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News About Sarawak

Cahya Mata Sarawak 4Q net profit falls by a third, proposes 8 sen dividend

By Wong Ee Lin Feb 23

KUALA LUMPUR (Feb 23): Cahya Mata Sarawak Bhd's (CMSB) net profit fell 35.2% to RM65.8 million in the fourth quarter ended Dec 31, 2017 (4QFY17) from RM101.51 million a year ago, mainly due to higher production cost of cement, provision for soil erosion remedial works and lower share of results of joint ventures.

Ibraco's planned RM25.5m building sale to major shareholder fair and reasonable, says Kenanga IB

By Sangeetha Amarthalingam Feb 22

KUALA LUMPUR (Feb 22): The proposed sale of an eight-storey building or 'Building 2' to Ibraco Bhd's major shareholder Hiap Ghee Seng Sdn Bhd (HGS) for RM25.5 million is considered fair and reasonable and not detrimental to its non-interested shareholders.

‘Demand for high-rise residences picking up in Sarawak’

By Rachel Chew Feb 06

PETALING JAYA (Feb 6): High-rise residential projects have seen stronger demand in Sarawak, according to Malaysian Institute of Estate Agents (MIEA) Sarawak branch chairman Datuk Alex Ting.

Pan Borneo Highway to affect 570 land owners in mandatory acquisition

By Jan 12

KUALA LUMPUR (Jan 12): Owners of up to 570 land titles in three districts will be impacted in a mandatory acquisition of land for the Pan Borneo Highway project in Sabah, Bernama reported yesterday.

Three Felda board members under probe

By Jan 11

KUALA LUMPUR (Jan 11): Three board members of Federal Land Development Authority (Felda) Investment Corp Sdn Bhd (FIC) who were supposed to be in office at the time of the controversial Jalan Semarak land deal are also under probe by the Malaysian Anti-Corruption Commission (MACC) over the purchase of hotels in London and Sarawak, the English daily New Straits Times reported today.

Sunway to enter Sabah’s pavement market via acquisition

By Sangeetha Amarthalingam Dec 21

KUALA LUMPUR (Dec 21): Sunway Bhd plans to enter Sabah’s pavement market through the acquisition of concrete block manufacturer Telipok Concrete Sdn Bhd for RM2.9 million.

Cahya Mata seen to benefit from mega infrastructure projects

By AmInvestment Bank Dec 07

Cahya Mata Sarawak Bhd (Dec 6, RM3.78)

PNB sees good returns from possible London property sale

By Khairie Hisyam Aliman Sep 29

KUALA LUMPUR (Sept 29): Permodalan Nasional Bhd (PNB) has refuted allegations it is forced to sell two major properties in London, saying it may see lucrative gains at current market prices.

MACC to meet witnesses overseas over London hotel probe

By Aug 24

KUALA LUMPUR (Aug 24): The Malaysian Anti-Corruption Commission (MACC) will have to go to foreign shores to continue its investigations into Felda Investment Corp’s (FIC) London hotel purchase.