IOI Properties 4Q profit down 3% on higher tax expenses, pays 8 sen dividend
KUALA LUMPUR (Aug 22): IOI Properties Group Bhd has reported a 3% drop in net profit for its fourth financial quarter ended June 30, 2016 (4QFY16) to RM389.
Have the wheels of fortune stopped turning for Genting Singapore?
SINGAPORE (Aug 22): UOB Kay Hian is maintaining its “buy” rating for Genting Singapore, but with a lower target price of 84 cents from 88 previously as the casino operator is hit by lower mass market gross gaming revenue (GGR) at its Resorts World Sentosa (RWS) integrated resort.
Sunway seeks opportunities amidst an economic downturn
PETALING JAYA (Aug 13): Some developers might be deterred by the sluggish property market by pushing back their launches but Sunway Property, the property development arm of Sunway Bhd, sees opportunities in the downturn.
HSR structure levels playing field for international bidders
THERE are still many details of the KL-Singapore high-speed rail project that need ironing out before the bilateral agreement is signed at the end of the year.
Greenland and Amare announce first tranche of six hotels in possible REIT listing
ON July 1, China’s biggest state-owned developer, Greenland Group, and Amare Investment Management Group announced that they would be injecting an initial tranche of six hotels worth S$1.
China’s Zhejiang province takes ‘action plan’ to reduce unsold, unused properties
KUALA LUMPUR (July 13): The property glut monster in China has now reached Zhejiang province.
More than hot air
STEAMING food has been in the Asian cook’s repertoire for generations – countless dishes utilise the heat that steam emits to cook meats and vegetables in order to preserve its colour and flavour.
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Bandar Malaysia sets up Chinese banks-led fund to finance massive project
KUALA LUMPUR (June 16): Bandar Malaysia Sdn Bhd has obtained funding for its massive project with the setting up of a fund backed by leading Chinese and Malaysian banks, with an asset base exceeding US$13 trillion.
