News about ST

KUALA LUMPUR (Feb 23): A US federal judge has given the green light for the US Department of Justice (DoJ) and New York developer Steven Witkoff’s proposed plan to sell the Park Lane Hotel, The Wall Street Journal (WSJ) reported.

AFTER waiting for months on end for their applications for advertising permits and developers’ licences (APDLs) to be approved, developers in Penang breathed a sigh of relief recently — they have finally been given the nod.

KUALA LUMPUR (Feb 22): Iris Corp Bhd, which has been thrust into the limelight after its deputy managing director Datuk Hamdan Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission for alleged graft, saw its net loss widen to RM1.

PETALING JAYA (Feb 22): Piling and foundation specialist Econpile Holdings Bhd (Econpile) has won a contract worth RM570.

KUALA LUMPUR (Feb 22): Mercury Industries Bhd rose 8.

KUALA LUMPUR (Feb 22): Mercury Industries Bhd’s 70%-owned construction unit Paramount Bounty Sdn Bhd has won a mixed development project worth RM238 million in Gombak, Selangor.

KUALA LUMPUR: International real estate services provider Jones Lang LaSalle (JLL) foresees more foreign investors putting their money in Malaysian real estate in the next 6 to 12 months.

KUALA LUMPUR (Feb 21): IGB Corp Bhd reported a 14.

PETALING JAYA (Feb 21): Developers, lenders and fund and real estate investment trust (REIT) managers expect logistics/industrial and healthcare/institutional properties in Malaysia to do well in 2017 despite the challenging operating environment, according to a survey by Knight Frank Malaysia.

KUALA LUMPUR (Feb 21): AmInvestment Bank Bhd upgraded its IOI Corp Bhd net profit forecast by 9% for the current financial year after IOI reported first-half core net profit, which was above the research firm's and consensus expectations.