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News by theedgemalaysia.com

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Eastern & Oriental’s 3Q earnings rise to RM34m lifted by its property and hospitality segment

22 February, 2024

Property developer Eastern & Oriental Bhd (E&O) has reported a 14.47% growth in its third quarter net profit, thanks to higher contributions from its property and hospitality segment, as well as higher unrealised foreign exchange gains.

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news

Citaglobal-Reneuco consortium wins 30-year concession to power up ECRL

22 February, 2024

A consortium between Citaglobal Bhd and Reneuco Bhd has secured a 30-year concession to supply electricity to the East Coast Rail Link (ECRL) from project owner Malaysia Rail Link Sdn Bhd (MRL).

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KL Tower graft trial: Hydroshoppe director gets temporary release of passport for work engagements

22 February, 2024

The Sessions Court has allowed Hydroshoppe Sdn Bhd director Datuk Abdul Hamid Shaikh Abdul Razak Shaikh's passport to be returned temporarily for him to attend work-related engagements in the US and Germany.

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news

KLK redesignates CEO Lee Oi Hian as executive chairman as Raja Muhammad Alias retires

22 February, 2024

Kuala Lumpur Kepong Bhd has redesignated its chief executive officer Tan Sri Lee Oi Hian as its executive chairman, following the retirement of Tun Raja Muhammad Alias Raja Muhammad Ali as the group's non-executive chairman on Wednesday.

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LBS Bina posts 31% growth in 4Q earnings amid higher contribution from property biz

22 February, 2024

Builder cum property developer LBS Bina Group Bhd has reported a 31% growth in its fourth quarter net profit, underpinned by increased contribution from its property development business and better progress of construction activities. 

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news

Co-labs Coworking plans to double its workspaces in the next two years

22 February, 2024

Co-labs Coworking is eyeing to double its total space under management to 300,000 sq ft across Malaysia in the next two years, its director Benjamin Teo told the press at the official launch of the seventh Co-labs Coworking space at The Five in Damansara Heights, Kuala Lumpur, on Wednesday.

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Gamuda Land inks MOU with higher educational institutions for environment conservation research

21 February, 2024

Gamuda Land, the property arm of Gamuda Bhd, signed memorandums of understanding (MOUs) with three higher educational institutions on Feb 3 for research on environment conservation.

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TH Properties sells around 50 acres of Bandar Enstek land to four companies for RM70m

21 February, 2024

TH Properties Sdn Bhd, a company fully owned by Lembaga Tabung Haji, signed sale and purchase agreements on Tuesday with four companies that purchased around 50 acres (20.23 hectares) of industrial and agriculture land in Bandar Enstek, Negeri Sembilan, totalling RM70.257 million in sales.

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KLK and Batu Kawan report lower earnings in 1QFY24, dragged by downstream activities

21 February, 2024

Batu Kawan Bhd and its 47.74%-owned Kuala Lumpur Kepong Bhd (KLK) has reported lower earnings for the first quarter of financial year 2024 (1QFY2024), dragged by the losses incurred in the manufacturing and farming segments. 

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PAM targets to receive more than 800 participants for SinggahKL 2024

21 February, 2024

The Malaysian Institute of Architects (PAM) expects to receive more than 800 participants for SinggahKL 2024, a two-day guided tour programme to visit 20 selected buildings and sites in Kuala Lumpur, according to programme convenor Almaz Rahim.

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