Sime Darby makes record RM684 mil impairment to give pure plays a clean start
KUALA LUMPUR (Aug 26): Sime Darby Bhd, which is set to list its plantation and property arms — Sime Darby Plantation Bhd (SD Plantation) and Sime Darby Property Bhd (SD Property) — separately on Bursa Malaysia by November, has undertaken a record impairment at the group level to provide a clean sheet for their financials, moving forward.
Sime Darby 4Q net profit slumps 53.4% to RM571 mil on impairments
KUALA LUMPUR (Aug 25): Sime Darby Bhd reported a 53.
Battersea Power Station adds 40,000 sq ft of office space
LONDON (Aug 23): The Battersea Power Station project in London is set to receive an additional 40,000 sq ft of office space.
Sime Darby Property is the most awarded developer at CIDB’s Qlassic Excellence Award 2017
PETALING JAYA (Aug 22): Sime Darby Property has bagged 13 quality building awards at the Qlassic Excellence Award 2017, making it the developer with the most wins at this year’s event.
Higher Battersea cost due to building envelope
KUALA LUMPUR (Aug 18): S P Setia Bhd has confirmed that the second phase of the Battersea Power Station project in London has seen rising construction costs due to a push-up for the building envelope, changes in design and inflation.
Battersea profit seen at €9.7b amid rising construction cost — report
KUALA LUMPUR (Aug 14): The UK's Battersea Power Station project in London undertaken by Malaysian consortium SP Setia Bhd, Sime Darby Bhd and the Employees Provident Fund (EPF) is expected to make a €9.
A world-class city underpinned by sustainability, wellness and liveability in the making
The 5,000-acre City of Elmina township situated along the Guthrie Corridor Expressway has been earmarked as the new growth corridor of the Klang Valley.
Analysts positive on Sime Darby's Seriamas stake disposal
KUALA LUMPUR (Aug 2): Analysts are generally positive on the news of Sime Darby’s disposal of its 40% stake in Seriamas Development Sdn Bhd (SDSB) to Permodalan Nasional Bhd yesterday for RM625 million cash, despite the lack of details surrounding the transaction.
