NCT Alliance 3Q net profit jumps sixfold to RM8m
KUALA LUMPUR (Nov 18): NCT Alliance Bhd recorded a sixfold jump in its net profit for the third quarter ended Sept 30, 2021 at RM8.
Evergrande to raise US$5b from stake selling its property unit
HONG KONG (Oct 4): China Evergrande is looking at disposing of 50% of its stake in its property management unit to Hopson Development for US$5 billion (RM20.
Malaysian banks have no exposure to Evergrande, says S&P
KUALA LUMPUR (Sept 29): Malaysian banks are not directly exposed to embattled property developer China Evergrande Group as they are more concentrated in the Southeast Asian region, says S&P Global Ratings.
Evergrande debt crisis will not have a major impact on Country Garden, say analysts
KUALA LUMPUR (Sept 25): The Evergrande Real Estate Group debt problem will not have a major impact on “the financial health and operations” of Country Garden Holdings Co Ltd in Malaysia, a number of analysts “monitoring the situation” told The Edge Malaysia this week.
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Encorp: Appointment of three new directors ‘sparks interest’
KUALA LUMPUR (Sept 18): Excitement and gains in share price seem to have originated from the appointment last week of three new directors at the property development company Encorp Bhd, reported The Edge Malaysia.
Report: FELDA looking to 'dispose of a stake' in Encorp
KUALA LUMPUR (Aug 21): Federal Land Development Authority (FELDA) “is understood to be looking to dispose of a stake” in developer Encorp Bhd, The Edge Malaysia reported this week.
72% of Malaysian workers rank attractive salary and benefits as most important, says Randstad
KUALA LUMPUR (June 14): 72% of Malaysians ranked “ attractive salary and benefits” as the most important employee value proposition (EVP) they seek in an ideal employer, according to research released by Randstad.
Genting chairman buys over Genting Hong Kong’s stake in Grand Banks Yachts for HK$62.58m
KUALA LUMPUR (March 25): Genting Hong Kong Ltd is selling its entire stake in Grand Banks Yachts to Genting Bhd chairman Tan Sri Lim Kok Thay (pictured) for HK$62.
Grand-Flo proposes two property acquisitions after posting higher net profit in FY20
KUALA LUMPUR (March 3): Grand-Flo Bhd is planning to buy two properties in Genting Highlands — the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) — for RM422.
Trump-named properties face branding crisis
NEW YORK: After departing from the White House, former United States president Donald Trump has been facing a bigger branding crisis in his business empire as people are shunning Trump-branded properties, reported foreign newswires.
