Tower REIT appoints Eusoffe Chua as its CEO
The CEO post was left vacant for more than a year. Chua is replacing Teo Juhn How, who resigned on June 8, 2016 to pursue other professional interests.
Ekovest 4Q net profit plunges 86% on lower fair value gain on investment properties
In a filing to Bursa Malaysia yesterday, the company said it recorded a lower fair value gain on investment properties of RM1.6 million against RM123.01 million in 4QFY16.
Tropicana 2Q net profit jumps 58.6% on higher revenue
Tropicana said the group believes that there will still be demand for properties in prime locations with accessibility to good amenities and attractive pricing.
Court rules in SC’s favour in Iris share manipulation case
The SC had alleged that the defendants colluded in the manipulation of Iris shares over 44 days.
WCT Holdings bags RM840 mil LRT3 works
The construction firm has also entered into an agreement to jointly develop the tract in the Tun Razak Exchange (TRX) it bought in October 2015.
PPB Group raises capex to RM565 mil for 2017
For its property segment, PPB plans to launch its mixed development project with an estimated gross development value of RM500 million in Petaling Jaya by the end of this year.
Yong Tai eyes up to 40% revenue from tourism business
Currently, 100% of its revenue comes from the property development business segment.
SunCon posts higher 2Q net profit amid wider margins
SunCon said the construction segment’s revenue went up 7.4% to RM387.2 million from RM360.5 million due to higher progress work from external building projects.
Global Oriental expects better FY18 earnings
Going forward, the company’s strategy is to look for more joint ventures.
Bank Negara Malaysia seen maintaining OPR on 2Q GDP growth — analysts
CIMB said the nation's 2Q17 5.8% economic growth, as measured by GDP, compares with CIMB's and consensus forecast at 5.7% and 5.4% respectively.
