Move aimed at removing him from group that owns financially troubled property — WSJ

Iris Corp Bhd, which has been thrust into the limelight after its deputy managing director Datuk Hamdan Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission for alleged graft...

Jaks Resources has commenced the construction of a power plant, which it will operate for 25 years, in Hai Duong Province, Vietnam. The construction works have helped to boost its earnings substantially.

Revenue for the quarter dropped 44% to RM87.49 million from RM158.13 million a year earlier, its bourse filing today showed. It declared a single-interim dividend of 1.5 sen for the period, to be paid on a date to be fixed.

Econpile executive director and group CEO Raymond Pang said the latest contract win pushes the company’s order book to a record-high of RM1.4 billion.

Shanghai has emerged as the top city for real estate investment in Asia Pacific as of 4Q2016. It is also ranked fifth globally as a real estate investment market in 2016, according to international real estate firm JLL.

Representatives from the property development industry took part in the tour of Prince Court Medical Center, Kuala Lumpur and AraGreens Residences in Ara Damansara, Selangor.

UOA Development also benefitted from a surplus of RM338.26 million, following the revaluation of several of its investment properties, including Vertical Corporate Tower A and The Sphere at Bangsar South, as well as Camellia Serviced Apartments.

MBSB's income statement showed that Islamic financing net income rose to RM304.74 million from RM272.18 million. Bad loan allowance fell to RM168.86 million from RM266.09 million.

Mercury Industries Bhd rose 8.73% in thin trade this morning after its 70%-owned construction unit Paramount Bounty Sdn Bhd (PBSB) won a mixed development project worth RM238 million in Gombak, Selangor.