Yong Tai eyes up to 40% revenue from tourism business

KUALA LUMPUR (Aug 28): Property developer Yong Tai Bhd expects its tourism business segment to contribute up to 40% of its revenue starting financial year ending June 30, 2019 (FY19), with the property development business segment taking up the rest.

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Cemented by decades of love

Kerjaya Prospek Group Bhd’s Datuk Tee Eng Ho and Datin Toh Siew Chuon Kerjaya Prospek Group Bhd, previously named Fututech Bhd, is headed by Datuk Tee Eng Ho and his brother Eng Seng, who are currently the company’s executive chairman and executive director, respectively.

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Sime Darby makes record RM684 mil impairment to give pure plays a clean start

KUALA LUMPUR (Aug 26): Sime Darby Bhd, which is set to list its plantation and property arms — Sime Darby Plantation Bhd (SD Plantation) and Sime Darby Property Bhd (SD Property) — separately on Bursa Malaysia by November, has undertaken a record impairment at the group level to provide a clean sheet for their financials, moving forward.

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An industrious couple

I-Bhd’s Tan Sri Lim Kim Hong and Puan Sri Tey Siew Thuan Drive along the Federal Highway towards Klang in the evening and you will come across the colourful LED-lighted landscape of i-City, an ultrapolis taking shape across 72 acres of freehold land in Section 7, Shah Alam, Selangor.

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IWCity posts small profit in 2Q

KUALA LUMPUR (Aug 25): After posting six consecutive quarters of losses, Iskandar Waterfront City Bhd (IWCity) returned to the black in its second quarter ended June 30, 2017 (2QFY17) thanks to its property development segment, despite a more than 40% drop in revenue.

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