SunCon 4Q net profit falls, targets RM2b new order book
KUALA LUMPUR (Feb 20): Sunway Construction Group Bhd (SunCon) announced a net profit of RM31.
Taman Desa condo collapse: Contractor used illegal workers, failed to pay overtime wages, says report
KUALA LUMPUR (Feb 20): A Labour Department probe on the Taman Desa condominium collapse which occured last Friday (pictured) found that the main contractor of the project being built has allegedly made breaches of the employment law, the Malay Mail reported.
No car park being built next to Fort Cornwallis
PETALING JAYA (Feb 20): “There is not now, nor has there ever been” a plan to build a multi-storey car park next to Fort Cornwallis (pictured) in Penang, according to Chief Minister of Penang Incorporated (CMI) in a statement today.
Property summit postponed
KUALA LUMPUR (Feb 20): The 13th Malaysian Property Summit scheduled to be held on Feb 26, 2020 at Sunway Resort Hotel & Spa, Bandar Sunway has been postponed to Wednesday June 24, 2020 owing to concerns over the COVID-19 outbreak.
Affin Hwang: Malaysia's slower GDP growth in 4Q19 likely to continue into 1Q20
KUALA LUMPUR (Feb 20): Malaysia’s sharp economic slowdown in the fourth quarter of 2019 (4Q19) will likely continue into 1Q20 amid the COVID-19 outbreak, impacting consumer and business sentiment, according to Affin Hwang Capital Research.
Damansara Realty 4Q net profit falls amid higher costs and expenses
KUALA LUMPUR (Feb 19): Damansara Realty Bhd's fourth quarter net profit shrank 15.
Widad acquires UiTM Jasin concession for RM127m
KUALA LUMPUR (Feb 19): Widad Group Bhd is taking over the entire 100% stake in Serendah Heights Sdn Bhd (SHSB), the ultimate owner of a concession to develop and maintain the Universiti Teknologi Mara (UiTM) campus in Jasin, Melaka, for RM127.
IGB 4Q net profit declines amid lower contribution from property investments
KUALA LUMPUR (Feb 19): IGB Bhd posted a nearly 35% drop in net profit for the fourth quarter ended Dec 31, 2019 amid lower contribution from its commercial and retail property investments.
OBYU Holdings makes preliminary objection against forfeiture notice as it is ‘defective’
KUALA LUMPUR (Feb 19): OBYU Holdings Sdn Bhd, which is owned by businessman Tan Sri Bustari Yusof, has made a preliminary objection at the High Court here against the government’s forfeiture notice on the grounds that it is defective.
