After 15 years, Plaza Rakyat revival plans in final stages

KUALA LUMPUR (June 2): Kuala Lumpur City Hall (DBKL) is in the final stages of discussing plans to revive the Plaza Rakyat project in Jalan Pudu with Profit Consortium Sdn Bhd, the developer appointed to take over the long-abandoned building and give it a new lease of life.

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Prinsiptek expects better earnings beginning 2HFY15

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

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