Tiong Nam 4Q net profit up 20.2% on higher contribution from property segment
KUALA LUMPUR (May 25): Tiong Nam Logistics Holdings Bhd saw its net profit rise 20.
E&O’s 4Q profit doubles, proposes stock dividend
KUALA LUMPUR (May 25): Eastern & Oriental Bhd’s net profit for its fourth quarter of its 2015 financial year has doubled to RM100.
WCT 1Q profit drops 17% on completion of projects
KUALA LUMPUR (May 25): WCT Holdings Bhd’s net profit declined 17% to RM33.
Commercial banks say no truth in tougher credit checks on home buyers
KUALA LUMPUR (May 25): The Association of Banks in Malaysia (ABM), which represents 27 commercial banks operating in the country, said it is "not true" there are now tougher credit checks on potential home buyers.
Mulpha Land plans private placement for land buy, pay debt
KUALA LUMPUR: Property developer Mulpha Land Bhd plans to undertake a private placement of up to 10% of its issued share capital to finance a land acquisition, repay borrowings and as its working capital.
Kimlun buys Johor land for RM28.3 mil to build residential properties
KUALA LUMPUR (May 13): Kimlun Corp Bhd is acquiring land in Kota Tinggi, Johor for RM28.
Sunway proposes RM1.8 bil mixed development in Kelana Jaya
PETALING JAYA (May 12): Sunway Bhd is proposing a mixed development across 17 acres in Kelana Jaya, with an estimated gross development value (GDV) of RM1.
1MDB takes to local daily to promote Bandar Malaysia
PETALING JAYA (May 8): 1Malaysia Development Bhd (1MDB) today put up a full-page advertisement in a local English daily to promote its prized project, Bandar Malaysia, a day after confirmation that it had sold a parcel of land at its other development project, Tun Razak Exchange (TRX) to pilgrims’ fund, Tabung Haji.
CapitaMalls Malaysia Trust unveils RM60 mil refurbished East Coast Mall
KUANTAN (May 7): The newly rebranded and refurbished East Coast Mall was unveiled yesterday after a RM60 million asset enhancement initiative to expand its net lettable area to 485,396 sq ft.
Deadline delayed for high-speed rail link
PETALING JAYA: Singapore and Malaysia have decided to postpone the 2020 deadline for the completion of a high-speed rail (HSR) link between the city state and Kuala Lumpur, said their prime ministers on May 5, reported The Edge Financial Daily citing a Reuters report.
