E&O expects stronger quarters ahead after reversing losses in 3Q

KUALA LUMPUR (Feb 24): Having reversed losses in the third quarter, Eastern & Oriental Bhd (E&O) expects stronger earnings in the following quarters, supported by recognition of sales from new property launches in Penang and better contribution from its hospitality segment as the economy begins to recover from the Covid-19 pandemic.

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UEM Sunrise issues RM50m sukuk

KUALA LUMPUR (Feb 16): UEM Sunrise Bhd has made its inaugural issuances of Islamic Commercial Papers (ICPs) and Islamic Medium Term Notes (IMTNs), with a nominal value of RM10 million and RM40 million respectively.

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