Red Ideas on growth momentum following listing

PETALING JAYA: Red Ideas Holdings Bhd, the company that developed the property management app Graaab JaGaApp, has seen its business gain traction since its listing on the Bursa Malaysia Leading Entrepreneur Accelerator Platform Market in November 2017.

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MACC raids Jho Low’s KL condo

PETALING JAYA (June 28): The Malaysian Anti-Corruption Commission (MACC) are raiding a luxury condominium unit owned by businessman Low Taek Jho – more popularly known as Jho Low – along Jalan Kia Peng in Kuala Lumpur, reported several news outlets.

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DONE DEAL: 1.5-storey factory, Perai Industrial Estate, Penang

Rented for: RM75,000 a month Concluded by: J T Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: Feb 14, 2018 Noteworthy: ● A factory with a land area of 121,968 sq ft and built-up size of 72,000 sq ft ● Nearby amenities: Juru Auto City, banks and various eateries ● About 4km away from Bukit Tengah Industrial Park, 8km away from Penang Bridge, 28km to George Town, 26km away from Bayan Lepas Industrial Park and Penang International Airport Situated close to the Penang Bridge, Perai Industrial Estate is a home for light and medium industries that create work opportunities for the locals.

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Berjaya Land ends FY18 in the red as forex rates, Sports Toto drag

KUALA LUMPUR (June 28): Berjaya Land Bhd, which is controlled by tycoon Tan Sri Vincent Tan, wrapped up its financial year ended April 30, 2018 (FY18) with another quarter of net loss, due mainly to unfavourable foreign exchange rates, and lower profit contribution from its number forecast operator business.

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MGB gets LoI for RM175.2m works

KUALA LUMPUR (June 28): MGB Bhd has received a letter of intent (LoI) from Kemudi Ehsan Sdn Bhd, a subsidiary of LBS Bina Group Bhd, to undertake piling, pile cap and building works including internal infrastructure works valued at RM175.

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