News by M

PPB Group Bhd's 18.3%-owned associate, Wilmar International Ltd, is capitalising on newly appointed chief operating officer Pua Seck Guan's expertise to undertake property projects.

Lawmakers want the authorities to step up efforts to mend and minimise potholes near construction sites and in residential areas. 

Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.

The more recent developments here are increasingly upmarket.

Chief Minister Lim Guan Eng said there was huge potential for Seberang Prai to be an eco-tourism destination for the region.

Residents' Association (RA) chairman M Manimaran said the security firm chosen by the developer was unlicensed and the foreign workers that it employed did not possess permits to work as guards.

Unbilled sales increased from RM3.99 billion in the third quarter (3QFY15) to RM4.16 billion in 4QFY15. EcoWorld did not declare any final dividends, below our expectation of one sen.

Served by the Wangsa Maju and Sri Rampai LRT stations, Wangsa Maju offers a relatively green environment only six stops away from KLCC.

Analysts had mixed views over S P Setia Bhd's prospects. While some expected the Permodalan Nasional Bhd-owned property developer could achieve its sales target of RM4 billion for its financial year ending Dec 31, 2015 (FY15), there were others who pointed out S P Setia's declining sales over the years.

S P Setia noted that the local property industry continues to face challenges due to current economic uncertainties, with a weaker ringgit, lower oil price, rising costs of living after the implementation of the goods and services tax, and tighter lending from banks