KUALA LUMPUR (Feb 12): Penang property developer Tambun Indah Land Bhd saw its net profit for the financial year ended Dec 31, 2014 increased 57.2% to RM102.1 million, from RM65 million previously.

BY THE LOOK of things, Tan Sri Liew Kee Sin, the former chief executive of S P Setia Bhd, may have to relinquish the chairmanship of Battersea Project Holding Co Ltd (BPHCL) before his contract ends in September.

GEORGE TOWN (Feb 12): The country's largest property developer SP Setia Bhd (fundamental: 1.4; valuation: 1.2) is cautious about launching new developments in Malaysia's northern region this year due to the country's economic uncertainties.

KUALA LUMPUR (Feb 12): The government will resume its export duty regime for crude palm oil (CPO) next month, Plantation Industries and Commodities Minister Datuk Seri Amar Douglas Uggah Embas said today.

The export duty rate will be determined on Feb 16.

KUALA LUMPUR (Feb 11): Destination Resorts & Hotels Sdn Bhd (DRH), the leisure and tourism investment army of Khazanah Nasional Bhd, has entered into a collaboration with Thai hotel group Minor Hotel Group Ltd (MHG) to develop an Anantara resort in Malaysia.

KUALA LUMPUR (Feb 11): Property developer Tropicana Corp Bhd's net profit fell 22.5% to RM198.66 million for the fourth quarter ended Dec 31, 2014 (4QFY14), from RM256.45 million a year ago, on lower contribution from its property investment and resort operations segment.

KUALA LUMPUR (Feb 11): Knusford Bhd has entered into a joint-venture agreement with Shanghai Greenland Construction Co Ltd to bid for major building jobs and infrastructure projects in Malaysia and the region.
 

KUALA LUMPUR: BBCC Development Sdn Bhd, developer of the RM8 billion Bukit Bintang City Centre (BBCC), has inked a memorandum of understanding (MoU) with Zepp Hall Network Inc to develop a live event hall in the first phase of the project.

PUTRAJAYA (Feb 10): The government is mulling the implementation of a Housing Guarantee Scheme to safeguard the interest of homebuyers and developers.

Wellfare, Urban Wellbeing and Local Government Minister Datuk Abdul Rahman Dahlan said that a corporation would be set up under the proposed scheme, in which the government would take up a 70% stake.

KUALA LUMPUR (Feb 9): Farlim Group (M) Bhd said it is not involved in the Asean International Eco-City project in Shandong Province, China, as reported by a local daily on Feb 7, 2015.

In an announcement today, Farlim (fundamental: 1.95; valuation: 0.9) clarified that the RM53.4 billion (US$15 billion) project is undertaken by its parent company, Farlim Holding Sdn Bhd.