Dispute resolution panel orders Zelan to pay subcontractor RM22.4 mil
An arbitral tribunal has ruled against Zelan Bhd’s (KL:ZELAN) in a dispute related to a construction contract with subcontractor Landasan Kapital (M) Sdn Bhd.
Lagenda 1Q profit grows 4%, doubles FY2025 property launch target
Lagenda Properties Bhd (KL:LAGENDA) posted a 4.4% year-on-year (y-o-y) increase in net profit for the first quarter, thanks to earnings recognised from elimination adjustments.
Symphony Life plans RM23m private placement to fund Lembah Ledang project
Symphony Life Bhd (KL:SYMLIFE) has proposed to raise up to RM23.53 million via a private placement of 10% of its enlarged share base to fund a joint development project.
YTL Corp's 3Q profit down 16%, dragged by weak YTL Power results, offset by Malayan Cement's strong showing
YTL Corp Bhd (KL:YTL) on Thursday posted a 15.5% year-on-year drop in quarterly net profit, dragged by YTL Power International Bhd's (KL:YTLPOWR) weaker results, offset by a strong showing from Malayan Cement Bhd (KL:MCEMENT).
Axis REIT to establish RM3 bil sukuk programme
Axis Real Estate Investment Trust (KL:AXREIT) has proposed the establishment of a sukuk programme of up to RM3 billion in nominal value.
Exsim Hospitality returns to black on new segment contribution
Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has returned to the black in its third quarter, thanks to a new segment’s contribution.
Acme Holdings to sell 5.85-acre land in Penang for RM22m
Acme Holdings Bhd (KL:ACME) is selling a 5.86-acre parcel together with a building atop in Perai, Penang, for RM22 million cash to Nation Robo Sdn Bhd.
Aneka Jaringan bags RM51 mil substructure job in KL
Aneka Jaringan Holdings Bhd (KL:ANEKA) has secured a RM50.54 million contract to undertake earthworks, piling and substructure works for an apartment and hotel development project in Jalan Sultan Ismail, Kuala Lumpur.
Kerjaya Prospek wins RM75.46m adjudication award in dispute with Yong Tai
Kerjaya Prospek Group Bhd (KL:KERJAYA) said an adjudicator has ordered Yong Tai Bhd (KL:YONGTAI) to pay the construction outfit RM75.46 million over an alleged unpaid contract for a mixed development project in Melaka, known as “The Apple”.
Moody’s: BNM likely to hold OPR at 3%, September cut dependent on inflation and Fed's move
These include headline inflation staying below 3% year-on-year after the implementation of the RON95 targeted subsidy.
