News about TM

The consortium led by BRail submitted the request for information (RFI) concept proposal for the project shortly before the submission deadline, according to sources.

This brings its total income distribution for FY2023 to 7.

The JV — Inneonusa Sdn Bhd — is 51%-owned by TM, 39%-owned by UEM and 10% by IIB.

The property sector stood out as the second best performing sector on Bursa Malaysia in 2023 as the KL Property Index recorded an impressive return of 34.

The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.

AmInvestment said the average unbilled sales for developers under its coverage at 1.

The contract, slated to be completed within 36 months, is not expected to have any effect on the group's issued share capital and substantial shareholders’ shareholdings, said Vizione.

The maintenance works form part of a concession agreement inked between UniTapah with the Malaysian government and Universiti Teknologi Mara (UiTM) back in May 2010, Crest Builder said in its filing.

The marginally higher revenue was thanks to STM Lottery's better topline, higher occupancy and room rates reported by its hotels division, and the disposal of land coupled with higher revenue from construction activities by its property development and investment division, which offset lower revenue reported by HR Owen.

Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.