Weaker ringgit may impact Sime Darby Property’s profit margins, says MD
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
Eco World International to focus on clearing RM850m inventory
The company completed its Australian projects but still has a “significant” presence in the UK, it noted.
Companies moving to Tun Razak Exchange to enjoy incentives, says PM
Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.
Sime Darby Property’s 4Q net profit rises 27%, unbilled sales of RM3.6b provide three-year earnings visibility
The property developer declared a second interim dividend of 1.
Ekovest sells land in KL for RM67mil in related party transaction
Ekovest plans to use the proceeds arising from the disposal to reduce its debts and for working capital purposes.
Strong MCement, YTL Power performance lift YTL Corp 2Q profit six-fold to RM589 mil
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
E&O in talks with banks to raise RM1.5 bil for Andaman Island project
Earlier this year, the group raised RM255.
Radium Development records profit before tax of RM15.77 mil for 4QFYE2023
Radium Development also maintained a gross gearing ratio of 0.
IPC Shopping Centre unveils new anchor tenant MR DIY Plus, more F&B offerings opening this year
Upcoming F&B tenants include Canton Boy, Mr Vegan, Pezzo Pizza, BabaBoy, BananaBro, Bread History & Sandwich Box, KPOP Madang, Taste of Medan, Noodle King House as well as a Western restaurant with a bar concept adjacent to Canton Boy.
Eastern & Oriental’s 3Q earnings rise to RM34m lifted by its property and hospitality segment
Going into 4QFY2024, E&O aims to launch another new product offering on Andaman Island, with 261 units of low-density luxury serviced apartments.
