TA Global 1Q net profit almost triples on property disposal, compulsory acquisition
KUALA LUMPUR (May 31): TA Global Bhd's first quarter net profit almost tripled to RM230.
Ahmad Zaki Resources 1Q net profit up 49%
KUALA LUMPUR (May 31): Ahmad Zaki Resources Bhd's (AZRB) net profit rose 49.
UOB Kay Hian: Market taken aback by surprise MRT3 cancellation
KUALA LUMPUR (May 31): The cancellation of the third mass rapid transit line (MRT3) has caught investors by surprise and subsequently precipitated another broad market meltdown, which had fallen by the biggest single-day drop since 2008, according to UOB Kay Hian Securities (M) Sdn Bhd.
With MRT3 termination, up to RM100 bil rail jobs to vanish, says CIMB Research
KUALA LUMPUR (May 31): The RM40 billion third mass rapid transit project (MRT3) is “dead in its track” and the downturn in rail contracts has been set in motion, with up to RM100.
SkyWorld: Lands purchased from DBKL have proper valuation and paid accordingly
PETALING JAYA (May 31): SkyWorld Development Group which had bought five of the 64 parcels of land which were alleged to have been dubiously sold by the Kuala Lumpur City Hall (DBKL) have issued a statement that all lands that it had purchased were through proper valuation done by the government’s valuation department.
LBS Bina, NWP terminate deal for joint development in China
KUALA LUMPUR (May 31): LBS Bina Group Bhd and NWP Holdings Bhd have decided to mutually terminate an agreement for a joint development project to transform the Zhuhai International Circuit in China, in which LBS Bina has a 60% stake.
Hap Seng targets RM1.3b GDV in launches this year
KUALA LUMPUR (May 31): Plantation and property conglomerate Hap Seng Consolidated Bhd is eyeing the launch of property developments with a gross development value (GDV) of approximately RM1.
JB-S’pore MRT line to proceed but subject to costs review
PUTRAJAYA (May 31): The government is committed to the Johor Bahru-Singapore mass rapid transit (MRT) project, but will review its costs and terms and conditions, said Transport Minister Anthony Loke.
The end of HSR ‘not ominous sign for bilateral relations’, say analysts
KUALA LUMPUR (May 31): The move to scrap the Kuala Lumpur-Singapore high-speed rail (HSR) “should not be seen as a move to spite Singapore”, according to analysts who spoke to the daily Today.
Tun M on HSR: RM100bn outlay for 100,000 jobs inefficient
PETALING JAYA (May 31): Prime Minister Tun Dr Mahathir Mohamad has fired back at former premier Datuk Seri Najib Razak, saying that an investment of up to RM100 billion to create 100,000 jobs is “not very efficient”.
