MCO 2.0 to cause delay in property market recovery, says Sime Darby Property
It expects residential market outlook for the year to remain flattish with recovery likely to be delayed to 2022.
Ekovest 2Q net profit down 30% q-o-q as construction, toll segments drag amid renewed lockdown
Construction segment for the quarter reported a lower gross profit of RM34.22 million compared with RM39.46 million in 1QFY21.
Covid-19: New cases drop to 1,924 — lowest in 51 days
The last time the country recorded daily new infections below the 2,000 mark was on Jan 4 with 1,741 cases. The country’s daily new cases climbed to a high of 5,728 on Jan 30.
MRCB’s net profit surges 346% on lower expenses, higher share of results from associates, JVs
Since the resumption of construction activities, MRCB said it saw continued improvements in its profitability, albeit at a slower pace, compared with pre-pandemic levels.
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Taman Rimba Kiara case goes to Federal Court
A lawyer representing the Taman Tun Dr Ismail Resident's Association, which had gone to the court to stop the project, confirmed that an appeal has been filed with the Federal Court by DBKL and Memang Perkasa Sdn Bhd, a subsidiary of Malton Bhd.
Najib, Shafee's appeal to remove Sri Ram from prosecuting them in 1MDB cases fixed on June 17
On Aug 28 last year that High Court judge Justice Datuk Seri Mariana Yahya had dismissed a civil action by the former premier and his lawyer to remove Sri Ram from prosecuting them.
YTL Corp 2Q net profit up 75% on improvement in utilities, construction, cement segments
Revenue increased 10% to RM4.59 billion from RM4.18 billion in 1QFY21.
All four 1MDB-related charges against ex-banker Roger Ng to be tried together
The other two charges were already assigned to Justice Jamil.
Matrix 3Q net profit rises to five-year high, declares three sen dividend
The property developer attributed the increased net profit to reduced administrative and general expenses, higher share of results from the group’s joint venture company in Indonesia, and adjustment in tax provision
GenM clinches RM707m loan for land at Resorts World Casino New York City
In a report Feb 23, legal news service Law360 reported that the loan is for a plot of non-residential land on 110-00 Rockway Boulevard, which is the site of the casino. GenM’s wholly-owned unit Genting New York LLC is the borrower for the deal.
