Tambun Indah 2Q net profit down 23% on fewer on-going projects
KUALA LUMPUR (Aug 22): Tambun Indah Land Bhd saw its net profit fall 23.
Sunway on track to exceed RM1.3b sales target, declares dividend
KUALA LUMPUR (Aug 22): Sunway Bhd’s second quarter profit saw a marginal 1% rise to RM199.
MCT buys Tropicana land to build RM265m luxury condominium
KUALA LUMPUR (Aug 22): MCT Bhd is acquiring a 7,143 sq m piece of leasehold land within Tropicana Golf & Country Resort in Bandar Damansara, Selangor from Tropicana Corp Bhd, controlled by tycoon Tan Sri Danny Tan Chee Sing, for RM42.
Paramount 2Q net profit doubles on land disposal
KUALA LUMPUR (Aug 21): Paramount Corp Bhd's net profit more than doubled for its second quarter ended June 30, 2018 (2QFY18) to RM42.
Short selling of Gabungan AQRS, HSS Engineering shares suspended
KUALA LUMPUR (Aug 21): Proprietary day traders (PDT) and intraday short selling (IDSS) activities were suspended today for Gabungan AQRS Bhd and HSS Engineering Bhd after their shares dropped more than 15 sen or 15% from their reference price.
E&O on active lookout for STP2 Phase 2A investors to raise cashflow
KUALA LUMPUR (Aug 21): Lifestyle property developer Eastern and Oriental Bhd (E&O) is on the lookout for Tier 1 and Tier 2 investors, either local and foreign parties, to enter into joint ventures (JV) to develop its 253-acre Phase 2A land in Seri Tanjung Pinang 2, Penang (STP2A).
Canadian firm co-owned by Taib Mahmud's daughter seeks injunction against Swiss NGO
KUALA LUMPUR (Aug 21): Sakto Corp, a Canadian real estate company co-owned and operated by Jamilah Taib Murray, the daughter of Sarawak Governor Tun Abdul Taib Mahmud, has applied to Switzerland's Basel Civil Court to obtain an injunction against Swiss non-governmental organisation Bruno Manser Fonds (BMF).
Dr Mahathir: ECRL, two gas pipeline projects will be cancelled
BEIJING (Aug 21): Prime Minister Tun Dr Mahathir Mohamad said today Malaysia's proposed East Coast Rail Link (ECRL) and two gas pipeline projects will be cancelled due to the government's fiscal position.
Highland Towers site to be recreational park, flanked by 50 bungalows
PETALING JAYA (August 21): In new developments on the Highland Towers site, the proposed plan is to build 50 bungalows on 8ha of land around the site, turning the current location of the old towers into the recreational park that Housing and Local Government Minister Zuraida Kamaruddin spoke of on Aug 19.
Daim: The government knows where Jho Low is
KUALA LUMPUR (Aug 21): The government is aware of and knows the whereabouts of businessman-turned-fugitive Low Taek Jho (pictured), or better known as Jho Low, who has been linked to the financial troubles at beleaguered 1Malaysia Development Bhd (1MDB), according to former finance minister Tun Daim Zainuddin.
