Oriental Interest’s 4Q net profit up 10% on better showing by property, construction segments
Net profit increased to RM39.
Net profit increased to RM39.
Phase 3 of the project comprises 34 three-storey units, including 20 semi-detached and 14 zero-lot houses.
“Technology can make our systems more efficient, but only our values can make them humane,” said Zaliha.
Bukit Damansara, Kuala Lumpur bungalow sold for RM4.
Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd.
The township’s first residential phase, Soren, was launched in March 2025, and has reached an 80% take-up rate.
Effective July 1, 2025, the measures include a one-year exemption for non-reviewable contracts, separation of taxable service and non-taxable material components in mixed contracts, and exemption for residential portions in mixed developments.
The improved earnings were attributed to accelerated progress billing for the KL 48 project, as well as lower administration expenses and finance costs.
An open tender for the second main civil works package (CMC2)—which covers the alignment from Macallum to Penang Sentral, including a bridge across the Penang Strait—will be launched soon.
Che Abdul Khalid has over 30 years of experience in property development and construction.