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GuocoLand strengthens position with new appointment

KUALA LUMPUR: GuocoLand (Malaysia) Bhd (GLM) is taking steps to strengthen its foothold in the property industry. Its managing director Paul Poh tells theedgeproperty.com that they are in the midst of transforming GLM into a stronger property player with more drive and dynamism.

MBAM sees steel prices rising by end-year, early 2010

KUALA LUMPUR: The Master Builders Association Malaysia (MBAM) expects steel prices to increase to RM3,000 per tonne around year-end or the beginning of next year, said its chief operating officer Tony Lee.

Berjaya Land 1Q net profit surges 76% to RM78.11m

KUALA LUMPUR: Berjaya Land Bhd's first quarter net profit surged 76% to RM78.11 million for the period ended July 31, 2009 from RM44.36 million a year ago, boosted by the writeback of impairment in value of investments in associated companies and its Toto betting operations.However, it cautioned that its hotels and resorts business may continue to be affected by the current global outbreak of I

Amcorp's sale of AMDB shares undersubscribed

KUALA LUMPUR: AmcorpGroup Bhd's offer for sale of 119.83 million shares in AMDB Bhd was undersubscribed by 92.81%.AMDB said on Sept 28 that as at 5pm on Sept 18, AMDB received total acceptances for 7.75 million shares (6.47%) and excess applications for 859,737 excess offer shares, representing 7.19% of the 119.83 million offer shares made available under the offer.AmcorpGroup had made a renoun

Glomac 1Q net profit at RM8.34m

KUALA LUMPUR: Glomac Bhd posted net profit of RM8.34 million for the first quarter ended July 31, 2009, up from the RM7.8 million a year ago.The company said on Sept 28 that on a pre-tax level, it was up 57% at RM16.47 million versus RM10.5 million a year ago. Revenue slipped to RM58.98 million from RM79.54 million.

TSR Cap secures RM80m govt contract

KUALA LUMPUR: TSR Capital Bhd has secured a RM80 million contract from the government to build part of National Space Centre in Banting, Selangor.TSR Capital said on Sept 28 the its unit TSR Bina Sdn Bhd had accepted the government's letter for the proposed construction of Phase 3A, Space Technology Facility of the centre."The contract is expected to be completed by April 11, 2011 that is withi

The Edge Communications launches property portal

KUALA LUMPUR: Over 200 guests from the property, media and advertising industries witnessed the launch of The Edge Communications Sdn Bhd’s property portal
theedgeproperty.com
at the Sime Darby Convention Centre in Bukit Kiara on Sept 28.

Glomac 1Q net profit at RM8.34 million

KUALA LUMPUR: Glomac Bhd posted net profit of RM8.34 million for the first quarter ended July 31, 2009, up from the RM7.8 million a year ago.

The company said on Sept 28 that on a pre-tax level, it was up 57% at RM16.47 million versus RM10.5 million a year ago. Revenue slipped to RM58.98 million from RM79.54 million. Earnings per share were 2.99 sen versus 2.73 sen.

TSR Cap secures RM80 million government contract

KUALA LUMPUR: TSR Capital Bhd has secured a RM80 million contract from the government to build part of National Space Centre in Banting, Selangor.

TSR Capital said on Sept 28 its unit TSR Bina Sdn Bhd had accepted the government’s letter for the proposed construction of Phase 3A, Space Technology Facility of the centre.

US Treasury to plan aid for state housing agencies

WASHINGTON: The US Treasury Department plans a new liquidity and mortgage bond purchase programme to help state finance agencies that provide mortgages to low-income borrowers, Treasury officials said.