TSH Resources' Kalimantan land disposal downsized to RM447m
TSH Resources Bhd’s (KL:TSH) land sales, which would have fetched roughly 2.43 trillion Indonesian rupiah (RM731.09 million), in North Kalimantan have been downsized to RM447.17 million.
Analysts trim Sentral REIT earnings forecasts on lower occupancy, but flag attractive yield
Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term.
MK Land reaches settlement with tax authority, shrinking final bill by 85%
MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.
Appeal filed against court's order for govt to return Duta enclave to company, says AGC
The Attorney General's Chambers (AGC) on Thursday filed a notice of appeal against the High Court's decision requiring the government to return 263.72 acres (106.72 hectares) of land known as the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.
BMI: Planned data centre sustainability framework may affect domestic competitive dynamics
The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.
E&O launches The Lume luxury apartment on Penang’s Andaman Island
Eastern & Oriental Bhd (KL:E&O) has launched its latest luxury apartment development named The Lume on its 760-acre Andaman Island master plan development in Penang on Thursday, according to a press statement.
I-Bhd's 2Q net profit triples as leisure business turns around
Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.
Infineon to invest additional RM30b to expand Kulim facility
German semiconductor giant Infineon Technologies AG will invest an additional €5 billion (RM30.1 billion) in constructing the world’s largest 200-millimetre silicon carbide power fabrication plant in Kedah.
Analysts upbeat on Sentral REIT for attractive FY2024 yield
Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.
Businessman Robert Tan offloads half his stake in Paragon Globe, ceases to be substantial shareholder
Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.
