UEM Sunrise 4Q net profit surges six-fold on divestment gain
KUALA LUMPUR (Feb 24): UEM Sunrise Bhd's (UEMS) net profit for the fourth quarter ended Dec 31, 2019 surged six-fold to RM126.
Trial over Goldman Sachs’ 1MDB bond sale to start in November
KUALA LUMPUR (Feb 24): The government’s case against Goldman Sachs regarding the sale of the guaranteed notes and bonds belonging to 1Malaysia Development Bhd (1MDB) is set to start in November.
Rethink housing financialisation, says Liew
KUALA LUMPUR (Feb 22): It is time for Malaysia “to unwind and reverse the 50-year history” of “housing financialisation”, said Kluang MP Liew Chin Tong.
Ranhill awarded RM5.5m sewerage plant project in Johor
KUALA LUMPUR (Feb 20): Engineering group Ranhill Holdings Bhd has secured an RM5.
Taman Desa condo collapse: Contractor used illegal workers, failed to pay overtime wages, says report
KUALA LUMPUR (Feb 20): A Labour Department probe on the Taman Desa condominium collapse which occured last Friday (pictured) found that the main contractor of the project being built has allegedly made breaches of the employment law, the Malay Mail reported.
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CIDB issues stop-work order to facilitate investigations into collapsed Taman Desa condo
KUALA LUMPUR (Feb 18): The Construction Industry Development Board (CIDB) has started its investigation on a 37-storey condominium building under construction in Taman Desa, Jalan Klang Lama that partially collapsed last Friday (Feb 14), with the findings expected to be released in a month’s time.
Amverton shareholders advised to accept ‘unfair but reasonable’ takeover offer
KUALA LUMPUR (Feb 13): Shareholders of Amverton Bhd have been advised by Kenanga Investment Bank Bhd to accept the RM1.
Why drastic hike of building materials if no cement price increase, asks Wee
PETALING JAYA (Feb 13): The government should explain how the double-digit spike in raw building materials has come about if cement prices have not risen, MCA president Datuk Seri Dr Wee Ka Siong says.
Penang told not to start PSR project pending appeal
GEORGE TOWN (Feb 12): Non-governmental organisation Penang Forum said the Penang state government should delay the Penang South Reclamation (PSR) project pending an appeal case against the project, the Malay Mail reported today.
UMLand to launch more Amber Heights apartments
PETALING JAYA: United Malayan Land Bhd’s (UMLand) newest addition to its Bandar Seri Alam township in Johor Bahru has achieved 80% take-up within a month, despite weak market sentiment.
