MRCB 3Q net profit falls 4.4% on higher expenses
KUALA LUMPUR (Nov 21): Malaysian Resources Corp Bhd’s (MRCB) third quarter net profit dropped 4.
IOI Properties 1Q profit up 28% on better earnings from core businesses
KUALA LUMPUR (Nov 20): IOI Properties Group Bhd’s net profit jumped 28.
Johor to review Federal government's RM1m floor on foreign property investment
PETALING JAYA (Nov 20): Johor wants the RM1 million floor on foreign property investment in the country to be reviewed, said its Housing and Local Government committee chairman Datuk Md Jais Sardy.
GuocoLand Malaysia sells PD Resort & JB Parade to Singaporean counterpart
KUALA LUMPUR (Nov 17): Debt-laden GuocoLand (Malaysia) Bhd said its 70%-owned Guoman Hotel & Resort Holdings Sdn Bhd (GNHR) is disposing of equity interests in PD Resort Sdn Bhd and JB Parade Sdn Bhd to its Singaporean counterpart, for RM223.
BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock
KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim as he briefed the media on the country's economic growth for the third quarter.
KTMB eyes developing commercial, retail properties worth RM6b in the next 2-3 years
PUTRAJAYA (Nov 14): Keretapi Tanah Melayu Bhd (KTMB) is eyeing on embarking on its maiden property development project within the Klang Valley area, slated to be worth RM6 billion in the next two to three years, as part of its initiatives to ramp up income from its non-fare segment, according to its chief executive officer Mohd Rani Hisham Samsudin.
Nearly RM220m in govt funds used to recover abandoned home projects
KUALA LUMPUR (Nov 7): A total of 253 abandoned private housing projects, comprising 64,290 units, were reported in Peninsular Malaysia between January 2009 and Oct 11 this year, said the Ministry of Urban Wellbeing, Housing and Local Government.
Fern phase 2 at Meridin East to launch this weekend
JOHOR BAHRU (Nov 7): Mah Sing Group Bhd is launching phase two of Fern at its Meridin East township in Johor Bahru this weekend (Nov 11 and 12).
Lim Kang Hoo suffers setback in IWH-IWCity merger
KUALA LUMPUR (Nov 1): Tycoon Tan Sri Lim Kang Hoo has suffered a setback with his plan to merge Iskandar Waterfront Holdings Sdn Bhd (IWH) with its 38.
Former JCorp CEO Muhammad Ali passes away at 70
KUALA LUMPUR (Oct 31): Former Johor Corp (JCorp) president and chief executive officer (CEO) Tan Sri Muhammad Ali Hashim has passed away at the age of 70, according to a Bernama report.
