Sunway eyes overseas operations to contribute 30% to turnover

KUALA LUMPUR: Sunway Bhd, an integrated property and construction company, expects its overseas business operation to contribute about 30 per cent of the company's total turnover in the next five years.

KUALA LUMPUR: KSL Holdings Bhd's pre-tax profit for the second quarter ended June 30, 2011 rose to RM34.07 million from RM24.32 million in the same quarter of 2010.

KUCHING: The state government will refund RM24.56 million in excess land renewal premiums through the Sarawak Land and Survey Department to residential and agriculture land and shophouse lease applicants.

KUALA LUMPUR: Al-'Aqar KPJ REIT  reported earnings of RM11.03 million in the second quarter ended June 30, 2011, which was just 0.8% higher that the RM10.94 million a year ago.

It reported on Tuesday, Aug 23 revenue rose 14.1% to RM19.82 million from RM17.21 million while earnings per share were 1.90 sen compared with 1.89 sen.

KUALA LUMPUR: IJM Land Bhd expects local property market to remain resilient this year, underpinned by stronger demand as younger people were also buying property.

KUALA LUMPUR: Among eminent Malaysians who are the recipients of this year’s Merdeka Award is arhitect Datuk Dr Kenneth Yeang in the Environment Category. The award is in recognition of the recipient's' outstanding and lasting contributions to the nation and the people of Malaysia in their respective fields.

YAMADAMACHI/TOKYO: Sakari Minato has fixed up his house just enough for his family to move back in. The walls still have holes, the windows are temporarily sealed. You can still see the water marks on the outside of the home left by the March 11 tsunami that roared into this northeastern coastal fishing town at the speed of a freight train and bulldozed everything in its path.

PETALING JAYA: AEON Co (M) Bhd invested up to RM55 million to renovate its Jusco Bandar Utama store, which took over a year to complete.

Managing director Nur Qamrina Chew said AEON upgrades its stores every few years, but recently all its retail locations have been undergoing aggressive remodelling in line with the company’s new image.

KUALA LUMPUR: Benalec Holdings Bhd posted a net profit of RM22.8 million for its fourth quarter ended June 30 on the back of RM65.9 million in revenue.

Benalec said its revenue increased 29% from the previous quarter due to an increase in income from its marine construction business.

KUALA LUMPUR: Mah Sing Group Bhd's three projects which opened for sale and previews last weekend -- namely Star Avenue@D'sara in Sungai Buloh, Ambrosia@Kinrara Residence in Puchong and Clover@Garden Residence in Cyberjaya -- achieved sales of RM190 million, the group announced on Monday, Aug 22.