News About Sarawak
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.
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.
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.
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.
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.
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.
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.
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.