China’s liquidity squeeze casts shadow over Iskandar Malaysia
“Invest in the next Shenzhen” and “Right next to Singapore” are some of the taglines used by China-based developers to promote their property projects in Johor Bahru and Iskandar Malaysia.
Redevelopment of Subang’s Terminal 2 to begin end-2017
KUALA LUMPUR (June 2): The redevelopment of Terminal 2 at the Sultan Abdul Aziz Shah Airport in Subang, Selangor, is set to begin at end-2017, said Subang SkyPark Sdn Bhd executive director Tan Sri Ravindran Menon.
Tie-up with EPF helps reduce MRCB's cash flow burden, say analysts
KUALA LUMPUR (June 2): Malaysian Resources Corp Bhd's (MRCB) tie-up with the Employees Provident Fund (EPF) will help reduce the conglomerate's burden of having to finance the entire Bukit Jalil project here by itself, said analysts, who are positive on the proposed joint venture (JV).
CapitaLand signs agreement to construct pedestrian bridge
KUALA LUMPUR (June 1): CapitaLand Malaysia Mall Trust (CMMT) has entered into an agreement with K Two Realty Holding Sdn Bhd to construct and manage a link bridge situated between Sungei Wang Plaza (SWP) and Berjaya Times Square.
MRCB ropes in EPF to develop Bukit Jalil land
KUALA LUMPUR (June 1): Malaysian Resources Corp Bhd (MRCB) is partnering with its largest shareholder, the Employees Provident Fund (EPF), to jointly develop three parcels of leasehold land in Bukit Jalil into an integrated development, which will have a potential gross development value (GDV) of RM21 billion over a 20-year period.
LBS Bina’s 1Q net profit soars 47%
KUALA LUMPUR (May 31): LBS Bina Group Bhd’s net profit soared 47% to RM24.
AZRB 1Q net profit up 45.7% on improved margin, higher property revenue
KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) first-quarter net profit rose 45.
Sunway 1Q net profit up 5.7% on better performance in most segments
KUALA LUMPUR (May 30): Sunway Bhd’s net profit rose 5.
WCT's 1Q earnings increases 3.7 times, led by construction unit
KUALA LUMPUR (May 30): WCT Holdings Bhd's net profit increased 3.