Johari to meet PM over property freeze

KUALA LUMPUR (Nov 29): A week after highlighting the government will not make a U-turn on its blanket ban on luxury property developments with units above RM1 million, Second Finance Minister Datuk Seri Johari Abdul Ghani says he will ask the prime minister to allow such projects in major cities.

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Ekovest posts flat 1Q net profit

KUALA LUMPUR (Nov 28): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, reported a flat net profit for the first financial quarter ended Sept 30, 2017 (1QFY18), as higher sales recognition from its property development projects was offset by lower profits from its construction operations.

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England struggles with housing shortage

LONDON (Nov 27): In a cramped apartment in an industrial zone in south London, Sandra Rumkiene recounts her struggles to bring up a baby as one of a growing number of poor families forced to live in temporary housing.

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Eversendai heading towards calmer waters

KUALA LUMPUR (Nov 27): Steel and construction firm Eversendai Corp Bhd, which is looking to expand its operational presence in the UK and Australian markets, is anticipating “positive” results in its upcoming third quarter financials, that is due to be released this week.

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