Higher tax rates drag Tiong Nam’s 3Q net profit
KUALA LUMPUR (Feb 26): Tiong Nam Logistics Holdings Bhd’s net profit dropped 43% to RM9.
IDEAS: Government intervention distorts affordable housing supply
KUALA LUMPUR (Feb 26): Government intervention on supply of affordable housing has resulted in unwanted consequence — unfair competition that deters active participation of the private developers in this segment, according to Institute for Democracy and Economic Affairs (IDEAS) senior fellow Dr Carmelo Ferlito.
Construction segment lifts Kerjaya Prospek's 4Q net profit by 9%
KUALA LUMPUR (Feb 26): Property developer and contractor Kerjaya Prospek Group Bhd's net profit rose 9.
DBKL: Parking bays only reserved during business hours
PETALING JAYA (Feb 26): Those renting reserved parking bays in front of their building premises are reminded that these bays are only reserved during working hours — and the local council will take action against those who fail to comply with the stipulated time, warned Kuala Lumpur City Hall (DBKL).
Further developments likely on Taman Rimba Kiara, claims group
KUALA LUMPUR (Feb 26): Save Taman Rimba Kiara has discovered that further developments on the park in Taman Tun Dr Ismail have been proposed, according to Dewan Bandaraya Kuala Lumpur’s (DBKL) planning database.
Only one child per govt pensioner eligible for PPA1M
PETALING JAYA (Feb 26): Only one child of a government pensioner is eligible for affordable homes offered by the 1Malaysia Civil Servants Housing Programme (PPA1M), said Chief Secretary to the Government Tan Sri Dr Ali Hamsa (pictured).
TTDI crime rate drops by 40% on pilot policing programme
PETALING JAYA (Feb 26): The crime rate in Taman Tun Dr Ismail (TTDI) has fallen by 40%, 20 months after a new policing programme was introduced to the neighbourhood, reported The Star.
How 1 Utama retains its appeal
While the news of the oversupply of malls in the Klang Valley has been talked about to death and the fierce competition to attract visitors is no longer foreign, there are some malls that are thronged all day and all night long.
IOI Properties 2Q net profit plunges 60% on lower overseas project contribution, impairment loss
KUALA LUMPUR (Feb 24): IOI Properties Group Bhd's net profit plunged 60% to RM109.
IOI Properties' S'pore project faces setbacks, say sources
PETALING JAYA (Feb 24): IOI Properties Group Bhd’s proposed joint venture in the Marina Bay financial district has faced challenges in obtaining longer-term financing and fulfilling specific conditions precedent, reported The Edge weekly, citing sources.
