independent corporate services providers, Vistra Group, has established its first Business Process Outsourcing (BPO) Centre of Excellence (COE) in Iskandar Puteri, Johor Bahru to support its operations in Singapore and Southeast Asia, the group said in a statement today.

“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”

George Kent said the jump in earnings was mainly contributed by higher contributions from its engineering and metering divisions.