Improved property, pharmaceutical segments push Kobay’s 1Q earnings 8.2% higher
For the property development division, Kobay expects positive performance in FY23, on the back of completion of its maiden Langkawi projects by year-end.
For the property development division, Kobay expects positive performance in FY23, on the back of completion of its maiden Langkawi projects by year-end.
Dubbed Sheraton Langkawi Resort and Spa, the hotel building will have a gross development value (GDV) of RM352 million.
“The group intends to acquire Wings to utilise the property as a healthcare service facility for its health and wellness treatments and services,” Nexgram said.
The contract is for a period of 10 months, from Sept 22, 2022, to July 22, 2023.
The group’s 75%-owned subsidiary Sentoria Langkawi Sdn Bhd (SLSB) had signed two agreements with LADA in 2014 to lease 70 acres of land in Padang Mat Sirat for a lease premium consideration of RM30.
KUALA LUMPUR (March 23): Construction and integrated facilities management firm Widad Business Group Sdn Bhd (WBG) said Wednesday (March 23) it is considering a partnership with China-based construction machinery manufacturers SANY Group to leverage the latter’s industrialised building system (IBS) technology for its Langkasuka mega-project — a RM40 billion mixed-use complex in Langkawi.
KUALA LUMPUR (March 10): The Langkasuka project in Langkawi will kick start in the second quarter of 2022.
PETALING JAYA (Sept 3): Malaysia is preparing to reopen its long-battered tourism industry with a pilot programme starting from Pulau Langkawi on Sept 16, mirroring Thailand’s Phuket “sandbox” model, reported Bloomberg.
KUALA LUMPUR (Aug 15): Prime Minister Tan Sri Muhyiddin Yassin announced today that the government is currently studying the views and feedback from stakeholders on plans to make Langkawi Island a pilot project for a tourism bubble destination.
PETALING JAYA (June 21): Langkawi will be the first pilot area for Malaysian government’s green bubble programme.