Sime Darby Prop eyes up to 10% recurring income contribution

KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.

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Pan Borneo Highway review findings yet to be presented

KUALA LUMPUR (August 28): The consultant appointed to review awarded contracts related to the Pan Borneo Highway in order to reduce government spending, was given two weeks to complete, after which they must present their findings to the government.

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